[EvertonDiehard]

dont buy car in 2024,,, coe gg to crash, cause mkt crash and recession sure to come. coe gg to drop like a stone... wait first.

Many motorists simply cannot wait for the COE to go down drastically.  Conspicuous consumption boosts our sense of identity and also conveys status and importance.  In land-scarce S'pore, the less affluent have to make way for the wealthy; nowhere is this more clearly apparent than in car ownership. Unlike one’s private home, a set of 4-wheels is a possession that can be literally displayed at different places to a wider audience throughout the day. Car owners are perceived as wealthier and having membership to a higher social status group - not just to others, but also to themselves.