I've booked my new car before getting the year end bonus to avoid the crowd at the end of the year. Since COE prices is likely to go up, esp the popular Cat A COE, it is best to buy now and secure the COE. Cat A COE is only $63k, this is cheap compared to the $100k in the past. Now, with so many people with high salaries and big bonuses, demand for new cars is very high. With high demand and limited road space, COE prices will only go higher. Cat A COE will go to $70k by Jan 2015 while Cat B COE will go to $90k. Many are changing to new cars before the lunar new year.