I Think I have to Own my Car Without COE one way or another Options

[Nmnhnlm]

Looking at the rate the COE increases, I don't think I can afford when my COE expires in 2yrs time.....

That means I can only scrap the car. But I am unwilling to part with the car.

That only leaves me one path....... Hopefully, I won't have to go that way then.....

[Prostcode]

Balls to the COE system.

I wanna keep my car forever!

[Nmnhnlm]

Balls to the COE system.

I wanna keep my car forever!

Lol! Me too. Looks like if we want to keep our cars forever we have to probably sacrifice our lives already.....

[Relagsingh]

Looking at the rate the COE increases, I don't think I can afford when my COE expires in 2yrs time.....

That means I can only scrap the car. But I am unwilling to part with the car.

That only leaves me one path....... Hopefully, I won't have to go that way then.....

yeah man. i can shed a tear for u now. by then the PQP will be so high. if u renew, maybe for 5 yrs only.

kudos to those who just bot new recently. they took the last ferry.

[Kangadrool]

Looking at the rate the COE increases, I don't think I can afford when my COE expires in 2yrs time.....

That means I can only scrap the car. But I am unwilling to part with the car.

That only leaves me one path....... Hopefully, I won't have to go that way then.....

2 years time it's enough time for you to wait out. Maybe, some crashes along the way. See lotsa COE cars expiring 2011 trying to sell off in SgCarMart. If no takers, most likely scrap by then.

[Roh96]

U have 2 yrs to wait and see. When time comes u still have a few options like renew COE, buy 2nd hand car or maybe time to consider low budget car like China make etc. There is always a car for all budget....not as if is end of the road. Relax abit.

[Alfc]

Sorry to say that is probably the objective to eliminate certain categories of car owners.
Looks like I also have to up my budget when i renew my COE.

[Nf0rc3r]

renew now while the premium is low? but only if u are rly sure in 2 years will be super high like 40k. cos ur throwing away 2 years worth of CoE.

[Darkblue]

Re-new since still 20K+ only, better than regret...

[Ladykillerz]

Don't have to worry so much.

When your car reaches end of COE, look at the COE price tag and decide later.
If you can afford, renew it.
If you cannot afford, just take public.

Nothing to worry about.~

[Requiemdk]

Sorry to say that is probably the objective to eliminate certain categories of car owners.
Looks like I also have to up my budget when i renew my COE.

I thought about this whole COE quota cut issue for a while. Initially of course, people's knee jerk reactions will be negative because who wants to pay so much to own a car? Maybe the government finally came to its senses and realized that for the COE system to work, it needs to be implemented much more harshly. Then I thought about it a bit more and realized that it still stinks.

It's simple. The government doesn't really know how it wants to solve the problem of traffic congestion. There are two systems in place - COE and ERP, one designed to reduce the number of cars on the road, and the other to reduce traffic levels in congested areas. Both sort of serve the same purpose. The reason why there are two such systems is because both were implement in such a half-arsed way that neither achieved their goal.

Next, if they don't want us to own cars, they have to provide a VIABLE alternative, right? But the public transport infrastructure has gone to the pits ever since the early 2000s. Just look at what happened after privatisation - a commuter density goal of 6 people per square meter for the MRT?! Look at the on and off-peak frequencies of bus services. The overloading of the infrastructure is partly due to the massive influx of immigrants and foreign workers, again a policy that they either didn't think through properly or once again implemented with complete disregard for its practical consequences. The only group that I can think of that might benefit is the taxi drivers. So, not only can they not decide which approach they want to adopt to tackle the congestion issue, but they've also made it such that the alternatives available to the people are as half-arsed as their approaches.

In short, we have a half-arsed government. But what's new about that?

[Ladykillerz]

you have a good writing.
you think alot also. Hee~

[Picanto]

Looking at the rate the COE increases, I don't think I can afford when my COE expires in 2yrs time.....

That means I can only scrap the car. But I am unwilling to part with the car.

That only leaves me one path....... Hopefully, I won't have to go that way then.....

renew coe for another 10 yrs

[Picanto]

I thought about this whole COE quota cut issue for a while. Initially of course, people's knee jerk reactions will be negative because who wants to pay so much to own a car? Maybe the government finally came to its senses and realized that for the COE system to work, it needs to be implemented much more harshly. Then I thought about it a bit more and realized that it still stinks.

It's simple. The government doesn't really know how it wants to solve the problem of traffic congestion. There are two systems in place - COE and ERP, one designed to reduce the number of cars on the road, and the other to reduce traffic levels in congested areas. Both sort of serve the same purpose. The reason why there are two such systems is because both were implement in such a half-arsed way that neither achieved their goal.

Next, if they don't want us to own cars, they have to provide a VIABLE alternative, right? But the public transport infrastructure has gone to the pits ever since the early 2000s. Just look at what happened after privatisation - a commuter density goal of 6 people per square meter for the MRT?! Look at the on and off-peak frequencies of bus services. The overloading of the infrastructure is partly due to the massive influx of immigrants and foreign workers, again a policy that they either didn't think through properly or once again implemented with complete disregard for its practical consequences. The only group that I can think of that might benefit is the taxi drivers. So, not only can they not decide which approach they want to adopt to tackle the congestion issue, but they've also made it such that the alternatives available to the people are as half-arsed as their approaches.

In short, we have a half-arsed government. But what's new about that?

i read that public transport satisfaction rating has gone up. in short, most commuters are happy with the trains and buses. i dun believe them. where they get the stats from?

[Leepee]

Some people say you buy high, you will also sell high.
Meaning new cars will be ex in future. But correspondingly, your old car will also cost more on the resale market.
So its a LPPL situation which does not really matters for people already owning a car.
When its time to change car, the differnetial in your new car and existing car will be more or less the same now or in future.

Just look at the 2nd car dealers, they will up their car prices when the COE prices rises. Usually on the same ratio 1:1.

Dont worry, last time $100k COE people still buy cars. Nothing has changed.

[Kyojin]

wait for 2011. many 2nd-time COE cars are going to expire, so there'll be more supply.

[Celicar]

I agree with various of the points made, especially by Requiemdk. For me, I am quite thankful this measure is implemented now rather than later, when it is more likely to affect me. For now, it is just a piece of news to me and as with many developments that are perceived negatively by Singaporeans, the effect will wear off after we collectively exercise our complaining muscle. Singaporeans have proven time and again that they have short memories.

Additionally, I tend to view the COE system as 'cyclical', to put it broadly. In other words, I think it is entirely possible that we will swing the other way in a few years, when the number of COEs released are increased for whatever reason. Other factors may also affect COE prices whatever the quota, such as economic climate, other government policies, etc. It may seem very remote right now, but there is nothing to say it is impossible.

Take it easy, until the time comes when COE becomes relevant to one's individual case.

[Throttle2]

Don't have to worry so much.

When your car reaches end of COE, look at the COE price tag and decide later.
If you can afford, renew it.
If you cannot afford, just take public.

Nothing to worry about.~

good advice

[Kengohth]

ideally, in order to amortize the cost of the COE, it would be best to drive it the full 10 years.
however for practical and fashion reasons, pple normally change cars after 3 to 5 years as the PARF will depreciate as well. hence the paper value is also dropping.

It is unfortunate that the supply is cut. But seriously tons of alternatives like used car (1 to 3 year old). Buying a good solid car that can last 10 years (like some of my friends have done). though I think can be a bit hard as the newer cars got tons of eletronics which can go haywire anytime. gotta keep your fingers.

If the net cost of repairing and servicing for a older car is higher than your depreciation for a newer car, then it would be better to change to a newer one. it all depends.

anyway, it is very very expensive to own a car in Singapore. We buy because of family reasons, ease of use and quality of life reasons. Of cos, the rule of thumb applies. If household income is less than 7.2k a mth, then should wait out for a while. it would of cos be ideal to buy in cash if possible. but if cannot, then 30% downpayment, 7 year loan should be the max max.

[Mike1234]

I dont think ard 2011.......The COE will drop.....Cos u look at it now.....If the COE is release lesser and lesser......Many people will wait, when the owners whose COE going to expire........The COE demand will be higher and alot of people will be flooding in by then.....Which makes it worse......So, the govt will also try to increase the number of COE only by abit, thus with higher demands for COE and abit more of COEs being released........It will definetly increases even more.........

Just my opinion.....