Powxus 3rd Gear October 17, 2014 Share October 17, 2014 the end result could b even more or roughly the same if COE Premium is lower n the number of new COE for reg is high. eg. current quota for Cat A 575 per bidding exercise, last round COE Premium was ~$64k. total Cat A revenue = $36.8M. if Cat A quota is 1500 n if the COE Premium dropped to $30k (!!), total Cat A revenue = $45M. even if the COE Premium dropped to $25k (!!!), total Cat A revenue = $37.5M. If gov want to squeeze more, they would give a less COE, on grounds to balance in lull years, so as to maintain a higher COE then collect more. Why can't we have 1000 CAT A at $45k, total CAT A revenue of $45M lol. ↡ Advertisement Link to post Share on other sites More sharing options...
Hamburger Hypersonic October 17, 2014 Share October 17, 2014 do you really think garment do not know AD are the ones who are responsible for all the high coe? Let them be the bad guys while i sit back and collect the cash cow. Link to post Share on other sites More sharing options...
yo2020 6th Gear October 17, 2014 Share October 17, 2014 With the potential higher deregisteration figures next yr but coupled with the reduction of vehicle growth rate to 0.25%, what you guys think would be the estimated % increase in coe quota for say the next two quarters after this, ie Feb-Apr 15, May-July 15? see my post here: http://www.mycarforum.com/topic/2696340-nov-2014-to-jan-2015-coe-quota/?p=5314566 Link to post Share on other sites More sharing options...
Damienic 5th Gear October 17, 2014 Share October 17, 2014 see my post here: http://www.mycarforum.com/topic/2696340-nov-2014-to-jan-2015-coe-quota/?p=5314566 26% looks good. but did you take into account 0.25% veh growth rate as per what bro forte asked you? Link to post Share on other sites More sharing options...
yo2020 6th Gear October 17, 2014 Share October 17, 2014 26% looks good. but did you take into account 0.25% veh growth rate as per what bro forte asked you? yes, the detailed answer is also there. 0.25% less is nothing. Link to post Share on other sites More sharing options...
Jimmylim 4th Gear October 17, 2014 Share October 17, 2014 Many years back is because of change in gov policy to allow more cars and then charge by usage. Think they realize later that this is a mistake since people will want to use the car once they have brought it. Well, we shall see then. Keeping fingers crossed. 1 Link to post Share on other sites More sharing options...
Powxus 3rd Gear October 17, 2014 Share October 17, 2014 Well, we shall see then. Keeping fingers crossed. Unlikely there will be any change in policy till maybe the GPS ERP system is up. 1 Link to post Share on other sites More sharing options...
Neutralsg 5th Gear October 17, 2014 Share October 17, 2014 (edited) Thank you Wt_know for the post. For once, I see a post which debunks the false notion of a purchase being a lease or rent just because it has a time frame for ownership i.e. when it no longer remains under credit. i think you cor-wrong ... a buy is a buy ... period. hdb ... 99 years leasehold .... you buy condo ... 99 years leasehold ... you buy landed ... freehold ... you buy you buy you can sell whether it is 10 years 99 years or forever you lease/rent you cannot sell ... can you? can you lease an apartment and sell it? can you rent a car and sell it? you buy a car even though the life span is 10 years ... you own it for that 10 years 1 day i happy i spray the car red color 1 day i happy i spray the car blue color 1 day i sway i scratch the door and i don't repair it ... i happy can liao ... can you do that if your car is on leased or rental? there is a clear difference whether you own and not own the car right ... anything that is on your name ... you own it ... for how long ... that's another question that's why people say if your car mortgage or home mortgage is not fully paid ... you don't own it yet if paid FULL ... you definitely own it ... Edited October 17, 2014 by Neutralsg 1 Link to post Share on other sites More sharing options...
Damienic 5th Gear October 17, 2014 Share October 17, 2014 yes, the detailed answer is also there. 0.25% less is nothing. keeping my fingers crossed...hope you are right then... Link to post Share on other sites More sharing options...
ST69 4th Gear October 17, 2014 Share October 17, 2014 (edited) Many years back is because of change in gov policy to allow more cars and then charge by usage. Think they realize later that this is a mistake since people will want to use the car once they have brought it. I do doubt that. I recall charge by usage was introduced so that it can allow people to own cars (since its many people's aspiration) because owning a car doesnt cause congestion, using it does. Now, we 'happily' have both. Its a question of how much to charge for usage. If ERP increase to $10, how many more would change route? If not $15, or $20. At each price point, some will drop out. To me, the question is how to still continue to get the revenue streams both from ownership & usage with a steady yty growth, as this is needed to help the budget. SERP wld clearly be the way, since you may not see upfront hefty sum deducted, but it maybe charged based on $/100m like a taxi meter. So, if you travel stretch of congested road at peak hr, its not one time $5, it maybe 50ct per 100m, which sounds ok upfront, for sure no one will even blink an eyelid. There is so much potential with this new system to easily tweak & adjust the rates vs now. Its like revenue on tap! Edited October 17, 2014 by ST69 Link to post Share on other sites More sharing options...
Powxus 3rd Gear October 17, 2014 Share October 17, 2014 I do doubt that. I recall charge by usage was introduced so that it can allow people to own cars (since its many people's aspiration) because owning a car doesnt cause congestion, using it does. Now, we 'happily' have both. Its a question of how much to charge for usage. If ERP increase to $10, how many more would change route? If not $15, or $20. At each price point, some will drop out. To me, the question is how to still continue to get the revenue streams both from ownership & usage with a steady yty growth, as this is needed to help the budget. SERP wld clearly be the way, since you may not see upfront hefty sum deducted, but it maybe charged based on $/100m like a taxi meter. So, if you travel stretch of congested road at peak hr, its not one time $5, it maybe 50ct per 100m, which sounds ok upfront, for sure no one will even blink an eyelid. There is so much potential with this new system to easily tweak & adjust the rates vs now. Its like revenue on tap! That is why they are willing to invest despite a heavy price to pay for infrastructure cost. GPS signal is going to be weak in buildup areas and you would probably need a lot of base transmitter on the ground to accurately pin the exact location couple with DGPS base station. Link to post Share on other sites More sharing options...
Quantum 5th Gear October 17, 2014 Share October 17, 2014 the end result could b even more or roughly the same if COE Premium is lower n the number of new COE for reg is high. eg. current quota for Cat A 575 per bidding exercise, last round COE Premium was ~$64k. total Cat A revenue = $36.8M. if Cat A quota is 1500 n if the COE Premium dropped to $30k (!!), total Cat A revenue = $45M. even if the COE Premium dropped to $25k (!!!), total Cat A revenue = $37.5M. if you can earn $45M, why want $37.5M only Link to post Share on other sites More sharing options...
Mrmilktooth Supercharged October 17, 2014 Share October 17, 2014 Make no sense to extend given PQP is so high. The price of brand new car and the depreciation is lower than 2nd hand cars. Lease damn lay chek. Especially for those who retain # plate. if renew cat a coe, say 5 years.. ard 30K. per year 6K. per month 500.. you mean new cars got such good deal??.. other conditions not withstanding... Link to post Share on other sites More sharing options...
ST69 4th Gear October 17, 2014 Share October 17, 2014 if renew cat a coe, say 5 years.. ard 30K. per year 6K. per month 500.. you mean new cars got such good deal??.. other conditions not withstanding... Cant just look at COE depreciation only. What abt the parf of your car? What about roadtax increase to 150%? What abt trouble free driving & joy of driving a new car? Unless you are driving a damn solid car or very well taken care of, even then, after 10yrs, one by one things will fall apart, dont you need to $$$ here? unless you are a mechanic or have your own workshop... Link to post Share on other sites More sharing options...
yo2020 6th Gear October 17, 2014 Share October 17, 2014 if renew cat a coe, say 5 years.. ard 30K. per year 6K. per month 500.. you mean new cars got such good deal??.. other conditions not withstanding... the minimum PARF that u will lose by renewing COE shld b abt $10k. so, ($30k + $10k) / 5 = $8k per yr. take note of higher road tax too. a brand new Mazda 3 is abt $10k per yr. Link to post Share on other sites More sharing options...
Mrmilktooth Supercharged October 17, 2014 Share October 17, 2014 Cant just look at COE depreciation only. What abt the parf of your car? What about roadtax increase to 150%? What abt trouble free driving & joy of driving a new car? Unless you are driving a damn solid car or very well taken care of, even then, after 10yrs, one by one things will fall apart, dont you need to $$$ here? unless you are a mechanic or have your own workshop... my jap car very cheap. parf only 6K foregone.. still only 1.2K per year (even if count 5years.) = 100 per month. if i just need a pt. A to B car and dont need to squeeze with others on public transport. it costs so much less than a new car. 1.6L road tax max 150% is also 1K.. not that expensive la.. compared to new car.. wear and tear parts also available easy and cheap.. driving a new car means nothing to me if i have to fork out so much $$.. i rather spend on my family.. 2 Link to post Share on other sites More sharing options...
Achtung 6th Gear October 17, 2014 Share October 17, 2014 Oh well, different strokes for different folks. Can see various calculations coming into play. my jap car very cheap. parf only 6K foregone.. still only 1.2K per year (even if count 5years.) = 100 per month. if i just need a pt. A to B car and dont need to squeeze with others on public transport. it costs so much less than a new car. 1.6L road tax max 150% is also 1K.. not that expensive la.. compared to new car.. wear and tear parts also available easy and cheap.. driving a new car means nothing to me if i have to fork out so much $$.. i rather spend on my family.. 1 Link to post Share on other sites More sharing options...
Little_prince Supersonic October 17, 2014 Share October 17, 2014 (edited) if renew cat a coe, say 5 years.. ard 30K. per year 6K. per month 500.. you mean new cars got such good deal??.. other conditions not withstanding... once you renew. you lose your parf. perversely, this would make it more worth it to renew older jap B&B cars than a luxury conti. http://www.sgcarmart.com/used_cars/info.php?ID=434568&DL=2547 e.g a car like this omv 78k. parf abt 43k. renew coe 60k pqp. will end up lose abt 10k per yr. not to mention, the increased maintenance cost and additional roadtax. just curious. if renew the COE can take loan? or full cash? Edited October 17, 2014 by Little_prince ↡ Advertisement Link to post Share on other sites More sharing options...
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