2016 Jan, 1st COE Bidding Exercise

[Renren85]

I think you'd gain more if you were to sell directly to other drivers. More hassle but I feel that both parties will benefit. Things will be even better for you if you kept records e.g servicing.

 

I believe demand for 2nd hand car should remain stable in the near future as long as:

 

1)Depreciation level is comparable to brand new cars (Direct sellers, used car dealers... that's another story)

2)40 - 50% downpayment required for cars. You pay less for used cars.

3)If COE (Cat A especially) has a slow gradual decline, more people may choose to get a used car (1-3 years old) to wait for the decline to hit bottom.

 

 

I believe will be for short term only. Once COE prices fall again after the next couple of months, used car dealers may start to slash prices to be comparable depreciation rates of new cars. But then it's subjected to point 3 which I stated above.

Direct sale is definitely more worth it but its really a hassle so gave up on that idea. Better to keep life simple especially i have 2 really young kids to worry.

[Frost98]

Do you think the garmen has invisible accounts which put in bids during the bidding process to manipulate prices?

 

Just saying.... not accusing anyone of anything..

Edited January 14, 2016 by Frost98

[Axela72]

Agreed. SE ask me why not scrap the car myself as I can even get back the road tax rebate and body value. I ask him to keep the change due to the hassle involved and no time to do that.

 

Direct sale is definitely more worth it but its really a hassle so gave up on that idea. Better to keep life simple especially i have 2 really young kids to worry.

 

[AthlicSky]

for me, certainly i'm not hoping for a painful recession to hit. but with these few factors based on numhistorical bers, it is hard for COE not to drop over the next few months.

 

1. increasing quotas

2. STI dropping

 

Supply increasing and demand decreasing, you know your basic economics, barring a black swan event.

 

can wait, wait; cannot wait, also try to wait. if really really cannot wait, just go and buy your ride if price is right.

[Imac]

A 2103 Altis?

 

I wonder what features does the car have ahaha.

 

Something like this ??

[IcyColdGemini]

Something like this ??

How about this?

 

(Cant attach pic so here's the URL instead) http://bit.do/DeLorean

[Yeobt]

policy wont say kick in suddenly one... lol, if not there will be many unhappy people and many complains, and also cause many issues... if policy were to kick in, there will be advance notices everytime de lahh.. advance like about 1 year plus... so nothing to worry about.lol.

 

i remember the recent loan curb was kick started within 24 hours right? numerous cooling measures were also done that way if i was not wrong. 

[Yeobt]

Do you think the garmen has invisible accounts which put in bids during the bidding process to manipulate prices?

 

Just saying.... not accusing anyone of anything..

 

i strongly suspecting that the LTA has "ninja' bidder  to control the prices.

see, the COE prices cannot afford to have huge movements. a friend of mine whom was an ex prominent car dealer collapsed and

got sue bankrupt at the time when we were enjoying the cheaper COE prices that cost only a few thousands about 10 years ago.

 

when COE drops, all the used cars they took in earlier will be stucked with interest to be serviced. so, you can expect to see more used

car dealers run road when COE prices tumble. 

 

if our govt really wanted to save this group of bizman, MAS will remove the loan curb to simulate viagra effects on buying during the bad

time. ultimately the banks will have to do their diligent to approve any loans. That was what we had been practicing right?

 

market movement is very important during bad time, banks have biz, everyone happy, and very soon, economy pick up again. the cycle goes on and on... 

 

sorry, i'm just a commoner. i know nuts about economy. i can only think and guess what i can do for my country to stay afloat if i am a Prime Minister. 

[Tcx607]

Today bank stocks drop like knife. Very tempted to shift budget $$$ to stock.

likely to buy blue chip bit by bit along the way. Hope to pay for my new ride in near future.

I stand sideline from new car now. only see no action

Edited January 14, 2016 by Tcx607

[Fruit-tart]

i remember the recent loan curb was kick started within 24 hours right? numerous cooling measures were also done that way if i was not wrong. 

no, the loan curb did not come suddenly, they gave advance notice.. like increase in public transport fare prices, like the min smoking age, they thinking  to shift from 18 to 21 years old.. charging moe schools for parking etc... they will discuss n implement it at later date, and not suddenly. if not confirm everyone will be unhappy and complain...

 

 

hahaha, btw what loan curb ?? if loan curb are strictly in place, then why are there articles and posts about lenders bypassing loan curbs? =.='' even up till now, there are advertisements like: zero downpayment, 10% downpayment etc.. hais... rules and regulations should be kept in place, yet these dealers bypass car loan curbs and are still surviving in this industry.. can meh?

[Ahpan]

for me, certainly i'm not hoping for a painful recession to hit. but with these few factors based on numhistorical bers, it is hard for COE not to drop over the next few months.

 

1. increasing quotas

2. STI dropping

 

Supply increasing and demand decreasing, you know your basic economics, barring a black swan event.

 

can wait, wait; cannot wait, also try to wait. if really really cannot wait, just go and buy your ride if price is right.

 

Everything got up and down, but to some extend it will rebounce back when it is "oversold". ;)

[Dscheng]

Since COE quota will increase to like 20%. Meaning COE price will drop?

[Spidey10]

Since COE quota will increase to like 20%. Meaning COE price will drop?

That's what the bros here are sayin... Dun be kancheong spider... Can wait, wait.. If not...

[Yaloryalor]

 

happy new year!!

Bro, your forecast is much earlier than the LTA release on the available COE quota (LTA only announced yesterday).

 

If you got any more update for the COE quota from May till Jul 2016, please let us know too.

 

Thank you very much!

[Kar_lover]

Those with current ride left 3 yrs will the trade in price fall in tandem with Coe fall?

 

arbarden? But of course there is a limit to how much it can fall which is your scrap value plus small nominal value for body (depending on the condition). Or can try look for dealers who export cars. They might be able to give you a better price.

[Wildfaye29]

yo2020, can project for May to Jul 2016 pls? pls? pls?

[BenTong]

The ADs especially its head honcho association chairman from TC n MI categorically say that COE will not come down due to the overwhelming orders received.

 

Oi people! don't rush la ! we are the ones rugi!

[EricChan]

The ADs especially its head honcho association chairman from TC n MI categorically say that COE will not come down due to the overwhelming orders received.

 

Oi people! don't rush la ! we are the ones rugi!

That statement will create a panic and a stampede