COE solutions??

[Aventador]

there is...

 

there are cars that costs <3k for the lower bracket.

 

everyone still has equal chance to own a car weather u earn 1k/mth or 100k/mth.

 

The statement 'everyone has a chance' is different from 'everyone has equal chance'

 

Even in USA where you can buy a car for a few hundred bucks, (Heck foreign students graduating are even giving their used cars free to newbies. ) There are still people there who cannot afford to own a car.

 

Yes there really are poor people out there in the world for whom spending $100 is a big thing. And I am referring to the USA not Ethopia.

 

No country can give you an equal chance at anything.

 

Singapore will have NO way realistically to give all citizens an equal chance at owning a car, (nor should it, as it is a luxury in Singapore with respect to our short distances travelled)

 

No matter how you control loans, bidding methods, shape of the $1 coin etc...

 

Even the pure equalizer, random lottery of COE allocation will not achieve equality because the rich will just pay to use other people's name in the lottery. (car insurance is 'any driver' coverage)

 

Life is unfair, live with it. A candlelight vigil with the patron saint Chee Soon Juan won't change this fact.

Edited January 12, 2013 by Aventador

[Maseratigood]

The statement 'everyone has a chance' is different from 'everyone has equal chance'

 

Even in USA where you can buy a car for a few hundred bucks, (Heck foreign students graduating are even giving their used cars free to newbies. ) There are still people there who cannot afford to own a car.

 

Yes there really are poor people out there in the world for whom spending $100 is a big thing. And I am referring to the USA not Ethopia.

 

No country can give you an equal chance at anything.

 

Singapore will have NO way realistically to give all citizens an equal chance at owning a car, (nor should it, as it is a luxury in Singapore with respect to our short distances travelled)

 

No matter how you control loans, bidding methods, shape of the $1 coin etc...

 

Even the pure equalizer, random lottery of COE allocation will not achieve equality because the rich will just pay to use other people's name in the lottery. (car insurance is 'any driver' coverage)

 

Life is unfair, live with it. A candlelight vigil with the patron saint Chee Soon Juan won't change this fact.

 

no doubt life is never fair, but it doesnt mean we should devise something to make it worse, or more unfair.... no offence...

 

take a look at places like china or india etc, the gaps have grown wider and wider

 

[Aventador]

no doubt life is never fair, but it doesnt mean we should devise something to make it worse, or more unfair.... no offence...

 

take a look at places like china or india etc, the gaps have grown wider and wider

 

Let's look at the big picture instead of focussing on the individual. This device (the COE) IS necessary. It was devised to keep the roads free flowing, that's all. And it is the absolute most effective way.

 

We cannot say since COEs make life more unfair , we should forget about it and just let the roads congest.

 

And the income gap in the whole world has grown wider. Perhaps Mars is a fresh start for humanity?

Edited January 12, 2013 by Aventador

[Aventador]

And I have to say this, in my grandfather and fathers generation, they never bitched about not being able to own a car.

Back then only the really rich owned a car and the rest walked or took a bus.

 

My father walked to school everyday.

 

And when they saw there were many things they could not afford , they never bitched about it. They worked hard and saved , and bought things that they wanted eventually.

 

But the under 40s nowadays want everything NOW. They want the car but are not willing to give up the holiday trips, or the 5 room flat/condo.

 

Perhaps in the maternity ward, someone told them 'it's your singaporean birthright to own a car, condo and go on 2 holiday trips a year, regardless of your age and income level.'

 

The older generation really were more resilient and realistic.

[Moadia]

Get rid of the Garmen and most of the problem will be solved.. this is one of their main revernue of income..

[Angcheek]

Get rid of the Garmen and most of the problem will be solved.. this is one of their main revernue of income..

 

Wish it was that simple

 

I would say depend on the one running LT@. if he is wise, all benefit. If he is just a puppet, then all suffer.

 

 

[Nguyenht]

Let me give out a scenario...

 

Government limits the amount of new cars allowed on the road (as is the case) and they cap they COE price at say $30K.

 

More people can afford the cars so more go to try and buy one. But the supply of COE is fixed by the government, so there is now much higher demand than supply.

 

What happens? People will start offering price above COE in order to secure. Then you have an after market of COEs and a "premium" above COE. Who collects this additional cash? Dealers and speculators. Normal people will still have to pay more.

Edited January 13, 2013 by Nguyenht

[Wt_know]

property so many cooling measures ... coe at least try 1 measure ...

 

STOP DEALER FROM BIDDING COE !!!

 

it's the dealer that "decide" the coe price ... you walk into a showroom ... dealer tell you this car is priced at $250K ... $100K earmark for coe ... did the dealer ask you $100K coe ok? no, they already price in

and they won't sell you the car without coe or give you a car price without coe that you runaway immediately

if dealer can decide the coe price even before selling the car, buyer will LL has to take it because there is no other practical way for buyer to get a car without coe

so all buyers LL has to follow dealer price ... be it $90k $100k or $150k coe

yes, you may said if buyer can afford it means they can pay it but ... it's not fair when the price is not your willing price but all dealers in singapore that decide the price

if coe $100k is all bidded by individual then it's fair because they the car owner has no "motivation" to bid high coe to push car out showroom or hit sales quota

some owner still can give proxy to dealer to bid coe ... like aunty who don't know how to bid or richie who don't even care about coe

all dealer must price their car without coe ... this is the best solution

individual who bidded coe cannot pay coe will forfiet the $10k minimum -> same with current procedure for individual bidding right?

 

What happens? People will start offering price above COE in order to secure. Then you have an after market of COEs and a "premium" above COE. Who collects this additional cash? Dealers and speculators. Normal people will still have to pay more.

Edited January 13, 2013 by Wt_know

[Dragonfly1]

The problem today is bank happy with 100% loans and low interest rate, this is another bubbles, imaging that on housing property.....

Than again the gov is making so much $$$$$$$ on this piece of worthless paper, why change??????

[Cerano]

And I have to say this, in my grandfather and fathers generation, they never bitched about not being able to own a car.

Back then only the really rich owned a car and the rest walked or took a bus.

 

My father walked to school everyday.

 

And when they saw there were many things they could not afford , they never bitched about it. They worked hard and saved , and bought things that they wanted eventually.

 

But the under 40s nowadays want everything NOW. They want the car but are not willing to give up the holiday trips, or the 5 room flat/condo.

 

Perhaps in the maternity ward, someone told them 'it's your singaporean birthright to own a car, condo and go on 2 holiday trips a year, regardless of your age and income level.'

 

The older generation really were more resilient and realistic.

 

This is a silly way of thinking. Just because the older generation suffered doesnt mean we have to.

 

I dont think a condo or holidays are a given but reasonable transport ability either through cheaper taxis/more reliable public transport or cheaper private transport

[Thaiyotakamli]

Get rid of the Garmen and most of the problem will be solved.. this is one of their main revernue of income..

FOR THIS ONE EVERYONE HAS AN EQUAL CHANCE

[Thaiyotakamli]

Let me give out a scenario...

 

Government limits the amount of new cars allowed on the road (as is the case) and they cap they COE price at say $30K.

 

More people can afford the cars so more go to try and buy one. But the supply of COE is fixed by the government, so there is now much higher demand than supply.

 

What happens? People will start offering price above COE in order to secure. Then you have an after market of COEs and a "premium" above COE. Who collects this additional cash? Dealers and speculators. Normal people will still have to pay more.

thats why create another rule, a person cant have 2 cars registered under his name.

[Audi655]

for the past few months, at every bidding the govt generated $100 million . The last bidding generated even more. Having such a healthy and reliable cash cow effortlessly, are we in the right mind to expect the govt to kill this cow.

[Angcheek]

thats why create another rule, a person cant have 2 cars registered under his name.

 

Thats one good way. But he/she may buy under family member name.

 

Probably some rule to tie to home address. e.g. Additional car required additional tax ?

Edited January 13, 2013 by Angcheek

[Angcheek]

for the past few months, at every bidding the govt generated $100 million . The last bidding generated even more. Having such a healthy and reliable cash cow effortlessly, are we in the right mind to expect the govt to kill this cow.

 

in a way true there is no good motivation for them to change.

 

its monopolised. I hope they are not expecting to suck out $1b from the COE

 

to cover the SMRT upgrade

 

 

 

[Civic3106]

Apply CM7 to buying of cars and problem solve.

[Thaiyotakamli]

Thats one good way. But he/she may buy under family member name.

 

Probably some rule to tie to home address. e.g. Additional car required additional tax ?

He may have more home but if name, i dont think he will be able to buy more as at least one name entitled to one car which restrict of owning more car.

 

even if he can registered under family member name, it will only be limited up to the number of family he has.

 

or ur suggestion of additional tax is good. 1st car 0% tax, 2nd car 20% tax 3rd and above will be 40%.

[Angcheek]

property so many cooling measures ... coe at least try 1 measure ...

 

STOP DEALER FROM BIDDING COE !!!

 

it's the dealer that "decide" the coe price ... you walk into a showroom ... dealer tell you this car is priced at $250K ... $100K earmark for coe ... did the dealer ask you $100K coe ok? no, they already price in

and they won't sell you the car without coe or give you a car price without coe that you runaway immediately

if dealer can decide the coe price even before selling the car, buyer will LL has to take it because there is no other practical way for buyer to get a car without coe

so all buyers LL has to follow dealer price ... be it $90k $100k or $150k coe

yes, you may said if buyer can afford it means they can pay it but ... it's not fair when the price is not your willing price but all dealers in singapore that decide the price

if coe $100k is all bidded by individual then it's fair because they the car owner has no "motivation" to bid high coe to push car out showroom or hit sales quota

some owner still can give proxy to dealer to bid coe ... like aunty who don't know how to bid or richie who don't even care about coe

all dealer must price their car without coe ... this is the best solution

individual who bidded coe cannot pay coe will forfiet the $10k minimum -> same with current procedure for individual bidding right?

 

What happens? People will start offering price above COE in order to secure. Then you have an after market of COEs and a "premium" above COE. Who collects this additional cash? Dealers and speculators. Normal people will still have to pay more.

 

I feel that as long as there is a bidding system, the rich will have advantages.