COE is high right now with Cat B hitting $100,000. Will buying a second hand car make more sense during this period?

Definitely. Let's say you buy a new car and then you wanna sell it after... 2 years for example. The depreciation cost will be very high. I feel that buying a secondhand car makes more sense now, cause you just have to pay the remaining years + COE.

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You can consider to get a new car when COE drops. But do you think it will drop anytime soon? :')