Kar_lover Supercharged October 19, 2015 Share October 19, 2015 I mean if given a choice, who wanna buy used? Cannot afford new, then 2nd hand at inflated price . Guess so but i hope ppl realise that going that way is just digging your hole deeper and deeper. Already cant afford to buy new, end up paying even more (in terms of yearly depreciation) for buying used. At next change of car, will lose even more money = even more cannot buy new car and the vicious cycle continues. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Forte3737 5th Gear October 19, 2015 Share October 19, 2015 Hopefully these people buy bikes or take bus and mrt. Otherwise they are just jumping to a big BANKRUPT hole. Guess so but i hope ppl realise that going that way is just digging your hole deeper and deeper. Already cant afford to buy new, end up paying even more (in terms of yearly depreciation) for buying used. At next change of car, will lose even more money = even more cannot buy new car and the vicious cycle continues. Link to post Share on other sites More sharing options...
Tohto Hypersonic October 19, 2015 Share October 19, 2015 The crowd at VW at Vivo last Sat quite good.. but then the entire Vivo very crowded.. Price for Golf start from $99,800.. I also kaypoh go look see.. If I was there, I will also go to the VW road show kapoh, look see look see and get in/out of different car. 2 Link to post Share on other sites More sharing options...
Tohto Hypersonic October 19, 2015 Share October 19, 2015 Used car market now very inflated. Yap. I had gave up looking at used car because the selling price just don't make sense.. Link to post Share on other sites More sharing options...
Tkseah Turbocharged October 19, 2015 Share October 19, 2015 If I was there, I will also go to the VW road show kapoh, look see look see and get in/out of different car. Yup.. went sit in Golf & Jetta and found the center hump quite high.. if got 3 pax sitting behind the center fella will be uncomfortable.. driving position for the Golf quite good tho, a bit feel like race car driver.. 3 Link to post Share on other sites More sharing options...
Ben5266 Supercharged October 19, 2015 Share October 19, 2015 On point 3, if the number of re-validation spike to 1000 and per bidding COE quota is left with 600, will COE premium hit $90K, similar to the time when the quota was around 400? Or like you said, will the premium drop? those who re-validate, will quit COE bidding for now. Yes, the supply for the COE will reduced, but that is for the next quarter. So, current COE price will fall. Because of less bidders. Future, next Q will rise because of less COE. But then, if the COE premium gets soft now, those sitting on the fence to re-validate COE might change their mind. We do not know the dynamic at the moment. maybe, we will have stable COE supply.... but with big swing of COE premium.... 3 Link to post Share on other sites More sharing options...
Mustank Hypersonic October 19, 2015 Share October 19, 2015 my anyhow prediction [bounce2] 2 Link to post Share on other sites More sharing options...
Blueray Hypersonic October 19, 2015 Share October 19, 2015 hmm ... looks like COE revalidations beginng to have a real impact on the quota of COEs. 1 Link to post Share on other sites More sharing options...
kmttan 4th Gear October 19, 2015 Share October 19, 2015 hmm ... looks like COE revalidations beginng to have a real impact on the quota of COEs. i think so too. High COE premium increases re-validation. High re-validation deceases COE supply. Decreased COE supply increases COE premium, which further increases re-validation. But the number is still small (10%) and may not spiral up. Uber may have indirectly caused this. Car owners cannot find reasonable used-car because the prices have been inflated by the Uber Saga. Hence, they renew COE and causes supply to fall. 1 Link to post Share on other sites More sharing options...
Fruit-tart 3rd Gear October 19, 2015 Share October 19, 2015 My guess/prediction: GREENS (at least for Cat A, B, and E) for this round of COE bidding exercise... May have a chance to go below 50k mark this round...? Link to post Share on other sites More sharing options...
Kenneve888 4th Gear October 19, 2015 Share October 19, 2015 My guess/prediction: GREENS (at least for Cat A, B, and E) for this round of COE bidding exercise... May have a chance to go below 50k mark this round...? I also hope more greens, but below $50K? You never give up, haha 5 Link to post Share on other sites More sharing options...
Eyke Supercharged October 19, 2015 Share October 19, 2015 Uber may have indirectly caused this. Car owners cannot find reasonable used-car because the prices have been inflated by the Uber Saga. Hence, they renew COE and causes supply to fall. so should we hope for KBW to ban Uber? Yap. I had gave up looking at used car because the selling price just don't make sense.. nay, it makes a lot of sense...used car dealers Link to post Share on other sites More sharing options...
Cheeky 1st Gear October 20, 2015 Share October 20, 2015 Govt is unlikely to ban Uber but may impose some rules/regulation for Uber drivers. This is because Govt is pro-business and Uber is also a form of public transport. I think this is part of Govt plan to suppress car ownership. Link to post Share on other sites More sharing options...
7hm Turbocharged October 20, 2015 Share October 20, 2015 quota getting nudged here and there... but it's also tempering buyers... could be green 1 Link to post Share on other sites More sharing options...
Blooper77 1st Gear October 21, 2015 Share October 21, 2015 This time bidding so quiet.... Link to post Share on other sites More sharing options...
Matrix0405 5th Gear October 21, 2015 Share October 21, 2015 Time to start engine again. How much is Altis selling and what is Honda's COE rebate? Link to post Share on other sites More sharing options...
Showster Twincharged October 21, 2015 Share October 21, 2015 Almost forgot today is the COE bidding day. Back for adrenaline rush! I think Cat A dips 1K, Cat B / E increases by 3K. 1 Link to post Share on other sites More sharing options...
Heman75 Supercharged October 21, 2015 Share October 21, 2015 please all go red..cos I side line betting all go red hahaha bookie give 1 to 1.5 red.hahah ↡ Advertisement Link to post Share on other sites More sharing options...
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