Is this a good time to get a new/change one's current ride?

Many were quite surprised by the plunging COE premiums. The big car category saw premiums dip to $200! Just a couple of months ago, the small car category premium fell to a mere $2. This sounds like a very good time to jump into the bandwagon. However, I believe that if one can hold out, it is worth the wait. Just imagine: If the COE premium fell by such a huge margin, will the agents drop their prices proportionately? Most likely not. And there is this escape clause which enables them not having to pay out the rebate. Put it simply: if one gets the ultra low COE premium, that will mean your ride will not be worth a lot when you intend to change it before the COE expires. For example: at the 5th year, your $200 COE is only worth $100! Take into the account the depreciation from day 1, is it worth the while? Worse still, if one took out a huge loan, more likely they will be in negative equity. But if you were blessed or cursed to get the ultra low COE, perhaps you should keep your ride for the full 10years? The only thing is: will Singaporeans keep their rides for the full 10 years? Majority do not..