COE Bidding - December 2023

[Tungsan]

This is cut and fill, last round down $19K for CAT A and 24K for CAT B, now have to fill up. Cannot always cut and no fill, right?

[13177]

COE went up. Cat A: $81k and Cat B: $112k!

[Nawoo]

heng got my new car over the weekend, lock in $65k COE. Saleslady was right after all, she said after this weekend sure chiong back up

[thebestbees]

@Nawoo this 1 don’t need to say 1. Quite obvious. Question is what happens to the price after 1-2 more biddings 

[Silverkris]

On 1/17/2024 at 4:03 PM, Nawoo said:

heng got my new car over the weekend, lock in $65k COE. Saleslady was right after all, she said after this weekend sure chiong back up

You mean you bought it over the weekend, they locked in $65K COE for you using one of their existing COE? Or they will bid for you this round using $65K as base?

[yishunite]

On 1/17/2024 at 3:59 PM, 13177 said:

So the last round dropped is just a one time only.

If u ever needed proof that COE is manipulated with collusion by dealers... pre-motorshow underbids 🤣

[GoodCar]

https://dollarsandsense.sg/3-features-worth-reviewing-current-coe-system/

[Nawoo]

@Silverkris haha actually i'm not sure. the sales agreement just says COE inclusive in the price already. 

 

If COE dropped below $55k, that i would have gotten some refund

Edited January 17 by Nawoo

[Silverkris]

On 1/17/2024 at 4:14 PM, Nawoo said:

@Silverkris haha actually i'm not sure. the sales agreement just says COE inclusive in the price already. 

 

If COE dropped below $55k, that i would have gotten some refund

I see. I suggest you check with them though whether they have a COE for you. 

In cases of sudden big increases in COE amounts, they might not have bidded so high for a COE, and will suggest that you top up or wait for a few more bids. (This is quite normal actually).

Sincerely wish you the best in getting your new ride though. A new ride is always a happy event. Cheers.

[Black320]

@Nawoo you can check on LTA website to see if they have bid for you. Unless it is written as guaranteed COE, it is not guaranteed you will get the car. Good luck!

 

[Atachi]

The usual Motorcar Show & CNY chut xin chia jump.

[13177]

On 1/17/2024 at 4:22 PM, Black320 said:

@Nawoo you can check on LTA website to see if they have bid for you. Unless it is written as guaranteed COE, it is not guaranteed you will get the car. Good luck!

 

Even it is a guaranteed COE, if the COE increased a lot, think they will ask you to top up.

[Tohto]

On 1/17/2024 at 4:14 PM, Nawoo said:

@Silverkris haha actually i'm not sure. the sales agreement just says COE inclusive in the price already. 

 

If COE dropped below $55k, that i would have gotten some refund

Did it mention guarantee COE in the contract? 

[AndrewLee72]

Garantee COE in contract - could also be Garantee 3 Bids !!!

[Ceecookie]

AD bidded 100k+ for my Cat B but didn't secure because price went up higher than that lol.

But I've expected that since there was high demand from motorshow 2024. Next 3 months I am expecting prices to fall back to 80k level again because LTA will inject more quota this year.

I think next 3 months quota should be announced by late next week. 

Edited January 17 by Ceecookie

[Arogab]

On 1/17/2024 at 2:59 PM, 13177 said:

So the last round dropped is just a one time only.

Let's see after this round they cheong with the sales and sales can keep up or not lor, I have few years to see. Haha

[inlinesix]

Where is @Mockingbird?

[Tohto]

On 1/17/2024 at 4:30 PM, 13177 said:

Even it is a guaranteed COE, if the COE increased a lot, think they will ask you to top up.

No lah. Guaranteed they have to offer within the contract period. Depends on number of bid.