Buying a COE car
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HI all, I intend to buy a COE car. And this will be my first time owing a car.
I saw in the newspaper that, they are selling '93 Honda ESI at 21.2K. $0 down-payment and monthly of $200++. COE until 07/2011
Is it wise to own one of those.
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It is not possible to own a car for 200 a month. Those marketing gimmicks.
200 a month is likely to be just the interest or the amount after paying some obscene downpayment.
Judging from the cheap prices of new cars, it is adviseable to get new cars instead of COE cars...
COE cars
Higher road tax and insurance
Higher chances of breaking down
Less spare parts
Higher interest
High FC
All these statements are in general and of course there would be exceptions. -
Originally posted by kyne:
agreed
It is not possible to own a car for 200 a month. Those marketing gimmicks.
200 a month is likely to be just the interest or the amount after paying some obscene downpayment.
Judging from the cheap prices of new cars, it is adviseable to get new cars instead of COE cars...
[b]COE cars
Higher road tax and insurance
Higher chances of breaking down
Less spare parts
Higher interest
High FC
All these statements are in general and of course there would be exceptions.[/b] -
Its impossible to pay $0 downpayment, then only $200 a month for installments.
Cheapest car also need $300+ a month.
Can check out the prices here: http://www.sgcarmart.com/main/info.php?cid=SCX4245Y&did=1003 -
actually i thinking of getting it too.. the price of eg is around 30-35 i think ...
although mani cons but i till think it i quite worth it.. dun rush into getting one go around and test all models and compare price then decide ba.. now alot of used EGs selling.. no need scared dun have