Sunday, March 14, 2010

Time to Buy a Car?

With the recent announcement last Thursday that the number of COE available in Singapore will drop sharply, is it time to buy a car?

Afterall, if a person has $50,000 in spare cash now, he could easily afford a Jap car. After the rise in COE prices, he might not be able to afford the same car one or two years down the road.

The Straits Times reported that Singaporeans are most probably still not in a hurry to buy cars before the rise in COE prices as most will probably adopt a wait-and-see attitude.

The rush to buy cars will take place once people see that COE prices keep increasing. That is when the panic will set in.

Are you planning to buy a car in the near future? It might be wise to actually bring forward your decision now before COE prices rise.

3 comments:

  1. No plans to buy a car anytime soon. Coping along just fine with taxis, MRT and buses.

    ReplyDelete
  2. Buy 2nd hand car lo... If u really need

    ReplyDelete
  3. I think that when the COE prices go up, the cost of a 2nd hand car will also increase.

    ReplyDelete

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