COE renewal or get a 2nd hand car?

[ernest14]

  On 5/30/2016 at 4:40 PM, Poper said:

Recently, I drove up to KL with a 10 yo Latio.. The engine struggles to reach 120kmh at 3K+ RPM. In fact, 110kmh is already sounding breathless. This is distinctly different from my last trip up north 5 years back. When brand new, I was pushing it at 130-140kmh with loud engine roar but never feel that breathless (sorry, that time young mah).

 

I wonder whether the engine is deteriorating and what's the risk of engine fail me if I renew the COE. Fuel consumption certainly has gone up from 14km/L to 10km/L for the last 2 years. Current mileage is 165000 km

 

my nissan latio premium (cvt) 9.5 years old still could reach FC at average 14~15km/litre. mileage at 240k+, so far only wear & tear and didnt give me any major problem. a wise choice if opt for renewing COE for nissan latio cvt.

[Poper]

  On 6/4/2016 at 4:44 PM, ernest14 said:

my nissan latio premium (cvt) 9.5 years old still could reach FC at average 14~15km/litre. mileage at 240k+, so far only wear & tear and didnt give me any major problem. a wise choice if opt for renewing COE for nissan latio cvt.

 

My mileage is only 160K but I've decided to scrap my latio and book a new car. My original intention was to extend COE but decided to drove up NSH to 'test drive' my latio first. The result wasn't satisfying to me:

(1) the car feel breathless when pushing from 110Kmh to 120Kmh (barely can even reach 130Kmh). Although I won't be driving at this speed in SG, the engine has definitely 'weaken' significantly and much louder.

(2) Radiator leaked.. Keep toping up coolant

 

There are other issues with the car also which can be fixed but it's the core (1) and (2) that makes me decide to change the ride.. If I were to give up $9K parf, it has to be worth it.

 

Anyway, dilemma solved.. now looking forward to new ride!

[Alg]

Thinking of renewing my 2007 lancer GLX CS3 as well. Mileage 200k. The PARF of only $6000 take back also can't do much with it.

[Pocy]

  On 6/5/2016 at 2:45 AM, Poper said:

My mileage is only 160K but I've decided to scrap my latio and book a new car. My original intention was to extend COE but decided to drove up NSH to 'test drive' my latio first. The result wasn't satisfying to me:

(1) the car feel breathless when pushing from 110Kmh to 120Kmh (barely can even reach 130Kmh). Although I won't be driving at this speed in SG, the engine has definitely 'weaken' significantly and much louder.

(2) Radiator leaked.. Keep toping up coolant

 

There are other issues with the car also which can be fixed but it's the core (1) and (2) that makes me decide to change the ride.. If I were to give up $9K parf, it has to be worth it.

 

Anyway, dilemma solved.. now looking forward to new ride!

Which car has you booked?

[Poper]

  On 6/5/2016 at 5:15 AM, Pocy said:

Which car has you booked?

Honda Shuttle Petrol because i like the space for family usage. Decide to give Vezel a miss as it gets too common nowadays. Shuttle also share many of the nice features in Vezel so it's a balanced choice although I won't look that hip, haha..but I uncle liao so family more important :)

[Pocy]

Saw its pic, a cool MPV. When taking new ride?

Calling yourself uncle, got your CPF?

[Bismarck]

  On 6/5/2016 at 5:25 AM, Poper said:

Honda Shuttle Petrol because i like the space for family usage. Decide to give Vezel a miss as it gets too common nowadays. Shuttle also share many of the nice features in Vezel so it's a balanced choice although I won't look that hip, haha..but I uncle liao so family more important :)

 

I thought so too. Some people look at Shuttle with only 2 airbags and they will give it a miss, unlike Vezel which is 6 airbags. 

 

Anyway you make the right choice not renewing Latio. I used to own one and I dont think it is worth renewing. And I am not talking about value  The car itself has a few problems that cannot be solved at all. Aircon is one of them and to me that is major in Singapore's weather context  The only positives are the comfort and fuel consumption, which will drop after some years. 

  On 6/5/2016 at 5:58 AM, Pocy said:

Saw its pic, a cool MPV. When taking new ride?

Calling yourself uncle, got your CPF?

 

Its actually a stationwagon. 

[Ingenius]

  On 6/5/2016 at 5:25 AM, Poper said:

Honda Shuttle Petrol because i like the space for family usage. Decide to give Vezel a miss as it gets too common nowadays. Shuttle also share many of the nice features in Vezel so it's a balanced choice although I won't look that hip, haha..but I uncle liao so family more important :)

Another family car is the Toyota Sienta. Not that I like it but it is a practical and relativel cheap car.

[Poper]

  On 6/5/2016 at 3:33 PM, Ingenius said:

Another family car is the Toyota Sienta. Not that I like it but it is a practical and relativel cheap car.

 

It's just me.. I never like Toyota car as it is very "ah pek" and don't have the comfort of Nissan nor the power of Honda.. When I bought my Latio 10 years back, I skipped Toyota totally and so is this time, 10 years later, haha..

[acetron]

It all depends on the condition of the car.

Assuming the scrap value of the car is S$8K (more most Japanese make), + renewing of COE for 10 years S$45K, the cost works out to be S$5.3K / year.

 

Current new cars depreciation : S$10K (Japanese models), there is a saving of S$4.7K / year.

 

Bearing in mind the extra road tax (up 10% every year till the 5th year) + high fuel consumption, there is still a good saving.

 

Moreover, should the COE drop to a level you are comfortable in the next few years, you can scrap the car and get back the balance COE of the car.

 

You will need to see if the car can last for the next few years without any major repairs......... 

[davidcfw]

  On 6/5/2016 at 5:25 AM, Poper said:

Honda Shuttle Petrol because i like the space for family usage. Decide to give Vezel a miss as it gets too common nowadays. Shuttle also share many of the nice features in Vezel so it's a balanced choice although I won't look that hip, haha..but I uncle liao so family more important :)

 

Shuttle is worth to get ? 

[Poper]

  On 6/15/2016 at 3:56 AM, davidcfw said:

Shuttle is worth to get ?

Havent collected car yet but compare to Vezel, I like shuttle better. Here's a few of my decision points:

- shuttle, vezel, jazz share same engine so performance and maintenance will be same.

- roomier as confirmed by a few mcfers

- boot space is great for family.

- air con vent layout is more sensible

- fabric seat is better than vezel. It's hq fabric, feels like latio alcantera. So, I skip leather upgrade.

- more unique on the road.

 

On the downside (*I don't mind),

- *15" rim

- *no fog light

- no leather wrap steering

- *no Honda sensing

- *interior slightly less gadget than vezel

- *less aftermarket mod (esp. Cosmetic ones)

 

Ultimately, I chose Shuttle because it will bring fun to my family while Vezel may bring more sportyness to me. Unfortunately, Vezel is overexposed now like the Toyota corolla altis.

Edited June 15, 2016 by Poper

[davidcfw]

Sounds great.... But I missed the cheaper COE already....

[Freddy_Qin]

  On 2/15/2009 at 1:15 PM, Shull said:

Bros,

 

i would like to know how this renewal of COE(aka buy new COE) works

 

1) If say my current COE ending at 2011..then if i buy another COE, the new COE is up to (a)2019 or (b)2021?

 

2) if in the case of (a) then what will happen the remaining value of my current COE

 

3) How do i go about buying the new COE?

 

Thanks

 

[Matrix0405]

The decision just got more complicated with the new financing. Now with $30K, you can renew (and lose PARF), buy a 8 yo (and wait for COE to drop) or downpayment for New (and carry more loan).    

[JSIK]

Hi All,

 

I am also stuck in this situation now. Need help from you guys to advise me which path to go:

 

Current car is abit faulty with gear and current mileage @ 140K, still got 2 years more to go.

 

1) Repair - cost about 1k plus change gear box. (Hope nothing else is faulty)

2) Trade in, buy a coe car (forgo the PARF of the current car about 8k) and drive for 5 years.

 

Not very cash rich at the moment for new car.

 

Thanks all for the advise.

 

 

 

Cheers.

 

[So_nice]

It all depends on wat u want in life. I've recently changed to a used car wif 2 more years to go but it's a car worth renewing. The condition is tiptop plus u won't get another cat a car wif tat specs. Hence it makes financial sense to me

[merc280v6]

If you have a reliable and sturdy conti car that can and is designed to last another 10 years, and whose engine is still strong and efficient (preferably without induced air flow design), then by all means, renew the COE.

Most Jepun cars will not run well by the second decade anyways.