To clarify, some might retort that the word legend has been overused and may not be applicable. The word may be reserved for the top crop of JDMs such as the Honda NSX, Toyota Supra or the Nissan Skyline GT-Rs.
You are looking at some of the last few models that roam the streets of the Sunny Island (Singapore), the murderous island with its laws that are unfavourable to car enthusiasts and nostalgic seekers alike (a pity due to the truly small land mass we have). I have repeated myself before and I shall not elaborate further. The culprit – the Certificate of Entitlement (COE).
With the last premium being $74,000 and $75,700 for Cat A and Cat B respectively during the last quota bidding, it takes little to realize that it just does not make any financial sense. In fact, it does not make any financial sense to purchase a car in Singapore. With a 10 year life span at any one point of time, many are left with no choice but to export or scrap their beloved at the end of the cycle.
Having studied abroad, I am more inclined to believe that there is a limit to how much I would pay for an old car, as much as I love it. My first 1996 Ford Falcon was all but A$2,000 and I sold it six months later at a loss of A$1,200 after abusing its rear wheel drive capabilities, while my Honda Integra DC2 VTi-R was pricier at an ‘astonishing’ A$5,000 and I made a profit of A$100 when I sold it off. To own one of these in Singapore now would come at a high premium (read: profits to the current owner).
Alvin and Aaron who were the organizers of this meet, are old JDM car owners themselves. Alvin is the proud owner of a Honda CRX, while Aaron is the proud owner a Toyota Altezza RS200 with both having over five years left for their COEs.
We are definitely looking forward to another JDM Legends Meet soon, and hopefully… the ever elusive Godzillas will hear about it.