26 Feb '17, 1pm

Random thoughts: Buy New, buy used or just renew COE?: I had the weirdest experience. My friend recently Trade in…

I had the weirdest experience. My friend recently Trade in his previous Toyota Altis for 30K (about same age as mine) and bought a new one. I thought: Wow, it’s still worth so much. Assume Mine is worth 20K, it might be worth it to consider getting a new attrage (the cheapest Japanese saloon in market) I called the Mitsubishi showroom and ask for a quotation. I was quoted 8K for my Vios of mileage 180k. When I say de-registering the car now or by May would give me 8K too, since my ARF is about 14K and I have 1 more year to go. She didn’t reply. So, guess I am still back to my original plan of renewing COE. Maybe my friend mileage is low. But the trade-in value is quite ridiculous IMHO. Had I manage to get a higher trade-in value, the depreciation rate might have convinced …

Full article: http://thefinance.sg/2017/02/26/random-thoughts-buy-new-b...

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