To 'Pimp My Ride' Is NOT Easy

You need to be as smart as Professor Stephen Hawkings to buy a car in Singapore.There is a lot of math to do and I am already getting migraines from all the 'Uniquely Singaporean' terms listed below

OMV : Open Market Value :The price that the dealer buys the vehicle for and officially declares it in the purchase form.
PARF : The money you would get should you decide to scrap your car in the very near future.
COE : That dreaded piece of paper.Singapore makes more money selling a piece of paper than Proton,who actually sell real cars.Think about it.

In this huge labyrinth of acronyms,it is easy for a layman like me to get lost.Especially when Seller A tells you that a high OMV value is good because you'll get better value for your car,thus justifying his high selling price.On the other hand,Seller B tells you that a high OMV is not always better,because you are actually paying more taxes to the goverment and might not be worth it.You are paying around 5k more,but you will get about 2k should you decide to do away with it later.There are also salesmen trying to shortchange you by getting a 'piece' from your old car value,charging 4% to 5% off your rebate value.

Sigh.Buying a car is a losing prepostion right from the moment you say"OK,go!"
With an annual depreciation of 5k to 10k,your 70k brand new car will be worth only 20k in 7 years time.People in other countries will scoff at us for buying a Pacific Rim(Malaysian & Korean) car for 30k to 40k.Why, a Kelisa or a Picanto costs only slightly more than a ham sandwich in Australia or U.K.