Nice Car or watches?

[Trinidad]

IMO COE is in the wrong direction as it taxes ownership, not usage.

It results in more usage as since you already paid so much, better use the car.

Congestions are caused by usage, not ownership. People feels less pain when it's a sunk cost and deducted fixed amount every month.

They should take away the COE and bring up ERP to cover the revenue partially. Eg. $50 to enter CBD at peak.
Factor in cost as at least $1k to drive into town during peak a month everyday.
Then people will consider parking their car and take public as they have better incentive not to drive everyday.

It will also benefits people who need cars for old folks and medically unfit. As cars will be cheaper for them to own and usually they don't need car at peak hours.

Sigh, if only you were out Transport Minister...... I vote for you.

But you will be sacked, muayhahahahah.....

[Sisselsix]

If can have both is the best. But if need to choose, car will depreciate and watch sometime may have the luck to appreciate in value. You decide.

[Johnnylkh]

I rather keep keep the money than pay car duty or taxes to make our government rich....haha...
After so many oversea and back, I think our public transport system is really world class despite of the recent breakdown. There isn't much place we can't get to using public transport.

[Watcha]

IMO COE is in the wrong direction as it taxes ownership, not usage.

It results in more usage as since you already paid so much, better use the car.

Congestions are caused by usage, not ownership. People feels less pain when it's a sunk cost and deducted fixed amount every month.

They should take away the COE and bring up ERP to cover the revenue partially. Eg. $50 to enter CBD at peak.
Factor in cost as at least $1k to drive into town during peak a month everyday.
Then people will consider parking their car and take public as they have better incentive not to drive everyday.

It will also benefits people who need cars for old folks and medically unfit. As cars will be cheaper for them to own and usually they don't need car at peak hours.

[chronos]

Nv like the "idea" of giving "more" money to the govt than what's necessary....ref to the High COE.

I see it as giving money to govt who in turn use it to help those less well off through the various social welfare schemes....it's not as if it all goes directly into their personal bank account....

[watchguild]

Nv like the "idea" of giving "more" money to the govt than what's necessary....ref to the High COE.

[Trinidad]

House

Watch

Car

Preference would be house since property would be the wisest investment to make at this point

Whether it would be a wise choice as an investment depends on the price be it house, car or watch. Heh heh

[enderszonex]

House

Watch

Car

Preference would be house since property would be the wisest investment to make at this point

[Ian Limm]

Buying a Car in Singapore is the worst purchase decision you can make with your money!

Buy a $300K+ car and lose 50% of that amount in a few years, whats the point?

It is because our public transport is so bad, with all the cabbies hiding when you really need them that I had to buy... with reluctance... a car.

[socketer]

In the order
1) nice living environment for the family
2) watch
3) vehicle (A to B will do, but must be 5 star ncap)

[MTC]

Both car and watch must be nice IMHO

[kensuke.watanabe]

Selective watch has resale market value. Cars out of question.

[raystinger]

Assuming happy family, healthy wellbeing, progressive career all in place. I'll go for a few nice watches and the rest can go to car as necessary. In that order of importance.

[benny ng]

It would be interesting to see this thread in a car forum....

[Mtlim]

I would perfer both if I can...haha nice watch without car cannot goes along.