2016 Apr, 2nd COE Bidding Exercise

[BenTong]

Definitely fence sitter will cont to wait till see huge drop.. if no huge drop means no buy. Hahaha

 

And definitely, no.of bidders is nth.. i bid at 6k, 7k, but i see ppl bid at 3 bucks or 400bucks during recent previous rounds. So aside from me looking at 10k coe, there are other fence sitters looking at 2 or 3 bucks coe.

No need worry about tt. Coe will expect to continue drop ..as quotas will be expected to increase till end 2017... so why worrry nw? Hahahaha like some bros n sis also mention coe will cont downtrend.. nth to worry about..i nt in rush anyways.

Bo Lui kong bo Lui la..

[Pocy]

Haha dont have coe now... so dun hv expiry.. getting my first car when coe drop below 10k level.. 11k i also wont buy.. 10,001 also wont buy. 10k then i buy..hahahaha ya i very patient de..

Oh like that ah. I'm confident you can wait very patiently.

[Axela72]

Why so rigid that coe must drop exactly below 10k then can buy? coe below 10k does not equate to the car selling price drop equivalent. Not to include other aspect e.g. interest rate will increase.

 

e.g. a particular car model at 116k (60k coe) last year is selling at 113k (47k coe) now. However, the interest rate has increased. So what do you expect to gain from that?

 

 

 

Haha dont have coe now... so dun hv expiry.. getting my first car when coe drop below 10k level.. 11k i also wont buy.. 10,001 also wont buy. 10k then i buy..hahahaha ya i very patient de..

 

Edited April 15, 2016 by Axela72

[ken5977]

I think not so simple lar.....$ingapore 

 

Car show.. Road Show ... All Show.. you  Why promote ?

 

They are putting more Car to the road and then tell you Carlite.

 

Stimulate the buying itch and put on as much Car as possible. 

 

Quota increase to tie up with the back log from the AD.

 

Another Increase for Uber.. Grab.. ect.. and more to come.

 

All is well Plan. Only one subjective Goal.

 

Ha ha ha..and then...

 

GPS ERP

 

 

 

the more KM you travelled .. the more $$$ you Burn.

So Swee !!

 

 

[Imac]

Why so rigid that coe must drop exactly below 10k then can buy? coe below 10k does not equate to the car selling price drop equivalent. Not to include other aspect e.g. interest rate will increase.

 

e.g. a particular car model at 116k (60k coe) last year is selling at 113k (47k coe) now. However, the interest rate has increased. So what do you expect to gain from that?

Are you referring to VW Jetta ?

 

I think Jetta price dropped only $3K although COE dropped $13K (Oct 15 vs Apr 16), main reason is that it is highly on demand.

 

Maybe it is selling like hot cake thats why AD can afford to keep their price high.

 

Jetta's owner here will also be very happy as their car depreciate little.

[Hoshi8]

I humbly predict Coe to drop around 2506 for cat a and 3504 for cat b and cat c to drop by 4005

[Coltplussport]

I humbly predict Coe to drop around 2506 for cat a and 3504 for cat b and cat c to drop by 4005

Are you 财神爷爷giving the top 3 number for tomorrow 4D?

[acetron]

"According to market talk, Lion City is looking to put 1800 new cars on the road in anticipation of the growing demand" Source : Straits Times 16Apr16

 

Hmm... this will have an impact in Cat A COE. Look like there is a tug of war on the prices...... 

[Loo]

Are you referring to VW Jetta ?

 

I think Jetta price dropped only $3K although COE dropped $13K (Oct 15 vs Apr 16), main reason is that it is highly on demand.

 

Maybe it is selling like hot cake thats why AD can afford to keep their price high.

 

Jetta's owner here will also be very happy as their car depreciate little.

This brand cannot buy la... With all the emissions scandal.

[Showster]

Uber submits 800 COE bids, changes the game for cars.

 

A gamechanger with Uber. Grab some more COEs. 20% quota?

[Battledome64]

Uber submits 800 COE bids, changes the game for cars.

 

A gamechanger with Uber. Grab some more COEs. 20% quota?

It's Uber and Grab

[Doomax]

http://www.straitstimes.com/singapore/transport/ubers-expansion-drive-changes-the-game-for-cars

 

Back to square1.

 

Uber manage to reverse gov policies.

 

Allow 20% down payment.

Hire cars completing COE with private car owner.

Edited April 16, 2016 by Doomax

[Showster]

It's Uber and Grab

"Rival company Grab is also expected to do the same."

 

Grab haven't done it yet.

 

Luckily they may not be bidding every round. And perhaps not every bid successful.

Edited April 16, 2016 by Showster

[EricChan]

Uber submits 800 COE bids, changes the game for cars.

 

A gamechanger with Uber. Grab some more COEs. 20% quota?

That is a very sizeable bet - At 100k a pop that is what about $100 M

 

Any other Uber wannabes and game plan?

[BenTong]

http://www.straitstimes.com/singapore/transport/ubers-expansion-drive-changes-the-game-for-cars

 

Back to square1.

 

Uber manage to reverse gov policies.

 

Allow 20% down payment.

Hire cars completing COE with private car owner.

likely to close loophole with a practice directive soon. Maybe do it after they bid and then collect $$$.. Edited April 16, 2016 by BenTong

[Matrix0405]

http://www.straitstimes.com/singapore/transport/ubers-expansion-drive-changes-the-game-for-cars

 

Back to square1.

 

Uber manage to reverse gov policies.

 

Allow 20% down payment.

Hire cars completing COE with private car owner.

 

This is a good read. They finally reveal the guy who try to manipulate the market. 

How does the 20% downpay work for Uber? You downpay 20%, they use your name to bid in Open? In Open do you need an individual to bid or a company can put in any number of bids? 

[Fruit-tart]

Why so rigid that coe must drop exactly below 10k then can buy? coe below 10k does not equate to the car selling price drop equivalent. Not to include other aspect e.g. interest rate will increase.

 

e.g. a particular car model at 116k (60k coe) last year is selling at 113k (47k coe) now. However, the interest rate has increased. So what do you expect to gain from that?

Its jus the mindset.. like u said car model sell 116k ar 60k coe.. meaning the coe paper is costing way MORE than the car body (after uncluding arf n everything).. if coe drops to 10k coe, the total car price will drop, maybe nt much, but significantly.. meaning maybe 10k coe, total car price only 100k.. at least i am paying MORE for the car body n not the coe paper.. i mean seriously, i am buying a car... buying the parts, steering wheel, exterior , interior, everything about the car mahh...of cuz looking at car body metal n everything should worth more mahhh...when sell it off after few yrs or even 10years, the car body still worth mahh..

 

 

End of story: i am buying a car, not coe paper.. so its feasible to wait for coe to drop further more... as 10k max for coe paper is the MAX i willing to pay..i think 10k is good le.. alot ppl saying they wont pay even 2 bucks or 10bucks for coe lehh.. i'm sure u hear stuffs like tt..or ur frens who said tt...

 

Oh ya n u mentioned interest rates.. tt one no worry cuz i paying full amount if coe drops n total car prices drop significantly, no need take loan.. cuz if gonna buy, need take loan... so nvm i wait..

Edited April 16, 2016 by Fruit-tart

[Imac]

This is a good read. They finally reveal the guy who try to manipulate the market. 

How does the 20% downpay work for Uber? You downpay 20%, they use your name to bid in Open? In Open do you need an individual to bid or a company can put in any number of bids? 

I also wondering how did Uber and Grab managed to submit their bid in CAT A and B.

 

How did they find 800 over names of individual for submission ?

 

** I remember seeing Straits Time...almost everyday you can see a ads for Uber Driver....is this how Uber does it?

Ask hirer NRIC and submit COE bidding under their name, once kana the COE....the COE will then belong to Uber Company.

Edited April 16, 2016 by Imac