Saving & Spending
COE Price Declines: How Much Do Singapore's Most Popular Cars Cost Now?
By ValueChampion  •  September 6, 2018
Singapore is famous for its exorbitant car prices, largely thanks to legal requirements like Cost of Entitlement (COE) that drivers have to purchase to own a car. However, COE prices have declined significantly over the last year. In August 2017, a Category A COE cost approximately S$46,778, while they now go for S$30,209, representing a 17% drop. Category B COEs, which are required for larger vehicles, are 40% less expensive than they were in August of 2017, declining from S$53,711 to S$32,429. This drop will likely encourage individuals to purchase new vehicles. This made us wonder: how much do the most popular vehicles in Singapore cost now? Most Popular Car Brands New car registration data from the Land Transport Authority suggests that Toyotas are by far the most popular vehicle in Singapore. Since 2005, 209,846 new Toyotas were registered, much more than any other make. For example, Honda ......
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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