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The cost of a COE renewal is based upon the PQP (prevailing quota premium) which is the three month average of COE bidding exercises immediately preceding the time you renew the COE. Therefore, a COE for a ten year old car will essentially cost the same as a COE for a new car, something just short of $70,000.katbh wrote:Or sometimes, it is worth getting the COE renewed - if there is a lowish 3 months of COE (from memory renewing COE, the price of the COE is an average of the previous 3 months COE).
You are just not going to find such a car. You are talking about a car that was originally registered in 1994/1995. COE's rose to about $25,000 during 2004/2005 and only a handful of those cars were renewed. Besides, as I and others have noted the price of the car is more dependent upon the current COE costs than the car itself.hosanna21st36 wrote:I am actually looking for a car which is about 17 to 18 years old which is due to 2nd renewal of COE. I have went to many car dealer and they do not sell or take in such car.
years ago, when i was trying to sell my then employer's Hi-jet, after advertising, I got an offer of 2,000 .. I was like what ? for a van with 3 year COE left, only 2,000 ? The buyer insisted on coming over, and insisted on talking to my boss .. and my boss comes, and shakes hand and tells the guy, 2,500, deal closed.Strong Eagle wrote:Goods vehicles must be registered to a company. Also, goods vehicles are not subject to a PARF rebate when scrapped, so while the initial price may be lower, the net 10 year cost is about the same.
You -might- find an old Landrover on a W plate with such validity. They have COE's that can be renewed endlessly and sell for body + COE paper. There is a pretty good second hand market in them as well. A W plate means 'work vehicle' and as such they have a low speed limit and passenger capacity. Check out SGCARMART for them.FeiWong wrote:Nope. u wont be able to find such car with such validity.hosanna21st36 wrote:I am actually looking for a car which is about 17 to 18 years old which is due to 2nd renewal of COE. I have went to many car dealer and they do not sell or take in such car.
Are you sure about that? Plenty of people I know have old Landies as personal owners. A new W plate would definitely go via a company.sundaymorningstaple wrote:No, PNGMK is correct. Old land rovers generally have W plates as they were classified as having the ability to tow other vehicles, hence the Engineering type of plate. They almost all also have a tow hitch on the rear and possibly a winch on the front (but not all have the winch). You cannot by one as an individual but only via a company registration.
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