COE prices have skyrocketed in 2022, with quota premiums regularly and firmly in or around the six digit mark, and this has turned off many from buying a new car.
Car owners and buyers alike are caught in a mind, unsure of when they should purchase a vehicle. Many are also trying to wait out the surge in the premiums, only acquiring a new car when COE prices inevitably fall.
But these concerns may soon be a thing of the past, courtesy of Lexus’ new initiative. With the launch of Lexus Advantage, which is an industry-first, flexible program for car purchase in Singapore, customers now have the flexibility to choose when to exercise their bid and enjoy the absolute convenience of a complimentary Lexus courtesy car while waiting for it.Customers are given additional time to make an informed decision before exercising their right to go for COE bidding and register their dream Lexus by 31 December 2022.
The program is eligible for anyone looking at new car purchases, and buyers can enjoy the flexibility to reserve a Lexus model of their choice at the current price, and decide when to exercise the right to bid. If COE price falls below the reserved price, the buyer will receive a dollar-for-dollar rebate. However if the COE price goes above the reserved price, the buyer can gain COE subsidy of up to $3,000.You’ll also have the ability to trade-in their current vehicle now to get the best trade-in value, yet enjoy the convenience of a complimentary Lexus courtesy car while waiting for the new vehicle, upon handing over their existing car. The promotion is valid for the Lexus ES 300h and Lexus NX 350h only. Other terms and conditions apply.
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