Let it be said that buying a car in Singapore is about the worst possible investment decision you can make. Not only does it depreciate in value 10% each year, but also at the end of those 10 years, you have no choice but to take the Preferential Additional Registration Fee (PARF) rebate and register a new car – or scrap it! That’s unless you really love your car and want to spend another S$60,000 to S$100,000+ on renewing the Certificate of Entitlement (COE) for another 10 years. And that’s not even counting the 10% increase in road tax you’ll need to pay every year – up to a maximum of 150% on your 15th year of ownership. But for some Singaporeans, a car is a necessary purchase – whether it’s for driving the kids to school or needed to maintain “face” value. Either way, it’s an expense that’s always ......