COE Car?

[mcferrari]

Just want to ask is Admin fee of 1k standard amt for engaging car dealer to loan and convert opc to normal after 10 yrs. Thnks

 

[trento]

Just want to ask is Admin fee of 1k standard amt for engaging car dealer to loan and convert opc to normal after 10 yrs. Thnks

No. Can be as low as 300. In fact i usually hear ard 500

 

[colin03]

Just want to ask is Admin fee of 1k standard amt for engaging car dealer to loan and convert opc to normal after 10 yrs. Thnks

The admin can be neg.
Ave is about 300-800.
It think is based on car price and loan amount.
There is no standard value in the market.
Therefore bargain if you are really keen on the purchase.

 

[duststorm]

really appreciate all of your input. just wondering. all of you are saying don't buy COE car? but people are still buying them. my colleague husband bought a volkswagen 5 year COE car. she told me no problem at all. and was cheap.

lets look at this car. it's a honda stream 5 year new COE. it says that this dealer has a premium dealer 2019 award. and it will cover 2 years warranty for engine and gearbox. and it has sold 81 cars with 37 cars available. please share your honest opinion so that my fiance and i can make a decision whether to get a COE car or a new car. thanks.
https://www.sgcarmart.com/used_cars/info.php?ID=802477&DL=1194

Looking at stream as well.. worried about all the negative feedback on COE cars.. I’m a first time buyer

 

[Asure7]

Just don't think of the car price (COE cars) as the final cost.
Prepare a few Ks for repair/maintenance... it will come sooner or later given the age. Water pump, engine mountings etc.

I will avoid CVT gearboxes even if it's a Japanese make though.

 

[Marcus Rashford]

Just don't think of the car price (COE cars) as the final cost.
Prepare a few Ks for repair/maintenance... it will come sooner or later given the age. Water pump, engine mountings etc.

I will avoid CVT gearboxes even if it's a Japanese make though.

Which Japanese make using CVT gearbox you would avoid?

 

[liquidh]

Just take care of it. Change CVT fluid and filter every 30,000km. Don’t accelerate hard from stop. Come to complete stop before you reverse. It should last a long time.

Just don't think of the car price (COE cars) as the final cost.
Prepare a few Ks for repair/maintenance... it will come sooner or later given the age. Water pump, engine mountings etc.

I will avoid CVT gearboxes even if it's a Japanese make though.

 

[xtractor]

Just don't think of the car price (COE cars) as the final cost.
Prepare a few Ks for repair/maintenance... it will come sooner or later given the age. Water pump, engine mountings etc.

I will avoid CVT gearboxes even if it's a Japanese make though.

unless u got like my car milage then can consider

 

[trento]

Which Japanese make using CVT gearbox you would avoid?

none. all the same more or less. it's a few k to repair i heard. usually no one replaces it cos it's very expensive. at most they repair. anyone repaired before?

 

[weeza77]

none. all the same more or less. it's a few k to repair i heard. usually no one replaces it cos it's very expensive. at most they repair. anyone repaired before?

My friend's Toyota Allion CVT gave way around 100k/8 year mark. Repair cost almost $3k. This is with him putting the gear to neutral when stopping at every traffic junction.

 

[liquidh]

There’s a school of thought that says not to shift to N everytime you stop at traffic light.

My friend's Toyota Allion CVT gave way around 100k/8 year mark. Repair cost almost $3k. This is with him putting the gear to neutral when stopping at every traffic junction.

 

[Marcus Rashford]

There’s a school of thought that says not to shift to N everytime you stop at traffic light.

Then put where? p?

 

[liquidh]

Keep it at Drive. Neutral only when you are stopping for extended time, not 1-2 mins at traffic lights.

 

[zzt231]

Just don't think of the car price (COE cars) as the final cost.
Prepare a few Ks for repair/maintenance... it will come sooner or later given the age. Water pump, engine mountings etc.

I will avoid CVT gearboxes even if it's a Japanese make though.

I have a latio cvt in 2007 drive 5 years with 250k km.

250k km only change 1 time cvt oil lol.

V good car.

Sent from Xiaomi MI 6 using GAGT

 

[myviowner]

I have a latio cvt in 2007 drive 5 years with 250k km.

250k km only change 1 time cvt oil lol.

V good car.

Sent from Xiaomi MI 6 using GAGT

Just don't think of the car price (COE cars) as the final cost.
Prepare a few Ks for repair/maintenance... it will come sooner or later given the age. Water pump, engine mountings etc.

I will avoid CVT gearboxes even if it's a Japanese make though.

Any rides that ages, also the parts will start to give way too... This is norm mah for any rides.

Again, life span of parts/ system also depends on how well it has been taken care of lor.

 

[safedriver76]

There is something I don't quite understand, and hope bros/sis can shed some light on this. Technically speaking, for COE cars, the only value left is the COE value, as cars after 10 years, there are no more PARF value. Also if we talk about scrapping, the value will be max just few thousand. However, I realised that all the used cars are sold at different values. Granted that the COE PQP is different at times, but COE cars can still cost hundreds of thousand, which doesn't seem to make any sense. Did I miss out anything here?

 

[colin03]

There is something I don't quite understand, and hope bros/sis can shed some light on this. Technically speaking, for COE cars, the only value left is the COE value, as cars after 10 years, there are no more PARF value. Also if we talk about scrapping, the value will be max just few thousand. However, I realised that all the used cars are sold at different values. Granted that the COE PQP is different at times, but COE cars can still cost hundreds of thousand, which doesn't seem to make any sense. Did I miss out anything here?

Hi Bro,


COE car does not sell you at the renew coe price as they want to make a profit out of it. Plus the car body value plus the branding of the car model too.


Unless you can find a direct owner which you will save a couple of thousands if you renew the coe yourself.

 

[colin03]

Cause all trying to earn some money or reduce their losses from the forgone parf. Dealers need to pay for shop rental, operating expenses as well. Simple business concept, a car for example costs 10k to produce but why companies mark it up to 30k to sell? Who the hell will sell at cost price.

If the car is rare like evo then it still commands a premium cause it's either no longer in production and caters to a niche group of buyers. Same for luxury cars like is250/mercs, Coe renewed ones are still cheaper than buying brand new.

If you are looking at b&b cars like avante/altis/vios/jazz/fit which are very common for Coe renewed cars, my take is dont over pay even though the low depreciation is attractive. Personally, I will only offer to buy max 3k above scrap value and tell the seller take it or leave it. Otherwise, he can continue hugging the car. I saw an avante with 83k mileage and renewing Coe trying to sell at a premium, till now still selling.

Absolute TRUE - 3K is the max (must be good condition) else 1.5 to 2K as you need an amount for 1st round of preventative maintenance after you purchase.

 

[peterchan75]

If you are first time car buyer, it's best to get a new car or less than 5 years. Dealing with car workshop is another experience by itself. Other than service, pump petrol, changing tyres and battery, things such as alternators, aircon, power widow, suspension problems, etc will start to crop up. Some workshops will give a long laundry list of repair.

 

[eriolmoon2008]

Cause all trying to earn some money or reduce their losses from the forgone parf. Dealers need to pay for shop rental, operating expenses as well. Simple business concept, a car for example costs 10k to produce but why companies mark it up to 30k to sell? Who the hell will sell at cost price.

If the car is rare like evo then it still commands a premium cause it's either no longer in production and caters to a niche group of buyers. Same for luxury cars like is250/mercs, Coe renewed ones are still cheaper than buying brand new.

If you are looking at b&b cars like avante/altis/vios/jazz/fit which are very common for Coe renewed cars, my take is dont over pay even though the low depreciation is attractive. Personally, I will only offer to buy max 3k above scrap value and tell the seller take it or leave it. Otherwise, he can continue hugging the car. I saw an avante with 83k mileage and renewing Coe trying to sell at a premium, till now still selling.

Alot second hand car sitting collect car