COEs to be scrapped in April?

kAdEn SG

Not entirely sure abt the origin of the rumors Question , but have anyone heard something similiar?

sgboy2004 SG

Then wat... hav a physical open auction where everyone will go there to bid??? Laughing

kAdEn SG

Not really sure abt that, but probably resale values of cars will fall….vehicles will be scrapped after 10 yrs cause no COE to renew.

[email protected] SG

whahaahha! u r wrong man! then there will be no 10 year limit to look at when u buy used cars! look at england. u can buy cars for as little as $2000 sing. y? becos they can use a car longer than 10 years, no COE to limit the amt of time a car can be used. so as long as a car is in good condition, it can be sold n bought. Not scrapped. Ppl scrap cars becos having to renew the COE makes it unviable and not worth it to keep a car longer than 10 years.

elawee SG

aiyoh pls...in aust a few hundred dollars can buy a car liaoz.
yes the car may be old...but still can bring u from pt A to pt B so for some students there, its a very cheap form of personal transport

in singapore...few hundred dollars not even enuff to buy the steering wheel ah!!!

tIfosI SG

Maybe you have not heard of import tax?

www SG

dont think so.

even if they do, there will definitely be an alternative to make the car more expensive.

how would our kind govt scrap such a profitable system? Twisted Evil

[email protected] SG

the point is, cars will NOT have to be scrapped after 10 years, precisely because there is NO COE to renew.
Very Happy

the Bear SG

exactly... 5 figures for a piece of paper!

man, i'm in the wrong racket! Laughing

Originally posted by www:
dont think so.

even if they do, there will definitely be an alternative to make the car more expensive.

how would our kind govt scrap such a [b]profitable system? Twisted Evil [/b]

Goodeal SG

But still cars in Sg is still expensive consider the import tax to be 130% onwards of the car value Exclamation Shocked

[email protected] SG

weee… i got a piece of brand new tissue paper. i sell cheaper lah… $500

Goodeal SG

Can anyone pls verify this rumour?
It is too good to be true...

UandMe SG

if cars in Singapore are not so expensive, u're going to get traffic jams the moment u get out of ur carpark lots...

Goodeal SG

well..that is what u r seeing in other asian countries.
seriously i dont mind seeing more traffic jam.
percentage of increase is not high either, those who can afford a car already afforded one.
those who cant now will have difficulty maintaining the car.
our car can go cheaper.
imagine u seeing all the ferrari,s lambo or porsche around our street like those benz or bimmer u r seeing now.
imagine all the boy racer change their hot drive to more evo, sti or even porsche gt3 rather than civic.
sg road is improving...with the paya lebar expressway coming out, i believe there will be no more jams in future, unless some bugs create a accident and hold 2 lanes.
anyone to confirm about the COE?