Renew COE for 2004 CLK200?

[Netdreamer]

Guys,

 

I am thinking very hard whether to renew the COE on my ride.

It is due in Oct.

Condition is good and mileage is low.

 

Option 1

Renew the COE

Paper value $37k + COE ~ $75k means that annual depreciation is around $12k

 

Option 2

Buy another CLK ... LOL.

There are a few on sgcarmarts.

Depreciation is around $16k, I think.

But I get a newer car.

 

 

 

Any bro in this before and decide either way.

Can share?

 

[Gareth]

If its because of sentimental value, then scrap the car. But if it's because of money sense, then keep it.

[blackmercs]

Keep the car & renew the coe, since the car condition is good. Newer car but with higher dep value and unknown condition, the choice is clear.

[Poolfan]

I would renew the COE as well as the history of the car is known ... A old merc is like an wine ... I visited the Mercedes showroom in Paris and I absolutely love the 1960 SL and the old models that they put on display.

 

Buying 2nd hand ........ bigger risk as the history is unknown.

[Netdreamer]

Thanks for all the comments.

Anyone know the history of this vehicle?

http://www.sgcarmart.com/used_cars/info.php?ID=374140&DL=1242

[leftfield]

I say scrap it.  The previous gen of mercs were not exactly Mercedes' proudest moments.  They were trying to cut costs and this resulted in quality issues with the w211 and w203.  I believe the CLK was based on the W211.

 

Unlike the old w124 and w126s there are built to last, I dont think the CLK200 is a worthwhile car to keep for > 10 years.

[solar]

Another way of looking at it... depreciation 13k vs 16k.

Do an estimation of your annual running costs that will increase with the old car.. like

road tax, overhaul or repairs, fuel consumption, etc.

Then see got worth renewing or not.

[CLK57]

How low is the mileage?  If it is 100K+ km, the gearbox may need some overhaul within the next 10 years.  I have a 2005 CLK, mileage 100K km, just replaced the Super Charger, repair oil leaks, replaced underchassis arms and water pipes.  I will renew COE in Dec 2005,  if the COE is then less than $50K. 

[Netdreamer]

Mileage is about 120k.

At least u have one more year.

I doubt the Coe will come down within the next 6 months

[thaiedwin]

at least its considered low mileage works out 120k is about 14k per year.....

 

should work out just fine since deprecation wont go any much further...

The good is CLK class is no longer in production, the bad after 10-15 years might have some issues in finding parts after the last batch of CLK class reach COE limits

[CLK57]

For COE cars, you cannot buy comprehensive insurance, only 3rd party, as I was told.  That means if car kenna stolen, good luck to you.  Only claim back the remaining COE paid.

[thaiedwin]

isn't that around the car remaining value? Scrap value is around 3-10k + COE?

 

But the bad part is u have to get LTA inspection every year also

[Ah Bui]

And higher servicing cost.... and not forgetting 10% increase in your road tax every year...... Personally... unless you really like this ride and are prepared to bear with the projected problem that going to come with this 5 speed Kompressor engine... I say scrap it..... But then again... it's your call...

[CLK57]

isn't that around the car remaining value? Scrap value is around 3-10k + COE?

 

But the bad part is u have to get LTA inspection every year also

 

Once you renew the COE, the PARF value is gone.  And if the car caught fire or stolen, there is no more" body value", only left with the remaining unused portion of the COE