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COE Cars

Discuss about COE and how you can make a good decision in buying your next vehicle.
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abbby
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COE Cars

Post by abbby » Sun, 06 Oct 2019 11:10 am

What are the pros and cons of getting a COE car? Pros - cheaper? Cons - more repairs?
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sundaymorningstaple
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Re: COE Cars

Post by sundaymorningstaple » Sun, 06 Oct 2019 12:14 pm

They are the only kind you can buy. COE is certificate of Eligibility which is just a slip of paper that says you can buy a particular car. If it's a 2nd hand car, it will already have a COE certificate and the purchase price will include the remaining value of the COE as well.

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x9200
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Re: COE Cars

Post by x9200 » Sun, 06 Oct 2019 4:09 pm

abbby wrote:
Sun, 06 Oct 2019 11:10 am
What are the pros and cons of getting a COE car? Pros - cheaper? Cons - more repairs?
Not necessarily. 10yo could be still a good car. Many people buy COE cars. For me, I wouldn't mind purely based on the age, but just dealing with the sellers, all sort of ..well... imaginable every year or shorter time is really repulsive.

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Re: COE Cars

Post by abbby » Sun, 06 Oct 2019 5:46 pm

So based on condition and lower mileage should be considered a safe bet?
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

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x9200
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Re: COE Cars

Post by x9200 » Sun, 06 Oct 2019 5:58 pm

abbby wrote:
Sun, 06 Oct 2019 5:46 pm
So based on condition and lower mileage should be considered a safe bet?
...and some would also say, No of previous owners. But again, it doesn't necessarily mean anything wrong with the car.

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PNGMK
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Re: COE Cars

Post by PNGMK » Mon, 07 Oct 2019 8:01 am

COE cars are harder to sell secondhand. They have a far lower paper value and the depreciation drops to zero at the end of hte COE. Parf cars (those with COE and residual PARF which is a form of import duty) tend to be more desirable as there is a residual value at the end of the first 10 year COE which makes it financially easier to move onto the next vehicle.

However I am driving a 12 year old subie so it obviously is ok by me.
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