1. Price gap of new car price and renewing COE too big.
2. New car price has VES, 15 years ago there was no VES.
3. Parf is 50% of ARF now, last time was 55%, making it more expensive to write off PARF.
4. Higher dealer margin. For example, dealers make about $20k per car from a B to B car like altis, premium car even more. I dont see the same margin years ago.
5. income did not catch up with inflation , relatively, people becomes poorer against new car price ?
So when all adds up, higher new car price against cheaper PARF making renewing COE an attractive option?
Please share your thoughts. Once we have the answer, I will ask transport minister to plug the hole.
Edited by Ct3833, 26 April 2019 - 04:48 PM.