2016 May, 1st COE Bidding Exercise

[Carstar]

Lol so naive of some people to think that all these big company don't know what they are doing. They are here to make money, and truly they know when the best time to buy a new car. So to those who think they will get cheaper coe next year. Rethink.

[Kia7200]

Wow got insider tips again lol...

[Heng]

interesting, thread goes around so slowly.

 

no 1 predicting either A or B to be 20k? hmmm.

What I mean is, there could come a time where Cat A is $60k because of Uber and Cat B is $40k because there is not so many premium pte hire cars.

Imagine the public outcry because Cat A is higher than Cat B. People will say the rich pay lower Coe.

[Char]

In Singspore as long you can afford to own a car already can consider rich .

[Pocy]

In Singspore as long you can afford to own a car already can consider rich .

.... and pay cash. LOL

What I mean is, there could come a time where Cat A is $60k because of Uber and Cat B is $40k because there is not so many premium pte hire cars.

Imagine the public outcry because Cat A is higher than Cat B. People will say the rich pay lower Coe.

Cat B has never been short of demand. Don't underestimate hor ..... quite a number own more than one Edited May 3, 2016 by Pocy

[Arch1984]

Uber rental rates are considered quite low given that servicing, maintenance, car spoil, commercial insurance, road tax etc are covered. They are running the car rental biz to increase uber market share in Singapore. It is not their long term plan i feel given that it is so capital intensive.

[helloeveryone]

In Singspore as long you can afford to own a car already can consider rich .

Don't think so. Those who own 2nd property after 2013 is the true rich ppl. They would have probably forked out 200k in cash easily.

[Char]

Let say you buy 100k car deposit 40k and 60k loan or cash ? if you have cash 60k better pay in full or buy some corporate bond that give you 4-5%. Which decision is better ?

[K20VTEC]

Stupiak rules from LTA to allow private own car to earn money right ? Making more cars on road and more congestion now than before .

Cars being used for private hire are registered as company vehicle with insurance for commercial purposes.

frm this mth onwards, dealers must sell at least 2,100 vehicles every wk!!

otherwise... $1 COE.

Its definitely possible

And...

 

If season parking for HDB is $400 per month :)

 

 

The happiness in monetary savings if offset with daily frustrations (twice a day), that's excluding work frustrations.

Even more frustrations if you have to change trains/ buses

[Apple-Tree]

A lot of people do not really understand corporate bond, unlike government bonds and treasury, they are generally prune to default.

 

Why companies issue bond attracting 5,6,7 ..... even 8% interest ?

 

It is because even banks think twice when lending to them lor

 

 

And BTW, current Chinese CBs default are at record high, and it will affect issues here.  It is a confidence thing.

 

Of course, there are good companies that issue bonds, which are mostly likely to be suck up by SWF.  Which in turn sell you a government marketable securities at 0.9% which they bought at 5%.

 

Recently, we are in the world spotlight again on BT, AP, Reuter, Bloomberg.  

 

 

http://www.businesstimes.com.sg/banking-finance/singapores-aunties-and-uncles-take-risks-in-hunt-for-yield

 

It is such a lousy deal !!!

 

 

 

 

Let say you buy 100k car deposit 40k and 60k loan or cash ? if you have cash 60k better pay in full or buy some corporate bond that give you 4-5%. Which decision is better ?

 

[kmttan]

Let say you buy 100k car deposit 40k and 60k loan or cash ? if you have cash 60k better pay in full or buy some corporate bond that give you 4-5%. Which decision is better ?

 

To avoid finance penalty, buyer will have to take a minimum loan of $30K over a year. Advisable to put this in a 2% FD offered by several banks. 

[GohLaiChye]

Seem like there is some people view that the COE may go up to 60K again, personally i think it is not possible. One year ago the COE quota is only 1/3 of now, the COE level is at 60K. Now it have increase 3 time, even will Uber coming in, they are just contributing less than 10% of the quota, how can it be possible for the COE to go back to 60K.

 

CAT lowest is 43K this year, last round is 47K, diff is 4K, not big gap. thursday may see a increase of another 1-2K. But I see all this is short term, I am sure it will be back to around 45K in July, than around 40K by end of the year or even lower, there is no reason for it to be so high,let see if my view is correct by end of this year.

[tanahteck]

Laichye laichye, I hope you are right so that I can change new car again by end year.

[GohLaiChye]

Laichye laichye, I hope you are right so that I can change new car again by end year.

Don't worry, we go change car together, I am aiming for XV, let go buy together, get some discount, haha, you know?

Don't worry, we go change car together, I am aiming for XV, let go buy together, get some discount, haha, you know?

you know me?

[Ct3833]

In Singspore as long you can afford to own a car already can consider rich .

Imagine two Singaporelang earning about the same income, one buys a car and the other one takes  MRT, who is richer?  

[Ttl1976]

Don't worry, we go change car together, I am aiming for XV, let go buy together, get some discount, haha, you know?

 

you know me?

swee.

I can change car again.

Song song gao jurong.

1 yr change few times

Imagine two Singaporelang earning about the same income, one buys a car and the other one takes MRT, who is richer?

Some pple see $$$ in bank feel happy and richer.

Some pple drive new car feel happy and also feel richer.

 

ha ha ha

[Char]

Imagine two Singaporelang earning about the same income, one buys a car and the other one takes MRT, who is richer?

Of corse take MRT will make you reacher .

[Carstar]

Seem like there is some people view that the COE may go up to 60K again, personally i think it is not possible. One year ago the COE quota is only 1/3 of now, the COE level is at 60K. Now it have increase 3 time, even will Uber coming in, they are just contributing less than 10% of the quota, how can it be possible for the COE to go back to 60K.

 

CAT lowest is 43K this year, last round is 47K, diff is 4K, not big gap. thursday may see a increase of another 1-2K. But I see all this is short term, I am sure it will be back to around 45K in July, than around 40K by end of the year or even lower, there is no reason for it to be so high,let see if my view is correct by end of this year.

Lol if only coe are so easily explained like you say. Coe will hit 20k by now.