2016 May, 1st COE Bidding Exercise

[helloeveryone]

Technically speaking, kjs doesn't exist. Most will tell you they buy cars due to their cars coming to end of life, high repair cost, family size growth or rich that change car as and when their liking etc. In summary, they can afford, not ks.

 

So what do we left with to be classified under kjs category?

 

On the other hand, cps do present. They are the group that couldn't afford or stingy/miser that is sour grape and start calling name to those that classified under the above category. Do you see those group above calling name to those that is classified under the latter category?

 

Pls correct me if I am wrong.ty

Agree. Those could not afford or not willing to pay the current coe are blaming those new car buyers of being not prudent or being kiasu spider. Other than blaming others, what else could them do?

[Axela72]

cheapo spider for example, ppls can stay at home without job and wimp about kjs prevent the coe from going down, instead of going out to work and earn the money so as to afford buying car.

 

Cant afford, just work harder or work 2 jobs etc

 

 

 

What's CPS?

 

Edited May 1, 2016 by Axela72

[Tinytok]

when i took my new Orlando few weeks back, my Kia Rio can still be driven to Mar17

But i saw the dive and how quickly it bounce back, i took the decision now.

CAT B COE

PQP for April 14 = 79k

PQP for April 15 = 71k

PQP for April 16 = 47k

PQP for April 17 = I hope its going to be 58k so i can smile and say i change car at the right time. LOL.

 

JAN 13 COE = 96k

Feb 16 COE = 38k

- This is about 51% from Peak.

Apr 16 COE=49k

- This is about 38% from peak

 

I think COE will not Go below 30k which is 60% on Peak

unless there's a so call "Black swan" event, e.g Leman brothers.

 

Now today, financial end, a lot of countries are quite stable.

- US doing well, once china picks up, interest rate will go up again.

- Singapore gets lots of influence from the few big regions in the world, but relatively stable at the moment towards downside i would say.

- China, Europe and Japan continue printing money

- China look set to make a come back after stagnant for few year

- Oil is going to be stabilize.

 

For the next few years, if china comes up, things will start to move again together with US.

- i think "Black Swan" typically comes when US Fed fund rates move towards 5% mark, this trend could now be around 4% mark as economic cycles were artificially engineered in the last 10 years with money printing.

- Today fed fund rate at on 0.5%, a distance away for the 4% mark.

 

Garment or any MNC will not like Volatility

- Car population at - 0.25% P.A, slow and steady decline

 

Private taxi like Grab and Uber will cushion the effect of those at the lower income bracket whom can afford to change car during 2008/2009. Assuming they are earning 2k/month today and not likely to be able to own another car at today's baseline.

But they die die need a car to ferry aged parents/Kids etc etc..

For me, i would quit this 2K/Month and drive Uber/Grab, get a salary > or around 2k / month (CPF and benefits aside) and still gets a car to keep up with what it is today. This further cushion off the decline of COE.

 

Guesstimate for MAy 16 1st round,

CAT A=47K

CAT B=48k

CAT E=48k

 

Have a Good weekend.

 

 

 

 

 

 

 

 

 

 

Edited May 1, 2016 by Tinytok

[Audi2016]

when i took my new Orlando few weeks back, my Kia Rio can still be driven to Mar17

But i saw the dive and how quickly it bounce back, i took the decision now.

CAT B COE

PQP for April 14 = 79k

PQP for April 15 = 71k

PQP for April 16 = 47k

PQP for April 17 = I hope its going to be 58k so i can smile and say i change car at the right time. LOL.

 

JAN 13 COE = 96k

Feb 16 COE = 38k

- This is about 51% from Peak.

Apr 16 COE=49k

- This is about 38% from peak

 

I think COE will not Go below 30k which is 60% on Peak

unless there's a so call "Black swan" event, e.g Leman brothers.

 

Now today, financial end, a lot of countries are quite stable.

- US doing well, once china picks up, interest rate will go up again.

- Singapore gets lots of influence from the few big regions in the world, but relatively stable at the moment towards downside i would say.

- China, Europe and Japan continue printing money

- China look set to make a come back after stagnant for few year

- Oil is going to be stabilize.

 

For the next few years, if china comes up, things will start to move again together with US.

- i think "Black Swan" typically comes when US Fed fund rates move towards 5% mark, this trend could now be around 4% mark as economic cycles were artificially engineered in the last 10 years with money printing.

- Today fed fund rate at on 0.5%, a distance away for the 4% mark.

 

Garment or any MNC will not like Volatility

- Car population at - 0.25% P.A, slow and steady decline

 

Private taxi like Grab and Uber will cushion the effect of those at the lower income bracket whom can afford to change car during 2008/2009. Assuming they are earning 2k/month today and not likely to be able to own another car at today's baseline.

But they die die need a car to ferry aged parents/Kids etc etc..

For me, i would quit this 2K/Month and drive Uber/Grab, get a salary > or around 2k / month (CPF and benefits aside) and still gets a car to keep up with what it is today. This further cushion off the decline of COE.

 

Guesstimate for MAy 16 1st round,

CAT A=47K

CAT B=48k

CAT E=48k

 

Have a Good weekend.

 

Thanks for the financial analysis lol. Enjoy your new car!!

cheapo spider for example, ppls can stay at home without job and wimp about kjs prevent the coe from going down, instead of going out to work and earn the money so as to afford buying car.

 

Cant afford, just work harder or work 2 jobs etc

 

Haha although I agree with what you say.. sometimes work harder, income nvr increase le.. it's not proportionate so simple. Have limitations or restrictions one.

 

Go outside and get more jobs just to buy car or afford the COE.. sounds ridiculous and far fetched to me. People like these shouldn't be even considering a car at all.

 

But sometimes they cannot accept the truth.

[Axela72]

the problem is ppls under this group will tell you they need a car not want a car. w/o a car will die. So what to do other than just hoping the coe will drop?

 

Besides, in this group, there is a portion that car afford a cheaper car but in hoping if coe drop further so that they can get a better drive. E.g. at current coe, they car afford QQ. If coe drop further, they can use the same amount to purchase a Harrier instead. I see some folk can recommend them to get 2nd hand or cheaper car but they didnt realize these buyers truth motive for coe drop. Or even paid the whole car by cash instead of loan so that they can save the 7 to 10k interest rate.

 

There is a grey area between prudent vs stingy/miser depending on the truth motive behind which only the owner will know

 

 

Haha although I agree with what you say.. sometimes work harder, income nvr increase le.. it's not proportionate so simple. Have limitations or restrictions one.

 

Go outside and get more jobs just to buy car or afford the COE.. sounds ridiculous and far fetched to me. People like these shouldn't be even considering a car at all.

 

But sometimes they cannot accept the truth.

 

Edited May 1, 2016 by Axela72

[Yeshe]

Technically speaking, kjs doesn't exist. Most will tell you they buy cars due to their cars coming to end of life, high repair cost, family size growth or rich that change car as and when their liking etc. In summary, they can afford, not ks.

 

So what do we left with to be classified under kjs category?

 

On the other hand, cps do present. They are the group that couldn't afford or stingy/miser that is sour grape and start calling name to those that classified under the above category. Do you see those group above calling name to those that is classified under the latter category?

 

Pls correct me if I am wrong.ty

I m in no position to correct u but kjs or kiasu in sg definitely exist. I know people whose ride can last for few yrs but yet decides to change mainly fearing prices of car will be too high by the time their ride expires. This one not kjs is call what? Similarly, I have a close fren whose ride just expired in jan 2016, but instead of buying a new ride, he choose to wait out to get a 2nd hand ride to last till end of the year. I call that prudent because that guy can full cash a 5er anytime if he wants to.

[Axela72]

Can also called as rich or can afford?

 

I m in no position to correct u but kjs or kiasu in sg definitely exist. I know people whose ride can last for few yrs but yet decides to change mainly fearing prices of car will be too high by the time their ride expires. This one not kjs is call what?

 

[Char]

I m in no position to correct u but kjs or kiasu in sg definitely exist. I know people whose ride can last for few yrs but yet decides to change mainly fearing prices of car will be too high by the time their ride expires. This one not kjs is call what? Similarly, I have a close fren whose ride just expired in jan 2016, but instead of buying a new ride, he choose to wait out to get a 2nd hand ride to last till end of the year. I call that prudent because that guy can full cash a 5er anytime if he wants to.

Your friend is SS as he knew that the quotas only will increase from mid 16 to end 17 .

Thanks for the financial analysis lol. Enjoy your new car!!

 

 

Haha although I agree with what you say.. sometimes work harder, income nvr increase le.. it's not proportionate so simple. Have limitations or restrictions one.

 

Go outside and get more jobs just to buy car or afford the COE.. sounds ridiculous and far fetched to me. People like these shouldn't be even considering a car at all.

 

But sometimes they cannot accept the truth.

Some also just because wants to own a car and change job to become Ubor driver .

[Carstar]

Your friend is SS as he knew that the quotas only will increase from mid 16 to end 17 .

Some also just because wants to own a car and change job to become Ubor driver .

Why do everyone thinks that those extra coe are spare one? Not as if people scrap thier car already then not buying.

[Audi2016]

I m in no position to correct u but kjs or kiasu in sg definitely exist. I know people whose ride can last for few yrs but yet decides to change mainly fearing prices of car will be too high by the time their ride expires. This one not kjs is call what? Similarly, I have a close fren whose ride just expired in jan 2016, but instead of buying a new ride, he choose to wait out to get a 2nd hand ride to last till end of the year. I call that prudent because that guy can full cash a 5er anytime if he wants to.

 

Again, I would like to stress, many people buy cars for different reasons. No right or wrong. Just because one buyer feels the need to drive the car for 10 years doesn't mean everyone need to do the same. There's no point forcing this sort of mindset or any other form on others just to prove a point or get people to align to your side.

 

When forcing a particular mindset onto others and name calling are involved, I find it downright childish and uncalled for.

 

So far, as mentioned by Axela72, the name calling has been from one direction only 

[Char]

Why do everyone thinks that those extra coe are spare one? Not as if people scrap thier car already then not buying.

Higher quota meaning lower premiums .... Those pirate hire was unexpected one ....

[Audi2016]

Your friend is SS as he knew that the quotas only will increase from mid 16 to end 17 .

 

 

If people need to find out more about different types of spiders, they can just come to MCF.

[BenTong]

It's natural to want a Low COE if one is trying to buy a car. Unfortunately looking at the orders over the car show and the rumoured strong crowd at showrooms, unlikely to see COE tending down these few months. You can also in the reluctance of SEs giving freebies. Not to mention some new popular models coming out second half of the year.

 

May even see COE breaching the $55K.

[tmsan]

the 50k will be forfeited. u only take back if scrap the car

Thanks, so can only take back 50k when scrap car, then this method renew 10 year more than one time cannot work. So best is to get old car with coe 1 year or less, n standby anytime when coe drop then get new car? Which is the best 9.5yr car to bet on? Altis vios civic again?

[BenTong]

Thanks, so can only take back 50k when scrap car, then this method renew 10 year more than one time cannot work. So best is to get old car with coe 1 year or less, n standby anytime when coe drop then get new car? Which is the best 9.5yr car to bet on? Altis vios civic again?

Be prepared to standby for a longer period bro.. Always better to be prudent..

[Yeshe]

Can also called as rich or can afford?

Oh yes, I forgot, mcf is full cash club. But really, how many can full cash? Not that is a problem to take loan, but to go to the extend to see omv below 20k prefer to qualify for 50% loan is abit extreme.

 

To me, that cannot be classified as can afford...

[helloeveryone]

the problem is ppls under this group will tell you they need a car not want a car. w/o a car will die. So what to do other than just hoping the coe will drop?

 

Besides, in this group, there is a portion that car afford a cheaper car but in hoping if coe drop further so that they can get a better drive. E.g. at current coe, they car afford QQ. If coe drop further, they can use the same amount to purchase a Harrier instead. I see some folk can recommend them to get 2nd hand or cheaper car but they didnt realize these buyers truth motive for coe drop. Or even paid the whole car by cash instead of loan so that they can save the 7 to 10k interest rate.

 

There is a grey area between prudent vs stingy/miser depending on the truth motive behind which only the owner will know

Agree with you! Happen to my friends too.

[Yeshe]

Your friend is SS as he knew that the quotas only will increase from mid 16 to end 17 .

Some also just because wants to own a car and change job to become Ubor driver .

Simi si ss?