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Poll : 21st March COE CAT A

Lobangking88

By Lobangking88,
in General Car Discussion

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Poll : 21st March COE CAT A  

57 members have voted

  1. 1.

    • Cat A COE <$11000
      1
    • CAT A COE >$11000 - <$13 000
      25
    • CAT A COE >$13 000- <$15 000
      22
    • CAT A COE >$15 000
      9

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Lobangking88

Lobangking88

Neutral Newbie

I feel that COE will remain high and might go above $13 000.

ADs are looking at above $15k on the next few COE's bidding from some discussions we had...wonder how true.

Wat do u think ?

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Nazaki

Nazaki

Clutched

I think this week one sure expensive too..

 

ALot of ppl have ordered the cars but didn't receive COE the last time rd..

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Ahyoo2002

Ahyoo2002

2nd Gear

to me, all are illusion by car dealers trying to convince potential car buyers that COE will go high high and never come down [:|]

 

Maybe for this round can be higher than last round.

 

But we can get some clue from the number of bids received so far:

Bidding status as at 20/03/2007 14:23:07.95 hrs

Category Current COE Price ($) Quota Bids Received

A Car (1600cc & below) &Taxi 1 2,669 323

B Car (Above 1600 cc) 1 1,272 23

C Goods Vehicle & Bus 1 835 133

D Motorcycle 1 450 104

E Open 1 1,289 202

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Edenboy

Edenboy

Neutral Newbie

Let us study the situation going into this bidding.

 

1. Lots of outstanding bidders haven't got their COE

2. Govt announce cut in COE

3. Govt considering cut Road Tax

4. GST going u 1st July 2007

 

 

based on the above, i dun see COE dropping at all unless the following happen

ADs (BM, KH, TC) all computer down for 3 days and are unable to submit bids.

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Liping24

Liping24

Neutral Newbie

Its a vicious circle..

Many of my friends have paid up the $2-3k asked for by their SE, with the VERBAL guarantee that they will get their COE by the next bid.

I was chiding my friends for having waited and finally decided to book their dream car when the COE/price is at its lowest, and yet now they don't see the irony of paying $2k more for the same car. Which will come back to roughly the same price as 'before' the COE crash, in which they would not have considered buying at that time!!

 

All of them stated the COE quota reduction, GST 7% and high demand as their fear that if they did not top-up,they will 99% not get the car. So paying $2k more is BETTER than FOREVER not getting they dream car at the still 'reasonable' lower price(as compared to current and future higher pricing).

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Ahyoo2002

Ahyoo2002

2nd Gear

haha, the tactic is make you think car price is cheap and you commit.

 

After you commit, tell you can not get COE and car price will go high high, as those people who commit are likely happily or eagerly waiting for their new cars, they are unwilling to back off due to whatever reasons they can think of, so they top up, in the end LL, back to square one and bring in more sales for the car dealers [shakehead][thumbsdown]

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Alfc

Alfc

5th Gear

This is all a controlled game. My guess is will go up but only just by $1-2k. The game is always go for big drop to attract the crowd and then pace it with a gradual increase so as not to scare the fish away but to entice them to bite the bait (top up a bit). Until this crowd is exhausted then planned for a one-off big drop again to rein in new batch of fishes....

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Alant

Alant

1st Gear

As in this case your friend need to top-up $2-3K for their 'verbal' guarantee for the coming COE tender...what if they still cannot get the COE since it is only verbally agreed. Won't it be better off to get the CAT E COE during the COE crash...though they will getting a low COE as compared to other months. But they don't need to top up and that will actually save on the loan amount and interest.

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Unic

Unic

1st Gear

[nod] They can controlled to put it how many bids, after all, their agreement to buyer is within 6 bids. The last coe bidding is an good example, they did not bid for all their customers because they do not want to price to go up too high. So, if an buyer see that their car dealer did not bid for them and their SE call up for them to top up. Ofcos kancheong and agree to the top up.

 

So, my advise to those who did not get the coe, if you are not urgently need the car, stay cool and wait for the car dealer to get you your coe by 6 bids [thumbsup]

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Liping24

Liping24

Neutral Newbie

Somewhere along the road....my friend was convinced that having a 'cheap/low' COE will cause the car value to be 'worth' less when it comes to selling. Which I am going to highlight below.

 

To have a $5200 rated COE which means you will get back lesser when you sell it in three years time (5200/10 x 7 =)$3640. (COE rebate)

Compared to having a $13000 COE(after toping up ONLY $2k), which means they will get back more when they sellin three years time ($13000/10 *7 =)$9100. (COE rebate)

 

9100-3640=$5460! By paying 'just' $2000, they 'earn' $5460!

Which is a very very strong reason for my friend to top-up!

 

So there you go....buying cars in Singapore is really a mathematical game!!

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Windwaver

Windwaver

Turbocharged

Ya lah, that is if that buyer actually dun drive up to 10yrs and can break even earlier. With those people taking 0% down 10yrs, you think can break even?

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