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Old 02-07-2017, 04:04 PM   #1966
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Yup. I think at my pay bracket, it will be tight monthly despite the coy car allowance.

Maybe a year later ba.
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Old 03-07-2017, 10:26 AM   #1967
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That will be a better choice.

When u are ready to fork out about 1.2-1.3k per month for car expenses (provided you have a considerable amount of downpayment) without making much sacrifices in your current lifestyle... you can start exploring.
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Old 12-07-2017, 08:27 AM   #1968
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COE will go higher to 50k zone or lower to 30k zone any suggestion?
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Old 12-07-2017, 09:04 PM   #1969
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such a noob here and would appreciate all brothers to help me to see if i should renew COE.

My dad's car is a Toyota Vios 1.5L
Expiring this Nov 2017.

This car hardly use at all during its 6-8.5 years of life. only past 2 years recently every day drove.

We dont know whether to renew or there are better options.

basically take home combined between my wife and I around $6K

we have an infant and also house loan $1100 per month.

Service, pump petrol, all done in JB, almost every week go in once. never pump in SG

I really dont know how to calculate, as I never buy car before, afterall is my dad settled everything. Appreciate all brothers' feedback, I wana learn. =)

Last edited by ~WindzStriker~; 12-07-2017 at 09:06 PM..
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Old 13-07-2017, 03:09 PM   #1970
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such a noob here and would appreciate all brothers to help me to see if i should renew COE.

My dad's car is a Toyota Vios 1.5L
Expiring this Nov 2017.

This car hardly use at all during its 6-8.5 years of life. only past 2 years recently every day drove.

We dont know whether to renew or there are better options.

basically take home combined between my wife and I around $6K

we have an infant and also house loan $1100 per month.

Service, pump petrol, all done in JB, almost every week go in once. never pump in SG

I really dont know how to calculate, as I never buy car before, afterall is my dad settled everything. Appreciate all brothers' feedback, I wana learn. =)
If the car is in good condition, renewing is definitely the cheapest option.
However, you need to pay the PQP in full cash.

Toyota vios is a problem free car. Great for coe renewal too as you will not lose too much a parf value as the car have a low OMV to begin with.

The current Cat A PQP is about $48k. If you are able to fork out this sum without causing too much hurt to your pocket, it will be good to have this car renewed for another 10 years as the renewal can only be done once. Should you decide to change the car before the 10 years is up, you can get back the pro-rated COE rebate. If you choose to renew for 5 years, the car must be scrapped when the COE is due.

Monthly Expenses:

Installment $0

Road Tax = $684/12 = $57

Season Parking = $120

Insurance = $1,800/12 = $150 (Assumption)

Petrol = $120 (Since u pump in JB)

Cashcard/Coupon = $150 (Including tolls incurred for ur JB trips)

Tyre = $20 (Assume you change tyre and do alignment every 18 months, each tyre about $70)

Servicing Maintenance $50 (Do set aside ample sum for replacements due to wear and tear, especially for used car)

Total Running Cost $667 per month
Factoring in the $48,000 for the 10 year coe renewal...monthly is about $400
Total Cost of Car Ownership $1067

Hope this gives u a rough idea.
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Old 13-07-2017, 05:25 PM   #1971
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If the car is in good condition, renewing is definitely the cheapest option.
However, you need to pay the PQP in full cash.

Toyota vios is a problem free car. Great for coe renewal too as you will not lose too much a parf value as the car have a low OMV to begin with.

The current Cat A PQP is about $48k. If you are able to fork out this sum without causing too much hurt to your pocket, it will be good to have this car renewed for another 10 years as the renewal can only be done once. Should you decide to change the car before the 10 years is up, you can get back the pro-rated COE rebate. If you choose to renew for 5 years, the car must be scrapped when the COE is due.

Monthly Expenses:

Installment $0

Road Tax = $684/12 = $57

Season Parking = $120

Insurance = $1,800/12 = $150 (Assumption)

Petrol = $120 (Since u pump in JB)

Cashcard/Coupon = $150 (Including tolls incurred for ur JB trips)

Tyre = $20 (Assume you change tyre and do alignment every 18 months, each tyre about $70)

Servicing Maintenance $50 (Do set aside ample sum for replacements due to wear and tear, especially for used car)

Total Running Cost $667 per month
Factoring in the $48,000 for the 10 year coe renewal...monthly is about $400
Total Cost of Car Ownership $1067

Hope this gives u a rough idea.
Good estimation, I guess you must factor in the additional road tax. It should not be over $1200 per month.
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Old 13-07-2017, 10:35 PM   #1972
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Good estimation, I guess you must factor in the additional road tax. It should not be over $1200 per month.
Oh ya I forgotten about the road tax surcharge.
So base on $684

Upon renewal
More than 10 years 10% > 752.40 per yr 62.7per mth

More than 11 years 20% > 820.80 per yr 68.4per mth

More than 12 years 30% > 889.20 per yr 74.1per mth

More than 13 years 40% > 957.60 per yr 79.8per mth

More than 14 years 50%> 1026.00 per yr 85.5per mth


Still affordable lah imo.
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Old 17-07-2017, 12:21 AM   #1973
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such a noob here and would appreciate all brothers to help me to see if i should renew COE.

My dad's car is a Toyota Vios 1.5L
Expiring this Nov 2017.

This car hardly use at all during its 6-8.5 years of life. only past 2 years recently every day drove.

We dont know whether to renew or there are better options.

basically take home combined between my wife and I around $6K

we have an infant and also house loan $1100 per month.

Service, pump petrol, all done in JB, almost every week go in once. never pump in SG

I really dont know how to calculate, as I never buy car before, afterall is my dad settled everything. Appreciate all brothers' feedback, I wana learn. =)
Vios may be a hardy car to last you another 10 years, but it's definitely not among the safest on the road. 2 air bags, no VSC, dated crash standard from last decade. It's almost certain that you would be on the receiving end of it when hitting/hit by a new car.
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Old 18-07-2017, 11:31 PM   #1974
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Rent cheaper

Compact/ hatchback 330/week
Honda fit
Nissan latio hatchback
Honda edix
Mazda 2
Suzuki swift
Suzuki sx4

Mid size Sedans 350/week
Toyota vios
Toyota allion
Toyota axio
Hyundai avante
Lancer glx
Nissan latio
Nissan sylphy

Normal sedans 380/week
Toyota altis
Honda civic
Lancer ex

Large sedans 400/week
Toyota camry
Honda accord
Lancer ex 2.0

Mpv 450/week
Toyota wish
Honda stream rsz
Toyota estima
Honda oddysey

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