Quantum 5th Gear May 7, 2014 Share May 7, 2014 60k & 70k still high ba... This quarter 42% more COE next quarter another 20 to 30% more... Why rush ? Old car's problem by now almost all fixed liao... if everyone thinking like you, 60k & 70k should be the bottom liao, otherwise even if COE another 20 to 30% more, buyers will be another 40 to 50% more , wait wait until election complete, your crying is to late ↡ Advertisement Link to post Share on other sites More sharing options...
Mcist 1st Gear May 7, 2014 Share May 7, 2014 if everyone thinking like you, 60k & 70k should be the bottom liao, otherwise even if COE another 20 to 30% more, buyers will be another 40 to 50% more , wait wait until election complete, your crying is to late Ooo... i was thinking wait lor... why rush to showroom haha hey... i am pretty sure 20 to maybe 30% of car previous buyers not willing to upfront 50% down payment then suffer another 5 years loan Maybe my friends/ colleague/ relative are not so willing to spend on car ba... Most are taking longer & higher loan than what is ruling now ba... Time will tell.... Link to post Share on other sites More sharing options...
Fastnfaster 3rd Gear May 7, 2014 Share May 7, 2014 Dropped 11k doesn't mean car sellers are gonna chop 11k off the price. Next bid sure jump. Latest coe is generally in line with AD pricing based on last weekend. AD may slash price by a few more thousands to entice more buyers. Depending on the orders this 2 weekend, we shall see if coe continue to fall. 1 Link to post Share on other sites More sharing options...
car138 2nd Gear May 7, 2014 Share May 7, 2014 Like what some car dealers have said that the downtrend in COE price is a prophecy that is self-fulling. When everyone expects COE to increase, car dealers will offer car packages with lower COE rebate and car prices. Since car dealers are the main bidders for COEs, they will never bid for a COE price that is higher than what they offered to customers and one that hurts their profit margin. As long as there is no policy changes on COE supply, COE will continue to fall........ 1 Link to post Share on other sites More sharing options...
Quantum 5th Gear May 7, 2014 Share May 7, 2014 Ooo... i was thinking wait lor... why rush to showroom haha hey... i am pretty sure 20 to maybe 30% of car previous buyers not willing to upfront 50% down payment then suffer another 5 years loan Maybe my friends/ colleague/ relative are not so willing to spend on car ba... Most are taking longer & higher loan than what is ruling now ba... Time will tell.... 50% down payment is not major killer for buyer, based on CAT A COE 60k, so normal B&B CAT A car price should drop to 100k around, if trade in old car 30k in average, then 70k for car price, 50% down payment only 35k, most family should not be problem in current Singapore society, moreover 50% down payment also save interest actually, even if w/o this policy, I also tried to pay as much as possible in first payment, unless you want CAT B premium categroy cars, that is only for rich man's game Link to post Share on other sites More sharing options...
Kar_lover Supercharged May 7, 2014 Share May 7, 2014 Cat A drop by about 10K! Haha, hope this trend holds for another 2 more months+ and then stay at 40-50K for Cat A... Lesser is better, but I think 40-50K is ok.. I think this weekend VW and Toyota showroom will very busy....I already see quite a few of the new altis on the road....and jetta price is damn low so for those who don't mind gambling on the gearbox can give it a try... Link to post Share on other sites More sharing options...
Swifter78 2nd Gear May 7, 2014 Share May 7, 2014 Isn't it amazing? ADs reduce car prices by 10k-15k and COE really went down by 10k! 2 Link to post Share on other sites More sharing options...
car138 2nd Gear May 7, 2014 Share May 7, 2014 Isn't it amazing? ADs reduce car prices by 10k-15k and COE really went down by 10k! This shows that COE price is very much influenced by ADs' biddings, don't you think? It is all about Economics 101 - Demand & Supply. 1 Link to post Share on other sites More sharing options...
Jckok888 1st Gear May 7, 2014 Share May 7, 2014 (edited) 50% down payment is not major killer for buyer, based on CAT A COE 60k, so normal B&B CAT A car price should drop to 100k around, if trade in old car 30k in average, then 70k for car price, 50% down payment only 35k, most family should not be problem in current Singapore society, moreover 50% down payment also save interest actually, even if w/o this policy, I also tried to pay as much as possible in first payment, unless you want CAT B premium categroy cars, that is only for rich man's game Which B&B car can sell at 100k if COE at 60k? most of B&B car OMV are more than 20k. Edited May 7, 2014 by Jckok888 Link to post Share on other sites More sharing options...
Quantum 5th Gear May 7, 2014 Share May 7, 2014 I think this weekend VW and Toyota showroom will very busy....I already see quite a few of the new altis on the road....and jetta price is damn low so for those who don't mind gambling on the gearbox can give it a try... Jetta?? are you seriously or joking? you tot Sillyporean really Silly, never learn lesson unless those who never do homework before buying car 1 Link to post Share on other sites More sharing options...
Mcist 1st Gear May 7, 2014 Share May 7, 2014 (edited) Isn't it amazing? ADs reduce car prices by 10k-15k and COE really went down by 10k!Kelong !!! Kelong !!! Kelong !!!See the corelation ? Layman like us also can see liao leh Edited May 7, 2014 by Mcist 1 Link to post Share on other sites More sharing options...
Kar_lover Supercharged May 7, 2014 Share May 7, 2014 Jetta?? are you seriously or joking? you tot Sillyporean really Silly, never learn lesson unless those who never do homework before buying car I am NOT recommending it and I wouldn't touch it with a 10 foot pole. All I am saying is that for some, if the price drops below $120K (which I think is very possible) it may be too tempting to resist. Anyway heard that Golf is much more reliable (though same GB) and it cost only a few thousand more than Jetta so maybe can get that instead? My friend has the past 3 generations of Golf (incl current one) and never encountered any problem. Link to post Share on other sites More sharing options...
Mcist 1st Gear May 7, 2014 Share May 7, 2014 (edited) 50% down payment is not major killer for buyer, based on CAT A COE 60k, so normal B&B CAT A car price should drop to 100k around, if trade in old car 30k in average, then 70k for car price, 50% down payment only 35k, most family should not be problem in current Singapore society, moreover 50% down payment also save interest actually, even if w/o this policy, I also tried to pay as much as possible in first payment, unless you want CAT B premium categroy cars, that is only for rich man's game Sorry har... your B&B mean bread & butter right ? not benz & bm hor.... i blur i absolutely agreed that we should down as much as possible Edited May 7, 2014 by Mcist Link to post Share on other sites More sharing options...
Enye Hypersonic May 7, 2014 Share May 7, 2014 50% down payment is not major killer for buyer, based on CAT A COE 60k, so normal B&B CAT A car price should drop to 100k around, if trade in old car 30k in average, then 70k for car price, 50% down payment only 35k, most family should not be problem in current Singapore society, moreover 50% down payment also save interest actually, even if w/o this policy, I also tried to pay as much as possible in first payment, unless you want CAT B premium categroy cars, that is only for rich man's game Tell that to those who not only have to top up on their old cars and also pay 50% for the new cars Link to post Share on other sites More sharing options...
Quantum 5th Gear May 7, 2014 Share May 7, 2014 Sorry har... your B&B mean bread & butter right ? not benz & bm hor.... i blur of course Link to post Share on other sites More sharing options...
Ahgong Supercharged May 7, 2014 Share May 7, 2014 so govt won liao, as they expected, CAT A dropped to every one affordable reange, CAT B dropped to rich man affordable affordable my ass ah. that pesky 40% downpayment is still a hurdle for most people leh. Link to post Share on other sites More sharing options...
Mcist 1st Gear May 7, 2014 Share May 7, 2014 Which B&B car can sell at 100k if COE at 60k? most of B&B car OMV are more than 20k. Think B&B cars... bread & butter cars at 100k... COE need to be around 40k ba Link to post Share on other sites More sharing options...
Devilcup 3rd Gear May 7, 2014 Share May 7, 2014 (edited) looking at CAT A and B... Cat B ard 780 and cat A ard 680 bidding... it seems like Cat A not alot of order this time round... but still there is a few k drop for Cat B huat ar! http://www.onemotoring.com.sg/1m/coe/coeDetail.html Edited May 7, 2014 by Devilcup ↡ Advertisement Link to post Share on other sites More sharing options...
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