COE prices have reached all new heights in the recent times, and it could be high time for the system to be revised. Will these suggestions work?The Certificate of Entitlement is something unique to Singapore. It is a scheme that was implemented, along with the Vehicle Quota System to control the population growth of vehicles here.
And it certainly doesn't help that the demand of COE has been increasing due to various factors. When the increasing demand isn't met with more supply, the result is even higher COE prices in Singapore.COE now makes up for more than half of the total price of a typical economy car.In recent years, COE prices increased relentlessly, with Cat B reaching an all time high of $113,000 in September.
Unlike drivers who are buying a car for their own usage, a car is a moneymaking asset for a rental company, as such, companies are likely to be willing to put down a larger sum of money as long as they are still able to make a profit further down the road.
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