Retiring with a Car – COE prices end higher in latest tender – Certificate of entitlement (COE) prices ended higher across the board in the latest tender on Wednesday as a double-digit drop in supply of certificates kicked in.
Premiums for small cars (up to 1,600cc & 97kW) went up by 1.9 per cent to S$53,709.
For large cars (above 1,600cc or 97kW), premiums increased from S$80,210 in the previous bidding exercise to S$82,801.
For goods vehicles and buses, COE prices rose by 3.7 per cent to S$42,001.
In the motorcycle category, premiums went up to S$9,381, compared to S$9,310 in the previous bidding exercise.
And in the open category, which can be used for any type of vehicles, premiums went up by 3.53 per cent to S$88,000.
Should you be driving a car, or thinking of owning a car into retirement, what does this all mean? How should you position yourself to accommodate your desired lifestyle, for retirement?
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You can read more about Retiring with a Car – over at https://www.straitstimes.com/singapore/transport/coe-prices-end-higher-in-latest-tender-as-supply-shrinks
