How low will COE go?

[Xxadidasxx]

Those cash rich will be very happy

[Princey_anne]

Those cash rich will be very happy

Cash rich forever happy

[Theobserver]

if COE drop to 10K...it is many bros' dream...since all wanted COE to be affordable...

if coe drop to 10k, then many people can afford the 40% or 50% downpayment, many people buy car, so drive up the coe again ?

[Columbian78]

Some dealers don't entertain buyer with ready COE.

Can I assume those dealers who print prices without COEs will entertain?

E.g. I can see from the pricelists in sgcarmart are Tan Chong and Borneo for Nissan and Toyota respectively.

[Throttle2]

Those cash rich will be very happy

 

Aiyah, how many cars does a person need.

 

Cash rich also wont spend stupidly.

Actually its the non cash rich that usually spend stupidly.

 

 

[Soya]

Selling price $90k could be for weekend car. Normal car will be $107k?

 

 

oh ya. maybe hor. wonder if the price is oso after those cash rebate gimmicks?

 

 

 

[Maxus-MIFA9]

if drop to 20k plus, i renew my COE le.

 

3 years left quite worth..

 

PARF alr gone(COE car). so no loss either way

have to wait for 6 months then you renew your coe......

 

PQP calculates by average of 3 months and if this round lets say drop to $20k, the PQP is still high because of last 2 months....

[Jittery]

Bro is your ride 2006?

If u renew coe than what will u lose?

And what will be rebate back to u?

My ride also 06.

 

why PARF is already gone?

i also interested to know since my ride left 2+ years.

if i renew COE, i'll lose my PARF which would amount to 10k.

better for me to change another car then?

Edited March 1, 2013 by Jittery

[Kia0042]

What's the purpose of this recent fierce policy - To reduce car population. So, you think the govt will let the COE drops and create another problem?

COE prices to drop below 50k, not so soon bros, probably 6months or even longer. Even it drops 50%, a normal 1.6L Jap car still cost 80-90k, can a normal folk afford 40k downpayment ?

 

 

[S2077s]

whatever it is....if the final sticker price is lower then it was.... i'd be happy.

 

People adjusts.....always has been and always will be.

[Jasonjst]

they expect COE will drop to even lower than 30K...but only after next few rounds of bidding..probably back to the range of between 10k-20k+ range.

 

Really ? Ho Say Liao , I will borrow from Ah Long to made up the other 50% loan lor ! Die Die must buy !

 

[Mllcg]

Bro is your ride 2006?

If u renew coe than what will u lose?

And what will be rebate back to u?

My ride also 06.

 

1997 la. lol

[Throttle2]

Young family

 

Mr Mas Sugianto and his fiancee have already put their names down for a five-room HDB flat in Bukit Panjang.

To prepare themselves for the future, he had been visiting showrooms since June last year to buy a suitable car for his family.

The technical officer said that he had his eye on a Toyota Corolla Altis which costs about $130,000.

But he has to shelve the idea for now, he said.

Mr Mas Sugianto, who sometimes drives his father's weekend car, said: "My future wife and I have planned to have two children and we thought that we could travel in comfort in our own car.

"We were looking forward to travelling to places like Johor as one big happy family. I guess I will have to make do with public transportation for now."

Mr Mas Sugianto, who earns about $35,000 annually, said his heart sank when he learnt he could only take loans of up to 60 per cent of the purchase price of his dream car.

He said that he had intended to take a full loan of 100 per cent and was willing to make monthly payments of $1,000.

Mr Mas Sugianto, however, added that owning a car comes only second on his list of priorities.

"I can't afford to own one now. Our flat, which costs about $368,000, is at the top of the list," he said.

What he wants: Toyota Corolla Altis

Cost: $133,988

OMV: About $15,000

ARF: 100 per cent of the car's OMV

Down payment: About $53,595 (Based on 40 per cent of the purchase price)

Monthly instalment: $1,234

Source: www.s----s.sg

- See more at: http://ride.asiaone.com/news/wheels/story/...h.bakVDRrA.dpuf

 

 

Example of a fool who doesnt know the meaning of die c--k stand

$35k per annum want to buy 5 room and want to buy $135k car.

Say the wife makes another $35k also belt tight tight. Still thinking of car?

How to ever be rich or make it . Loans over loans, probably he pay instalment for his tv and washing machine too.

Plan to have two children, drive to johor happy happy.... Rent a car can already.

wTF?! This guy's mind is even twisted than Leepee's ......hee hee.

Edited March 1, 2013 by Throttle2

[Throttle2]

Shaffiq Alkhatib, Lynette Tan and Law Zhi Tian | The New Paper | Friday, Mar 1, 2013

 

All he wanted was a small family car.

Mr Mas Sugianto Jumari, 30, figured that since he was going to get married at the end of this year and start a family soon after, he would need a car to take his family around.

Then came the car cooling measures announced by the Government on Tuesday, a double whammy of restrictive car loans and the introduction of a new tiered tax.

That dashed any hope of Mr Mas Sugianto buying his first car. Here The New Paper details how Mr Mas Sugianto and two other car hunters are affected by the changes:

 

Young professional

 

Dr Louis Tan, 31, has been buying second-hand cars for their affordability.

In about two years, the Certificate of Entitlement (COE) for his car will expire. When that happens, Dr Tan hopes to buy a BMW 320i.

"Most people look to upgrade their cars as they advance in their careers. This is why I am considering the upgrade to a BMW 320i."

But with the new measures, Dr Tan said he has to save up for a few years before he is able to afford a new car.

"I was hoping to take out a loan to pay off 70 to 80 per cent of the total cost, and I would be comfortable with paying $1,500 (a month)."

Dr Tan will no longer be able to get a 100 per cent loan to pay for the car as was previously allowed. Under the new curbs, he will be able to borrow only a maximum of 50 per cent of the car's total cost.

Dr Tan will also have to pay the loans within five years. Previously, the loans could be paid over the course of 10 years.

"In view of this, I will probably be looking to buy a second hand car again. At the moment, the down payment for a brand new BMW 320i is a bit too steep for me," said Dr Tan.

Currently, the down payment for the BMW 320i is approximately $100,000.

Dr Tan earns about $6,000 a month and is living with his sister and parents in a five-room HDB flat. He is single.

When asked if public transport was a viable alternative to driving, Dr Tan said: "I have to travel around from one appointment to another, so being able to drive is much more efficient.

"It is also more reliable than public transport."

 

What he wants: BMW 320i

Cost: $221,800

OMV: $37,724

ARF: $44,814 (140 per cent of OMV)

Down payment: $110,900

Monthly instalment: $2,043

Source: www.s----s.sg

- See more at: http://ride.asiaone.com/news/wheels/story/...h.RvOswIwt.dpuf

 

 

Another fool wanting to buy brand new BMW when still wet behind the ears from his housemanship.

 

kNN $6k per mth want to buy $200k car? I pwui!

[Chowyunfat]

Latest : Honda slash their prices across the board base on 42K COE for next bidding.

Honda Civic drop from 148K to 122.9k!!!

[Goldenvodka]

The waiting game starts

[Soya]

I think TS meant drop BY 30K , not TO 30K

 

 

correct, bro. another thread say KM now base their price on $42k COE. so that's abt 30k drop lah.

[Ben5266]

correct, bro. another thread say KM now base their price on $42k COE. so that's abt 30k drop lah.

Suddenly, many people thnink $42k COE is CHEAP....