Time for new policy

[Galantspeedz]

Ok..tell me how does it work...

 

say quota is 100 car........and 100 people bid.

 

I bid $1. The 2nd guy bid $2, 3rd guy $3 and the 100th guy bidded $100.

 

So will I get it at $1 or at $100?

 

Also when can I get back the deposit?

 

$1.

 

as to how long you get back the deposit.. i not sure, it should be less than 1 week.....

 

if the quota is 100 bids... they will take the 100 highest bid as reference and the COE amount will be the lowest amount of these 100 bids

Edited December 13, 2010 by Galantspeedz

[Yeshe]

do u actually think the goerment will let u do this,

I'm suprise of u

 

tats the key issue, this thread is to let people ponder, beyond COE, but rather why gov wont implement it

[Yeshe]

Ok..if I set it at $1. Will I get it?

 

u will get it provided the number of bidders is lesser than the allocated COE quota

[Yeshe]

i agree but when 0% downpayment and 100% loan was implemented. It was to boost the economy which was under recession at that time.

 

I agree we can implement new rules now but any effect will only be seen earliest 5-6yrs later cuz those that bought during that time will continue to drive till at least end of COE

 

or should we say tat it will not be implemented becos we cant kill a fat cow?

[Luckcent]

Tell it to the 66.6% of Sporeans who gave them the power................

[Yeshe]

Actually, why even bother to bid so troublesome? Just fix the price of COE at a certain amt subject to monthly or bimonthly review.

 

Then don't need so troublesome to have Cat A B etc.... All Open Cat. Set at 100-200K or more if necessary. Then confirm can control car population. It will also make our road nicer as it will be filled with MErcs, BMWs, Audi and other luxury brands (since only rich can afford them).

 

Get rid of motorbikes as well since they will never pay 100K COE for a motorbike unless its a Harley or something.....

 

I don't believe in all these so-called market forces behind COE bidding. All these COE prices are all controlled one.

 

u fixed the price on the COE, then now the question is, WHO gets it and WHO dont?

[Galantspeedz]

u fixed the price on the COE, then now the question is, WHO gets it and WHO dont?

 

bidding like HDB lor

 

1000 coe but 50k people bid... each pay $10 to bid.... also got $500k per COE bidding.. not bad hor

 

and you bother reply mini-itx... lol

Edited December 13, 2010 by Galantspeedz

[Galantspeedz]

or should we say tat it will not be implemented becos we cant kill a fat cow?

 

actually i dun think it as a fat cow.... it was used to stimulate the economy at that point in time... this is my personal opinion

[Yeshe]

bidding like HDB lor

 

1000 coe but 50k people bid... each pay $10 to bid.... also got $500k per COE bidding.. not bad hor

 

and you bother reply mini-itx... lol

 

u mean balloting lah?

 

[Yeshe]

actually i dun think it as a fat cow.... it was used to stimulate the economy at that point in time... this is my personal opinion

 

still need to stimulate the economy after the mkt pick up last 2 yrs?

[Nf0rc3r]

I remembered this has been discussed previously. With the COE surging north fast n furious, I think its time to ban ADs from bidding COE on behalf of the buyers. Instead I feel that buyers should bid their own COEs and ADs just sell the cars without COE. That way the car price is more transparent and COE will be more controlled since there will not be frenzy bidding due to hunger for sales.

 

what do u think?

 

I totally agree with this. Bidding with someone else's money definately drives up the price.

On top of that they r bidding to EARN money.

 

If buyers have to bid themselves then they r bidding to SPEND money and its THEIR OWN money.

I bet we will see COE coming down.

[Nf0rc3r]

aiyo i say before liao...... currently, individual buyers are already allowed to bid for COE themselves.

 

But to bid a COE, you got to put a $10k deposit with LTA.

 

Just tell AD or PI that you want to bid your own COE and they will give you the list price of the car only.

 

U missed TS's point totally. He doesn't want to bid his own COE. He want's AD to not be allowed to bid on behalf.

[Zze121]

Just bid n wait for result wat so difficult? AD can come out 10k wat so difficult? ALL $$ ONLY

[Galantspeedz]

still need to stimulate the economy after the mkt pick up last 2 yrs?

 

dun need that is why this 0% thingy for past 2 yrs has been waning liao... you dun see 0% anymore.....

 

but like i say.. effect only can see 5-6yrs later.....

[Galantspeedz]

U missed TS's point totally. He doesn't want to bid his own COE. He want's AD to not be allowed to bid on behalf.

 

then this one lagi best.... so only those that know how to bid COE can bid COE?

 

then soon instead of AD.. you will see 'middle man' come into picture again....

[Yeshe]

then this one lagi best.... so only those that know how to bid COE can bid COE?

 

then soon instead of AD.. you will see 'middle man' come into picture again....

 

heard of, when people become desperate, dont know also will become know one [laugh]

[Bismarck]

its a bit of a hassle, but becos of these ADs, we are seeing the COE prices at the current levels.

and seriously, u can just place your bid price in the system. if u kena, the COE price is the lowest bid of the secured bids, not the price u entered. The other good thing is that COE bidding have to have CASH so eliminate another problem of no $$ wanna buy car syndrome

 

I support your view. Not because I think individual bidding will lowered the price(coz I think it could go either way) but to eliminate those who have no money still wanna buy car group. COE has to be in cash. In fact, we can start by changing the rules and state that COE amount has to be paid in cash. COE can be the equivalent of COV for HDB flat, only cash payment. For those who are lazy or feel it is troublesome to bid yourself, there is always the used car available for you to buy.

 

For commercial category, only company which intend to buy vehicle for business purpose can bid for COE.

Edited December 13, 2010 by Bismarck

[Crazecow]

u fixed the price on the COE, then now the question is, WHO gets it and WHO dont?

 

Everyone who can pay that amt gets it. Don't need to limit numbers.

 

Then car can loan $$$ but COE must pay in full. COE cannot be counted as part of car loan. If you have 100-200K cash, by all means go ahead and buy the car of your choice.

 

If gahment thinks COE demand is too hot, can always double or triple the amount. Afterall, we have world class public transport and everyone is encourage to use public transport rather than driving. Thus if most of the citizens can't afford to buy cars, they will confirm take public transport.

 

Cars are only meant for the rich. Not the poor....... Then no more jams as well and our roads filled with luxury cars..... What a beautiful sight.....