thoughts on scrapping

[LoUsyGamER]

thanks bro, yes i was looking at attrage.. haha, i just need point A to B car,

will move to blueSG, but car-sharing and owning one is very different in terms of convenience.

Remember to read the tnc for car sharing. Giving away 5k is not cheap for many.

 

[LoUsyGamER]

hi all,

currently own a cla180 amg and COE will be due 28 January 2025, which i bought it from a good friend in October 2024 for less than <16k with ~11k PARF.

mileage is at 124k and condition is good both exterior and interior.

currently PQP for renewing (10 years) will be 97k for January 2025.
this would means 97k + 16k = 11.3k depre per year ya? i'm concerned on the potential future maintenance for conti + compounding road tax.

my driving habits are only to and fro work (~35km daily) during tues-thurs. fri-sun to fetch family and friends (~10km daily)

thinking if it's ok to get a used 8-years jap entry car (depre <10k)

Won't able to advise on your decision as your priority might be different.

If you really do scrap the car, find a ws, remove parts and sell at 2nd hand in carousell or cla car group.

 

[morkutao]

you have driven for 3 months.

got flashing check engine light?
u-turn got any sound?
go over hump got any sound?
braking got any screech?

if all no, renew 10 years!

hi bro, there are none of above issues.

 

[Nemesis_lane123]

I like your plan... lol

too bad ain't any cars waiting for me to take over.

Yes I m fortunate my in laws are passing me a 50k mileage car.

There are many second hand cars out there that may be gd but I went with my fren to look look see see. Many lemons being sold. Hard to find an honest seller. That's y I think it is better to deal with direct sellers sometimes.

 

[rosschang]

Yes I m fortunate my in laws are passing me a 50k mileage car.

There are many second hand cars out there that may be gd but I went with my fren to look look see see. Many lemons being sold. Hard to find an honest seller. That's y I think it is better to deal with direct sellers sometimes.

Yes n no, even direct seller have hidden quirks. like someone who refuse to go to mech to jack up car for me to check check before I decide to buy

 

[Comage]

Won't able to advise on your decision as your priority might be different.

If you really do scrap the car, find a ws, remove parts and sell at 2nd hand in carousell or cla car group.

LOL ... strip the car out for parts... hehe.

What do you do later on in the end? Just scrap at the LTA scrapyard with just the engine block + chassis, like one of those legendary guys who did this in the past?

 

[LoUsyGamER]

LOL ... strip the car out for parts... hehe.

What do you do later on in the end? Just scrap at the LTA scrapyard with just the engine block + chassis, like one of those legendary guys who did this in the past?

Haha scrap never indicate all parts must be inside.

If really tight budget and there is demand then might worth it

 

[rosschang]

question: do we still need to pay money to scrap the car?

alternatively can we just drive into msia and abandon the car there (n call it a day)...

 

[morkutao]

Won't able to advise on your decision as your priority might be different.

If you really do scrap the car, find a ws, remove parts and sell at 2nd hand in carousell or cla car group.

hi bro lousygamer, which car parts are we typically to see selling? i tried doing a search in carousell.

question: if done this, it makes the car unable to function, hence there's only the PARF value that can be taken back right?

 

[morkutao]

bros, doing a search on google for car scrap singapore (the 1st listing), quoted me approx $2.5k.
$11k parf + $2.5k car body = $13.5k

this was what i did previously when scrapping my renewed 5-years civic.

anyone come across using carro, sgcarmart quotz, motorist or carousell oneshift?
i believe these are car dealers that will "bid" for your car.

as at Nov'24 i was quoted approx. $18.5k, which probably will be lower after their "onsite" assessment.

 

[LoUsyGamER]

hi bro lousygamer, which car parts are we typically to see selling? i tried doing a search in carousell.

question: if done this, it makes the car unable to function, hence there's only the PARF value that can be taken back right?

You need to join group to see which car parts always spoilt.

My father's car scrapped because PARF is super low. Can see the model steering rack, oil filter housing, exhaust issue, abs and etc. So send to my usual workshop to remove sell, then tow the car to scrap.

 

[battledome64]

You need to join group to see which car parts always spoilt.

My father's car scrapped because PARF is super low. Can see the model steering rack, oil filter housing, exhaust issue, abs and etc. So send to my usual workshop to remove sell, then tow the car to scrap.

I feel if PARF is low you should renew. Because you lose less when you renew COE. Imagine Porsche PARF $100k might as well scrap it and get back $50k to buy a new car.

 

[kebinu]

I feel if PARF is low you should renew. Because you lose less when you renew COE. Imagine Porsche PARF $100k might as well scrap it and get back $50k to buy a new car.

different case imo. Porsche high part, but resale value is also quite high. if scrap is really means lugi a lot.

for TS, $11k is considered small, so just take your depreciation as ($11k + coe PQP - coe refund)/usage if you scrap or trade in if the car is too costly to maintain later. else, if your friend first owner, well taken care of, you are second, quite safe 1.

 

[Comage]

Haha scrap never indicate all parts must be inside.

If really tight budget and there is demand then might worth it

I hope when you scrap - you did tell the scrapyard dealer that the car is incomplete and has had parts stripped out.

Otherwise if the scrap guy tries to export it as a complete car for sale to other countries...

 

[LoUsyGamER]

I hope when you scrap - you did tell the scrapyard dealer that the car is incomplete and has had parts stripped out.

Otherwise if the scrap guy tries to export it as a complete car for sale to other countries...

Yup. Need to inform.

 

[morkutao]

different case imo. Porsche high part, but resale value is also quite high. if scrap is really means lugi a lot.

for TS, $11k is considered small, so just take your depreciation as ($11k + coe PQP - coe refund)/usage if you scrap or trade in if the car is too costly to maintain later. else, if your friend first owner, well taken care of, you are second, quite safe 1.

bro kebinu, thanks for your input. $11k is considered small as in to get the parf instead?

yes, the condition is good i would say.

aside, with a PQP of 97k, at 2.88% interest of 100% loan, that would be ~$1.4k per month
(but i understand if 100% will not be able to get 2.88%)

adding:

insurance - 1878/yr (0% NCD) (150 per month)
road tax - 742/yr (10% increment YOY, until 50%) (70 per month as of 11th year)
season parking - (95 per month)
petrol - (180 per month)
cashcard - (50 per month)
maintenance - ?? / month
total: approx $550 (not inclusive of maintenance)

are above figures correct that monthly it would be approx $2k per month moving forward?

 

[morkutao]

I feel if PARF is low you should renew. Because you lose less when you renew COE. Imagine Porsche PARF $100k might as well scrap it and get back $50k to buy a new car.

bro battledome64, thanks.

assuming if renew 10years @ $97k, i read that if 5 years later i decide to scrap, COE rebate will be at $48.5k?

in this case, if COE were to dip 3 years later (assuming to 80k), would above still apply?

based on OneMotoring website: The COE rebate is calculated as follows: COE rebate = QP or PQP of 10-year COE paid x Total unused period of COE/120 months. COE rebate = $16,897 x 29.1 months

 

[Tyrian]

Nice thread.

My car COE ending sep this year. So far what I’m intending to do is to renew for 5 years. PARF is low at 4k-ish in sep 2025. No loans needed. 1.5l car so the road tax increase won’t be too heavy. what’s more I’m 1st owner. Best financial choice for me.

 

[kebinu]

bro kebinu, thanks for your input. $11k is considered small as in to get the parf instead?

yes, the condition is good i would say.

aside, with a PQP of 97k, at 2.88% interest of 100% loan, that would be ~$1.4k per month
(but i understand if 100% will not be able to get 2.88%)

adding:

insurance - 1878/yr (0% NCD) (150 per month)
road tax - 742/yr (10% increment YOY, until 50%) (70 per month as of 11th year)
season parking - (95 per month)
petrol - (180 per month)
cashcard - (50 per month)
maintenance - ?? / month
total: approx $550 (not inclusive of maintenance)

are above figures correct that monthly it would be approx $2k per month moving forward?

bro battledome64, thanks.

assuming if renew 10years @ $97k, i read that if 5 years later i decide to scrap, COE rebate will be at $48.5k?

in this case, if COE were to dip 3 years later (assuming to 80k), would above still apply?

based on OneMotoring website: The COE rebate is calculated as follows: COE rebate = QP or PQP of 10-year COE paid x Total unused period of COE/120 months. COE rebate = $16,897 x 29.1 months

it's base on your coe.

if you have to take a loan, then the scenario when you need to repair will be different. you will think if I were to pay $10k for repair, it's equal to the interest payment, still worthwhile but you may need to repair every few weeks or so.

easier decision if full cash, just scrap and lose the $11k whenever you see some bigger repair. and mercs do get expensive repair if you have not been doing preventative maintenance.

Nice thread.

My car COE ending sep this year. So far what I’m intending to do is to renew for 5 years. PARF is low at 4k-ish in sep 2025. No loans needed. 1.5l car so the road tax increase won’t be too heavy. what’s more I’m 1st owner. Best financial choice for me.

the car will be a goner.. if you have extra cash, renew 10 years so maybe later people can buy $1-10k above paper value... if just 5 years, then won't worth too much.

 

[Tyrian]

the car will be a goner.. if you have extra cash, renew 10 years so maybe later people can buy $1-10k above paper value... if just 5 years, then won't worth too much.

Who knows I might drive for the full 15 years.

and if coe is favourable, let’s say during the 12 or 13 year mark, I’ll just push it to the AD for a trade in. Lazy to sell separately also.