COE Crashed

[Nav14]

JUst want to check on the estimated value of the body for Cefiro 230JM (latest model) if scrapped just before the 4th yr and also if scrapped just before the 5th year. Can get 15k for the body if scrapped before the 4th yr and before the next new Cefiro model comes out ?

[Schneider79]

Hard to tell... there is no one exporting the new model yet. The current one which is near 2 years old are unable to export.

[Duckduck]

hehe. well i believe COEs will stabilize back up to abt $15k. This was mentioned also in the papers by the hyundai motors rep. The gahmen didnt expect the COE to crash so fast when they created more COEs coz of the large amt of cars scrapped this year... so once the bargain hunters have bought enuff cars, the gahmen will take action and reduce the COEs again, causing the COE prices to go up again.. some time later lor..

 

Right now PARF still the same, the long term goal of reducing car prices in total has not come into action. THis shld b rolled out slowly over many years lah.

Edited October 10, 2005 by Duckduck

[Vit4wd]

Did you read 12 Oct Straits Times forum page?

 

Got 1 sour grape complain why COE prices so low

 

COE price high complain. COE price low also complain

[Africatwin]

I dun think so even it go back to 15k it wun last for long. Now everyone is changing cars for those who change to new cars with 10yrs long they will be tie to their new cars for at least 6yrs depending of how much they down. For 7yrs long at least 4yrs to break even. So there will definitely a period where most of the owners unable to change to a brand new car again. So COE will still go down further after some time. Those who got their cars at high coe is now stuck with their cars for a even longer period.

[Pisces69]

u know wat i think?

Gahmen should scrap this stupid COE scheme long long ago!!!

Why would any1 pay for a license to own a car? Doesn't make sense!!!!

Especially when they want us to pay rd tax, erp, parking....etc.

============================

 

Gharmen has clearly started to move away from high cost of car ownership & moving to high cost of car usage.

 

This transition will cause turmoil in the 2nd hand car market which we have started to experience already.

 

Many pple r going to b caught unawares unless they do their costing very carefully as although it is cheaper to buy cars now, the running costs will escalate to very high levels.

 

Then we will have another problem. Many cars registered but lower car usage. This means insufficent parking space which will give them an excuse to raise the c/park charges to very high levels.

 

Then motorists will b trapped. Expensive to use & expensive not to use. Gharmen will then b laughing all the way to the bank.

[Atlantis_boi]

Did you read 12 Oct Straits Times forum page?

 

Got 1 sour grape complain why COE prices so low

 

COE price high complain. COE price low also complain

 

Mayb tat fellow is 1 of the many who r stuck with high COE. He got nothing 2 do so wrte in to complain