Currently, cars with extended certificates of entitlement (COEs) are subject to incremental road tax of up to 150 per cent and yearly car inspections.
Why penalise old-car owners with higher road tax when they have maintained their cars well, having passed the yearly mechanical inspections?
Car-owning retirees need their own vehicles for various reasons, such as ferrying their grandchildren to school or taking their spouse to see the doctor.
Retirees like me are prudent enough not to buy new cars,which are costly, but choose to extend the COE validity for our vehicles.
However, it seems that we are being penalised for it.
I hope the Government can review the higher road tax for vehicles over 10 years old.
Eric Tan Thian Huat
This article was first published on January 18, 2016.
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