Low COE prices could drive more to scrap cars prematurely

Motorists who bought their cars between 2014 and 2016 are finding it more attractive to switch to a new one now.
Motorists who bought their cars between 2014 and 2016 are finding it more attractive to switch to a new one now.PHOTO: ST FILE
Senior Transport Correspondent
  • Published
    Jul 7, 2018, 7:34 pm SGT
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Motorist Jon Yeo's pearl-white Toyota Wish - a popular seven-seater - is barely two years old, but he is considering swopping it for a brand new car.

With certificate of entitlement (COE) prices having plunged to their lowest in nearly a decade - $25,000 for smaller cars and $31,000 for bigger models - car owners like Mr Yeo are redoing their sums.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*
Subscribe now

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

Topics: