Moving to Singapore? Ask our regular expats in Singapore questions on relocation and their experience here. Ask about banking, employment pass, insurance, visa, work permit, citizenship or immigration issues.
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andbaynard
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by andbaynard » Thu, 27 Mar 2008 1:47 am
I am so confused. COE, PARF, OPC cars.......what ever that means. I have been here 2 years and been provided a company leased car. I am changing jobs so here 5 more years and new employer will provide car allowance of ~1,000 sgd per month for me to use however.
To me I should find a cheap car with COE expiring in 2012 and buy it. Would this not be cheaper in long run? I know I should consider road tax, and maintenance if buying a car. But the part I need help with is all the COE, PARF rebate items. Would someone (dealer, etc) buy the car from me just before the COE ends and get the rebates? How best to calculate what makes the most financially smart thing to do beside taking public transport.
Any advise on what to do?
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sundaymorningstaple
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by sundaymorningstaple » Thu, 27 Mar 2008 2:04 pm
There used to be a few threads on here that dealt exactly with that scenario. Use the search function to see what you can come up with. (I've got no time at the moment or I'd give you a had).
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
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stylezmind
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by stylezmind » Thu, 07 Aug 2008 6:58 pm
Firstly it all depends. Leasing a car will actually be more expensive. If you planning to pay by cash, den its cool.If you are taking a loan. Try to go for older cars, as they have shorter break even periods.
Break Even- No cash top up needed in the future for your full settlement with banks.
Last edited by
stylezmind on Thu, 07 Aug 2008 7:07 pm, edited 1 time in total.
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Saint
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by Saint » Thu, 07 Aug 2008 7:02 pm
Now let me guess what you do for a living

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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...
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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
- 33117 Views
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Last post by Lisafuller
Sat, 16 Jan 2021 3:11 pm
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How to rent yacht in Singapore?
Replies: 1
First post
I'm looking to celebrate my son's birthday on 27-july..... Thinking of chartering yacht.... Any kind soul has good recommendation?
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I am sure there are lots of options in Sentosa Cove and near HarbourFront.
Google is your good friend :)
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- 1927 Views
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Last post by tt1973
Sun, 05 Jul 2020 8:22 pm
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Has rent dropped due to Covid 19?
Replies: 4
First post
I saw quite a lot of units moving out if my condo just in the past couples of days… assuming the market is bad and rental price has dropped. By how...
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You can't negotiate mid term. There will be a drop for sure for new rentals or renewals. The resale market has not yet been hit price wise although...
- 4 Replies
- 4724 Views
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Last post by TropicalExpat
Tue, 18 Aug 2020 4:13 pm
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Singapore PR - own a condo - want to rent a room out - what do I need to know?
Replies: 3
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Hello,
I am a Singapore PR. I own a condo here and want to rent out a room to some friends.
I have a template contract and will need to lodge the...
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If you are using a room rental agreement with your friend, you will need to pay stamp duty on it. You can do that at the e-stamping website. If not...
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- 4984 Views
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Last post by wcs
Wed, 15 Jul 2020 3:08 pm
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Expat having 2 years lease lost job. Rent lease break
Replies: 11
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I moved to singapore in February and took a rental lease for two years(as I had 2 years of validity on my EP), and I lost job in August(Terminated...
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Hi, yes there are repat flights. I will be going in october.
Bon Voyage!
- 11 Replies
- 13029 Views
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Last post by PNGMK
Thu, 10 Sep 2020 8:13 pm
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