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COE - May 2014


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Turbocharged

 

But I see many altis on the road vs Mazda 3. Another case of consumers buying blindly? If me I sure take mazda 3.

Because it is a Toyota. Period. And do you know Toyota is going to use Mazda skyactiv engine for certain small cc soon?...

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Turbocharged

How bout kia k3 compare to the mz3 ?

My 2nd choice after the arrival of mz3..

 

Mz3

I like; handling, build.. It's a drivers car.

I dislike; rear seat very cramp

 

K3

I like; more rear space, rear aircon

I dislike; numb steering feel.

 

And why I only consider these 2 currently?.. Both also 6at... If you do read most of my post on gb aspect will know , I don't like cvt. Period..

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Because it is a Toyota. Period. And do you know Toyota is going to use Mazda skyactiv engine for certain small cc soon?...

WAH... like that, that car will be toyota mazda?

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For cars, the financial curbs were NOT meant to specifically reduce COE per se (I don't know why ppl keep thinking it is). It was to protect consumers from "over-extending" themselves by making it harder to get financing for cars. Of course logic dictates that COE should automatically drop since there are now less buyers who are able (or willing) to afford the high dp. Without the loan curbs, today's COE could be 6 figure already compared to the $60k-$70k now. I remember back in 2013 just before the loan curbs it was flirting at the $90k range.

 

You are asked to pay up a car by Year 5 where it can be scraped for 75% of ARF, 50% of remaining COE and body value? That sounds like over protecting the consumers.

 

The measures are to bring down prices as politically it is costly. Car is a consumption item.

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Supercharged
(edited)

How bout kia k3 compare to the mz3 ?

 

Although I am a previous Kia owner and C&C Kia did a great job, I would go for Mz3.

Edited by Kar_lover
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Hypersonic
(edited)

Last time 1.6l cars were priced just below $100k coe prices were <$30k. So are we going to see $30k coe soon?

 

Hehe

Edited by Enye
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Supercharged

You are asked to pay up a car by Year 5 where it can be scraped for 75% of ARF, 50% of remaining COE and body value? That sounds like over protecting the consumers.

 

The measures are to bring down prices as politically it is costly. Car is a consumption item.

 

Yep I agree. I am NOT a fan of the loan curbs - it is way to harsh, 70% for 7 years would be more acceptable. I said long ago when they were first announced that we are not babies (and neither are the banks) and we (and the banks) can make our own decisions. We don't need govt's "protection".

 

I usually prefer not to post political comments as they are often cynical in nature. But since you brought it up, actually the average Singaporean is probably less happy now cos the loan curbs have made a separation between the haves and the have-nots. Those not so rich are structurally prevented from buying a car as they don't have the upfront downpayment. In the past a person earning $3k a month, if die die want to have car can still buy one. But with the high dp, a person earning $3k per month now has to save for few years before he can even think of getting one. So in fact the curbs isn't doing the govt any political favours.

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Yep I agree. I am NOT a fan of the loan curbs - it is way to harsh, 70% for 7 years would be more acceptable. I said long ago when they were first announced that we are not babies (and neither are the banks) and we (and the banks) can make our own decisions. We don't need govt's "protection".

 

I usually prefer not to post political comments as they are often cynical in nature. But since you brought it up, actually the average Singaporean is probably less happy now cos the loan curbs have made a separation between the haves and the have-nots. Those not so rich are structurally prevented from buying a car as they don't have the upfront downpayment. In the past a person earning $3k a month, if die die want to have car can still buy one. But with the high dp, a person earning $3k per month now has to save for few years before he can even think of getting one. So in fact the curbs isn't doing the govt any political favours.

Without the loan curb, COE would be 6 digits last year. At 100-200k per piece (example), it is still going to separate the have and have-not, knowing the median income here. The fianancing curbs are to curb demand, not to protect the consumers. COE is a tax and we need to bear that in mind.

 

The guy earning 3k should just BMW (sorry, it might sound elitist but it is the hard truth), the govt is doing him/her a favour. If he leveraged high high to buy a real BMW, he is still going to vote against the govt for making his life so difficult. The irresponsibles are going to blame everyone except themselves.

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(edited)

 

Yep I agree. I am NOT a fan of the loan curbs - it is way to harsh, 70% for 7 years would be more acceptable. I said long ago when they were first announced that we are not babies (and neither are the banks) and we (and the banks) can make our own decisions. We don't need govt's "protection".

 

I usually prefer not to post political comments as they are often cynical in nature. But since you brought it up, actually the average Singaporean is probably less happy now cos the loan curbs have made a separation between the haves and the have-nots. Those not so rich are structurally prevented from buying a car as they don't have the upfront downpayment. In the past a person earning $3k a month, if die die want to have car can still buy one. But with the high dp, a person earning $3k per month now has to save for few years before he can even think of getting one. So in fact the curbs isn't doing the govt any political favours.

If you are a Parent and your child is bad, will you take the right actions to stop him or will you continue to play it his way so that he is happy with you.

 

If you have two children, one good , one bad, will you allow the bad one to hurt the good one?

 

If i am the Govt, i will be harder that that.

COE full cash payment only, bidding only with full cash as deposit

Car price 50% down

Loan tenure max 3 yrs

All TDSR applies.

Edited by Throttle2
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the paper is a spokesman for the the govt. higher coe will generate higher revenue for the govt. that is probably why you are reading the same thing again and again

3 days in a row, Straits time keep publishing almost similar article... Whats their agenda ah???

 

8 May page A2: SMALL CAR COE PRICES DIVE TO 21 MONTH LOW

 

9 May page A2: Motor traders dangle discount as COE prices slide

 

10 May page A2: Prices of Japanese cars fall below $100,000 mark

 

Are they trying to push the COE prices up but constantly repeating the same article....

 

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Without the loan curb, COE would be 6 digits last year. At 100-200k per piece (example), it is still going to separate the have and have-not, knowing the median income here. The fianancing curbs are to curb demand, not to protect the consumers. COE is a tax and we need to bear that in mind.

 

The guy earning 3k should just BMW (sorry, it might sound elitist but it is the hard truth), the govt is doing him/her a favour. If he leveraged high high to buy a real BMW, he is still going to vote against the govt for making his life so difficult. The irresponsibles are going to blame everyone except themselves.

Hard truth must give it hard

Dont be sorry

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Turbocharged

If you are a Parent and your child is bad, will you take the right actions to stop him or will you continue to play it his way so that he is happy with you.

 

If you have two children, one good , one bad, will you allow the bad one to hurt the good one?

 

If i am the Govt, i will be harder that that.

COE full cash payment only, bidding only with full cash as deposit

Car price 50% down

Loan tenure max 3 yrs

All TDSR applies.

Will you be running for a seast in coming ge?? Hehehe.. You will get my vote if I can vote ...

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Hypersonic

If you are a Parent and your child is bad, will you take the right actions to stop him or will you continue to play it his way so that he is happy with you.

 

If you have two children, one good , one bad, will you allow the bad one to hurt the good one?

 

If i am the Govt, i will be harder that that.

COE full cash payment only, bidding only with full cash as deposit

Car price 50% down

Loan tenure max 3 yrs

All TDSR applies.

 

you raid the reserves

 

-_-

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Will you be running for a seast in coming ge?? Hehehe.. You will get my vote if I can vote ...

 

Dont be so sure yet, my friend.

 

I am the kind who doesnt spare the rod and spoil the child.

 

But honestly i am too straight for politics.

I would only make a damn bloody good dictator

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Dont be so sure yet, my friend.

 

I am the kind who doesnt spare the rod and spoil the child.

 

But honestly i am too straight for politics.

I would only make a damn bloody good dictator

Judging from your popularity in MCF, I don't think you will make a good politician. LOL...

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