COE 2nd bidding February 2010

[Sleepy-T]

how much is the COE they quote u when u sign on the dotted line ?

[Majordan]

there is usually a rebate level.. e.g. drop below 15k they will rebate you x amount. check with SE

[Tazzi80]

The rebate level for my car now is 12k, he said when I top up 4k the rebate will be increase also, but the point is I won't expect COE to drop to 16k. 4k top up is unreasonable, This round COE only increased by ard $400 and they ask me top up 4k? Seriously there must be something seriously wrong with their pricing or they are just tryiing to take us as a carrot.

[Fattsum]

the way i see it.... it wil stay this level awhile and slowly go up again.

[Kar_lover]

Anyone know when the next bidding is going to take place? Is it on the 1st or 8th?

 

COE bidding is on Wed, so should be 3 Mar.

[Tazzi80]

COE bidding is on Wed, so should be 3 Mar.

 

kk, weird my SE told me its 2 weeks later. Anyway bidding always starts on Mon, except that the excitement will only comes on Wed closing time.

[Edminski]

I got my COE at 20340

 

why do u cry? u dont want to get the COE this round ar? not bad also right...

 

My SE sms me said that i didnt get my COE this round. I dont know if i should be happy or sad..

[Edminski]

COE bidding is on Wed, so should be 3 Mar.

 

its 2 weeks..the next round is on 10th March, follow by 24th March

[Heng51]

Correct me if i am wrong.

 

I think it would only benefit you if COE is $1 (so that your SE rebates you $11,999) say your COE rebate is capped at $12k. Then your monthly instalment will be low as the capital and interest charge will be correspondingly low. Govt biggest loser in this case at $1 revenue.

 

It would also benefit you if COE is much higher than $12,000 (in this case, $20,340) as your paper value of the car would be high. Next time you want to sell it, it could bring you more value. Biggest loser is your SE as the high COE eats into his margins.

 

The only successful bidded price that would be lousy for you is at $12k. You don't get rebates, you don't get a high paper value since the price with your SE is locked. Biggest loser is you as you don't get rebates and the paper value is low.

 

 

 

 

[Kar_lover]

has it been confirmed that the COE quota will be further cut in 2010? I keep hearing about it but can't find any official articles. I think the recent cut was already about 40% in 2009 right?

 

the thing is i have a car car now (3yrs new) - just itchy want to change only...

 

Yeah for those of us whose car is "about time to change" (of cos the time to change differs from person to person), this is a real dilema. If COE really go up to 40k+ we but now, we cut future loss (and not to mention our car will have good resale value). But yet, its not really time to buy now....sigh...

[Kar_lover]

Correct me if i am wrong.

 

I think it would only benefit you if COE is $1 (so that your SE rebates you $11,999) say your COE rebate is capped at $12k. Then your monthly instalment will be low as the capital and interest charge will be correspondingly low. Govt biggest loser in this case at $1 revenue.

 

It would also benefit you if COE is much higher than $12,000 (in this case, $20,340) as your paper value of the car would be high. Next time you want to sell it, it could bring you more value. Biggest loser is your SE as the high COE eats into his margins.

 

The only successful bidded price that would be lousy for you is at $12k. You don't get rebates, you don't get a high paper value since the price with your SE is locked. Biggest loser is you as you don't get rebates and the paper value is low.

 

Second para: if COE is very high, ur SE will simply stop bidding after reaching a certain amount as dictated by his company unless the T&C of ur purchase is a guaranteed bid. I had frens who booked car on 6 bid non-guaranteed. after waiting for 3 months still no COE, in the end no car and by that time car prices had risen so much dun wan to buy already.

 

 

[Heng51]

Point acknowledged. I also believe there is a cap in which the SE would adhere to based on the company's policy. What i am trying to illustrate is that if it goes beyond $12k, the higher it is the better for us, subjected to us getting the COE of course... hehe.

[Kar_lover]

Point acknowledged. I also believe there is a cap in which the SE would adhere to based on the company's policy. What i am trying to illustrate is that if it goes beyond $12k, the higher it is the better for us, subjected to us getting the COE of course... hehe.

 

Yep. When i bought my Fit, the COE was around $13k to $15k and the price offered to me was already $2k to $3k lower than all other PIs and it was one bid guaranted. In the end my COE $16.95k.

 

Usually a car dealer bids as a whole, i.e. they compile all the orders they have and start bidding (in a way they also bidding against themselves therefore nee to coordinate properly). For the small ones, the few SEs they have will spend the day monitoring/discussing the bids. For big companies they have a dept to take care of it. They unlikely to allow SE to do it on their own as it will affect the company's bottom line.