[Bigiron]

During a ST discussion, a used-car marketplace co-founder revealed that the majority of their customers, about seven or eight out of ten, opt for loans when purchasing cars, often registering them as private-hire or corporate vehicles.

This contradicts Acting Transport Minister Chee Hong Tat's earlier statement in parliament on private-hire cars' influence on COE prices, leading online communities to question the government's stance on easy private-hire vehicle financing and advocate for COE system reforms.

https://gutzy.asia/2023/12/12/easy-finan...ar-dealer/