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Worthwhile to get more than 10 years old car?

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Worthwhile to get more than 10 years old car?

Hi

I was thinking if it is worthwhile to get cars that are more than 10 years old? In particular those mercedes-benz, I understand these old models are quite durable. what do you think

19-09-2011, 07:51 PM   #1
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Here are the downsides of owning a car more than 10 years old -road tax loading (up to 150% of normal for 15 years and beyond). Those old mercs will cost around 1800+ PA for the 2000cc models due to this -Insurance companies, not many want to insure a car more than 10 years old (due to perceived reliability issues etc, scarcity of parts etc)

-Loans will be a problems. Chances are u need to plonk down a large percentage of it in one lump sum as downpayments, sometimes loans also totally cannot get.

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19-09-2011, 08:22 PM   #2
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not worth it imo. higher road tax...and since more than 10 yrs..funny problems will come out.

19-09-2011, 08:28 PM   #3
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Old continental cars especially are well-known for being petrol-drinkers compared to their younger siblings. This coming from a guy whose father drives a 30-year old Benz......

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19-09-2011, 08:40 PM   #4
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Would the insurance for COE cars be higher or lower as compared to normal cars below 10 years of age? Finally, isit really that difficult to find an insurance company willing to insure the car? Thanks!

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19-09-2011, 09:57 PM   #5
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go search around singapore honda club, you can find many dedicated car owners who treat such COE cars like their own children

if ur lucky enough u might get a great deal

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19-09-2011, 10:35 PM   #6
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I TOTALLY DISAGREE ! Its definitely cheaper to get a COE car . Its definitely EASIER to source for insurance . ( mostly 3rd party). If you're getting a old merc 1992 model , if im not wrong Road Tax is already maxed out . if you ask me why i get a COE car , Its more practical to drive a COE car in singapore as things are so expensive . So what if its a 10 year old car or older ? It still brings you point A to point B. If your COE car is renew-ed 10 years , JUST DONT SAVE THE MONEY and just spend on overhauling the whole engine and do some Spot-Welding to the Chassis and you get a " new " car . and COE cars please service it regularly and do not wait till servicing come than start to service. TS, why not considering honda COE cars ? save more petrol compared to conti cars. im driving a Eg9 as stated in my avatar , im getting 400km/ full tank . and i pump once a week . And definitely driving a honda you get more power from a Benz unless u want status .

I treat my car like my wife. i only wash it with my own hands and feed it with the best petrol that it could ever have. i don't other people drive my wife as it means alot to me. my first car was an ESI , some people here might know, and when the time is up end of life ( COE ends ) i brought it to dealer to scrap as i couldnt bear to see it being scrap with my eyes. its like having feelings with the car when u drive. i dont know how many ppl here feel that way about your car but i know i feel this way for my both cars.

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Last edited by domdomino; 19-09-2011 at11:43 PM ..

19-09-2011, 11:28 PM   #7
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to add on, new car 100k(10 years to drive) old car(40k+) around 7-8 years insurance cheaper. some COE cars are epic phailz.

some are worth keeping and never meant to be scrapped.

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20-09-2011, 12:00 AM   #8
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Wataru wrote:
Here are the downsides of owning a car more than 10 years old -road tax loading (up to 150% of normal for 15 years and beyond). Those old mercs will cost around 1800+ PA for the 2000cc models due to this -Insurance companies, not many want to insure a car more than 10 years old (due to perceived reliability issues etc, scarcity of parts etc)

-Loans will be a problems. Chances are u need to plonk down a large percentage of it in one lump sum as downpayments, sometimes loans also totally cannot get.

-road tax is maxed at 15 years. not much difference. u buy a car at a much lower price, u just pay abit extra road tax will kill? -Insurance companies. Open wide. many insure. and its cheaper than newer cars.

- Loans are easy to get. Who dont want to loan u? its free money(interest) to the one who loaned u the money

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20-09-2011, 12:01 AM   #9
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I think it is worthwhile if you don't mind driving such an old car.

Singapore cars have had drivers with mild driving habits. The cars are in pretty good shape even after 10 years.

20-09-2011, 10:08 AM   #10
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10years is actually very new car la. i'm not being sarcastic stating 10year is new car. Think about how small is SG only, how much millage can u clock? Cars in other countries, don't look too far, just in JB/ m'sia. 30year old car still driving around. And the millage they clocking is far more then Sgdrivers on average.

Even fresh new car gives you problems at time after 2/3 year driving.

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20-09-2011, 10:51 AM   #11
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Since when Singapore transport is worthwhile? Not even the MRT or buses hhaha.. Anyway... Honda COE cars are definately worth buying if you are comparing to those conti COE cars. In terms of moddification and parts availability. If you do a simple calculation comparing normal & conti COE cars with PARF cars the difference isnt that significant. But the choice is still yours yea. Theres always pros and cons.

Cheers!

20-09-2011, 10:51 AM   #12
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Servicing costs higher too.

20-09-2011, 11:06 AM   #13
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domdomino wrote:
I TOTALLY DISAGREE ! Its definitely cheaper to get a COE car . Its definitely EASIER to source for insurance . ( mostly 3rd party). If you're getting a old merc 1992 model , if im not wrong Road Tax is already maxed out . if you ask me why i get a COE car , Its more practical to drive a COE car in singapore as things are so expensive . So what if its a 10 year old car or older ? It still brings you point A to point B. If your COE car is renew-ed 10 years , JUST DONT SAVE THE MONEY and just spend on overhauling the whole engine and do some Spot-Welding to the Chassis and you get a " new " car . and COE cars please service it regularly and do not wait till servicing come than start to service. TS, why not considering honda COE cars ? save more petrol compared to conti cars. im driving a Eg9 as stated in my avatar , im getting 400km/ full tank . and i pump once a week . And definitely driving a honda you get more power from a Benz unless u want status .

I treat my car like my wife. i only wash it with my own hands and feed it with the best petrol that it could ever have. i don't other people drive my wife as it means alot to me. my first car was an ESI , some people here might know, and when the time is up end of life ( COE ends ) i brought it to dealer to scrap as i couldnt bear to see it being scrap with my eyes. its like having feelings with the car when u drive. i dont know how many ppl here feel that way about your car but i know i feel this way for my both cars.

+1 for u dude. People like you are getting rarer. I hope to own a JDM too.
20-09-2011, 11:14 AM   #14
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JakeTeddy wrote:
+1 for u dude. People like you are getting rarer. I hope to own a JDM too.
Thanks bro. Dont worry, i also dream that i will own a JDM too. in the end . i own a EG9 . Believe that you can make it and it will come true

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20-09-2011, 04:03 PM   #15
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