The COE prices are creeping up and there are no end in sight. The era when COE hovers around $20,000 plus is now history to many car owners here in Singapore. Now, is this the best time to buy car? If so, what brands and mode?
The financial considerations is straight forward. The Japanese Yen is hovering around SGD$1.6 for each 100 yen. While the Euro has weakened to around SGD$1.75 for each Euro. With the contrasting currency movement, the resulting scenario is pretty apparent. Most Japanese cars (Mitsubishi, Toyota, Nissan and Honda) are hovering around $140k to $160k. This is an unprecedented era when the delta between the Japanese brands and the more prestigious continental brands narrows to a small gap.
Eventually, I bought a "baby beamer" 320i @ $172,800. Not sure whether this is a correct decision but I would leave time to judge my decision as we enters into Year 2011.
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