My car’s Certificate Of Entitlement (COE) is ending in Dec this year. It is common that car owners at this stage would start scrolling through sgcarmart.com for the possible next ride.

New Or Used

The first question on my mind was, to buy a new or an used car?

The prevailing COE at the time of writing was S$52,301. This amount is much higher than the total car price that I have paid for my current cheapo Korean car. I have an anchoring bias and it is difficult to pay for something that cost me much cheaper before. Somehow, I just can’t bear to buy a new car now solely based on the COE price.

So the answer is to look for an used car.

It would be confusing if we merely look at car price alone, because they have different makes and models, and registration dates. The most consistent way ...