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Why Are Our Car Prices Are So Affordable?
In Singapore, although we are the number 1 most expensive city to own a car however all our cars come with COE (Certificate of Entitlement) which only allows all the cars to be on the road for 10 years. After 10 years of age, all our cars either need to renew COE (ranging USD $30,000 – $40,000) in order for the cars to be on the road for another 10 years or they need to be SCRAPED
The cars that need to be scraped can also be exported or sell to so called exporters. However the prices are ridiculously low offered by the exporters. Hence SAC is here to eliminate layers of middleman and ensure that Singapore car owners are able to sell their cars directly to the End Car Owners who are also paying layers of commissions for their vehicles. The low prices are standard in Singapore. only singaporeans will know. But not overseas people
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IS IT BETTER TO SELL YOUR CAR OR EXPORT YOUR SOON TO EXPIRED COE CAR?
Is it better to scrap or export your used car? Singapore is a country with limited land resource and is also one of the core reasons why there is such thing as COE (certificate of entitlement).