More COE Next Year (2014) .....

[Wormvirus]

takes another 5-10yr for 50% loan to cut down coe cost, faster if 0% loan

Edited March 28, 2013 by Wormvirus

[HP_Lee]

u forget that alot of the high asset prices here r due to high gearing, so it seems everyone is rich. Minus off the debt portion is u will find that alot are not that rich.

 

Thats y when measures first came out the cat b crashed, dealers thot all credit lines frozen, but then they realized only banks but not credit coys. If garmen strictly enforce all bank n non-bank loans, i confirm itll sure crash. Even today i believe can still get 70-100% financing, so of cse coe wont crash. I checked last wk w a few car coys all still have high loans n 10yrs loan tenures.

 

I emailed M@S again & asked them abt d loopholes, so now awaiting their reply.

 

Hum... Have also received mass SMS on personal loans for cars recently. I believe many could have received it too.

[13177]

Yup. It will sustain at that level for long. You need only 2 factors to sustain the prices. First, we see more rich here. Second we see 6.9mil. You think liao.

Seems like there are many rich here, whether when the coe shoot up to $90K plus or now they implemented the new car loan ruling, all these doesnt seems to affect people from buying car?!

Edited March 28, 2013 by 13177

[Alfc]

u forget that alot of the high asset prices here r due to high gearing, so it seems everyone is rich. Minus off the debt portion is u will find that alot are not that rich.

 

Thats y when measures first came out the cat b crashed, dealers thot all credit lines frozen, but then they realized only banks but not credit coys. If garmen strictly enforce all bank n non-bank loans, i confirm itll sure crash. Even today i believe can still get 70-100% financing, so of cse coe wont crash. I checked last wk w a few car coys all still have high loans n 10yrs loan tenures.

 

I emailed M@S again & asked them abt d loopholes, so now awaiting their reply.

 

Exactly! Percieved "richness" is not the same as having strong financial position.

A 26 yr old yuppie downpaying $2k and 10year loan to drive a 3 series vs a 32 yr old average Joe saving up and paying $60k full cash for a used Altis. Who is rich?

 

[HP_Lee]

Seems like there are many rich here, whether when the coe shoot up to $90K plus or now they implemented the new car loan ruling, all these doesnt seems to affect people from buying car?!

 

I don't think it will move the needle much. The recent correction of CAT B, was due to a sharp short drop. So to the well-off buyers, they can pay easily. You just look at some of the treads here. You can see many rich are paying in cash. As for me, I am only paying 65% in cash of cars. After this correction, I see it may sustain at high level. I define high level, as anything above 50 - 60k. Not forgetting, the latest entry Merc I bought fall under CAT A. We are see more of the conti cars eating up CAT A.

[HP_Lee]

Exactly! Percieved "richness" is not the same as having strong financial position.

A 26 yr old yuppie downpaying $2k and 10year loan to drive a 3 series vs a 32 yr old average Joe saving up and paying $60k full cash for a used Altis. Who is rich?

 

Well. Rich define by net-worth.

[Erykool]

Actually, why so many of you say the loophole not closed? So far I went to dealers like vw and proton, all say must follow mas regulation leh.. Heard bm also follow.. So is who never follow? Maybe shld name those that you all know. Cause when discussing in another thread abt the lobangs also nobody want to list it... Strange.. And yet ppl keep claiming got loophole.

[Kar_lover]

Seems like there are many rich here, whether when the coe shoot up to $90K plus or now they implemented the new car loan ruling, all these doesnt seems to affect people from buying car?!

 

How did you conclude that it didn't affect ppl buying car? In my office I already have a handful of colleagues who give up idea of buying/changing car after the new rules.

 

 

 

 

[Chongster]

sianz, i have a 09 $1000 COE car which doesnt bode well if i keep it till then and kenna next round of high COE. what is the best way to beat the system.

Edited March 28, 2013 by Chongster

[Shelltoxin]

funny logic, if you stop buying from dealers and our cars are exported, who is going to suffer more. It is always the owner of the cars that suffer most.

[Shelltoxin]

Coe supply is greatly reduced leading to the sky rocketing COE prices. period.

[Mockngbrd]

sianz, i have a 09 $1000 COE car which doesnt bode well if i keep it till then and kenna next round of high COE. what is the best way to beat the system.

buy another car before ur coe finish?

[Ultra-Magnus]

Just in time for the new honda odyssey 2014 with in-built vacuum cleaner!

 

 

http://www.autoblog.com/2013/03/27/2014-ho...-new-york-2014/

[Duckduck]

Just in time for the new honda odyssey 2014 with in-built vacuum cleaner!

 

 

http://www.autoblog.com/2013/03/27/2014-ho...-new-york-2014/

 

thats USDM odyseey we get JDM version is differnent

[13177]

How did you conclude that it didn't affect ppl buying car? In my office I already have a handful of colleagues who give up idea of buying/changing car after the new rules.

Cause the coe still remain quite high.

[Ultra-Magnus]

I see! Hmm.. then no choice, have to continue spending $ for regular vacuum service at petrol kiosk until this innovation comes to our shore.

 

but it is a useful feature that should have been made available long ago in most family wagons..

 

[Little_prince]

this is the purpuse of the CM- basically to flush out these people and bring them out of the demand. their eventual expired COE will be return to the mkt but with high downpayment, they will not be able to enter the mkt. Hence, this will mean higher supply but reduced demand. Manage the balance well and we will see coe fluctuating at maybe 30K+- 10K.

 

now they lose their vehicle. they also owe the bank a big sum after auctioning off the vehicle. and no car too.

 

isnt that lagi jialat.

[Taipan49]

i am surprised that they didnt consider COE for the cyclist...

 

We cyclists are less than 1% of commuters. No money for the government for the cost of administrating. Plus the amount of space we take is very minor compared to cars.