COE Bidding 1st - Mar 2013

[Tohto]

do you want to bring it back to next week, let me call someone

 

Please call... Thanks

[Steptronic]

Please call... Thanks

I guess coming round would be quite boring as no one is in mood now! probably less booking and ADs would mainly bid for backlog!

[Bismarck]

COE bidding threads will become popular again for the next 3 months.

[Van]

This exercise is deferred by one week. It will actually start on 11th March instead of 4th March!

 

Does this mean there are more accumulated buyers?

[Van]

Was there some last minute rush to book on the 25th night also?

[Steptronic]

Does this mean there are more accumulated buyers?

Yes, since additional one week is available, theoretically it should be more bookings. But, practically???

[Branteo]

With DBS acted on the interest rate, I guess the after shock is too much to makan...

 

hopefully in 2 years time drop back to 10k ~20k, then I will export my current car and get a big Prius

 

I'm hoping for COE to drop so that I can happily renew COE for my '07 Civic!

[Darryn]

I'm hoping for COE to drop so that I can happily renew COE for my '07 Civic!

 

Wait wait a few months, even if drop this and next round PQP will still be high - you have time on your side at the moment.

[Samwize]

I am very new to cars and COE bidding.

 

But learning of the tough measures, I think it's now possible to get a car with less ridiculous COE prices.

 

May I ask a newbie question:

 

Which participating bank are you using? What are the charges ? (I saw $2-10, but want a confirmation..)

[Yrvsport]

no need coe since car dealer earn by 50% down payment or full settlement and bank earn by higher interest rate on 50/60% 5 years loan

[Xiaoyuer86]

I vote 1 to 10k

[Airconlin]

This coming 1st Mar bidding, I guess Cat A COE price will crash to below 10K. Majority of Cat A buyer are salary earners, some of them are difficult to fork out 40% downpayment. Even some can afford, they may need time to sell stock or wait time deposit tenure mature to get the hard cash.

[Matrix0405]

That's is why they give you one more week to raise fund. The humble Altis will need $60K DP, while the small conti need $80K. But there are only 333 Cat A. Expect the Altis buyers to drop out, but not the conti.

[Airconlin]

Now the interest is very low, many people will not put cash in the bank, they put it in stock, property, buying insurance, they plan to take advantage of loan, and suddently the government want they to fork out 50-60K cash, if give 3-4 months is poissble, 2-3 weeks, really difficult for the majority, that's why I guess the price will crash.

In the other hand, all the dealers with COE in hand will not bid too much this round, they need to digest existing COE.

[Hugobossy]

Those Taxi Company will be holding ready cash to take advantage of the falling COE...

 

Guess, the overall winner is the taxi company..

[Airconlin]

Some dealers are reducing prices drastically before COE premium fall.

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10417

Honda Stream 1.8 T (A) Price (reduced $31,000)

01-Mar-2013 $143,900 with COE $92,667

22-Feb-2013 $175,900 with COE $92,667

07-Feb-2013 $177,900 with COE $92,901

 

Honda Stream 1.8 RSZ (A) (reduced $33,000+)

01-Mar-2013 $148,900 with COE $92,667

22-Feb-2013 $181,900 with COE $92,667

07-Feb-2013 $183,900 with COE $92,901

 

I also saw in today (2 Mar) Straits Time, page E13, hald page ad,

Toyota Corolla Altis 1.6, reduced price to S$99,988, cut $34000 from their 28 Feb price $133,988, still online

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10526

 

Page A20, Chevrolet Cruze 1.6 Sedan half page ad,

new price is S$89,999, cut S$40,000 from their 21 Feb price $129,999 online.

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10753

They even add these words behind the price: (Price includes COE, believe it!)

 

 

In ST Life! E2, Renault Megane Hatch, new price $119888 - $10,000 discount for trade in

Their 21 Feb price was $129,999

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=11300

 

And some ads are offering COE rebate, like Land Rover COE rebate up to $90,000. It means if the next COE price is only $10,000, and the COE component in your current buying contract is S$92000, they will rebate S$82,000.

Edited March 2, 2013 by Airconlin

[Camrysfa]

Some dealers are reducing prices drastically before COE premium fall.

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10417

Honda Stream 1.8 T (A) Price (reduced $31,000)

01-Mar-2013 $143,900 with COE $92,667

22-Feb-2013 $175,900 with COE $92,667

07-Feb-2013 $177,900 with COE $92,901

 

Honda Stream 1.8 RSZ (A) (reduced $33,000+)

01-Mar-2013 $148,900 with COE $92,667

22-Feb-2013 $181,900 with COE $92,667

07-Feb-2013 $183,900 with COE $92,901

 

I also saw in today (2 Mar) Straits Time, page E13, hald page ad,

Toyota Corolla Altis 1.6, reduced price to S$99,988, cut $34000 from their 28 Feb price $133,988, still online

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10526

 

Page A20, Chevrolet Cruze 1.6 Sedan half page ad,

new price is S$89,999, cut S$40,000 from their 21 Feb price $129,999 online.

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10753

They even add these words behind the price: (Price includes COE, believe it!)

 

 

In ST Life! E2, Renault Megane Hatch, new price $119888 - $10,000 discount for trade in

Their 21 Feb price was $129,999

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=11300

 

And some ads are offering COE rebate, like Land Rover COE rebate up to $90,000. It means if the next COE price is only $10,000, and the COE component in your current buying contract is S$92000, they will rebate S$82,000.

 

 

From the selling price of altis and cruze, it is somehwere when COE was 45 - 50K. So dealers do believe, the COE will drop to this level. But to save them from from paying customer coe rebate, they peg their deal at 78K COE.

[Jp66]

From the selling price of altis and cruze, it is somehwere when COE was 45 - 50K. So dealers do believe, the COE will drop to this level. But to save them from from paying customer coe rebate, they peg their deal at 78K COE.

isn't it if rebate at 78K and coe drop to 60k, dealer need to refund 18k?