COE Bidding - 1st Round of June 2016

[Berlow]

AD also called me yesterday to top up 3k for Guaranteed COE. Should I top up? They say at the rate it is going, no hope to secure confidently.

Next car show is october, if can, wait. I think lta should mandate all ADs must sell cars without coe too.

Edited June 5, 2016 by Berlow

[Char]

Haha ... Our MAS created harm more than good ...,how to get married and produce more baby as all money suck by the car loan liao!

Let me summaries

 

Same car

$90k, 40% down and 5yrs loan is unaffordable

 

$112k, 30% down and 7yrs loan is still affordable though some member don't understand or lazy to use calculator

Some fail their math , some only see now , some say buy first see later ....

[Kazuya]

I told them 1.5k and Set rebate at 50k since they so confident that COE will shoot up. See what they say.

[Axela72]

smart move by asking them to increase the rebate level rather than letting them chop u on whatever the top up level they preferred

 

I told them 1.5k and Set rebate at 50k since they so confident that COE will shoot up. See what they say.

 

[Fruit-tart]

Finally you re-surface and lower it to $8K. Which is your target car now?

no target car. just waiting for coe to drop before buying car.

Wa.you have gone to the dark side. Predicting up by $8k up and $10kup?

Sporeans are smart n know a good deal. How many products can last 10 years nowadays? Only COE can..

no, i am saying coe will drop from the current 40k to 8k coe... meaning will drop to about 30k to 8k or 10k coe.. hahahaha.. good to be optimistic .. i will wait.

[dsman]

I told them 1.5k and Set rebate at 50k since they so confident that COE will shoot up. See what they say.

 

clever. would like to know how they respond to that. let us know :)

[Quirky]

You bought the C4P from C&C? I really wouldn't expect C&C to call customers to top up, even before bidding has started. 

 

 

 

I told them 1.5k and Set rebate at 50k since they so confident that COE will shoot up. See what they say.

 

[Kia7200]

Haha ... Our MAS created harm more than good ...,how to get married and produce more baby as all money suck by the car loan liao!

Some fail their math , some only see now , some say buy first see later ....

My neighbour who bought his sunny when coe $1000++ , gave up driving. Sometimes it depend on where u put ur priority. In Singapore, There are many family with kids who don't own a car too.

 

For those who book the car before the increase in car plus which is.around 2k, will benefit from this new regulation. For those who book the car after the increase of car price, and maybe the Coe price which I even see some genius say the Coe price is increase to $80k, I got a shock.

I bet these people also will believe Kong hee 100 folds, those magnetic cancer curing mattress or I can sell them example 1 Apple for 50cent and give promotion 10apples for $6 and foc 2 apples, they might fall for it

[Kazuya]

You bought the C4P from C&C? I really wouldn't expect C&C to call customers to top up, even before bidding has started.

I cant believe my ears too when I first heard it. I thought only PI play such games. Tsk...

[BenTong]

I cant believe my ears too when I first heard it. I thought only PI play such games. Tsk...

Don't think will hit $80K: but think may hover ard $65k..

[Ct3833]

My guess is that it will go up by 5k range for a couple of bids but will settle below 50k in the longer run. 10k coe will not happen whether is loan easing measure exist or not, but now looks like 30k is even unachievable, at least not within the next few months unless there are other external factors.

[BenTong]

Next car show is october, if can, wait. I think lta should mandate all ADs must sell cars without coe too.

bro. MAS has already mandated that ALL AD quote a price with and/or without COE.

 

Question is whether you are happy with the price without COE vs price with COE or whether the AD will give more priority in terms of car delivery ...

My guess is that it will go up by 5k range for a couple of bids but will settle below 50k in the longer run. 10k coe will not happen whether is loan easing measure exist or not, but now looks like 30k is even unachievable, at least not within the next few months unless there are other external factors.

The number of ppl renewing their Coe apparently has jumped 5 fold this year compared to same period last year. Expect to hit 20k in terms of Coe renewal. Translates to 20k less Coe this year.

Quite high chance of COE remaining above $60k I fear for the next 12 mths

[Quirky]

If it goes up to 65k, it will take a while to go down again (if it ever goes down). :(

 

 

Personally, I think:

1. Cat B will settle at around 53k this coming bid.

2. ADs increase car prices more than the increase in COE (in order to recoup reduced profit margins this round).

3. COE rises in the 2nd June bid. Duh!

4. People are aware that the quota will drop in the Aug - Oct bidding period. Rushes to book vehicle to make it for the last COE bidding for this quarter.

5. Holiday folks return from their overseas holidays. Sees the chaos. Rushes to showroom. Sees the chaos in the showroom, books vehicle immediately.

6. Demand goes up.

7. COE goes up. More people renew. Cycle continues.

 

Purely my own speculations. :(

 

 

[Char]

no target car. just waiting for coe to drop before buying car.

 

no, i am saying coe will drop from the current 40k to 8k coe... meaning will drop to about 30k to 8k or 10k coe.. hahahaha.. good to be optimistic .. i will wait.

Status at 2:38pm

[Arch1984]

bro. MAS has already mandated that ALL AD quote a price with and/or without COE.

 

Question is whether you are happy with the price without COE vs price with COE or whether the AD will give more priority in terms of car delivery ...

The number of ppl renewing their Coe apparently has jumped 5 fold this year compared to same period last year. Expect to hit 20k in terms of Coe renewal. Translates to 20k less Coe this year.

Quite high chance of COE remaining above $60k I fear for the next 12 mths

 

20k renewal means 20k lesser demand, so its a wash. Probably have to look at the number of new car owners entering and number of existing car owners existing. Given that COE is now at 50k with this amount of COE quota available, we will probably be looking at 100k norm in the future.

 

Unless the public transport system improve a lot, economy crashes, population drop, etc, COE will be maintained at a high level.

[Pocy]

no target car. just waiting for coe to drop before buying car.

 

no, i am saying coe will drop from the current 40k to 8k coe... meaning will drop to about 30k to 8k or 10k coe.. hahahaha.. good to be optimistic .. i will wait.

This bidding, you will put in $8K or $10K?

[Newbie26]

Agree with you Bro

The point that is often lost among all the discussions is that it is truly amazing that coe is at 50k with the enormous no of coes available. The total no of coes is not going to raise very much higher. We are near the peak of supply.

A lot of people are hoping coe will at least drop to 30k range but except for the 38k blip, the rest were not even close.

Certainly this is a concern among many when the coe tap starts drying up, and it will inevitably happen. 

How high will it shoot up again?   

The revised loan will help boost sales of new cars of the many popular brands, in particular the PI imported ones like Vezel, harrier etc

It will be good for everyone if coe stays range bound bet 45 to 55k for the rest of the year.

 

20k renewal means 20k lesser demand, so its a wash. Probably have to look at the number of new car owners entering and number of existing car owners existing. Given that COE is now at 50k with this amount of COE quota available, we will probably be looking at 100k norm in the future.

 

Unless the public transport system improve a lot, economy crashes, population drop, etc, COE will be maintained at a high level.

 

[Arch1984]

More concern that given the prolong high price, everyone, esp the new drivers entering the market will have the mindset that COE lowest is $40k, accept the high price that allows AD to bid higher.