COE bidding - 1st round of Feb 2017

[Eyke]

Ask a noob question.

 

What if 200 individual (eg. you and me) place bids at $1 at the last 15mins too?

then the stupid 200 just gave Gahment $400

[Pocy]

then the stupid 200 just gave Gahment $400

Wah .... got 200 stupid.. so many

[Darius]

Ask a noob question.

 

What if 200 individual (eg. you and me) place bids at $1 at the last 15mins too?

Those 200 people just wasted their time and admin fee as it will not affect the COE price if the number of bidder has already exceeded quota at the time when they place their bid.

[Darius]

When deregistration is higher means there will be more ppl giving up driving (no longer need to, too old, cannot afford) assuming % of such ppl is consistent to cater for new drivers, PH, etc. During downturn the percentage will be higher due to the increase in cannot afford ppl plus lesser potential new drivers. So COE may still be lower even if quota is lower. Quota for 2018 and 2019 based on current existing vehicles bought in 2008 and 2009 will be lower. Whether will 2018 and 2019 be higher than 2016 or 2017 will depend on how the economy goes or what "interesting" measures the government comes up with.

Deregistration are usually due to car expires the 10 year COE or total loss during accident or being exported etc. I sell my car if I give up driving. I do not agree deregistration is higher meaning more people giving up driving. Edited February 4, 2017 by Darius

[Titanium]

Those 200 people just wasted their time and admin fee as it will not affect the COE price if the number of bidder has already exceeded quota at the time when they place their bid.

Oic... sigh... there is nothing we can do abt UG then.

[Pocy]

When deregistration is higher means there will be more ppl giving up driving (no longer need to, too old, cannot afford) assuming % of such ppl is consistent to cater for new drivers, PH, etc. During downturn the percentage will be higher due to the increase in cannot afford ppl plus lesser potential new drivers. So COE may still be lower even if quota is lower. Quota for 2018 and 2019 based on current existing vehicles bought in 2008 and 2009 will be lower. Whether will 2018 and 2019 be higher than 2016 or 2017 will depend on how the economy goes or what "interesting" measures the government comes up with.

Where does the theory for such unilateral thought obtained from?

[Arch1984]

Deregistration are usually due to car expires the 10 year COE or total loss during accident or being exported etc. I sell my car if I give up driving. I do not agree deregistration is higher meaning more people giving up driving.

 

For most ppl, esp those who wants to drive but can longer afford, or no longer make sense to drive, would just defer the decision till the end of COE. Coz at that point, you need to decide if u wanna extend or buy a new car (both of which need huge cash outlay). Of course, there would be ppl giving up earlier as well.

Where does the theory for such unilateral thought obtained from?

 

Which part?

[Sktan10]

When deregistration is higher means there will be more ppl giving up driving (no longer need to, too old, cannot afford) assuming % of such ppl is consistent to cater for new drivers, PH, etc. During downturn the percentage will be higher due to the increase in cannot afford ppl plus lesser potential new drivers. So COE may still be lower even if quota is lower. Quota for 2018 and 2019 based on current existing vehicles bought in 2008 and 2009 will be lower. Whether will 2018 and 2019 be higher than 2016 or 2017 will depend on how the economy goes or what "interesting" measures the government comes up with.

Ask you one question,will you give up driving?If you and me give up,Coe will down.

Two of my relatives age 65 and 63 just brought their new cars.One cat A and one cat b.And they are just average working Joe.Children already grown up,money nowhere to spend so spend on car and holiday.

They drive from young.Quite difficult for them to give up driving la!

[Pocy]

For most ppl, esp those who wants to drive but can longer afford, or no longer make sense to drive, would just defer the decision till the end of COE. Coz at that point, you need to decide if u wanna extend or buy a new car (both of which need huge cash outlay). Of course, there would be ppl giving up earlier as well.

 

 

Which part?

All parts ..... LOL

[Leo22]

Ask you one question,will you give up driving?If you and me give up,Coe will down.

Two of my relatives age 65 and 63 just brought their new cars.One cat A and one cat b.And they are just average working Joe.Children already grown up,money nowhere to spend so spend on car and holiday.

They drive from young.Quite difficult for them to give up driving la!

That sounds familiar to me too, usually they will buy the one with highest spec and assesories they can afford, lesser worry about monthly spending budget, housing loan, children's study, tuition fees... Edited February 4, 2017 by Leo22

[Darius]

For most ppl, esp those who wants to drive but can longer afford, or no longer make sense to drive, would just defer the decision till the end of COE. Coz at that point, you need to decide if u wanna extend or buy a new car (both of which need huge cash outlay). Of course, there would be ppl giving up earlier as well.

 

 

Which part?

For those no longer able to afford or giving up, sell the car or return to finance.

For those that wish to renew COE can do anytime or ask Bro Tianmo for advice

For those that want cheaper COE and car not expired or buy new car, do a calculation and buy car now because COE is cheaper in 2016 and 2017 but 2018 ...?????

[Sktan10]

That sounds familiar to me too, usually they will buy the one with highest spec and assesories they can afford, lesser worry about monthly spending budget, housing loan, children's study, tuition fees...

Their children already started working.Their Hdb flats and condo loan already clear long time ago.

So their interests now only left car and holiday,lol!

I cannot afford doesn't mean others are the same with me.

Present Coe to me is expensive maybe others might not feel that way,right?

When Coe drop,maybe I will be the first one to rush in and push it up again,who knows?

[Arch1984]

Ask you one question,will you give up driving?If you and me give up,Coe will down.

Two of my relatives age 65 and 63 just brought their new cars.One cat A and one cat b.And they are just average working Joe.Children already grown up,money nowhere to spend so spend on car and holiday.

They drive from young.Quite difficult for them to give up driving la!

One day have to give up ma. Either we die or govt say we not medically fit enough to drive.

All parts ..... LOL ð

Lol i wont bother den.

[Vinceng]

Kia has raised prices for the 2nd consecutive time on 1 Feb since the last COE bid.

 

Crystal clear indication of strong buying sentiments.

[minion]

Will coe ever drop below 40k?

Just looking at the equation.

How much has the population increased over the past ten years?

How much capacity the public transportation has increased? And how many more cars on the road?

 

Population increased a lot, so does mrt line and bus frequency. I think it is a good balance. Car will maintain and should maintain around 40k-60k. It's a huge income for the government. Government spending depends on ceo income. See what was done recently? Car park cost increased 30%. One way or another, government has to extract car owners' money. If coe drops consistently, they will bringing other initiatives to push up coe. Or implementation pay-per-drive system. The more you drive the more you pay. But they make sure in the end, more money is collected.

The average income of car owners is much higher than average income of public transport users. You are paying income tax at your own will to support the nation. We all had a choice not to pay additional income tax, but we all choose to pay by owning cars.

[Wt_know]

not just population increase

the answer is how many HNWI increased in the last 10 years

one stone throw can hit how many millionaires in spore

[Darius]

Will coe ever drop below 40k?

Just looking at the equation.

How much has the population increased over the past ten years?

How much capacity the public transportation has increased? And how many more cars on the road?

 

Population increased a lot, so does mrt line and bus frequency. I think it is a good balance. Car will maintain and should maintain around 40k-60k. It's a huge income for the government. Government spending depends on ceo income. See what was done recently? Car park cost increased 30%. One way or another, government has to extract car owners' money. If coe drops consistently, they will bringing other initiatives to push up coe. Or implementation pay-per-drive system. The more you drive the more you pay. But they make sure in the end, more money is collected.

The average income of car owners is much higher than average income of public transport users. You are paying income tax at your own will to support the nation. We all had a choice not to pay additional income tax, but we all choose to pay by owning cars.

So will drop below 40k?

One day have to give up ma. Either we die or govt say we not medically fit enough to drive.

Lol i wont bother den.

I thought up the lorry de-register citizenship and migrate. Edited February 4, 2017 by Darius

[merc280v6]

Sir Isaac Newton - What goes up must come down.

 

Nothing stays forever. Nothing holds on forever. Nothing is infinity and only GOD is.

The world's human population has only gone up, not down, ever since creation (since you are leaning toward religious lines)! Edited February 4, 2017 by merc280v6