Worst Case: Cat A COE quota shrink by 65%

[Heavenspirit]

  On 4/14/2012 at 2:23 PM, Jetabout777 said:

This is not so simple. You scrap your car and that entitles you to only your parf, body and your precious coe. Take an example of a C180k which is supposedly hot right now. You managed to secure a good price of $150k nett with an omv of $30k at $50k coe at the start of 2012. You scrap it a year later should there be an economic recession, your parf is $22.5k, coe rebate $45k, body give you an optimistic $20k (depends very much on market, but with everybody wanting to scrap, cannot expect high price either), total rebate $87.5k. Within a year, depreciate $62.5k.

Not forgetting those taking high loans, 2.68% the loans of 10yrs plus interest should be almost to 200k purchase, - 87.5k, lost a whopping 110k a year.?

[Wt_know]

it's better for COE to cheong above $100k to test the market

but again, when COE drop $10K or what i think showroom will be flooded with pent up demand like Carrefour running $9.90 engine oil

[Veryfree]

  On 4/15/2012 at 6:09 AM, KARTer said:

Technically cars can last 10years if looked after properly

Higher COEs means little to the elites........ They still can change cars every year and drive on uncrowned roads as non-elites cant afford to own cars or use the roads due to high ERP charges...

Why do you call them elites? Elites mean highest class of people, not necessarily the richest. If a conman is super rich, is he an elite? Or a scumbag? Just debating......

[Veryfree]

  On 4/15/2012 at 7:04 AM, Wt_know said:

it's better for COE to cheong above $100k to test the market

but again, when COE drop $10K or what i think showroom will be flooded with pent up demand like Carrefour running $9.90 engine oil

When coe reached $50 years ago, the demand did not surge after that. Maybe when many singaporeans lose jobs or Tsunami reaches our shore, coe will plunge. Dont bet it'll never happen.

[Antlau]

elite just means a person is the best in what he is doing...not necessarily means richest, most reputable in social stature.

 

[Solar]

  On 4/15/2012 at 4:37 AM, Piyopico said:

 

Ya. Itz like a futures market, I am also thinking of hedging my bet. May wanna start looking.

 

Btw, you bought a resale 3 pointer right? What is the annual depreciation? C200 ?

 

yes bro, but c180k. cat a. 1yr 3mth old.. depreciation about 13k.

will be worse if i took up more loan.. which i didn't.

 

[Kyrios]

Anybody knows if the renewal of COE at PQP is loanable or we have to take personal loan?

 

I will really take public transport if the cab services improve ie no cunning taxi drivers. And if we get temperate like weather conditions here..

 

Just a short 5min walk to the bus stop can drench my long sleeve shirt liao in sweat..

[Sdexxxxd]

  On 4/15/2012 at 5:54 AM, Civic6228 said:

http://www.lta.gov.sg/content/dam/lta/Corp..._Allocation.pdf

 

There are more than 100k COE released from May 2003 annually till 2010 when the mistake was realised that the projection for cars taken off the road was incorrect. I still believe in supply and demand .... current low no. of COE will results sky high COE and come May 2013 onwards, I am expecting COE prices to drop.

 

People are selling their 2008/2009 cars now at the same price or even with a profit ... they can dump the $$ that they got into the new car even if the COE is high ...

 

Sell high, buy higher ..... buy low, sell lower ..... I would prefer to sell low buy low as it would meant lower depreciation.... I am waiting for Y2013 onwards and wait to see the prices of the resale for the cars purchased with the high COE. Singaporeans would go for the new cars with lower COE, who cares abour paper value. It is a vicious cycle.....

 

YES...it is a vicious cycle. On the COE downward trend, people who are holdiing high COEs will start scrapping cars, and the quotas will increase....which theoretically should drive COE downwards... unless the garment manipulate with the quota....

[KARTer]

  On 4/15/2012 at 8:00 AM, Veryfree said:

Why do you call them elites? Elites mean highest class of people, not necessarily the richest. If a conman is super rich, is he an elite? Or a scumbag? Just debating......

Hmmm... Not debate or anything lah.... You ok with chit chat?

 

In today sgp's context using my barely informed knowledge, elites give dif meanings to dif pple, I may be wrong.... High class also the same....

[Steptronic]

  On 4/15/2012 at 9:15 AM, Kyrios said:

Anybody knows if the renewal of COE at PQP is loanable or we have to take personal loan?

 

I will really take public transport if the cab services improve ie no cunning taxi drivers. And if we get temperate like weather conditions here..

 

Just a short 5min walk to the bus stop can drench my long sleeve shirt liao in sweat..

I guess there is no "car loan" for paying PQP

[Speculator]

  On 4/15/2012 at 7:04 AM, Wt_know said:

it's better for COE to cheong above $100k to test the market

but again, when COE drop $10K or what i think showroom will be flooded with pent up demand like Carrefour running $9.90 engine oil

 

 

assuming Govt make no policy changes.

 

the show flat will be empty still because in this $10K situation you described, everyone including yourself is on the verge of losing job or have already lost their job. a financial crisis or world wide crisis is on going with no sign of it ending anytime soon.

 

 

 

 

[Speculator]

  On 4/14/2012 at 1:06 AM, SimonTan said:

Die Liao....No chance to change car for many existing owners....worst for those first timers buyers.

 

But those who bought the C180 will be very very happy. Good price, cheap COE that will appreciate even higher when their car comes in May or June.

 

those earlier batch of C180 owners were really luck. caught it before the COE climb to the next peak.

 

[Poker]

i think it's juz the slang here.. why so serious bro

[dont have to debate whether i'm your real bro or not ]

[Mockngbrd]

  On 4/15/2012 at 10:48 AM, Steptronic said:

I guess there is no "car loan" for paying PQP

Hav... But are u willing to stomach the interest rates of 5% or higher per annum?

[Maroon5]

  On 4/15/2012 at 8:00 AM, Veryfree said:

Why do you call them elites? Elites mean highest class of people, not necessarily the richest. If a conman is super rich, is he an elite? Or a scumbag? Just debating......

 

money is elite becos of the capitalist world we live in now..

[Cluboxed]

based on current calculations, this is what it will happen,,,shrinkage by 65% for the next quota period..

[Roh96]

  On 4/15/2012 at 5:54 AM, Civic6228 said:

http://www.lta.gov.sg/content/dam/lta/Corp..._Allocation.pdf

 

There are more than 100k COE released from May 2003 annually till 2010 when the mistake was realised that the projection for cars taken off the road was incorrect. I still believe in supply and demand .... current low no. of COE will results sky high COE and come May 2013 onwards, I am expecting COE prices to drop.

 

People are selling their 2008/2009 cars now at the same price or even with a profit ... they can dump the $$ that they got into the new car even if the COE is high ...

 

Sell high, buy higher ..... buy low, sell lower ..... I would prefer to sell low buy low as it would meant lower depreciation.... I am waiting for Y2013 onwards and wait to see the prices of the resale for the cars purchased with the high COE. Singaporeans would go for the new cars with lower COE, who cares abour paper value. It is a vicious cycle.....

 

You words are making me happy. I read some ppl have hurried into changing their ride now in fear of higher COE. My COE is expiring end 2014, 2.5 yrs more to go. Don't know should i change now or wait. Anyway we are already in the middle of the storm liao, how worse can it get?

[Roh96]

  On 4/15/2012 at 6:50 AM, Heavenspirit said:

Not forgetting those taking high loans, 2.68% the loans of 10yrs plus interest should be almost to 200k purchase, - 87.5k, lost a whopping 110k a year.?

 

Those who bought new car now chao chao have to hold on for 4-5 yrs before they can dump it. Due to high COE, their paper value will be high on 5th yr. Good time to scrap.