This Week in Cars #3 - Record High COE Prices And Why You Should Buy Used!
With COE prices at a seven-year high, this week's round-up features articles pertaining to lower car ownership costs. You can thank us later for saving you some big bucks!
In short, if you're looking for a condensed list of our weekly round-up, we have:
- October 2021 COE Results 2nd Bidding: Premiums Rise Across Every Category, Cat B and E Reach 7-Year High
- COE Hike: Why Now Is the Best Time to Purchase a Used Car
- COE Hike: Why It's A Good Time To Sell Your Current Car!
- Throwback - mReview: Kia Stonic M-Hybrid - Compact, Cheerful and Efficient
- Video: 2021 SUZUKI SWIFT 1.2 MILD HYBRID is a pretty solid choice! | mPreview
- Happenings: Motorist 4D Win: Up to $2,000 Cash to Be Won Weekly, with Just Your Licence Plate Number
Continue scrolling to read a condensed version of the articles! Otherwise, you can click on the links above to bring you to the respective article or video!
October 2021 COE Results 2nd Bidding: Premiums Rise Across Every Category, Cat B and E Reach 7-Year High
Last week, the LTA announced a greater reduction in COE quotas for private cars for the COE cycle of November 2021 to January 2022. This has triggered an uptick in prices in the 2nd COE bidding exercise for October 2021, with Cat A closing at $52,709, Cat B at $80,210, Cat C at $40,501, Cat D at $9,310, and Cat E at $85,000.
For a detailed breakdown of COE prices, and comparisons to prior biddings, click here!
COE Hike: Why Now Is the Best Time to Purchase a Used Car
We’ve all had those passing thoughts: “A car would do me some good”. Perhaps you may have even shortlisted a few potential vehicles that you’d like to buy. But alas, the timing seems to be all wrong. With COE prices at a seven-year high, it makes little fiscal sense to purchase a brand new car. It’s back to public transport and private-hire cars for the time being then.
Or is it? Find out why you should buy a used car here!
COE Hike: Why It's A Good Time To Sell Your Current Car!
It’s not easy determining the right time to sell your car. There’s this whole depreciation thing to contend with - a wrong move can potentially lead to big financial losses. We’re not actually touching on the sales process itself - that’s easy enough, and we can assist you through the entire process. We’re talking about figuring out the car markets, prices, and of course, the timing.
Read the complete article here!
Throwback - mReview: Kia Stonic M-Hybrid - Compact, Cheerful and Efficient
The compact and sporty Kia Stonic M-Hybrid now comes with mild hybrid capabilities, making it fun to drive while also keeping petrol costs down. Enter the Kia Stonic M-Hybrid, the compact but capable crossover model in the Korean automaker’s range.
With COE prices at a record high, it only makes sense you'd look at a Cat A for reduced financial strain. The Stonic is a prime example of a Cat A car executed very well. Click here for the full review!
Video: 2021 SUZUKI SWIFT 1.2 MILD HYBRID is a pretty solid choice! | mPreview
We’ll say this from the outset—the Suzuki Swift 1.2 Mild Hybrid is a give and take kind of car. But if you’re on a tight budget and are simply on the hunt for cheap and cheerful hatch, you’d probably already be okay with some give and take.
If you'd prefer your Cat A car in hatchback form, look no further than the Suzuki Swift!
Motorist 4D Win: Up to $2,000 Cash to Be Won Weekly, with Just Your Licence Plate Number
Your licence plate number could help you win up to $2,000! Register your vehicle now in the Motorist App to take part in the Motorist 4D Win! Motorist App users will be able to participate in our weekly Motorist 4D Win draw by simply registering a vehicle on the Motorist App.
The licence plate number of your registered vehicle will be your entry to the draw. Simply match your licence plate number to our winning 4D number, and you will stand to win up to $2,000 in cash. For full terms and conditions, click here!
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