Is it possible for COE to crash again?

[Carer]

I only remembered two COE crashes.

 

in 2001 $101 (open bidding)

in 2008 $2 (closed bidding)

 

in any case, i feel that COE will not crash, at least not drop to sub $500 levels. but is $2k - $5k COE still possible? nevermind if its CAT A/B/E

[Carer]

just to add on, the prices of COE are hardly affected by the economy although it does have some significance. Does anyone beg to differ?

 

together with quota cut, COE prices will only up further. probably in the $30k to $40k region. It is slowly climbing, to make consumers get used to it. something similar to the style of gov? hehe

[Ahyoo2002]

  On 10/8/2009 at 9:32 AM, Carer said:

I only remembered two COE crashes.

 

in 2001 $101 (open bidding)

in 2008 $2 (closed bidding)

 

in any case, i feel that COE will not crash, at least not drop to sub $500 levels. but is $2k - $5k COE still possible? nevermind if its CAT A/B/E

 

in 2001 $101 (closed bidding)

in 2008 $2 (open bidding)

[Ahyoo2002]

never say never

[Leepee]

I have heard coffee shop talk of election end of this year.

No wonder the Coe did not shoot up the roof this week.

If it's true, then there is possibility for Coe to be lower and more affordable come election time.

Indeed anything is possible.

Who knows some AD computer might crash at last minute due to virus or windows7?

Just have to be ready with your posb atm bids when the day comes.

 

I am waiting for cheap Coe too!

[Carer]

crash is unlikely. not hoping for crash anyway. but im just wondering if $5k COE is possible, again.

[Jamesc]

Anything is possible but

 

gov reducing no of coe so its

 

very unlikely!

[Pcc]

thought COE quota decrease will resulted in COE UP?

[Windchoco]

  On 10/8/2009 at 9:34 AM, Carer said:

just to add on, the prices of COE are hardly affected by the economy although it does have some significance. Does anyone beg to differ?

 

together with quota cut, COE prices will only up further. probably in the $30k to $40k region. It is slowly climbing, to make consumers get used to it. something similar to the style of gov? hehe

 

 

Y price of COE not affected by the economy?

 

Where my 1k coe come from???

[Saag]

when economy down again next year, a tiger year, COE for gp 1 or 2 to go below $5k is very likely.

[Zxcvb]

Possible, but unlikely.

 

The banker always win. Banker can never control punters' bets, but it can control the odds and payouts. So the government very smart, control the number of COE given. Recently, economy no good, so nobody buy car, so COE not many people buy, and with surplus of COE, it came cheap about a year ago. Now they reduce number of COE given, in tandem with the economy and buyers' sentiment = COE now back to $16K.

 

 

 

 

[Blackseal]

You know what's the problem with you S'poreans ? It's not how much COE will go up or down.....it's how fast you make $$$ to replace the cost of that soon to be bidded coe and the cost of new car....why bother with such nitty gritty details ?

[Mzrmazda3]

Anything is possible

[Amazon777]

  On 10/8/2009 at 9:34 AM, Carer said:

just to add on, the prices of COE are hardly affected by the economy although it does have some significance. Does anyone beg to differ?

 

together with quota cut, COE prices will only up further. probably in the $30k to $40k region. It is slowly climbing, to make consumers get used to it. something similar to the style of gov? hehe

 

$30K COE for CAT A is not possible. Maybe for CAT B, is possible. Those buyers who can afford brand new BMW/MERC, they do not bother about COE fluctuation. Don't forget there is always the resale market, look at the number of cars in sgcarmart. I just sold off my 2 yrs old Lancer EX and keeping my 3 yrs old Latio, will not touch new cars forever and I am getting a 4yrs+ BMW for replacement. Have you heard of people losing only $6K depreciation ($3K per year) driving a used Altis for 2 yrs and losing $5.5K depreciation driving the latest model (used) CRV for 1 year. These are the smart buyers, cannot be emotional, when the time is right to sell. During the low COE days, many family who can afford are having more than 1 cars, these are the smart one who are offloading their 2nd family car in the resale market now. Same like properties, those who had 2 properties are making $ as they can sell one and keep the other one. No need sell high, buy high.

Edited October 9, 2009 by Amazon777

[D_bergkam]

I beg to differ.

 

There is no trend for COE prices. It is dependent on govt policies.

So there is no way to predict the COE prices for the medium future.

 

 

[Silveratenza]

COE will crash whenever any government agencies or related companies want to buy cars in bulk.

 

If you observe well, whenever there is cheap COE, you will see a heap of these new cars on the road.

Edited October 9, 2009 by Silveratenza

[Roh96]

Anything is possible. Always be ready to expect the unexpected.

[Edmundgan]

here's my 1 cent opinion:

 

COE price may still be high due to following:

 

1) the back lot( time when COE is low)

2) reduction of COE quota

3) Chinese New Year( a lot of kiasu people scared that new car not in time for the festival)

 

However we do need to take note that majority of the car owners do take loan, and depending on the loan amount, some need to wait for the break even period to sell their car. How many people can afford to change car as and when they like.( Unless you got a lot of spare cash....)

 

In my opinion, in view of the above factors, my prediction is that, for the subsequent COE will still be high.. until Chinese New Year is over.. Maybe next year to buy/change car is better...

 

Kindly not flame me.. thanks ..hehe