WongCH SG I want to buy a COE car but not enough cash to fully paid. is there hire purchase available for COE car? i only saw hire purchase for less than 10 years old car.. please help. thanks.
gentlerock SG Hi yes....there is hire purchase for COE cars. For example, these: http://www.sgcarmart.com/main/info-20YxAneo-1003.html http://www.sgcarmart.com/main/info-20biIkHZ-1031.html etc etc (Read the "Description" sections). There are some things regarding COE cars you should know (if you still don't): - Many COE cars have almost no resale value, so you're probably stuck with it. - COE cars have no scrap value (except for the remaining COE rebate). - Condition is unlikely to be that good (there are exceptions, if you're lucky). - Parts may be a difficulty (depending on model and part). - Road tax is 10% more expensive per year, capped at 150%. - Fuel consumption is usually high due to old technology and wear and tear. - You need to bring it for inspection every year (S$100-200 each time).
