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Consumer Reports says after one year, a new car on average depreciates 27 percent from its sticker price; after three years, it’s worth about half. All Consumer Reports material Copyright 2018.
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Used cars are a popular option because of their affordability. The price difference is substantial. A very new car can be bought for as low as S$80,000 given prevailing record low COE prices. However,
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Tesla’s success at making desirable high-end electric vehicles has done wonders for public acceptance of zero-emission cars,
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