Discuss about COE and how you can make a good decision in buying your next vehicle.
-
redredrum
- Newbie
- Posts: 1
- Joined: Sun, 15 May 2016 6:34 pm
-
Quote
-
0
login to like this post
Post
by redredrum » Sun, 15 May 2016 6:40 pm
I am looking to buy a used Sedan car that is around 4-5 years old. Would any know how the selling price of a used car in Singapore is calculated?
Specifically I'm looking at a Kia or Hyundai since they are known to provide good value and reliability.
Thanks!
-
PNGMK
- Moderator
- Posts: 9079
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 10
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Mon, 16 May 2016 6:48 am
It's calculated on the paper value (i.e. remaning CPF and PARF rebate value) plus a number for the value of the body (which typically reduced to almost nothing for those brands as they get older) plus 'coffeee money'. It really helps if you can find out the 'scrap (paper) value' or even estimate it based on the year/month the car was registered. The owner can look up the scrap value online on the onemotoring website.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
Strong Eagle
- Moderator
- Posts: 11630
- Joined: Sat, 10 Jul 2004 12:13 am
-
Answers: 9
- Location: Off The Red Dot
-
Contact:
-
Quote
-
0
login to like this post
Post
by Strong Eagle » Mon, 16 May 2016 9:39 am
PNGMK wrote:It's calculated on the paper value (i.e. remaning CPF and PARF rebate value) plus a number for the value of the body (which typically reduced to almost nothing for those brands as they get older) plus 'coffeee money'. It really helps if you can find out the 'scrap (paper) value' or even estimate it based on the year/month the car was registered. The owner can look up the scrap value online on the onemotoring website.
Exactly right... and as a practical matter... go to
http://www.sgcarmart.com/main/index.php and search around. You'll see what you can realistically buy/sell.
If you're working a private seller, $$ should be less. Use sgcarmart listings to negotiate with dealers. I got quite a bit off my car, including reduced insurance costs.
-
alexeyy
- Newbie
- Posts: 12
- Joined: Thu, 13 Apr 2017 12:50 pm
-
Quote
-
0
login to like this post
Post
by alexeyy » Wed, 19 Apr 2017 12:41 am
Strong Eagle wrote:PNGMK wrote:It's calculated on the paper value (i.e. remaning CPF and PARF rebate value) plus a number for the value of the body (which typically reduced to almost nothing for those brands as they get older) plus 'coffeee money'. It really helps if you can find out the 'scrap (paper) value' or even estimate it based on the year/month the car was registered. The owner can look up the scrap value online on the onemotoring website.
Exactly right... and as a practical matter... go to
http://www.sgcarmart.com/main/index.php and search around. You'll see what you can realistically buy/sell.
sgcarmart can now show you the remaining PARF rebate on an used car, valued today or at date of COE expiration.
The value of the car body at time of COE expiration is a function of the car brand/model, and supply of expiring cars around the same time. There is a healthy market of exporters who are happy to take a nice 10-year Singapore and export to another country (as far as Africa). The last time I shopped, I was quoted 3-4K body value for a small luxury 3-series, and close to 10K for a upscale German convertible. Conditions vary, obviously.
-
PNGMK
- Moderator
- Posts: 9079
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 10
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Wed, 19 Apr 2017 8:22 am
alexeyy wrote:Strong Eagle wrote:PNGMK wrote:It's calculated on the paper value (i.e. remaning CPF and PARF rebate value) plus a number for the value of the body (which typically reduced to almost nothing for those brands as they get older) plus 'coffeee money'. It really helps if you can find out the 'scrap (paper) value' or even estimate it based on the year/month the car was registered. The owner can look up the scrap value online on the onemotoring website.
Exactly right... and as a practical matter... go to
http://www.sgcarmart.com/main/index.php and search around. You'll see what you can realistically buy/sell.
sgcarmart can now show you the remaining PARF rebate on an used car, valued today or at date of COE expiration.
The value of the car body at time of COE expiration is a function of the car brand/model, and supply of expiring cars around the same time. There is a healthy market of exporters who are happy to take a nice 10-year Singapore and export to another country (as far as Africa). The last time I shopped, I was quoted 3-4K body value for a small luxury 3-series, and close to 10K for a upscale German convertible. Conditions vary, obviously.
Yes good point. That new function in sgcarmart is going to give the used car dealers kittens for sure.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
FahadWaseem
- Newbie
- Posts: 2
- Joined: Mon, 05 Feb 2018 3:00 pm
-
Quote
-
0
login to like this post
Post
by FahadWaseem » Mon, 05 Feb 2018 3:09 pm
hi there,
Is there anyone who can possibly give me some authentic info regarding exporting a Singaporean Scrap car to UK.. Like what are the rules to export an scrap car and whether it legal to do that or not.
Regards
fahad
-
PNGMK
- Moderator
- Posts: 9079
- Joined: Thu, 21 Mar 2013 9:06 pm
-
Answers: 10
- Location: Sinkapore
-
Quote
-
0
login to like this post
Post
by PNGMK » Mon, 05 Feb 2018 3:41 pm
FahadWaseem wrote:hi there,
Is there anyone who can possibly give me some authentic info regarding exporting a Singaporean Scrap car to UK.. Like what are the rules to export an scrap car and whether it legal to do that or not.
Regards
fahad
Official exporters in Singapore can help with the export out of Singapore (which is relatively easy and there are a lot of them in this business).
Importing into the UK needs specialist knowledge I suspect and you should contact an importer there. The guys on wheelerdealer seem to bring in cars from the USA to UK ok - I assume they need to pay shipping and possibly VAT and then have a MOT done but there may be more to it than that.
I not lawyer/teacher/CPA.
You've been arrested? Law Society of Singapore can provide referrals.
You want an International School job? School website or
http://www.ISS.edu
Your rugrat needs a School? Avoid for profit schools
You need Tax advice? Ask a CPA
You ran away without doing NS? Shame on you!
-
FahadWaseem
- Newbie
- Posts: 2
- Joined: Mon, 05 Feb 2018 3:00 pm
-
Quote
-
0
login to like this post
Post
by FahadWaseem » Mon, 05 Feb 2018 4:14 pm
PNGMK wrote:FahadWaseem wrote:hi there,
Is there anyone who can possibly give me some authentic info regarding exporting a Singaporean Scrap car to UK.. Like what are the rules to export an scrap car and whether it legal to do that or not.
Regards
fahad
Official exporters in Singapore can help with the export out of Singapore (which is relatively easy and there are a lot of them in this business).
Importing into the UK needs specialist knowledge I suspect and you should contact an importer there. The guys on wheelerdealer seem to bring in cars from the USA to UK ok - I assume they need to pay shipping and possibly VAT and then have a MOT done but there may be more to it than that.
Thanks for the info you provided. In UK we don't have any problem for importing any kind of car from anywhere more or less.... All the JDM cars are there from very long time and the duty isn't very high. there are custom charges and few other things which are well clear to all.. my main concern is that would it be possible to import (Singaporean scrap cars) or not.. like terms and condition to take out the NON COE cars out from Singapore to a country where they can be well use.
But you are correct i should contact any importer in UK and check in Singapore too who are the car exporters only then i can be 100% sure how the system works in Singapore.
regards
-
tripsnreefs
- Member
- Posts: 30
- Joined: Mon, 13 Jan 2020 3:38 pm
-
Quote
-
0
login to like this post
Post
by tripsnreefs » Tue, 14 Jan 2020 11:17 am
Does anyone know where I can find an affordable Honda Vezel?
-
sundaymorningstaple
- Moderator
- Posts: 40387
- Joined: Thu, 11 Nov 2004 1:26 pm
-
Answers: 21
- Location: Retired on the Little Red Dot
-
Quote
-
0
login to like this post
Post
by sundaymorningstaple » Tue, 14 Jan 2020 11:50 am
it's too overpriced
save money and the cars are mostly well taken care of
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
-
h0nd4l3g3nd
- Newbie
- Posts: 4
- Joined: Tue, 28 Jul 2020 10:41 am
-
Quote
-
0
login to like this post
Post
by h0nd4l3g3nd » Tue, 28 Jul 2020 10:49 am
You can compare used car prices or view them online. They have quite a wide selection and I am a fan of it!!
-
-
New car or Used Car?
Replies: 33
First post
Having the consideration of getting a car however.. due to the current market, should I get a new car or used car? Too much consideration to look...
Last post
I knew a car guy who moved here. He rented for a month and decided not to get a car. Sg isn't a place for people that like cars.
- 33 Replies
- 58886 Views
-
Last post by bgd
Sat, 05 Sep 2020 12:50 am
-
-
Buying used Car - Car Insurance
Replies: 3
First post
Hi,
I am married to a Singaporean guy for 10 yrs married and have lived in Jakarta. We are now back in Singapore for good and am now about to apply...
Last post
We are planning to buy a used car and will be using my international driving license till i convert to local license within a year as the law...
- 3 Replies
- 18512 Views
-
Last post by emergency234
Tue, 10 Nov 2020 7:14 am
-
-
- 7 Replies
- 17958 Views
-
Last post by BBCDoc
Sun, 17 Jan 2021 11:50 am
-
-
Buying coe used car question
Replies: 2
First post
Looking to purchase a used coe car (will scrap it in a couple of years when the coe expires) and calculating costs. One thing that confuses me is the...
Last post
YES... no wrong better COE car... good choice in fact
- 2 Replies
- 10113 Views
-
Last post by moonshineQ
Fri, 05 Aug 2022 3:36 pm
-
-
Newer car or COE car?
Replies: 3
First post
I have a friend who is looking to buy a car but unsure whether it's better to get a 7-8 year old car or a COE car...which one makes more sense (if...
Last post
There is a saying that a car loses half its value the minute it drives off the dealership lot. While this figure is inaccurate what it means to...
- 3 Replies
- 13901 Views
-
Last post by Lisafuller
Sat, 16 Jan 2021 3:11 pm
Users browsing this forum: No registered users and 4 guests