Quote:
Originally Posted by Unregistered
Right decision. I'm sure with everyone getting bonus, all want to buy new car. COE price will likely go up again. Anyway $60k for a COE is cheap. Last time COE was $100k and yet salary was lower. Now salary has gone up and yet COE remain less than $100k. Many families have household income of $200k and they only spend $6k pa on a COE, only 3% of income. So cheap. |
You haven't in the cost of monthly season parking, twice yearly maintenance, petrol,
ERP, road tax, cost of a car.
Last time,
COE also reached $2 during financial crisis. So $25k
COE is very possible as economy is heading south now - people over-leveraged with properties, expensive cars will lose jobs in downturn. They will no choice but to lelong their assets. The economic cycle will just repeat again and again as history has shown in 1985/86, 1997/98, 2008/09.
I just sit back and see what gonna to happen in 2016/2017 - no rush for me. Very cheap lelong sale coming soon... it only happens once in a decade.