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Yap Junhao asked about General
about 1 month ago
With such a high COE costs nowadays and there is an expectation that COE costs will continue to increase, is it advisable to change car now to lock in the COE price? Will I make a big loss if I change car now and then COE drops by 50%?
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1 Answer
Hi bro,
Industry experts have made comments that the COE are still expected to raise.
If you have bought a car now, and for some unforeseen reason, the coe drops (changed in loan regulation for example). Everyone will make a loss as car prices will drop for sure which will impact the resale value.