COE is now cheaper than a Big Mac meal.

My parents just got their jumbo-mambo moving machine changed into one that is both pocket and environmentally friendly. On top of the expected future savings in terms of petrol expenses and monthly payments, a bigger savings came after the results of the surprisingly cheap COE premiums. Now the news is COE premium is now cheaper than a Big Mac Meal.

“Certificate of Entitlement (COE) premiums for the small car category (1,600cc and below) have hit rock bottom in the midst of softening demand. It crashed to an unprecedented $2 – an almost 100 per cent decrease from the previous price of $10,455.”           Wed November 19, 2008, AsiaOne.com

My mum is a happy girl with this extra savings for her business (ahem shopping) trip in Shanghai.

We are one of the lucky 1851 bidders!