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113 replies to this topic | 394 praises

#1

Posted 21 January 2017 - 02:29 PM

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For those who are waiting at the sidelines for COE prices to drop further, console yourselves that car prices are cheaper now than before.

 

Back in 1997, the G8 Toyota Corolla cost $125K. The G9 Corolla dropped to $100K in 2000. Today, the Corolla Altis costs $100K with 5 years warranty and servicing thrown in. If you take inflation into consideration, the brand new Corolla today is CHEAPER than 20 years ago.

 

With Uber and Grab in the picture fighting for a piece of the small Cat A pie, COE prices are unlikely to  drop to $40K levels.

 

If you really need a car, just go for it now, before more Car Llite policies come into place and COE quote gets cut, then we will be back to $80+K COE seen just very recently 2 years ago.


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#2

Posted 21 January 2017 - 02:36 PM

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Chicken rice also cheaper now then 20yrs ago if we add in the inflation... Hehehe
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#3

Posted 21 January 2017 - 02:45 PM

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Dun forget there was a less than 20yr ago time when the 'rolla was $69k.

And still got 10yr loan to finance it.

No wonder ppl say we always yearn for the good ol days....
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#4

Posted 21 January 2017 - 02:52 PM

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Car lite started.

Prepare for more COE cut
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#5

Posted 21 January 2017 - 02:56 PM

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yes and no. car is cheaper but not COE. as to if COE will drops to $40k or below, we will know soon. hahaha
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#6

Posted 21 January 2017 - 03:00 PM

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Money has become smaller................


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#7

Posted 21 January 2017 - 03:16 PM

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ya knn that time bought the Corolla at $100k somemore 2nd hand owner only drove for few months. Drove for 7 years before changing car.


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#8

Posted 21 January 2017 - 03:50 PM

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Ya but last time can buy house for peanuts. Got extra $$$ for car
Mustank, Benarsenal and 1 Anonymous member praised this
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#9

Posted 21 January 2017 - 03:57 PM

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For those who are waiting at the sidelines for COE prices to drop further, console yourselves that car prices are cheaper now than before.

 

Back in 1997, the G8 Toyota Corolla cost $125K. The G9 Corolla dropped to $100K in 2000. Today, the Corolla Altis costs $100K with 5 years warranty and servicing thrown in. If you take inflation into consideration, the brand new Corolla today is CHEAPER than 20 years ago.

 

With Uber and Grab in the picture fighting for a piece of the small Cat A pie, COE prices are unlikely to  drop to $40K levels.

 

If you really need a car, just go for it now, before more Car Llite policies come into place and COE quote gets cut, then we will be back to $80+K COE seen just very recently 2 years ago.

Why 20 yrs ago before the asian financial crisis set in?.......if go 30 yrs before when there is no coe cars were very much cheaper!  If go back  19 yrs and the financial crisis was in full swing coe price plummetted and remain low for nearly a decade!

But i still prefer 20 yrs ago....the ft presence was not felt then.


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#10

Posted 21 January 2017 - 04:02 PM

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For those with short memories back in 1997 you have to come up with a 30 percent down payment and can loan up to 7 years maximum
.

The flood gates started in 2003 when the garment allow 100 percent finance and 10 years loan. Most people use the 2nd scenario as a baseline to compare.

Edited by No_worries, 21 January 2017 - 04:02 PM.

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#11

Posted 21 January 2017 - 04:19 PM

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KNN, sibei sian liao, next 5 yrs, mayb 10 yrs I dont know what to do liao. COE up down also I cannot do anything.   [:(]  [:p]  [:p]


芸芸人海,罪孽深重,神佛不渡,唯我魔渡

with the spirit of the MCF tiko club..............We are................ TIKO RANGERS!!!


#12

Posted 21 January 2017 - 04:28 PM

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KNN, sibei sian liao, next 5 yrs, mayb 10 yrs I dont know what to do liao. COE up down also I cannot do anything. [:(] [:p] [:p]

Hv no fear. COE up or down u can still tiko.
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#13

Posted 21 January 2017 - 04:33 PM

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Hv no fear. COE up or down u can still tiko.

 

Tikoism is my profession, this one I cfm know what to do, up down up down is part of it.  [:p]  [laugh]  [laugh]


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芸芸人海,罪孽深重,神佛不渡,唯我魔渡

with the spirit of the MCF tiko club..............We are................ TIKO RANGERS!!!


#14

Posted 21 January 2017 - 04:38 PM

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KNN, sibei sian liao, next 5 yrs, mayb 10 yrs I dont know what to do liao. COE up down also I cannot do anything. [:(] [:p] [:p]


Stop following coe thread since I change my car last year.
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#15

Posted 21 January 2017 - 05:21 PM

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tv, laptop, handphone all cheaper than 20 years ago.
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#16

Posted 21 January 2017 - 07:03 PM

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Car lite started.

Prepare for more COE cut

 

But COE still increases by dunno 9 or 11% for this year first quarter. COE increases or decreases is not we say but Govt say. Nobody knows.



#17

Posted 21 January 2017 - 07:14 PM

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on that note, the cars are at their lowest on the roads now cf 8 years ago...but wtf, still jam like nobody business


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#18

Posted 21 January 2017 - 07:34 PM

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tv, laptop, handphone all cheaper than 20 years ago.

20 years ago no hand phone. Only pager. Laptop very ex then. Only atas people carry laptop.
20 years ago I brought my swift for 80plus k. Hahaha cheap?

3 cylinders 1000 cc swift sedan. Hahaha

on that note, the cars are at their lowest on the roads now cf 8 years ago...but wtf, still jam like nobody business

Blame road works, numerous traffic junction. In the morning blame the school going kids.

Don't blame the car price or government.,😀
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#19

Posted 21 January 2017 - 07:35 PM

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There are too many cars today, hopefully they cut COEs by half and impose full cash payment for COEs.

Loan only for the machine cost.
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#20

Posted 21 January 2017 - 07:37 PM

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20/30 years ago where got mcf or Carmart?

The only source of info from straittimes advert. Small cutting advert always with engine A1 condition? Hahaha

Edited by Kopites, 21 January 2017 - 07:37 PM.



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