buying brand new car or second hand car?
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with lower COE this round, is it worthwhile buying a second hand car? (end up paying more for second hand car)
any existing forum discussing this dilenma? kindly point me to it. thanks... -
jus buy a new one den... coe so much cheaper now...think of the manintencance cost for buying second hand car.. buy a new one den u can do-up the car...
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if you intend to drive 1-2 yrs only then may consider finding a second hand car that is relatively new, e.g. 2-3yrs old, Reason is that the high depreciation has been absorbed by previous owner already and you won't lose as much cash as compared to buying a brand new car.
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Bus 11 better. ENvironmentally friendly wad............Save e earth
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Agree. It all depends on your need/want and how long before you to change yr ride again. If you just want a pt A to B vehicle and keeping it till it expires, get a new one.Originally posted by kmkm:if you intend to drive 1-2 yrs only then may consider finding a second hand car that is relatively new, e.g. 2-3yrs old, Reason is that the high depreciation has been absorbed by previous owner already and you won't lose as much cash as compared to buying a brand new car.
Can also see this thread : http://initiald.sgforums.com/?action=thread_display&thread_id=157262 -
I personally prefer to own a brand new one given that the pricing is so afforable nowadays, the reasons being that one will not know what the previous owner did to his car or worst what did he did inside the car...
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new car is much cheaper, relief your monthly installment + interest saving
plus 3years/100,000 km warranty
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Thats true. But if you sell in 1~2yrs time, you lose BIG TIME !!Originally posted by hp28:new car is much cheaper, relief your monthly installment + interest saving
plus 3years/100,000 km warranty -
but nowadays 2 year old car is only 3-4k cheaper than brand new car, e.g. Nissan Sunny. Is this still true??Originally posted by fondue:Thats true. But if you sell in 1~2yrs time, you lose BIG TIME !!
I want to buy a car for at least 4 years, how? still buying 2 year old car worth it?? -
If you intend to keep car for only 4 years, it's possible that buying 2yr old car may still be better (depending on its resale value). Reason is the COE+Parf rebate of the old car may still be higher than the new car, which will then translate into a higher resale value even though it's an older car.Originally posted by findingnewidea:but nowadays 2 year old car is only 3-4k cheaper than brand new car, e.g. Nissan Sunny. Is this still true??
I want to buy a car for at least 4 years, how? still buying 2 year old car worth it??
But of course got other considerations such as warranty, maintenance cost and condition of old car, etc. The point is you got to decide on how long you will want to keep the car and do some careful calculations. -
but if new car keeps at this low price, very likely if coe number increase next year. the chance to sell off second hand car at higher price is unlikely.Originally posted by kmkm:If you intend to keep car for only 4 years, it's possible that buying 2yr old car may still be better (depending on its resale value). Reason is the COE+Parf rebate of the old car may still be higher than the new car, which will then translate into a higher resale value even though it's an older car.
But of course got other considerations such as warranty, maintenance cost and condition of old car, etc. The point is you got to decide on how long you will want to keep the car and do some careful calculations.
like what i always see nissan sunny at 2-3 years old is only few thousands less. Not many will want to buy that car. Does it mean scrap it is the way to get back higher money.
The other point is I might not want to buy another car. The PARF/COE value doesn't come in cash. What to do with the rebate in voucher? Agent will take it from me with cash in return? -
I guess the important thing is to buy something you really like (subject to financial health of coz!!). In this way, you won't tend to change car so easily ==> waste less moneyOriginally posted by fondue:Thats true. But if you sell in 1~2yrs time, you lose BIG TIME !!
When I bought my current ride, did not really like it. But I dislike the rest more (in the similar range). Its not even 3 years old now, and I've booked another one which I really like. Can imagine how much I lost man! Sigh... -
any spreadsheet to calculate that?
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what abt a renewed COE 1.0 l. This should be slightly over 20K for another 10 yrs. Any comments pls.