Car costs... and how to reduce it...

How a car price balloons from $16.5k to $137k! More than half goes to the government much thanks to the sky high COE prices. Wow. 

So.. how to reduce your car cost?

1. you can bid for your own COE so that you have better control over the price and not pay so much to the car dealer. after being successful, you'd hv 6 months to find a car (read: bargain with car dealers). 

2. if not getting new car, can just renew COE within one month after the current one expires. It will be the average of the past 6 months' bidding price. 

Try bidding $1 for COE every month? then car cost will reduce by 50+ % to  less than $60k.