Singapore’s COE Climate

Car ownership in Singapore has become increasingly difficult due to high COE prices. There has been a steady upward trend in COE prices these past few years, and they are now the main factor driving customers’ purchasing decisions and the entire car ecosystem.

A Certificate of Entitlement (COE) grants a driver the legal right to own and use a vehicle on the roads in Singapore, for 10 years. The motivation behind COE was to regulate the number of cars on roads. Over the years, COE prices ironically escalated as automobile demand grew. Towards the end of 2023, COE premiums grazed the $150,000 mark for Cat B cars.   This was a trigger warning to many potential buyers, prompting them to reconsider car ownership altogether.

Reduced Affordability of Smaller Car Models During COE Peaks

Prospective buyers eyeing smaller cars are hit the hardest during peak COE levels. Despite having reasonable base prices, elevated COEs can constitute a whopping 70% of the total financial outlay, making even small cars unaffordable for buyers with a budget.

Steep Starting Costs for Larger Vehicles

Large Cat B vehicles, such as the Mercedes-Benz GLC250, are preferred choices for big families. COE prices for Cat B vehicles are exorbitant; on top of the actual car cost, this can add up to a harrowing figure for families already laden with other considerable expenses.

Why Pre-Owned Cars Make Superior Choices in Today’s Market

Buyers have been turning to pre-owned cars for sale as sound choices in today’s market. Bearing a lower financial cost as they are further along their COE lifecycle, these cars make car ownership financially feasible. If well-maintained, second-hand cars can make superior choices in today’s market.
 
Republic Auto is one of Singapore’s most esteemed and largest pre-owned car dealerships, and we offer only the best condition second-hand cars for sale. At our trusted dealership, buyers can purchase their premium quality dream cars at great prices.   

Republic Auto’s Promise of Quality

There are downsides to purchasing a car from the second-hand market. The used car marketplace lacks regulation, making it tricky to navigate. Numerous second-hand car buyers have walked away with less-than-ideal cars, which they may have paid too hefty a sum for.
 
Republic Auto is a premium pre-owned car dealership that is determined to making everything from practical daily drives to dream luxury cars   accessible to all. We   seek to redefine value in today’s car market, by offering premium quality second-hand cars at accessible prices. With an understanding that second-hand cars come with potential deficiencies, Republic Auto gives our utmost , rigorously checking and meticulously restoring every car, before listing it for sale.

We have a rigorous set of standards that all cars we bring in must meet. The process that follows this is comprehensive: inspection of vehicle history, mileage, car purchase documentation, maintenance of interiors and exteriors, refurbishment and replacement, and a mandatory test drive to ensure all is in working order. With Republic Auto, you will find a selection of as-good-as-new pre-owned cars to fulfil your driving dream.

Republic Auto prides itself on being a trusted guide in every second-hand car journey. From browsing our showroom to selecting your final car, we walk you through every step of the way, so your dream car finally becomes your actual car. We are backed by strong after sales expertise from the Jardine Cycle & Carriage team, so we can put your mind at ease should any post-sales issue crop up. With complimentary extended warranty and servicing for every car purchase, the pre-owned car journey is unbeatable at Republic Auto.

For confidence, trust, and quality, head down to the Republic Auto showroom to browse the sleekest range of second-hand luxury cars for sale!