Anyone renewing COE this month?

richardg · 18-09-2017, 11:15 PM

Mine will expire 25th Sept.
If renew after 25th Sept and before oct 25, need to pay late charges of $100
but PQP will be lower in Oct by more than $100?
So is it worth it to delay?
Of course 25th Sept onwards, cannot use the car

Does it make sense?

Charlesnah · 19-09-2017, 06:55 AM

I doubt LTA will let u capitalise on the "saving". Better check with them if late extention which month PQP will they let you use.

Sent from my iPhone using Tapatalk

millenium · 19-09-2017, 07:43 AM

No need rush. Will be low for a quite a while.

**Ong88** · 19-09-2017, 08:17 AM

One brother says Mitsubishi new car only 70+ k

Amazing.

richardg · 19-09-2017, 09:12 AM

globalcookie · 19-09-2017, 10:38 AM

If you can renew based on Oct PQP, but only pay a late payment fee of $100, it's worth a thought. If you renew few days after 25 Sept, only inconvenienced for that few days.

Depending on Cat A or B, even if COE goes up a few thousands, chances are, you may still get to save (may not be much compared to Sept). Do your sums on how much you can save if COE goes up by few thousands.

mictok · 19-09-2017, 11:15 AM

Renew COE got to factor in lost of car scrap value, increase road tax, increase wear n tear replacement, in the end I scrap and buy another 7 years old car.

richardg · 19-09-2017, 11:18 AM

Quote:

Originally Posted by globalcookie

If you can renew based on Oct PQP, but only pay a late payment fee of $100, it's worth a thought. If you renew few days after 25 Sept, only inconvenienced for that few days.

Depending on Cat A or B, even if COE goes up a few thousands, chances are, you may still get to save (may not be much compared to Sept). Do your sums on how much you can save if COE goes up by few thousands.

yup
Cat A, Sept first bidding is only 36k
so Oct PQP sure to come down

https://www.lta.gov.sg/content/dam/l..._2015_2017.pdf

richardg · 19-09-2017, 11:19 AM

Quote:

Originally Posted by mictok

Renew COE got to factor in lost of car scrap value, increase road tax, increase wear n tear replacement, in the end I scrap and buy another 7 years old car.

only 200K mileage.. ok to retain?

mictok · 19-09-2017, 11:29 AM

Quote:

Originally Posted by richardg

only 200K mileage.. ok to retain?

Mine at 160k start to break down in last 1 year. My mechanic told me to standby $10k for changing of important parts for air com compressor, fuel pump, break pump, don't know wat coil, gear box.
Either I one time decide to change or let it slowly break down then change.

18-09-2017, 11:15 PM	#1
richardg Arofanatic Join Date: Oct 2005 Posts: 120	Anyone renewing COE this month? Mine will expire 25th Sept. If renew after 25th Sept and before oct 25, need to pay late charges of $100 but PQP will be lower in Oct by more than $100? So is it worth it to delay? Of course 25th Sept onwards, cannot use the car Does it make sense?

19-09-2017, 08:17 AM	#4
Ong88 Prof SK Ong Join Date: Jan 2009 Posts: 10,641	One brother says Mitsubishi new car only 70+ k Amazing. __________________ Just because it's a bad idea doesn't mean it won't be a good time. Use imgur for your photos sharing https://play.google.com/store/apps/d...m.imgur.mobile

19-09-2017, 06:55 AM	#2
Charlesnah Dragon Join Date: May 2001 Posts: 845	I doubt LTA will let u capitalise on the "saving". Better check with them if late extention which month PQP will they let you use. Sent from my iPhone using Tapatalk

19-09-2017, 07:43 AM	#3
millenium Senior Dragon Join Date: Mar 2002 Posts: 3,495	No need rush. Will be low for a quite a while.

19-09-2017, 09:12 AM	#5
richardg Arofanatic Join Date: Oct 2005 Posts: 120

19-09-2017, 10:38 AM	#6
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	If you can renew based on Oct PQP, but only pay a late payment fee of $100, it's worth a thought. If you renew few days after 25 Sept, only inconvenienced for that few days. Depending on Cat A or B, even if COE goes up a few thousands, chances are, you may still get to save (may not be much compared to Sept). Do your sums on how much you can save if COE goes up by few thousands.

19-09-2017, 11:15 AM	#7
mictok Dragon Join Date: Aug 2006 Posts: 1,590	Renew COE got to factor in lost of car scrap value, increase road tax, increase wear n tear replacement, in the end I scrap and buy another 7 years old car.

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