2015 Dec, 1st COE Bidding Exercise

[2BDriver]

Thanks bro @2BDriver.

 

I find this brother's explanation reasonable for open cat e COE(post #4).

 

http://www.mycarforum.com/topic/2643274-coe-cat-e/

 

The overall objective of COE should be obvious but there are always some provision for practical reasons. 

Sir, Like I had said, some post are really meaningful and wins our million dollars minister brain power.

[Pioneer]

Hmm.. If I am a minister, I would have implemented a form or several forms of monetary taxation to discourage car ownership.

 

You are implying COE is about coffer to the govt, then the best method would have to control the price from the start. COE has hit as low as $2 and as high at $110k.

 

From a management point of view, that is a very unstable income source. I would simply add a fixed tax to it.

 

 

In an alternate universe where I am the minister of transport, I will scrap COE.

 

In return:

• Parking is $20 per hour
• ERP is $50 per entry
• Season parking $500 monthly
• Speeding Ticket $1000 per 10km exceeded speed limit
• Petrol is $5 per litre
• I will also tax tyres and all related car accessories

     

 

Everyday when I am on the road and I compare the traffic to our SE Neighbours during peak hrs, I know that COE was a key reason for the relative 'smooth' traffic.

 

 

 

I am concern of the real objective of implementing COE, nothing else in my concern as cheap or expensive, cash or loan !

 

[2BDriver]

Hmm.. If I am a minister, I would have implemented a form or several forms of monetary taxation to discourage car ownership.

 

You are implying COE is about coffer to the govt, then the best method would have to control the price from the start. COE has hit as low as $2 and as high at $110k.

 

From a management point of view, that is a very unstable income source. I would simply add a fixed tax to it.

 

 

In an alternate universe where I am the minister of transport, I will scrap COE.

 

In return:

• Parking is $20 per hour
• ERP is $50 per entry
• Season parking $500 monthly
• Speeding Ticket $1000 per 10km exceeded speed limit
• Petrol is $5 per litre
• I will also tax tyres and all related car accessories

     

 

Everyday when I am on the road and I compare the traffic to our SE Neighbours during peak hrs, I know that COE was a key reason for the relative 'smooth' traffic.

You are one of the complainant about "Dog whining" of any reasonable poster with honest assumption here, enough said..........

Hmm.. If I am a minister, I would have implemented a form or several forms of monetary taxation to discourage car ownership.

 

 

Everyday when I am on the road and I compare the traffic to our SE Neighbours during peak hrs, I know that COE was a key reason for the relative 'smooth' traffic.

I am talking about a good system implementation regardless of of any individual benefits..........

[Pioneer]

Your english is really tok kong.

 

Assumptions are either right or wrong. I don't know what is honest assumption. 

 

Are you telling me that those who proposed changes to the system has no personal invested motive?

 

Those who can afford to pay in cash, advocates cash only transaction so the road is free of cars.

 

Those who cannot afford to pay in cash but have family say cars should be given to drivers with family.

 

Those who have elderlies or handicap family members say they should have priority.

 

We can share opinions and ideas but if we dare say something loud and clear with conviction, then we should provide facts and truth.

 

You are one of the complainant about "Dog whining" of any reasonable poster with honest assumption here, enough said..........

 

[2BDriver]

Your english is really tok kong.

 

Assumptions are either right or wrong. I don't know what is honest assumption. 

 

Are you telling me that those who proposed changes to the system has no personal invested motive?

 

Those who can afford to pay in cash, advocates cash only transaction so the road is free of cars.

 

Those who cannot afford to pay in cash but have family say cars should be given to drivers with family.

 

Those who have elderlies or handicap family members say they should have priority.

 

We can share opinions and ideas but if we dare say something loud and clear with conviction, then we should provide facts and truth.

Read post #327 for answers, you are FOUND to be one slow learner in MCF !

Edited December 13, 2015 by 2BDriver

[Pioneer]

Any system by any country in any era always benefits one or the other. That is governance. 

 

It is simply about how much people benefit and at what and who's cost.

 

 

Pay full cash, rich people benefit. In economics, ballot is the least efficient way of distributing resources. If we set up a new system to decide who deserve more, it incurs new resources, manpower and money.

 

Imagine, buying car is like getting financial assistance, you need to get interviewed and get your case reviewed and then need to follow up every x months to renew the status. 

 

That is a lot of resources devoted just to benefit a very small group of people. 

 

I am curious to know what is reasonable to you?

 

Do you mind sharing?

You are one of the complainant about "Dog whining" of any reasonable poster with honest assumption here, enough said..........

I am talking about a good system implementation regardless of of any individual benefits..........

 

[2BDriver]

Any system by any country in any era always benefits one or the other. That is governance. 

 

It is simply about how much people benefit and at what and who's cost.

 

 

Pay full cash, rich people benefit. In economics, ballot is the least efficient way of distributing resources. If we set up a new system to decide who deserve more, it incurs new resources, manpower and money.

 

Imagine, buying car is like getting financial assistance, you need to get interviewed and get your case reviewed and then need to follow up every x months to renew the status. 

 

That is a lot of resources devoted just to benefit a very small group of people. 

 

I am curious to know what is reasonable to you?

 

Do you mind sharing?

 

I am talking about COE system implementation of "Vehicle Growth Regulatory" in our small country, nohting else !

Don't drag to others what the fark old grand father stories !

Edited December 13, 2015 by 2BDriver

[Pioneer]

Oh.. we are using insults now?  Ok...

 

Sadly, I admit I am one slow learner when it comes to atrocious English. I'm generally ok and pretty casual in the use of proper English on forums but you are the few people that I cannot understand English.

 

I think you are rather emotional person so there is no point having a proper conversation because you will be going on and on about "enough said..........", *insult*, *bad english*, *more insult*."

 

You remind me of someone here, a fanboi of the very same logo in your avatar.

 

OK, this will be my last reply to you. Have fun living in your world! 

 

 

Read post #327 for answers, you are FOUND to be one slow learner in MCF !

 

[2BDriver]

Oh.. we are using insults now?  Ok...

 

Sadly, I admit I am one slow learner when it comes to atrocious English. I'm generally ok and pretty casual in the use of proper English on forums but you are the few people that I cannot understand English.

 

I think you are rather emotional person so there is no point having a proper conversation because you will be going on and on about "enough said..........", *insult*, *bad english*, *more insult*."

 

You remind me of someone here, a fanboi of the very same logo in your avatar.

 

OK, this will be my last reply to you. Have fun living in your world! 

FEELS whatever you like, I don't care  !

It's all about COE open cat. good, bad or not so right ?  

Nothing more than who benefits more or less, paying cash or loan ?

Open Cat. to allow AD to manipulate and speculate the actual market demanding force is a "Grave Mistakes" and deprive the poor car buyer is my main concerns !

Get it ?

FYI.....I own 3 cars 

[2BDriver]

Look here    

When I think it is not reasonable or it don't make any sense of the main objective for the cause of vehicle regulatory measures ?

I will tell or says "It's absolutely Nonsense" to any big marter farker..........be it a   minister  !

COE is implemented to regulate vehicle population and road congestions, WTF of having a "Open Cat." to invite non-transferable COE cert's. competition from AD in both B&B and Luxurious categories and offering WTF of "package deals" in such a simple regulating vehicle purchasing scheme ?   

Correction made as above bold red.

Edited December 13, 2015 by 2BDriver

[Civic6228]

Sir T2, the main difference is the angle for which we choose to adopt. My father thinks exactly like you and there was once in my life my thinking was quite along your lines that I considered the alternative angles for our system. And the insights obtained when you consider different strata of the whole population is quite different from adopting any specific angle.

 

Primarily, the difference for our views stem from whether it is right to allow or even encourage debts for ownership of COE / cars and houses. The problems of financial imprudence are very obvious, and I understand the feeling that it is "unfair" and "unethical" for those with cash to compete with those without cash but could take sizeable loans, particularly if the cashless raises the premium for those with cash.

 

But do consider this point: who has cash (say COE of 60K) and who has not? And who is the one who actually needs the car more?

 

My point is, if someone starts working for five years and has a child or two (thereby arguably requiring the car at the most crucial period of his/her life), even if he / she has been reasonably thrifty, it is unlikely for him to afford the car without sizeable loans despite being at the most economically productive part of his or her life. There are weddings, house and renovation loans to settle first (assuming they clear all these before loans considering car ownership). Even if COE drops to 30K as a result of forbidding loans for COE, it will take several years for them to raise the cash, considering they are at the early phases of their careers.

 

Then there is the other strata who has their children grown up and all major expenses are dealt with (say after 15-20 years of work). This group technically requires cars the least but has the greatest savings. They have had their incomes doubled or tripled from the time they started working. The motoring writer in a separate thread belongs to this group who definitely has the cash to put downpayment for COE if he plans to get a new Wish instead or even renew COE in cash. Other groups who can raise this cash include the successful self-employed or those who get help from parents / inheritance.

 

Loans allow a more level playing field for everyone (across all age and strata) to an extent: there must not be overleveraging and they must be backed by income (a low income person should not be allowed to loan for a car). Rather than exhausting all savings to put down for a COE, it is also safer to keep some cash as liquidity. And in that respect, cars can be seen as an aspirational good that motivates the middle and upper income majority (employed group) to protect and grow their incomes, and contribute their best years to the good of Singapore. Any adjustment to the policy will have to take the effect on their motivation to work into serious consideration.

 

I do have a proposal to revamp the COE system bidding process to improve the transparency. But there are drawbacks and limitations as well. I will share my thoughts in another post.

 

I have said many times before .... buys whatever that is within your means, Why die die must talk about COE and new cars ? There is always the option of buying a re-sale car based on whatever budget. Just key in the amount under the used car section in sgcarmart and the list will appear.

 

Of course, a re-sale car cannot be compared to a new car .... but if there is a budget issue, those are the choices. So far, I had owned 8 cars .... the first 5 cars are all re-sale.

[Desireme]

Hi

 

Can someone enlighten me on how to check whether your dealer bid how much for your COE and to check whether its successful..

 

Thanks

[Forte3737]

Time is very bad. We may see 40 k plus after new year. retrentment on the way

How bad?

[Spring]

Hi

 

Can someone enlighten me on how to check whether your dealer bid how much for your COE and to check whether its successful..

 

Thanks

 

You can key in your IC no. in this link to check the status of your bid:

 

https://ocoe.lta.gov.sg/

[Heman75]

The reason why i am following all these chat rooms is not because i am interested in the COE up or down or prediction or when good time to buy car or how many cars you have but rather it is more interesting to see how ppl quarrel and argue over something which has absolutely no meaning. why spoil friendship or make enemy over COE thing. friendships are hard to come by. make friends not enemy. can buy buy cannot buy dont buy. you respects ppl views ppl respect your views. case closes ..everyone happy. 

 

 

[Forte3737]

The reason why i am following all these chat rooms is not because i am interested in the COE up or down or prediction or when good time to buy car or how many cars you have but rather it is more interesting to see how ppl quarrel and argue over something which has absolutely no meaning. why spoil friendship or make enemy over COE thing. friendships are hard to come by. make friends not enemy. can buy buy cannot buy dont buy. you respects ppl views ppl respect your views. case closes ..everyone happy.

As you can see,those who argue until the cows come home is in a different league

[Jumpmanz]

The reason why i am following all these chat rooms is not because i am interested in the COE up or down or prediction or when good time to buy car or how many cars you have but rather it is more interesting to see how ppl quarrel and argue over something which has absolutely no meaning. why spoil friendship or make enemy over COE thing. friendships are hard to come by. make friends not enemy. can buy buy cannot buy dont buy. you respects ppl views ppl respect your views. case closes ..everyone happy. 

suddenly the last 2 pages got so much action than rest of the COE threads for year 2015

[Desireme]

You can key in your IC no. in this link to check the status of your bid:

 

https://ocoe.lta.gov.sg/

Thanks for the reply. I tried but it shows the website not available. Is it that the page is only available during the COE bidding period.