CB: November round 1: Slow sales, despite a COE rebound

[Ahyoo2002]

from CB:

 

http://www.carbuyer.com.sg/?s=news_main&id=516

 

November round 1: Slow sales, despite a COE rebound

 

A rebound in Category A COEs sees them close to $17,000 again. So why is the motor trade worried?

 

PRICES FOR CERTIFICATES Of Entitlement ended higher today, but not to the extent one would have expected of a healthy car market.

 

Category A COEs (for cars up to 1.6-litres as well as taxis) ended today

[Ultramega]

Expected. cos of all the ERP and petrol news recently.

Edited November 8, 2007 by Ultramega

[Donut]

agree... ppl are more concious abt rising prices now..... monitor the situation first.

[Shull]

alot of people are stuck with their 0% downpayment and 10yr loan scheme..they find it very costly to redeem the loan and change new car..

 

so prolly in another 2-3 yrs..we will see the no of 5-10yo cars increasing on the road..

[Ahyoo2002]

hehe, but I think a lot of car dealers trying to push panic button and ask people to buy now or next year maybe need to pay more as COE quota may reduce next year.

[Ahyoo2002]

it is really difficult to change car with 10 yrs loan and very low downpayment.

 

I know of a friend who want to change his 3 year old "old" car to a new one, but was told he needs to fork out at least $15k to settle his current car loan. He was shock, me too

[Notsoblurr]

My Friend went to Kah Motor before and after the November COE, the price for the Civic Hybrid is now $4000 cheaper.

[Ahyoo2002]

$4000 cheaper? I thought the discount is $2500 off the list price?

[Linusloh]

'That

[Ahyoo2002]

Your Q very hard to understand leh

[Berneo]

Long weekend, more ppl going oversea.

[Hiphiphoray]

If your lifestyle suits, u can get an OPC instead. Not so taxing on the wallet. I got my OPC lancer at 40k. Downpayment 4k nia, cash back 2k. Loan 36k @ 3%/7yrs. mthly installment $520.

 

Officially you can say i downpayment 5% or close to nothing(since there are ppl whom even top up COE with cash. ).

 

My ride is 2yrs 1 mth old. On the 3rd anniverary, the cash rebate restriction would have expired & my outstanding loan = resale value in open market. So im free to trade-in for a new ride or convert.

 

In addition, the 1-year road tax is only $78, Insurance $500++ nia. My wife drives the car everyday, without the need to put $20 coupons. Cos her working time suit off-peak timing to the bone.

 

So its not so bad rah. So far, my ride have serve me very well.

[Linusloh]

No lah, was trying to be a bit sarcastic la...

 

Carbuyer wrote :: 'That

[Nkps]

no wonder your wife is called moon and star... drive out before the moon goes home and came home only when the stars come out

[Ahyoo2002]

haha, let's see

[Ahyoo2002]

so fast break even liao? But that is also bc your loan is 7 years, if 10 years, maybe need longer time to break even

 

OPC is good if it suits your style. If I buy OPC, only can use on weekend, which is not very worth it for me.

 

Your wife working hour so long one

[Ahyoo2002]

haha, yah, although they are call "CarBuyer" but they always talk like they are the reprensentative of car dealers. They even think high COE means market is good.

 

Maybe should change name to CarSELLER

[Hiphiphoray]

no wonder your wife is called moon and star... drive out before the moon goes home and came home only when the stars come out

 

Hahahahah...beh ta han you.

 

You might think that she is suffering for lack of sleep. But im the one suffering the most. Cos 6.15am she will leave house with 1 infant, 1 young kid & a gorila at home. Often, these little chickens wake up at 6.20am!!!!!!!!!! Then the gorila can forget about sleeping liao. Later still have to squeeze mrt to/fro work. Plus collect them back from nanny too! Moonstar is happily taking a short nap or reading the newspaper with hot coffee or surfing the net.

 

So MoonStar is not so bad after all. Much much better than HipHipHoray.

Edited November 9, 2007 by Hiphiphoray