COE bidding 18 May 2016

[Axela72]

10yrs ago, 1 can buy a brand new cars @$35k with $1 deposit n 10yrs loan. Anyone earning $2k plus pm can afford rite?

 

Now even with the new mas regulation

1 new car cost min $80k, deposit $24k and stretch 7yrs also need to pay $800pm. Do u think there will be a similar demand?

 

Yes, the population has increased but predict the coe price to increase is like telling me all those car owners who bought cars 10yrs ago are still alive, still living in sg and can afford to own cars again and willing to pay even higher coe ($47k++) sure there r diff. U can look at the previous record comparing now, the numbers of ppl bidding r lesser

There are so many year to benchmark coe price . Why only base on the insignficant ~3 yrs where coe is lowest? Why dont u benchmark those few years before it drop? Edited May 27, 2016 by Axela72

[Kia7200]

Isnt that common sense?

 

Let us educate u then. Where do the 4k or 8k coe come from? It come from the recycle of current owners that scrap their cars. So while scrapping their ride, u expect them to quit driving to made way for u to buy at cheaper rate (aka due to more quota?)? In that case, will u do the same? If u dont, cant expect others will, right?

 

Talking about bad economic again, if bad economic made ppls cant buy, so why worry as u also cant buy. If u can, why others cant?

Huh? 10yrs ago the car price and loan period and deposit amount r diff. The same group of ppl, not all of them have higher pay or less commitment.

 

Assuming Coe price increase to $60k which some r expecting and 1 car cost $120k. U think all can afford?

There are so many year to benchmark coe price . Why only base on the insignficant ~3 yrs where coe is lowest? Why dont u benchmark those few years before it drop?

Cause this is the current price and the last Coe bidding already shown the demand even including the uber 800Coe. Those who can afford the 90-60k already for their car, then why suddenly because of this new regulation, suddenly those Cannot afford the $50k Coe can afford $60-100k Coe? Edited May 27, 2016 by Kia7200

[Axela72]

Huh? 10yrs ago the car price and loan period and deposit amount r diff. The same group of ppl, not all of them have higher pay or less commitment.

 

Assuming Coe price increase to $60k which some r expecting and 1 car cost $120k. U think all can afford?

Cause this is the current price and the last Coe bidding already shown the demand even including the uber 800Coe. Those who can afford the 90-60k already for their car, then why suddenly because of this new regulation, suddenly those Cannot afford the $50k Coe can afford $60-100k Coe?

Just to feed u with more objective thinking (different perspective).U have the right to cling on to yr believe. No one have the right to stop u. End of the day is whether can u finally manage to get yr 10k coe ride. If i remember correctly, iniltally , u are looking for ~100k ride last year. When coe shoot down, greedyness take over. Sometime, one need to be content on ones target set. if not, whose know will end up waiting in vain

 

Good luck

Edited May 27, 2016 by Axela72

[Runforyourlife]

Pretty sure those whom have yet to get a car will gang up with theories of COE won't rise.....

[Audi2016]

Pretty sure those whom have yet to get a car will gang up with theories of COE won't rise.....

 

Bro you got your car liao better shuddup like me if not people say KCS win this round, revenge blah blah.. when we didn't say anything of that sort haha.

[Souldead81]

I think those that bought during the cheap COE period have already save up or building up the $$$ for downpayment ever since loan criteria has change. So this news will be good news for them as they need to down pay lesser.

 

Because ever since the change of to 40%/50% downpayment. perspective of owning car has change. so those that bought with $1 downpayment then would already standby some $$$ if they want to continue driving after their ride expire.

Those that can't already give up driving option.

so now this easing of loan requirement might entice this group back.

 

just my views.. lol..

[Pocy]

Just to feed u with more objective thinking (different perspective).U have the right to cling on to yr believe. No one have the right to stop u. End of the day is whether can u finally manage to get yr 10k coe ride. If i remember correctly, iniltally , u are looking for ~100k ride last year. When coe shoot down, greedyness take over. Sometime, one need to be content on ones target set. if not, whose know will end up waiting in vain

 

Good luck

I can see there are ppl being speculative on COE. It is always no body can predict the lowest or highest. I booked a G-COE immediately after that $38K and got mine at the 1st bid. Nobody would know whether there will be lower than $38K or not. One day it may be $5K, who know.

Good Luck to all MCF!

[Jemjem]

Don't panic guys. I do not think this MAS easing of car loans will affect the demand by that much. At the end of the day, its all about affordability. Loan also needs to be repaid with interest.

 

COE should still trend down with more supply being released into the market.

 

Btw: I have just got my ride at current COE levels so I can say I'm not talking my own bias and being objective.

U shld see e crowd at Leng Kee today b4 tis comment...

[Rachdanom]

U shld see e crowd at Leng Kee today b4 tis comment...

No wonder work seems slower today. Other than meet the parents sessions many must have taken leave to go showroom :-)

[Blackyv]

U shld see e crowd at Leng Kee today b4 tis comment...

 

NPNT...

[Chrispie]

Isnt that common sense?

 

Let us educate u then. Where do the 4k or 8k coe come from? It come from the recycle of current owners that scrap their cars. So while scrapping their ride, u expect them to quit driving to made way for u to buy at cheaper rate (aka due to more quota?)? In that case, will u do the same? If u dont, cant expect others will, right?

 

Talking about bad economic again, if bad economic made ppls cant buy, so why worry as u also cant buy. If u can, why others cant?

We all have to accept the fact that despite things are more expensive. People are making more money now. And population has increased. And last time 2k income folks stretch to own cars. Now 3k income folks also cam stretch to own cars.

Edited May 27, 2016 by Chrispie

[BenTong]

Huh? 10yrs ago the car price and loan period and deposit amount r diff. The same group of ppl, not all of them have higher pay or less commitment.

 

Assuming Coe price increase to $60k which some r expecting and 1 car cost $120k. U think all can afford?

Cause this is the current price and the last Coe bidding already shown the demand even including the uber 800Coe. Those who can afford the 90-60k already for their car, then why suddenly because of this new regulation, suddenly those Cannot afford the $50k Coe can afford $60-100k Coe?

Bro..100% of people who put in a bid can afford a car.. And all of them fork out at the average $50K cash minimum. Some more.

 

As to whether moving forward COE will come down or go up from current levels.. You will know this coming COE bidding..

 

Ppl used to say KCS was out in previous biddings. Some came out.. I was one of them. And i do think many many many are coming out!

[Kia7200]

Bro..100% of people who put in a bid can afford a car.. And all of them fork out at the average $50K cash minimum. Some more.

 

As to whether moving forward COE will come down or go up from current levels.. You will know this coming COE bidding..

 

Ppl used to say KCS was out in previous biddings. Some came out.. I was one of them. And i do think many many many are coming out!

Btw don't mistaken that I'm waiting for $1 or $10k Coe.

 

I just find it weird that ppl believe Coe will go north in the next few months or yr after so many factors had happened.

[Kia7200]

Just to feed u with more objective thinking (different perspective).U have the right to cling on to yr believe. No one have the right to stop u. End of the day is whether can u finally manage to get yr 10k coe ride. If i remember correctly, iniltally , u are looking for ~100k ride last year. When coe shoot down, greedyness take over. Sometime, one need to be content on ones target set. if not, whose know will end up waiting in vain

 

Good luck

Btw I'm not waiting for $10k Coe. I'm just stating facts and I don't make up stories like 1 member with a PI nick.

 

This reminds me of 2 incident which I experience last yr Nov 2015, when I met 2 strangers when car washing n waiting for car park. 1 use his head to bet with me, another 1 wanna get $15 with me, when I told them Coe will drop because these factors n their reason why coe will nv drop because pap blah blah blah.And it drop more than 5digit after that.

 

Btw time will tell whether who is rite or wrong, and even so it doesn't matter cause as long each parties get the car within their budget.

 

Cheers

[BenTong]

Btw don't mistaken that I'm waiting for $1 or $10k Coe.

 

I just find it weird that ppl believe Coe will go north in the next few months or yr after so many factors had happened.

Not about who is right or wrong. Nor it's about what you believe or don't believe. Those who book a car are all KCS. 100 % of them. If not KCS won't book car la. Have not heard someone will book a car now if he/she thinks or believe coe will come down.

 

I just think many many many KCS are coming out.

[BenTong]

Bro you got your car liao better shuddup like me if not people say KCS win this round, revenge blah blah.. when we didn't say anything of that sort haha.

Everybody who sign on the dotted lines are KCS. Who would sign on dotted line expecting COE to come down drastically?

[Kia7200]

Not about who is right or wrong. Nor it's about what you believe or don't believe. Those who book a car are all KCS. 100 % of them. If not KCS won't book car la. Have not heard someone will book a car now if he/she thinks or believe coe will come down.

 

I just think many many many KCS are coming out.

There r many xiao ren in this world which we can't n don't bother abt.

 

But now = kcs

Buy later = waiting for $10k COE

Buy last time = stupid kia su

Don't buy = no money don't buy

Chee buy = u no lj

 

Very hard life

[BenTong]

There r many xiao ren in this world which we can't n don't bother abt.

 

But now = kcs

Buy later = waiting for $10k COE

Buy last time = stupid kia su

Don't buy = no money don't buy

Chee buy = u no lj

 

Very hard life

I one of the stupid kiasu.. But ok la.. Happy with buy m ride.... Only don't like .. Cannot exercise all the horse power coz scared of click click.. Click click..click click (speed camera)...