COE on the 23rd of June

[Zacxaviqer]

Hi, Need some advise here.

 

What do you think of the COE on the 23rd of June? Will it increase or decrease??

 

Currently I have a few options.

 

My SE got a open COE from the previous bidding and now offering me at a top up price of $3k.

 

If not, I shall wait for the next COE and hopefully it will go down to avoid the $3k top up.

 

Beside the 2 options, I can also get a guarantee COE and hope that COE will drop and I get the rebate out of it.

 

However I guess the bottomline is whether COE will continue to increase or will it drop take into considerations of the current price of Cars (Cat B) and it is a 2 week period from the last COE bidding while the last time round is a 3 week period however the quota is due to cut in Aug and many promotion going on from AD. (Mitsubishi is offering 20% on their cars!)

 

Pls advise.

 

Thanks!

[Yattokame]

Hi

 

I guess it all depends on how badly you want the car

 

If you are taking a huge loan, then the rebate doesn't help much as you are paying interest on the bigger loan

[Mike1234]

It will most likely increase or decrease by 1 or 2 k....(My predictions)

 

Actually the difference would not be huge as compared to the last COE results.

[SimonTan]

If the market is tight....there will NOT be floating COE available so easily. I would not agree to the $3k top up as that can buy me a nice sound system and good tyres for the car! Why waste it on just a COE?

I predict the COE will drop 23June since its the school holiday and two weeks interval.

The last rise was due to the 3 weeks effect.

 

Of course....if people got the spare $3k and 'desperate' then....its their decision.

 

 

 

[Kangadrool]

Prediction: minor downward correction at 23/6 for CAT A. Up again to 30K+ region in July. Why? Look at some ADs, they had adjusted the price down or maintained the old price despite COE increase.

 

40K+ for CAT A in August.

Edited June 14, 2010 by Kangadrool

[Zacxaviqer]

If the market is tight....there will NOT be floating COE available so easily. I would not agree to the $3k top up as that can buy me a nice sound system and good tyres for the car! Why waste it on just a COE?

I predict the COE will drop 23June since its the school holiday and two weeks interval.

The last rise was due to the 3 weeks effect.

 

Of course....if people got the spare $3k and 'desperate' then....its their decision.

 

 

But then there are lotsa promotion going on from other AD such as Mitsubishi and Audi. VW also has promotion just before the previous COE bidding. Will these promotion entice more buyers to come into the market because,

 

Due to the promotions, car price has decrease

They know that coming Aug, COE quota going to inflate and therefore push the car price up further (Like one of the bros mention, Cat A going to $40k in Aug)

 

Will COE still drop in the next round?

 

[Zacxaviqer]

Prediction: minor downward correction at 23/6 for CAT A. Up again to 30K+ region in July. Why? Look at some ADs, they had adjusted the price down or maintained the old price despite COE increase.

 

40K+ for CAT A in August.

 

 

Exactly, will the reduction or the same price causes more pple to enter into the fray and start buying car thus increase the COE further in the next round of the bidding?

Edited June 14, 2010 by Zacxaviqer

[Sabretan]

When COE price goes up but AE holding their prices means AEs don't forsee COE increasing wildly...most likely remain same or drop....

 

But if a lot of promotion going on, with people buying Guaranteed COE type....then a bit unpredictable...depending on AEs determination to clear order fast or other agenda....

 

With current sibor rates n car loan rates, better pay full (if no need take loan also got cash rebate) or take min loan (if interest paid on loan is less than cash rebate), coz effective car loan rate is abt 4-5%.

 

cheers,

[Kangadrool]

I guess demand is still weak (aftershock from recent spike; many buyers still shy away). That's why ADs need to maintain price or even lower it despite increase (09 June). Furthermore, it's a 2 week gap only. So, need to dangle carrots to lure in the orders.

 

What happened at next COE bid (23 June) is another different story. Suspect that if the demand is too great, dealers will just restrain themselves if margins is too low (in this case, will see lots of bids, but premium increase is not strong. Probably $1~100 at a time instead of jump of $1K at a time).

Edited June 14, 2010 by Kangadrool

[Csnewbie]

Hi,if I am not wrong, when COE increases by $10 000,you actually pay $83.33/mth more for your car.

 

That is if you settle in full by cash for your new car.When Coe decreases by $20 000,say 3 yrs later,

 

you could actually scrap your car for a car body value(including PARF? )and get a COE rebate for

 

remaining 7 yrs.Then get a new ride offsetted by PARF & COE rebate and have your car depreciation

 

lowered.Thus,this way, any increase in COE now followed by a decrease later only means car

 

ownership more expensive tempararily. But do calculate properly.Parf for <5yrs cars is 75% of OMV.

 

Excise duty is 20% of OMV,non-refundable.See more at LTA's webste.Cheers.

[Sony]

Hi, Need some advise here.

 

What do you think of the COE on the 23rd of June? Will it increase or decrease??

 

Currently I have a few options.

 

My SE got a open COE from the previous bidding and now offering me at a top up price of $3k.

 

If not, I shall wait for the next COE and hopefully it will go down to avoid the $3k top up.

 

Beside the 2 options, I can also get a guarantee COE and hope that COE will drop and I get the rebate out of it.

 

However I guess the bottomline is whether COE will continue to increase or will it drop take into considerations of the current price of Cars (Cat B) and it is a 2 week period from the last COE bidding while the last time round is a 3 week period however the quota is due to cut in Aug and many promotion going on from AD. (Mitsubishi is offering 20% on their cars!)

 

Pls advise.

 

Thanks!

 

 

why not u squeeze your SE for the open cat COE without any top up? or at least min topup?

 

but if u are despo for the car and don't want to bet, pay the 3k.

 

It's really how despo u want to get the car.. if can wait, then hope for COE drop and u get the COE.

 

[Zacxaviqer]

why not u squeeze your SE for the open cat COE without any top up? or at least min topup?

 

but if u are despo for the car and don't want to bet, pay the 3k.

 

It's really how despo u want to get the car.. if can wait, then hope for COE drop and u get the COE.

 

 

I tried already but he told me that $3k is the minimum they can go down. I'm ready to fork up up to $2k for the open cat COE actually.

 

 

[Sony]

I tried already but he told me that $3k is the minimum they can go down. I'm ready to fork up up to $2k for the open cat COE actually.

 

 

eh.. what is the value of the open cat and the cat of your car?

[Zacxaviqer]

The open cat is $41k and they bid $38k for me. Cat B is $40k

Edited June 14, 2010 by Zacxaviqer

[Sony]

maybe u shd wait for the next bidding..

 

or at most top up 1k since they willing to put in a bid of 40k for u.

[Zacxaviqer]

maybe u shd wait for the next bidding..

 

or at most top up 1k since they willing to put in a bid of 40k for u.

 

Nope, They bid 38k for me. Had they bid $40k for me, I would have gotten my COE.

[Sony]

Nope, They bid 38k for me. Had they bid $40k for me, I would have gotten my COE.

 

 

oh.. i tot they put in a reserve bid of 40k for u.

 

it's really a bet for u.

 

just curious, which AD is that and what car har?

[Zacxaviqer]

oh.. i tot they put in a reserve bid of 40k for u.

 

it's really a bet for u.

 

just curious, which AD is that and what car har?

 

Preferred not to say. Many SEs surf this forum. Haha

 

I know it a bet for me and I also dunno wat to do therefore hope to heard some advice here...