With 40% loan. It is already set until so tough to buy a car. Yet the demand is still so strong. This can only show that Singapore government is doing a bad job. Else why this pen up demand?
I am. Checked with my mechanic $1000+ for repairs and then will renew coe.
It's either flat or more. But I believe it will be more. Transport minister did said a few months ago they will not hold back COE. A lot of cars will scrap in Aug Sept period. So I think it should increase by 10% or more. Those who are buying with 6bid COE also has very good chance of getting the car. With old cars price super high. A lot a lot of people are buying new cars. I decided not to follow. Instead I will fix my car. Touch up the interior and renew COE. Maybe drive 6 months and put it in the market to sell at $10k above my cost. Which is still 50% cheaper than market asking price.quota for nov-jan will b pretty flat compared to current quarter. having said that, it's still pretty good quota. if the number of willing buyers drying up jz a little bit, the premium will drop.
I already standby cash for a 10 year COE. Gonna drive old car. Prepare another lum sum change all the wear and tear. But the workshop after checking my car. He say nothing to change. Just change engine oil, gearbox oil. Maybe lower arm change. Brake pad change. The rest only change when worn off.
