COE Supply Drop!!!

[Ahyoo2002]

hehe, then I buy in July loh. No problem for 2% GST increased

[Ahyoo2002]

then next year we all jialuk jialuk

[Ahyoo2002]

oh, what I try to say is since 5 years agom the growth rate is at 3% each year so no way go back to car population of 5 years ago.

 

But I do believe that from next year onwards, either 3% is reduced or some measure will be use.

[Quantum]

127,021 COEs available for May 2007 to April 2008, compared with 139,647 the previous year

Absolutely good news man , and experts predict COE might rise up to $18k to $20k

our existing cars will be valued up, and forget about to change car liao in comming 2 to 3 years

Edited March 10, 2007 by Quantum

[Unic]

if the experts are so good in prediction, they no need to work already, every week predict 4D, Toto and big sweeps.

[Porche]

lots of ppl stuck with old cars...the next good yer will be 2009 - 2011 when a lot of of COE cars say bye bye

[Cheekg98]

car showroom looks empty today ...

[Vit4wd]

Empty? Which showroom did you go to? Leng Kee or Ubi?

 

Morning or afternoon?

 

I saw a crowd this afternoon!

[Apollo]

actuall gst has negligible effect on the car sales.

 

most of the components, eg omv does not carry gst.

[Ahyoo2002]

hehe, to me those expert are likely trying to lure you into buying

[Ahyoo2002]

empty or crowded ???

[Ahyoo2002]

I know that GST increase is very minimal effect to car price.

 

But then they are a lot of ignorance buyers out there who will be con into believing that GST apply to whole car price, so let them buy and I wait till GST increase then I buy loh.

[Cheekg98]

quiet ...

[Cheekg98]

worst thing is some reporters wrote pple rushing to buy car b4 GST hike ... mislead readers

[Ahyoo2002]

NVM for me, I think I will wait, MAzda increase price by $4k

[Ahyoo2002]

yah, not only car salesman, I saw some reporters wrote pple rushing to buy car b4 GST hike, how can they reported something that they do not understand

[Quantum]

wonder why GST increase is very minimal effect to car price?

Thanks

[Ahyoo2002]

Hi,

 

From LTA website:

http://www.onemotoring.com.sg/publish/onem...e/car_cost.html

 

Under GST:

Goods & Services Tax (GST)

GST is approximately 5% (with effect from 1 Jan 2004) of the Custom Duty and OMV.

[/color]

So take a car with $15K OMV, the increase of car price due to increase of GST by 2% will be

=$15K x 1.2 (Custome Duty is 20% of OMV) x 0.02 (increase of GST by 2%)

= $360.

 

Is $360 a lot compare to COE price or to the entire car price??

 

GST is never apply to the entire car price !

Edited March 11, 2007 by Ahyoo2002