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



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.


“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:’s-ok-to-buy-a-new-car-now

Cheryl Tay

Twitter Facebook Google Plus Linked In
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.)

Contact us

For invites, request of services, pitches, story ideas, feedback or any other enquiries, kindly email

For submission of press releases and latest news, kindly email

Tips for sending news releases:
- Include text of the release as part of the email message
- Attach press release in MS Word/PDF format
- Include low-res pictures in the email
- Hi-res pictures downloadable via a link or available upon request