Quote:
Originally Posted by Unregistered
If the additional demand could afford existing COE level they would have entered the market earlier and not hang on to their old rides till 10 years. It just means that COE will drop as many people couldnt afford todays level and will give up driving. |
Not true. They will use their cars until 10 years. If they sell their car after 8 or 9 years, they will only get paper value for their car as dealers typically quote zero value for the car body. Might as well they use their cars until the end of 10 years.
Just a reminder, it is highly likely that the
COE prices will continue to rise.
Go to the Singapore Motor Show 2015 (15 - 18 Jan 2015). Many people will be buying new cars there.