Motor Mouth

Don't rush to push COE prices higher

Resist the temptation to buy a car now - doing so would cause certificate of entitlement prices to rise further

Certificate of entitlement (COE) premiums are on the rise. Compared with the start of the year, car COEs have climbed by 28 to 59 per cent to $33,199 (cars up to 1,600cc), $48,000 (cars above 1,600cc) and $52,410 (open).

Folks looking to buy a new car might be alarmed. Should they rush out to buy before prices rise further?

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A version of this article appeared in the print edition of The Straits Times on May 04, 2019, with the headline 'Don't rush to push COE prices higher'. Print Edition | Subscribe