Does it make more financial sense to purchase a COE car (Cars renewed for 5 years, but i get no money back) or a newer car that allows me to get back the PARF value? - Seedly

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Asked by Anonymous

Asked on 04 Nov 2018

Does it make more financial sense to purchase a COE car (Cars renewed for 5 years, but i get no money back) or a newer car that allows me to get back the PARF value?

I'm looking at a cheap and easy to maintain car that is able to support my sales job. Assuming both the car condition is good.

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Jim Ng
Jim Ng
Top Contributor

Top Contributor (Nov)

Level 5. Genius
Answered on 05 Nov 2018

What is the trade off here?

Can you give more details?

How much does it cost to purchase the COE, and what is the potential PARF Value that your newer car can give?

Provide more information so that it's possible to crunch the numbers and make an informed decision.

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