Tips on Buying and Financing a CAR (in Singapore)

[Musicwhiz]

So why has COE not crumbled yet?

I believe the answer lies in the inherent demand for cars as a showcase of one's wealth and status, and not just for practical means. We should also be aware that there are many cash-rich families who are willing to fork out the requisite 50% DP to own a car in order to ferry their family around.

And of course there's always the batch who can afford to borrow a significant amount to have the bragging rights to drive around this small island.

Since I have no desire to look good or to appear wealthy, I guess I will never own a car here?