Is it better to buy or lease a car now given high COE prices??

[N4E.SI]

Any market expert can advice?

Given the high COE prices now and I have a need for a family car for the next 2-3 years

 

[nachtsid.er]

Buyed second hand boring Toyota

 

[havoc23]

buy...

 

[Unic0rn]

Any market expert can advice?

Given the high COE prices now and I have a need for a family car for the next 2-3 years

I have a need for a family car too for the next 4 to 6 years! I’m looking at Toyota Camry 2.5L but quite attractive to BMW 3 series

 

[N4E.SI]

I have a need for a family car too for the next 4 to 6 years! I’m looking at Toyota Camry 2.5L but quite attractive to BMW 3 series

Personally think Camry 2.5L better for family

BMW 3 maybe for young couples

 

[Unic0rn]

Any market expert can advice?

Given the high COE prices now and I have a need for a family car for the next 2-3 years

Bro the BMW 318i is S$288,888 now super good deal!

 

[Unic0rn]

Personally think Camry 2.5L better for family

BMW 3 maybe for young couples

yes but wait you see BMW 3 there inside the drive woah

 

[jiakliaobee charsiew]

edmwers need car do what?

 

[N4E.SI]

I am curious anyone here is leasing a car instead of buying?

What are the pros and cons

 

[mgx-alander]

If moi need bai cat now.. i will get hyundai or toyota

But.. i dun need.. no gf no wife hardly go out go office only twice a week

Save moolah hehe

 

[N4E.SI]

edmwers need car do what?

Fetch parents to medical appointment, run errands, go office

Save a lot of time and hassle compared to waiting for public transport

 

[mcylo]

edmwers need car do what?

Do grab

 

[Unic0rn]

edmwers need car do what?

everyday need to go to work?

 

[tayez80]

Won't leasing be more expensive than buying a car?

 

[HYHY123]

Don’t support leasing companies la.. u lease they profit . Buy up more cars and coe quota. New entrants to profitable business, in future harder to own cars

 

[Emperor_Hippo]

Any market expert can advice?

Given the high COE prices now and I have a need for a family car for the next 2-3 years

- Short term (below 1yr), low usage (under 10,000km/yr) = lease
- Even shorter term (below 6mths), low usage = car sharing
- Long term (anything more than 1yr), Unpredictable usage, famcar, long distance (more than 10,000km/yr) = buy COE car
- Long term, unpredictable usage, 30% of pay can cover car opex cost easily, can tank 40% of downpayment, famcar, long distance (more than 10,000km/yr) = buy brand new

 

[gnoes85]

Definitely not affordable for you, save the money by taking grab/taxi

 

[batdow]

buy as many as you can now. resell for profit easily since new cars going to be more expensive due to tariff

 

[Emperor_Hippo]

Fetch parents to medical appointment, run errands, go office

Save a lot of time and hassle compared to waiting for public transport

Other than "go office", what is the frequency of the previous 2 like?

got kids? They go childcare? How often they fall sick? Who's the primary caregiver - u or ur wife?

 

[sglandscape]

Best is buy new, pay in cash in full if you can afford it, it'll give you the cheapest cost per year.

You take loan, 4% interest cost on the 60% you loan.

You take lease 14-15% effective interest cost, but then you don't need worry about road tax, insurance and maintenance.

Pick your own poison based on your cashflow.