Forum writer Frederick Tan Huay Teong pleaded to the LTA to allow extension of COEs for another 5 years and owners can have the option of renewing it year by year. This is good for those who are cash strapped. There is no issue on the condition of the cars as most of them will be like new. Scrapping them at 10 years is a waste.
The current system allows renewal on another 10 year basis. Hmmm, it may be a good idea. But too complicate a system to manage. But what is the advantage from the revenue point of view?