Quote:
Originally Posted by Unregistered
Honestly anyone who has to wait for COE to drop before buying a car shouldn't be driving anyway. The COE correction is a drop in the bucket compared to the cost of maintaining the car.
If you currently have and need a car and you looking to replace I can understand that you hope COE will go down. But if an aspiring car owner is timing the COE in order to buy a car its best the individual save the money on more worthwhile things instead of a large depreciating asset. (because you will lose much more in the long run)
Perhaps the government should let the COE drop but tighten the bank loans.
I just got my Cat B as well, if the COE drops so be it. I didn't buy a car to worry how much the COE was going to be in a year or 2 time.
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Me too just got my
COE Cat b $72k.
My ride is coming to 10 years and I find it hard to give up driving.
I believe there are many people out there who would buy new car when theirs expire
So what does huge de registration equate to
COE plunge?? Dont think so.