Guys ...need your help I might want to sell

• xtreme223

  7 Aug 06, 12:34

  Hi bros,
  
  I bought my car on 2003 , COE cost me 31k++
  car bought at around 75k
  downpayment 30k
  parf value now at 14k++
  including interest i own the bank around 27k++ as of today
  
  now I intend to change car since the COE drop so much, do u think it is worth it?
  
  parf value = scrap value ?
  parf value remain constant during the this 10 years?
  
  I bros here give me some advice
• monoslayer

  7 Aug 06, 12:35

  din even mention wat car..
• xtreme223

  7 Aug 06, 12:43

  errr...it doesn't matter wat car right
• YiFengz

  7 Aug 06, 14:12

  how do u expect ppl to help when u dont even want to tell wats the car ur driving.
• xtreme223

  7 Aug 06, 20:35

  I am driving mitsubishi colt sport edition
• fondue

  8 Aug 06, 04:15

  In the 4th & 5th yr, your car depreciate the least. Your paper value depreciation is only 3.1k p.a. up to fifth year (COE only, parf is the same throughout the first 5 years).
  
  Unless you can sell your car at a significantely higher price than the paper value, else keep till 5th yr and re-assess the situation again.