How low will COE go?

[Sk65]

just a wild thought,

 

which i will put in $10,001 bid next week.

 

i believe scrapping gets back a good protion of the PARF and COE-unused portion.

(my COE is more than 50K level, so you can guess when it was obtained)

 

(1)

if i get the bid at $1, i cannot transfer to current car right?

 

(2)

scarp gets me more $ or selling to AD/2nd gets me more $?

 

(3)

if COE drop, sell to 2nd hand car dealer confirm drop

i think timing is important.

eg: sell first, bid for a few times then buy again. (40-50% down... later then say)

 

can any experts advise if my thinking is logical?

 

Thanks in advance.

 

 

 

[JJ_JJ]

This is another way of leveraging, though its a very risky one.

 

How high can you sell your car now? Do some actual ground survey on that will help to determine your risk level.

[Roh96]

Let me add option 4 for u.

 

Option 4) Don't do anything, keep driving your car and don't look back. Wait till your car reach 5 yr mark then decide what u want to do next.

[Soya]

i tink ur option shld be to save ur time and $$ trying to hope for a $1 COE.......

[Chucky2007]

i tink ur option shld be to save ur time and $$ trying to hope for a $1 COE.......

Maybe really become $1...

[ChickenMob]

i don't think so, if 1 dollar all the cars will be pushed in for COE renewal in advance then the same problems comes back again.

the roads will be flooded with old cars for the next 10yrs.

 

Even if the COE drops will only benefit the rich with cash on hand to buy cars, a few of my cash-rich friends are already waiting for it to drop before

purchasing the next car. haiz.

[Simplecar]

I would just drive the current car and not look back.

[Mockngbrd]

i don't think so, if 1 dollar all the cars will be pushed in for COE renewal in advance then the same problems comes back again.

the roads will be flooded with old cars for the next 10yrs.

 

Even if the COE drops will only benefit the rich with cash on hand to buy cars, a few of my cash-rich friends are already waiting for it to drop before

purchasing the next car. haiz.

won't la.... 1 x $1 COE result won't do much now.... COE renewal PQP is over an average of 3 months.

[SLSAMG88]

i don't think so, if 1 dollar all the cars will be pushed in for COE renewal in advance then the same problems comes back again.

the roads will be flooded with old cars for the next 10yrs.

Can you renew your COE in advance??? I would very much like this option! How, how how?

 

 

Even if the COE drops will only benefit the rich with cash on hand to buy cars, a few of my cash-rich friends are already waiting for it to drop before

purchasing the next car. haiz.

By virtue of asking this question, TS is obviously rich.

[Mockngbrd]

Can you renew your COE in advance??? I would very much like this option! How, how how?

Can la.. but u lose watever parf scrap value lo

[Yrvsport]

yes it will be $1 due to the 50% Down and max 5 years loan term....but not so soon juz be patient...

[SGCMniceguy]

Was talking to my MP friend.....according to him, never heard of COE will drop...everything will increase if it is related to cars...the only concern for gov now is the salary for the right singaporean, and not dropping coe price...their policy remains strong, to ease traffic on the road.

Edited March 1, 2013 by SGCMniceguy

[questionedfish]

$1 COE, i will drop by the showroom immediately.

[questionedfish]

duplicated post.

Edited March 1, 2013 by Lamzh87

[Kangadrool]

The problem is, there's no good manual car to buy even if COE 1 cent.

[Elmo]

$1 COE, i will drop by the showroom immediately.

By then too late liao.

If really want to buy go to the showroom now with your intended budget and tell them take it or leave it. If within their margin they will bid next round. It may not be $1 but it sure will be much cheaper than now.

[Shull]

The problem is, there's no good manual car to buy even if COE 1 cent.

 

Toyota GT-86, Subaru BRZ, or get the COE first, then go Performance Motor order (indent) a manual tranny 335i..

[Sk65]

By then too late liao.

If really want to buy go to the showroom now with your intended budget and tell them take it or leave it. If within their margin they will bid next round. It may not be $1 but it sure will be much cheaper than now.

 

thats y cannot land oneself in a buy low / sell low situation.

 

$1, you must grab yourself.

 

if wed $1, u think thurs go showroom, they will offer that meh ?

sure 2 weeks later... will increase due to the $1-effect.