sam138 1st Gear March 28, 2016 Share March 28, 2016 hi, my car due in 3 mths time and I want to keep my spare cash for other usage at the moment instead of 1 short pay up for 5 yrs renewal called up maybank and they said the 5yr loan for >10yrs car is only for new hire purchase, not for 5yr coe renewal any bros knew which company/bank can provide 5 yr coe renewal loan and are reliable ? Cheers ^^ ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Optramagnum 6th Gear March 28, 2016 Share March 28, 2016 I think "COE Loan" are considered as personal loan.. Becos there's no market value in such cars, so it's unlike a new car hire purchase.. And it attracts high interest rate, not sure it's still worth to pay such amount.. 6 Link to post Share on other sites More sharing options...
Vratenza Supersonic March 28, 2016 Share March 28, 2016 I think "COE Loan" are considered as personal loan.. Becos there's no market value in such cars, so it's unlike a new car hire purchase.. And it attracts high interest rate, not sure it's still worth to pay such amount.. I think the proper term is "unsecured loan". Meaning the bank has nothing to sell off to claw back any loss in the event you default. Link to post Share on other sites More sharing options...
Ahbengdriver 6th Gear March 28, 2016 Share March 28, 2016 Correct. Cars passed 10 years actually have lost its scrap value. Most banks do not lend any car loan as there is no car collateral value, less whatever body value there is. Any loan you take is basically personal loan hence int rate is very high. Not worth to take such loans, might as well get another used car. 1 Link to post Share on other sites More sharing options...
Hamburger Hypersonic March 28, 2016 Share March 28, 2016 Ask finance company. Confirm got pattern to lend you. Link to post Share on other sites More sharing options...
lausai88 Hypersonic March 28, 2016 Share March 28, 2016 scrap your car and get a car more than 10 yrs old e.g. this vios, $484 Low Monthly Installment. lausai very hor http://www.sgcarmart.com/used_cars/info.php?ID=539126&DL=2469 1 Link to post Share on other sites More sharing options...
Acewin 4th Gear March 28, 2016 Share March 28, 2016 Finance company can loan for COE by interest is high. 2 Link to post Share on other sites More sharing options...
Mr_biscuit 3rd Gear March 28, 2016 Share March 28, 2016 hi, my car due in 3 mths time and I want to keep my spare cash for other usage at the moment instead of 1 short pay up for 5 yrs renewal called up maybank and they said the 5yr loan for >10yrs car is only for new hire purchase, not for 5yr coe renewal any bros knew which company/bank can provide 5 yr coe renewal loan and are reliable ? Cheers ^^ Try this link: http://www.sgcashncars.com/contact/about-us/ Hope it helps. 2 Link to post Share on other sites More sharing options...
Tiger1 6th Gear March 28, 2016 Share March 28, 2016 Sorry but seriously, if you can't even pay $20 plus K for a 5 yr Coe, you are better off without a car. Hope your are not offended. 11 1 Link to post Share on other sites More sharing options...
Googoo 4th Gear March 28, 2016 Share March 28, 2016 (edited) Sorry but seriously, if you can't even pay $20 plus K for a 5 yr Coe, you are better off without a car. Hope your are not offended. cold hard truth.. if one dont have even 20k spare cash you are really better off without a car. Edited March 28, 2016 by Googoo 4 Link to post Share on other sites More sharing options...
Alg 5th Gear March 28, 2016 Share March 28, 2016 Some car owners need just a b&b car to ferry old folks to and fro hospital or need the car for sales job. Not for haolian. 11 Link to post Share on other sites More sharing options...
Lava 5th Gear March 29, 2016 Share March 29, 2016 Some car owners need just a b&b car to ferry old folks to and fro hospital or need the car for sales job. Not for haolian. there are uber and taxi provide servicing at your door step. just don't make sense that one need a car to ferry old folk around. if one can't even afford 20k cash to renew coe, I suggest he better to go without a car. 1 Link to post Share on other sites More sharing options...
Jq1988 4th Gear March 29, 2016 Share March 29, 2016 Please stop cyber bully and ill critic on TS. That's not nice. When people ask for help, you guys badly pressure on other people finance. Advice for me to TS. Don't get ur self in debt. Scrap the car and get back the value then got extra money buy a 2 years or 3 years with cash. Just my cents!!! 18 Link to post Share on other sites More sharing options...
Hamburger Hypersonic March 29, 2016 Share March 29, 2016 To each his own. maybe TS prefers to have more spare cash and willing to pay some interest for it? 3 Link to post Share on other sites More sharing options...
Track 2nd Gear March 29, 2016 Share March 29, 2016 Please stop cyber bully and ill critic on TS. That's not nice. When people ask for help, you guys badly pressure on other people finance. Advice for me to TS. Don't get ur self in debt. Scrap the car and get back the value then got extra money buy a 2 years or 3 years with cash. Just my cents!!! Sama sama ... Was working sum for COE renewal or get used car. Though paying some $20-25k for 5 yrs COE don't seem a lot, the other expenses like petrol, maintenance, insurance, road tax, etc ... can easily triple the COE expense. Spend within means ... best! 1 Link to post Share on other sites More sharing options...
Track 2nd Gear March 29, 2016 Share March 29, 2016 sorry TS, OT a bit .... If I am buying a near 10-yr car with intent to renew COE, is there a way that (a) previous owner get back PARF and (b) I just renew COE, without absorbing PARF depreciation? TIA ... Link to post Share on other sites More sharing options...
13177 Hypersonic March 29, 2016 Share March 29, 2016 scrap your car and get a car more than 10 yrs old e.g. this vios, $484 Low Monthly Installment. lausai very hor http://www.sgcarmart.com/used_cars/info.php?ID=539126&DL=2469 Another alternative no need to upfront $20k plus cash one time, buy those cars offered at renewed coe pricing, then you can loan the amount. 2 Link to post Share on other sites More sharing options...
Acemundo Supercharged March 29, 2016 Share March 29, 2016 call 98587298 hi, my car due in 3 mths time and I want to keep my spare cash for other usage at the moment instead of 1 short pay up for 5 yrs renewal called up maybank and they said the 5yr loan for >10yrs car is only for new hire purchase, not for 5yr coe renewal any bros knew which company/bank can provide 5 yr coe renewal loan and are reliable ? Cheers ^^ ↡ Advertisement Link to post Share on other sites More sharing options...
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