Quote:
Originally Posted by Unregistered
If COE drops to $10k, is it right to say that those who paid $80k for their COE should deregister their car? Their paper value would be more than the new car price. Assuming they have no loan on their car, they can then deregister their car and get a brand new car plus a profit.
For instance, if paper value (PARF + COE rebates) is $85k. New car (same model with $10k COE) price is $70k. So they can actually get a new car plus get a profit of $15k. If they can sell their old car body for $5k, they get $20k profit.
Is this correct? |
Yes correct. Once these high
COE cars are deregistering, the quota will be further increased, and that will further drive the
COE down
Then everyone will have a happy time with ultra low
COE.
What a great government that we have with 20/20 foresight.