Buying 5-year COE cars, worth it? Make sense a not?

[attitude777]

Hello seniors and Enciks

 

I have been looking at 2nd hand car dealer sites. I saw some are selling 5-year coe cars and it comes with 1-year official warranty and claimed that the engine has been refurbished. 

 

I am aware 5-year coe cars are non-renewable. But on the surface, it looks like a okay deal since you can drive it for 5 years? I could get a renewable car with 2.5 years left, at the same price.

 

Does it really make any sense to buy 5-year coe cars? What are the considerations? When it means 1-year official warranty, means I could go back to distro? Sounds like a gamble..

 

Any inputs are appreciated. 

[ER-3682]

Over 10 Years car still got Warranty.?Better write it down in "Black & White"....

[Vinceng]

Quote you an example.

 

2006 Lancer with 5 year renewed COE is going at annual dep of almost $8K, with unknown history, and repair bills.

 

A brand new Lancer is going for a song at $8,300 annual dep, with 3 yr free servicing, 5 yr warranty and 10 yr engine warranty.

 

You do your sums and decide.

 

Or if you are on a tight budget, go for a brand new Perodua Axia (manual) at only $72,000. $$6,800 annual dep for a brand new car.

Edited October 23, 2016 by Vinceng

[attitude777]

  On 10/23/2016 at 5:16 AM, ER-3682 said:

Over 10 Years car still got Warranty.?Better write it down in "Black & White"....

Thank you for your inputs. You meant theres no such thing? #tiopian

  On 10/23/2016 at 5:23 AM, Vinceng said:

Quote you an example.

 

2006 Lancer with 5 year renewed COE is going at annual dep of almost $8K, with unknown history, and repair bills.

 

A brand new Lancer is going for a song at $8,300 annual dep, with 3 yr free servicing, 5 yr warranty and 10 yr engine warranty.

 

You do your sums and decide.

 

Or if you are on a tight budget, go for a brand new Perodua Axia (manual) at only $72,000. $$6,800 annual dep for a brand new car.

I am trying my best not to take any loans. If i can put 35k or 40k then drive away and don't think about loans im good. Edited October 23, 2016 by attitude777

[RadX]

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Discussed to death

 

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