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Low COE prices may fuel scrapping of newer cars
Owners redoing sums as it's to their advantage to consider swopping for brand new car
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With the drop in COE prices, motorists who bought their cars between 2014 and 2016 are finding it more attractive to switch to a new ride now.
ST PHOTO: ALPHONSUS CHERN
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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.
