Tips on Buying and Financing a CAR (in Singapore)

[DP28]

I believe that if they separate the COE and the cost of the car from loans, i.e. no loans for COE, the prices will crumble.
But they will never do that... its an extremely easy revenue!

Under current loan curbs (which is about 50%?) - you are already effectively paying in cash for an amount roughly equivalent to COE prices. For expensive cars, its even more. The assumption is the buyer has no offset for his new car price, from old car scrap etc.

So why has COE not crumbled yet?

Look around you.. These days there are more Bentley, RR, Lambo on the street. COE is no issue for these folks. I always have an impression that the normal society never have a road full of BMW and Mercedes but now I think we are almost getting there.. Either you own a conti.. or you dont at all.