COE is getting freakin' ridiculous

[Guest vt5sport]

SINGAPORE: The latest COE results in the Second Open Bidding Exercise ended July 20 saw a rise in premiums for all categories except motorcycles.

The biggest jump came from the Open Category, where the certificates are usually used to buy cars. Premiums were up S$5,679 to S$74,490.

COE price for big cars (above below 1600cc) rose S$4,000 to S$72,501, while those in the small car category was up S$13 to S$56,002.

In the Goods Vehicles and Bus Category, the COE price jumped S$1,912 to S$34,502.

Motorcycle COE fell S$348 to S$2,012.

- CNA /ls

[Guest blackmercs]

Good news, is time to sell off yr car!!

[Guest Cklasse]

haha...back to the folding bike topic again.....IF MODE anyone?

[Guest jtang]

blackmercs wrote:

Good news, is time to sell off yr car!!

Sell? Then take bus?....:Cry:

[Guest vt5sport]

blackmercs wrote:

Good news, is time to sell off yr car!!

no use....cannot afford to replace. :Cry::Cry:

[Guest Sanjay]

its pple like us who fuel the prices up... just dont change your car and keep what you have... being singaporeans, our car mileage is also very low.. taxi's even petrol driven manage to drive 400,000km in 3 years and the jap petrol taxi's are fine..

the problem lies in us taking 10 year loans.. and we pay say $1200 a month for a car.. and we work out that with the fancy financing scheme.... better to trade in and buy a new car at a small increase in monthly instalment rather than repair or replace wear and tear parts.

so just hold on to your rides, service car regularly and pay attention to maintenance.. we shd be able to drive for a long time on existing ride

[Guest vt5sport]

when i got my COE at $41k 9mths ago, i thot i paid too much.

but wif the way things are going, a $100k COE may not be that far from reality.

[Guest blackmercs]

vt5sport wrote:

when i got my COE at $41k 9mths ago, i thot i paid too much.

but wif the way things are going, a $100k COE may not be that far from reality.

That's the whole idea??

[Guest ACSLK]

Probably that's the way to control the population for cars on the road.............

* any other alternative????? higher ERP???

cheers

[Guest 6008]

ACSLK wrote:

Probably that's the way to control the population for cars on the road.............

* any other alternative????? higher ERP???

cheers

Set age limit for buying car . Say 50 year then allow to own car ??? Hahaha ......:becky:

[Guest vincemerz]

Coe higher than OMV is really sux.

[Guest Welbo]

Yr 2005 - Total car population : 600k+

Now - Car Population: 900k+

We need to have a tighter COE growth going forward if not we will be like Bangkok or Jakarta. Cheap car also no use as you cant drive it.

Hope Govt reduce the 1.5% growth rate that is being reviewed now. Cars population allowed to growth too much during the 2007-2009 period with 3% growth rate and mind you all this are compounded growth rate!:hand:

[Guest yellowcar]

Welbo wrote:

Yr 2005 - Total car population : 600k+

Now - Car Population: 900k+

We need to have a tighter COE growth going forward if not we will be like Bangkok or Jakarta. Cheap car also no use as you cant drive it.

Hope Govt reduce the 1.5% growth rate that is being reviewed now. Cars population allowed to growth too much during the 2007-2009 period with 3% growth rate and mind you all this are compounded growth rate!:hand:

Agree that the car population needs to be controlled. No point having cheap cars but getting sruck in jams everywhere.

Anyway, am relieved that I got my COE yesterday.. also got news that production allocation for my booking is confirmed... meanwhile, the wait continues...

[Guest kepiting1sg]

yellowcar wrote:

Agree that the car population needs to be controlled. No point having cheap cars but getting sruck in jams everywhere.

Anyway, am relieved that I got my COE yesterday.. also got news that production allocation for my booking is confirmed... meanwhile, the wait continues...

Congrats on your high COE!! Feeling must be shiok....hehehe!!! :becky:

Check SGCarmart - CnC has not increase their prices - looking like they are "bent to sell"

with the "limited available COEs" by digging into their "high profit margins" like most of the ADs.

When I booked my car, COE was abt $55k & I got my COE @ $68.5K - diff $13.5K.

Actually CnC put in my max bid @ $72,898 - so CnC was willing to dig into their profit more than this $13.5K diff.

If they hold these prices, they are narrowing their diff. with the PI.

If AD dun increase prices, PI will also find it hard to increase prices too.

How long this will hold - we shall see. :whistle:

[Guest vincemerz]

Mazda next in line to go bust.

they earning only 1% premium of their cost price now.

Faints.

if buy second hand Mazda, mazda close down also no more warranty...

[Guest tzehou]

vincemerz wrote:

Mazda next in line to go bust.

they earning only 1% premium of their cost price now.

Faints.

if buy second hand Mazda, mazda close down also no more warranty...

Err... bro, you serious? cos my brother though of getting a new Mazda3 fm the agent.

[Guest 6008]

kepiting1sg wrote:

Congrats on your high COE!! Feeling must be shiok....hehehe!!! :becky:

Check SGCarmart - CnC has not increase their prices - looking like they are "bent to sell"

with the "limited available COEs" by digging into their "high profit margins" like most of the ADs.

When I booked my car, COE was abt $55k & I got my COE @ $68.5K - diff $13.5K.

Actually CnC put in my max bid @ $72,898 - so CnC was willing to dig into their profit more than this $13.5K diff.

If they hold these prices, they are narrowing their diff. with the PI.

If AD dun increase prices, PI will also find it hard to increase prices too.

How long this will hold - we shall see. :whistle:

Unker ! Ultimate question ! When are you collecting your new ride ??????

[Guest vincemerz]

tzehou wrote:

Err... bro, you serious? cos my brother though of getting a new Mazda3 fm the agent.

yup. u go see wait ah,,,:

mazda 3 still ok. they earn 10%

u see this:

http://www.sgcarmart.com/new_cars/newcars_pricing.php?CarCode=10710

Mazda 6 they earn 1%.

http://www.sgcarmart.com/new_cars/newcars_pricing.php?CarCode=10521think buy Mazda 6 from them ;>

[Guest yellowcar]

kepiting1sg wrote:

Congrats on your high COE!! Feeling must be shiok....hehehe!!! :becky:

Check SGCarmart - CnC has not increase their prices - looking like they are "bent to sell"

with the "limited available COEs" by digging into their "high profit margins" like most of the ADs.

When I booked my car, COE was abt $55k & I got my COE @ $68.5K - diff $13.5K.

Actually CnC put in my max bid @ $72,898 - so CnC was willing to dig into their profit more than this $13.5K diff.

If they hold these prices, they are narrowing their diff. with the PI.

If AD dun increase prices, PI will also find it hard to increase prices too.

How long this will hold - we shall see. :whistle:

Thanks!

Been almost 2 months since I booked the car. Feeling from happy to worried to relieve to damn shiok :becky: cos COE price increase by about $16k from booking date to now..

Just checked the CnC website, they increased the list price of the C200 by $5k .. but prices of the other C class models no change.. strange leh..