The reason why COE is so high

[starry_starry_night]

Car for lazy and rich.

Poor n hardworking ones will use legs

How dare you call our noble and mighty elites as lazy???

 

[jumpthepig]

COE is tied to stock market performance. Not SGX but the USA/HK market.

Market crashed, you see COE coming down..

Maybe also depend on MOF… how much money is required for healthcare, education and defence…

“COE revenue, which amounts to $4 billion to $6 billion a year, is used to subsidise a high-quality public transport system that is affordable, as well as other expenditures such as healthcare, education and defence, he noted.”

https://www.straitstimes.com/singap...-attractive-but-benefits-too-few-jeffrey-siow

 

[Lss]

Fastest way to reduce it is COE must self bid and not transferable. Also COE tied to the car owner and not the car.

 

[psyger-zero]

Is because people can afford it. By taking loans.

This is a typical ad.

$1700 x 12 months x 10 years = $204k.

As long as he can pay $1700 a month, he can drive a $200k car.

So if he / he & spouse take home >$7k celery, buyed a car is no problem.

So loans are a bane noted.