COE Bidding – 2nd Round of September 2018

[Jwee85]

My guess

 

Cat.A = $ 26,789

Cat.B = $ 29,888

Cat.C = $ 25,088

Cat.D = $ 3,489

Cat.E = $29,999

 

Perhaps its time to get the mercedes X-class pickup.

[Enye]

COE should generally be on the downtrend this year:

 

Singapore August exports growth slows to 5%

 

https://www.channelnewsasia.com/news/business/singapore-august-exports-growth-slows-to-5-10727420

 

can show a historical correlation on your conclusion?

 

[BobbyTan_74287]

5th bid incoming....

Wish you good luck!!!

[ER-3682]

COE should generally be on the downtrend this year:

 

Singapore August exports growth slows to 5%

 

https://www.channelnewsasia.com/news/business/singapore-august-exports-growth-slows-to-5-10727420

Well,COE is a secret thing,does not means will drop if the Economy not doing well,i remember late 2012,early 2013,Economy not doing well,COE for Cat B still raised to an Record of $96,000.    ..how you explained it.?

[MikeyMike]

It is time of the month again...

 

2 useful links:

Real Time COE Bidding Results

 

Check Your COE Bidding Status

 

[sunny] Good Luck to all vested! [sunny]

 

Past Bidding Results (2001 - 2012)

 

 

 

Past Bidding Results (2013 - 2018)

 

PQP (2013 - 2018)

 

Trend Chart (September 2016 - September 2018) **chart taken from www.sgcarmart.com

 

The details of the September 2018 second open bidding exercise for Certificates of Entitlement (COEs) are as follows:

 

Tender opens: Monday, 17 September 2018, 12 noon

Tender closes: Wednesday, 19 September 2018, 4.00 pm

Tender results: Wednesday, 19 September 2018 (Available on the www.onemotoring.com.sg website)

 

The total quota available for this tender is 4,835 for the following vehicle categories:

 

NON-TRANSFERABLE CATEGORIES:

Category A: Cars (up to 1600cc & 97kW (130bhp)) => 1,664

Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,278

Category D: Motorcycles => 821

 

TRANSFERABLE CATEGORIES:

Category C: Goods Vehicles and Buses => 542

Category E: Open Category => 530

 

During the bidding exercise, bidders can check on the status of their bids and revise their reserve price using these banksâ services or the LTA Open Bidding website (https://ocoe.lta.gov.sg).

Really appreciate all this while the data is always there for us! Cheers to all who are getting their COE this round! 发啦!

[Showster]

Somebody mentioned it before but I have to ask again.

 

If one gets a VES rebate of say 10K, would this affect the ultimate parf rebate?

[Huuray]

Yes, it is deducted from your ARF before calculating PARF, tho u get a min of $5k PARF.

 

Eg. OMV of $30k, ARF at $34k, VES at $10k, so PARF at 10 years = ($34k-$10k)/2 = $12k

 

OMV of $15k, ARF at $15k, VES at $10k, PARF at 10 yrs = ($15k-10k)/2 = (less than $5k) = $5k

 

The stupid thing is that unless AD really pass the full savings of VES to customer you are being chop carrot coz u just passed the VES saving to AD as profit instead. This is why ironically ends up that the VES rebate is useless and most ppl would go for VES B cars with no rebate.

 

Fully agreed. LTA should not allow the car dealers to exercise such flexibility with regards to the VES rebate if they really want to "reward" owners. It only serves to fatten the dealers' pocket.

[csy_sky]

Wish all bidding one good luck this round.

[EvaEva]

Yes, it is deducted from your ARF before calculating PARF, tho u get a min of $5k PARF.

 

Eg. OMV of $30k, ARF at $34k, VES at $10k, so PARF at 10 years = ($34k-$10k)/2 = $12k

 

OMV of $15k, ARF at $15k, VES at $10k, PARF at 10 yrs = ($15k-10k)/2 = (less than $5k) = $5k

 

The stupid thing is that unless AD really pass the full savings of VES to customer you are being chop carrot coz u just passed the VES saving to AD as profit instead. This is why ironically ends up that the VES rebate is useless and most ppl would go for VES B cars with no rebate.

 

If OMV is 15K, VES at 10K rebate, PARF at 10 years is (15-10)/2 = $2.5K

 

If OMV is 8K, VES at 10K rebate, actual rebate is only $3K to maintain min 5K PARF. Hence, PARF at 10 years is $2.5K

 

So effectively if you buy a car with MOV more than 10K, you save 10K upfront but your PARF value reduced by 5K.

 

Whether AD pass on the 10K rebate to you or not, you need to compare the new car prices  with cars with similar OMV.  With VES rebate, AD profit margin is higher because they could price the car at higher price and people still buy because the car is still value for money. 

[Kspecific]

Thank you bro Carbon82.

All the best to all!!!

[Yongwd]

Good luck everyone!

[Kryxwee]

Think this has got to be the quietest COE thread in 2018, good luck to all those bidding for this round.

[Griever]

Yes really quiet especially on a bidding closing day...COE crash

[LuminouX]

not much backlog from the last bidding? will be having my 1st round of bidding today :)

[Tungsan]

Guess today, all mood is down because of this morning MRT fault, and people may be questioning the reliability of the MRT again, and if they would like to have a car instead of relying for public transport.

 

MRT fault follow by the Blackout on Tuesday, fault follow by one another.

[speedguy10]

I think will drop about 5k to 8k for CAT A this round.

[ALANKHOO]

not much backlog from the last bidding? will be having my 1st round of bidding today :)

 

Me too. Best of luck!

[JQ01]

My guess:

Cat. A: $27K

Cat. B: $30K

Bigger drop for Cat. A than B...