View Full Version : Next COE bidding??
Place your bets...Cat A=50k....75k...100k...:D:D:D
phantom_opera
27-02-13, 15:47
60-70k for 2 months, stabilize and up again
I am thinking of picking up a small car for my son.
Any suggestion?
OMV $20,000 please
buttercarp
27-02-13, 16:09
I am thinking of picking up a small car for my son.
Any suggestion?
OMV $20,000 please
Honda Fit (parallel import) - very economical car (yowetan's car).
However no spare tyre.
Honda Jazz is the original version and slightly more expensive, but very economical car (radha's wife's former car).
buttercarp
27-02-13, 16:12
Place your bets...Cat A=50k....75k...100k...:D:D:D
Maybe not next COE bidding as cars have been ordered prior to budget speech and dealer has to honour the guaranteed COE, unless buyer withdraws.
Perhaps :
Cat A = 40k
Cat B = 60k
Then 6 months later
Cat A = 20k
Cat B = 30k
:D :D :D :D
Honda Fit (parallel import) - very economical car (yowetan's car).
However no spare tyre.
Honda Jazz is the original version and slightly more expensive, but very economical car (radha's wife's former car).
as for yowetan's car, secret is dealers will knock off another $2000, if you opt for the version that doesn't come with side and rear view mirrors and another $1000 if you forgo the steering wheel :D
Honda Fit (parallel import) - very economical car (yowetan's car).
However no spare tyre.
Honda Jazz is the original version and slightly more expensive, but very economical car (radha's wife's former car).
Butter
what business you are in? car registration for SgCondo?
Maybe not next COE bidding as cars have been ordered prior to budget speech and dealer has to honour the guaranteed COE, unless buyer withdraws.
Perhaps :
Cat A = 40k
Cat B = 60k
Then 6 months later
Cat A = 20k
Cat B = 30k
:D :D :D :D
if this is true then power can go in already for me :hell-hath-no-fury:
Honda Fit (parallel import) - very economical car (yowetan's car).
However no spare tyre.
Honda Jazz is the original version and slightly more expensive, but very economical car (radha's wife's former car).
honda jazz OMV is more than 20k though. Get Fit or vios also not bad in terms of FC as well ?
buttercarp
27-02-13, 16:28
Butter
what business you are in? car registration for SgCondo?
My father was a part time used car sales man many years ago, so I grew up with "many" cars.
buttercarp
27-02-13, 16:30
honda jazz OMV is more than 20k though. Get Fit or vios also not bad in terms of FC as well ?
That one is 1.5L.
1.3L Honda Jazz omv is below $20K.
starrynight
27-02-13, 17:30
How about VW Jetta? Says here (http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/car_cost.MainPar.0047.File.tmp/Car_Cost_Update.pdf) OMV is $19k to $21k. I'd suggest the VW Scirocco, but that costs more.
I am thinking of picking up a small car for my son.
Any suggestion?
OMV $20,000 please
Honda Fit (parallel import) - very economical car (yowetan's car).
However no spare tyre.
Honda Jazz is the original version and slightly more expensive, but very economical car (radha's wife's former car).
Yup no regrets honda jazz...except the price $$$:D:D:D
My father was a part time used car sales man many years ago, so I grew up with "many" cars.
many years from now my daughter will tell her friends the same thing my father was a used car dealer..haha...no la...but i owned almost 20 cars in my life...datsun 100a/120y nissan sunny toyota starlet/corolla/corona....honda civic/jazz/...toyota vios...suzuki ignis...renault 5 turbo....proton wira/gen 2...perodua kelisa....subaru impreza....mazda 323 GT...etc etc....OMG...thats sad...all low end cars...:banghead:...should have just bought properties...:banghead::banghead::banghead::scared-3:
many years from now my daughter will tell her friends the same thing my father was a used car dealer..haha...no la...but i owned almost 20 cars in my life...datsun 100a/120y nissan sunny toyota starlet/corolla/corona....honda civic/jazz/...toyota vios...suzuki ignis...renault 5 turbo....proton wira/gen 2...perodua kelisa....subaru impreza....mazda 323 GT...etc etc....OMG...thats sad...all low end cars...:banghead:...should have just bought properties...:banghead::banghead::banghead::scared-3:
If only u stayed faithful on a car,:D properly now u own at least few pty..
Every time change car is talking about how much u lose ..
That one is 1.5L.
1.3L Honda Jazz omv is below $20K.
My 1.3 litre Honda jazz is OMV above 20k ... It's my own car so pls no doubt me on this
many years from now my daughter will tell her friends the same thing my father was a used car dealer..haha...no la...but i owned almost 20 cars in my life...datsun 100a/120y nissan sunny toyota starlet/corolla/corona....honda civic/jazz/...toyota vios...suzuki ignis...renault 5 turbo....proton wira/gen 2...perodua kelisa....subaru impreza....mazda 323 GT...etc etc....OMG...thats sad...all low end cars...:banghead:...should have just bought properties...:banghead::banghead::banghead::scared-3:
Which car would be best value for horsepower heh - my jazz is mod (max permissible legal extent) but there is a cap on how much u can mod for the car. Which of the above would be able to have best mod potential for horsepower and yet no cause a big dent in pocket ?
Seems like Honda have pretty high OMV... for 1st timer, got for a reliable one like Toyota :D
Anyway, the next bidding might not see a drastic drop as there should be some backlogs. The Apr bidding onwards will be the barometer for the next half of the year
Which car would be best value for horsepower heh - my jazz is mod (max permissible legal extent) but there is a cap on how much u can mod for the car. Which of the above would be able to have best mod potential for horsepower and yet no cause a big dent in pocket ?
Personally I think leave it stock is best. Cos the among spend on mod vs the gain ( be it fuel or power) don justify .
buttercarp
27-02-13, 18:48
My 1.3 litre Honda jazz is OMV above 20k ... It's my own car so pls no doubt me on this
Ooops ! :o
Out from the horses mouth is usually more accurate.
Thanks.
I got my info from http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/open_market_value.html
But they say "The OMV obtained serves as your reference only and may differ from the actual OMV of the car you wish to purchase.http://www.onemotoring.com.sg/publish/0.gif"
https://pbs.twimg.com/media/BEG6dbMCQAAPjUx.jpg
Never own a car in Singapore, after spending so many years oversea still don't believe in owning a car in Singapore prefer people to drive me around.
Which car would be best value for horsepower heh - my jazz is mod (max permissible legal extent) but there is a cap on how much u can mod for the car. Which of the above would be able to have best mod potential for horsepower and yet no cause a big dent in pocket ?
u want power jazz cmi...but the fit 1.5RS is fast...i play play before with my ignis sports...u see the picture in my nick that is my all time favourite car i own...civic Sir...i mod until like 3rm flat become condo...:D:D:D...that one super fast and cheap to maintain...now i play vios(my wife car)...but dont want to zheng la....enough is enough...power is NOTHING without control...:)
If only u stayed faithful on a car,:D properly now u own at least few pty..
Every time change car is talking about how much u lose ..
bro you are ABSOLUTELY right...now i am wiser and can only teach my children dont make same mistake as me...:o....take bus and spend all your money buy house...sure win...:D:D:D
Personally I think leave it stock is best. Cos the among spend on mod vs the gain ( be it fuel or power) don justify .
after i drive and mod so many car...u are right stock is best..speed thrills but kills....:o
Never own a car in Singapore, after spending so many years oversea still don't believe in owning a car in Singapore prefer people to drive me around.
four letter word....TAXI...:D:D:D
Which car would be best value for horsepower heh - my jazz is mod (max permissible legal extent) but there is a cap on how much u can mod for the car. Which of the above would be able to have best mod potential for horsepower and yet no cause a big dent in pocket ?
subaru wrx/sti
BMW, Bus MRT Walk.
With BMW, I spend 100k on 2 Bedroom in Jun 2006 instead of car.
subaru wrx/sti
where to find ...:)
http://www.sgcarmart.com/used_cars/info.php?ID=326741&DL=500
after i drive and mod so many car...u are right stock is best..speed thrills but kills....:o
You are right, power without control kill.
When upgrade from NA, u later find brake need to upgrade say 4 or 6 pot..
Later find out , brake distribution not even , then need to upgrade rear brake and force distribution .... Nn end ...
and best.. Kana TP, all revert to NA..
after i drive and mod so many car...u are right stock is best..speed thrills but kills....:o
u are right ... but i was blur when just had car then initially and tio poisoned and was no way of turning back :doh: .... I would settle for a pure stock BMW 3 series when the COE prices dip makes the overall quantum more affordable i guess :hell-hath-no-fury:
subaru wrx/sti
dun dare to touch this as will be very poisoned ... TC stage 1 all the way to stage 3 then maintenance will die like mad haha ... so not really a good car in terms of escalating maintenance costs though
dun dare to touch this as will be very poisoned ... TC stage 1 all the way to stage 3 then maintenance will die like mad haha ... so not really a good car in terms of escalating maintenance costs though
ha ha u right power corrupts your mind and ur wallet...:scared-1::D:D:D
u are right ... but i was blur when just had car then initially and tio poisoned and was no way of turning back :doh: .... I would settle for a pure stock BMW 3 series when the COE prices dip makes the overall quantum more affordable i guess :hell-hath-no-fury:
now everything screwed must come out a lot of downpayment just to buy...sianzz...i was also aiming 3-series for my wife guess just LL...drive toyota can...:banghead:
Car Buying Costs Breakdown / My Take on MAS ruling and New Tier Tax Structure on ARF
Tuesday, February 26, 2013.
With the new restrictions from MAS on car loans and also on the New Tier Tax Structure on ARF taxes announced as part of Budget 2013, I thought I will list the following out to help people understand car buying in general in Singapore, as I was very surprised that the few people I spoke to and who owned vehicles did not understand or have any clue on how are cars priced in Singapore and what are the factors contributing to the exorbitant amount of cash we paid for our set of wheels in Singapore.
Car prices in Singapore are priced on the following:
A) OMV (Open Market Value): OMV is assessed by the Singapore Customs, taking into account purchase price, freight, insurance and all other charges incidental to the sale and delivery of the car from country of manufacture to Singapore. This means your beloved set of wheels actually costs lesser from the manufacturer and the OMV is not the selling price from the manufacturer to the local authorized dealer. If you are looking for the OMV of any vehicles, you are welcome to click on the following link:
http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/open_market_value.html (http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/open_market_value.html)
B) COE (Certificate of Entitlement): This is pretty much self-explanatory. Every neighborhood Uncle / Aunties /Ah Gong / Ah Ma knows about the COE. We have Cat A, B, C, D, and E. For the benefit of discussion on private motor vehicles, we really only need to be looking at Cat A: (1600CC and below), Cat B: (Above 1600CC), and Cat E: (Open Cat, where we can use it for vehicles in both Either A or B).
There are a lot of critiques on whether the current COE system actually does what it was intended for, and also with many people crying for a revamp of the system, but I’m sure with the new MAS ruling and New Tier tax structure on the ARF announced just last night, these people probably would have wished that they have shut up instead because they just received 1 mega driver slap in their faces from our ruling party despite predictions that COE prices will come down with the new MAS Ruling working hand in hand with the New Tax Rate Structure on ARF if Budget 2013 is approved and moved in Parliament. (mildly is my guess).
C) ARF (Additional Registration Fees) 100% of the OMV based on the existing ruling before Budget 2013. This translates to a pure gravy transfer from our bank account into the government coffer.
With Budget 2013, a new tier ARF tax structure is in place. If the OMV of your dream vehicle is;
Example: OMV of an Entry level BMW 320I is currently at $36, 486 (Based on the link above). The ARF for this vehicle will now be 100% of the first $20,000 and 140% of the remaining $16,486 which is $23,080. Adding both $20,000 and $23,080 gives you the final ARF of $43,080.
You are now paying an extra $6594 ($43,080 - $36,486) because the OMV is > $20,000. So in short, the higher the OMV, the more ARF you pay.
D) Custom Duty: 20% of the OMV. This is a straight up additional form of duty fees imposed on top of the ARF that goes straight to the Government account.
E) GST: 7% GST on the Custom Duty + OMV. A form of consumption taxes that is imposed to transfer your hard earned cash into the government account based on the value of goods that you have consumed.
F) Registration Fees of $140. (Well, someone needs to do the administrative tasks and all the paperwork required right? We have a first world civil services and they really need to be paid).
G) Vehicle Plate Fees of $30. You wheels needs to be properly identified and tag so that it makes our friendly “Summon Auntie” job easier. They do need to take down your car license plate if you have over parked or parked in a lorry lot (sounds familiar?), or for our brave TP who chases you down the PIE at 150km/h.
H) Whatever else more you paid on top of the 7 points above = Authorized Dealer’s profit. You can’t expect them to do all this for you for free, can you? Btw, this is a really very huge margin after you do your calculation. But I don’t blame them. They need to pay good commission to their Sales Executives and also on their marketing campaign (VW is really good at that I must say). In addition, as one of my friends, KC had pointed out, the AD also bears the Warranty of the vehicle for whatever amount of years they promised to you in the sales agreement, together with an "X" number of times of free servicing which they deem ok to dish out.
I) CEV (Carbon Emission Vehicle) Rebates or Surcharge: Finally, after all the 8 points above, we are finally getting some form of rebates (or Surcharges Ha-ha). To keep things simple, rebates are given from $0 to $20,000 if your vehicle is environmentally friendly and penalized with Surcharge from again $0 to $20,000 if it pollutes mother nature and our ozone layer.
To put things into perspective, I will provide an example of a cost breakdown of all factors listed above that makes up the car prices with the New Tier Tax Structure on the ARF with 2 examples below. (I.E. Friendly Family Toyota Altis 1.6L, and a Higher end Luxurious BMW 320I 2.0L )
* Assumption: I have not included the CEV into the calculations for both examples.
* I have also used the COE based on the 2nd Open Bidding for Month of Feb-2013 with the New Tier Tax structure on OMV > $20,000 in Example 2 below for the BMW 320I 2.0L
* Please also note that OMVs values are not always the same even on the same model of vehicles and they fluctuate with every shipment (mild fluctuation really). This in turns cause ARF values to change as well as Custom Duties and GST. Of course COEs are on bidded basics as well. Therefore car prices are always volatile.
Example 1: Toyota Altis 1.6L
OMV: $15,270
COE: $78,301 (Based on 2nd Open Bidding for Month of Feb-2013 for CAT A)
ARF: $15,270 (100% of OMV only since OMV is less than $20,000)
Custom Duty: $3,054 (20% of OMV)
GST: $1,283 (Based on 7% of OMV + Custom Duty)
Registration Fees: $140
Vehicle Plate Fees: $30Total Cost of Car: $113, 348 (Add up all 1 to 7 together)
Borneo Motor List Price: $139,988 (Price with Guaranteed Gold COE within 3 months from Borneo website)
Difference: $26,640 (Translates to Profits for Borneo Motor or whatever they can keep after their operating costs are subtracted.)
Example 2: BMW 320I 2.0L
OMV: $36,486
COE: $92,667 (Based on 2nd Open Bidding for Month of Feb-2013 for CAT B)
ARF: $43,080 (Additional Tax Structure of 140% applies to excess $16,486)
Custom Duty: $7,297 (20% of OMV)
GST: $3,064 (Based on 7% of OMV + Custom Duty)
Registration Fees: $140
Vehicle Plate Fees: $30Total Cost of Car: $182,764 (Add up all 1 to 7 together)
Performance Motor List Price: $216,800
Difference: $34,036 (Translates to Profits for Performance Motor or whatever they can keep after their operating costs are subtracted.)
In conclusion, I hope this article have helped car buyers understand what they are paying for when they go car shopping and also a deeper appreciation of the amount of money that really ends up with the government because if you look at both examples above, significant amount of what you paid for your car goes to them (Point 2, 3, 4, and 5)
With the new MAS ruling already in effect today, many are anticipating that COE will drop due to lesser demand as the lower middle class looks very likely to be squeezed out of the market with a 40% or 50% down payment depending on the types of car they would like to purchase. The middle and upper middle class would also be struggling to purchase a vehicle due to the same reason above and also with the additional higher monthly installment over a 5 years max loan tenure.
This maximum loan tenure of 5 years might also create an adverse impact on the bank’s interest rate (currently at 1.88%). It is highly likely that our banks will be increasing interest rates for car loans now due to shorter loan tenure and smaller amount of principal amount loaned.
My own prediction is prices of COE will drop but the drop will not be significant mainly because COE growth rate is currently reduced to 0.5% from February 2013 onwards and on top of that LTA has also reduced the amount of COE allocated from the total pool for CAT E: Open Category for which is usually used for Luxury Car further from 20% to 15%. With lesser supply, and steady demand. It is very unlikely prices will flucutuate wildy.
The rich will still be able to afford new vehicles as they are cash rich, but in a way they will also be paying more (alot more, really) because of the New Tier tax structure. The New Tier Tax Structure translates to a whopping increment of 180% tax imposed on cars with OMV > $50,000 and believe me when i say that is alot of additional cash they have to shell out just to own a supercar. (Porsche, Lamborghini, and Ferraris are no longer as cheap as it once was to them and if they really do purchase it, we can all shout "Hurray" because Budget 2014 will see those money translates into social spending, hopefully).
In all scenarios, I think the best thing to do now is to exercise constraints and prudence. Cash is King in Singapore. Waiting for the situation to play out and watching how these changes impacts the automobile industry as a whole and how the automobile industry reacts to them will be the better option for now.
Footnote: Entry Level Porsche 911 3.8L OMV average is $132, 053. And we are not even going to talk about Lambo or Ferraris where their OMV are in ranges of $350,000 and up. This translate to an ARF of $20,000 for the first Tier of OMV of 100% , $42,000 on the second tier between $20,001 to $50000 range at 140% , and a whopping $147,695 on the last tier for the remainer amount at 180%.
Effectively, the new ARF for a Porsche now is $209,695, a good $77,000 increase from what it was before. Think about what you want to do with all that money instead.
phantom_opera
28-02-13, 09:14
very good analysis except "cash is king" ....
My father was a part time used car sales man many years ago, so I grew up with "many" cars.
I also grew up with many cars. My parents owned a plantation and one of my cousins was in the used car business. When he ran out of space in his shops he would park his cars at my place. He got to park the cars for free and I got to try out different cars. I didn't even had a licence then :D
Cash is king everywhere. not just singapore.
Ooops ! :o
Out from the horses mouth is usually more accurate.
Thanks.
I got my info from http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/open_market_value.html
But they say "The OMV obtained serves as your reference only and may differ from the actual OMV of the car you wish to purchase.http://www.onemotoring.com.sg/publish/0.gif"
https://pbs.twimg.com/media/BEG6dbMCQAAPjUx.jpg
if I remember correctly, the OMV from this site is not accurate one. It is calculated based on the 1st car that was brought in for homologation. As the cars value changes constantly based on various factors like exchange rate, etc, it is better to refer to this table for a more accurate OMV.
http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/car_cost.MainPar.0047.File.tmp/Car_Cost_Update.pdf
If the desired car model is not found here maybe because agent wasn't able to sell any of those....then refer to the other link for estimated OMV.
now everything screwed must come out a lot of downpayment just to buy...sianzz...i was also aiming 3-series for my wife guess just LL...drive toyota can...:banghead:
I am trying to downgrade to a small hatch cos I don't drive much nowadays and a hatch is more suitable for my kid when she gets her licence.
My take on next COE bidding: Cat A - $60k; Cat B - $70k
2nd bidding for March: Cat A - $55k; Cat B - $65k
:cheers5:
My take on next COE bidding: Cat A - $60k; Cat B - $70k
2nd bidding for March: Cat A - $55k; Cat B - $65k
:cheers5:
BOTTOMLINE...going down...by time my car 10years end of next year coe $10k...:D:D:D...then i renew for another 10 years:):):)
Waiting eagerly for the next round of COE Bidding. I will be placing my own bid in Cat B.
Hopefully can get it before proceeding to use it for my reserved car.
BOTTOMLINE...going down...by time my car 10years end of next year coe $10k...:D:D:D...then i renew for another 10 years:):):)Yup.. should be going down. If go up, then alert buttons will be sounded... strange strange le.. lol..
Waiting eagerly for the next round of COE Bidding. I will be placing my own bid in Cat B.
Hopefully can get it before proceeding to use it for my reserved car.Hope you succeed... :cheers5:
now everything screwed must come out a lot of downpayment just to buy...sianzz...i was also aiming 3-series for my wife guess just LL...drive toyota can...:banghead:
Alternatively I might get a ford focus ST manual hatchback which packs a huge punch .... Psst psst will make the car perform machiam like super car as well but without the high road tax haha
http://www.mrbrownshow.com/2013/02/27/the-mrbrown-show-i-dreamed-a-dream/
buttercarp
28-02-13, 16:23
http://www.mrbrownshow.com/2013/02/27/the-mrbrown-show-i-dreamed-a-dream/
Rotfl!
Sorry I know it is no laughing matter.
Thanks bro eng!
proud owner
28-02-13, 21:05
so now majority thinks COE wud come off ???
i just read online about that Red Farrari that caught fire in singapore ...
if COE drops ... his resale value sure plummet ...
might as well set it on fire ..staged an accident ...and claim insurance???
so now majority thinks COE wud come off ???
i just read online about that Red Farrari that caught fire in singapore ...
if COE drops ... his resale value sure plummet ...
might as well set it on fire ..staged an accident ...and claim insurance???
proportionately, i don't think their resale value will plummet as much as those BMW, VW, Audi from a percentage perspective.
if safety is a concern, get a 2nd hand ford focus or volvo s40. honda fit dun feel very safe to me. you dun want your son to be cheong-ing everywhere in a fit/jazz.
on COE prices, i reckon $70k corolla will be back on the mkt around mid year.
if safety is a concern, get a 2nd hand ford focus or volvo s40. honda fit dun feel very safe to me. you dun want your son to be cheong-ing everywhere in a fit/jazz.
on COE prices, i reckon $70k corolla will be back on the mkt around mid year.
Hope you are right as I am waiting to buy a new car and most probably will get one in May, June or July 2013, depending on the coe prices.
Hope you are right as I am waiting to buy a new car and most probably will get one in May, June or July 2013, depending on the coe prices.
Think is tough for me to ford out the downpayment now after the latest policy..
Yesterday I just went to Peugeot to "test water".. The sales person confirmed that the downpayment is 50% of the purchase price.. sigh :(
buy left 2 yrs car or 1 yr car loh.. down payment will be less!
Then better don't change car lor..
Cos my car still 4-yrs to go before scrap or export
if safety is a concern, get a 2nd hand ford focus or volvo s40. honda fit dun feel very safe to me. you dun want your son to be cheong-ing everywhere in a fit/jazz.
on COE prices, i reckon $70k corolla will be back on the mkt around mid year.
I doubt a corolla will be that cheap as long as the present COE quota remains. Financial restrictions will not make as big as an impact as COE supply will on COE prices. There are lots of people waiting at the sidelines to sustain COE prices at around 60k until and if COE supply increases.
The bidding dates for Mar and Apr has been pushed further for a week.
http://app.lta.gov.sg/apps/news/page.aspx?c=2&id=abe37346-e5b5-4d01-8dae-9a5d9810657b
. The revised COE bidding schedule for March and April 2013 is as follows::
Exercise End Date
1st Exercise, March 2013
13 March 2013
2nd Exercise, March 2013
27 March 2013
1st Exercise, April 2013
10 April 2013
2nd Exercise, April 2013
24 April 2013
why need to push back?? if no one wants to bid for the COE then just let the COE tumble lah.
LTA has tried its best to keep the COE revenue high.
From today's newspaper, small cars are selling around 100K. So the COE price should be around 50K.
The demand is still there ...
LTA has tried its best to keep the COE revenue high.
From today's newspaper, small cars are selling around 100K. So the COE price should be around 50K.
The demand is still there ...
i see kah motors have put their COE rebate level at around $45+k region.
so many different strategies employed by the various car dealerships. next few bids will be interesting.
http://www.panix.com/~clay/currency/SG-46-sm.jpg
I had mentioned about the downpayment restrictions previously. But did not expect it to be so extreme. From very loose/unregulated car loan to 50-60% 5year max tenure.
It comes too late and too harsh. Imo, not a wise measure to induce market shocks.
I thought the 30% down max 7 year loan was quite sensible.
Need to dampen the demand. Enforce prudence n reduce cars on the roads . 3in1 intention.
Actually 30% down and 7 years is quite prudent already no?
Actually 30% down and 7 years is quite prudent already no?
Don't think so. Given a fair bit made $$ in property. Or stocks. Plus easy to get over draft to cover 30%.
Anyway 50% down older jap cars are doable . Left 2-3 yrs sort.
apparently there is still a LOOPHOLE for high finance thru in house loan and finance companies NOT answerable to MAS....:cool: ..and of course mr AH long....:scared-1:
buy left 2 yrs car or 1 yr car loh.. down payment will be less!
i also say...:spliff:
Do you think this is harsh. More to come. Rich has no problem. Middle income will suffer.
I had mentioned about the downpayment restrictions previously. But did not expect it to be so extreme. From very loose/unregulated car loan to 50-60% 5year max tenure.
It comes too late and too harsh. Imo, not a wise measure to induce market shocks.
i also say...:spliff:
I start to sell of my car with 1-2 years left, leaving the absorbers spoil also don change , delayed my servicing , .. Etc etc
Meaning to say , u will need to folk out more for maintenance and repairs Should u want to buy ..However in general , the car with 2-3 years left depli the least. So if buys these group must choose and inspect wisely..
But how much can a 1-2 year old car worth. Dealer will tell u it is either scrapped or exported. Even the trade in price for a new car purchase is low.
I start to sell of my car with 1-2 years left, leaving the absorbers spoil also don change , delayed my servicing , .. Etc etc
Meaning to say , u will need to folk out more for maintenance and repairs Should u want to buy ..However in general , the car with 2-3 years left depli the least. So if buys these group must choose and inspect wisely..
I start to sell of my car with 1-2 years left, leaving the absorbers spoil also don change , delayed my servicing , .. Etc etc
Meaning to say , u will need to folk out more for maintenance and repairs Should u want to buy ..However in general , the car with 2-3 years left depli the least. So if buys these group must choose and inspect wisely..
or have a very good mechanic....:D
But how much can a 1-2 year old car worth. Dealer will tell u it is either scrapped or exported. Even the trade in price for a new car purchase is low.
I ever encounter a dealer whom wanted to charge 3% admin fee for a full ten year old car.
In fact the car can be exported and another income fee...to lay ppl to us,they will say is scrape and nn value ..
or have a very good mechanic....:D
And with plenty of luck or bring Mr heng when u want to buy.
http://www.panix.com/~clay/currency/SG-46-sm.jpg
I think you better remove that image asap
Do you think this is harsh. More to come. Rich has no problem. Middle income will suffer.
Anyway no measures can impact the really rich truly. Other then u line them up n shoot them one by one.
Anyway this measures are never to traget the rich only. It's meant to take demand out of the system to reduce Coe bidding , reduce car population while leveling the playing field n make sure people are prudent with financing a car.
To u now base on the current Coe it might look daunting to pay 50%. Maybe when Coe drops to 30k or so everyone will cheer.
Anyway it's also never the intention to make car a accessory that everyone should by. Given the limited road space.
Perhaps people will realized its better to put the m buy a bro than pay 50% cash on a car.
Who said no measures can impact the really rich truly?
Gov can introduce the following and see whether impact the rich or not?: :tongue3:
1) Gov can re-introduce estate duty (that had been scrapped previously)
2) Govt can raise top-tier income tax again (that had been lowered previously from 25%)
Ai yo yo, how come previously changed policies seem to be done to favour the rich? :doh:
Anyway no measures can impact the really rich truly. Other then u line them up n shoot them one by one.
Anyway this measures are never to traget the rich only. It's meant to take demand out of the system to reduce Coe bidding , reduce car population while leveling the playing field n make sure people are prudent with financing a car.
To u now base on the current Coe it might look daunting to pay 50%. Maybe when Coe drops to 30k or so everyone will cheer.
Anyway it's also never the intention to make car a accessory that everyone should by. Given the limited road space.
Perhaps people will realized its better to put the m buy a bro than pay 50% cash on a car.
Who said no measures can impact the really rich truly?
Gov can introduce the following and see whether impact the rich or not?: :tongue3:
1) Gov can re-introduce estate duty (that had been scrapped previously)
2) Govt can raise top-tier income tax again (that had been lowered previously from 25%)
Ai yo yo, how come previously changed policies seem to be done to favour the rich? :doh:
Read Properly TRUELY RICH. Bid deal. Rich are very mobile. Won't impact them.
Read Properly TRUELY RICH. Bid deal. Rich are very mobile. Won't impact them.
If their business is registered here, too bad they will be subjected to the tax here? :D
Can I know why need to remove the picture.
http://i.mypivots.com/banknotes/sgd-1000-singapore-dollars-2.jpg
http://www.google.fr/imgres?um=1&hl=en&biw=1280&bih=635&tbm=isch&tbnid=1g9JaJOMx17KtM:&imgrefurl=http://www.mypivots.com/dictionary/definition/618/singapore-dollar-sgd&docid=uSjVPPFgYK382M&imgurl=http://i.mypivots.com/banknotes/sgd-1000-singapore-dollars-2.jpg&w=550&h=268&ei=jj8zUZnrDqiO0AXgqoCoBQ&zoom=1&iact=hc&vpx=4&vpy=303&dur=202&hovh=157&hovw=322&tx=169&ty=43&sig=114309242624840273908&page=1&tbnh=135&tbnw=264&start=0&ndsp=18&ved=1t:429,r:6,s:0,i:95
http://www.panix.com/~clay/currency/SG-46-sm.jpg
https://www.google.fr/search?hl=en&q=singapore+two+dollars&ion=1&bav=on.2,or.r_gc.r_pw.r_cp.r_qf.&bvm=bv.43148975,d.d2k&biw=1280&bih=635&um=1&ie=UTF-8&tbm=isch&source=og&sa=N&tab=wi&ei=cj4zUf20LIWZhQfe8oHQCA
http://images.bidorbuy.co.za/user_images/791/1231791/1231791_121226230602_DSC01482.JPG
Read Properly TRUELY RICH. Bid deal. Rich are very mobile. Won't impact them.
err... obviously it impact them, & bcos they are mobile thats why some move elsewhere and look for tax havens.
buttercarp
03-03-13, 20:21
I think you better remove that image asap
Hi bro Arcachon, I think BigBoy may be right.
If you wanna post the picture of the dollar, there must be a "specimen" word printed across it.
Hi bro Arcachon, I think BigBoy may be right.
If you wanna post the picture of the dollar, there must be a "specimen" word printed across it.
You may be right, I am still searching whether it is illegal, any lawyer can help.
http://www.banknotesinfo.com/SINGAPORE/999-9.jpg
http://www.banknotesinfo.com/SINGAPORE/
http://www.mas.gov.sg/Currency/Circulation-Currency/~/media/Currency/5_frontBirdBig.jpg
http://www.mas.gov.sg/Currency/Circulation-Currency/Notes.aspx#pagecontent_0_currency_repeater_carousel_3_0_2_details_repeater_2_dialog_0
This one from MAS should be no problem.
http://www.mas.gov.sg/Currency/Circulation-Currency/~/media/Currency/2_frontPortraitBig.jpg
http://www.mas.gov.sg/Currency/Circulation-Currency/Notes.aspx#pagecontent_0_currency_repeater_carousel_1_0_0_details_repeater_0_dialog_1
No U-Turn Syndrome (NUTS) is a term first coined by Singaporean entrepreneur Sim Wong Hoo, to prominently describe the social behaviour of Singaporeans having a mindset of compliance to higher authorities before proceeding with any action.
In his book Chaotic Thoughts from the Old Millennium, he uses a comparison of traffic rules in Singapore to those found overseas, to describe the phenomenon : In Singapore, drivers are not allowed to make a U-turn unless a sign specifically allows them to do so, while in some other countries drivers may make U-turns freely so long as the 'No U-turn' sign is not present. Following that, this analogy is used to explain the red tape he has encountered with hard-nosed bureaucrats, which in turn stifles the very creativity that the Singaporean government has been trying to promote in the recent years.[1]
NUTS is also considered as one of the major criticisms of the rigid Singapore education system, where students are taught from a young age to obey instructions in an unquestioning manner, in a society where grades and paper certification are emphasised at the expense of some life skills.[2][3]
http://en.wikipedia.org/wiki/No_U-Turn_Syndrome
Well it works people think twice b4 buying a car.
That car could cost you $1.6m over the years
Experts urge buyers to add up the costs and think about what else to do with the money
By Alvin Foo
Owning a car in Singapore for one's adult life could add up to a whopping $1.6 million, say financial experts. And that's just for a non-flashy 1.6-litre family sedan.
Those who can't do without a car should be prepared to make lifestyle changes to cope with tough new curbs on car loans, financial advisers told The Sunday Times.
Car buyers must now make down payments of 40 per cent to 50 per cent of the purchase price and settle car loans within five years, under new central bank rules. The market had been unregulated for a decade, allowing car buyers to borrow up to 100 per cent of purchase prices and take as long as 10 years to repay.
Financial advisers were quick to point out the triple whammy of reduced financing limits, high certificate of entitlement prices and hefty down payments.
For instance, the down payment on a new Japanese or Korean 1.6-litre car costing around $150,000 is now at least $60,000.
"For the average income earner and for younger age groups in general, the best thing to do may be to avoid purchasing a car altogether," said Ms Geraldine Lam, an investment specialist at financial advisory firm Providend.
She calculated that owning a 1.6-litre car here could cost between between $1,304 and $2,641 monthly, for loan repayments and running costs such as petrol, insurance, parking fees and servicing.
This could add up to as much as $1.6 million over 50 years, assuming one has a car from age 25 to 75.
Committing to larger monthly loan repayments over a shorter period could also affect a person's ability to borrow for a property in future, the experts warned. That is because banks often look at a potential home buyer's capability to service the home loan based on his other financial commitments.
Before putting down that hefty down payment for a car, buyers should consider what else they could do with the money, the experts said. Among other things, $60,000 is enough for a down payment on a resale Housing Board flat in some estates, or a wedding banquet for 350 at a top hotel. Or it could be invested. For example, investing $1,000 monthly with a yearly return of 4 per cent would yield $1.9 million at the end of 50 years.
For those who insist on getting a car, the rule changes may mean having to make lifestyle adjustments to keep up the payments.
"The majority of people will need to cut back on their variable spending, by eating out less or dining at a hawker centre instead of a fancy restaurant," said wealth management consultant David Gardner at The Henley Group, which provides financial planning services.
Buyers might also want to consider getting a used car instead of a new one, as this will mean a lower initial cash outlay and taking a smaller loan.
Instead of spending on a costly car, Ms Lam suggested relying on taxis as an alternative, including booking a dedicated cabby on a regular basis.
Checks with banks revealed that Singaporeans mainly do not take the full 10 years to repay their car loans.
A DBS Bank spokesman said: "We have observed that most car buyers in Singapore tend to repay the loan in full within four to seven years. Repayment delinquency has also improved over the last few years as consumers become more financially savvy."
Lecturer Ng Ko-Vin, 32, said last week's changes convinced him that he should buy a used Honda Edix instead of a new car, as it will mean forking out less cash upfront.
Public relations executive Melvyn Tan, 35, who is still hoping to buy a car, said: "I was planning to put a 30 per cent down payment, but now I have to redo my sums and save a bit longer."
[email protected]
Well it works people think twice b4 buying a car.
That car could cost you $1.6m over the years
Experts urge buyers to add up the costs and think about what else to do with the money
By Alvin Foo
Owning a car in Singapore for one's adult life could add up to a whopping $1.6 million, say financial experts. And that's just for a non-flashy 1.6-litre family sedan.
[email protected]
The whole story assume only 1 person sit in a car & cost him/her $1.6m over the years of an adult life..
Some families own a car.. and use their car to "run like a horse".. & it cut-down cost & time (cost time is also $$)
1. Fetch 3-4 person.. some even 4-6 person (MPV).. to sch to work to enrichment classses to market.. etc etc etc.
2. Save on sch bus.. esp those with more than 1 kid
3. Kids can wake up later.. rather than follow the "super early" bus timing
4. Even you have $$ sometimes also no cab, esp. festive season
5. Family outing to anywhere.. even to JB for shopping & seafood, etc
6. Too many..
buy left 2 yrs car or 1 yr car loh.. down payment will be less!
thinking of getting a 7 yr old sonata. 26k nia! before nego somemore. one yr depre 3k+
The whole story assume only 1 person sit in a car & cost him/her $1.6m over the years of an adult life..
Some families own a car.. and use their car to "run like a horse".. & it cut-down cost & time (cost time is also $$)
1. Fetch 3-4 person.. some even 4-6 person (MPV).. to sch to work to enrichment classses to market.. etc etc etc.
2. Save on sch bus.. esp those with more than 1 kid
3. Kids can wake up later.. rather than follow the "super early" bus timing
4. Even you have $$ sometimes also no cab, esp. festive season
5. Family outing to anywhere.. even to JB for shopping & seafood, etc
6. Too many..
yah, should net off the transport expenses that would otherwise be incurred if there was no car. this means taxi/bus/mrt costs. multiply over a few heads in the household. granted, the cost for a car SHOULD be higher still, but the net diff may not be much. then convenience is well worth the premium.
thinking of getting a 7 yr old sonata. 26k nia! before nego somemore. one yr depre 3k+
curious how to get $3k depre a yr? The PARF at 10th yr is $17k so high? ($26k less total depre $9k)
curious how to get $3k depre a yr? The PARF at 10th yr is $17k so high? ($26k less total depre $9k)
Yes. Last time one guy mentioned a vios with scrap value of about 15k which is absurd.
thinking of getting a 7 yr old sonata. 26k nia! before nego somemore. one yr depre 3k+
thats a great car so many on the road...:D :D :D
curious how to get $3k depre a yr? The PARF at 10th yr is $17k so high? ($26k less total depre $9k)
sorry i never explained.
7 yr old cars.. dealers will take in at scrap values. with my years of experience buying 2nd hand cars and with today's uncertainly over COE, they will let go with abit of profit. list price is 26k. paper value about 16k. i am confident at 19k they will let go.
after 10 yrs, parf rebate is 9k. so 19-9=3.3k/yr
thats a great car so many on the road...:D :D :D
check out the reviews. it was ranked top reliable car in the USA. dun pray pray. lots of space and cheaper than altis.
sorry i never explained.
7 yr old cars.. dealers will take in at scrap values. with my years of experience buying 2nd hand cars and with today's uncertainly over COE, they will let go with abit of profit. list price is 26k. paper value about 16k. i am confident at 19k they will let go.
after 10 yrs, parf rebate is 9k. so 19-9=3.3k/yr
True that dealer will take in at scrap, but don't think they will let go at your proposed. They export out will get higher than that..
True that dealer will take in at scrap, but don't think they will let go at your proposed. They export out will get higher than that..
the reason why they take in scrap is becoz they have the option of export or sell locally. if cannot sell locally then they export. i have been on the mkt so many yrs now. 7 yr old sonata cannot fetch any export value. do you know in the high coe days, you can pay <5k for a 5 year old volvo s60 body? i almost bought an s60 for 58k, it was slightly past 3 yrs old only.
bidding starts today...
http://www.onemotoring.com.sg/1m/coe/coeDetail.html
looking forward to change car as COE quota does not look like its going to be filled for this month :cool:
looking forward to change car as COE quota does not look like its going to be filled for this month :cool:
Still early bro... action starts only on Wed 330 pm onwards;)
Still early bro... action starts only on Wed 330 pm onwards;)
very true - typically very last min one for the bids haha - wait and see better ba :scared-1:
This wed's bidding serves as a notice of what is to come in the coming months. No more stimulus like CNY where people are rushing to buy... :cheers1:
The car dealers probably still have some back logged orders to clear.
The car dealers probably still have some back logged orders to clear.
It may take few more rounds to see the real impact....
It may take few more rounds to see the real impact....
Agree. More evident in april's bidding.
my $50 COE no chance liao.:doh:
phantom_opera
13-03-13, 14:33
MP of Potong Pasir already said COE will not drop that much in the future liao mah ... what $50?? You are lucky if it is $50k liao :doh:
that is why i spent $50 for 4D tonight!!:D
sekali, >1600 cat cheaper than <1600 :doh:
phantom_opera
13-03-13, 15:08
45k liao ...my estimate will be around 65k for < 1600cc
buttercarp
13-03-13, 15:15
Wah piangz.... Cat A now $50K .
45 min to go.
I think gone case liao for Cat A.
Perhaps will be the same as last bidding.
Cat B as of now is $22K.
Perhaps better to buy Cat B cars.
phantom_opera
13-03-13, 15:18
Cat B demand disappears due to higher registration cost?
u can see the # of bids in Cat A are already 3x of supply
A CAR (1600CC & BELOW) 51,989 336 1,043
B CAR (ABOVE 1600CC) 22,889 326 755
the wealth inequality widen in SG after 4pm today.:D
cat A is LPPL, 70k liao.Yup... Cat B is still only 25k... wah... huge backlog for cat A... think we need a couple more weeks to see COE prices drop...
how can the Quota for cat A & B be the same? never consult KBW.
how can the Quota for cat A & B be the same? never consult KBW.Not KBW... its Lui TY :rolleyes:... anyway its 336 vs 326... v close indeed...
KBW knows who has the spending power now.
Lui make sure his photo is taken when he is waiting/taking bus/mrt.:D
Cat B catching up man... >50k already...
Cat A already back at $70+k.
phantom_opera
13-03-13, 15:57
First car CM failed miserably, as expected, just like first property CM, it has more effect for cat B (CCR) than cat A (OCR)
Demand stripping supply by 4x
BIDDING STATUS AS AT 13/03/2013 15:56:01.00 HRS
Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) 74,689 336 1,178
B CAR (ABOVE 1600CC) 55,004 326 1,016
C GOODS VEHICLE & BUS 53,490 225 361
D MOTORCYCLE 1,892 510 655
E OPEN 60,000 255 1,012
buttercarp
13-03-13, 16:05
In conclusion. .... car buyers are cash rich ppl.
phantom_opera
13-03-13, 16:06
In conclusion. .... car buyers are cash rich ppl.
isn't this same as properties lol
70% of the bidders were opportunistic bidders who had not booked any car yet. So cannot gauge true demand from this round and maybe the next few rounds., before those who trying their luck give up.
First car CM failed miserably, as expected, just like first property CM, it has more effect for cat B (CCR) than cat A (OCR)
Demand stripping supply by 4x
BIDDING STATUS AS AT 13/03/2013 15:56:01.00 HRS
Category Current COE Price ($) Quota Bids Received
A CAR (1600CC & BELOW) 74,689 336 1,178
B CAR (ABOVE 1600CC) 55,004 326 1,016
C GOODS VEHICLE & BUS 53,490 225 361
D MOTORCYCLE 1,892 510 655
E OPEN 60,000 255 1,012
phantom_opera
13-03-13, 16:26
70% of the bidders were opportunistic bidders who had not booked any car yet. So cannot gauge true demand from this round and maybe the next few rounds., before those who trying their luck give up.
lots of fence sitters also ... it is normal for demand to bid supply by 3x or 4x as our COE Supply really to few liao
comes to show many rich middle class folks bidding ... 70K means still got people willing to pay 70K for <1600 cc cars. singaporean very rich. tats a fact. can see in OCR buying frenzy and now in <1600 COE
phantom_opera
13-03-13, 16:34
comes to show many rich middle class folks bidding ... 70K means still got people willing to pay 70K for <1600 cc cars. singaporean very rich. tats a fact. can see in OCR buying frenzy and now in <1600 COE
528 billion cash in Singapore, enough to buy 1000 pieces of Echelon land
the Cat A could have been boosted by those last minute shoppers who went to the car showroom that night after the CM was announced, so to avoid the CM.
Cat B and Open Cat took a bigger hit. probably to compensate for the extra taxes.
toiletsiao
13-03-13, 16:48
cat b nearly halved in value... drop of about 30k from last bidding..wow... ppl who bought Conti cars from Merc,Jaguar with the 90k COE rebate..instantly get back 30k in price to offset their purchase price...
cat b nearly halved in value... drop of about 30k from last bidding..wow... ppl who bought Conti cars from Merc,Jaguar with the 90k COE rebate..instantly get back 30k in price to offset their purchase price...
but including the extra taxes, is the price very much different from before?
cat b nearly halved in value... drop of about 30k from last bidding..wow... ppl who bought Conti cars from Merc,Jaguar with the 90k COE rebate..instantly get back 30k in price to offset their purchase price...
for those type people 30k like toilet paper...:cheers1:
toiletsiao
13-03-13, 17:32
but including the extra taxes, is the price very much different from before?
depends on the type of car u buying..if u buying the base model's like C class or XF's the difference is small..definately less than the 34k drop in CaT B ...
depends on the type of car u buying..if u buying the base model's like C class or XF's the difference is small..definately less than the 34k drop in CaT B ...
Most cat B cars with this kind of COE still need about upfront of 70-100k.
cat b nearly halved in value... drop of about 30k from last bidding..wow... ppl who bought Conti cars from Merc,Jaguar with the 90k COE rebate..instantly get back 30k in price to offset their purchase price...
The rebates are usually set at a much lower figure than the 90k. Maybe 75k or 70k but nevertheless still a substantial saving.
Wonder what would be the new pricing difference between a Camry or Altis :D
All new Sylphy 1.8L ! :D
http://nissan.com.sg/Vehicles/sylphy/
Consider this... a 1.8L Wish @ say $75k + $50k COE = $125k may cost the same as an Altis @ say $50k + $75k COE = $125k... SO, which car will you buy??? :scared-4: No price for guessing correctly... (of course this is independent of the higher road tax plus insurance) :sleep:
phantom_opera
13-03-13, 21:37
next COE, cat B will adjust upwards, cat A will adjust downwards ... 65k about right
bargain hunter
13-03-13, 21:57
next coe, cat b still adjust downwards, cat a adjust lagi more. hahaha.
the way all this crap coe going i think my next car will be picanto...:D:D:D
tell me you are kidding, pay 70k for coe to drive picanto:scared-5:
the way all this crap coe going i think my next car will be picanto...:D:D:D
Still remembered when the facelifted picanto launched last time special price was only 29 999 inclusive of COE. :banghead:
iwantgizmos
14-03-13, 12:03
Still remembered when COE was just $2.
the way all this crap coe going i think my next car will be picanto...:D:D:DCan't get new picanto now lah... went to kia showroom last year... it was extinct le... lol... unless you are getting preowned car... :)
Still remembered when COE was just $2.
$2 cannot even buy chicken rice.
$2 cannot even buy chicken rice.
if i din remember wrongly, before the COE system, there was a discussion on whether COE is to go by bidding or by fix rate. the amt discussed was 5k for fix rate. and everyone was saying XIAO! 5K WHO WANT TO PAY, OF COURSE BID BETTER LA! .... then in the end we have the bidding system.
:banghead: :banghead: :banghead: :banghead: :banghead:
if i din remember wrongly, before the COE system, there was a discussion on whether COE is to go by bidding or by fix rate. the amt discussed was 5k for fix rate. and everyone was saying XIAO! 5K WHO WANT TO PAY, OF COURSE BID BETTER LA! .... then in the end we have the bidding system.
:banghead: :banghead: :banghead: :banghead: :banghead:
Well its like that right? when its 5K people say last time $2 mah! why not bid might drop to $100 leh.
when COE is high people say hey should fix leh!
:banghead: :banghead: :banghead: :banghead:
tell me you are kidding, pay 70k for coe to drive picanto:scared-5:
old wan la bro...my 2nd car...my 1st car fellali....:D:D:D
Well its like that right? when its 5K people say last time $2 mah! why not bid might drop to $100 leh.
when COE is high people say hey should fix leh!
:banghead: :banghead: :banghead: :banghead:
human is like that....thats why 90% retail investor who play share end up loosing...like ME...:banghead::banghead::banghead:
cat b nearly halved in value... drop of about 30k from last bidding..wow... ppl who bought Conti cars from Merc,Jaguar with the 90k COE rebate..instantly get back 30k in price to offset their purchase price...
even with the rebate, they lose big time on the paper value of their car. it is never a good thing to buy at high price but kenah low COE value.
Well its like that right? when its 5K people say last time $2 mah! why not bid might drop to $100 leh.
when COE is high people say hey should fix leh!
:banghead: :banghead: :banghead: :banghead:
if coe at $2, i will be very very worried. that means ERP will be $20.
Borneo Motors now have 4 different pricings spreading across a range of $30k. And none of the 4 for Cat A is guaranteed.
Borneo Motors now have 4 different pricings spreading across a range of $30k. And none of the 4 for Cat A is guaranteed.What about Cat B?
Does anyone knows since jpy has been dropping against sgd, but why jap car prices does not seem to drop? Global inflation?
Does anyone knows since jpy has been dropping against sgd, but why jap car prices does not seem to drop? Global inflation?
your dealers are earning more lah....
Does anyone knows since jpy has been dropping against sgd, but why jap car prices does not seem to drop? Global inflation?
Lots of Japanese cars (and parts) are made in Thailand.
JPY wakening will take a longer time to flow into the chain and (hopefully) eventually be reflected into the price. But SGD is weakening as well. So the overall effect will be less obvious.
Lots of Japanese cars (and parts) are made in Thailand.
JPY wakening will take a longer time to flow into the chain and (hopefully) eventually be reflected into the price. But SGD is weakening as well. So the overall effect will be less obvious.
Is SGD weakening against the USd?
Is this a long term trend ,pushed by MAS to raise interest rate, to reduce inflation?
If this so, would it be wiser for mortgagees to choose 3M sibor instead of 3 m SOR for their housing loan
your dealers are earning more lah....Govt are earning a lot too... OMV plus tax always fluctuate month in and month out. Can't be sure... is OMV dropping for the same model? :beats-me-man:
The trend is coming down (almost cannot notice):
http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/open_market_value.html
Toyota Corolla Altis 1.6 A, OMV
Jan 2013, S$15,270
Feb 2013, S$15,177
Mazda 6 4-door Sedan 2.0, OMV
Jan 2013, S$23,177
Feb 2013, S$22,503
What are the causes for OMV value to swing?
i agree w you! :D
coz i selling off my end 2009 bmw320 :ashamed1:
any forum kaki looking for car for mistresses can pm me :D
next COE, cat B will adjust upwards, cat A will adjust downwards ... 65k about right
princess_morbucks
21-03-13, 08:26
i agree w you! :D
coz i selling off my end 2009 bmw320 :ashamed1:
any forum kaki looking for car for mistresses can pm me :D
You going to ditch your bmw for a newer one?
You bought in 2009 so if you sell now, you don't lose anything and may even make money by selling it.
Btw how come your car is only for sale to people with mistresses?
I think mistresses will demand more than a second hand 4 year old BMW.
i got a bigger shark, by God's grace :D
waste $ parking there. harro end nov 09 so 3 years 3 mths nia hor :ashamed1:
You going to ditch your bmw for a newer one?
You bought in 2009 so if you sell now, you don't lose anything and may even make money by selling it.
Btw how come your car is only for sale to people with mistresses?
I think mistresses will demand more than a second hand 4 year old BMW.
Okok dunnid those w mistress those buy for hemsem sugar boys oso can. my sharks below, pm me for list of stuff changed new for baby shark. :ashamed1:
http://i704.photobucket.com/albums/ww43/Haennon/678C3697-9FCE-44FF-B258-84F638D01063-725-000000A4E86E9C26_zps2c6465de.jpg
You going to ditch your bmw for a newer one?
You bought in 2009 so if you sell now, you don't lose anything and may even make money by selling it.
Btw how come your car is only for sale to people with mistresses?
I think mistresses will demand more than a second hand 4 year old BMW.
What are the causes for OMV value to swing?
I would presume due to weakening of the Japanese yen
princess_morbucks
21-03-13, 10:00
Bro Mckinnon, wow you have 2 sharks!
Your wife is so lucky.
If you sell one then she will have no shark to protect her, unless you are thinking of getting her another animal ?
she takes my shark lei i chauffeur, and her great white shark. :D
Bro Mckinnon, wow you have 2 sharks!
Your wife is so lucky.
If you sell one then she will have no shark to protect her, unless you are thinking of getting her another animal ?
princess_morbucks
21-03-13, 10:15
she takes my shark lei i chauffeur, and her great white shark. :D
Oic, then the smaller shark is redundant and I agree that you should get rid of it as it is a liability.
yesh sister, God will kok my head if i squander $$$ :D
Oic, then the smaller shark is redundant and I agree that you should get rid of it as it is a liability.
Big cars COE S$70+K already... wah... sianz...
phantom_opera
27-03-13, 16:20
next COE, cat B will adjust upwards, cat A will adjust downwards ... 65k about right
cun cun
A CAR (1600CC & BELOW) $64,209 337 923
B CAR (ABOVE 1600CC) $73,900 307 940
C GOODS VEHICLE & BUS $54,111 225 312
:p :p :p :p
next prediction, cat A & cat B will maintain about 10k diff, for next few bidding cat A ranges from 60-65k, cat B 75-85k
Transport minister said yesterday more COE next year. Will COE go down for all cateogories next month?
Big cars COE S$70+K already... wah... sianz...
Ppl see cat b previously low and all jump in..:doh: .shall see few more round ....
cun cun
A CAR (1600CC & BELOW) $64,209 337 923
B CAR (ABOVE 1600CC) $73,900 307 940
C GOODS VEHICLE & BUS $54,111 225 312
:p :p :p :p
next prediction, cat A & cat B will maintain about 10k diff, for next few bidding cat A ranges from 60-65k, cat B 75-85k
So zhun... :scared-4:
Give me a system 6 Nos ...:D
yay! baby shark sold for 10k more right after coe results out. :D
Okok dunnid those w mistress those buy for hemsem sugar boys oso can. my sharks below, pm me for list of stuff changed new for baby shark. :ashamed1:
http://i704.photobucket.com/albums/ww43/Haennon/678C3697-9FCE-44FF-B258-84F638D01063-725-000000A4E86E9C26_zps2c6465de.jpg
cat A - 70k
cat B - 85k :D
cun cun
A CAR (1600CC & BELOW) $64,209 337 923
B CAR (ABOVE 1600CC) $73,900 307 940
C GOODS VEHICLE & BUS $54,111 225 312
:p :p :p :p
next prediction, cat A & cat B will maintain about 10k diff, for next few bidding cat A ranges from 60-65k, cat B 75-85k
Singaporeans are cash rich. Bo lah sah the 50%?
phantom_opera
27-03-13, 19:01
Singaporeans are cash rich. Bo lah sah the 50%?
COE SPRs/foreigners also can bid??
I went to Honda show room yesterday, the sales man passed me a quote:
Cat A COE rebate: S$67,000 (Honda Civic 1.6 Sedan i-VTEC S$137,900)
Cat B COE rebate: S$73,000 (Honda Accord 2.4 Sedan i-VTEC S$171,900)
And today the real results:
Cat A COE: $64,209
Cat B COE: $73,900
They are really in the know.
phantom_opera
11-04-13, 12:03
cun cun
A CAR (1600CC & BELOW) $64,209 337 923
B CAR (ABOVE 1600CC) $73,900 307 940
C GOODS VEHICLE & BUS $54,111 225 312
:p :p :p :p
next prediction, cat A & cat B will maintain about 10k diff, for next few bidding cat A ranges from 60-65k, cat B 75-85k
cat A prediction ok but cat B too bullish :-)
A CAR (1600CC & BELOW) 341 61,029
B CAR (ABOVE 1600CC) 302 67,010
C GOODS VEHICLE & BUS 227 56,011
Suppose it will go up next COE bid.
cat A prediction ok but cat B too bullish :-)
A CAR (1600CC & BELOW) 341 61,029
B CAR (ABOVE 1600CC) 302 67,010
C GOODS VEHICLE & BUS 227 56,011
http://www.honda.com.sg/cars/price_sheet.asp
Dealer's predictions:
Cat A S$60,000
Cat B S$70,000
i just called century tokyo leasing to inquire about car loan they told me they do not provide loan any more to walk in customers only thru dealer and max loan capped at 60%....so there goes..another loophole plugged...:cool:
previously i used to use them for cheap fast and good loans...:o
http://www.onemotoring.com.sg/1m/coe/coeDetail.html
Why there is no PQP published anymore?
What will be the COE on this wed?
phantom_opera
20-04-13, 18:24
What will be the COE on this wed?
should be stable but back to 80k by year end barring major economy shock
I personally think that it will drop if backlog has been cleared....only a matter of time it will fall back to around 50k for Cat B. Let see whether 2mth is enough for it to achieve this target.
What will be the COE on this wed?
http://www.honda.com.sg/cars/price_sheet.asp
Dealers believe the price will be
Class A $60k
Class B $70K
What goes up must come down.
http://www.honda.com.sg/cars/price_sheet.asp
Dealers believe the price will be
Class A $60k
Class B $70K
NB, how come Japanese car still more expensive when Yen already dropped so much without taking the COE into consideration.
Must be inflation right?
COE for small and large cars is almost the same at about $62000. :)
http://www.honda.com.sg/cars/price_sheet.asp
Dealers are now predicting:
Class A S$62k
Class B S$65k
phantom_opera
12-06-13, 17:57
should be stable but back to 80k by year end barring major economy shock
hey hey hey ... my prediction quite close, cat B back up to 75k liao ... rumour is car traders allow higher "trade-in value" for old cars to cancel off the 50% ltv impact
RESULTS FOR JUNE 2013 1ST OPEN BIDDING EXERCISE
Category Quota QP($) PQP($)
A CAR (1600CC & BELOW) 341 67,301
B CAR (ABOVE 1600CC) 302 75,000
C GOODS VEHICLE & BUS 227 57,989
D MOTORCYCLE 511 1,701
E OPEN 239 76,000
would property developer allow "trade-in" lol :tongue3:
Wonder when will they know, maybe already know just closed one eye until people start to complain. "If it ain't broke, don't fix it."
hey hey hey ... my prediction quite close, cat B back up to 75k liao ... rumour is car traders allow higher "trade-in value" for old cars to cancel off the 50% ltv impact
RESULTS FOR JUNE 2013 1ST OPEN BIDDING EXERCISE
Category Quota QP($) PQP($)
A CAR (1600CC & BELOW) 341 67,301
B CAR (ABOVE 1600CC) 302 75,000
C GOODS VEHICLE & BUS 227 57,989
D MOTORCYCLE 511 1,701
E OPEN 239 76,000
would property developer allow "trade-in" lol :tongue3:
but trade in today is really poor.
hey hey hey ... my prediction quite close, cat B back up to 75k liao ... rumour is car traders allow higher "trade-in value" for old cars to cancel off the 50% ltv impact
RESULTS FOR JUNE 2013 1ST OPEN BIDDING EXERCISE
Category Quota QP($) PQP($)
A CAR (1600CC & BELOW) 341 67,301
B CAR (ABOVE 1600CC) 302 75,000
C GOODS VEHICLE & BUS 227 57,989
D MOTORCYCLE 511 1,701
E OPEN 239 76,000
would property developer allow "trade-in" lol :tongue3:Singaporeans are really people with deep deep pockets. Cat B returns to $81k. The recent CM was only good for a month. Things are returning to status quo again. Mr Lui, Mr Lui, what is going on? :beats-me-man:
phantom_opera
19-06-13, 21:50
next prediction, due to haze nobody visits showroom, cat B corrected to 72k
phantom_opera
03-07-13, 18:47
next prediction, due to haze nobody visits showroom, cat B corrected to 72k
obvious hazy days are too short, only corrected to 77k
COE for cars above 1,600cc slid from $81,751 to close at $77,110, also its second highest since the strident loan curbs and tiered taxation system were announced.
COE for cars up to 1,600cc climbed from $69,903 two weeks ago to hit $73,100 - its second highest level since car-cooling measures were announced in late-February.
phantom_opera
07-08-13, 21:13
supply up still same
Category Quota QP($) PQP($)
A CAR (1600CC & BELOW) 373 75,556
B CAR (ABOVE 1600CC) 380 77,600
C GOODS VEHICLE & BUS 258 68,251
D MOTORCYCLE 482 1,792
E OPEN 264 77,989
Cat C keeps moving up ...
http://www.honda.com.sg/cars/price_sheet.asp
dealers were forecasting:
Cat A S$62K
Cat B S$67K
2013: singles HDB policy;
2014: pioneers health cost;
2015: cars for middle class.
http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/M01-03M-Age.pdf
< 1 year COE left: 13,899
< 2 years COE left: 54,814
< 3 years COE left: 106,608
< 4 years COE left: 112,420
so next year will still be bad, Year 2015 onwards will get better (for 2 years).
http://www.honda.com.sg/cars/price_sheet.asp
dealers were forecasting:
Cat A S$62K
Cat B S$67K
2013: singles HDB policy;
2014: pioneers health cost;
2015: cars for middle class.
Bro, the low numbers are to protect themselves....
3centsworth
08-08-13, 11:23
Interestingly, the ABSD concept is much the same as the COE.
Since most of us have to stay in one property , buying a second or subsequent property is akin to buying a car. You have to pay "COE" to your second or subsequent property
The good thing is the property is at least not a depreciating asset.
phantom_opera
08-08-13, 15:00
Government, after investing in so many MRT lines will not make COE cheap cheap lah going forward, expect min 30k suring recession, 50k with 1% GDP, 70k for 2% GDP, 100k for 4% GDP growth
In fact, the nanny state of PAP should ban middle class from buying a car (unless got special reason) :scared-3:
phantom_opera
21-08-13, 20:13
Government, after investing in so many MRT lines will not make COE cheap cheap lah going forward, expect min 30k suring recession, 50k with 1% GDP, 70k for 2% GDP, 100k for 4% GDP growth
In fact, the nanny state of PAP should ban middle class from buying a car (unless got special reason) :scared-3:
GDP growth up COE up, commercial hit 70+k
GDP growth up COE up, commercial hit 70+k
n more pple will KPKb.. The haves and haves not. But reality is bring down the GDP , COE and jobs.. dont mean the haves not will have.
People are daft enough to think that by tweaking the COE category, it will bring down COE Cat A prices and make mass market cars "more affordable" :beats-me-man:
princess_morbucks
09-09-13, 11:32
http://www.todayonline.com/singapore/coe-changes-cars-exceeding-130-brake-horsepower-go-under-cat-b
BY
SUMITA SREEDHARAN AND WOO SIAN BOON
-2 MIN 26 SEC AGO
SINGAPORE - Cars with engine power output exceeding 97kW (130 brake horsepower) will be classified under Category B in Certificate of Entitlement (COE) bidding exercises starting February 2014, Transport Minister Lui Tuck Yew announced this morning.
This new set of categorisation comes on top of the existing Category A criterion that the engine capacity of a car should not exceed 1,600cc.
This means that car models such as the Mercedes Benz C180 (engine power 115kW) and BMW118i (125kW) and the Mini Cooper S (135kW) will be grouped together with bigger cars.
The criteria will be reviewed every few years to keep pace with market trends and technology improvements.
The new categorisation criteria comes as the Land Transport Authority seeks to better delineate mass market cars from premium cars.
Public, industry and academic feedback were sought from May to July.
The LTA will not implement a multiple car surcharge on owners with more than one car as there are many loopholes which buyers could take advantage of to circumvent such a policy.
Instead, it will leverage on other measures outside of the COE system, such as tiered vehicle taxes, to further address social equity.
Other suggestions such as a Pay-As-You-Bid system and banning car dealers from the bidding process, which were popular suggestions during consulatation, will also not be implemented.
http://www.todayonline.com/singapore/coe-changes-cars-exceeding-130-brake-horsepower-go-under-cat-b
BY
SUMITA SREEDHARAN AND WOO SIAN BOON
-2 MIN 26 SEC AGO
SINGAPORE - Cars with engine power output exceeding 97kW (130 brake horsepower) will be classified under Category B in Certificate of Entitlement (COE) bidding exercises starting February 2014, Transport Minister Lui Tuck Yew announced this morning.
This new set of categorisation comes on top of the existing Category A criterion that the engine capacity of a car should not exceed 1,600cc.
This means that car models such as the Mercedes Benz C180 (engine power 115kW) and BMW118i (125kW) and the Mini Cooper S (135kW) will be grouped together with bigger cars.
The criteria will be reviewed every few years to keep pace with market trends and technology improvements.
The new categorisation criteria comes as the Land Transport Authority seeks to better delineate mass market cars from premium cars.
Public, industry and academic feedback were sought from May to July.
The LTA will not implement a multiple car surcharge on owners with more than one car as there are many loopholes which buyers could take advantage of to circumvent such a policy.
Instead, it will leverage on other measures outside of the COE system, such as tiered vehicle taxes, to further address social equity.
Other suggestions such as a Pay-As-You-Bid system and banning car dealers from the bidding process, which were popular suggestions during consulatation, will also not be implemented.
So Cat B will go thru the roof? Huat ah...
So Cat B will go thru the roof? Huat ah...
for next 6 mtgs CAT A will go up. coz as usual KS people will cheong it for next 6 mths.. but then Cat B will get pushed up.
eventually normalized.
But I dont See CAT A dropping much. either. as limited COE plus many people aspire to own car. So?
moral of the story? people feel shoik that they cannot own others should not too. :)
Those who cannot afford a Merc or BMW thinking that they can when COE is down by KPKBing green eye. ? well still cannot own one.
princess_morbucks
09-09-13, 12:25
So Cat B will go thru the roof? Huat ah...
Cat B go up nevermind.
The problem is, I think, nothing much will happen to Cat A.
Cat B go up nevermind.
The problem is, I think, nothing much will happen to Cat A.
this is not a "problem". it's the hard truth.
this system is very simple, high demand low supply. and yes, only the well off can buy a car.
with this new rule, it will show in your face : COE for cat A high is not because "the rich are also competing with me". it's genuinely because of high demand.
http://www.todayonline.com/singapore/coe-changes-cars-exceeding-130-brake-horsepower-go-under-cat-b
BY
SUMITA SREEDHARAN AND WOO SIAN BOON
-2 MIN 26 SEC AGO
SINGAPORE - Cars with engine power output exceeding 97kW (130 brake horsepower) will be classified under Category B in Certificate of Entitlement (COE) bidding exercises starting February 2014, Transport Minister Lui Tuck Yew announced this morning.
This new set of categorisation comes on top of the existing Category A criterion that the engine capacity of a car should not exceed 1,600cc.
This means that car models such as the Mercedes Benz C180 (engine power 115kW) and BMW118i (125kW) and the Mini Cooper S (135kW) will be grouped together with bigger cars.
The criteria will be reviewed every few years to keep pace with market trends and technology improvements.
The new categorisation criteria comes as the Land Transport Authority seeks to better delineate mass market cars from premium cars.
Public, industry and academic feedback were sought from May to July.
The LTA will not implement a multiple car surcharge on owners with more than one car as there are many loopholes which buyers could take advantage of to circumvent such a policy.
Instead, it will leverage on other measures outside of the COE system, such as tiered vehicle taxes, to further address social equity.
Other suggestions such as a Pay-As-You-Bid system and banning car dealers from the bidding process, which were popular suggestions during consulatation, will also not be implemented.
LPPL :doh::doh:
this is not a "problem". it's the hard truth.
this system is very simple, high demand low supply. and yes, only the well off can buy a car.
with this new rule, it will show in your face : COE for cat A high is not because "the rich are also competing with me". it's genuinely because of high demand.
CAT A is high is also many more people can afford and they are fighting for the limited COE. and also Singapore land is limited. so its never possible everyone can have a car. Thats that fact.
this is not a "problem". it's the hard truth.
this system is very simple, high demand low supply. and yes, only the well off can buy a car.
with this new rule, it will show in your face : COE for cat A high is not because "the rich are also competing with me". it's genuinely because of high demand.
Actually if you are not aware sg lions all damn rich one.. See the latest LTA stats, for every 6 news car hoots out of 10, these 6 are either Merc, BMW, Audio, Volkswagen or Volvo..
Actually if you are not aware sg lions all damn rich one.. See the latest LTA stats, for every 6 news car hoots out of 10, these 6 are either Merc, BMW, Audio, Volkswagen or Volvo..
Soon will be more Big Japan cars. Quatum remind the same. but cars type change. pple bay song see other people drive merc or bmw. so end up all with big jap cars lor.
Actually if you are not aware sg lions all damn rich one.. See the latest LTA stats, for every 6 news car hoots out of 10, these 6 are either Merc, BMW, Audio, Volkswagen or Volvo..
Volkswagen is mass market car.
Mercedes-Benz C160k - 120bhp, still in COE Cat A.
BMW 116d with 85 kW/116 hp - also COE Cat A.
princess_morbucks
14-09-13, 22:03
http://www.todayonline.com/singapore/high-traffic-car-showrooms-after-coe-tweaks
BY
CHNG KHENG LENG
-1 HOUR 1 MIN AGO
SINGAPORE – Some car showrooms were packed with potential buyers today (Sept 14), following the changes to the Certificate of Entitlement (COE) system announced earlier this week.
Some carmakers cut prices ahead of the changes, which will come into effect next year.
Swedish carmaker Volvo said traffic at their showroom doubled, as they dangled discounts ranging between S$20,000 and S$30,000.
The luxury car maker has five models with an engine capacity of below 1,600cc but these models also have a high engine horsepower of more than 130 brake horsepower.
From February next year, these will be transferred from the current category A to category B, competing with other premium brands.
Carmakers seem to be benefiting, at least for now.
Marketing manager for Volvo Wearnes Automotive Chow Yi Ling said: “Since the announcement of the COE re-categorisation, we have seen a surge in showroom traffic. Customers are even coming in on weekdays. In fact, we even saw sales increase mainly in Cat A cars.
“Although there is a demand for Cat A cars, there are also people looking for Cat B cars at the moment, because they don’t know what is going to happen after the policy sets in when all the current Cat A models are moved to Cat B, so people who are keen or ready to buy are going to buy now as well.”
Customers said they are likely to buy now, as the cars they are eyeing could cost more once the new rules kick in.
The changes were made after several months of public consultation to better ensure elements of social equity in car ownership. CHANNEL NEWSASIA
---------------------------------------------------------------------------------
What will happen to Cat A COE in the mean time?
just curious.
why are some measures instantaneous, like the property CMs.
whereas other measure like changes in COE take months to take effect?
princess_morbucks
14-09-13, 22:56
just curious.
why are some measures instantaneous, like the property CMs.
whereas other measure like changes in COE take months to take effect?
Mabbe to give car dealers time to clear their goods?
More CM more defiant sg lions are?
Certificate of entitlement (COE) premiums rose in all categories at the latest tender Wednesday, fuelled in part by impending changes to the system announced last week.
Premiums for cars up to 1,600cc increased by 8.3 per cent to $83,751, while premiums for cars above 1,600cc surged by 11.9 per cent to $86,239.
The COE premium for the open category, which can be used for any vehicle but ends up mainly for cars, jumped by 8.8 per cent to $87,001.
The premium for commercial vehicles continued to rise by 2.7 per cent to a new record high of $76,001. The motorcycle premium also went up by 2.6 per cent to $1,703.
Last week, the Government had announced a new criterion for cars in Category A. From next February, only cars with a brake horsepower (bhp) of 130 or less will remain in Cat A. This is on top of the existing criterion that caps engine capacity for Cat A cars to 1,600cc. The announcement prompted many potential car buyers to visit car showrooms last weekend.
astroboy8681
18-09-13, 16:43
More CM more defiant sg lions are?
Certificate of entitlement (COE) premiums rose in all categories at the latest tender Wednesday, fuelled in part by impending changes to the system announced last week.
Premiums for cars up to 1,600cc increased by 8.3 per cent to $83,751, while premiums for cars above 1,600cc surged by 11.9 per cent to $86,239.
The COE premium for the open category, which can be used for any vehicle but ends up mainly for cars, jumped by 8.8 per cent to $87,001.
The premium for commercial vehicles continued to rise by 2.7 per cent to a new record high of $76,001. The motorcycle premium also went up by 2.6 per cent to $1,703.
Last week, the Government had announced a new criterion for cars in Category A. From next February, only cars with a brake horsepower (bhp) of 130 or less will remain in Cat A. This is on top of the existing criterion that caps engine capacity for Cat A cars to 1,600cc. The announcement prompted many potential car buyers to visit car showrooms last weekend.
Cat A increase is inevitable..... loads sitting on the fence undecided of changing decides to plunge for those Merc, Volks, Volvo affected next Feb onwards...
just see the number of bids submitted...
COE no $100K no talk ... cheong ar :doh:
only 1 winner:rolleyes:
Even Toto sometimes got more than 1 winner. This one is ultimate :rolleyes:
phantom_opera
18-09-13, 21:54
Government, after investing in so many MRT lines will not make COE cheap cheap lah going forward, expect min 30k suring recession, 50k with 1% GDP, 70k for 2% GDP, 100k for 4% GDP growth
In fact, the nanny state of PAP should ban middle class from buying a car (unless got special reason) :scared-3:
ok COE 80+k means GDP growth this year wil be 3% :p
proud owner
19-09-13, 00:13
Even Toto sometimes got more than 1 winner. This one is ultimate :rolleyes:
that single one winner Radha08 referring to is SINGAPORE GOVT
:doh::doh:
No car can also have BMW ( Bus, Mrt, Walk)
No car can also have BMW ( Bus, Mrt, Walk)
Good one...:D
Probably Cat B will be more than $100K next year.
ah lui will get promotion soon. money come, money come.:D
Just need some advice : would you sell your 2 year old car (fully paid) if you are going for overseas posting for 1 year ?
phantom_opera
21-09-13, 10:28
expect more inflation when commercial vehicle Coe keep hitting new high
price of property flat but everything else keep going up? how long can this situation last?? expect prop price to surge towards year end, dragon head already up 18% yoy, more than ABSD
that single one winner Radha08 referring to is SINGAPORE GOVT
:doh::doh:
Needless to say... and you dont even get to see the piece of paper worth 90k :doh:
Just need some advice : would you sell your 2 year old car (fully paid) if you are going for overseas posting for 1 year ?
Good price, sell. if not, lay it up for a year
Check out the latest COE results. Very close to $100k.
It is amazing. Cannot buy house and go for the car. S$93,500 for 10 years -$9350 per year!:scared-1:
SGD 779.16 a month
SGD 25.97 a day
Chip chip chip
It is amazing. Cannot buy house and go for the car. S$93,500 for 10 years -$9350 per year!:scared-1:
I also say... straight line depreciation!
Today COE's bidding for large car going beyond 100k?
Today COE's bidding for large car going beyond 100k?
LOL...
As of now at 1219 H...it is still $1.
I also say... straight line depreciation!
cars r like women, cannot use straight line depn. reducing bal more appropriate :D
As of now Bidding status as at 23/10/2013 15:11:42.00 hrs,
it is still $1
LOL.
Out liaox:
http://www.straitstimes.com/breaking-news/singapore/story/latest-certificate-entitlement-results-out-20131023
Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) 76,889 85,000
B - Car (above 1600cc) 87,910 93,500
C - Goods vehicle & bus 68,002 76,310
D - Motorcycle 1,804 1,961
E - Open 92,289 93,889
princess_morbucks
06-11-13, 16:46
http://l1.yimg.com/bt/api/res/1.2/jiqbJQaxM0pZQLcnHV04cw--/YXBwaWQ9eW5ld3M7Zmk9aW5zZXQ7aD0zNDc7cT03NTt3PTUxMg--/http://l.yimg.com/os/publish-images/news/2013-11-06/3556f165-b6c3-4034-828e-0be9e9206a6a_COE.jpg
Yahoo Newsroom Photo By LTA/Land Transport Authority
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