Web Radio
May 28, 2008
» Midday Update

Latest News
Min: °C Max: °C
» Weather Details
January 31, 2008 Thursday
Home > Latest News > Singapore
Jan 31, 2008
Buying a high-end car? You may want to wait first
By Christopher Tan & Tiffany Ng
TO BUY or not to buy ?

This is the question that is splitting aspiring car-owners following Wednesday's news of changes to vehicle taxes and COE numbers.

A straw poll by The Straits Times indicated that buyers of high-end cars are more likely to wait for the cut in the Additional Registration Fee (ARF) in March, while those eyeing mass-market wheels are going ahead and buying.

This is because the 10-point cut in ARF translates to substantial savings on a high-end car; savings for the bread-and-butter models are not big enough to make buyers want to wait.

Businessman Kevin Kwee, 37, who is due to take delivery of a Nissan GT-R and Maserati GranTurismo soon, stands to save about $9,000 and $12,500 on them respectively with the ARF cut.

'I will wait,' he said. 'Even if COE goes up, I don't think it will go up by $9,000.'

Another buyer of the $300,000 Nissan GT-R who declined to be named said he will wait till March too.

But Mr Sulaiman Omar, 46, will not.

The sales manager, who is considering a Toyota but has not made up his mind yet, said: 'If I were to make a decision about buying a car, it would be based on necessity.

'Necessity is more important than any decrease in the ARF. I mean, if I really need the car, then the 10-per-cent decrease won't matter much to me.'

Read the full story in Friday's edition of The Straits Times.

Best viewed at 1152x864 resolution with IE 6.0 or FireFox 2.0 and above
Copyright © 2007 Singapore Press Holdings Ltd. Co. Regn No. 198402868E | Privacy Statement | Terms & Conditions