last month reported in AsiaOne that thy are more than 100,000 motorists are in the group of people whose cars are due to be scrapped or renew for another 5 years, and thy are pros and cons too, so God know Coe will be still hovering are 60K to 70+K,
LTA WILL NOT REVEAL any information, much to everyone dismay and tension, even used car association can't recall a time when the hot topic will come around, LTA will only say, let's wait and see further down the road, it's 1-1 exchange for old for new car.
If one has decides to renew to another 5 years, you lose ALL the Parf value and need to pay half the Coe price in cash, ( no loan here ) , no justification as LTA only sucks up the COE and GST part, the rest i do not want to hear as it's another topic on petrol agenda. . . Oil cartel at play as the Oil barrel drop prices, the cartels drop few cents of up 10cts, drop 0.03 cts for motorists.
Q is worth the effort to renew Coe for another 5 years ( provided if one regularly maintain our existing car in tip-top condition ),
let's say your loved your metal car so much that you're gonna to search your spare part in Old Klang or Penang for your vintage Saab or Merc car, then that is another stories altogether.
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