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Thread: Can tell the price by these?? (car)

  1. #1
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    Default Can tell the price by these?? (car)

    Hi I wanna know something ...

    You see I see the Ad on the Straits Time.

    for a car.. it says the OMV is $18K
    and the COE is $41K


    So does that mean the car is selling for $41+$18k which is $59K??

    Does it means that way??

    Thanks!!!

  2. #2

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    Siron! You looking for car also ar?

    Me too....hehehe

    Just passed my driving yesterday...hehe

  3. #3
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    Originally posted by dragos
    Siron! You looking for car also ar?

    Me too....hehehe

    Just passed my driving yesterday...hehe
    WOw!! Congrat!! Too bad I dun have lisence yet leh!! bUt planning what car to get.

    What abt u?
    What budget u have?

  4. #4

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    Originally posted by siron

    WOw!! Congrat!! Too bad I dun have lisence yet leh!! bUt planning what car to get.

    What abt u?
    What budget u have?
    Not too sure abt the d/p yet....see how...

    but thinking max abt 500 to 600 a month...see how..

    Now all my money sink into my ROM reception liao...hehehe

  5. #5

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    cost of car =
    Registration Fee (RF) $140 +
    Additional Registration Fee (ARF) 140% of OMV +
    Certificate of Entitlement (COE) +
    Customs Duty 31% of OMV


    So a $20,000 Mitsubishi Lancer will cost
    Cost Price = $20,000 +
    Registration Fee (RF) $140 +
    COE = $32,001 +
    ARF = 20,000 * 1.4 = $28,000 +
    customs duty = 20,000 * 0.31 = $6,200
    = $86,341

    roughly..

    Paying for this with a 7yr loan will cost you
    $25902 upfront and about $800 per month.

    I left out road tax, sports rims, sound system, leather seats.....

  6. #6
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    Originally posted by maddog
    cost of car =
    Registration Fee (RF) $140 +
    Additional Registration Fee (ARF) 140% of OMV +
    Certificate of Entitlement (COE) +
    Customs Duty 31% of OMV


    So a $20,000 Mitsubishi Lancer will cost
    Cost Price = $20,000 +
    Registration Fee (RF) $140 +
    COE = $32,001 +
    ARF = 20,000 * 1.4 = $28,000 +
    customs duty = 20,000 * 0.31 = $6,200
    = $86,341

    roughly..

    Paying for this with a 7yr loan will cost you
    $25902 upfront and about $800 per month.

    I left out road tax, sports rims, sound system, leather seats.....
    So in the ad it says OMV $19K and COE $44K.... Can you rougly tell the price of the car??

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    For more information, why not check out this website for more details.

    Hope that helps.

  8. #8

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    Originally posted by siron


    So in the ad it says OMV $19K and COE $44K.... Can you rougly tell the price of the car??
    95K approx..

  9. #9
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    Originally posted by maddog


    95K approx..
    95K?? hmmmm quite impossible leh.
    new car only 80K and this ad I saw is a 2000 car leh

  10. #10
    Punkie
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    Originally posted by siron


    95K?? hmmmm quite impossible leh.
    new car only 80K and this ad I saw is a 2000 car leh
    Wanna buy a used car? Ask for the Parf value. OMV is normally about 20% below Parf.

    So if its a year 2000 car, that means the car still has 8 years to go before it goes to a scrapyard or renewal of COE. Take the asking price, minus the Parf value then divide it into say 8 years. Theres your annual depreciation. Roughly lah.

    Hope this helps.

  11. #11
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    Originally posted by Punkie


    Wanna buy a used car? Ask for the Parf value. OMV is normally about 20% below Parf.

    So if its a year 2000 car, that means the car still has 8 years to go before it goes to a scrapyard or renewal of COE. Take the asking price, minus the Parf value then divide it into say 8 years. Theres your annual depreciation. Roughly lah.

    Hope this helps.
    Thanks but what I am asking is...
    the paper for that particular car state only the OMV which is $19K and the COE which is $40k.

    My question is from these 2 given figures, can you roughly tell the price the owner is asking for?

    It's a yr 2000 car.

  12. #12
    Punkie
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    Originally posted by siron


    Thanks but what I am asking is...
    the paper for that particular car state only the OMV which is $19K and the COE which is $40k.

    My question is from these 2 given figures, can you roughly tell the price the owner is asking for?

    It's a yr 2000 car.
    Hmm...i dont think so. Normally i would ask for the annual depreciation, Parf Value(OMV -20%) and years remaining. From these you will be able to calculate.

    As for the COE being 40K....its rather high so they just put there as a selling point. Say if you decide to scrap the car before 10 years due to watever reasons, you'll be able to get a higer COE rebate. Thats all.

    That was wat happened to my old car. I had problem selling it cos i bought it when car prices were sky high. So i resorted to sending it stripping and selling all the performance parts and then sent it to the scrapyard even though it still had close to 3 years left. The pervailing COE for that car on papers was 56K hence the rebate was very high.
    Last edited by Punkie; 5th September 2002 at 12:59 AM.

  13. #13

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    Originally posted by siron


    Thanks but what I am asking is...
    the paper for that particular car state only the OMV which is $19K and the COE which is $40k.

    My question is from these 2 given figures, can you roughly tell the price the owner is asking for?

    It's a yr 2000 car.
    Nope. Resale value are usually determined by market forces. Owners who bought at high COE, tend to suffer greater 'loss' or depreciation when he sells.

    Lets assume the car you're talking about is a Toyota Corolla 1.6L Auto which owner bought in 2000. The price then for the car is as maddog mentions, about $95k

    With today's market, owner can only resell it at about $65k for a 2 yr old corolla.

  14. #14
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    Originally posted by Shadus


    Nope. Resale value are usually determined by market forces. Owners who bought at high COE, tend to suffer greater 'loss' or depreciation when he sells.

    Lets assume the car you're talking about is a Toyota Corolla 1.6L Auto which owner bought in 2000. The price then for the car is as maddog mentions, about $95k

    With today's market, owner can only resell it at about $65k for a 2 yr old corolla.
    Hmmmm Thanks!! Well then do you guys have any idea how much a Ford Focus Hatch will cost? Like a 2 years car.
    Any idea?

    I love this car.

  15. #15
    Punkie
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    Originally posted by Shadus




    With today's market, owner can only resell it at about $65k for a 2 yr old corolla.
    Is that the G9 you're talking about? If it is, 65K i buy from you can?

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    Originally posted by Punkie


    Is that the G9 you're talking about? If it is, 65K i buy from you can?
    Hey, and you said you are broke? Somemore can buy car, har.

  17. #17
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    Originally posted by siron


    Hmmmm Thanks!! Well then do you guys have any idea how much a Ford Focus Hatch will cost? Like a 2 years car.
    Any idea?

    I love this car.
    Well normally, as a rough gauge, and basing on a 1.5~1.6L, the annual depreciation should be about 6.5~7k.

    Price of car ~ 6.5 x 8 years + Parf value at the end of the 10 years should be quite close.

    Why not check out the website that I previously listed in the post?
    There should be a section on used car prices guide.

  18. #18
    Punkie
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    Originally posted by Goondu


    Hey, and you said you are broke? Somemore can buy car, har.
    Hehe cos i know $65K for a G9 is NOT possible. Yah maybe he dealer makan at this kinda price. But market where can get G9 at this kinda price? You know best.

  19. #19

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    Originally posted by Punkie


    Hehe cos i know $65K for a G9 is NOT possible. Yah maybe he dealer makan at this kinda price. But market where can get G9 at this kinda price? You know best.
    LOL. Guys just love to appear to hv superior knowledge, dun they. Seems like Goondu contradicted you anyway. 7k per year, 2 yrs is $14k

    New G9 is about $82k now. So how much does that leaves u? $68k right.

    So now I'm quoting from replies here that 2000 G9 is going to cost $68k. Dun challenge me ok, just challenge the replies here.

  20. #20

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    Originally posted by Punkie


    Is that the G9 you're talking about? If it is, 65K i buy from you can?
    Can be arranged. But I take commissions. PM me if you're serious.

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