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COE Bidding - March 2024

Carbon82

By Carbon82,
in General Car Discussion

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Ct3833

Ct3833

Supersonic
(edited)
On 4/17/2024 at 1:40 PM, L23 said:

When u change car, u not only paying the extra for the parts and warranty... Most of the money goes into 'renewing' the COE.

When you change car, you pay for high ARF, huge deaer profit, excise tax etc. 

Renew COE is the best, write off PARF which only 50% of ARF, much lower dealer margin, no excise tax. 🤣

Want to talk about saving then better dont buy new car, want to buy new car  then must have no fear of all the mentioned.

Edited by Ct3833
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Battledome64

Battledome64

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On 4/17/2024 at 7:09 PM, Ct3833 said:

When you change car, you pay for high ARF, huge deaer profit, excise tax etc. 

Renew COE is the best, write off PARF which only 50% of ARF, much lower dealer margin, no excise tax. 🤣

Want to talk about saving then better dont buy new car, want to buy new car  then must have no fear of all the mentioned.

When you buy a new car you can always sell the car in 2-3 years at the prorated price of brand new. Anytime you want out, just sell at brand new pro-rated price. 
 

heck, you could even trade up into something better by topping up a bit after a few years. 

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Ct3833

Ct3833

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On 4/17/2024 at 4:05 PM, 13177 said:

Surprisingly Cat B only increased $600 plus?! Not many people buy Cat B at car expo? Cat A increased $5k, consider predictable surge. 😂 

No surprise,  there was once COE for  B&B  car was higher than COE for Ferrari. 

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Ct3833

Ct3833

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On 4/17/2024 at 1:42 PM, metalstream said:

And you also pay the taxes all over again from scratch. 

And also paying installment all over again if you are not a MCFer, of course  MCFers will buy cash amd carry. 

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Mkl22

Mkl22

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On 4/17/2024 at 7:09 PM, Ct3833 said:

When you change car, you pay for high ARF, huge deaer profit, excise tax etc. 

Renew COE is the best, write off PARF which only 50% of ARF, much lower dealer margin, no excise tax. 🤣

Want to talk about saving then better dont buy new car, want to buy new car  then must have no fear of all the mentioned.

Aiyah…. Why you “teach” then we will have less contributors to nation building everyone renews. 

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13177

13177

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On 4/17/2024 at 11:02 PM, metalstream said:

But you will forever be in debt to service the car loan 

If want to keep owning a car, sure need to forever be in debt on car loan. 

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Rskc

Rskc

5th Gear
On 4/18/2024 at 6:39 AM, 13177 said:

If want to keep owning a car, sure need to forever be in debt on car loan. 

You are assuming everyone needs to do 5/7 years loan. 😂 Not everyone needs to do that. 

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BanCoe

BanCoe

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I just renewed my car COE paying PQP premium about $98k for Lexus ….. Enjin is so far kinda trouble free and quite reasonable/ reliable to maintain

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13177

13177

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(edited)
On 4/18/2024 at 7:33 AM, BanCoe said:

I just renewed my car COE paying PQP premium about $98k for Lexus ….. Enjin is so far kinda trouble free and quite reasonable/ reliable to maintain

Paying $98k still cheaper than buying another car. Lexus is toyota lo, likely trouble free and reliable. 😂

Got bank loan on COE PQP? Asking for friend.

Edited by 13177
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BanCoe

BanCoe

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On 4/18/2024 at 8:16 AM, 13177 said:

Paying $98k still cheaper than buying another car. Lexus is toyota lo, likely trouble free and reliable. 😂

Got bank loan on COE PQP? Asking for friend.

Dunno leh ……. I did see there were when I goggled pay PQP  and a few did pop up way before LTA or one motoring one popped up ……. Here MCF religion is “pay full cash 1 “ 🤪😇🤣……. Not I say 1 

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Ct3833

Ct3833

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On 4/17/2024 at 11:19 PM, Mkl22 said:

Aiyah…. Why you “teach” then we will have less contributors to nation building everyone renews. 

Who am I to qaulify to teach, I am trying to learn how to flip car and money from time to time, i start with flipping COE car first😄

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Ct3833

Ct3833

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(edited)
On 4/18/2024 at 7:33 AM, BanCoe said:

I just renewed my car COE paying PQP premium about $98k for Lexus ….. Enjin is so far kinda trouble free and quite reasonable/ reliable to maintain

Wise move, after a few years if you decide to get rid of the car, worst case you will still have good balance coe to get back.

My two COE cars are both 15 year old now, so far no regrets.  Recently trying to change one to a 8 year old w213 so that in 2 years time can hopefully start my COE renewal jourbey but wife said dont backside itchy. 

The altis now mileage at 348die,die,die, gearbox started to leak oil, time to service gearbox. Still very cheap....cheapo i mean.🤣

 

20240417_183554.jpg

Edited by Ct3833
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13177

13177

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On 4/18/2024 at 9:41 AM, Ct3833 said:

My two COE cars are both 15 year old now, so far no regrets.  Recently trying to change one to a 8 year old w213 so that in 2 years time can hopefully start my COE renewal cycle but wife said dont backside itchy. 

The altis now mileage at 348die,die,die, gearbox started to leak oil, time to service gearbox. Still very cheap....cheapo i mean.🤣

 

20240417_183554.jpg

Both your cars still have option to continue to renew coe once reached 10th year right?

Thought toyota quality not bad? 15 year old gearbox leak oil liao? But toyota car parts quite cheap, even change should not be a big issue.

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BanCoe

BanCoe

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On 4/18/2024 at 9:41 AM, Ct3833 said:

Wise move, after a few years if you decide to get rid of the car, worst case you will still have good balance coe to get back.

My two COE cars are both 15 year old now, so far no regrets.  Recently trying to change one to a 8 year old w213 so that in 2 years time can hopefully start my COE renewal jourbey but wife said dont backside itchy. 

The altis now mileage at 348die,die,die, gearbox started to leak oil, time to service gearbox. Still very cheap....cheapo i mean.🤣

 

20240417_183554.jpg

My friends Vios is reaching year 15 this year …mileage is 250k ++.car is still very good condition and drive able but unfortunately he did only 5 years PQP only ……. so mati mati have to scrap 

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Ct3833

Ct3833

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On 4/18/2024 at 9:52 AM, BanCoe said:

My friends Vios is reaching year 15 this year …mileage is 250k ++.car is still very good condition and drive able but unfortunately he did only 5 years PQP only ……. so mati mati have to scrap 

Wah what a  waste , fortunately the Parf for vios  is less than 10k like my altis, so it is still fine to write off over 5 years. 

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