Commercial Vehicles COE up 20%

[Runifyouhaveto]

The Certificate of Entitlement (COE) premiums rose across the board today, with premiums for commercial vehicles registering the highest spike. This comes a week after new quotas were announced for the various categories, and is the last week before new quotas kicked in.

For goods vehicles and buses, premiums rose to S$52,010, registering an increase of 19.9 per cent from S$43,390 previously.

http://www.todayonline.com/singapore/coes-rise-across-board

 

[Runifyouhaveto]

earlier news..................Singapore’s inflation eases in June on slowing car prices
http://www.channelnewsasia.com/news/singapore/singapore-s-inflation/1278066.html

Inflation too low due to car prices. So COE needs to cheong up ???

 

[kryonlight]

Please lah! Commercial vehicle COEs has already crossed the 62K mark previously.

Actually, it doesn't matter whether the COE goes up or goes down. When they sell you a brand new pickup, for example the Nissan Cabstar, they will still sell you high at around 107K even though the COE goes down.

So, it's actually slightly to your advantage if you buy a new vehicle when the COE is high.

The only thing good about the lower COE is for those who are renewing their expiring COE for their 10 years old pickup or lorry.