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For those who are waiting at the sidelines for COE prices to drop further, console yourselves that car prices are cheaper now than before. Back in 1997, the G8 Toyota Corolla cost $125K. The G9 Corolla dropped to $100K in 2000. Today, the Corolla Altis costs $100K with 5 years warranty and servicing thrown in. If you take inflation into consideration, the brand new Corolla today is CHEAPER than 20 years ago. With Uber and Grab in the picture fighting for a piece of the small Cat A pie, COE prices are unlikely to drop to $40K levels. If you really need a car, just go for it now, before more Car Llite policies come into place and COE quote gets cut, then we will be back to $80+K COE seen just very recently 2 years ago.
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