COE price in Singapore has been skyrocketing in the past few months.
If you bought a $TSLA car last year Mar, you need to pay $28k for COE. In this month’s latest bidding, the price for CAT B is $98k. That means, you need to pay $78k more this year just for the COE 😨. That also means if you bought your car last year and sell it this year, you will get a decent profit. Buying car at the right time can be investing? That’s almost unheard off here…
This post was originally posted here. The writer, Shanison Lin is the Founder and CEO of InvestingNote, with a username known as @shanison.
For those who has been thinking of buying cars, you might also be thinking if COE price can go up further. Is it better to wait for COE to come down or buy first before it goes up further?
This thinking should...