COE - 2008 Feb 2nd bidding exercise

[Gh05tss]

Yes your Cefiro 2.3 is in the Sure Get List and no, not the expensive ones but more like the most expensive within the range, Sunny, latio, Cefiro etc etc

 

Y u ditch a V6 engine for your newly booked?

[Wind30]

oh, so if you get the more expensive model within the range get better chance? like the premium models or the high capacity ones.

 

anyway I mentioned to my SE that my "friend" got the COE this time at 13k, and straight away my SE said that those are bought after the CNY promo as they have better margins there.

 

The bottomline is just how much margin they have on the deal. Looking at the bright side, most probably this mean I got a very good deal.... if I ever get my car.

 

I am still keeping my V6 as my wife drives it. I don't like it as it is too long. I am driving a honda city presently :)

 

The sylphy is to replace the honda city.

[Toyopet]

Like I said, all car prices have the predetermined amount of COE price factored into it. Perhaps yours is targeted at $11K due to discounted price. Anything higher AD does not want to commit if this is the bottom line. Good luck for you in next few rounds but try to get the black & white on the ARF rebate if it was not written down in your agreement contract. Never trust on words alone.

[Wind30]

I think the ARF rebate is a Tan Chong wide policy not something my SE promised me. I think the Iziz also mentioned it. So should be ok lah. Tan Chong also need to protect their reputation. Once they say will give rebate cannot don't give right? If it is something my SE promise me then maybe quite risky.

Edited February 22, 2008 by Wind30

[Best_ctzn]

DO you know the meaning of BIDDING ? It is not transparent and never will anyone know who is bidding at what price. The price simply reflects the level of demand and the demand is dictated by the price of cars. Have you not considered the "demand" element in your argument? If COE goes south, there will be higher demand and thus it will still push the price up. There is no such thing as everybody bid low the price will be low because it is not how the system works. The price is taken from the lowest bidder of the quota and thus if demand exceeds supply, the only way to secure COE is to keep pushing it up. They don't take the AVERAGE.

 

ADs are COMPETITORS, they are not PARTNERS. They don't sit down and decide who gets how many COEs at each bidding. All have their customers to answer to and their customers already PAID for the car at the agreed price and all they have to do is to fulfill their agreement. Tell me how long COE has been in operation and how long TCM is in this business ? Are you telling me all along TCM has been bidding low COE, trying to help the general public while sacrificing their interest and customers ? They would have closed down donkey years ago!

 

Please do not try to paint such good picture of TCM. Like I said before, all ADs are the same and how successful are they depends on their business strategy and aggressiveness. You sound like a person having huge interest in the company be it an employee or some loyal supporter.

 

The person complaining about TCM in this thread is an existing customer not happy on his purchase. Will TCM sacrifice him for the good of the public ? No, because eventually he will get his car, but the 6 bids is to allow TCM time to maximize gain. TCM do not just have one customer, there are hundreds of others waiting in queue to secure their car purchase. Some are just going into their first bid, while others might be in their last bid. TCM decides on who will get their car during each round of COE depending on their bid balance, purchase price, sales quota and COE price. They DO NOT HAVE TIME to help the public to control COE price.

 

I am not shooting TCM here. They are just another AD operating in their own business model. Be it KM,MM TCM, BM etc, who will come out winner will be the one making the most sales and profit. Trying to act HERO is never in their agenda; trying to MAXIMIZE profit is.

 

Hi, friend. Cool down, relax lah. What I have pointed out is only some observation from another angle. It is obvious in this round the low bidding from TCM has dampaned the bidding process somehow, regardless of its motives or agenda. And its role is probably an 'accidental' hero type, if you can accept what it means. It definitely has no time to help the public to control COE price and maximising profit at the same time, 'accidental' is the word here.

 

But my point is that we SHOULD NOT praise other ADs who bidded very high, as the high bids are definitely against public interests in lowering the COE price. We should not argue that making COE lower in this round will result in COE getting higher in next round, so you are saying we should never get a low COE round as there will always be an aftermath? That COE should continuously go up, up, and away so that it will never need to be corrected?

 

Think I have spoken enough on this issue. Hope I have share my other angle point of view across clearly.

[Gh05tss]

Your SE yet to know how much did I pay for my car[sly], anyway let's said we all pay a good price for our ride during our time of signing.

 

As I mentioned, 4th car with TCM for the past almost 14years do earn me that little bit of perks & previlges when comes to buying a Nissan.

[Wind30]

My SE called me and offered me $500 top up for open Cat.(valued at $12k)

 

I took up the offer as really don't want to drag.

 

Will be getting my car next week

[Gh05tss]

Ok la, for SGD500 u get yr ride soon and also you already 'earn' from the CNY promo.

 

By the way, now carplate allocation numbers are frm SJC5385Y to SJC6002X (Both Vehicle No. Inclusive), u aiming any number?

 

I given my 14yrs old plate to my current sunny but I converted it into a OPC for my parent to use so I will be getting a new plate number ( after so many years )...getting alittle uneasy hope I can get a good number.

[Wind30]

It is good to secure a cheap COE as less excuse to upgrade. Somehow when you driving a car with expensive COE, and COE crash, you always think, should I upgrade even though very expensive to upgrade.

 

How much to retain number? Since my honda city is for export I should be able to reuse the number right?

 

I am ok with numbers but my mom doesn't like and X or Y letters.... even for the last letter but that is beyond our control right?

[Gh05tss]

For me, I book at a low price but gotten a high coe bid.

 

retain number is SGD100 but you need to tell yr SE early so he can get all the paperwork done for you.

 

My parent like my old number so I leave with them ( I can always take it back when I sell this old car )...cos they too hate the X but for me I leave it to fate however told my SE to aim for a good number, I know it tough for her but worth a try.

[Best_ctzn]

You sound like a person having huge interest in the company be it an employee or some loyal supporter.

FYI, I now driving a Kia. I used to own a Latio sports but I definitely not a hardcore Nissan fan as evident by my choice of Kia. I buy whatever fits my needs and requirements, not by brand!

Edited February 22, 2008 by Best_ctzn

[Best_ctzn]

 

Hi. I am lookng at the larger picture and asking you to applaud TCM for submitting low bids. My previous post was only a teaser to highlight the action of TCM lah. It will definitely has its own agenda and reasons for doing it, be it wrong judgement call, etc, but ultimately what is undeniable is that its action has minimised the rise of COEs in this bidding round. Just imagine if TCM also put in 15k initial bid for all its buyers. Can you imagine what will be the level of COE results on wednesday? ......

 

You mean to say, TCM didn't get any COE or sale for this bidding since they bidded too low ?

 

You mean I said, TCM didn't get any COE or sale for this bidding since they bidded too low ? I do not like hostile and wrong assertions. Bidding low does not mean all gone case, you know?! Eg latest round COE level is $12.8k, low can be 13.5k as opposed to high at 16k! When take exam, low score means a Fail?

[Leepee]

Still ever the Hopeful guy!

 

So far all our 'crashing' theories were proved wrong!

 

The keen and astute car buyers + AD strategies, both combined together never really give COE a chance to crash.

 

 

If everyone rush to beat ARF decrease, so maybe COE will down next round

[Ahyoo2002]

Never said never.

 

Even government can predict wrongly.

 

SGP predict to have deficit of 0.8B in 07 and end up we have 6.4B surplus[shocked]

[Toyopet]

I said you "mean" not said. Anyway, whether people bid $20K or $30K but the lowest bid in the quota is $10k, the result is still $10K. Why some ADs placed high bid because they WANT to secure the COE. Placing the bid high give them a better chance to secure but it still subject to their bottom line. Like I said, how much they reserve depends on how much their customers paid for their car. Mind you, the higher the bid is not doing them any good as they can't pocket the difference and might also eat into their reserved margin. The lower the COE the better for them because they will pocket the difference which can be substantial. Customers only stand to lose with lower COE.

 

If I have booked a ride and ofcoz I hope the COE to be as high as possible to inflate my paper value. If COE crashes and yet never goes below my rebate price, I would lose more in paper value while the AD will pocket the difference.

 

There is not such thing as "accidental" hero. I stress again, all ADs work and behave the same. TCM can bid 13K and KM can bid 17K but COE price at 12K and this is not the effort of any of them. Each has a target to meet and how many COE they want to secure they will find ways to do it. So far it seems you still do not really grasp the mechanism behind COE bidding and AD's working strategies. It is never the AVERAGE so bidding low does not equate to lower COE. DEMAND is the driving force behind COE prices.

[Zedzee]

congrats !!!

wch model u bought?

 

Thks....MZ2 :)

 

how much did u get ur MZ2? i also got a mz2 at 50998, sports model.

 

Hi, is yours auto or manual?

 

Did you get any freebies?

 

I'm thinking of getting the m2 too.

Edited February 22, 2008 by Zedzee

[Best_ctzn]

It is ppl like you who like to see a higher and higher COE that do not grasp the concept that I had been trying to bring across. Perhaps you work for / support one of the AD/PI that bids high, should I guess? This is a very selfish thinking as there is no end to higher and higher COEs. Even those who buy at 20k in near future will also want their dealers to bid higher to inflate the paper value, and guess what, very soon we will have 100k COEs like last time.

 

Good for me. I got my car already. Maybe I will just shutup and enjoy the 100k COE in near future lah.

[Titanium]

Hmmm... i wondering are the showroom crowded after this COE bidding exercise.