Dropping in COE prices

[Merc Fan]

Hi bros,

Does the depreciation in COE prices mean we are paying more for our Mercedes if we bought earlier this year? 

[pmet]

Of course! How much you paid yours?

[jtang]

Once bought....stop monitoring the COE. Just enjoy the new ride. If u can't do this, u will always be miserable..... might as well take a grab or uber to move around. 

[Arshavin]

As long as Grab and Uber continue to offer discount rides, it will be a popular option 

[mecedesfish]

5 hours ago, jtang said:

Once bought....stop monitoring the COE. Just enjoy the new ride. If u can't do this, u will always be miserable..... might as well take a grab or uber to move around. 

I do agreed......

[Silverkris]

Your car will have higher paper value.

[Merc Fan]

10 hours ago, Silverkris said:

Your car will have higher paper value.

But what's the use of higher paper value? I rather pay less than more!  But got to move on or else, life will be miserable! 

[pmet]

On a plus side, if COE drops to 10k in the next few months, just scrap and buy new one lar!

[Merc Fan]

When COE drops, used car prices will also drop right?

[pmet]

True but high COE will still prop it up.

[tzehou]

That might be a challenge. Dealers might not be willing to buy a used high Coe car from customer if they have a choice. Cos they got to sell it higher too. Law of economics 😅

[Merc Fan]

Dealers will have to pay less to used High COE car in order to sell the car?

[ahzq17]

COE Drop but after the new EVS scheme kick in next year 1st Jan 2018, car prices will be slapped with less rebate or even surcharges due to their emission.

http://www.businesstimes.com.sg/transport/new-emission-scheme-expected-to-lift-car-prices-dealers-scramble-for-specs

Nevertheless, if the COE price crashes to 20-30k levels, those owners who have cars with very high COE will send their car to the scrap yard and buy a new one to lose less annually.