It’s Ok To Buy A New Car Now

Written by Cheryl Tay on . Posted in Cheryl Tay Blog | Blog Post of Cheryl Tay

The Sunday Times

My Lifestyle, My Drive

15 May 2011

 

By CHERYL TAY

23__1305104514Mr Ron Tay (above), 22, got his driving licence last August and is now driving a new Toyota Vios.The first-time owner paid $90,000 for the car, of which almost $50,000 was for the Certificate of Entitlement (COE).

 

“By the time I was ready to buy a car, the COE prices have shot up. I need a car to get around due to the nature of my work,” says Mr Tay, who works in the sales line and has to travel in his job.

 

He adds: “Had the COE prices not been so high, I would have gone for a bigger car like the Toyota Corolla Altis. But anyway, the Vios is just as fuel-efficient and practical, so it is just as fine an alternative.”

 

Ms Mary Yeo (below), 38, bought a Mercedes-Benz E250 last December at $228,000 with a $62,400 COE.

23__1305104524

“The last time I bought a car was five years ago and it was shared among other family members. When the car was not available, I would take a taxi but at times, especially when you need it most, it is difficult to get a taxi. So finally I decided to just get a car for myself,” says Ms Yeo.

 

Using the car to commute between office and home daily, as well as to her various work appointments, Ms Yeo’s life is a lot more convenient now, without having to figure out a sharing schedule with the family.

 

“When I was deciding which car to buy, the high COE prices were not too much of a concern to me because I do need the car. Having one car for the whole family to use is quite a hassle and increasing work commitments pushed me to make the decision,” she adds.

 

Both Mr Tay and Ms Yeo preferred to buy a new car rather than a used car and they were prepared to pay the high COE prices.

 

“My parents used to drive pre-owned cars and we encountered bad experiences, thus swearing off secondhand cars,” Mr Tay explains.

 

For Ms Yeo, the fear of technical problems from a second-hand car put her off the idea.

 

“Sometimes there might be problems that surface much later, after you’ve driven the car for a while. I rather not take that risk and buy a new car for peace of mind instead,” she says.

 

*This was first published in The Sunday Times.

 

Source URL: http://mylifestylemydrive.com/index.php?c=article&id=23&title=It’s-ok-to-buy-a-new-car-now

Cheryl Tay

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Singapore’s only female full-time motoring and motorsports photojournalist. Independent automotive consultant and prominent local motorsports personality Cheryl Tay is uniquely passionate about all things cars and motorsports. She also has a strong passion to share her interest and knowledge, hence having a dream to become the ‘Oprah Winfrey of cars and motorsports’ and create a multimedia platform for her sharing. - A female in a male-dominated world, Cheryl Tay is Singapore’s only female full-time motoring journalist and motorsports blogger and she regularly writes for prominent titles in Singapore, Asia and internationally. (See full list of titles that Cheryl Tay writes for here.)

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