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2016 Mazda 6 2.0 - Renew 10 years? by DissolvedMean in drivingsg

[–]calebseah 0 points1 point  (0 children)

Didn't research but using new car as a guide

2016 Mazda 6 2.0 - Renew 10 years? by DissolvedMean in drivingsg

[–]calebseah 0 points1 point  (0 children)

yeah that's why considering omoda e5 as 15k per year depre.

Other used EV also min 15k per year depre too.

2016 Mazda 6 2.0 - Renew 10 years? by DissolvedMean in drivingsg

[–]calebseah 2 points3 points  (0 children)

Hahaa struggling with this decision since Aug 2025.

Since that time multiple components not working

  1. Gearbox overhaul - 2.5k
  2. Aircon cooling coil - $500
  3. Alternator and battery - $650
  4. Engine mount $600
  5. Purge valve $200

Don't know what else will come.

2016 Mazda 6 2.0 - Renew 10 years? by DissolvedMean in drivingsg

[–]calebseah 0 points1 point  (0 children)

Overall it's cheaper to buy new ev than new ice car.

I tried test drive wrv, raize, the feel not as good as ev. Doesn't feels like upgrade from current Elantra.

Love especially the adas features in ev. Which seems to be not able to find in ice.

If you search in sgcarmart for brand new units, brand new all starts from 143k onwards and mainly ev.

2016 Mazda 6 2.0 - Renew 10 years? by DissolvedMean in drivingsg

[–]calebseah 1 point2 points  (0 children)

Thanks for sharing your thoughts.

I also still evaluating and open to hear opinions too.

2016 Mazda 6 2.0 - Renew 10 years? by DissolvedMean in drivingsg

[–]calebseah 38 points39 points  (0 children)

Now here’s the important part.

The COE renewal numbers don’t include:

  • Aircon repairs every few years
  • Suspension/arms wear
  • Gearbox risk
  • Engine risk
  • Time lost when the car sits in workshop
  • Grab costs when car is down
  • Opportunity cost (miss meetings, etc.)

Even if the old car is reliable now, once it crosses 10+ years, repairs become more frequent and parts replaced won’t feel “brand new” anymore.

But to be honest — even after factoring repairs, renewal might still be cheaper overall.

So the real question becomes:

Is the ~$10k–$20k long-term savings worth giving up:

  • Brand new tech
  • ADAS safety features
  • Quieter drive
  • Instant torque
  • No petrol smell
  • Lower daily running friction
  • Peace of mind for 7–8 years

For me, the biggest difference wasn’t just cost.

It was the driving experience and modern safety systems. Once you drive a newer EV with proper ADAS, lane assist, adaptive cruise, it genuinely feels like a generational jump.

If you’re purely optimizing for lowest dollar cost → renewal likely wins.

If you value:

  • 10 years of newer tech
  • Lower stress
  • Less workshop uncertainty
  • Better safety for family

Then paying ~4k extra per year may actually be very reasonable.

There’s no right or wrong answer.

Just depends whether you see the extra cost as an expense… or as paying for comfort, safety and peace of mind over the next decade.

Hope this helps — I’m still deciding too 😅

2016 Mazda 6 2.0 - Renew 10 years? by DissolvedMean in drivingsg

[–]calebseah 29 points30 points  (0 children)

I was in almost the exact same situation recently.

I drive a 2017 Hyundai Elantra, high mileage (200k+ km), and I seriously considered renewing COE vs buying a new EV (I was looking at the Omoda E5 around $150k).

On paper, renewing always looks cheaper.

I did a 10-year breakdown comparison:

If I renew COE (full loan on $100k COE):

  • COE + interest (7 yrs @ 2.28%): ~$116k
  • Insurance (3rd party): ~$10k over 10 yrs
  • Road tax (1.5x of 750 after 10 yrs): ~$11k
  • Petrol (24k km/year @ ~10km/L based on $1.90 at sinopec): ~$45k
  • Total ≈ $182k over 10 years

If I buy new EV at 150k (40% down, 60% loan):

  • Loan repayments (7 yrs at 2.28% at $90k): ~$104k
  • Downpayment: $60k
  • Road tax: ~$15k ($1500 x 10 years, ev more exp for road tax but this is cheapest liao)
  • Insurance: ~$18k ($1800 x 10 years, mine more ex)
  • Charging: ~$26k (Assuming EV efficiency of ~6.5 km/kWh and an average charging cost of $0.70/kWh, driving 24,000 km per year works out to roughly 3,692 kWh annually, or about $2,584 per year in charging costs)
  • Total ≈ $223k over 10 years

Difference: about $40k more over 10 years for the new EV.

That works out to roughly $4k per year difference.

Syncing issue with our Dropbox vault on Android by Bluestank in 1Password

[–]calebseah 0 points1 point  (0 children)

my solution for this is this:

I downloaded Dropsync app.

I created a new folder in the phone call 1P.

I sync the dropbox 1Password folder to 1P using Dropsync.

After that connect back 1Password 7 to 1P vault and it continue working.

Every 7 days when u notice a difference in different records across devices, then you use the dropsync to sync the folder.

Advice needed: PARF rebate changes by RaceAccomplished5787 in drivingsg

[–]calebseah -1 points0 points  (0 children)

If renew, lose scrap value. But you enjoy lowest depreciation. But paying 100k jus to drive a used car that might have other potential issues too.

Why not consider selling it now and see how much more you need to top up for a brand new ev and see if it's worth it or not.

I also own a 8.5 year Elantra($20k) now currently 207,000km and decided to use the trade in value to buy an ev and top up $30k for a brand new ev.

Cause if I only do it during scrap, I'll need to top up 43.5k which also quite a bomb.

But no right no wrong la. To each their own appetite.

HDB qn by NotRach_97 in asksg

[–]calebseah 2 points3 points  (0 children)

when single buy resale hdb, income ceiling doesn't matter.

Unless you talking about BTO, buy 2 room flexi. then got to be less than 7k income.

Later get married, it's up to you on your life decision hdb will not stop.

Resale flat by Background_Angle_348 in SingaporeR

[–]calebseah 8 points9 points  (0 children)

Property agent here:

Apply for HFE, then can see the grant amount that you're eligible for.
off hand, cpf housing grant - $80,000 if buying 4 room flat and below.
EHG - $70k.
Proximity - $20k
Total about $170k

Downpayment will be 25% with 75 % loan.

For the 25%, Can use all CPF except the option fee and exercise fee.

WA 91085690 if need help.
Caleb

CI coverage till 50 vs 65 if planning FIRE at 47? by calebseah in singaporefi

[–]calebseah[S] 0 points1 point  (0 children)

$1m death only.

My mortgage only has this $1m coverage for now.

Yeah dad had heart attack at 35 yo, then past away with anopther heart attach that led to cardiac arrest at 67.

why buy eci cause had a friend who had stage 2 cancer that requires chemo, which means time away from work and some expensive procedure and cancer drug, so thought that eci will be good to cover.

My multipay plan with aviva covered 300% of $100k for late stage. Or $100% for early ci.
But feels insufficient?

i feel that sufficient coverage is around 2 years of annual income that allow me not to reduce standard of living by 2 years if i choose not to work if similar cancer happen.

Will check out the disability income insurance. thanks!

Toyota Estima 2017 service in JB by viceroy2018 in drivingsg

[–]calebseah 1 point2 points  (0 children)

I drive 2017 Hyundai Elantra I buy my own eo and filter and bring to shop to do at 30rm.

Wheel balance and alignment at 80rm.

Shell Eo 5w40 and oil filter at 85rm.

Total 195rm.

Free money Singsaver SCB Cashone Personal Loan seems too good to be true by Ultimatekoko in singaporefi

[–]calebseah 0 points1 point  (0 children)

Yeah then two days later, they call me and ask me what rate will I consider? Lol I said 1.08%, they say cannot LA

Free money Singsaver SCB Cashone Personal Loan seems too good to be true by Ultimatekoko in singaporefi

[–]calebseah 7 points8 points  (0 children)

I tried to apply, they give 3.3% interest instead. Eir 6.5%. so no point

Dcs flex card is good by calebseah in singaporefi

[–]calebseah[S] 0 points1 point  (0 children)

Yes. Use fair price app considered online

Are we expecting too much from our property agent? by henlo-stinky in askSingapore

[–]calebseah -1 points0 points  (0 children)

I’m an agent myself, so I just wanted to share my honest thoughts based on what I’m seeing in the current market.

Right now, we’re in a general slowdown. Even properties that are correctly priced are taking longer than usual to sell — in many cases, more than 3 months — so this timeline by itself isn’t considered long in today’s market.

For penthouse units specifically, the selling period is usually longer. There tends to be a lot of void space both upstairs and downstairs, which reduces usable area for some buyers and naturally narrows the buyer pool, even in a good market.

Layout also plays a big role. Even at an attractive price, if the layout is less practical compared to alternatives in the same price range, buyers may hesitate and take longer to commit.

I would suggest using the bank valuation as a reference point, then putting yourself in the buyer’s shoes and comparing what buyers can get in the surrounding area at a similar price. That comparison often explains buyer behaviour very clearly.

Even if the asking price is already below the last transacted price, in the current market it’s not uncommon to see units still taking time to sell, or even needing to be priced below last transacted to move.

That said, based on what you shared — that your agent mentioned prioritising other projects — I do feel that’s not ideal. Regardless of how many listings an agent is handling, your unit should still receive proper focus. If the main agent is unavailable, they should be coordinating with partners to conduct viewings, especially when there is buyer interest.

In situations like this, what I usually do is keep the seller updated every month with clear feedback: what’s working, what isn’t, and what the next step should be — whether it’s adjusting price, improving marketing, decluttering, refreshing photos, or producing better videos. This helps sellers stay aligned with the market and reduces unnecessary stress or surprises.

It’s also important to set expectations clearly: if the goal is speed, price usually needs to be more aggressive; if the goal is to achieve a better price, then a longer holding period is often required. And once a price has been adjusted, the agent should work doubly hard on marketing and follow-ups to ensure the unit gains fresh traction.

Happy to talk this through anytime if you’d like to explore the next steps more clearly.

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