Further question, if I decide to get a 10 year COE, say 6 years down the road, the maintenance is too high, can I scrap the car and get the balance COE back?
Before making a decision, here are 5 factors you should consider first:
1) Forfeited cash rebates
2) Prevailing quota premium
3) Condition of the car
4) Is the car your family heirloom?
5) Additional loading on road tax
For more information, click on https://www.motorist.sg/article/128/car-coe-renewal-how-long-should-you-renew.
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