By Taufiq Zalizan

Today-Oct 13, 2023

Certificate of Entitlement (COE) premiums, which form a bulk of a new car’s price tag, has been skyrocketing and breaking new records in recent months. Yet this does not seem to diminish Singaporean’s desire to own cars, driven by utility reasons and non-tangible benefits. For some, this means buying a used car instead of a new one, monetzing the car via carpooling or turning to long-term leasing instead of buying. Dealers meanwhile try to make it easier for buyers to afford more costly cars by offering more perks such as longer warranty, or lower down payment amounts. Experts however say that as the Government continues its push for a car-lite society in land-scarce Singapore, it is inevitable that many would not be able to fulfil their dreams of owning a car. Read more at: https://www.todayonline.com/big-read/big-read-despite-sky-high-coe-prices-singaporeans-car-dreams-never-fade-2281146 First published in Today