[b]NEW cars VS COE cars[/b]
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Just wondering why some drivers still go for COE cars even though the new cars with 10 full yr COE are relatively quite cheap as compared to last time. I have checked thru and find that one Honda ESI/LSI or Toyota corolla or Nissan Presea would cost about 20k to 30k plus and the COE is only 6.5 to 7 yrs. A new toyota vios, Mitshubishi Lancer, Nissan sunny would cost about 50k to 60k plus and they are new!!! so relatively maintenance free for the first 2 to 3 yrs....can anyone share your view??? Thanks[/b]
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i have done alot of research on this cos i wanna buy a car too. conclusion:
1) do NOT ever buy COE cars. unless u know the owner personally. the maintainence will be sky high. and stay away from cars which have 3 owners and above. and never buy from dealers who advert 10-18K for the car in the newspapers.
2) PARF cars. monthly installment is same as new cars. just that u lose a lot less if u suddenly decide to sell your car. pre 02 cars are lagi worth it. as above, stay away from cars which had 3 owners or more.
3) NEW cars. the most shiok of them all cos its brand new and u r the 1st owner. everything is good and under warranty. now for the bad news, the moment u turn the ignition, u will have lost 5-10K minimum. cant sell the car anytime soon unless u wanna lose big. break even around 4-5yrs if u loan 10 yrs.
overgeneralisation? perhaps. but hope this little bit of info helps. anybody have any comments or corrections to make, kindly post away!!
cheers -
Thanks for the reply.... same thought as you but there are still many ppl buying COE cars... maybe they drive in to M'sia to fix their car as its much cheaper there. I m thinking of getting a OPC car but the resale value damn terok right?
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far as i know, malaysia is cheap but quality is lousier leh. budden i dunno much about mods one la. hmm resale depends on car la. OPC can convert one mah?
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One of the reason is that some great cars are not made like they are used to anymore. And car enthusiasts love these cars, so much so that good financial sense may not always be no. 1. So long as it is affordable.Originally posted by Speedomaster:Thanks for the reply.... same thought as you but there are still many ppl buying COE cars... maybe they drive in to M'sia to fix their car as its much cheaper there. I m thinking of getting a OPC car but the resale value damn terok right?
For example, take the civics of the 90s, the EGs and the EKs.
There are few new cars that
1) can throw out 160 / 170 horses yet NA (so the insurance is affordable),
2) 1.6 litres (so the road tax don't kill you),
3) thousands of affordable aftermarket parts to have fun experimenting with,
4) Very affordable up to drive away (never mind maintenance, can worry later).
Those civics are great cars -
So u must b driving civic?Originally posted by Joe_Legal:One of the reason is that some great cars are not made like they are used to anymore. And car enthusiasts love these cars, so much so that good financial may not always be no. 1. So long as it is affordable.
For example, take the civics of the 90s, the EGs and the EKs.
There are few new cars that
1) can throw out 160 / 170 horses yet NA (so the insurance is affordable),
2) 1.6 litres (so the road tax don't kill you),
3) thousands of affordable aftermarket parts to have fun experimenting with,
4) Very affordable up to drive away (never mind maintenance, can worry later).
Those civics are great cars -
civic the egs model have to really get a one with good engine .. or else can be real loud and FC is damn high...
a EK civic Sir will be best... i love that car...
last time als wanna get a coe car..
but nowCOE cheap liao y dun get a new car...
coe car have high road tax also.. increase 10% annually till hit 50% max le.
get a new car like ignis sport will be fine... -
yeah thats why. if you have the $$ to buy mods might as well get a new car. but some pple love to mod la so the older civics are best. but if u buy the older civics u muz be experienced and know wat to do regarding everything. and surely most are modded b4 and if the mods are of lousy quality u are dead. muz change everything. sir nice la but for that price can get a brand new car leh. depends on individual's preference one. the esi also nice, but heard is super problematic. so i will still prefer to buy a new car.
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bro Joe_Legal is rite..
Nowadays cars more relak then the past.. even the supercars got stricter emission standards etc... so in some ways, stock to stock, are less powerful than the cars of the past.
Old cars problematic is one thing, but there are quite a number of Civics fully re-furbished. Interior done up swee swee, brake system upgraded from pump to rotor, distributor changed, alternator changed, engine modded so is rebuilt from bottom up wif new (and sometimes forged) parts, gearbox rebuilt, new drive shafts, new suspension, new timing belt + all other belts.. so if u take over from them, very little problem.
Mebe air-con is one thing tat mite be shoddy, and old rubber linings.
My fren bot COE RX-7 for $100k tho got many new cars he can buy, but it was a nitemare and broke down quite often. So put up for sale within 2 weeks.
So depending on wat ur purpose is... if u always wanted to own a power car but cant afford it new, COE car is a good chance to own one. But comes wif the maintenance issue la. -
Well, I used to, a single-cam EG5. It was fun while it lasted.Originally posted by donnynsc:So u must b driving civic? -
maintenence is exactly the prohibitive reason for owning a COE car. kanna ram b4 and u will still dare to buy when u dunno the owner? are you serious? dun tell me do till so sui, he nv ram the car b4. summore civics are extremely ram-able, esp the older ones like the esi, eg6 and ek9. got vtec power.
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A COE car would have undergone more than 10yrs of shock and wear.
Therefore, there is a chance of failure even without any accidents.
In my opinion, if you want to buy a COE car, get either a Merc or a BMW.
These cars are built to last.
If you are getting a Jap COE car, be prepared for quite abit of maintainance. -
coe merc and bmw ex leh. lasting, but still haf wear and tear de.
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I always thought Jap car got less problem and less maintanence than Conti car? Look the the number of COE-ed corollas and sunny on the roads, as compared to COE-ed Mercs and BMW. And are BMW cars built to last? I thought otherwise. Anyone can confirm that?Originally posted by carmour:A COE car would have undergone more than 10yrs of shock and wear.
Therefore, there is a chance of failure even without any accidents.
In my opinion, if you want to buy a COE car, get either a Merc or a BMW.
These cars are built to last.
If you are getting a Jap COE car, be prepared for quite abit of maintainance.
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the engine was built to be rammed to 8200 rpm.. and with forged internals, even higher. But ppl dun ram whole day on streets. Some ppl mod liao juz for mid range power, and dun even ram past 7-8k.Originally posted by imprezaWRXSTi22B:maintenence is exactly the prohibitive reason for owning a COE car. kanna ram b4 and u will still dare to buy when u dunno the owner? are you serious? dun tell me do till so sui, he nv ram the car b4. summore civics are extremely ram-able, esp the older ones like the esi, eg6 and ek9. got vtec power.
a lot of bad condition COE cars (not juz civics), and a lot of good condition ones too. My relative's old Sunny now running into 16th year, low maintenance, still using same engine, nvr overhaul b4. Air con system original oso and gbox too.
new car no guarantee good condition. Got 'friday' cars and lemons out there. Even wif warranty, they fix and fix but the thing dun completely go away yet they'll NEVER give u a totally new car to replace. Come out in news so many times.
Also, I've seen Mazda 6s and 3s being rammed like mad when juz collected from port. Those idiots are racing in it with the blue makeshift number plates still on the car!
So COE cars cannot be TOTALLY ruled out. Mebe generally yes, it is of coz old. But most wear happen to engine, aircon, shafts etc.. and these are sometimes totally overhauled. In fact a super modded car mite have even stronger parts than in original conditions, rite down to the studs and rivets. -
I dunno abt which ones were built to last, but u cant judge only by seeing more Jap cars on the rd. Rd tax goes up by up to 50% after renewing COE, so 1.3 and 1.6 cars still affordable to be renewed.Originally posted by free4ever:I always thought Jap car got less problem and less maintanence than Conti car? Look the the number of COE-ed corollas and sunny on the roads, as compared to COE-ed Mercs and BMW. And are BMW cars built to last? I thought otherwise. Anyone can confirm that?
But 2 lit+ to 5lit Mercs etc... who want to renew? -
true. can la, those rich chaps who collect such cars lo.