$2 COE car selling more expensive than same but higher COE

[Deckbuild]

What a high mark up on the body.

 

 

http://www.sgcarmart.com/used_cars/info.ph...847&DL=1038

[Kungming]

Need a lot of courage to buy it man. Upz for the carrot!

[Deckbuild]

Need a lot of courage to buy it man. Upz for the carrot!

 

Ask for a $15k discount.

[Antlau]

if not desperate, at the most, it is worth $30k.

[Yewheng]

Bo bian with so high COE now. Those that buy when COE is super low will benifit the most if they were to sell their cars now.

[Atlantis80]

No point paying current market prices for such low paper value cars

[13177]

Dont think only one car which $2 COE can sell such a crazy price. I saw there are a few $2 COE also selling such a cazy price. I really think only fools will buy these cars!

[Adrianlim13]

actually no difference what.. ( not refering to this swift though) . Nowadays, dealers take in cars at 'market' value, or ok slightly less as they need to make a profit. NO one NOW will trade in their car at paper price+body.

 

In addition, should the car declared in a total loss situation, insurers will also compensate based on market value, so whats the difference ? COE is just a tax to govt. IMO, one should look at annual depreciation (till scrap) rather then anything else now.

Edited February 12, 2012 by Adrianlim13

[Cheesepiekia]

Not just the COE is $2, this car already have 2 owners before.

[Atlantis80]

actually no difference what.. ( not refering to this swift though) . Nowadays, dealers take in cars at 'market' value, or ok slightly less as they need to make a profit. NO one NOW will trade in their car at paper price+body.

 

In addition, should the car declared in a total loss situation, insurers will also compensate based on market value, so whats the difference ? COE is just a tax to govt. IMO, one should look at annual depreciation (till scrap) rather then anything else now.

 

But what happens if the COE suddenly were to come crashing down? Those who bought low paper value cars at high market prices during peak periods will lose out.

[Jamesc]

Dont think only one car which $2 COE can sell such a crazy price. I saw there are a few $2 COE also selling such a cazy price. I really think only fools will buy these cars!

Thats ok the, there is one born every minute.

 

[Adrianlim13]

technically speaking yes. but in reality, do you think there will be low coe ? Even if 2013,14,15 got a lot of scrap, most of these car owners will purchase again hence its sort of like a equalization.

 

of course anything can happen

[Nf0rc3r]

It makes no diff if buyer wants to drive till 10 years.

[Adrianlim13]

Singapore or in fact globally, nothing will be cheap anymore.

 

Things used to be cheap because india,china were not so well developed. Developed countries then could take advantage. Taking China as a example. When China first opened up, MNC flock in to take advantage of cheap labour,materials. Things can be produced at a cheaper price. Fast forward today, salaries are much higher,commodities cost much more. people with lots of of new found wealth. Tell me, how can things be cheap ? Its a fact.

 

Even if we face a slow down or whatever u call it, it will rebound….fast and remember, the next peak is always higher then the previous peak. Proven fact. (and that includes coe..haha)

Edited February 12, 2012 by Adrianlim13

[13177]

technically speaking yes. but in reality, do you think there will be low coe ? Even if 2013,14,15 got a lot of scrap, most of these car owners will purchase again hence its sort of like a equalization.

 

of course anything can happen

[Mllcg]

drive till 10 years and the COE wont matter

[Stiener]

Someone will buy the car for sure. Willing buyer and willing seller...at the right price and that is subjective.

[Zxcvb]

If buyer intends to drive till the end of COE lifespan, then it doesn't matter really.