COE Bidding - 19th DEc 2012

[Darryn]

You sure you want to run 5km everyday to work???

 

Run to work cannot, but run home - 5km not so bad (so long as don't need to carry work home with you)

 

My run home is about 9-10km.

 

 

[Taipan49]

You sure you want to run 5km everyday to work???

 

I know guys who run 8km most days to/from work.

[Angcheek]

still dont understand , COE so high yet still so many buying ............. sometime i wonder how true is these bidding

[Simon29]

You sure you want to run 5km everyday to work???

 

When my car Coe ends, and I can't afford the new car in future.

Who knows.....I will have no choice but to take MRT and then the short distance from MRT station to office will Run or brisk walk!

 

[LoverofCar]

I know guys who run 8km most days to/from work.

 

if he can do that...guess his/her boss will think that the job is not stressful enough for him....still so much active at end of the working day..

Edited December 19, 2012 by LoverofCar

[13177]

When my car Coe ends, and I can't afford the new car in future.

Who knows.....I will have no choice but to take MRT and then the short distance from MRT station to office will Run or brisk walk!

You still have an option to buy used car lo, no need must buy new car. You can also spend about 20K plus and buy a used car.

[13177]

I know guys who run 8km most days to/from work.

Whether running distance is 5km or 8km doesnt matter run during leisure time or routine exercise. But if run to work, i find a bit too tiring la. Also still need to shower when reach workplace, so troublesome.

[Taipan49]

if he can do that...guess his/her boss will think that the job is not stressful enough for him....still so much active at end of the working day..

 

The 2 of them were my old bosses! They were so full of energy throughout the day you had to be on your toes the whole day at work. 1 of them would even go to the gym during lunch. Not bad for a guy in his late 40s.

[Brendon1980]

with the way the trend goes, much much cheaper to take a cab even if by booking.

[13177]

with the way the trend goes, much much cheaper to take a cab even if by booking.

But sometimes also cannot get a cab through booking. Unless you are refering to advance booking. Having own car still more reliable and convenience.

[Cars08]

You sure you want to run 5km everyday to work???

5km can finish within 25 mins or less for someone who jog consistently...

[Darryn]

You still have an option to buy used car lo, no need must buy new car. You can also spend about 20K plus and buy a used car.

 

If COE keeps trending where it is, then used car comes back to the same thing -

 

It is not the outright cost, but the depreciation that makes it "not worth while"

 

[Simon29]

You still have an option to buy used car lo, no need must buy new car. You can also spend about 20K plus and buy a used car.

 

This statement is not correct.

Sure used car will be cheaper because the remaining years are shorter.

The yearly Depreciation will be on par with the new cars. With super high COE, the depreciation will be high.

 

It is the high depreciation of cars that determines unaffordability.

 

 

[Steptronic]

Rather take BMW....

 

Actually I also have the feeling to go for BMW, cash out my money....

BMW?! sensible decision! Go 528 or 328!

[Forrestcat]

Run to work cannot, but run home - 5km not so bad (so long as don't need to carry work home with you)

 

My run home is about 9-10km.

 

Bro, can take cab to work and run home after work?

But it can be physically tiring especially if you had a long day at work

[Forrestcat]

But sometimes also cannot get a cab through booking. Unless you are refering to advance booking. Having own car still more reliable and convenience.

 

Bro, my SIL's father sold his car and went to rent a cab. Work 9 - 6.

Sometimes if regular call him at night he will drive as well.

According to him, a pool of regular clients is sufficient if you are just seeking 3 meals a day

[Albeniz]

COE price seems so gravity-defying, almost coming to 6 figure.

 

Where do the people get the money to buy car?

Edited December 19, 2012 by Albeniz

[Vhtfhwlego]

Heng ah, i renew my coe for 5 yrs at 40k plus. Can drive till 2021. Next yr 0.5% growth rate, confirm over 100k for all cat

Y not spend S$40K on a used car?

There are so many decent 2008 cars for S$40K in the market....

 

Always go for 10 years if that you want to renew your COE.

If that you renew for 5 years, (actual parf value + COE) divde by 5 = annual depreciation.

Even when it "sounds good on papers", it may not be the case.

 

For example, a 14 year old car suddenly have some issues with one of the parts and it cost you S$2K to repair.

Will you spent this S$2K on the car knowing it will last you another year?

 

Annual depreciations budget at S$5K per year.

Used at 4th year and scrap the car = S$ 25K / 4 years = S$6250 per year.

 

Then compare with the 2008 cars, annual depreciations