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Well in Singapore, you need a COE just to buy a car, and those can run $40k~$60k depending on the car type and how many people are bidding for the limited amoun
by djsumdog 7y ago
Well in Singapore, you need a COE just to buy a car, and those can run $40k~$60k depending on the car type and how many people are bidding for the limited amount of COEs. That's not including the cost of the car, or the fact that the COE is only good for 10 years (extensions are for 7 years, cost just as much and so you're better off just selling/scrapping the car).
Singapore is one of the largest exporters of used cars because of this crazy system. It does reduce their emission though and they have an amazing fully automated (driverless) train system.
- philliphaydon 7y agoCan’t really blame Singapore tho. If they didn’t have a system as they do. The whole country would be in gridlock.
- shoo 7y agothanks for explaining about COEs for running a vehicle in Singapore. I'd never heard about them. There's a bit more here for curious reader: https://www.valuechampion.sg/basics-of-coe https://www.valuechampion.sg/basics-of-coe
- barrkel 7y agoI don't really see the crazy? Only downside is that need for a car (think disabled, or parents with disabled children) isn't correlated with wealth or income, so it may not be as fair as other systems, but rationing by price is fairly transparent.
- CydeWeys 7y agoI wish we had something like it in NYC! We're getting a congestion tax soon for part of Manhattan though, so that's a start.
- toynbee_cunt 7y agoI sold a COE last year and got a GFY from a BBC
- TheGrassyKnoll 7y agoCOE == Certificate of Entitlement