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Am thinking of getting another secondhand car which is a parallel import. Does anyone know if it can be sold and exported out after 10years of COE? I dont think i will renew COE for this one. Thanks

OK if most of you have followed this forum, a forummer has been to some African country and found our cars there being sold as 2nd hand cars. I just talked to someone who has some insider knowledge. Some PIs are engaged in this export business and I believe they have literally a Golden Goose. You see, most of them offer "paper value" for our cars. So they actually take in these cars at no cost at all. Yes, you read it. No cost to them. Toyotas and Nissans are highly sought after for this reason. They then fork out money to ship the cars to these impoverished places like Sri Lanka or Botswana at around SGD600 per car. Yes, it costs that little. When they finally arrive at the country, our used cars are sold at USD10,000 per car. In Sri Lanka it is USD10,000 because like us, they put a 3yr cap on used cars so most of the recent upgraders who gave up their SD plated cars will be there. Older > 3yrs cars end up in places like Africa because they don't have this cap. Usually cheaper but they still earn profit of up to thousands of percent. Remember, the car is obtained from stupid upgraders like us for free. They made close 10,000% profit. BTW, it is not BM or other AD who does this. ADs who take in your car usually have a tie up with some exporter (usually a PI, I'm not giving names) to receive your old car. BM makes no money out of this but the amount of money the exporter makes is outrageous thanks to our cars' artificial lifespan imposed by the gahment. Yes, all of you go ahead, use the most expensive synthetic oil, pump RON98 when your car doesn't need it or service it for any slight noise that does not affect performance but just annoys you. Now, if anything in my car annoys me, I'll just kick or hammer the part.