The prices of cars in Singapore are still appreciating.
On 2 May, I mentioned that "in August last year, I convinced my mom to change her car" and "we decided on a Mitsubish Lancer Mivec 1.5 for $60k .....Guess what, it would cost her about $80k now to get the same Mitsubishi 9 months later!" Well, guess how much the same car would cost today? $87,988!
I blogged about buying a new car for myself on 1 August a few months ago. The "final price is $71k for a new Mazda 2 Sedan with leather seats and solar film." Guess how much it would cost today? Get ready for this really eye popping price tag: $96,988!
I am very happy to learn this but it is scary at the same time. Talk about inflation!
Tea with AK71: Buying a car now?
Tea with AK71: Bought a new car!