is this a good year to change car?

[flashbang]

Look at it from upside and downside.

Upside: Your potential savings is 30k if COE drops to 0. Realistically, it's more like 10-20k potential savings cos unlikely to drop to 0.

 

Downside: Your potential loss could be up to 60k, cos highest COE so far is around 90k.

 

Looks like a good time to buy now!

[joshua182]

many used cars are priced with straight line depre nowadays, or some priced even higher in terms of depre compare to new, because these dealers use their tricks such as overtrade, higher loan, 0% DP and all that low intital quantum stuff to absolutely sucker people in..

in my humble opinion, in the context of a stagflating economy, we do need to fix this because if a credit crunch comes i can just smell the napalm..

[Vinceng]

https://www.asiaone.com/lifestyle/buying-car-singapore-what-every-first-time-wannabe-car-owner-should-know

Not very prudent way to buy a car - Spend $15K to buy a 9 yr old used one, in view of using the scrap value to top up to buy another 9 yr old used car.

That's an average annual dep of at least $8K, excluding repairs for an aging car with 1 yr left to scrap.

Better to buy a brand new budget car like Mitsubishi Attrage, Nissan note, Perodua Bezza/MYVI with an annual dep of $6K.

 

Edited March 12, 2020 by Vinceng

[Toeknee_33]

  On 3/12/2020 at 3:13 AM, Vinceng said:

https://www.asiaone.com/lifestyle/buying-car-singapore-what-every-first-time-wannabe-car-owner-should-know

Not very prudent way to buy a car - Spend $15K to buy a 9 yr old used one, in view of using the scrap value to top up to buy another 9 yr old used car.

That's an average annual dep of at least $8K, excluding repairs for an aging car with 1 yr left to scrap.

Better to buy a brand new budget car like Mitsubishi Attrage, Nissan note, Perodua Bezza/MYVI with an annual dep of $6K.

 

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Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. 

Wonder why the roads aren't full of these cars, hor?

[Aventa]

  On 3/14/2020 at 9:00 AM, Toeknee_33 said:

Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. 

Wonder why the roads aren't full of these cars, hor?

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Depends what your needs are.

If you just need a point A to B car, a 3 cylinder 1 litre noisy engine car made with milo tin metal also can do the work. 

But I seek for the sheer driving experience & pleasure.

[Jamesc]

  On 3/14/2020 at 9:00 AM, Toeknee_33 said:

Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. 

Wonder why the roads aren't full of these cars, hor?

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He saying we all got no brain?

And what car did he buy?

  Quote

Better to buy a brand new budget car like Mitsubishi Attrage, Nissan note, Perodua Bezza/MYVI.

Expand  

[Toeknee_33]

  On 3/14/2020 at 9:10 AM, Aventa said:

Depends what your needs are.

If you just need a point A to B car, a 3 cylinder 1 litre noisy engine car made with milo tin metal also can do the work. 

But I seek for the sheer driving experience & pleasure.

Expand  

 

  On 3/14/2020 at 9:12 AM, Jamesc said:

He saying we all got no brain?

And what car did he buy?

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[Theoldjaffa]

  On 3/14/2020 at 9:00 AM, Toeknee_33 said:

Yes lor, ALL of us should buy a brand new budget car with annual depre of $6K. It's a no brainer. 

Wonder why the roads aren't full of these cars, hor?

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I followed his instructions. 
 

my car 6k on petrol per year 🤣

[Vinceng]

  On 3/14/2020 at 9:12 AM, Jamesc said:

He saying we all got no brain?

And what car did he buy?

 

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I recommended the car based on the thread starter's current circumstances.

And I bought a 'budget' conti marque - a VW Passat which costs less than half of what a  brand new Mercedes E class or BMW 5 series would cost. 😁

[Theoldjaffa]

  On 3/14/2020 at 12:49 PM, Vinceng said:

I recommended the car based on the thread starter's current circumstances.

And I bought a 'budget' conti marque - a VW Passat which costs less than half of what a  brand new Mercedes E class or BMW 5 series would cost. 😁

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Passat is a good car. No way is it budget. I think the boot can fit 3 x 165kg me.

[Lala81]

  On 3/14/2020 at 2:34 PM, Theoldjaffa said:

Passat is a good car. No way is it budget. I think the boot can fit 3 x 165kg me.

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580L if I'm not wrong. Lol wonder if should consider a management unit...

[Theoldjaffa]

  On 3/14/2020 at 2:55 PM, Lala81 said:

580L if I'm not wrong. Lol wonder if should consider a management unit...

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This and Superb same same one right?

[Apple-Tree]

The moment of truth.  My SE say wor, COE is pegged to STI wor.  

So STI like bear liao ...... So COE to fall ??  Let see.....

[Throttle2]

  On 2/29/2020 at 5:22 AM, Ginyu said:

ya no full cash no car. if cant full cash for porsche then settle for toyota😝

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Abothen?

[Cheefarn]

spam alert

 

[Jumpmanz]

More pple getting good conditions 8-10 years car and then renewing COE for them..

[Cw1985]

A used 2.5 yrs HRV is selling at $69k, dep 8k. 

A used 2.5 yrs vezel selling at $69k too. 

A new vezel selling at $89k.

So which more worth? 

[jessenchan]

  On 2/26/2020 at 3:56 AM, Strat said:

every year is a good year to change car if you got money....

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if you got MONEY hahahah