Monday, December 31, 2012

Wait for lower COE prices

William, an ex- car dealer, advises the public  not to rush and buy a car now, but to wait 1 or 2 years for the COE price to drop.

1 comment:

yujuan said...

International surveys show the best deal is to get a second hand car, as opposed to getting a new vehicle or even leasing.
Specifically for Singapore, it's imperative to check when there was a large cohort of COEs in a certain year, meaning many cars were scrapped, then give a time span of 7 to 8 years for the next scrapping, then go buy a new car.
If my memory dun fail me, the year 2008 was flushed with COEs, then 2015/2016 would be the best years
to hit the show rooms, just in time for the GE 2016 for Govt to crank up sweetening machine for some action to contain its' rise.
Meantime, the best bet is still a used car, AA could help to assess the car's usability.

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