FAQ when buying car

• sailor83

  27 Mar 04, 17:25

  
  another clueless driver here
  
  Buying a car is so complcated. PARF, COE, insurance blah blah.
  Can anyone pls explain all the terms and how to calculate them, so that i can judge whether i can afford a car?
  
  Thanks
• sgboy2004

  27 Mar 04, 18:33

  Originally posted by b o o k:

  hi.
  i've a NISSAN SUNNY 1.6M for sale. It can be driven till 2011.
  ring me @ 423 2276 for a detailed conversation.
  Have a good day.
  
  Yours,
  cavin

  u must be a car salesman
  
  
  _______________________
  sgboy2004, the Good Boi
  Croco Corner
  
• sailor83

  28 Mar 04, 16:36

  Hi,
  any experts can help me with the below qn?
  
  1) What is the Open market value of a car?
  
  2) M i right? PARF is what u get back when u scrap ur COE, Provided that the car is not more than 10 years. Its value is dependant on the prevailing price of the COE at that present time
  
  3) What do u get back when u scrap ur car? Is the value dependant on the vehicle log sheet. Will the value decrease if u modify ur car? Lets say a owner crashes (touch wood) his car in the 3rd year beyond repair, what value will he get back to scrap the car?
  
  4) At the end of 10 years COE, if u choose to renew the COE for another 5 years, how much does it cost (say for a 1.5 l car)? Is the amt fixed, or must u bid or sthg? What happens after the 5 years is up? Can u renew again, if not, can u choose to leave the car at home and not scrap it?
  
  Thanks