As COE premiums set new highs, should I renew my existing certificate or buy a used car?

Record COE premiums have put new cars increasingly out of reach for Singaporeans. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE – With certificate of entitlement (COE) premiums setting new records in 2023, new cars are increasingly out of reach for Singaporeans.

A new Kia Cerato sedan, for example, is going for $146,999, up from $102,999 in 2021.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.