COE Car

• penfolds

  26 Aug 05, 00:23

  Hi,
  
  Hope someone could help me with this or give me some advise; I'm currently looking for a car. Due to budget, guess I might need to settle for a COE car. For the initial payment, I could only fork out about 2-3k. I would have about 1k car allowances/ month.
  
  For COE car, understand that there could be alot of problems. In fact recently I just went to view some COE cars, I'm totally not familiar with cars. Check with you guys; for COE cars, we are not able to test drive??
  
  Please advise. Thanks in advance!
• thingy

  26 Aug 05, 01:10

  1k quite alot already leh...
  
  1k car allowance a month can get u a new vios, lancer or sunny already... why settle for a COE car that probably needs a part replacement every month? and at the end it's hard to sell and u get back peanuts..
  
  unless u like the classics like the EG or something.. mostly 25-30+k.. monthly ard 350+ to 400..
  
• taiping boy

  26 Aug 05, 14:19

  You may want to consider Toyota and Honda COE Car
• seancannot

  26 Aug 05, 16:05

  my fren refused to listen to me and got himself a COE car ... regret now after paying close to 3 K in repair... get a new car instead ...on a 10 yrs loan...its dirt cheap now !
  
  Unless you are techncially savvy and got good lobang for repair and parts ... COE cars may not be a good option.
• ToffeeClub1929

  26 Aug 05, 16:09

  Originally posted by seancannot:

  my fren refused to listen to me and got himself a COE car ... regret now after paying close to 3 K in repair... get a new car instead ...on a 10 yrs loan...its dirt cheap now !
  
  Unless you are techncially savvy and got good lobang for repair and parts ... COE cars may not be a good option.

  Have to agree on getting a new car
  
  but sometimes, the cars of previous years attract me like the Honda Civics and Mitsubishi Colt
  
  
• fondue

  26 Aug 05, 18:43

  don't recommend COE car unless you going for particular model. From your post, seems like budget is top priority.
  
  Can consider 3yr old car like mazda 323 or mit galant . these are going for 1-2k above paper value. even if coe is 20+k, annual dep will only be around 4k+, and definitely less likely to have problems than coe cars.
  
  best yet, if you sell after two yrs, you won't loose to much either.
• penfolds

  26 Aug 05, 22:01

  thanks for the advises from you guys! guess i tried to settle for a 3-5years car, < 1300cc car. Lets say for a mazda323, toyota vios; what should be the estimated price range i could get for it? hmm, whats worrying me is the initial payment, not able to fork out much..
  
  once again, thanks all..