If you want to buy a new car, buy now. Don't listen to the idiot who said COE will crash to $10k. Anyway, new cars are still very cheap. You can get good new cars at $90k or lesser. $90k for 10 years means only $9k per year to own the car. A HH with median income of $100k would spend only 9% on car ownership. This is cheap. Those with HH income of $200k or more can buy two or three new cars.