Author Topic: Latio COE ends Jan 2018. Pls help me to decide quickly!  (Read 1790 times)

Offline tycosadako

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Latio COE ends Jan 2018. Pls help me to decide quickly!
« on: April 19, 2017, 12:02:23 AM »
Hi Bros. My Latio COE is ending next year Jan, have been driving the car since 2010. Everything is great and fine except for air-con and radiator. Have some questions as new to this forum:

1) Previously I went to Tan Chong for servicing for the last 7 years. Is there a 1-stop workshop that specialises in Nissan cars? I would want them to eval my car and if the car is good, may repair/replace the air-con and radiator and extend COE for another 10 years.

2) If I prefer NOT to extend COE, I may either SCRAP/SELL it. How do I calculate which one has better $ returns?

3) I may also sell it to a car dealer and get a new car from them (either Vezel, Axio, or Lancer EX - all brand new) Budget $90K.

Kindly offer sincere true advice, thanks!! :)

Offline rongshu

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Re: Latio COE ends Jan 2018. Pls help me to decide quickly!
« Reply #1 on: April 19, 2017, 12:00:15 PM »
I will face the same situation next year. My advice is check your finance situation. If you are comfortable with serving new loan and have cash for downpayment, go book a new ride. The COE will be around this level. Even more scraps next year, gaverment will control the COE not to fall.

with an old car you won't know what will fail next. I already spent almost 3k in last 6 months to fix the gearbox, aircon, engine mounting, wheel bearing. Now I feel the shock absorber may start failing, driving shaft has noise, and will need to change tyres and battery next year if renew. So there will be another 3k next year to spend if renew.

of course renew is definitely cheaper than buying new, but not much.

Renew for 10 years: yearly deprecation: (COE 50k + PARF 8k + Repair est 5k)/10=6.3k per year
Buying new car at 90k: yearly deprecation: 90K /10 = 9k pear year
(with the CEVS rebate thing, no much PARF rebate at end of 10 years.)

Offline tycosadako

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Re: Latio COE ends Jan 2018. Pls help me to decide quickly!
« Reply #2 on: April 20, 2017, 02:44:07 AM »
Is there any reliable workshop that can test the car if it has issues? I brought to VICOM, but they never find any issue.

Offline rongshu

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Offline Murugesan

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Re: Latio COE ends Jan 2018. Pls help me to decide quickly!
« Reply #4 on: April 24, 2017, 03:30:19 PM »
Nissan Latio is a good ride. My ride has 1 more year to go. Not CVT. ATF. In very good shape. Can renew COE. If high will scrap!

Offline Singes

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Re: Latio COE ends Jan 2018. Pls help me to decide quickly!
« Reply #5 on: November 27, 2019, 09:47:13 PM »
Hello,
Which insurance did you have ? This one ? https://www.axa.com.sg/car-insurance
« Last Edit: December 03, 2019, 07:36:01 PM by Singes »