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Old 20-04-2016, 10:34 PM
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Can I get some advice here? I bought an Estima with COE of $89k costing S$190k in 2012 but with 100% loan. Now that COE has dropped, should I keep or change cars? If I change, I need to TOP up S$30k difference and pay 50% down payment but if I keep till 10 years, it will likely be very high COE again. So what should I do?
Since your high COE car already 4 years and currently COE is cheap. You should scrap it and get a new ride. And stay with the high quota period. Many of my colleagues are joining into the high quota period to avoid getting caught at the COE drought which is expected to come 2020. Garment is stupid not to level out the quota. People can just ride the high waves and let those rich suckered bid high $200k for their COE in 5 years time. Huat ah.
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