Exalted
tinking of changing my ride....
if COE drop further....my current car trade in value aso drop accordingly? dollar to dollar? any car guru here?
just checked out a few car showroom....new car prices down by 3-5k...but my trade in value aso drop accordingly
Senior
Car = deprecating asset, unless u bought at those $2 coe times.
Can sell as 2nd hand then go public for a while until $2 coe returns again?
Exalted
Originally Posted by azeoprop
Car = deprecating asset, unless u bought at those $2 coe times.
Can sell as 2nd hand then go public for a while until $2 coe returns again?
tat will be the last thing i wud do.....
i just worried about short term fluctuations....tats all...dunwan to book a car now and to see my car price drop even b4 collecting the new ride....
car is nvr an asset lor....its a luxury liability.....
banks still offering 90% auto loans...kind of dangerous....if recession hits, COE drop to 10k....bank jialat?
Senior
What is the chance of COE to drop by 10k in the next 1 year?
Exalted
STI drop to 2k points first....
stocks drop...ppty and COEs will follow
Senior
Can buy more properties.
Global recession is coming....
You remind of another thing - Property (an asset) LTV drop to 60%, whereas for car still 90% loan to car value and is a liability rather than an asset? Ironic and contrasting policy? To protect the banks from bad debts from car mortgages (as almost all car outstanding loan is less than their resale value), shouldn't cars LTV be reduced to 50%?
tat will be the last thing i wud do.....
i just worried about short term fluctuations....tats all...dunwan to book a car now and to see my car price drop even b4 collecting the new ride....
car is nvr an asset lor....its a luxury liability.....
banks still offering 90% auto loans...kind of dangerous....if recession hits, COE drop to 10k....bank jialat?
Bricks & Mortar
If LTV down to 50%, will impact demand for sureYou remind of another thing - Property (an asset) LTV drop to 60%, whereas for car still 90% loan to car value and is a liability rather than an asset? Ironic and contrasting policy? To protect the banks from bad debts from car mortgages (as almost all car outstanding loan is less than their resale value), shouldn't cars LTV be reduced to 50%?
Go for Smallest Unit
Coe going down for sure.... Slowly but surely. Very clear cut for Cat B. Cat A rather stable not below 30k.
Devil, do u own one car or two or more.
If one car, can secure a new car before selling.
If can wait, it's better to wait.
Change car one time, get chop one time. Trade in get chop again. Chop chop Robert.
If two cars, sell the higher value one.
Ísjaki
If I'm not wrong quota will b cut further. I guess prob gd time too. Soon COE will go up further??
Audi going very strong with their A4 at 159k as well as Volks with endless promotions. Buy high sell high. Buy low sell low. I also having the same dilemma. Hehe.
My car already 6yrs wanna sell but still running well. I also dont know what to do as all car and property prices going crazy Hmmmmm...
Go for Smallest Unit
6 yrs should change already. Especially for auto's.
Quota should not be cut further. New rules. Those Aug 2011 due to retire soon.
Cat B should fall to 40k there about. My guess.
Junior
why 6yrs should change? singapore is an abnormality, overseas people keep cars for more than 10yrs. Just that our system don't allow that. My 6yr old is still doing fine and look ok too.... will keep a little while longer.....
not worried about coe yet....
Exalted
Mabe i shd wait abit longer for the new A6....full led headlamps.... Chio.... Hehe
Ísjaki
I'm on manual. So very used to it. Age hopping up very fast. Maybe time for step and go.
Ísjaki
Hehe. True. The abnormalities of Singapore or should we say it's "uniqueness"...haha. Hello Kitty also queue. Kekeke.why 6yrs should change? singapore is an abnormality, overseas people keep cars for more than 10yrs. Just that our system don't allow that. My 6yr old is still doing fine and look ok too.... will keep a little while longer.....
not worried about coe yet....
Yup good cars are hard to one buy. Rabbit or no rabbit I guess maybe I should keep a little longer and see how the COE hops... Up or down?!?!?
Suspense can be fun, exciting and stressful at the same time...
Exalted
there is no time limit for duration of ownership for car.....although thumb of rule is to change after 4th yr to minimize losses....I'm on manual. So very used to it. Age hopping up very fast. Maybe time for step and go.
when feel like splurging on a new ride....tats the time to change...LOL
Go for Smallest Unit
Manual easier to maintain. Still prefer manual unless it's traffic jam.I'm on manual. So very used to it. Age hopping up very fast. Maybe time for step and go.
Exalted
yes for europe for eg.... but definitely not for sg lor...my vy first car manual...wrong choice...change after 1.5yrs...super bleeds...lol...
wonder how he can drive a manual car for 6yrs ...power...
manual for 2nd performance car mabe...hehe
Go for Smallest Unit
Should be second car, first car auto.
Auto more in demand now due to younger drivers.
Junior
I drive a manual. I prefer manual to auto.... It's a more involved drive...
Exalted
but left leg damn tired and piss off if caught in an hour jam....
Go for Smallest Unit
That's the problem. I get muscle pull for that before and I am young..but left leg damn tired and piss off if caught in an hour jam....
Junior
used to it.... look at it this way, like going to gymbut left leg damn tired and piss off if caught in an hour jam....
Ísjaki
Hehe. In fact I hv nvr once owned an auto. Rather hesitant when I hear this auto thingy.
Tried and tested my friends ride but whatever it is I just can't seem to be able to adapt myself to it.
I've been on manual for like 19 years now and still in love and longing for it. Maybe it's just me. Hehe.
Exalted
u and SH become gd buddies liaoHehe. In fact I hv nvr once owned an auto. Rather hesitant when I hear this auto thingy.
Tried and tested my friends ride but whatever it is I just can't seem to be able to adapt myself to it.
I've been on manual for like 19 years now and still in love and longing for it. Maybe it's just me. Hehe.
Ísjaki
Beemer and Merc step aside.. Here comes the Audi... The attraction of the new generation...
Very chip but the price even chio-er. Hehe. Nevertheless, the people there always hv good promotions... Mybe 5% accessories aka FEO style.
Ísjaki
The itch is always there but I can't scratch the $$$$ out if my skin. Hehe.
As for me even aft 3mnths my eyes starts to oogle for new wheels. T
hat's why the rule of the thumb is to get a good one so that I'll enjoy it no matter what comes next...
Ísjaki
In 2003 (if I'm not wrong) got a car at COE at around 30k. It drops wirh immediate tobrht very month...the rest is history...
I sold the ride two yrs later, I don't only bleed. I even sought treatment by dialling for the emergency ambulance but no one answered the cry-wolf..
I
lost too much blood that I almost died.
Junior
anyone tried the paddle transmission at the sides of steering wheels? like F1 cars?
Ísjaki
I'm just an average Singaporean working hard to feed the family like many of the rest...
Just one simple manual car for the family...
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