COE 2nd bidding February 2010

[Kangadrool]

Any possibility to see CAT A at 15K?

[Ahyoo2002]

Any possibility to see CAT A at 15K?

 

3 weeks interval?

[Sleepy-T]

how much ur coe cap at ?

[Actan72]

Any chances that it will drop below 20k

The sales from Hyundai told me that COE will be cut again..

[Tigerwoods]

recently STI made many lose money over CNY..

COE sure down one....

[Takuyazzz]

looking at the showroom crowd over the weekend...dont think we'll see any (big) drop...

[Kangadrool]

Was hoping for significant reduction in COE price rather than a major crash, so that car prices will adjusted down low enough to entice commitment to a new ride.

[Munimal]

i think next week another biddding again...that means 2 weeks 2 biddings..

[Relagsingh]

Any possibility to see CAT A at 15K?

 

Highly unlikely, may drop abit. and I predict a small rise for CAT B

 

[Wintersonata]

LTA has reduce the bid deposit to $5k, so does it mean that if the COE on Wed is $18k, do you have to top-up $13k to LTA within a certain time period?

Or the $5k is used to offset your car price when you register the car?

Edited February 22, 2010 by Wintersonata

[Forrestcat]

Any possibility to see CAT A at 15K?

 

Maybe, that is if there are more measures by the govt to further cool the property market especially the housing loan limit....

 

[Majordan]

after CNY sure drop... else must continue to drive my current ride

 

car showrooms bo lang one leh....

 

IR not doing well, STI not doing well - > shd drop la

[Nimm12]

hope to see COE increase to 30~40k levels :)

[Kangadrool]

You already have more than 1 car and trying to sell another off? Hoping good resale value?

[Wintersonata]

LTA has reduce the bid deposit to $5k, so does it mean that if the COE on Wed is $18k, do you have to top-up $13k to LTA within a certain time period?

Or the $5k is used to offset your car price when you register the car?

 

Any comment?

[Darthkk]

You are bidding yourself?

 

Yes if you got the COE than you just need to top up, if not the 5k will be refunded to you.

 

But no difference if it's your agent bidding for you. You just pay him as what is agreed upon in your sales contract.

[Leepee]

You will only need to pay up the differenced (18-5=$13k) at the time when you are about to register the car with LTA.

No certain time period, maybe before the COE expire lah. I am not sure will LTA ask you to pay up the difference of $13k if you let the COE expired after 6 months.

 

If the successful COE price is $1000, then LTA will offset the $4000 differences in the various ARF and taxes.

 

 

 

LTA has reduce the bid deposit to $5k, so does it mean that if the COE on Wed is $18k, do you have to top-up $13k to LTA within a certain time period?

Or the $5k is used to offset your car price when you register the car?

 

[Wintersonata]

You will only need to pay up the differenced (18-5=$13k) at the time when you are about to register the car with LTA.

No certain time period, maybe before the COE expire lah. I am not sure will LTA ask you to pay up the difference of $13k if you let the COE expired after 6 months.

 

If the successful COE price is $1000, then LTA will offset the $4000 differences in the various ARF and taxes.

 

Basically, use the $5k to book the COE and then pay the rest of the $13k when registering the car...

Which must happen before the 6th month else the $5k deposit got eaten...

This wed one bidding, next wed another bidding... Quite tight time-frame for 2 biddings...

 

Typically, getting a car from AD with self-bid COE doesn't save much or end up have to pay a bit more right?

Other than saving on guaranteed bids and get visibility compared to 6 bids... Not much benefits for AD cars...