Would u renew the COE of a car u like very much?

• lolxzxz

  9 Jan 06, 17:22

  izzit worth anot?...renew for 5 yrs or 10 yrs?..thanks
• augleo

  9 Jan 06, 17:24

  very much depend on the performance... if everythings ok...Yes...5yrs loh.
• lolxzxz

  9 Jan 06, 17:27

  ned 2 pay around how much frm ur knowledge...alot?..i would appreciate figures eg/ 20k..30k..thanks
• Carribean_blue

  9 Jan 06, 18:23

  The COE you want to re-new would be the PQP (prevailing Quota Premium), i.e.moving average of the past 3 months COE. 5 years COE pay half.
  
  If you re-new 5 years COE, after the 5 years, you would not be able to re-new any longer. Thus if you still want to keep the car or be able to sell it on the market, it would be advisable to re-new with the 10 years COE..... till u renew it for the second time, i.e. car is now registered for 30 years then it would be classified as an antique car already.....dats another story altogether....
  
  Check onemotoring it has everything there.....
  
  Hope this helps!!!!
  
  Cheers!
• Carribean_blue

  9 Jan 06, 18:30

  eh.... btw u driving FC bro?
• alamat

  10 Jan 06, 13:13

  take note you will be losing whatever parf rebate there is.
• Lancerlot

  11 Jan 06, 01:14

  Originally posted by lolxzxz:

  izzit worth anot?...renew for 5 yrs or 10 yrs?..thanks

  well it depends on several factors. is the car rare? gd sound engine n parts? a particular model that u like vry much? no other current new models that takes ur fancy? and most important factor...is PQP cheap for that period of time u r considering the renewal. add that wif ur parf that u forgo, then work out the yearly depr. definately cheaper than new cars, but take into account that u got to pay higher taxes n maintenance cost. but if ur car is special breed n model,why not
• lolxzxz

  12 Jan 06, 20:56

  thanks for your kind replies...