Car market CM is a KILLER...

[radha08]

I think this car CM has really KILLED the market...nothing seems to be moving on sgcarmart unless its REAL cheap...

Maybe its retribution for all those car dealers for the many many years they
have been conning innocent buyers like me...

[may2012]

i dont think so. they were given 2 mth to clear 7000 used cars and one big head dealer rep mention they already cleared more than half in less than a mth since the cm comes.

infact alot of margin players rushed in now before the cm kicks in again.

its the same as the first time buyers in property. rush in now or else too late to buy if another new cm comes.

[hopeful]

so people will still advertise on sgcarmart?
sph smart or not to buy sgcarmart?

[phantom_opera]

existing car owners stuck Liao ... 50k to 60k COE should be the norm

[DC33_2008]

Is $4000-$5000 depreciation of COE besides the car value depreciation acceptable?

existing car owners stuck Liao ... 50k to 60k COE should be the norm

[teddybear]

Come next year when they increase the quota!

existing car owners stuck Liao ... 50k to 60k COE should be the norm

[radha08]

Is $4000-$5000 depreciation of COE besides the car value depreciation acceptable?

bro if u earn 10k Per Mth ok...if u earn 2k Per Mth...

[RCT]

Come on... COE is going south which means you can pay less tax when owning a car... Who is the right frame of mind will go and buy a car with high COE? My answer poor people that cannot afford the high cash downpayment.. So not matter what the government done, it just benefit the rich..

[radha08]

Come on... COE is going south which means you can pay less tax when owning a car... Who is the right frame of mind will go and buy a car with high COE? My answer poor people that cannot afford the high cash downpayment.. So not matter what the government done, it just benefit the rich..

many many have done so over the past few mths...god bless

[JAFCO]

These days measures by govt seems fickle n incohesive. Later do one one feel not right later another....indeed how does uswd car affect coe.....if that is waht they are curning then stop the financing for coe. Full stop.

[minority]

bro if u earn 10k Per Mth ok...if u earn 2k Per Mth...

2K pm. shouldn't be wasting money on car.

[richwang]

Here is the COE system in some cities in China:

1. There are two types of COEs, one by lucky draw, another by open market bidding;
2. Of course, most people go for the lucky draw type, so the successful rate is very low: 1 in 70 or 80, but it at least gives everyone a hope (or they now call it Chinese Dream);
3. For those who cannot wait, they bid from the open market. The system works in such a way:
a) Government has a published reserved price, if the number of bids is less than the quota allocated, the price will never drop to S$2, it will be at the reserved price. Any extra quota will be carried forward to next month;
b) If the number of bids exceeds the quota, the top bidders get the COEs;
c) And yes, you pay exactly what you bid.

Thanks,
Richard

[radha08]

2K pm. shouldn't be wasting money on car.

true the most take back seat in a sonata...

[Ringo33]

Come on... COE is going south which means you can pay less tax when owning a car... Who is the right frame of mind will go and buy a car with high COE? My answer poor people that cannot afford the high cash downpayment.. So not matter what the government done, it just benefit the rich..

depending what CAT of car you buying. If you buying luxury sedan or sports car, they difference in COE might not be able to cover the additional ARF.

[phantom_opera]

bro if u earn 10k Per Mth ok...if u earn 2k Per Mth...

your 10kpm same purchasing power as 7kpm 10y ago
just look at PUB bill and your royal umbrella rice know Liao

[may2012]

why no ABSD for 2nd and 3rd cars?

or maybe SSD for cars sold within a year?

[Rosy]

why no ABSD for 2nd and 3rd cars?

or maybe SSD for cars sold within a year?

U lose alot of money if u sell within a year.

absd-buy under other family name.

[zeamybro]

To add on, 2 cars of the same make and age, could have significant diff in resale value, if one is a 2nd-hand one while the other is a 3rd-hand one.....

[radha08]

your 10kpm same purchasing power as 7kpm 10y ago
just look at PUB bill and your royal umbrella rice know Liao

mine is new moon thai mali organic rice...

[radha08]

To add on, 2 cars of the same make and age, could have significant diff in resale value, if one is a 2nd-hand one while the other is a 3rd-hand one.....

not for those that are 7 to 8 years old....btw i am in love with this ride...

http://www.sgcarmart.com/used_cars/i...335932&DL=1000

[solsys]

Car prices coming down, I think it's still a good thing.

[zeamybro]

not for those that are 7 to 8 years old....btw i am in love with this ride...

http://www.sgcarmart.com/used_cars/i...335932&DL=1000

And I m in love with this

http://www.sgcarmart.com/used_cars/i...335432&DL=1000

[radha08]

And I m in love with this

http://www.sgcarmart.com/used_cars/i...335432&DL=1000

haha i couldnt have guessed that...