Mark

09 Jun 2022

∙

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

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Vernice Ng

10 Jun 2022

Community Manager at Seedly

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.

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

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Does it make more financial sense to purchase a COE car (Cars renewed for 5 years, but i get no money back) or a newer car that allows me to get back the PARF value?

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