Advice please! Renew COE, buy second hand, or buy brand new?

Pigpen SG

Hello!

My car's COE is expiring in about a month and I would like some advice on whether I should renew the COE for 5 years, or buy a second hand car, or buy a brand new car.

Here is my situation:

- Car is Mazda 323.
- PARF/COE rebate is around $18k
- Car's in a pretty good shape, so I don't mind keeping it.
- I will move to another country in another 2-3 years and will sell the car then.

Thanks!

LH83 SG

If you're moving overseas in a few years time... I think it's best just to renew the COE for another 5 years...

Pigpen SG

Yeah, but if I renew COE, the PARF/COE rebate becomes $0 immediately. Let’s say the 5-year COE is $10k, that’s a total of $28k for 5 years =>$5.6k depreciation per year.

elfhunter SG

COE rebate will be zero but there will be still PARF rebate.