Dunno is good or bad news...
LTA announces the reduction in Road Tax by 15%. That means to say, we will be paying less for our vehicles road taxes...
But, here's the catch...
The rise in Electronic Road Pricing and increase in the number of ERP gantries.
That means we will be paying more for the usage of the cars rather than owning a car, as declared by the goverment...
But another piece of news...
The government announced on Wednesday that it will curb vehicle population growth, from 3 percent to 1.5 percent from next May.
That means COE prices for new cars will go straight up. COEs will costs more, while road taxes goes down. Even an idiot like me will know that it will cost more to buy a car, and cost more to use it.
In other words, guess who's the winner?
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