Nov-2014 to Jan-2015 COE quota

[Sdexxxxd]

Hi everyone,

With the expected increase in COE quota to be released this week, would like to get advise whether to wait out till Nov, or should go ahead and buy in next bidding in Oct (after announcement of new quota)? Any difference it would make?

Thanks.

[Aukang]

As many would say...do you need the new car now? If yes, anytime is a good time if you have the cash. If no need, go with your gut feel cos everyone got different opinions and threshold.

 

Personally for me, my car is 8+ years old, so I intend to wait and see as there is still some lead time...given the 6 bids AD like to use ie. minimum 2 months before my car's COE ORD.

[Jamiewabbit]

Agreed.... It's all speculation.. If you are comfortable you can go in anytime.

 

Wonder if they will clawback..

[car138]

As many would say...do you need the new car now? If yes, anytime is a good time if you have the cash. If no need, go with your gut feel cos everyone got different opinions and threshold.

 

Personally for me, my car is 8+ years old, so I intend to wait and see as there is still some lead time...given the 6 bids AD like to use ie. minimum 2 months before my car's COE ORD.

What do you mean by " given the 6 bids AD like to use i.e.minimum 2 months before my car's COE ORD"?

[Aukang]

Sorry, it's a typo. ADs now typically offer 6 bids non guaranteed. So if we assume two bids per month, it would work out to about 3 months to go through 6 bids.

 

So if they need to bid 6 times, my minimum lead time is 3 months before my car's COE run out.

Edited October 12, 2014 by Aukang

[Zxcvb]

So if they need to bid 6 times, my minimum lead time is 3 months before my car's COE run out.

 

I dunno why you use "COE run out". To me "COE run out" means the entire span of the 10 years after car is registered. What you're implying is the course of non-guranteed COE bidding, which in this case 6 bids is equivalent to 3 months. At first when I read "COE ORD" and "COE run out", I was like what am i reading???

 

Anyway, back to main topic. Like many said, if comfortable, just go ahead. I foresee COE won't drop much in the next few months. Maybe a couple of thousands most. My 5 cents worth of prediction.

[Aukang]

That's exactly what I meant. My car's COE expires in 1+ years time. I said I would need a minimum of 3 months before that to buy a new car.

 

Sorry, my English is not up to par. : )

[Matrix0405]

Hi everyone,

With the expected increase in COE quota to be released this week, would like to get advise whether to wait out till Nov, or should go ahead and buy in next bidding in Oct (after announcement of new quota)? Any difference it would make?

Thanks.

 

Wait till Nov. Because price will likely drop with the increase in the no of COE. Predict drop $5K,

Disclaimer: So far in the monthly COE prediction/tikam threads, most of of the time , my predictions all haywire.

[Dafansu]

best is to monitor for the next 1 to 2 year, then decide whether you really need a car then buy

[Kangadrool]

The right thing to procrastinate over.

 

best is to monitor for the next 1 to 2 year, then decide whether you really need a car then buy

 

[Chucky2007]

Hi everyone,

With the expected increase in COE quota to be released this week, would like to get advise whether to wait out till Nov, or should go ahead and buy in next bidding in Oct (after announcement of new quota)? Any difference it would make?

Thanks.

i would wait as long as possible if not urgent to get a new car..

 

Reasons:

1. There is for sure an increase in coe quota release... Maybe not in huge amount but sure more than now.

2. There is a looming property gloom I. Singapore.

3. There is a global epidemic worry..Ebola

4. There is a coming interest rate hikes..

5. There are plenty of people who are snapping up the expensive coe.. Why fight with those with deeper pockets? Unless u have a very deep pockets too..

 

Buy unless the price of 70k coe is nothing to u, or a 35% car dealer profit margin means nothing to you

[Thaiyotakamli]

Buy second hand is best.

 

Wait coe back to $2, thats the time to buy new car muayhaha

[Jp66]

if coe drop to $2, I will wait till it drops another 50% ($1)

Buy second hand is best.

Wait coe back to $2, thats the time to buy new car muayhaha

 

[Kangadrool]

Sure boh?

 

Some secondhand cars have higher depreciation than similar new cars.

 

Then, when COE crashed from 60K to $2, the price never drop by 58K. Instead, it dropped by only 2K.

 

Buy second hand is best.

Wait coe back to $2, thats the time to buy new car muayhaha

 

Edited October 12, 2014 by Kangadrool

[Thaiyotakamli]

if coe drop to $2, I will wait till it drops another 50% ($1)

 

Wait long long, if drop $2, i go buy 1000 then sell again in future.

 

$2 is like buying in daiso haha

Sure boh?

 

Some secondhand cars have higher depreciation than similar new cars.

 

Then, when COE crashed from 60K to $2, the price never drop by 58K. Instead, it dropped by only 2K.

 

 

I saying now buy second hand wait coe drop $2 then buy new

[Quantum]

Buy second hand is best.

 

Wait coe back to $2, thats the time to buy new car muayhaha

High COE time ,Rent car is more worth than buy car

[yo2020]

my est for the next quarter based on dereg figures of Jul & Aug:

a) 12% more for Cat A

b) 10% more for Cat B

c) 15% more for Cat E

 

still pending LTA to release it, hopefully by tmr am.

 

 

where is my boss, need his signature leh...

[Genes]

That's exactly what I meant. My car's COE expires in 1+ years time. I said I would need a minimum of 3 months before that to buy a new car.

 

Sorry, my English is not up to par. : )

 

You have to jaga also hor. COE got le, if need further 3 months for shipment to arrive, you will also go carless for a few months.