COE Crashed

[En0203]

hehe sounds very good, let's wait until 2007 then we go hunt car sama-sama

[Freestylers09]

how much is vios now?y keep error when wana enter their price list???swift now 53500...wa..really tempting to book 1st even still on way getting my license

[Hitman]

Of course can .... in 2007 / 2008 , we go car shopping again

[En0203]

hehehe good, but must have patient and time too

 

more importantly, must save some money first, i took quite a long loan, it's going to break even in the next 6 months le

[En0203]

don't worry, by the time u get ur license maybe even more cheaper liao

[Hitman]

Like that good ler ..... by 2007 you can get about 10K back in cash

[En0203]

..... by 2007 you can get about 10K back in cash

 

huh? u sure or nto??? no lar cannot be so much la i down too little and take long loan

[En0203]

just pulled out my spreadsheet, by 2007 march i get $2k cash nia on scrapping my car

Edited October 6, 2005 by En0203

[Hitman]

Estimate only lar ... you calculate lar , I am sure there is a few thousand at least money back

[Hitman]

Aiyoh ... you sure or not ??

 

You breaking even in 2006 (April) ?

 

Ok lah .... 2K also money

[Mivec9]

that's a valid pt!

 

eventually for any benefit to be worth its while, there must be sufficient time invested

 

hmm.. so i think i better use my car until scrap, no need think so much

was contemplating to change too...but then calculate calculate...not worth it

[Mivec9]

An upfront rebate of $17,000 to be offset against the following items:

(a) COE Quota Premium

(b) Additional Registration Fee (ARF)

The rebate is first offset against the COE premium payable.

Any excess is then offset against the ARF payable.

http://www.lta.gov.sg/motoring_matters/mot...mes_offpeak.htm

anyone knows if wanna buy off peak car now....we would pay only wat items??

[En0203]

Aiyoh ... you sure or not ??

 

sure la, i made one spreadsheet sui sui to show me my car's scrap value at different period of time

 

last time i downpay 2k only ler, and stretch the loan through out the car's life span, 2 yrs can break even considered good liao

 

the spreadsheet shows that i'll break even at the end of 2nd yr, then subsequently i'll get about $2k for every year onwards until i hit my parf of around $11.5k in 5.5 yrs time. big cash back is not possible for me, it is only possible for those who downpay a lot and took a short loan period

[En0203]

was contemplating to change too...but then calculate calculate...not worth it

 

yalor, don't change lar, got car to bring us from point A to B then we should be contended liao

 

change car waste money la

[Acemundo]

enjoy the humour...hee

 

IT'S THE SEASON OF THE GREAT S'PORE COE SALE

Friday October 7, 2005

Plunging COE prices are sending S'poreans delirious, but wait ...

FRIDAY WITH

mr brown

[email protected]

THE COE has recently dropped sharply to between $11,000 and $12,000, much to the delight of many motorists.

If a foreigner were to see our faces now, he would ask, "Why are you Singaporeans so happy?"

"Because the COE dropped to the $11,000 range, so cheap! It used to cost as high as $35,000!" we would reply.

"What is this COE?" the foreigner would ask.

"It is a piece of paper that lets you buy a car to drive for 10 years!

$11,000, wow, so cheap!"

"You mean it does not include the car itself?" The foreigner would look increasingly surprised.

"No, it is a piece of paper. $11,000 is really cheap for that piece of paper, ok?" says the happy Singaporean.

No wonder Singapore only got 54th place in a survey that graded the world's most liveable cities.

The research firm must have taken one look at the price of our cars and downgraded us on the spot.

As someone once joked, in Malaysia, they had to invest millions to produce the National Car, Proton, to sell it for $30,000. All Singapore needed to do was to sell the paper that lets you buy the car.

Who needs a National Car when you can sell the National Piece of Paper to Buy a Car? Before you run out to put your money down on that new MPV, though, one needs to consider the many costs of car ownership in Singapore.

Yes, gentle reader, the cost of owning a car is more than just your monthly loan instalment. No matter what the car salesman would like you to believe. ("Mr Lee, see? $600 a month only!")

I mean, have you seen the price of petrol lately? Nowadays when you go to the petrol pump, and the attendant asks you if you want Gold or Platinum, it really feels like you are paying for real Gold and real Platinum. It is enough to make you ask him, "Uncle, got Aluminium petrol or not?"

He would probably say, "Aluminium? Please lah, even HDB is asking for Stainless Steel, and you are asking for Aluminium?"

I remember buying Premium grade petrol, because I believed it made my car faster. Now with these prices, I am just looking for the cheapest grade my car can take without knocking. Point-A-to-Point-B grade petrol will do, thank you very much.

It's not like Singapore cars are meant to last more than 10 years anyway.

And it's not like I can drive very fast these days too.

How to drive fast, I ask you? The Traffic Police are now armed with mobile cameras. There are jams caused by morning rush hour, evening rush hour, the endless road works, and the never-ending Circle Line works.

Paya Lebar is not even a road to me anymore. Every few weeks, I find that the road has changed. Detours and turns appear overnight. I don't think there is even a part of the Paya Lebar stretch that is straight right now.

I drive in a wavy manner to work every morning. I feel like I am in a computer game.

I have a theory why Microsoft did not do a map for Singapore in their Xbox driving game Project Gotham Racing 2.

That console game had detailed racing maps for Hong Kong, Japan, Europe and the United States, but none for Singapore. Why? Because gamers would never be able to race on a Singapore road.

Their virtual Aston Martins and Ferraris would be caught in a jam and they would be confused by the ever-changing road diversions.

And so what if your car is cheaper to buy? Would you be able to drive it anywhere without paying some kind of ERP fee in future?

They already made Orchard Road a separate ERP zone that lasts till the evening. Don't laugh, you, that guy staying in Punggol - your turn next.

I told my wife, so sorry, in future, our weekly date nights will take place anywhere but Orchard Road. I don't care how good the traffic gets there, I am not paying extra to drive into Orchard on a weekday evening to shop and dine there.

There is no such thing as a free lunch in Singapore. If the COE goes down, your costs will go up somewhere else.

Who knows, if the COE becomes too cheap, and we lose too much tax revenue, we may need to introduce the COE for the COE - Certificate of Entitlement to buy the Certificate of Entitlement.

So listen to me, don't go rushing out to buy a new car, thereby driving up COE prices again. It is very expensive to drive in Singapore; take more public transport.

If you need any more convincing, look for me. I will be at a car showroom with the other 500,000 Singaporeans, looking for a car that will run on Aluminium grade petrol.

mr brown is the accidental author of a popular website that has been documenting the dysfunctional side of Singapore life since 1997. He believes that Singapore will feature in the next instalment of the driving game, Project Gotham Traffic Jam.

 

Visit TODAYonline website at http://www.todayonline.com

 

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[Hitman]

..... I disagree

 

I want people to rush in and buy cars .... so that there will be many 2005 cars in 2007 for me to choose from

[Acemundo]

read for a laugh only lah.....i like his jokes.

[Sphink]

so funny and so realistics.......makes me feel like a fool without knowing it...