Expiring Feb 2020. May $27,886 seem to be a good pricing. i am wondering if the drop in CAT A to 27,000 this month will affect my PQP for the next few months.
assuming you paid 20k in feb 2010 for your current car
the value of your coe right now is around 1.5k for another 9 months before feb 2020 expiry
if you renew today. you pay 27866 for another 10 years or 13933 for 5. and forfeit your 9 months. Means coe start tomorrow last 10 or 5 years depending on what u buy.
if u wait till june then buy. pqp will be 29838(10 years) or 14919(5 years)
i think it depends on whether u want to renew 5 or 10 years. if you want to risk and wait for the next month coe bidding exercise and see if the price increases or not. If increase alot then just renew next month. Worst case u lugi 2k if u renew 10 years.
that being said. if coe continues to go down. It might be better getting a new car instead of renewing your current car because PQP will most likely range around the 30k mark due to the april 33k 37k coe at least for the next 3 months