COE premiums hit record highs

[Highmount]

Very good business for 2nd hand dealers.

[Forrestcat]

y should fresh grad buy car?

 

Not i say wan.... just quoting some bro's post.....

[Forrestcat]

That $10k car can drive the most one year, due to Coe age. Still add up to $100k over a ten years period.

You are just dividing the upfront cost into smaller more digestible portion.

 

Not forgetting the repairs and issues with very old cars...etc.

 

If got a reasonable functional car that can drive for 3 years or more at $10,000 in singapore resale market........tell me...I am very interested.

 

Are u sure u looked hard enough? 23 - 25k can get u a Corolla ae101, drive till 04/2019

http://www.sgcarmart.com/used_cars/info.ph...334&DL=1243

http://www.sgcarmart.com/used_cars/info.ph...956&DL=1000

Edited October 20, 2011 by Forrestcat

[CH_CO]

Just my 2 cents worth of comments since our dear ministers actually bothers to read up on this forum and addresses the issues we bring up.

 

Having a reduction in COE growth will not have an immediate effect on traffic conditions and it will only invoke public resentment as this lead to an increase in COE in general be it in the various categories even in the goods vehicles , which would indirectly increase the cost of business operations in Singapore. This doesn't help at all since the COE for goods vehicles are "cheaper" many would just switch to buying goods vehicles which can go at 70km/h but do u really see them following to this speed?

 

Given current conditions , personally i would consider setting up a shell company and buy a good diesel engine vehicle since the COE for the normal car is so farking exp. So does reducing the "growth" solve the traffic conditions ? I beg to differ , you already have alot of cars on the road. Personally i think it will make it worse as the speeds of these goods vehicles are meant to be slower and an increase in demand for goods vehicles would first increase of the cost of owning one making businesses harder to do , second slow down the speed of the expressways.

 

Comeon lah , any drivers on the road would have seen and experienced high speed lorries(max 60 but going above 70) and slow speed van(can go up to 70 but choose to move at 60) hogging the 1st and 2nd lanes of the expressway.Both increase the risk having road accidents. How not to have jams? The traffic ministry should spend some of the "income" from the increase in COE to do studies on the road conditions and the errant behaviors of the goods vehicles drivers. Just look at how many deaths caused by the good vehicles in the recent months.

 

My suggestion still stand where i propose good vehicles to be restricted from the expressways from the peak hours namely 0745-0845 & 1700-1830. Of course i am not suggesting to ban them entirely but i suggest an increase in ERP toll in the case of $6~10 per gantry to deter them from coming out during these times and jamming up the expressways. The goods vehicles can always drive at an earlier timings and move their schedules slightly since they need to deliver the goods before the bussiness starts, it makes senses to be move out earlier.. It beats having to move the entire nations working hours to suit the goods vehicles.

 

Another suggestion since bus has bus lanes why not goods vehicles have good vehicles lanes where they can only keep to those lanes? Why last time youth olympics can have their own lanes.

Edited October 20, 2011 by CH_CO

[Ithunk]

Thats true.

 

In other countries, 10k car means 10k car.

 

In Sunny Singapore, need to see the COE expiry date. How many people will drop 50k to renew their COE for 10 years old car. I wouldn't. Unless people die die have to have a car for 1 year or so, & no budget, they probably wouldn't buy a car less than 1 year (unless its a classic or something).

 

yup its averaging 2 to 3 years logically.....the longer one owns the less one will lose

 

but there is another category that will change every year or two due to their exponential growth in wealth...and its those that are owning supercars such as ferraris and lamborghinis

 

but for the sla guy and m1 guy dun say la....they committed cbt and bought the vehicle got caught and got thrown in jail soon after

[Ithunk]

More pp will keep their ride till end of 10 years.

Each years less car put off the road SG still jam here and there.

Unable to afford new car pp still can go for 2nd hand car.

 

yup 10 years is quite a long time in my opinion...alot can be done within a year

 

coe could hit 200k where it could cost more than property

Edited October 20, 2011 by Ithunk

[Ithunk]

my rex.

 

34k for 8 years

 

good business sense

[Aventador]

Just my 2 cents worth of comments since our dear ministers actually bothers to read up on this forum and addresses the issues we bring up.

 

My suggestion still stand where i propose good vehicles to be restricted from the expressways from the peak hours namely 0745-0845 & 1700-1830.

 

Another suggestion since bus has bus lanes why not goods vehicles have good vehicles lanes where they can only keep to those lanes? Why last time youth olympics can have their own lanes.

 

Thank goodness you are not a minister then.

 

If not Raffles Hotel should bring back out the sign that says 'No Dogs and Chinese Allowed'

 

Since you suggest to discriminate against one group, we should also consider suggesting that all cars that 0-100 kmh slower than 8 secs, also be taxed if they drive during these times

 

One lane bus lane, one lane goods vehicle - I don't know where you stay but in my area , the roads is either 2 lanes or 3 lanes.

 

The Transport Ministry tries to keep road traffic smooth flowing at peak hours within a speed band of 30 kmh to 50 kmh. Their job is not to make sure you can drive to work at 80 kmh during peak hours.

 

Sure they can achieve 80kmh and above during peak hours, they just need to cut the number of cars on the road by 50%. in this case, you will write another post to the ministers since they are reading

[CH_CO]

Thank goodness you are not a minister then.

 

If not Raffles Hotel should bring back out the sign that says 'No Dogs and Chinese Allowed'

 

Since you suggest to discriminate against one group, we should also consider suggesting that all cars that 0-100 kmh slower than 8 secs, also be taxed if they drive during these times

 

One lane bus lane, one lane goods vehicle - I don't know where you stay but in my area , the roads is either 2 lanes or 3 lanes.

 

The Transport Ministry tries to keep road traffic smooth flowing at peak hours within a speed band of 30 kmh to 50 kmh. Their job is not to make sure you can drive to work at 80 kmh during peak hours.

 

Sure they can achieve 80kmh and above during peak hours, they just need to cut the number of cars on the road by 50%. in this case, you will write another post to the ministers since they are reading

 

I am not discriminating , i am stating something i have observed. IF you don't believe me , try driving on a saturday morning , the only difference is the traffic moves faster since the goods vehicles aren't around. By the way , my purpose is not to drive 80km/h which i don't think is possible but a speed increase would be quite evident. By the way , i reach my work places sometimes at 715 and i move off at 6+ i don't see much goods vehicles and traffic is good.

 

For flamers which can't read , please read my passage again. Look down on clowns which set up a new account just to flame.

Edited October 20, 2011 by CH_CO

[Aventador]

I am not discriminating , i am stating something i have observed. IF you don't believe me , try driving on a saturday morning , the only difference is the traffic moves faster since the goods vehicles aren't around.

 

Thank goodness you are not a minister

 

This Saturday phenomenon you observed is due to a scientific principle first observed by Prof Nam Tat Peng Ku. He has named it the '5 day work week' hypothesis, really interesting scientific paper. He claims that the reduction in traffic on Saturday mornings is not only due to the absence of goods vehicles.

 

His second hypothesis was called the '3 AM theory of traffic'. He observed that since road speeds at 3am was extremely good. He suggest only Sonata Taxis and cars with stickers & loud exhaust be allowed to drive during the peak hours to replicate the 3 am road speeds of 150 kmh.

Edited October 20, 2011 by Aventador

[CH_CO]

Thank goodness you are not a minister

 

This Saturday phenomenon you observed is due to a scientific principle first observed by Prof Nam Tat Peng Ku. He has named it the '5 day week' hypothesis, really interesting scientific paper

 

 

Good that you agreed that this is evident by the way not all people work only 5 days, anyway not sure where u stay but i pretty sure most expressways have 3 lanes and above and i didn't think i mentioned normal roads.

Edited October 20, 2011 by CH_CO

[TanKianW]

Does this qualifies owning cars in singapore being the most expensive in this world??

 

Singapore I drive Jazz, China I drive Camry.......hmmmm I will probably do my change car plan in China....time to get a Chrysler!

[CH_CO]

His second hypothesis was called the '3 AM theory of traffic'. He observed that since road speeds at 3am was extremely good. He suggest only Sonata Taxis and cars with stickers & loud exhaust be allowed to drive during the peak hours to replicate the 3 am road speeds of 150 kmh.

 

That includes the white WRX with orange strips and the equally loud exhaust. Of course you can. Just a kind reminder that the speed limits for our expressway is 90km/h for most roads in regardless of timing.

[CH_CO]

Does this qualifies owning cars in singapore being the most expensive in this world??

 

Singapore I drive Jazz, China I drive Camry.......hmmmm I will probably do my change car plan in China....time to get a Chrysler!

 

Singapore u earn 5k u maybe can buy a car , in certain parts of china if you earn 5k u have problems finding lodging.

[Observer]

Well you are right. But its mostly bussiness or liberal arts degrees thank god. Not Engineering

 

seriously...if ur talking about engineering degree...they end up do some dsta etc...assuming u not referring to PE...

[CH_CO]

Just posting something out of topic , this is a phenomenon which i noticed in normal working people. They always to be at work on time but sometimes , you waste more time on the roads AND BECOME FAR LESS EFFICIENT. Something that they have not noticed.

 

Waking 1 hours earlier and you would find yourselves having more benefits.

 

1. Wasted lesser time on the road , find yourself enough time to have proper breakfast , having a better mood as the jams aren't really affecting you.

 

2. Appear to be enthusiastic to your boss and colleagues and subordinates , leading to better relationships and higher chances of promotion , experience tells me better that you appear early than you work late.

 

3. More efficient with your time working as you aren't flustered as compared to one which rushes to be on time often wasting more time settling down and only getting down to work only after 1hour trying to settle down. In the comparison , you would have probably finished 2 hours worth of work before he even starts to work.

 

4. Knocks off earlier as you aren't rushing your work and skipping your lunch. Chances are you can knock off earlier and have enough time to meet friends and family and have enough rest for the next day.

 

5. Sleeping 1 hour earlier then to improve ones health as the golden hour to be asleep is before 12 as compared to who stay up late only for them to rush to work the next day skipping their meals.

Edited October 20, 2011 by CH_CO

[TandemAssassin]

Bro Nf0rc3r already mentioned, prepare for a 200k Civic.

A fresh graduate with average income, how to buy?

Unless u doctor, lawyer, Banker etc.....

 

I bought a 57k car with a $500 monthly pay. I am sure the fresh grads earning average $3k plus can afford a $100k car since they are earning 6 times my old salary.

[Mllcg]

Just my 2 cents worth of comments since our dear ministers actually bothers to read up on this forum and addresses the issues we bring up.

 

Having a reduction in COE growth will not have an immediate effect on traffic conditions and it will only invoke public resentment as this lead to an increase in COE in general be it in the various categories even in the goods vehicles , which would indirectly increase the cost of business operations in Singapore. This doesn't help at all since the COE for goods vehicles are "cheaper" many would just switch to buying goods vehicles which can go at 70km/h but do u really see them following to this speed?

 

Given current conditions , personally i would consider setting up a shell company and buy a good diesel engine vehicle since the COE for the normal car is so farking exp. So does reducing the "growth" solve the traffic conditions ? I beg to differ , you already have alot of cars on the road. Personally i think it will make it worse as the speeds of these goods vehicles are meant to be slower and an increase in demand for goods vehicles would first increase of the cost of owning one making businesses harder to do , second slow down the speed of the expressways.

 

Comeon lah , any drivers on the road would have seen and experienced high speed lorries(max 60 but going above 70) and slow speed van(can go up to 70 but choose to move at 60) hogging the 1st and 2nd lanes of the expressway.Both increase the risk having road accidents. How not to have jams? The traffic ministry should spend some of the "income" from the increase in COE to do studies on the road conditions and the errant behaviors of the goods vehicles drivers. Just look at how many deaths caused by the good vehicles in the recent months.

 

My suggestion still stand where i propose good vehicles to be restricted from the expressways from the peak hours namely 0745-0845 & 1700-1830. Of course i am not suggesting to ban them entirely but i suggest an increase in ERP toll in the case of $6~10 per gantry to deter them from coming out during these times and jamming up the expressways. The goods vehicles can always drive at an earlier timings and move their schedules slightly since they need to deliver the goods before the bussiness starts, it makes senses to be move out earlier.. It beats having to move the entire nations working hours to suit the goods vehicles.

 

Another suggestion since bus has bus lanes why not goods vehicles have good vehicles lanes where they can only keep to those lanes? Why last time youth olympics can have their own lanes.

 

i agree with u that the goods vehicles should be "tweaked" a little. however, doing with the ERPs will increase costs, which in turn will be passed to us.

 

its either we ban totally(ALL GOODS VEHICLES) from expressways during peak hrs(like many other countries)

 

or restrict access only to light goods(small lorry, van)

 

heavy goods vehicles still must wait till after the stipuliated time.

___________________________________________________________________

 

how to enforce?

 

add a "gantry". if goods vehicles caught entering during peak hrs, fine 20 bucks.