Changing new car to old car

FlowerGrass SG

I know its contradicting... haha

Some how i like old BMW since the new one i can't afford at the moment.
I am right now driving a relative new car (5mth old). is it possible to sell the body car(getz 1.4 A) and keep the COE and proceed with getting a used BMW?

i have a COE open catagory

how much i have to pay?
do i have to clear my bank loan first?
haha

allblacks SG

you will lost a big time bro..hehex Laughing

FlowerGrass SG

ya i mean how much i have to pay?

omron SG

once u register ur car its no longer a open cat coe, it is a cat a coe now. why u not happy with getz?

FlowerGrass SG

oops..

maybe i want more powerful car.... 1.4 seems too little..haahaa

Camellias4me SG

Its not possible to sell ur car yet keep ur paper. COE is for 10 yrs.. if u sell ur car before the coe's expiry date, u get a rebate for the un-used or remaining duration. And if ur car is less than 10 yrs old, u'll get parf rebate as well.

Open category doesn't mean its worth the $amt dat was closed at bidding. For Eg. When u bought ur car back then, the COE for cat. A was $11k & cat. E was $12k. Even if ur car got registered using cat. E, the value will still take to cat. A's price which is $11k.

How much u haf to pay depends on how much u still owe the bank. Eg. u get (coe&parf rebate+body) 25k after selling ur car but ur outstanding loan is 35k. u need to fork out 10k to settle ur loan.

Selling a 5 mth old car.. be prepared to lose $.

HolySniper SG

5mth getz? hohoho... u wil lose alot! Laughing Twisted Evil

xxRaYxx SG

U might have to parade around naked. Mr. Green

Seriously, y did u buy the getz in the first place? Did u test drive? N wad suddenly made u totally lose it?

buses_galore SG

Try tuning the engine...hehehe add a supercharger... Very Happy

FlowerGrass SG

Coz during test drive i dun really make the decision due to budget problem...
The color of the car wasn't my choice too. Too bad coz it was on offer the last time. $40999, 1.4A with sport rims, fog lamps, reverse sensor, leather seats, visor, $200 cash back and a $3.8K bank interest rebate

hahaha overall its a good car but tuning engine to what speed (Bhp) ah.

haha Very Happy

EvilPorkChop SG

if u got the rebate then guess u got to stick to the car for at least 2 years..

Confused