COEs quota to be cut

[Idwish]

COEs quota to be cut

 

 

Wed, Sep 17, 2008

The Straits Times

 

 

 

THE Land Transport Authority is expected to announce a cut in COE numbers for the October-March period later on Wednesday.

 

Motor industry sources reckon the reduction to be anywhere between 10 and 20 per cent, with the car COE supply bearing the brunt of the mid-quota year adjustment.

 

The announcement is likely to come after the end of Wednesday's tender execise at 4pm.

[N00b]

seriously i think its the onli way to reduce cars on the rd...and not all their erp crap

[Alvinc_rs]

reduce number of cars yes.. but not the usage of car..

[Damienic]

I think the best way to reduce cars on the road is to remove 0% downpayment and 10 yrs loan...introduce min 15% downpayment and max 8yrs loan..you will see car population very much reduced due to this...

[Typhoonz]

Spot on...

[N00b]

the main prob of all congestion now is the over flooding of cars on the rds mah, if the rds can support 50k cars and there is onli 50k cars on the rds, even if u use 24/7 oso no congestion, but prob now is there are more den 50k cars, but the rds are still onli able to support 50k cars

[N00b]

i think tat has to b implemented together wif the reduction of coe(increase in coe prices) to gain maximum effect. if not pple can still turn to smaller and cheaper cars(chery and frens)

[Espire]

now even weekends also jam...

[Antirobo]

Yeah Bro, i totally agree with you.

Else, they can also revert to the 30% downpayment and max 7yrs loan

[Shull]

didnt lao goh tell everyone before?

 

his(and also old man's) preferred method to control the jam is directly reducing the number of cars on the road..thus the COE system..

 

but when dragon prince took over, he changed it to a use-more-pay-more system so that more people can own cars..looks like the new system backfire..

[Alvinc_rs]

well.. you didnt factor in the time of usage into your consideration.

if road can support 50k of cars over a certain point of time, then

by right, the road should be able to 'serve' more car if the usage time is being

spread out as even as possible. this is what the gov is trying to do..

 

but as i car owner myself, i would also like to see the car price to shoot up.. so

that lesser ppl would 'squeeze' with me when driving..

[Protege]

I totally agree with you bro. 30% downpayment and 7 years loan max. If not, in order for ERP to be really effective, $10 or $20 per time you pass the gantry.

 

The jam nowsadays is driving me crazy!

[Damienic]

the prev system of 30% dp and max 7yrs loan created scenario where a lot of pple have to wait for too long before they can own a car...eventually the mkt became too depressed...current system of 0% dp and 10yrs loan created too high demand of pple owning car when realistically they can't actually afford it (hence high incidence of repo). that's why I feel best to have something of a in-between. 15-20% dp and max 8 yrs loan..

[Antirobo]

Yeah Bro, guess we share the same sentiments.

You're right about the jams everywhere, especially if

you're driving a manual car

[Drive_carcar]

I think the best way to reduce cars on the road is to remove 0% downpayment and 10 yrs loan...introduce min 15% downpayment and max 8yrs loan..you will see car population very much reduced due to this...

 

As long as there are cars, those of don't have cars will always aspire to own one, as there are just many reasons why getting car is good.

 

Nice cars attracts chicks. Nice car symbolise to others you have arrived at a certain social-economical status. A car represents freedom, and independence, as one need not rely on our lousy public transport.

 

To make car ownership more difficult, and harder and harder to reach, frustrates many people, and there are political costs to it.

 

In truth there is no silver bullet to solve our road congestion. Every measure affects helps to some degree, hurts to some degree. And getting that balance right is extremely difficult.

[Drive_carcar]

I'm now more or less okay and used to it, so even driving a manual, jams are not that much of a stress.

[Leepee]

Where is the quota cut news?

Where to read it?

[Damienic]

The system of directly reducing number of cars with coe and high ARF is wrong also...when cars become too expensive, pple who pay so much for it will want to thoroughly make full use of their car (it also penalise people who have genuine need of a car but have to shelve plans to own a car due to unnecessarily high cost of car ownership)...its like, I spent so much money on it, I will want to make sure the money's worth it....high car usage contributes to jam as well, not just high ownership...in big cities where car is expensive to use but dirt cheap to buy, car owners dun use their car all the time...sometimes when not necessary, they will leave their cars at home instead of driving it to expensive areas where parking is very expensive..but no, in Singapore when car is so expensive, cars is depreciating greatly even when you leave it at home...who in their right mind would gladly leave it at home just to save few dollars of ERP and parking charges??

 

Now they try balancing it with implementation of pay as you use such as ERP. They forgot tat this wouldn't work as well if the current COE and ARF system remains. If owners continue paying so much for their cars, it will not deter them from driving to traffic heavy areas with tat $1-3 erp charges..

 

The best system would be to remove the COE and ARF greatly reduced to max 50%. Then implement super expensive ERP. Charge ERP of $5-10 for driving on/entering into certain areas and increase parking charges in some of these areas greatly (e.g $10-20). As cars would be much cheaper, more pple would be willing to leave their cars at home sometimes to avoid paying such hefty ERP/parking charges and will control usage.

 

Has one wonder why in high populated cities such as London and Sydney, their cars is very cheap but yet their roads is not super congested? Blindly reducing car ownership by making cars super expensive with COE and superhigh ARF and then somemore with ERP is not the way.

Edited September 17, 2008 by Damienic