COE- September 2010 1st Bidding Exercise

[Ferraricalifornia]

3~5yrs from now......

(Its as good as not saying...)

 

 

precisely....

 

who knows what will happen in the future....

 

but i'm giving an IF Scenerio....

 

IF COE were to drop....

 

 

owners who bought now,

 

would be

[Ithunk]

Am actually quite surprise to see ppl still willing to upgrade their cars given this all time high COE level. My MSCP has added 2 new car last week, one upgraded from FD civic to new 318, another upgraded from ES civic to new CRV. I can tell bcos both retained their number plates.

 

i am not surprised.....i saw a girl ferrying a guy in a honda fit and i thought what....when he got out he got into a bmw 3 series sports coupe....

Edited September 8, 2010 by Ithunk

[Ithunk]

No matter how much is the COE cost, there are sure to have pple still buying car and changing car lah. My MSCP so far all car owner who have change their car, all upgrade their ride, e.g from 1.6 to 2.0 or MPV! None of them downgrade!

 

yes that is the case....especially for owners in the east....

[Ferraricalifornia]

i am not surprised.....i saw a girl ferrying a guy in a honda fit and i thought what....when he got out he got into a bmw 3 series sports coupe....

 

 

erh???

 

like no link leah???

 

[Ithunk]

erh???

 

like no link leah???

 

 

meaning hdb owners are rich....

[Ferraricalifornia]

meaning hdb owners are rich....

 

 

yah....

 

but pte property owners are even richer....

 

[Ithunk]

yah....

 

but pte property owners are even richer....

 

 

yeah but i saw a bmw 335i coupe.....costing over 180k....like this model

http://www.sgcarmart.com/used_cars/info.ph...655&DL=1059

 

either the guy is paying a high installment or the hdb is their second property..

 

and if so y park their 180 over k car in a hdb?

 

but then again the guy could be married...so there is double income....i dunno jus speculating

 

anyway should be more thick skinned and ask him wat he work as

 

but yeah pte property owners with cars like bmw and mercedes are considered rich

Edited September 8, 2010 by Ithunk

[Ferraricalifornia]

pte property have S-Class,

 

as if they used it for family purpose....

 

and plenty of Mercedes and BMW....

[Ben5266]

precisely....

 

who knows what will happen in the future....

 

but i'm giving an IF Scenerio....

 

IF COE were to drop....

 

 

owners who bought now,

 

would be

I am quite sure COE will crash to 20k level in 3 years and below 20k in 4-5years. Assuming economy is doing normal and govt keeps the 1.5% growth policy. This is based on the number of cars reaching maturity and needs to be scrap.

[Davidguang]

Was Post: PAP Govt target 6.5millions population.. sure cheong thru the roof.. transport, housing, food everything.. think Geyland chicken also can sell $100 soon.. oops..

 

haahah :P beware wait ISD catch u arh bro haha but agree wit u...oops!! :P

Edited September 8, 2010 by Davidguang

[Sons_of_singapore]

With such high COE prices, I can kiss goodbye to buying a new car next year.

[Roh96]

I am quite sure COE will crash to 20k level in 3 years and below 20k in 4-5years. Assuming economy is doing normal and govt keeps the 1.5% growth policy. This is based on the number of cars reaching maturity and needs to be scrap.

 

Not very confident that it will come down within the next 3 yrs tho. Nowadays from what i see on the road, there are lesser cars with SFx plate, most of them are SGx or SJx plate. If not wrong, SG plate started somewhere between early-mid 2005. Assuming most ppl were to drive till COE expire due to high car price and low scrap/paper value, i think the surge in volume in scrap vehicles will start in 2015 onwards. I don't think there are many cars which are reg. between 2001 to 2004(SDx and SFx plate) left. Of cos i could be wrong. These are just my observations.

[Roh96]

With such high COE prices, I can kiss goodbye to buying a new car next year.

 

Same, not only next year but next few years till gahmen decide to change the formula again...

[Ithunk]

With such high COE prices, I can kiss goodbye to buying a new car next year.

 

ya take bus mrt better

 

wait for singapore race track to come out.....then get a track car

[Busker888]

cos they got a good deal for their used car mah....

 

but if COE crash in the future (say 3-5yrs from now)....

 

they'll be banging their heads....

 

 

Why would they ? Buy cheap then... after 5 yrs sell with high COE + PARF rebates + body.

[Ferraricalifornia]

Not very confident that it will come down within the next 3 yrs tho. Nowadays from what i see on the road, there are lesser cars with SFx plate, most of them are SGx or SJx plate. If not wrong, SG plate started somewhere between early-mid 2005. Assuming most ppl were to drive till COE expire due to high car price and low scrap/paper value, i think the surge in volume in scrap vehicles will start in 2015 onwards. I don't think there are many cars which are reg. between 2001 to 2004(SDx and SFx plate) left. Of cos i could be wrong. These are just my observations.

 

 

those cars not on the roads....

 

but in used car showrooms....

 

[Ferraricalifornia]

Why would they ? Buy cheap then... after 5 yrs sell with high COE + PARF rebates + body.

 

 

but i was referring to buying the car now leah....

 

and it's only if you sell during the current high COE that you stand to earn....

 

or else,

 

lose money like crazy....

 

[Ferraricalifornia]

and one thing i don't get is,

 

new car, the taxes and calculations are as follows....

 

100% OMV

100% ARF

20% Custom Duty Tax

7% GST (soon to increase to 10%)

COE

 

(basic cost a new car acquires)....

 

but for used car,

 

the dealer would only be looking at

 

75% ARF

Unused COE

Body Value....

 

you effectively lose OMV, CD and GST....