COE prices for bigger cars and the Open category reached new highs for the third tender in a row, with the premium for an Open COE rising to $137,000.
image from motorist
Families with yound children face higher COE burdens?
Soaring Certificate of Entitlement (COE) premiums presents a challenging dilemma for many families. The high COE prices are unlikely to decrease significantly in the near future.
This reality forces individuals and families to make tough decisions about their finances, lifestyle choices, and future plans.
Public transportation might be accessible and affordable, but there are instances, especially for families with young children, where having a car is seen as a necessity due to the convenience it offers.
How will the soaring transportation fees affect society?
The impact of these "insane" COE prices extends beyond individual families and affects the society as a whole. In addition to COE premium, the public transportation fees are also hiked.
Some argued that it can potentially deter people from having more children, contribute to financial strain, and limit overall mobility and accessibility for families, especially those with young children.
Will high COE premiums affect your decision to own a car?
Are young families to be impacted the most?
How will the soaring transportation fees affect society?
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Will higher COE prices affect your decision to own a car?
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