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As COE premiums set new highs, should I renew my existing certificate or buy a used car?

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Pixgeneric / pixcovid/ generic pictures of Used cars / second hand car dealers at The Grandstand . CoVid19 related pictures . Photo taken on 29 September 2021. Used Car Dealerships near 200 Turf Club Rd, The Grandstand ∙

Record COE premiums have put new cars increasingly out of reach for Singaporeans.

PHOTO: ST FILE

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SINGAPORE – With certificate of entitlement (COE) premiums

setting new records

in 2023, new cars are increasingly out of reach for Singaporeans.

A new Kia Cerato sedan, for example, is going for $146,999, up from $102,999 in 2021.

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