How low will COE go?

[Throttle2]

Its not the actual price that people are thinking of right now.

Its the downpayment amount.

 

Thats sad.....

[Rubbishman]

that is given that the taxi companies do not register large amt of new taxis this yr

 

Taxi taken out from the COE liao. They currently paying Cat A's PQP

[Throttle2]

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.

 

 

Boh lah, bro. Mai say like that.

I always pang chan one.

[Camrysfa]

last time COE 42k, civic got so expensive at 123k meh??

 

 

whn coe drop, ad greedy and up their margin to a levl where mkt can stomach

[Pixel18]

Some industry sources have reported a conti make having had numerous order cancellations. This may be more pervasive and it is certainly possible for this round of bid to be significantly smaller and conservative. A decline in the order of 20-30% in premium is on the cards.

[Nhyone]

Some industry sources have reported a conti make having had numerous order cancellations. This may be more pervasive and it is certainly possible for this round of bid to be significantly smaller and conservative. A decline in the order of 20-30% in premium is on the cards.

Since they must have ordered their car before Feb 26 and hence qualified for 100% financing, it is not the 50% down-payment that deters them.

 

Or are they deterred by the higher ARF? That doesn't seem likely either.

 

Then, the only thing left is that they expect car prices to be significantly cheaper in the coming months.

 

Will it come true? Time will tell.

[Kyrios]

How come doctor only 6k ??? wat kinda cheapo doc is tat??

 

Dun lidat lah..people volunteer to be interviewed to share information and now have to kena from us..haha..

Edited March 1, 2013 by Kyrios

[Yeshe]

Dun lidat lah..people volunteer to be interviewed to share information and now have to kena from us..haha..

 

becos i sibey surprise how come doc only $6k.

[Yeshe]

Boh lah, bro. Mai say like that.

I always pang chan one.

 

pang chan let them smell your cigar smoke issit? [laugh]

[Yewheng]

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.

 

Lucky government step in to stop people like him who earn not a lot and want to buy car. A wake up call for him, hopefully.

Edited March 1, 2013 by Yewheng

[Elmo]

Today's paper (1/3/13) reported Toyota Wish (Borneo Motors) price increase by 1K.

In the same report, it says used car dealers have cut prices so as to clear stocks.

Now I read here Kah Motor has dropped price of Civic.

 

Hard to figure out what BM is trying to do.

 

Last COE bidding, BM dropped the full $8K/$9K decrease in CAT A.

Now increase by $1K to create a buffer. Quite confirm CAT A will drop so might as well increase the base price to have a $1k buffer to play with.

My 2 cts guess only

[Rezorn86]

COE for cat A lowest i think it will drop till $35k & cat b around $55K, i guess it will not drop any more than tat.

[Zxcvb]

Instead of lowering prices, Borneo Motors go and up prices knowing well that COE prices confirm gonna tumble. The PARF increase for mid-tier car like camry is marginal compared to the drop of COE. Dunno what marketing strategy they doing, chasing away serious buyer. If I'm a serious buyer with cash in hand, I'll wait out.

[Camrysfa]

Instead of lowering prices, Borneo Motors go and up prices knowing well that COE prices confirm gonna tumble. The PARF increase for mid-tier car like camry is marginal compared to the drop of COE. Dunno what marketing strategy they doing, chasing away serious buyer. If I'm a serious buyer with cash in hand, I'll wait out.

 

 

if all AD move opposite direction to Borneo Motor, they will look irrational......

 

or maybe to let those on order books feel good.

 

anyway who is so desperate to place a booking for a new car for 13/3 COE bid on post budget terms.

[Wt_know]

your statement is not fair la ...

if govt did not implement 140-180% arf and 50% downpayment & max 5 years loan

coe to break $100k is like 99.9% in view tnat quota is getting lesser and lesser

last time many itchy backside 3 years change car liao but high coe makes people drive their car longer

now with the new ruling, let's see coe is $50k $40k or $10k ... huat ah!

 

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?

Edited March 1, 2013 by Wt_know

[Leepee]

AD not stupid with their strategy.

Don't forget that the last round of Cat.A price drop quite alot ~$9K++ if I remember it right.

That could have driven alot of car buyers into the market. Not to mention the Monday midnight sales tactics must have secured quite alot of those 100% or high loan buyers.

 

Cat.A therefore could have alot of backlogs to clear.

Also AD will likely try very hard to secure the COEs for these group of CONFIRMED car buyers, no point to delay it because if the car buyers cannot get their COE on13March, and saw the COE dropped, it will be a disaster if many decide to cancel the deal!

If the bank already approved the high or 100% loan for the buyers, it would be wise to secure the COE immediately this coming round.

 

COE will hold for this coming round.

 

So please don't say confirm gonna tumble.

 

 

 

 

Instead of lowering prices, Borneo Motors go and up prices knowing well that COE prices confirm gonna tumble. The PARF increase for mid-tier car like camry is marginal compared to the drop of COE. Dunno what marketing strategy they doing, chasing away serious buyer. If I'm a serious buyer with cash in hand, I'll wait out.

 

[Tigershark1976]

there is a big loop hole in the MAS new rules... whther its 50% loan, or 40%, the dealer simply up the selling price, then rebate the buyer will do.. eg, a car suppose to be sold at 80K, mark up the price to 100K, 60% loan means 40K downpayment, rebate to the customer 20K, so effective downpayment is only 20K, still too high??? mark up higher n give more rebate loh....

 

The only thing that will works is the new tax structure... those luxury car will suffer for sure.

[CH_CO]

there is a big loop hole in the MAS new rules... whther its 50% loan, or 40%, the dealer simply up the selling price, then rebate the buyer will do.. eg, a car suppose to be sold at 80K, mark up the price to 100K, 60% loan means 40K downpayment, rebate to the customer 20K, so effective downpayment is only 20K, still too high??? mark up higher n give more rebate loh....

 

The only thing that will works is the new tax structure... those luxury car will suffer for sure.

 

Dude , GST and income tax will kill the seller.