Viewpoint: Should you revalidate your COE?

According to a recent report in The Straits Times, more car owners are opting to keep their 10-year old vehicles by revalidating their COEs. Industry experts attribute this trend to owners finding the option more attractive than forking out bigger sums for a new car. Will the rise in the number of revalidated COEs impact COE supply and the overall automobile market? What should you consider before taking up this option? Lee Nian Tjoe, Senior Transport Correspondent at The Straits Times shares his viewpoints.  See omnystudio.com/listener for privacy information.