Car ownership in Singapore presents a whole set of concerns, especially in the face of skyrocketing COE prices. Requiring careful consideration are maintenance costs, road tax, motor insurance, upfront payments and depreciation, not to mention all the associated annual administrative errands and uncertainty on fluctuating insurance premiums.
Furthermore, fluid working arrangements and the return of leisure and business travel could leave the car idling at home for extended stretches of time. With a host of unforeseen considerations and challenges in our lives today, it is little wonder that many are increasingly reluctant to commit to a car purchase, much less that of a luxury marque.
This story is from the January 2023 edition of Prestige Singapore.
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This story is from the January 2023 edition of Prestige Singapore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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