Many people are getting new cars while COE is still affordable. I remembered COE price alone went to $100k last time for small cars. My salary in 2006 was $60k pa, now 10 years later it is $120k pa. About the same for my wife. In 2006, we bought a $50k plus car, now we can still afford a new $100k plus car which is $50k more expensive ($5k pa more expensive, spread over 10 years) but our combined pay increased by $120k pa.

Nowadays a $100k plus car is cheap and good. No need to buy the expensive brands because the dealers' margins for those brands are huge. Once you drive off from the showroom, the car value drops like a rock.

Better to buy a new cheap, good quality car and save your money to buy high dividend stocks.