asked about Sell Car

5 months ago

Does current COE prices affect my used car price?

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2 Answers

0
James Poon
Yes, it does. When COE goes up, demand for new cars falls and people look into used cars and can sometimes inflate the price to more than what it usually is. So to answer your questions, market prices for the used car gets swayed by COE indirectly but the market price does not swing as fast as you would imagine
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5 months ago

0
Issac

Hi Aditya, your used car's value would go up if COE prices increase, and to the contrary will go down if COE decreases.

To help you valuate your used car better, please reach out to our helpful colleagues at https://www.motorist.sg/car-valuation

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5 months ago