Well ladies and gentleman, we have done it. Cat A COE has crossed the $100,000 mark, and it looks entirely likely that it will continue to trend upwards. There's plenty to complain and moan about, but there is one particular group that I do want to address and send my hearty commiserations — first time car buyers. Car ownership in...
Well ladies and gentleman, we have done it. Cat A COE has crossed the $100,000 mark, and it looks entirely likely that it will continue to trend upwards.
Car ownership in Singapore is a complicated matter of finances and the question of 'need vs want'. A majority of car buyers are existing car owners. And, it is also worth taking into account that though it's a greatly depreciating asset , a car still has some inherent value — whether Preferential Additional Registration Fee rebate after 10 years, or resale/trade-in value.
I don't own a car. In fact, I own a motorcycle. I must concede that in my line of work, I am fortunate enough to have ample opportunity to drive new cars. I of course recognise and acknowledge that most people don't.
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