How low will COE go?

[Knoobie]

 

 

the rich is not gundooo.. they are more penny pincher than average joe.. lol...

 

thus, the rich will still prefer lower COE..

 

part of the reason car COE still so high probably due to corporate demand.. some companies will need to purchase cars for their sales, senior management..

 

many of construction companies are buying cars for the mid level managers because they need to move around different work site.. and these places can be far from each other and not accessible by MRT..

 

we are having a construction boom at this moment..

 

that's what i observe..

 

At the current COE level, I believe corporates will turn to leasing instead. why would a business pay some so much in advance for a depreciating asset.

Leasing is the more sound choice.

[Yenyenpark]

At the current COE level, I believe corporates will turn to leasing instead. why would a business pay some so much in advance for a depreciating asset.

Leasing is the more sound choice.

 

business can easily borrow from banks with low interest.. they are cash rich.. leasing still not really that popular and limited models or dealer to choose from..

[Vyeron]

imho, strong economy = strong COE. Those who scrap old may enter the bidding market so ultimately depend on quota.

[Baal]

low coe conti brands may not complain. Many existing Jap/Kor owners make take the chance to upgrade to entry MB/BMW.

 

Likely I think its the same drivers churning, just a question on what's their ride as oppose to major increase in car population. Unless it plunges to 20k, which I doubt would happen.

[Hosaybo]

Only way to go down is when people scrapping their old car got priced out of the MKT due to the high cash down payment required.

[Achee]

This news article from a guru may be useful to bros who are waiting to buy a new car:

 

 

[MyDreamCars]

Hmm.. small cars mid year, big cars next year and 2017. Any car 2016.... LOL...

 

Looks like i should just wait and see mid of this year, if any drop in the COE since i am looking at small cars.

[13177]

This news article from a guru may be useful to bros who are waiting to buy a new car:

Just take it like a pinch of salt, cannot believe too much.

[Chowyunfatt]

 

 

The misguided and the misunderstanding continues

 

I'm not a smart man … enlighten me can?

[rogerews]

 

I'm not a smart man … enlighten me can?

 

The quota is already fixed by LTA. So COE price can drop to $2 but if the quota is only 40, then there will only be 40 new cars on the road.

[Yenyenpark]

This news article from a guru may be useful to bros who are waiting to buy a new car:

 

ST 2014-01-11a The best time to buy a car.jpg

 

ST 2014-01-11b The best time to buy a car.jpg

 

 

wow.. u really copy it down. kudos.

 

i going to print it out.. COE can save must save..

[Soya]

Hmm.. small cars mid year, big cars next year and 2017. Any car 2016.... LOL...

 

Looks like i should just wait and see mid of this year, if any drop in the COE since i am looking at small cars.

 

Cat A got room to go down but I tink Cat B will remain high. The current small gap is a joke and i suspect LTA will prob kapok some from Cat B and buang into Cat A to widen the gap to appease the angry voters.

[Powxus]

 

Cat A got room to go down but I tink Cat B will remain high. The current small gap is a joke and i suspect LTA will prob kapok some from Cat B and buang into Cat A to widen the gap to appease the angry voters.

 

If demand is much more than the supply, it would not go down by too much. There are lots of people waiting to go in when Cat A COE hits $60K

[13177]

 

If demand is much more than the supply, it would not go down by too much. There are lots of people waiting to go in when Cat A COE hits $60K

Guess most people are those who bought their cars during the super low coe period.

[Yenyenpark]

Guess most people are those who bought their cars during the super low coe period.

 

if $60k above, think average joe probably scrapped and take MRT.. many of colleagues who own car don't drive to office but take company bus instead.. believe there are many who bot around $10k to $20k period..

[Baal]

This news article from a guru may be useful to bros who are waiting to buy a new car:

 

ST 2014-01-11a The best time to buy a car.jpg

 

ST 2014-01-11b The best time to buy a car.jpg

This morning, lalio talked about the incentives for family units travelling by MRT. More details to be unveiled during Budget.

 

Thus, iwt, that's why the earlier forecast of softening from 2nd half of the year will at most drop to low 60s. This is so that there is a push factor to bite the above bait & for family man whiners like me to try it out.

 

So after they have established how many bit the bait (dust), then can soften further from 2015 onwards. ?

Edited February 17, 2014 by Baal

[Yenyenpark]

This morning, lalio talked about the incentives for family units travelling by MRT. More details to be unveiled during Budget.

 

Thus, iwt, that's why the earlier forecast of softening from 2nd half of the year will at most drop to low 60s. This is so that there is a push factor to bite the above bait & for family man whiners like me to try it out.

 

So after they have established how many bit the bait (dust), then can soften further from 2015 onwards. ?

lalio is talking about budge talk issit? coming 21 Feb.. dunno got give how much $$? to who again?

[Darryn]

This morning, lalio talked about the incentives for family units travelling by MRT. More details to be unveiled during Budget.

 

Thus, iwt, that's why the earlier forecast of softening from 2nd half of the year will at most drop to low 60s. This is so that there is a push factor to bite the above bait & for family man whiners like me to try it out.

 

So after they have established how many bit the bait (dust), then can soften further from 2015 onwards. ?

 

This is a very very good thing!

 

Wonder what the details will be like - linking of MRT cards? Something like the "family" plans that the telcos offer.

 

I have said before, when a whole family travels together, there is little difference between public transport and car / taxi....we are 5 people when we go out, like that it is surprising how quickly the cost mounts and it makes public transport on a par with driving in direct costs (as in, parking and petrol)