Should COE cert follow the owner, not the car?

[GLZT]

Kiatemail said "Any addition should be tax heavily", didn't say definitely cannot. In your scenario, they are "rich and successful", so they can afford to pay more or even live in different houses.

 

Social values are very hard to be measured, what I state is just one scenario. I think the best way is still 30% or more downpayment with max of 5-7years. People that can't afford will be protected from carrying this liability, they will also work harder to be save and try to afford the car they want(boosting economy). The rich are not affected as this policy won't even instill them to purchase more vehicles.

[Celicar]

From what i see, usually those household who owns more than 1 car are mostly quite well to do, so it will be back to the same arguement of the rich pushing up the price cos they can afford it. If they really want to control .. why not make it .. COE is not refundable when u selling ur car, like a one time payment and u can drive the car as long as the car can operate. Or dealers shld not be allow to bid for COE. They just sell cars, buyer will bid their own COE on their own after they booked a car. This will clearly show the demand and supply situation.

 

It is not really "the rich pushing up the price" because firstly it is the dealers who are doing the bidding as you pointed out and secondly the situation now is a function of the COE supply, which has no direct link to what the rich is doing.

 

But I believe those who voluntarily enter the market for a second or more car should be differentiated from those who are buying the first car of the household.

[KARTer]

then those who have car now will forever be a car owners. Those with no car now forever no need to buy car. Do you think it's logical?

Not necessarily so my friend:- COE prices go up and down (look at history and you will see this), buy a car when the COE is ok with you and keep the COE (not forever, it only lasts 10 years) regardless prices go up or down after that.

 

There's always the first step to take. Some current car owners have bought their cars when COE was high, some have bought it cheap. COE prices are like shares, they go up and down.

 

At the moment COE cert follows the car, when you buy the car with low COE values, you think the dealer/seller will sell the car to you at low price?

[KARTer]

Frankly... many disagree to even have the "COE" .... Why do we have to pay for a certificate to own a car since we already paying the road tax...???

Spot on!!! (but COE is a 'smart / sacre' scheme none of us can question).

I suspect LTA delibrately make life difficult for normal income ppl to own his car. Whether the scheme is effective in reducing traffic jams in a fair way to ordinary salary earners is quite questionable.

Edited December 9, 2010 by KARTer

[MX5NC2]

If the purpose of the current COE scheme is to control car population, we can make the COE cert follow the owner instead of the car and still achieve this purpose, yes/no?

Theoretically an easy thing to achieve. But until the moon turns blue (read: PAP no longer in power), don't even think about it. The money needs to immediately go back to the coffers. not the people - remember that. Buying a car in SG is a vicious cycle for individuals.

[KARTer]

u have this idea is because COE is currently on the uptrend..

but what abt when COE is on the downtrend? u will like it to follow the car instead of the owner.

 

the problem with COE follow owner was that there maybe a lot of car without COE in the scrapyard or 2nd hand resellers cause i think we like to change car quite often.. either due to backside itchy or due to car giving owner big headache.

 

from the environmental point of view, this will be a waste. Of course this is the planet problem... not ours.

 

[Kb27]

.......... (of course, lta's revenue thru COE may be affected, but their problems is theirs, not ours)

If it affects LTA revenue, there's no point in this thread, but just a waste of time.

[KARTer]

u have this idea is because COE is currently on the uptrend..

but what abt when COE is on the downtrend? u will like it to follow the car instead of the owner.

 

the problem with COE follow owner was that there maybe a lot of car without COE in the scrapyard or 2nd hand resellers cause i think we like to change car quite often.. either due to backside itchy or due to car giving owner big headache.

 

from the environmental point of view, this will be a waste. Of course this is the planet problem... not ours.

Used cars can be 'exported' and will not be a waste although not all models have export market/potential.

We can keep our COE for the car we want to change to.

If the COE is on the down trend, I will terminate the current COE, get the refund, bid for a new (cheaper) COE for my next car....

[Nf0rc3r]

BALLOT. WHY MUST PAY.

 

Anyway I still maintain ppl should be forced to bid for themselves.

Dealers bid higher prices cos they EARN MONEY when they manage to secure the COE.

Its like letting someone gamble with someone else's money.

 

SHOULD BE COMPULSARY TO BID UR OWN COE!

Edited December 9, 2010 by Nf0rc3r

[Galantspeedz]

BALLOT. WHY MUST PAY.

 

Anyway I still maintain ppl should be forced to bid for themselves.

Dealers bid higher prices cos they EARN MONEY when they manage to secure the COE.

Its like letting someone gamble with someone else's money.

 

SHOULD BE COMPULSARY TO BID UR OWN COE!

 

erm.... because you need a deposit of 10k payable to LTA... if you dun get the bid then it be refundable to you.....

 

alot of people dun have this 10k spare to park with LTA.......

[KARTer]

I would feel one household shld be allowed to have 1 car. Any addition should be tax heavily. This way is a much more effective way to control cars on road.

Agree!

Make one-car-per-household the policy so that every family who can afford it will have one car. Additional car(s) will be subject to heavy tax etc. It's like providing affordable basic eduction / healthcare to as many citizens as possible. Those who prefer private / overseas schools / hospitals, they can have it if they are willing to pay more.

[Galantspeedz]

all talk until sibei kiang......... but talk only... no need money mah.... knn

 

personally, i think =someone is playing the market

[KARTer]

I share your sentiment. And how about those car owner who wants to give up driving completely? They have to return it to gov or sell in the open market? It just doesn't make any sense at all.

Sell the COE (to lta or buyers) and keep the money, not a problem, right?

[KARTer]

then you need to pay a 60k COE when you buy 2nd hand car lor

Yup.... as I said in earlier posts, buyer who wants a second car, pay more if he's keeping his COE for his first car ie he wants to own two cars at the same time.

[Darthrevan]

Social values are very hard to be measured, what I state is just one scenario. I think the best way is still 30% or more downpayment with max of 5-7years. People that can't afford will be protected from carrying this liability, they will also work harder to be save and try to afford the car they want(boosting economy). The rich are not affected as this policy won't even instill them to purchase more vehicles.

 

i agree with 30% downpayment..its actually good to prevent people from getting into debts when they clearly couldn't afford it..prevention is better than cure

[KARTer]

yet another brainless and shallow minded soul hoping for the system to tailor suit for his benefits and nothing else.

Not exactly my friend. If COE prices drop, I will have to live with my existing, more expensive COE when I use the same COE to change car. So it's not always a benefit. I am sure you can see this but chose to shoot from your hips.

(Of course I am shallow minded, that's why I replied your post which shows the same)

[Eyke]

alot of people dun have this 10k spare to park with LTA.......

 

better still, no money dun buy car to put urself into more debt!

 

[Nightkids]

Frankly... many disagree to even have the "COE" .... Why do we have to pay for a certificate to own a car since we already paying the road tax...???

 

 

JUZ ANOTHER LAME REASON TO SQUEEZE YOU DRY