Asked on 23 Jan 2019
To speculate COE price when it was $60K, I went for an old COE Honda Civic hybrid 1.3 at 36K for 5 years.
Now COE dropped to $30K range, should I go for new car with 30%/40% downpayment = $30K-$40K, in which we can invest something else or settling outstanding loan.
This is a difficult question to answer. But it does makes sense to get a newer car with waranty, less issues, less repair cost.
The loans from Car Loans, if you are confident of beating it, do go and invest but loans repayment are guaranteed... that's my opinion
Pay down loans if you are unable to get the returns higher than the loan interest.
I think it depend on how much money you are willing to spend. maybe can try talking to the experts in the field to see what's the best plan they can have for you for both situations. My friend recently is trying to get his coe renew via https://www.motorist.sg/coe-renewal. maybe can consider talking to them to find out more!!