Coe left 2 years 🤔
Renewing COE
Pros:
1. Lower upfront cost compared to buying a new car.
2. Lower depreciation over time.
3. 100% financing options available from banks.
Cons:
1. Loss of COE and PARF rebates.
2. Higher maintenance costs for an older car.
3. Increased road tax after the car is 10 years old.
Buying a New Car
Pros:
1. Eligibility for COE and PARF rebates.
2. Lower maintenance costs and warranties.
3. Lower road tax for newer vehicles.
Cons:
1. Higher upfront cost including the car price and new COE
Pros:
1. Lower upfront cost compared to buying a new car.
2. Lower depreciation over time.
3. 100% financing options available from banks.
Cons:
1. Loss of COE and PARF rebates.
2. Higher maintenance costs for an older car.
3. Increased road tax after the car is 10 years old.
Buying a New Car
Pros:
1. Eligibility for COE and PARF rebates.
2. Lower maintenance costs and warranties.
3. Lower road tax for newer vehicles.
Cons:
1. Higher upfront cost including the car price and new COE
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