Jamesc Hypersonic February 19, 2021 Share February 19, 2021 2 cars same model same year same miles both selling $50k One coe 54k and scrap value 46k. One coe 26k and scrap value is 30k. Which car would you buy? Who says don't buy high coe cars? I would. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 (edited) 17 minutes ago, Calvin8808 said: No victim here. Still good deal, I don't mind some air stewardess ask me rub rub their legs. I sure can give them good them good rub rub all the way up their inner thighs Foot reflexology tips so little. Rub rub higher up then I get the big big tips. I always rub aiming for the big tips. Edited February 19, 2021 by Jamesc 1 Link to post Share on other sites More sharing options...
Roh96 6th Gear February 19, 2021 Share February 19, 2021 (edited) I recog that when COE was low time in 2019, most ADs' margin was high. For example, in 2017, new Altis was $103K when COE was $51K. In 2019, Altis was selling at around $95K but COE was below $30K. So to dump a 2017 car for another new car in 2019, wu hua meh? I asked myself... The numbers are real hor...bcos i was thinking whether to change but the numbers doesn't convince me to do so. Edited February 19, 2021 by Roh96 4 Link to post Share on other sites More sharing options...
Zxcvb Turbocharged February 19, 2021 Share February 19, 2021 3 minutes ago, Roh96 said: I recog that when COE was low time in 2019, most ADs' margin was high. For example, in 2017, new Altis was $103K when COE was $51K. In 2019, Altis was selling at around $95K but COE was below $30K. So to dump a 2017 car for another new car in 2019, wu hua meh? I asked myself... 2 year old car not worth lah, most would have taken 5 years or more loan. So example if you buy a car at high COE during 2013/2014, you scrap the car at 5th year or 6th year (provided your loan tenure is around this number), then changing car would be wise at 2019. You'd probably be paying the same installment as before, don't even have to fork out extra for downpayment for the new car, but now with a brand new car!!! Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 10 minutes ago, Roh96 said: I recog that when COE was low time in 2019, most ADs' margin was high. For example, in 2017, new Altis was $103K when COE was $51K. In 2019, Altis was selling at around $95K but COE was below $30K. So to dump a 2017 car for another new car in 2019, wu hua meh? I asked myself... The numbers are real hor...bcos i was thinking whether to change but the numbers doesn't convince me to do so. It's true. When coe low dealers mark up very high. When coe high margins are lower as we have to meet our sales targets. So customers gain in both ways. You enjoy either lower COE or lower mark ups. 3 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 If people want low coe and low mark ups then I close shop liao. No point doing car sales. 3 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 (edited) Apple Google FB make billion's nobody complain. We used car dealers make a bit of money people complain like siao. Mee pok go up 50 cents people complain. Shake and shake until shack take my kids and my MIL over $100 for mushroom burger, fries, custard milk shakes. And have to q up and q so long some more. And my kids tell me shake and shake cheaper than 5 gays. They were helping me save money. Edited February 19, 2021 by Jamesc 1 2 Link to post Share on other sites More sharing options...
Roh96 6th Gear February 19, 2021 Share February 19, 2021 14 minutes ago, Zxcvb said: 2 year old car not worth lah, most would have taken 5 years or more loan. So example if you buy a car at high COE during 2013/2014, you scrap the car at 5th year or 6th year (provided your loan tenure is around this number), then changing car would be wise at 2019. You'd probably be paying the same installment as before, don't even have to fork out extra for downpayment for the new car, but now with a brand new car!!! I know what i will get from the AD if i ask about trade in. A $20K drop in COE translate to less than $10K drop in selling price...so conclusion is forget it. Boh hua. 1 Link to post Share on other sites More sharing options...
Roh96 6th Gear February 19, 2021 Share February 19, 2021 16 minutes ago, Jamesc said: It's true. When coe low dealers mark up very high. When coe high margins are lower as we have to meet our sales targets. So customers gain in both ways. You enjoy either lower COE or lower mark ups. But you know lah...people want both..low COE and low margin 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 5 minutes ago, Roh96 said: But you know lah...people want both..low COE and low margin Hehe they sell used cars lah. I will buy from them. Link to post Share on other sites More sharing options...
mersaylee Hypersonic February 19, 2021 Share February 19, 2021 Need to factor in ARF... Buy house look at psf Buy car look at depre Buy fish look at freshness Buy chicken look at tenderness Buy "ayam" look at prettiness Buy handbag look at your Highness 😁 2 4 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 Why only look at COE? Must look at TCO. If anyone kidnap my kids I will not pay 1 cent to take them back. When they realize how much they eat they will be paying me to take them back. That's TCO. 27 minutes ago, Jamesc said: Apple Google FB make billion's nobody complain. We used car dealers make a bit of money people complain like siao. Mee pok go up 50 cents people complain. Shake and shake until shack take my kids and my MIL over $100 for mushroom burger, fries, custard milk shakes. And have to q up and q so long some more. And my kids tell me shake and shake cheaper than 5 gays. They were helping me save money. 3 Link to post Share on other sites More sharing options...
Mkl22 Supersonic February 19, 2021 Share February 19, 2021 2 hours ago, Roh96 said: I recog that when COE was low time in 2019, most ADs' margin was high. For example, in 2017, new Altis was $103K when COE was $51K. In 2019, Altis was selling at around $95K but COE was below $30K. So to dump a 2017 car for another new car in 2019, wu hua meh? I asked myself... The numbers are real hor...bcos i was thinking whether to change but the numbers doesn't convince me to do so. worth it or not in terms of numbers, is always the total depreciation going forward. Link to post Share on other sites More sharing options...
Roh96 6th Gear February 19, 2021 Share February 19, 2021 6 minutes ago, Mkl22 said: worth it or not in terms of numbers, is always the total depreciation going forward. Let's continue to compare the Altis case. In 2017, COE $51K, Selling price $103K, Annual depre = $9.3K In 2019, COE <$30K, Selling price $95K, Annual depre = $8.5K Haven't count the losses if trade in to dealer using paper + body calculation. How much will dealer take in a 2 yr old car if new car is selling at $95k? Maybe $80K at most? Worth to incur big loss just to buy another new car with 800 dollars lower in depre? Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 When you buy a car with low coe you should drive to scrap. But it never works that way because when coe goes up you can sell your car for the same price you bought or even higher after driving for a few years. So you sell and make money and buy a new car at the higher coe. When coe drops again and you work out depreciation of a new car is same as your old car you think why not? Might as well pay the same and get a brand new car with another 10 year coe, full warranty and no need to worry about expensive repairs. 5 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 (edited) The correct way to calculate is loss offset by new car lower depreciation and another 2 years of coe and new car warranty and new car smell. Even if it's same or slightly more. I would go for the new car. Edited February 19, 2021 by Jamesc Link to post Share on other sites More sharing options...
Roh96 6th Gear February 19, 2021 Share February 19, 2021 4 minutes ago, Jamesc said: When you buy a car with low coe you should drive to scrap. But it never works that way because when coe goes up you can sell your car for the same price you bought or even higher after driving for a few years. So you sell and make money and buy a new car at the higher coe. When coe drops again and you work out depreciation of a new car is same as your old car you think why not? Might as well pay the same and get a brand new car with another 10 year coe, full warranty and no need to worry about expensive repairs. Is like endless chase...just keep burning $$. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic February 19, 2021 Share February 19, 2021 Also kids lah. When you young you buy a spot car and say will drive for 10 years until scrap. But condom broke and you get married and have a kid then need to carry a pram so have to buy a bigger car. Haiz. ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
KIA NIRO 2023
KIA NIRO 2023