Guys ...need your help I might want to sell

xtreme223 SG

Hi bros,

I bought my car on 2003 , COE cost me 31k++
car bought at around 75k
downpayment 30k
parf value now at 14k++
including interest i own the bank around 27k++ as of today

now I intend to change car since the COE drop so much, do u think it is worth it?

parf value = scrap value ?
parf value remain constant during the this 10 years?

I bros here give me some advice

monoslayer SG

din even mention wat car.. Laughing

xtreme223 SG

errr…it doesn’t matter wat car right

YiFengz SG

how do u expect ppl to help when u dont even want to tell wats the car ur driving.

xtreme223 SG

I am driving mitsubishi colt sport edition

fondue SG

In the 4th & 5th yr, your car depreciate the least. Your paper value depreciation is only 3.1k p.a. up to fifth year (COE only, parf is the same throughout the first 5 years).

Unless you can sell your car at a significantely higher price than the paper value, else keep till 5th yr and re-assess the situation again.