Kweechang 1st Gear April 29, 2014 Share April 29, 2014 Drove past Leng Kee last weekend, there are not many people at the car shops. Think many people still believe that COE will continue to fall with the surging supply of COE in the coming months. Many people are holding back to wait for further drop in COE. The current COE prices are still high hovering around $70K +. Do not forget there is a group of people, that their existing car is due soon, and die die want a car. a) they get a used car b) Get a new car with current COE As more car's COE are due (scrapped) soon, hence this group of people are getting more and more. Therefore, the COE might stay there for a while, might not drop too fast. ↡ Advertisement Link to post Share on other sites More sharing options...
JackLin Neutral Newbie April 29, 2014 Share April 29, 2014 I think the COE system will not differ much. This is demand vs supply. As long as there are people who scrap, most will purchase. It is only the minority of sellers who will decide to change thier lifestyle and not have a car. We also have to factor in the fact that the measures for both housing and cars are so called for the good of our future to curb with housing and traffic problems. My take: this is just Singapore's unique way of managing the country. Until we have a change in the current system, things are looking bleak for those who hope that the old COE system will revert. Link to post Share on other sites More sharing options...
Lincoln 3rd Gear April 29, 2014 Share April 29, 2014 (edited) Do not forget there is a group of people, that their existing car is due soon, and die die want a car. a) they get a used car b) Get a new car with current COE As more car's COE are due (scrapped) soon, hence this group of people are getting more and more. Therefore, the COE might stay there for a while, might not drop too fast. The scenario you describe can be used in a low COE supply scenario. So, applying your logic, when less people scrapped their cars, this group of people are getting less and less. Therefore, COE might stay the same and will not raise too fast. ==> We know that this is simply not true as the last 2 years, COE cheong! The logic is much simpler: more COE supply = cheaper COE less COE supply = expensive COE no need to think too much. the longer you wait the cheaper it is. that is, until COE supply shrinks again. Edited April 29, 2014 by Lincoln 1 Link to post Share on other sites More sharing options...
Powxus 3rd Gear April 29, 2014 Share April 29, 2014 more COE supply = cheaper COE no need to think too much. the longer you wait the cheaper it is. that is, until COE supply shrinks again. You need to see how much more and the demand. More COE does not mean it will drop if everyone chiong in and buy. Link to post Share on other sites More sharing options...
13177 Hypersonic April 29, 2014 Share April 29, 2014 You need to see how much more and the demand. More COE does not mean it will drop if everyone chiong in and buy. If the supply of the coe quota same during 2006-2009, then the coe will drop. If not dont think it will drop much la. Cause the demand for buying car is always there. Link to post Share on other sites More sharing options...
Wt_know Hypersonic April 29, 2014 Share April 29, 2014 (edited) layman law when you think it is expensive, you cannot afford it when you think it is cheap, everyone will cheong to buy either way ... many are fighting for coe either coe is high or low so the low will not stay low for long car buyer is sibei hungry ... Edited April 29, 2014 by Wt_know Link to post Share on other sites More sharing options...
Throttle2 Supersonic April 29, 2014 Share April 29, 2014 (edited) layman law when you think it is expensive, you cannot afford it when you think it is cheap, everyone will cheong to buy either way ... many are fighting for coe either coe is high or low so the low will not stay low for long car buyer is sibei hungry ... Eh thats funny, i am the opposite.I can well afford it but when i feel its expensive i dont buy When i think it is cheap, even if i cant afford it, i will find a way to buy. Oh i know, that means i not layman?? Yippee Edited April 29, 2014 by Throttle2 Link to post Share on other sites More sharing options...
Powxus 3rd Gear April 29, 2014 Share April 29, 2014 Eh thats funny, i am the opposite. I can well afford it but when i feel its expensive i dont buy When i think it is cheap, even if i cant afford it, i will find a way to buy. Oh i know, that means i not layman?? Yippee Expensive or cheap is relative. Think current COE is cheap cheap for many rich FT migrating to sg ... lol Link to post Share on other sites More sharing options...
Wt_know Hypersonic April 29, 2014 Share April 29, 2014 (edited) please share/show the "way" ... sharing is caring .... like how i found the way to buy my dream lolie sub ... THG 50 months installment Eh thats funny, i am the opposite.I can well afford it but when i feel its expensive i dont buyWhen i think it is cheap, even if i cant afford it, i will find a way to buy.Oh i know, that means i not layman??Yippee Edited April 29, 2014 by Wt_know 1 Link to post Share on other sites More sharing options...
Throttle2 Supersonic April 29, 2014 Share April 29, 2014 please share/show the "way" ... sharing is caring .... like how i found the way to buy my dream lolie sub ... THG 50 months installment Brand new Rolex sub is not investment lah, brother! If need to take instalment to buy a watch, best not to buy. Luxury item must be luxurious mah. Heh Expensive or cheap is relative. Think current COE is cheap cheap for many rich FT migrating to sg ... lol Yah everything is relative *yawn* Link to post Share on other sites More sharing options...
Iridrium 1st Gear April 29, 2014 Share April 29, 2014 Brand new Rolex sub is not investment lah, brother! If need to take instalment to buy a watch, best not to buy. Luxury item must be luxurious mah. Heh Yah everything is relative *yawn* Brand new Rolex sub is still a better investment than car ownership no? So if need to take installment to buy a car, best not to buy? Link to post Share on other sites More sharing options...
drivinghazard 2nd Gear April 29, 2014 Share April 29, 2014 (edited) Do not forget there is a group of people, that their existing car is due soon, and die die want a car. a) they get a used car b) Get a new car with current COE As more car's COE are due (scrapped) soon, hence this group of people are getting more and more. Therefore, the COE might stay there for a while, might not drop too fast. There are also a group of people that COE due to expire soon, and they die die want buy new car only. So whether the COE is reasonable for them to buy, or they will not buy at all. So I guess this group not so sensitive to the COE prices, and most likely will not wait. ie use finish liao just buy loh. Edited April 29, 2014 by drivinghazard Link to post Share on other sites More sharing options...
Blackyv Turbocharged April 29, 2014 Share April 29, 2014 Brand new Rolex sub is still a better investment than car ownership no? So if need to take installment to buy a car, best not to buy? You ask the right man... To him, yes.. He only pay cash... Hehehe... Link to post Share on other sites More sharing options...
Powxus 3rd Gear April 29, 2014 Share April 29, 2014 There are also a group of people that COE due to expire soon, and they die die want buy new car only. So whether the COE is reasonable for them to buy, or they will not buy at all. So I guess this group not so sensitive to the COE prices, and most likely will not wait. ie use finish liao just buy loh. My COE is ending next year. I will wait to see if the price will drop else will LL just buy. There are many guys around me in the same situation and they are just waiting. All of them are able to afford the current down payment but may not feel justify to pay so much for a piece of paper. Link to post Share on other sites More sharing options...
Achee 4th Gear April 29, 2014 Share April 29, 2014 My COE is ending next year. I will wait to see if the price will drop else will LL just buy. There are many guys around me in the same situation and they are just waiting. All of them are able to afford the current down payment but may not feel justify to pay so much for a piece of paper. But certainly not that many guys (or gals) like you who can afford a $70K piece of paper! Link to post Share on other sites More sharing options...
Powxus 3rd Gear April 29, 2014 Share April 29, 2014 But certainly not that many guys (or gals) like you who can afford a $70K piece of paper! There is at least a 1000 (Cat A, B & C) every month for the past 3 years paying COE more than $70k. Link to post Share on other sites More sharing options...
Wt_know Hypersonic April 29, 2014 Share April 29, 2014 (edited) 25k coe per year compare to 125k coe previously is 80% cut in quota that's why buyer fight until siao to secure coe There is at least a 1000 (Cat A, B & C) every month for the past 3 years paying COE more than $70k. Edited April 29, 2014 by Wt_know Link to post Share on other sites More sharing options...
Viper76 2nd Gear April 29, 2014 Share April 29, 2014 buy motorcycle better though COE high...not as high as cars COE... they suck our money dried... ↡ Advertisement Link to post Share on other sites More sharing options...
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