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COE Bidding – 2nd Round of February 2020


Carbon82
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1 minute ago, Cheefarn said:

Major PHV rental companies coming in strong to bid for there new cars as usual. 

 

Spot in! Else, Cat A shd be $25K - $28K at most!

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5 minutes ago, Jwee85 said:

cheap COE dreams are all dashed!!

what a strong demand today!

Bidding will end on 19/02/2020 16:00:00 hrs

Bidding status as at 19/02/2020 15:54:19 hrs
Category    Current COE Price ($)    Quota    Bids Received
A    CAR UP TO 1600CC & 97KW    31,101    982    1,488
B    CAR ABOVE 1600CC OR 97KW    31,852    987    1,387
C    GOODS VEHICLE & BUS    24,509    352    480
D    MOTORCYCLE    3,989    577    639
E    OPEN-ALL EXCEPT MOTORCYCLE    17,001    328    410
Source: Land Transport Authority

If demand is based on the no. Of bids, then there could be another alternative explanation, i.e. there are many self bidders bidding a low amount.

It would be great if we can know the number of bids AND the bid amount

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9 minutes ago, danielphua82 said:

image.png.812e6532ccfcbc32a0431d373f048218.png

Already higher than the last time 

how much higher? I can't find last round record, LTA website very lousy, don't have a complete list for every round record  

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3 minutes ago, iceraider said:

Which AD? Aggressive by AD

It's PI, I also surprised they bid about 1k plus more than the closing price at around 320pm. Not last min bid.

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6 minutes ago, Vinceng said:

Spot in! Else, Cat A shd be $25K - $28K at most!

You guys do think carefully. You are pitting your limited hard earned money against large companies with unlimited funds for new cars. For them, their goal is to deploy X number of cars on the roads as part of their biz plan. Nothing will derail their plans

While for us people... that money u burn is prob all your life savings liao... and economy is so bad these days... you may not have the means to fill up the spent money void in the near future. 

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6 minutes ago, Cheefarn said:

You guys do think carefully. You are pitting your limited hard earned money against large companies with unlimited funds for new cars. For them, their goal is to deploy X number of cars on the roads as part of their biz plan. Nothing will derail their plans

While for us people... that money u burn is prob all your life savings liao... and economy is so bad these days... you may not have the means to fill up the spent money void in the near future. 

Agree. But ppl here no have such problem la bro.. steady..

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5 minutes ago, mikk123 said:

thanks for the advise. we all know. but what to do? we all fall in love with cars and the government knows it. we just can't help, but join the game.... the end results? government got richer and richer

Buy within your means or consider 2nd hand.

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5 hours ago, Cheefarn said:

High foot traffic and actual bookings made are 2 different matters. 

Alot were there to look at the cars and what kind of prices available. 

Alot of biz are downsizing or going bust liao la.. Still wanna spend over $100k on something that dep over 20k pa for the 1st 3 yrs?

Tough la bro. You are preaching to the converted.. most  (If not all) of the ppl here are car owners. They have already passed the point of no return. 
 

some ppl here even can pay full cash. Some buy 2-3. Some take loan to the max..

think they all suck egg dy la..   no need to lecher them.. no salvation dy

 

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5 hours ago, Cheefarn said:

High foot traffic and actual bookings made are 2 different matters. 

Alot were there to look at the cars and what kind of prices available. 

Alot of biz are downsizing or going bust liao la.. Still wanna spend over $100k on something that dep over 20k pa for the 1st 3 yrs?

Looks like MCF interest and crowded showrooms is very accurate ..

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