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[AL5509]

With coe sliding, just wonder how's pre-owned(2nd hand car)'s market doing.
Still out with a sharp knife?

 

[rizhal]

With coe sliding, just wonder how's pre-owned(2nd hand car)'s market doing.
Still out with a sharp knife?

Lao Sao now

 

[eaton1977]

I rather use 38k to buy Ocbc than buying Coe. I am waiting for 10k or less cat b

 

[batdow]

2nd hand market not affected... different target buyers

 

[HeadQuarters]

Mazda 6 now $110k can get boh huh?

 

[Genesisz]

I will still wait and hold out (even with equity/cash on hand).

The economic climate on a global basis (not just in Singapore and the Asia Pacific region) is not optimistic with recurring news of slow growth, recession, retrenchment, restructuring, etc.

I am not preaching doomsday theories or conspiracies but everything seems volatile and unpredictable.

 

[SBS2716G]

Mazda 6 now $110k can get boh huh?

I got mine 10 years at 80k (COE 9k).

 

[HeadQuarters]

I will still wait and hold out (even with equity/cash on hand).

The economic climate on a global basis (not just in Singapore and the Asia Pacific region) is not optimistic with recurring news of slow growth, recession, retrenchment, restructuring, etc.

I am not preaching doomsday theories or conspiracies but everything seems volatile and unpredictable.

Who knows u might be right.

Big, sexpensive car category got hit liao.

Peasant car category eh peasants cannot see the storm coming yet becoz they believe PAP will block them, no matter how much the peasants complain about them

 

[onegoal]

With coe sliding, just wonder how's pre-owned(2nd hand car)'s market doing.
Still out with a sharp knife?

The knife is still sharp as they want to force buyers to buy new cars. This will keep the demand for new cars strong. And 2nd hand cars will be able to command a high price.

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[chopra]

2nd hand market not affected... different target buyers

Cant b right?

They buy high cat b. Sell low cat b, else who would buy

Sent from ew line is so sloooow using GAGT

 

[Stallone]

My car is due in November 2016. I hope to renew for 10 years at 35k. I think I have a decent chance at 35k this coming November.

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lol eh by Nov u probably gonna get a new car with COE of 20k

why bother renewing

 

[AL5509]

The knife is still sharp as they want to force buyers to buy new cars. This will keep the demand for new cars strong. And 2nd hand cars will be able to command a high price.

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Wow. Just need buyers to do their sum before making purchase.

 

[superman]

lol eh by Nov u probably gonna get a new car with COE of 20k

why bother renewing

Taking into account that PQP and COE is the same, the upfront cost of renewing a coe will always be cheaper than buying a new car because the PARF you lose is less than the ARF you pay.

 

[nomoney25]

The knife is still sharp as they want to force buyers to buy new cars. This will keep the demand for new cars strong. And 2nd hand cars will be able to command a high price.

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If new car is cheaper ( like Coe cost below $30k, considered cheap as compare to 2013 where it cost near 90k). Who will buy used car? Currently there are some Japanese made cars have renewed 5 years when the full 10 years Coe when it was more $60k. Now Coe drop to about $40k. Car owners can just pay their own pqp. Or sell to other interested buyer who would have to takeover the car and renewed on their own.

 

[Stallone]

Taking into account that PQP and COE is the same, the upfront cost of renewing a coe will always be cheaper than buying a new car because the PARF you lose is less than the ARF you pay.

if everything is abt cost ah, then nobody will hoot cars in SG liao, cos it's simply horrendous

nothing beats the feel of a new car

 

[Flex11]

Taking into account that PQP and COE is the same, the upfront cost of renewing a coe will always be cheaper than buying a new car because the PARF you lose is less than the ARF you pay.

If deciding solely based on cost, it is definitely cheaper to renew COE but the desire to try another ride after 10 years is too huge for some..

However renewing COE also means slightly higher road tax per year, worrying about the parts availability, higher possibility of car ending up in workshops for repairs etc..

Can't have best of both worlds

 

[Kula Diamond]

if everything is abt cost ah, then nobody will hoot cars in SG liao, cos it's simply horrendous

nothing beats the feel of a new car

While it is true nothing beats a feel of a new car

Is the same nothing beats the beauty of a old car too

 

[Kula Diamond]

If deciding solely based on cost, it is definitely cheaper to renew COE but the desire to try another ride after 10 years is too huge for some..

However renewing COE also means slightly higher road tax per year, worrying about the parts availability, higher possibility of car ending up in workshops for repairs etc..

Can't have best of both worlds

Usually Pple who renew long term will go for overhaul of their car to make it last

As for part availability , so long is a common car not some uncommon model parts will be around if not how those old car still running around lol

 

[Flex11]

Usually Pple who renew long term will go for overhaul of their car to make it last

As for part availability , so long is a common car not some uncommon model parts will be around if not how those old car still running around lol

Basically depends on the demand. I'm sure most spare parts shop also dont keep much stocks for models that are expiring as they are unsure of the demand so the worry is definitely there..

 

[onegoal]

Usually Pple who renew long term will go for overhaul of their car to make it last

As for part availability , so long is a common car not some uncommon model parts will be around if not how those old car still running around lol

I look at my own car's spec.
6speed auto
2.5litre engine with 211 bhp.
Parf is only $15.5k

The new car in the market is not any better than my current car. I rather renew. Overhaul all the wear and tear parts. And pay higher road tax.

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