Originally Posted by Unregistered

Depends on how much money you have in your account. For you, your high mileage will devalue the car to zero even before 10 years COE is up. It will also wear out your car's engine and transmission.

Best go for a low end Toyota or Honda which tend to be more durable. These 2 brands are not the cheapest though. Never buy something like a VW or anything in their group (e.g. Skoda, Seat, or Audi) even if certain models are the same price as the Toyota because they breakdown super easily. High mileage + low income better not burn yourself with a VW group car.