At least one of the right hand drive countries in Asia has strict rules on importing cars older than 3 years.x9200 wrote:They should emphasize on the export but I don't think it's Singaporeans, unless it is already easier right now to export than scrap. Why to scrap a 10yo, good and healthy car is also beyond me.
Ok, I agree, it's more complex, especially if we really factor in some true eco friendliness but at the end of the day, I believe it's all about money and with the COE that high, there should be some more reasonable way to utilize those cars. We are talking about vehicles that already follow some environmental standards, so it is not like dumping some toxic wastes to underdeveloped countries. E.g. how about shipping these cars out to some other countries that could still make a use of them? Africa, South America? How much per car would it costs if they are shipped using a dedicated massive cargo? Less than a fek $k per car? It would be like 5-15% of the COE.ecureilx wrote:At least one of the right hand drive countries in Asia has strict rules on importing cars older than 3 years.x9200 wrote:They should emphasize on the export but I don't think it's Singaporeans, unless it is already easier right now to export than scrap. Why to scrap a 10yo, good and healthy car is also beyond me.
Unless they were reconditioned, like how Japan does.
Most other RHD countries have heavy duties and taxes for importing used cars, it makes it cheaper to buy new ones.
Have 350k kms on one of those in NZ. Just regular servciing. You'll easily get another 10 years trouble free motoring.PNGMK wrote:Well I paid $52,008 today in cash to renew my Forester's COE. I felt awful doing it but relieved after. I have 10 more years use of a decent, well maintained car and no debt.
Until you add in the COE.bgd wrote:But a brand new one is less than the COE
A XT forester is around $145k here. The problem as I keep telling Sinkies ad nauseum is not the COE but the damn PARF (import duty) which jumped from 100% when I bought mine 10 years ago to around 180% now. I seem to recall my Forester was $77,000 in 2007 with a 10k COE. By rights it should be around 77+40 (107,000) but it's not now because not only has inflation caught up (although the yen has dropped) but the PARF has jumped ...bgd wrote:Have 350k kms on one of those in NZ. Just regular servciing. You'll easily get another 10 years trouble free motoring.PNGMK wrote:Well I paid $52,008 today in cash to renew my Forester's COE. I felt awful doing it but relieved after. I have 10 more years use of a decent, well maintained car and no debt.
But a brand new one is less than the COE
.Strong Eagle wrote:Until you add in the COE.bgd wrote:But a brand new one is less than the COE
Oh I agree. The turbo model unfortunately runs hot (IMO) so needs more maintenance and the shitty plastic radiator tops crack (and I have had to do a rebuild last year due to overheating on the CTE thanks to that) but the costs of doing all that is still way way below what buying a new car AND maintaining same new car would be. Although I am a member of some forester forums the one tip they need to sticky is not there... replace the plastic radiator with a full alloy one before you hit 100,000km. I've just crossed 160,000 km at 10 years and our rate of driving is dropping so I expect that if we stay here another 10 years we will hit around 300,000 km.bgd wrote:Have 350k kms on one of those in NZ. Just regular servciing. You'll easily get another 10 years trouble free motoring.PNGMK wrote:Well I paid $52,008 today in cash to renew my Forester's COE. I felt awful doing it but relieved after. I have 10 more years use of a decent, well maintained car and no debt.
But a brand new one is less than the COE
Provision of loans is exempt from GST collections, so yes, it is very possible.archcherub wrote:i just read this article - coe renewal loans
i contacted the sales guy and he said there is no GST on his loans. Is that possible?
Strong Eagle wrote:Provision of loans is exempt from GST collections, so yes, it is very possible.archcherub wrote:i just read this article - coe renewal loans
i contacted the sales guy and he said there is no GST on his loans. Is that possible?
What is less understandable is what is being used as collateral for a COE loan. The underlying value of a 10 year old vehicle is unlikely to cover the costs of COE, so you either need to put up another personal asset, or they are offering a personal note without collateral, something I find highly unlikely.
There may be provision that if you fail to make a payment, you are required to scrap to car to get a PARF refund which would go directly to the creditors, along with whatever the scrap value is.
I don't see how this works, except for possibly amazingly high interest rates.
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