I don't get the COE thing! I just need a simple answer.. Is it a good time to buy an SUV now? Thanks.
COE is complex - all about supply and demand..the government only allows a certain of new cars on the road each year...and depending on the demand for people buying cars will push the COE prices up.
I bought a new car 5 years ago with a low COE ( tax) and because the same new car 5 years later cost double what mine did 5 years ago because of the higher COE, I can actuallly sell my car today at 5 years old for more or less what I paid for it new.
So good time / bad time to buy is dependant on the COE prices - ie buy when COE prices are low!
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