COE Bidding - December 2023

[Fcw75]

COE is obviously going to go up in the next round after the motor show. Why would they reduce a lot leh?

[Ginyu]

On 1/7/2024 at 2:54 PM, Fcw75 said:

COE is obviously going to go up in the next round after the motor show. Why would they reduce a lot leh?

When coe was 100k,  I don't buy and now it drop to 65k so I decide to visit the showroom but alot say when many  buy, it will rebound the coe back to 100k then what's the point of going to the showroom when coe at 65k. Firstly budget for 65k and not 100k coe. Does that means be prepared to top up 65k to 100k coe to secure it?🤣

Edited January 7 by Ginyu

[Fitmugen]

On 1/7/2024 at 3:13 PM, Ginyu said:

When coe was 100k,  I don't buy and now it drop to 65k so I decide to visit the showroom but alot say when many  buy, it will rebound the coe back to 100k then what's the point of going to the showroom when coe at 65k. Firstly budget for 65k and not 100k coe. Does that means be prepared to top up 65k to 100k coe to secure it?🤣

Let the dealer make the call, whether they want to sell to you and make a smaller profit.
At most take back the deposit.

I don’t think the dealer will want to go through all the hassle to refund, if overall they can still make a profit enough to cover the warranty period.

If COE high you don’t buy and COE low you also don’t buy, when do you actually buy a car 😃

[Mkl22]

On 1/7/2024 at 3:44 PM, Fitmugen said:

Let the dealer make the call, whether they want to sell to you and make a smaller profit.
At most take back the deposit.

I don’t think the dealer will want to go through all the hassle to refund, if overall they can still make a profit enough to cover the warranty period.

If COE high you don’t buy and COE low you also don’t buy, when do you actually buy a car 😃

Haha means you never gone thru enough coe bidding experience either yourself or friends. 
many times AD return deposit for those who don’t want to top up. All throughout the 30years of coe bidding. 😂

[thebestbees]

@Ginyu better to let price stabilize, because a sharp drop usually dealers only reduce price by a little expecting the next round to go up. Once price continues to trend downwards or at least stabilize maybe dealers will drop price according to coe price change 

[Benarsenal]

On 1/7/2024 at 3:13 PM, Ginyu said:

When coe was 100k,  I don't buy and now it drop to 65k so I decide to visit the showroom but alot say when many  buy, it will rebound the coe back to 100k then what's the point of going to the showroom when coe at 65k. Firstly budget for 65k and not 100k coe. Does that means be prepared to top up 65k to 100k coe to secure it?🤣

You need to know how COE works. Sudden sharp drop or rise doesn't reflect actual sale price. It's mostly an average over a sustained period.

[ccc888]

On 1/7/2024 at 4:08 PM, Mkl22 said:

Haha means you never gone thru enough coe bidding experience either yourself or friends. 
many times AD return deposit for those who don’t want to top up. All throughout the 30years of coe bidding. 😂

Personally, i never take NG package before….always pay abit more for G bid and nego high COE rebate….kym?

[ccc888]

Also maybe different strategy works whether u have car to trade in anot. Rising or downtrend period.

[Lala81]

On 1/6/2024 at 2:53 PM, Volvobrick said:

40k cat B and below I might be tempted to buy even confirmed underused.

 

tan gu gu.

 

[Volvobrick]

On 1/7/2024 at 7:06 PM, Lala81 said:

tan gu gu.

 

Never say never! 

[13177]

On 1/7/2024 at 9:10 PM, Volvobrick said:

Never say never! 

True, no one predict coe for Cat A can dropped to 65k so fast from 100k plus. 😂

[ccc888]

On 1/7/2024 at 10:13 PM, 13177 said:

True, no one predict coe for Cat A can dropped to 65k so fast from 100k plus. 😂

Only got many hindsight big fairy canon 😆

[Hellflame]

@Fitmugen hi Bro, thanks for the advice. 

i was also pondering since i only drive weekends( bring kids , family ) out and i don't drive on weekdays, would it be feasible for me to explore COE cars instead?

[shrjun]

^ this would be a very under-utilised vehicle.

Go for the cheapest option possible.

[thebestbees]

@Hellflame buy OPC 

[Fitmugen]

On 1/12/2024 at 12:11 AM, Hellflame said:

@Fitmugen hi Bro, thanks for the advice. 

i was also pondering since i only drive weekends( bring kids , family ) out and i don't drive on weekdays, would it be feasible for me to explore COE cars instead?

If I were you, I will just take grab. Even if u call for Alphard or Lexus grab car every time, it’s cheaper than owning any car.

assuming your COE is $60k, every week already burn $115 (60k/520 weeks) on COE alone.

Edited January 12 by Fitmugen

[Hellflame]

On 1/12/2024 at 7:24 AM, shrjun said:

^ this would be a very under-utilised vehicle.

Go for the cheapest option possible.

hi bro, thanks for advice. 

[Hellflame]

On 1/12/2024 at 9:34 AM, Fitmugen said:

If I were you, I will just take grab. Even if u call for Alphard or Lexus grab car every time, it’s cheaper than owning any car.

assuming your COE is $60k, every week already burn $115 (60k/520 weeks) on COE alone.

yes i think this will be the best option, but i got in law staying with me,they can't seem to grasp this idea