Early Renewal COE

[ckh98258]

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.

 

[rambo22]

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

 

[North Tree]

TS COE how much? If alot then renew at 10 years, but then next year dunno PQP how much liao

 

[ckh98258]

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

 

[AL5509]

Why you want to opt to renew earlier?

You forseen next year COE will be higher?

 

[liquidh]

He just wants to hedge his bets. Who knows where COE will end up next year.

 

[tankgunner]

My car coe only less than 1.3K .... Dec 2008

what is the incentive for you to renew earlier?

 

[liquidh]

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.

 

[ckh98258]

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.

 

[liquidh]

Life is too short to worry so much. Sell your 9yo car. Get a new one now or get one with renewed COE.

 

[libertizer]

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.

 

[iphone88]

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?

 

[Antz621]

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？

 

[trento]

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

 

[ralliart_ray]

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

 

[AL5509]

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.

So to say, you feel it is low now?
Gosh that is why the demamd is still pretty strong now, well...

Beside that point as many mentioned, many will drive til the 10th year and see how, not only on the COE then but how your car's condition will be and is there a better car(brand new or pre-owned) out there worth for your consideration to really decide to buy another car and scrap your current or just to renew it.

At the end of the day, just trying to stretch the dollar to make any purchase more worthy.
But beside that, if you feel it is a good time and price to renew, go ahead.

Guess your current ride was bought at 2008 when COE was pretty low hence rebate is low. If to forgo your parf earlier seem fine too(since you plan to renew; thou your dep calculate to be slightly higher);

JUST DO IT.

As nobody now can tell you what will 2018's COE price be.

 

[North Tree]

he wont lose his PARF at 9th year, only at end of 10th year even if he renew

PARF will be gone once car COE is renewed.

 

[ralliart_ray]

PARF will be gone once car COE is renewed.

Peferential Additional Registration Fee (PARF) Rebate
The PARF rebate is computed based on the age of the car at deregistration. The age of the car is computed from the date of its registration (locally or overseas, whichever is earlier).
The table below list the applicable PARF rebate based on the age of the car at deregistration:
Age at Deregistration PARF Rebate

Not exceeding 5 years 75% of ARF paid
Above 5 but not exceeding 6 years 70% of ARF paid
Above 6 but not exceeding 7 years 65% of ARF paid
Above 7 but not exceeding 8 years 60% of ARF paid
Above 8 but not exceeding 9 years 55% of ARF paid
Above 9 but not exceeding 10 years 50% of ARF paid
Above 10 years Nil

 

[AL5509]

he wont lose his PARF at 9th year, only at end of 10th year even if he renew

Kindly dont misled readers.

Go call LTA parf will confirmed be gone once renewed.
101% plus chop.

 

[walkofwinners]

he wont lose his PARF at 9th year, only at end of 10th year even if he renew

Lol fake news!