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How low will COE go?

Darryn

By Darryn,
in General Car Discussion

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Wyfitms

Wyfitms

Twincharged

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!

 

huh. how come a 31 yr old doc still only making 6K?

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Wyfitms

Wyfitms

Twincharged

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!

 

SG shld have a ask throttle tv prog (ala ask suze orman).

 

All these ppl can call in and seek your opinion...

 

Doc: "hello, throttle, i am a 31 yr old doc making 6K a mth. Do u think i shld go and upgrade my car to a 320?"

 

T2: "kNN $6k per mth want to buy $200k car? I pwui!. Next!"

 

Doc: "sob sob"

 

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Throttle2

Throttle2

Supersonic

huh. how come a 31 yr old doc still only making 6K?

 

What do you think?

 

Unless they do a business or become specialists, normal doctors in late twenties early thirties, dont earn that much. $6k does sound a bit low though.

 

$8k maybe more right.

 

Anyway , what do i know, i aint no doctor [rolleyes]

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Throttle2

Throttle2

Supersonic
(edited)

If rule doesnt get sidestepped?

Within the nextyear. Confirm cat A no more than $30k.

Edited by Throttle2
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Nzy

Nzy

Twincharged

If COE drops then time to buy new car already. Before people start saving up then COE goes up again.

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Beng2

Beng2

5th Gear

Came across this ad by KM. The civic OMV is a tad over $20k, so i presume d/p is 50%. KM website lists the 1.6 civic at $122k.

 

So if d/p is $45k, does it mean the selling price is $90k? COE expected to drop by $30k? [gossip]

Suddenly, a $90k 1.6 Civic looks like a steal

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JJ_JJ

JJ_JJ

Clutched

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?

 

Read carefully....his is a COE car and yours is PARF eligible still.

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Turbonetics

Turbonetics

2nd Gear

we are living in an Uniquely Singapore.

when COE went shooting up in recent years,many predicted it will hit $100k or even break the previous record,but it didn't.

before the latest cut in quotas,COE were closing the gap towards $100k and many said "Confirm next bidding when quota cut will hit $100k",but it didn't.

instead it dropped quite considerably.

and now i really wish to see if that ,Executive Chairman with 28 years of experience under his belt, speculation of COE to drop 50% will come true or not?

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Erykool

Erykool

1st Gear

Wa, looks like Honda trying to lead the market towards bidding ard the $50k range for coming Coe biddings... If that level still no sales then go lower and then lower and then lower until got sales... So guys, pls hold ur guns keep ur cash lets wait for Coe drop first can?

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Myxilplix

Myxilplix

Turbocharged

SG shld have a ask throttle tv prog (ala ask suze orman).

 

All these ppl can call in and seek your opinion...

 

Doc: "hello, throttle, i am a 31 yr old doc making 6K a mth. Do u think i shld go and upgrade my car to a 320?"

 

T2: "kNN $6k per mth want to buy $200k car? I pwui!. Next!"

 

Doc: "sob sob"

 

Ahaha Throttle is mcf version of Simon Cowell, shoot people down don't give chance.

 

Would be more entertaining than any of the crap they have on tv now.

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Jamesc

Jamesc

Hypersonic

we are living in an Uniquely Singapore.

when COE went shooting up in recent years,many predicted it will hit $100k or even break the previous record,but it didn't.

before the latest cut in quotas,COE were closing the gap towards $100k and many said "Confirm next bidding when quota cut will hit $100k",but it didn't.

instead it dropped quite considerably.

and now i really wish to see if that ,Executive Chairman with 28 years of experience under his belt, speculation of COE to drop 50% will come true or not?

It looks like he is only 6k out so far.

 

Cat A very likely to fall from 72k to 42k in the next COE bidding.

 

If it falls to 36k he will be spot on!

 

:D

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Duckduck

Duckduck

Turbocharged

we are living in an Uniquely Singapore.

when COE went shooting up in recent years,many predicted it will hit $100k or even break the previous record,but it didn't.

before the latest cut in quotas,COE were closing the gap towards $100k and many said "Confirm next bidding when quota cut will hit $100k",but it didn't.

instead it dropped quite considerably.

and now i really wish to see if that ,Executive Chairman with 28 years of experience under his belt, speculation of COE to drop 50% will come true or not?

 

maybe he also kena wack by the recent news that garmen gona take back golf land so his laguna maybe kena? so double whammy for 2 of his biz?

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Paddie

Paddie

3rd Gear

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 ?

 

The only thing which controls car population is the number of COEs released each year. So your first line is wrong. After the COE quota for the year has been decided, whether the COE price is $1 or $100,000, the same number of new cars will be registered in that year. This is the basic concept of how the system works.

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Enye

Enye

Hypersonic

If COE drops then time to buy new car already. Before people start saving up then COE goes up again.

 

if those people who needed 100% loans previously

 

what makes u think they can

 

suddenly save the dp after a few years

 

with inflation running close to 5% for the past few years

 

hee

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Kiadaw

Kiadaw

6th Gear
(edited)

Not to pour cold water, but I think people expecting a big drop will be disappointed. There will maybe be one or 2 freak COE results due to new measurements, & some cancellation, or approval failure of new cars in the 1st few COE bids, but it will stabilise again, when people think of ways to finance their car purchase again, & the new measurements sink in as norm.

 

Anything more than 20K drop is optimistic in my view. People also have to remember that if COE price drop, those that are now borderline to finince their car now will be able to finance their car again.

 

In the long term, it will still go up.

Edited by Kiadaw
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