My current car is 11 years old Toyota Estima registered in May 2009. I purchased the second-hand car in Mid 2017 with a mileage of ~100K. It was decent, since yearly mileage is less than 15K which is considered low. Last year, I extended 10-year COE, which I also shared a post.
Renew Car COE 5 years or 10 years?
NEW CAR - HIGH CAPEX, LOW OPEX
Since 2016, I have spent relatively little CAPEX compare to years before that, where I owned two brand new BMWs from PML. I drove a BMW-320 from 2008 for 3 years and BMW-523 from 2011 for 5 over years. The OPEX is really low aside from normal regular services and tyres change. This is because of their brand-new condition and the warranty given by dealer.
Emotional farewell to my remarkable driving machine!
OLD CAR – LOW CAPEX, HIGH OPEX
On the contrary, I have incurred significant OPEX for my current Estima, which I own for slightly more than 4 years now. Since the purchase,
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