COE Bidding – December 2020

[james1055]

21 minutes ago, RogerNg_185295 said:

Is your PI going to refund you?

Yes please let us know so that we can take note. Thanks.

[Aheart]

I am lucky to get my coe, 1st bidding Dec 2018, around 23.5k. It seems that it never go below that level after that. At that time many people predicted it will go below 20k, eat grass now

Also many stock market at their all time high level, mean many investor have spare cash for property and car now

Edited December 9, 2020 by Aheart

[Ttl1976]

6 minutes ago, Jellandross said:

when i signed my cheque for a new car before CB started, many people laughed at me say i kum gong, impulse buy, should wait for "recession COE drop", covid promotion, all kinds of PhD economics theories. 

i wonder why recently the same people stopped talking to me liao hmmm....

 

There is no best time, best price to buy.

The only correct time to buy is when u make up your mind.

 

Congrats

Edited December 9, 2020 by Ttl1976

[newbie_2020]

48 minutes ago, RogerNg_185295 said:

Is your PI going to refund you?

8 bids guaranteed. 

 

[ILoveMyCamry]

8 minutes ago, newbie_2020 said:

8 bids guaranteed. 

 

Good for you. The higher the better. :)

[Blync]

18 minutes ago, newbie_2020 said:

8 bids guaranteed. 

 

Hi bro, is yours 8 bids guranteed no cap?

Some PI's 8 bids guaranteed have a cap on how high they will bid. i.e. 8bids guaranteed capped at 40k

Anything beyond 40k they will not bid. Just sharing my experience back when i was comparing quotes between AD and PI.

Edited December 9, 2020 by Blync

[Bry_2004]

going higher and higher..

NG bids, hard to secure without further top ups..

G bids, please check if your G bid has a max bid clause..

to be sure it should be G bid, no top up..

Edited December 9, 2020 by Bry_2004

[Mustank]

1 hour ago, Jellandross said:

when i signed my cheque for a new car before CB started, many people laughed at me say i kum gong, impulse buy, should wait for "recession COE drop", covid promotion, all kinds of PhD economics theories. 

i wonder why recently the same people stopped talking to me liao hmmm....

 

Heng moi renew coe Liao 

[Passion]

When Lexus say they refund you if COE goes lower than 41k, we should know something is brewing. 🤣

[newbie_2020]

Don't have such clause. Its 8 bids guaranteed no cap. 

[Bensky]

1 hour ago, newbie_2020 said:

8 bids guaranteed. 

 

The only thing that’s guaranteed is your booking fee refund after 8 unsuccessful bids. If you read your contract carefully, you will discover nothing committal is mentioned about COE securing. G and non-G packages are non-legal binding arrangements conjured by car dealers. The T&C of all sales contracts, whether G or non G, are identical. G and non G are written definitions without associated legal statements.

[newbie_2020]

21 minutes ago, Bensky said:

The only thing that’s guaranteed is your booking fee refund after 8 unsuccessful bids. If you read your contract carefully, you will discover nothing committal is mentioned about COE securing. G and non-G packages are non-legal binding arrangements conjured by car dealers. The T&C of all sales contracts, whether G or non G, are identical. G and non G are written definitions without associated legal statements.

Then What is the point of signing contract? I don't think so ba if he fails to deliver it will tarnish his reputation 

Edited December 9, 2020 by newbie_2020

[ferrytales]

2 hours ago, Aheart said:

I am lucky to get my coe, 1st bidding Dec 2018, around 23.5k. It seems that it never go below that level after that. At that time many people predicted it will go below 20k, eat grass now

Also many stock market at their all time high level, mean many investor have spare cash for property and car now

same man got my car with 28k coe in mid 2019, looking back now glad that i made the decision fast and furious then. went in straight after the dip in coe $$ and just nice the demand during that period was weak also. 

[kumquat]

11 minutes ago, newbie_2020 said:

Then What is the point of signing contract? I don't think so ba if he fails to deliver it will tarnish his reputation 

If they intentionally hide clauses into fine print and make it difficult for the ordinary man to understand or notice then you can go complain to CASE when your 8 bid G is up and no COE. 
 

plus splash their name big big in MCF, newspaper and all the stir stir websites. Keep stirring until they kowtow to you. 
 

so for a few thousand dollars, no decent company would risk a black lash that would undo all their marketing

[Lotr8445r]

2 hours ago, kermitfm said:

The COE price is not correlated to the general economy. The general economy is bad because of the pandemic but there are still sufficient people with disposable income to buy new cars. Since there is a limited supply of COE, the demand will always exceed the supply. The final price of the COE will depend on how much these buyers in the 'demand' group is willing to pay. So because these folks can afford to chase the limited number of vehicle available, the price will continue to rise. The COE will inch upward because the buyers will not stomach large jumps so each cycle will see an increase of between $1K to $5K. If and when the COE drops, the showroom will be flooded by buyers and the cycle repeats.  

yah. Covid time, many ppls will work/stay at home. If base on logic, the car price should go south. However, the result that shown is different in direction. No logic at all

[Mustank]

6 minutes ago, Lotr8445r said:

yah. Covid time, many ppls will work/stay at home. If base on logic, the car price should go south. However, the result that shown is different in direction. No logic at all

Maybe is do phv 😞

[BobbyTan_74287]

31 minutes ago, newbie_2020 said:

Then What is the point of signing contract? I don't think so ba if he fails to deliver it will tarnish his reputation 

NO worries. G sure delivered. The most they give you Open Cat.

 

[newbie_2020]

30 minutes ago, kumquat said:

If they intentionally hide clauses into fine print and make it difficult for the ordinary man to understand or notice then you can go complain to CASE when your 8 bid G is up and no COE. 
 

plus splash their name big big in MCF, newspaper and all the stir stir websites. Keep stirring until they kowtow to you. 
 

so for a few thousand dollars, no decent company would risk a black lash that would undo all their marketing

Haha that's my backup plans!