New Car or Second Hand Car??

• findingnewidea

  6 Jul 05, 23:25

  Hey, I want to seek advice from you guys -
  
  Buying a new car or a second-hand car, which is the better choice?
  
  I am looking at 1.5L Japanese cars. I heard new car will suffer a lots of depreciation at the first few years under the new scheme.
  
  Old scheme second hand car is a better option to me, according to my colleague.
  
  What do you think??
• coffeeortea

  7 Jul 05, 01:17

  whichever is better in the long run for you.. you dont want second hand cars that have good price and breakdown easily.. neither do you want new cars that cost a bomb.. i guess this is a pretty hard choice. and it depends on the deals that you can get =)
• CoolMyth

  7 Jul 05, 02:40

  http://www.sgforums.com/?action=forum_display&forum_id=2
• gerrykoh

  7 Jul 05, 10:03

  Better get a brand new car cos COE is down.
  New cars generally comes with 3 yrs.- 5 yrs warranty so maintenance won't be a problem. l
  U can get smaller ones around $50K or less.
  Secondhand car- u must check properly cos problematic if breakdown.
  
• yoongf

  7 Jul 05, 22:56

  Right now.. the annual depreciation of new cars is lower than most 2nd hand cars, due to low COE environment recently.
  
  2nd hand car also need to pay transfer fee... this is not a small amount.
  
  2nd hand cars may have some normal wear and tear problems that may be perceived by newbie as major issues. If not sure and keep fixing the car to showroom condition.. the total cost will be more than new car.
  
  I suggest get new car, like Getz, Vios, or City depending on budget.
  
• Harris_JeyaRaj

  8 Jul 05, 00:27

  Be wary when u buy a 2nd hand car in SG. A lot depends on the price the seller is offering and the age, COE validity of the car.Cause of the wear and tear of the car due to singapore roads. Short trip lengths of singapore roads is the one reason why u need more frequent car maintenance. This cause car engines to repeatedly warm and cool off. And the scorching hot weather when u park at open air carparks
  
  Again a brand new car with a new engine in SG is Cut-throat. Best for u is take MRT and Bus. Too bad
• Harris_JeyaRaj

  8 Jul 05, 00:42

  Originally posted by yoongf:

  Right now.. the annual depreciation of new cars is lower than most 2nd hand cars, due to low COE environment recently.
  
  2nd hand car also need to pay transfer fee... this is not a small amount.
  
  2nd hand cars may have some normal wear and tear problems that may be perceived by newbie as major issues. If not sure and keep fixing the car to showroom condition.. the total cost will be more than new car.
  
  I suggest get new car, like Getz, Vios, or City depending on budget.
  

  how low can the COE get? $1?
  
  i bet u with the money u coud just migrate and and find a job overseas.
• pufferfish_79

  8 Jul 05, 02:30

  Originally posted by Harris_JeyaRaj:

  how low can the COE get? $1?
  
  i bet u with the money u coud just migrate and and find a job overseas.

  The car debate is just a small part. Depends with where you compare with. With SEA countries, will you rather have cheap cars, but lousy healthcare, education , security and political instablity like Malaysia, Indonesia and the Philippines ?
  
  Or with the European countries, with cheap cars... but higher cost of living?
  
  Its a trade off. I rather trade the cost of car with better healthcare,security, and education. MHO
• Harris_JeyaRaj

  8 Jul 05, 05:06

  Originally posted by pufferfish_79:

  The car debate is just a small part. Depends with where you compare with. With SEA countries, will you rather have cheap cars, but lousy healthcare, education , security and political instablity like Malaysia, Indonesia and the Philippines ?
  
  Or with the European countries, with cheap cars... but higher cost of living?
  
  Its a trade off. I rather trade the cost of car with better healthcare,security, and education. MHO

  Its not worth it pal. here are still places like AUZ, NZ and Canada which cant be comparabale to SEA countries. There is always a tradeoff invloved but what is the chances of it being a flexible tradeoff compared to a fixed one?
  
  
• pufferfish_79

  8 Jul 05, 18:58

  Originally posted by Harris_JeyaRaj:

  Its not worth it pal. here are still places like AUZ, NZ and Canada which cant be comparabale to SEA countries. There is always a tradeoff invloved but what is the chances of it being a flexible tradeoff compared to a fixed one?
  
  

  The indirect tax like VAT, GST ? The opening hours of the shop ? how difficult it is to find 24hrs food joint ? Well there is no end to comparing. overall I'm happy to be living in Spore. I'm contented with the quality of life here. A car is just a insignificant part to me. There are cheap weekend cars and car-sharing cooperations. Thats a good alternative when I do not wish to take public but will like to drive instead.
  
  Since you are so negative, give up your singapore citizenship assuming you are one and haven done so. And I wish you luck in your new adopted country of residence.
• pufferfish_79

  8 Jul 05, 19:00

  I'm getting OT here, so I shall stop here. We can further discuss this in another thread