Gusruh Clutched January 12, 2011 Share January 12, 2011 Correction: China just implemented COE system in Beijing from this month!! I wonder how their COE system is like. ↡ Advertisement Link to post Share on other sites More sharing options...
Itsec 2nd Gear January 12, 2011 Share January 12, 2011 1. Get those who sucessfully bid the COE pay the amount they bid, instead of based on lowest of the bid amount. See whether AD dare to anyhow bid or not? 2. Taxi COE should be based on the enginer capacity also, if want to use big car for taxi, bid for Cat B 3. Bring back the min 30% down payment and max 7 years loan bring back option 3 is more than enough to 'kill' many buyers... Link to post Share on other sites More sharing options...
Itsec 2nd Gear January 12, 2011 Share January 12, 2011 I wonder how their COE system is like. shall be similar system like us lor... as always... shake leg...print a cert...collect $$$ Link to post Share on other sites More sharing options...
Rayleigh 6th Gear January 12, 2011 Share January 12, 2011 shall be similar system like us lor... as always... shake leg...print a cert...collect $$$ Should be similar to us cos ours is "world first" leh Link to post Share on other sites More sharing options...
Vooth 2nd Gear January 12, 2011 Share January 12, 2011 I don't think that will be very much different from today. The high COE prices of today are prices which people are actually paying anyway. I agree people will indeed be more careful in their bids, but if they are too conservative, they simply won't get the COE. It's still very much in the favour of rich buyers... It depends. If buyers are forced to bid on and finance the coe on their own, they might be more rational, compared with what the ADs are doing currently, simply looking after their own bottomline...at the very least, they don't get to benefit over the car buyers Link to post Share on other sites More sharing options...
Itsec 2nd Gear January 12, 2011 Share January 12, 2011 It depends. If buyers are forced to bid on and finance the coe on their own, they might be more rational, compared with what the ADs are doing currently, simply looking after their own bottomline...at the very least, they don't get to benefit over the car buyers elimate those who buy for the sake of buying.. is like u have... he have.. i also want to have.... throw a coin to the dealer... sign off and walk away with a 10 year debt.... Link to post Share on other sites More sharing options...
Civic3106 1st Gear January 12, 2011 Share January 12, 2011 hmmm... i still think that COE pegged with OMV is a better idea.... This is by far the best idea but too bad nobody is listening. Link to post Share on other sites More sharing options...
Civic3106 1st Gear January 12, 2011 Share January 12, 2011 shall be similar system like us lor... as always... shake leg...print a cert...collect $$$ Thought China COE is by balloting or luck draw but hor got to wait long long. Link to post Share on other sites More sharing options...
Itsec 2nd Gear January 12, 2011 Share January 12, 2011 Thought China COE is by balloting or luck draw but hor got to wait long long. not sure.. but it's just another plot Link to post Share on other sites More sharing options...
Unfair 3rd Gear January 12, 2011 Share January 12, 2011 Thought China COE is by balloting or luck draw but hor got to wait long long. China is 200k applications balloting for 20k COEs. But... The no.1 point here is no $$$ involved in their COE Link to post Share on other sites More sharing options...
Aimnfire 4th Gear January 12, 2011 Share January 12, 2011 the key word here is imporve COE system the question here is for whom? Link to post Share on other sites More sharing options...
Voxy28 3rd Gear January 12, 2011 Author Share January 12, 2011 This is by far the best idea but too bad nobody is listening. Why is it the best option? If buyers are force to submit their own bid, they will rationalise what depreciation they will want to pay for COE. AD just package the car base on omv + margin. In this system, the total cost of ownership is predictable whereas if AD does the bidding, the results are skewed bec it is bidding to clear stock at the expense of buyer. Buyer should only be able to purchase a new car when they own a COE. THey can then go and shop for car and negotiate to get the best deal.... no more hidden COE factor which is a gamble everytime you buy a car. A good example are those F10 owners who paid 220k for a OMV38k and COE 40k car. If the buyer has a valid COE before hand and knows that the omv is 38k, he may freaking walk to Merc and book the new E-class at OMV 52k. But during the purchase period, the buyer booked in advance for the car with OMV + COE expecting the OMV to be 50k+ and it turn out only a miserable 38k. If walk away, your 10k is gone.... so what u do? Lan Lan! Link to post Share on other sites More sharing options...
Voxy28 3rd Gear January 12, 2011 Author Share January 12, 2011 the key word here is imporve COE system the question here is for whom? Of course to save their life... and make profit lah. MTA is still around bec of the ADs and used car dealers.... I will only support any changes if the whole system of buying cars become 100% transparent to buyer and seller. Link to post Share on other sites More sharing options...
JaydenSTI 1st Gear January 12, 2011 Share January 12, 2011 Why is it the best option? If buyers are force to submit their own bid, they will rationalise what depreciation they will want to pay for COE. AD just package the car base on omv + margin. In this system, the total cost of ownership is predictable whereas if AD does the bidding, the results are skewed bec it is bidding to clear stock at the expense of buyer. Buyer should only be able to purchase a new car when they own a COE. THey can then go and shop for car and negotiate to get the best deal.... no more hidden COE factor which is a gamble everytime you buy a car. A good example are those F10 owners who paid 220k for a OMV38k and COE 40k car. If the buyer has a valid COE before hand and knows that the omv is 38k, he may freaking walk to Merc and book the new E-class at OMV 52k. But during the purchase period, the buyer booked in advance for the car with OMV + COE expecting the OMV to be 50k+ and it turn out only a miserable 38k. If walk away, your 10k is gone.... so what u do? Lan Lan! bro, i think u misunderstood my point, i did not mean that buyer have to bid for their own COE, dealer can still do the bidding. Just that rather than having categorized by the engine capacity, the COE categories to base on the OMV.... i have a similar tread in MCF but was bombed down by many ppl..... http://www.mycarforum.com/index.php?showto...2658424&hl= dear bro civic, thanks for ur support, finally.... [bigcry] Link to post Share on other sites More sharing options...
Voxy28 3rd Gear January 12, 2011 Author Share January 12, 2011 Just to add, one COE to one IC. This prevents the rich from bidding numerous COE and also prevent a grey market for it. This system prevents AD from trading COEs. MTA will not support bec motor traders will lose more margins. Link to post Share on other sites More sharing options...
KARTer 2nd Gear January 12, 2011 Share January 12, 2011 (edited) I agree with the bid your own coe suggestion, it's about time they stop profiteering from this source. Let each car buyer bid for their own and to penalise those rich buyers who will not hesitate to put in high bids, successful bidders will pay at the prevailing coe price or the price they bid, whichever is higher... Yes, this way bidders will not likely to bid too high knowing that (as in the current system) they dont have to pay what they bid but only pay the lowest winning bid and this pushes COE prices higher than it should be. Also, ban AD/PI from bidding for buyers and they should be transparent with the breakdown of the cost components in the selling price. Current system allows AD/PI profiteer at the expense of car buyers. Edited January 12, 2011 by KARTer Link to post Share on other sites More sharing options...
Pixel18 1st Gear January 12, 2011 Share January 12, 2011 How come MTA did not question if COE is still relevant in today's context? Minor tweaking of the system is but cosmetic....sigh Link to post Share on other sites More sharing options...
Pelican 1st Gear January 12, 2011 Share January 12, 2011 (edited) anything involves the element of auction bring in lots of $. anything can bring in lots of $, singapore govt will happily want. COE bidding changed from hidden bid to open bid, the purpose is to push the bid price higher. see their profit mindset. they will not fixed a COE rate or peg to something result to lower revenue, $ is just too good. They dont want to lose their bonus. what we can hope is policy that will prevent COE from rising wildly. such as preventing commercial company (eg taxi) to bid with normal user. they got the $ and profit motivated, which the taxi companies should fight among themselves. Edited January 12, 2011 by Pelican ↡ Advertisement Link to post Share on other sites More sharing options...
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