Here's everything you need to know about COE Renewal in Singapore. Renew for 5 or 10 years? Taking the best COE renewal loan, when to renew your COE and more.
The increase in motorcycle COE premiums surprised dealers, who had expected the new higher taxes to dampen demand for two-wheeled vehicles.
Excess stock of very high end cars are said to be worrying some dealers, who are stuck with a higher-than-usual inventory of unsold units.
Sales of luxury makes fell hard last year, with the tiered Additional Registration Fee (ARF) and financing restrictions being blamed.
LTA figures show that registration of ultra high end marques such as Rolls-Royce, Ferrari and McLaren doubled in May.
MAS has rejected the industry's appeal to soften the loan curbs on pre-owned cars, citing increased demands for COEs as reason.
A storm's brewing. Nicholas and Regan took it to heart and ironed out their stands on the new loan regulations and tiered ARF.
Following the tightened loan rules, used car dealers are starting to reduce prices to attract buyers, while some new car prices have gone up due to tiered ARF.
More than 85 percent of cars sold here in Singapore will be affected by the new tiered ARF scheme, attracting a higher tax amount.
Luxury marques are offering leasing options in response to the loan curb rule, with guaranteed buy back at the end of leasing term.