2016 Feb, 1st COE Bidding Exercise

[Runforyourlife]

Not bad a lot pros here. Must be rich peeps. This is sg man. Every man for themselves. Everyone wants opposition but not in their wards. Didn't we see that already?

 

Now, none of us know each other's scrap date. Perhaps peeps simply wanna spread fear so that you'll not go into the market and in turn 'lend a hand' for them when they scrap say... In November. These peeps will continue to spread fear, why? If you go in, the Coe may not be a considerable downshift!

 

End day, as long it fits your budget just go in. It'll only be at the lowest two years later, that's if there's no budget adjustment or any amendment to the current process, which is always a question mark.

 

Be a man, do the right thing.

[Spurman]

Not bad a lot pros here. Must be rich peeps. This is sg man. Every man for themselves. Everyone wants opposition but not in their wards. Didn't we see that already?

 

Now, none of us know each other's scrap date. Perhaps peeps simply wanna spread fear so that you'll not go into the market and in turn 'lend a hand' for them when they scrap say... In November. These peeps will continue to spread fear, why? If you go in, the Coe may not be a considerable downshift!

 

End day, as long it fits your budget just go in. It'll only be at the lowest two years later, that's if there's no budget adjustment or any amendment to the current process, which is always a question mark.

 

Be a man, do the right thing.

????

 

End of day no body force u buy or change car mah.

 

Anyway most mcfers should have a car liao. The cycle for us is when backside itchy wan2 change nia. Low or high coe. Good or normal or supercars up to each of us preference.

 

Coe drop below 10k no problem. Good for those who buy low...

 

Those who bought high. Nvm liao...small matter.

Anyway the 50 50 rule makes car ownership more prudent also. Ll no money liao. Sell car still assured no need to top up monies.

[Runforyourlife]

????

 

End of day no body force u buy or change car mah.

 

Anyway most mcfers should have a car liao. The cycle for us is when backside itchy wan2 change nia. Low or high coe. Good or normal or supercars up to each of us preference.

 

Coe drop below 10k no problem. Good for those who buy low...

 

Those who bought high. Nvm liao...small matter.

Anyway the 50 50 rule makes car ownership more prudent also. Ll no money liao. Sell car still assured no need to top up monies.

 

Buy second car if coe drop below 10k.

[Nav14]

Just wonder if no OCS till end 2017, how to even out the coe supply that gov said?

 

Gov have another plan in mind???..

You should know with the high number of drivers renewing COEs , the need for OCS becomes lesser.

 

Govt must also be confident their new satellite ERP system that should get implemented by 2020 will work wonders in forcing drivers to go "carlite" overnight. You should know how our govt operates. They will start psychoing people a few years earlier (all the talk about going "carlite we keep hearing nowadays over and again), preparing them , before dropping the big bomb. When the govt says "carlite" they know they will achieve it one way or another. The cost of COEs will become redundant once we are "forced" to go "carlite"

Edited February 12, 2016 by Nav14

[7007]

Buy second car if coe drop below 10k.

 

If this happen, 1st thing I will do is to renew my ody for another 10 yrs! 

Parf 15K + 10K Coe = 25K aka 2.5K dep / yr, where to find?

 

One thing I dun understand is why many buyers dun realize the current profit margin of $30K to $70K of AD/Sellers is their immediate deprecation the moment they collected their rides! 

[yo2020]

wow... this COE thread is hot with 128k views n has beaten the previous record of 126k views jz set earlier this month.

i hv jz opened another thread for the Feb's 2nd bid... see u there!!

 

[Tohto]

If this happen, 1st thing I will do is to renew my ody for another 10 yrs! 

Parf 15K + 10K Coe = 25K aka 2.5K dep / yr, where to find?

 

One thing I dun understand is why many buyers dun realize the current profit margin of $30K to $70K of AD/Sellers is their immediate deprecation the moment they collected their rides! 

 

We know about that, but what can we do?

For every brand, there is only one AD here. Unlike others country, they will have multiple dealer/seller.

[7007]

We know about that, but what can we do?

For every brand, there is only one AD here. Unlike others country, they will have multiple dealer/seller.

 

But nobody point the gun at the buyer what...willing buyer to be slaughter what else can we say?

 

With 30K to 70K, I can fly first class to the country of origin order whatever spec I want, enjoy holiday and shopping there...

[Lala81]

But nobody point the gun at the buyer what...willing buyer to be slaughter what else can we say?

 

With 30K to 70K, I can fly first class to the country of origin order whatever spec I want, enjoy holiday and shopping there...

 

?

Depends on which AD right.

Most B&B cars the profit margin is only around low 10k.

Even my Cat B car bought Jan'15 i calculated the profit margin was about 17k only.

 

The new Ody was much higher, at high 20+k.

 

Only the luxury/premium brands command more than 30k+ bah.

[Kar_lover]

Good point. How does the overtrade work at PML? I know C&C overtrade is as good as direct discount.

 

I think overtrade is like this:

 

Actual price they can sell you the car is $150k so your loan entitlement is $75k (50%). Assume your current car actual trade in is at $30k, you have to pay $45k cash (but you will to settle any outstanding loan for your existing car)

 

So they set the official selling price to $180k while taking in your car for $30k more (i.e. overtrade) which makes it $60k. With the $180k paper price, you can now take $90k loan (50% of $180k) instead of $75k so you only need to fork out cash amount of $180k - $90k - $60k = $30k instead of $45k. But of course you're paying interest on $90k of loan.

[Runforyourlife]

In short, overtrade basically means straight discount on the listed price , for those whom don't understand.

 

overtrade = discount.

[BenTong]

In short, overtrade basically means straight discount on the listed price , for those whom don't understand.

 

overtrade = discount.

Not necessary. The C&C model increase your loan quantum. They still sell you at the list price.

[Char]

I think overtrade is like this:

 

Actual price they can sell you the car is $150k so your loan entitlement is $75k (50%). Assume your current car actual trade in is at $30k, you have to pay $45k cash (but you will to settle any outstanding loan for your existing car)

 

So they set the official selling price to $180k while taking in your car for $30k more (i.e. overtrade) which makes it $60k. With the $180k paper price, you can now take $90k loan (50% of $180k) instead of $75k so you only need to fork out cash amount of $180k - $90k - $60k = $30k instead of $45k. But of course you're paying interest on $90k of loan.

What about cash price ?

?

Depends on which AD right.

Most B&B cars the profit margin is only around low 10k.

Even my Cat B car bought Jan'15 i calculated the profit margin was about 17k only.

 

The new Ody was much higher, at high 20+k.

 

Only the luxury/premium brands command more than 30k+ bah.

What about Harrier Premium Advance ? Edited February 12, 2016 by Char

[Runforyourlife]

Not necessary. The C&C model increase your loan quantum. They still sell you at the list price.

 

Oh, mine is not like that, straight discount, loan also lesser cos its straight discount...

[Char]

In short, overtrade basically means straight discount on the listed price , for those whom don't understand.

 

overtrade = discount.

Overtrade= markup discount .

[Char]

DBS now traded at 13.03 going to test 13 !!!

[Limwsv]

DBS now traded at 13.03 going to test 13 !!!

 

Wait for tonight US markets to open and see where they are heading...

Then on Monday, when China comes back in reacting to US direction's on Friday, we will know whether STI will test new level or not.

[Char]

Wait for tonight US markets to open and see where they are heading...

Then on Monday, when China comes back in reacting to US direction's on Friday, we will know whether STI will test new level or not.

DBS closed 13.02 and touch low 13.01 ! Next week possible below 13 !