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buying a van - a how-to / an experience

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taxico
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Re: buying a van - a how-to / an experience

Post by taxico » Fri, 30 Dec 2022 5:12 pm

tiktok wrote:
Wed, 13 Apr 2022 1:51 pm
Very interesting @taxico. In my case I bought a 10 year old car with 5 year COE for 25k. Works out to about 420/month. Is that a better deal or what am I missing?
i hope you mean it’s got 5 years of COE left, not that the car had a 5 year COE renewal.

if it was just a 5 year renewal, the car has no real value beyond scrap and residual COE value as it MUST be de-registered by the end of that time.

this is a separate topic probably already addressed elsewhere in the form.

people still buy them though. if the depreciation works for you, go wild!
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