Such an astonishing result for the start of the year would definitely attract alot of car buyers going to the showroom this weekend to check out the latest pricing for their dream car. The COE has been at all times high ever since 2013 hitting $100,000 benchmark which had broken the dream of majority ex-car owners to give up on buying a new car when their existing COE expired. It is simply too ridiculous for an ordinary person to buy a new car that costs so much. The price of the COE does not even include the price of the car. Only the rich and those who are in need of a car for their job's requirement would consider buying at this price.
I had bought a new car in Sept 2014 when my old car COE going to run up in 6 months. That time, the COE price I am paying is $62,890. After 1 year and 3 months, the price had been going down as the government releases more COEs. For those who are waiting for the price to come down, it is a happy moment for them as now the price look abit decent although it is still quite expensive. If you compared those who had bought it earlier like $100,000, $90,000, $70,000 and $60,000, you definitely get a better pricing now. Those who bought earlier like myself can only envy those who have not buy yet.
This is similar to stock investment. When the price is going up, it has to come down one day. What goes up will come down and vice versa. It's only a matter of time when you can catch a good price and went in to enjoy the fruits. As long as the price fit your criteria or requirement, go ahead with it. How about you? Are you going to the showroom this weekend to check out the latest pricing and book your dream car?
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