COE Bidding – 2nd Round of August 2017

[sbs2716g]

LCR had the case with their PI. I don't think the used car markert absorbed 500-1000 Prius/Altis. CD has less drivers and should also have a lot of cars lying around. They are better off scrapping and return the COE to us 

 

they wont be scrapping these cars.. 

scrap in 2 years, they only get back 80% of the COE. (let say COE is 50k, they get back 40K).

let say for those hybrid cars, their parf rebate is only 2.5k to 3K... so they get back around 43K? 

 

even if those normal mazda 3 or Vios, their ARF is around 15K... so parf is 75% of ARF paid, so around 11K + 40K coe rebate, is around 50K++.. 

 

so they would rather to try to sell away.. 

[Inspiring1804]

Any experts here? COE will continue to rise no matter the odds?

Are you sure you want to buy? Maintenance/realiability will be a huge concern.

 

COE those days was also much higher. You are depreciating the higher COE for them

Think u made a point. I am thinking if they have thousands of cars to get rid of, price could be lower. Mileage wise will have to see though...

[Tanhangkiang]

they wont be scrapping these cars..

scrap in 2 years, they only get back 80% of the COE. (let say COE is 50k, they get back 40K).

let say for those hybrid cars, their parf rebate is only 2.5k to 3K... so they get back around 43K?

 

even if those normal mazda 3 or Vios, their ARF is around 15K... so parf is 75% of ARF paid, so around 11K + 40K coe rebate, is around 50K++..

 

so they would rather to try to sell away..

Selling one Altis, can you see the phv decal.

 

http://m.sgcarmart.com/used_cars/info.php?ID=676827

[DACH]

mostly from Uber because they expand too fast. Grab does not have this problem, at least not so big problem. 

I check around sgcarmart used car section, unable to find 4,000 <2year old cars like Vezel, Mazda 3, Prius on sale.

 

Think selling batch by batch ba.

[Fcw75]

Selling one Altis, can you see the phv decal.

 

http://m.sgcarmart.com/used_cars/info.php?ID=676827

1 year 8 mths car...the mileage is 128K!

 

If dealer buy over sure tamper with the mileage.

 

Beware of all those cars used as Uber cars.

[Mustank]

Think selling batch by batch ba.

Cannot dispose one time off

Market how to absorb?

Better sale price if systematic retreat

[Mustank]

1 year 8 mths car...the mileage is 128K!

 

If dealer buy over sure tamper with the mileage.

 

Beware of all those cars used as Uber cars.

Uber very clever

Because if later the tamper kena find out, uber will say they never do

Don't believe, see sgcarmart, 名人不做暗事

Black ops things better leave it to

[Mkl22]

Think u made a point. I am thinking if they have thousands of cars to get rid of, price could be lower. Mileage wise will have to see though...

Mileage like the others have mentioned will for sure be adjusted for resale later on. Which dealer in his right mind will sell a 1year old car with 120k km.

[mavericke]

1 year 8 mths car...the mileage is 128K!

 

If dealer buy over sure tamper with the mileage.

 

Beware of all those cars used as Uber cars.

 

Hard to tell if they are being tampered so if people totally avoid, the used car market for these 2015-2016 cars will have very bad resale value.

 

- Toyota Corolla Altis

- Toyota Prius

- Honda Vezel

- Mit Attrage

- Any other cars to avoid?

[Ben5266]

Hard to tell if they are being tampered so if people totally avoid, the used car market for these 2015-2016 cars will have very bad resale value.

 

- Toyota Corolla Altis

- Toyota Prius

- Honda Vezel

- Mit Attrage

- Any other cars to avoid?

- Mazda 3

-Toyota Sienta

-Honda Shuttle

[Char]

Selling one Altis, can you see the phv decal.

 

http://m.sgcarmart.com/used_cars/info.php?ID=676827

See the mileage !!!

[Tanhangkiang]

It is interesting to observe the movement of the next few coe bidding, as increasing amount of phv are released for sales.

[AFWE69]

It is interesting to observe the movement of the next few coe bidding, as increasing amount of phv are released for sales.

And I doubt UBER and GRAB will be bidding for more COEs.

[tmsan]

LTA should Ensure that their PHV sticker should stay with car compulsory until register with new pte owner who willing to buy over the high mileage car, not fair to allow remove sticker by dealer, then they adjust mileage and cheat buyer. CASE will not help you anyway.

Be prepared the next round insurance cost will increase across the board Bezos of massive phv claims, better buy insurance in advance see if can lock-in for the next 3-5 years upfront, hedging

[Fcw75]

Hard to tell if they are being tampered so if people totally avoid, the used car market for these 2015-2016 cars will have very bad resale value.

 

- Toyota Corolla Altis

- Toyota Prius

- Honda Vezel

- Mit Attrage

- Mazda 3

-Toyota Sienta

- Honda Shuttle

- Honda Grace

- Kia K3 L

Edited September 1, 2017 by Fcw75

[Char]

Who know sell away 1-2 years old car by replacing new car is Ubor and Crab strategies ? Meaning that they will keep bidding of COE lo ?

[jach66]

See the mileage !!!

Sell by bidding system

Don't forget, next yr is the last yr for the high quota coe

So 2018 is the last chance?

Wat happen 2019? How Low?

[Sktan10]

Hard to tell if they are being tampered so if people totally avoid, the used car market for these 2015-2016 cars will have very bad resale value.

 

- Toyota Corolla Altis

- Toyota Prius

- Honda Vezel

- Mit Attrage

- Any other cars to avoid?

 

So for those who still interested in the above model,the best is to buy new?

So as to avoid those tampered high mileage car?