Saving & Spending
Bribed to buy a diesel car and regretting now.
By A Singaporean Stockmarket Investor (ASSI)  •  September 17, 2017
arlier in March this year, I blogged about how I could sell my car for a higher price when the Vehicular Emissions Scheme (VES) is introduced. This new scheme replaces the Carbon Based Vehicle Scheme (CEVS). The VES will come into effect in the new year and we will see some vehicles which used to enjoy green rebates from $5,000 to $20,000 being slapped with surcharges of up to $20,000 instead. My car, for example, will go from receiving a $15,000 green rebate to being slapped with a $20,000 surcharge. That is a $35,000 difference! Many car models which do not meet the EURO 6 standards will also disappear from the showrooms. A couple of popular examples are the Toyota Vios and the Toyota Camry. Apparently, all the models from Chevrolet being sold in Singapore do not meet the new environmental standards ......
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By A Singaporean Stockmarket Investor (ASSI)
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