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Old 13-01-2015, 07:20 PM
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COE supply to increase massively this year, just wait for few more months for cheaper COE
If you wait til Dec 2015, you can even cheaper COEs as many people will get caught by higher mortgage rates due to US Fed hike and will not spend on non essential big ticket items like cars.


Quote:
Originally Posted by Unregistered View Post
Crude oil prices down again. Petrol prices also down. This means the cost of running a car is lower, so demand for cars will rise.

If you have been taking a taxi, has your monthly taxi cost gone down? No. Taxi fares have not gone down. So taxi uncles now making more money as their diesel cost has gone down. So why make taxi uncles rich while you still have to face the inconvenience of waiting for a taxi or worse, not getting a taxi when you need it most.

Owning a car is still the best as it gives you the convenience of moving around. If you want to buy a new car for yourself or buy a new car for your wife or a new car for your adult son, now is the best time to buy (buy the cars for them as birthday gifts) as petrol prices is now much cheaper.

Demand for new cars and COEs will definitely rise and so the prices of COEs will rise.

Anyway, new cars are still affordable. You can get a good reliable car for about $100k - $120k. There are a few of these you can choose from. Don't need to waste money on expensive cars costing more than $120k. Might as well invest your money on high dividend yield stocks. If you invest $100k, a 6% dividend yield will give you $6k pa dividends which you can use to pay for road tax, insurance, petrol etc. Remember, cars are depreciating assets.

Buy your new car now before COE prices go higher.
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