High COE cars

[ferrytales]

14 hours ago, sHy3r said:

Haha, COE shoot up... and dealer offer me $4k above paper. Motorist.sg offer $6k above paper. 
 

Sell liao, buy also high. 
 

Omg, what should I do? Keep or change? 🤔

should have gotten rid of your high coe car and take the loss, switched to a lower coe car and drive for another 10 years.

either way, you will have to take the loss or just drive it all the way. 

last resort: wait till coe hits 100k then dump your car and go car-less, wait for coe to drop. 

[yellowshaun]

Thank you for contributing to nation building =D

Since Feb until now never pull the trigger, now you sound quite tempted eh!

[aprilfool22]

Car dealers and our PAP patterns same same one

cannot trust what they say

 

[Ct3833]

On 4/23/2021 at 11:35 PM, sHy3r said:

Haha, COE shoot up... and dealer offer me $4k above paper. Motorist.sg offer $6k above paper. 
 

Sell liao, buy also high. 
 

Omg, what should I do? Keep or change? 🤔

If you have enough money to splurge,  just go ahead to buy new car. Think about it,  it is just incremental spend, assuming your original depre 5 months ago was $15k a year, now $17k a year, it is only $2k incremental, not $17k more. But if you feel stretched  with the 2k more, then stay put. Otherwise, like me, I drive COE car happily.😃😃😃

[shrjun]

All those advising selling off a 7 -8 year old car with COE $76k and getting a new car , do they take into account the new bank loan ( I understand that some mcf guys might put full cash down 🤣 ) . So aren't u just trading high depreciation with a new loan.

[Sdf4786k]

33 minutes ago, shrjun said:

All those advising selling off a 7 -8 year old car with COE $76k and getting a new car , do they take into account the new bank loan ( I understand that some mcf guys might put full cash down 🤣 ) . So aren't u just trading high depreciation with a new loan.

Actually some of us here don’t even own cars .. we are students pretending to be adults.., 

😂

but yes , I get your point. The landscape and profile of buyers are different from one to the other.

some buyers have company entitlement benefits to buy car every 5 years.

some have a new kid on the way n need to change up to mpv.

So it’s actually time bound to the needs. And if you need to buy, some times bohpian have to buy. Either the car cronk Liao like money shift or major damage n repairs, need to sell to get rid of the burden. 
 

 

Edited April 25, 2021 by Sdf4786k

[mersaylee]

The thing is when dealers try to sell you an used car with high COE they'll tell you it's actually very good becos you'd get back more when you sell...but when you try to sell one to them they'll say hard to resell one with high COE cos not many would buy...taking in with high risk yada yada...i tink part of the job training is to...with a straight face 😁

[Jamesc]

I say buy when COE is low and sell when COE is high

but then I am a car dealer and what we say cannot be trusted.

So do the opposite lah

Buy when COE is high and sell when COE is low.

Everybody in SG think they very kiang one

but a lot don't know they are not only kiang

they are kay kiang.

[Ho2786]

On ‎2‎/‎18‎/‎2021 at 11:37 PM, sHy3r said:

Dear all,

I need some advice from you guys. 

I am currently driving a 2013 car (2nd owner) with a high COE of $76k. I recently enquire trade in price and was surprise to hear from dealers that they don’t want to take in this car, but they can help me ask exporter price if I want to or drive till end of 10 yrs. (Current car left with 2.5 yrs) Those dealers who willing to quote as trade in, only offer few hundred more than current paper value. 
 

When I purchase the used car in 2017, the dealer told me that high COE is a good buy. Paper is high. But now, there are dealers who don’t want take in this car for resale because the COE is $76k...

Any idea why they don’t want to take in my car for trade in? Is there a reason? How much COE then has resale value in future? Is it a good time to sell my 2013 car now? Or I should keep till scrap?
 

Thank you. 🙂
 

 

wait for 6 more months when coe reach $100k

you can get a good price

[Lotr]

5 hours ago, shrjun said:

All those advising selling off a 7 -8 year old car with COE $76k and getting a new car , do they take into account the new bank loan ( I understand that some mcf guys might put full cash down 🤣 ) . So aren't u just trading high depreciation with a new loan.

In fact, 7-8 year old car depreciation is much lower, might be about 8~10k per year.  A new car depre will more than that. 

But the above has to be weighed against driving a brand new car with warranty and also the likelihood of COE rising with the supply shrinking further which will make changing car much more expensive 1~2 years later

[Lotr]

On 4/23/2021 at 11:35 PM, sHy3r said:

Haha, COE shoot up... and dealer offer me $4k above paper. Motorist.sg offer $6k above paper. 
 

Sell liao, buy also high. 
 

Omg, what should I do? Keep or change? 🤔

maybe you can considering changing to a 1~3 years old car as COE was lower than then?  of course, sellers' will also try to markup 

[Ct3833]

6 hours ago, shrjun said:

All those advising selling off a 7 -8 year old car with COE $76k and getting a new car , do they take into account the new bank loan ( I understand that some mcf guys might put full cash down 🤣 ) . So aren't u just trading high depreciation with a new loan.

One should change his  7-8 years old high coe car  when COE is low, it is not worth doing it now when COE is high.  

[shrjun]

24 minutes ago, Ct3833 said:

One should change his  7-8 years old high coe car  when COE is low, it is not worth doing it now when COE is high.  

But ADs don't move the price with the COE do they.And It's a new loan on a previously paid off depreciating item.

I guess if u want a new car - u get a new car.

Edited April 25, 2021 by shrjun

[Ct3833]

  

30 minutes ago, shrjun said:

But ADs don't move the price with the COE do they.And It's a new loan on a previously paid off depreciating item.

I guess if u want a new car - u get a new car.

Why would AD not move their price? When COE is up  ,they will up their car price for sure. 

[Mkl22]

1 hour ago, shrjun said:

But ADs don't move the price with the COE do they.And It's a new loan on a previously paid off depreciating item.

I guess if u want a new car - u get a new car.

But the car price will still be cheaper with a lower coe. Yes maybe the margins of the AD will be higher in this case. 
or you mean you would rather overall pay more with a higher coe and less margin by AD. In this case, I thank you very much for your contribution to nation building. 😂

[sHy3r]

8 hours ago, Lotr said:

maybe you can considering changing to a 1~3 years old car as COE was lower than then?  of course, sellers' will also try to markup 

Indeed. Was keeping a tab on one of the used car... dealer was not able to sell.. and now coe go up, he mark up another $2k... 

He refused to sell the price before coe went up recently. 
 

imagine he buy in at X amount... then cant sell... then coe went up... he mark up... but refused to sell X amount. 🤦🏻‍♂️
 

dealers are always dealers... 😞

[D3badge]

13 hours ago, shrjun said:

But ADs don't move the price with the COE do they.And It's a new loan on a previously paid off depreciating item.

I guess if u want a new car - u get a new car.

Ok you are likely a student as mention above by others 😂😂😂

[RadX]

34 minutes ago, D3badge said:

Ok you are likely a student as mention above by others 😂😂😂

perfect idealist