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Old 06-12-2017, 06:17 PM   #1
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Early Renewal COE

My car now exactly 9 yrs old this month and I'm wondering whether I can opt for early renewal for another 10 yrs now.

Have never renew coe before so totally got no clue where should I start off from.

Needs you guys valuable input .. thanks in advance.
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Old 06-12-2017, 06:29 PM   #2
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if u renew now u will lose 12 month of depreciation

if 1 month depreciation is 800

u will lose 9600 straightaway

if i were u i will drive till the end of 10 years and then decide
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Old 06-12-2017, 07:55 PM   #3
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TS COE how much? If alot then renew at 10 years, but then next year dunno PQP how much liao
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Old 06-12-2017, 08:02 PM   #4
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TS COE how much? If alot then renew at 10 years, but then next year dunno PQP how much liao
My car coe only less than 1.3K .... Dec 2008
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Old 06-12-2017, 08:35 PM   #5
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Why you want to opt to renew earlier?

You forseen next year COE will be higher?
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Old 06-12-2017, 08:42 PM   #6
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He just wants to hedge his bets. Who knows where COE will end up next year.
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Old 06-12-2017, 08:42 PM   #7
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My car coe only less than 1.3K .... Dec 2008
what is the incentive for you to renew earlier?
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Old 06-12-2017, 08:43 PM   #8
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Go out there and buy a similar model car that has COE renewed, and trade in yours, if you are so worried. But honestly, I won't do that if I were you.

My car now exactly 9 yrs old this month and I'm wondering whether I can opt for early renewal for another 10 yrs now.

Have never renew coe before so totally got no clue where should I start off from.

Needs you guys valuable input .. thanks in advance.
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Old 06-12-2017, 09:24 PM   #9
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He just wants to hedge his bets. Who knows where COE will end up next year.
what is the incentive for you to renew earlier?
Why you want to opt to renew earlier?

You forseen next year COE will be higher?
Yes, we won't know whether coe will shoot up again to sky high figures again. If end next year close to 100K then it will be even tougher for me to renew.
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Old 06-12-2017, 10:32 PM   #10
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Life is too short to worry so much. Sell your 9yo car. Get a new one now or get one with renewed COE.
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Old 06-12-2017, 10:46 PM   #11
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just monitor lor, renew COE is based on PQP mah, that means an average of 3 months COE price. Even if COE increases, the change will not be so drastic.
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Old 06-12-2017, 11:16 PM   #12
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My car now exactly 9 yrs old this month and I'm wondering whether I can opt for early renewal for another 10 yrs now.

Have never renew coe before so totally got no clue where should I start off from.

Needs you guys valuable input .. thanks in advance.
if you renew, u will lose ur parf value.
How much ur car part value?
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Old 06-12-2017, 11:25 PM   #13
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Yes, we won't know whether coe will shoot up again to sky high figures again. If end next year close to 100K then it will be even tougher for me to renew.
Why or what makes you feel that it might hit 100K next year?


什么因素?
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Old 06-12-2017, 11:46 PM   #14
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if i were u, i just hold till scrap. if coe high, i take the parf and buy a used car or a renewed coe car. no point renewing now as either way, no one knows the future coe price
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Old 07-12-2017, 12:02 AM   #15
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if you renew, u will lose ur parf value.
How much ur car part value?
he wont lose his PARF at 9th year, only at end of 10th year even if he renew
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