For the same Toyota Corolla Altis model that I bought 5yrs ago, it's now going at $120,000. No thanks to the COE's phenomenal rise in the last few years.
Same 1.6L car, just a different price.
I totally support the call to revise the COE structure to levy a higher tax on 2nd car buyers while making it more affordable for single car buyers. Maybe even allow a sharp reduction in price for COE extensions beyond the requisite 10yrs a cheaper option.
We are, afterall, using our car more as a need than a want.
Else this is simply ridiculous.
It's like that funny article where my car can buy a BMW 3 series in Europe right now. Where's the logic?