Got a shock when my fren scrap his nissan presea ...damaged in accident ..which he bought 41 K about 3 years ago.... his lost is 30 K , almost 10 K per year... when he bought it.. it was becos he wanted to save cost... now it seems better off than he had bought a new car at that car... and not to mentioned the $$$ he spend on rectifying the car... leaking seal..faulty alternator , shock absorber, worn out clutch , brake , tyres, radiator... cost him another 3 K at least..
That is because COE car dont have scape value ... imho i will spend the $$$ on repairs then sell off rather then to scape it...