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[newbie qn] changing car

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Old 19-03-2020, 08:44 PM   #1
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[newbie qn] changing car

How do u settle the old car for disposal?

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Last edited by hawthorne; 31-03-2020 at 11:17 AM..
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Old 19-03-2020, 08:58 PM   #2
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what is your new car and what is your old car?
usually trade in old car and drive home new car

edmwers damn sart kee all high celery and can afford new cars
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Old 19-03-2020, 09:10 PM   #3
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If i not mistaken... coe car only worth car body value...
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Old 19-03-2020, 09:13 PM   #4
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New cars may require trade in to enjoy a better price.

So just know what car you want first before actually considering to scrap it.
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Old 19-03-2020, 09:40 PM   #5
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Drive to where you will pick up the new car.

Transfer all your barang-barang.

Sign/receive relevant documents.

Drive away in new car.

Disposal/deregistration will be handled by the AD's staff?
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Old 19-03-2020, 10:49 PM   #6
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Just go to the new car dealer and ask them to quote u trade in value for your current car. Some ADs give loyalty discount. For example if your current car is also from the same AD, AD might give maybe $1k discount for your new car.
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Old 20-03-2020, 08:21 AM   #7
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No.. if u trade in your old car to AD they will use e trade in amt tat was agreed with you n offset against the new car purchase price..

Lta wun give u anything back.. subsequent events is non of your prob anymore since e AD took in ur old car. they will jus settled it

Thanks. So after deregister, LTA will pay me the PARF and balance COE back?

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Old 20-03-2020, 08:48 AM   #8
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Depends on the new car Ad you getting

Some will need a trade in over trade or something
Else more expensive .


Is it a parf or first 10 years .
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Old 20-03-2020, 09:14 AM   #9
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Depending on the exactly age of your car, the coe balance may be very minimal. If you trade in, dealer will take in at dereg value. If you ownself scrap outside maybe can get a few bucks out of the coe balance and scrap metal value.

I’d say if you are prepare to scrap your current car, just trade in with dealer and get them to offset your new car price. Much less hassle and and one to one exchange car some more.
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Old 20-03-2020, 09:19 AM   #10
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Which AD u r looking at? Cannot really based on website.. u need go to their showroom n talk to e SE and get more details of their terms n conditions.

You can use onemotoring site (https://vrl.lta.gov.sg/lta/vrl/actio...ateBeforeDeReg) to calculate e amount you can take back when u dereg your car. Since u still have loan, have u call e bank if there is any penalty? And also rule 78.

Not sure ur qn. My car is almost 10 years old. So if my understanding is correct, I should be able to get back my parf and balance COE when I scrap right?

The price listed on the AD website is for no cars to trade in I assume

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Old 20-03-2020, 10:15 AM   #11
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From the beginning, just choose what new car you want to buy. Listen on what you have to do to get that car. You will probably go for trade in deal instead of having 2 cars, which you probably won't use 2, or pay more for a new car without trading in, or the hassle to scrap it yourself later for just a little bit more.

Of course, you have to see if you have penalty for redeeming your loan earlier. Even if it's just a few months earlier.
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Old 20-03-2020, 10:23 AM   #12
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Ok. Since my car is reaching 10 years soon, and it's not a Conti car. So I dun expect it to have any trade in value. Not sure if it's still true.

Let's say my car has no trade in value, would it be prudent to hold on to the old car and scrap when the COE expires? (i.e. I would have 2 cars for the period of, say 6 months)

Cos I calculated, I would have lost 2K if I go and scrap the now. (Exisiting loan - parf and coe).

Holding on to the old car (with parking, road tax, etc ) will cos ard 2K also

Thanks all for the advice

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u be surprised. many dealers will take your car for renewal if popular model and good condition. Don't just pass it to the new car dealer if he is offering you jus scrap value.
the foc way is advertise your car on carousell and let the dealers call you to offer. then u have a better idea your car value. if price good, arrange handover 1-2 days before new car collection. they pay cheque or cash up to u.
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Old 20-03-2020, 10:33 AM   #13
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Sell to AD sure low price. I managed ask for $2K more and was overall pleased so I let go. Currently trying to sell my existing car myself.
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Old 20-03-2020, 10:45 AM   #14
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If it is a parf car.you can sell on your own.If you give to the dealer,they will lowball you and then resell to other people.If it is a COE car and if you give to the dealer,they will give you your paper value back.Benefit is you get ease of transferring.

Alternatively,you can contact people who does scrap,they can give you paper plus a bit of money .

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Old 20-03-2020, 10:56 AM   #15
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u be surprised. many dealers will take your car for renewal if popular model and good condition. Don't just pass it to the new car dealer if he is offering you jus scrap value.
the foc way is advertise your car on carousell and let the dealers call you to offer. then u have a better idea your car value. if price good, arrange handover 1-2 days before new car collection. they pay cheque or cash up to u.
Don't need this way. Must take photo and upload some more. Make a few calls and they will get back to you with a quote. If gam, they come straight to your door step.

Ok. Since my car is reaching 10 years soon, and it's not a Conti car. So I dun expect it to have any trade in value. Not sure if it's still true.

Let's say my car has no trade in value, would it be prudent to hold on to the old car and scrap when the COE expires? (i.e. I would have 2 cars for the period of, say 6 months)

Cos I calculated, I would have lost 2K if I go and scrap the now. (Exisiting loan - parf and coe).

Holding on to the old car (with parking, road tax, etc ) will cos ard 2K also

Thanks all for the advice

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In FB, there are alot of these dealers whom looking to buy PARF/ COE cars. Get a few contacts and compare.
They come to your doorstep to do all the paper works. $$ transfer to your account immediately. Transfer your barang barang out of the car, pass them the car keys. Thats it. Did this way and got extra 1.5k from trade in value offered by AD.

Last edited by myviowner; 20-03-2020 at 10:58 AM..
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