Richard_Peh 1st Gear February 8, 2012 Share February 8, 2012 COE Open Bidding Bidding will end on 08/02/2012 16:00 hrs Bidding status as at 08/02/2012 15:54:29.00 hrs Category Current COE Price ($) Quota Bids Received A CAR (1600CC & BELOW) & TAXI 52,600 619 1,035 B CAR (ABOVE 1600CC) 73,389 350 634 C GOODS VEHICLE & BUS 49,001 162 300 D MOTORCYCLE 1,801 412 483 E OPEN 72,000 312 394 Source: Land Transport Authority ↡ Advertisement Link to post Share on other sites More sharing options...
Mllcg 3rd Gear February 8, 2012 Share February 8, 2012 (edited) goods vehicles so low quota?! Edited February 8, 2012 by Mllcg Link to post Share on other sites More sharing options...
Timex1441 1st Gear February 8, 2012 Share February 8, 2012 COE Open Bidding FEBRUARY 2012 1st Open Bidding Exercise has ended on 08/02/2012 16:00 hrs Results are being finalised Bidding status as at 08/02/2012 16:00 hrs Category Current COE Price ($) Quota Bids Received A CAR (1600CC & BELOW) & TAXI 52,809 619 1,058 B CAR (ABOVE 1600CC) 73,890 350 635 C GOODS VEHICLE & BUS 49,801 162 307 D MOTORCYCLE 1,802 412 512 E OPEN 73,801 312 425 Link to post Share on other sites More sharing options...
SimonTan 2nd Gear February 8, 2012 Share February 8, 2012 All up. Where is the recession? Link to post Share on other sites More sharing options...
Richard_Peh 1st Gear February 8, 2012 Share February 8, 2012 COE Open Bidding FEBRUARY 2012 1st Open Bidding Exercise has ended on 08/02/2012 16:00 hrs Results are being finalised Bidding status as at 08/02/2012 16:00 hrs Category Current COE Price ($) Quota Bids Received A CAR (1600CC & BELOW) & TAXI 52,809 619 1,058 B CAR (ABOVE 1600CC) 73,890 350 635 C GOODS VEHICLE & BUS 49,801 162 307 D MOTORCYCLE 1,802 412 512 E OPEN 73,801 312 425 Source: Land Transport Authority End liao up up up... Link to post Share on other sites More sharing options...
13177 Supersonic February 8, 2012 Share February 8, 2012 Cat A is about $52K and Cat B is about $73K!!!! Link to post Share on other sites More sharing options...
Timex1441 1st Gear February 8, 2012 Share February 8, 2012 since June last year, the Cat A COE has been mostly above $50K or juz a little below that....is 50K the new bar? hmm..... Link to post Share on other sites More sharing options...
Steptronic Supercharged February 8, 2012 Share February 8, 2012 wah, if your prediction is correct, then jialat for me liao. I booked the car at $65,000 coe. last bidding $67,000 already unsuccessful. Did you get through yours? By the way which car did you book? Link to post Share on other sites More sharing options...
13177 Supersonic February 8, 2012 Share February 8, 2012 $52K? Even cost more than a small hatch car back in 2006! Link to post Share on other sites More sharing options...
Walterkoh Neutral Newbie February 8, 2012 Share February 8, 2012 since June last year, the Cat A COE has been mostly above $50K or juz a little below that....is 50K the new bar? hmm..... we have to accept that a normal 1.6L car will be around $100k region n a normal 2L car will be around $140k and above COE will not be low at least for the next 2 years :) Link to post Share on other sites More sharing options...
Richard_Peh 1st Gear February 8, 2012 Share February 8, 2012 Think 1994 history going to repeat itself cat a 60k++ & cat b 100k++ will be back tis year. My guess Link to post Share on other sites More sharing options...
Darryn Turbocharged February 8, 2012 Share February 8, 2012 Another $90 million for the govt!! Huat Ah And just a thought for you... Pretend you are buying a brand new 2.4 litre car with an OMVof $29,000 Your tax load over a 10 year lifespan is $121,300 Link to post Share on other sites More sharing options...
Pckwpckw Neutral Newbie February 8, 2012 Share February 8, 2012 How you know there will be $2 COE in 2015? Dont think expert got said le. If COE drop to $2 i think PAP also no more in parliament Link to post Share on other sites More sharing options...
Mllcg 3rd Gear February 8, 2012 Share February 8, 2012 (edited) Another $90 million for the govt!! Huat Ah And just a thought for you... Pretend you are buying a brand new 2.4 litre car with an OMVof $29,000 Your tax load over a 10 year lifespan is $121,300 300%? Edited February 8, 2012 by Mllcg Link to post Share on other sites More sharing options...
Timex1441 1st Gear February 8, 2012 Share February 8, 2012 Another $90 million for the govt!! Huat Ah And just a thought for you... Pretend you are buying a brand new 2.4 litre car with an OMVof $29,000 Your tax load over a 10 year lifespan is $121,300 You got the idea right, man. Even tho sg income tax rate appears low, if u own a car, u r effectively taxed more thru the car ownership....so the actual income tax rate is easily 10% or more. Link to post Share on other sites More sharing options...
Darryn Turbocharged February 8, 2012 Share February 8, 2012 You got the idea right, man. Even tho sg income tax rate appears low, if u own a car, u r effectively taxed more thru the car ownership....so the actual income tax rate is easily 10% or more. The car alone is 12% if you are earning $100k Then you have GST Petrol for the car is taxed at over 50% HUAT AH!! No wonder the SG gubermint so bery bery lich Link to post Share on other sites More sharing options...
Beng2 5th Gear February 8, 2012 Share February 8, 2012 You got the idea right, man. Even tho sg income tax rate appears low, if u own a car, u r effectively taxed more thru the car ownership....so the actual income tax rate is easily 10% or more. Income tax is compulsory, buying a car is not. If you choose to pay 10% tax, don't blame the gahmen. Also, someone who earns $500k taxable income will pay less tax on the car in terms of percentage of salary if he buys the same car as someone who earns $100k taxable income. Link to post Share on other sites More sharing options...
Walterkoh Neutral Newbie February 8, 2012 Share February 8, 2012 The car alone is 12% if you are earning $100k Then you have GST Petrol for the car is taxed at over 50% HUAT AH!! No wonder the SG gubermint so bery bery lich how did u arrive at 12%? ↡ Advertisement Link to post Share on other sites More sharing options...
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