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COE Bidding – 2nd Round of August 2018


Carbon82
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It will go down further, next year will be the best time.

 

 

Prevailing Quota Premium (3 months average)

 

Cat A

Jan 2014: 76109

Jun 2014: 71672

Jan 2015: 65607

Jun 2015: 66107

Jan 2016: 56633

Jun 2016: 46454

Jan 2017: 50645

Jun 2017: 50625

Jan 2018: 42970

Feb 2018: 42122

Mar 2018: 39274

Apr 2018: 38655

May 2018: 38192

Jun 2018: 38214

Jul 2018: 37165

Aug 2018: 34169

 

Cat B

Jan 2014: 82333

Jun 2014: 76872

Jan 2015: 72726

Jun 2015: 74629

Jan 2016: 58615

Jun 2016: 48479

Jan 2017: 52660

Jun 2017: 54088

Jan 2018: 52271

Feb 2018: 50578

Mar 2018: 44998

Apr 2018: 40881

May 2018: 38712

Jun 2018: 37906

Jul 2018: 36888

Aug 2018: 34900

Allocation for next year is lower i thought?
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Last Saturday newspaper got one article says the Motorcycle COE should have crashed to $1, if not for the invisible hand that suddenly released 400 extra bids at the last 3mins before closing to push it up.

 

The article said many big dealers are vested with $7000++ COE, so will die die not want to lost the ability to sell motorcycles for nothing.

So instead they manipulated it for a gradual decline, so that the market will be stable and suckers motorcycle buyers will continue to pay high price for the $6000++ COEs for each motorcycles.

 

I am quite sure, $1 Motorcycle COE will come true this week or in September.

Cat.A = $ 28,890

Cat.B = $31,890

Cat.C = $ 29,990

Cat.D = $89

Cat.E = $30,099

 

It will not happen as the up front cost for MC COE is only $200. The commission for 6k more loan is more than $200. Why should the dealers bid lower than that?

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what's wrong? Care to share?

Ride is very bumpy, seems like something wrong with suspension. Went to AD and test driven the test drive car and confirmed comfort level of my car is really bad. Whole car is vibrating and shaking over every undulating road. mer with this aftersales guy today and dare to tell me nothing wrong. Now fighting with AD to return the lemon.

Which model u bought?

How sour is your lemon?

Thatâs a reckless purchase if just to avoid the road tad...

Road tax is the main reason to hasten the change but not the main reason for changing.

What do you mean "lemon"? You mean AD delayed the delivery of car, or charge you extra?

Delivery was actually very fast and within 2 weeks of my booking.
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Turbocharged

Ride is very bumpy, seems like something wrong with suspension. Went to AD and test driven the test drive car and confirmed comfort level of my car is really bad. Whole car is vibrating and shaking over every undulating road. mer with this aftersales guy today and dare to tell me nothing wrong. Now fighting with AD to return the lemon.

Road tax is the main reason to hasten the change but not the main reason for changing.

Delivery was actually very fast and within 2 weeks of my booking.

@iwonder,

 

If I may venture a guess here:

 

Did you request PA to check if the suspension blocks were correctly removed during the PDI (pre-delivery inspection)?

 

Sometimes dealers forget to remove these blocks, which are meant to transport the vehicles from the factory to the destination and prevent the cars from bopping up and down during the voyage.

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@iwonder,

 

If I may venture a guess here:

 

Did you request PA to check if the suspension blocks were correctly removed during the PDI (pre-delivery inspection)?

 

Sometimes dealers forget to remove these blocks, which are meant to transport the vehicles from the factory to the destination and prevent the cars from bopping up and down during the voyage.

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Ride is very bumpy, seems like something wrong with suspension. Went to AD and test driven the test drive car and confirmed comfort level of my car is really bad. Whole car is vibrating and shaking over every undulating road. mer with this aftersales guy today and dare to tell me nothing wrong. Now fighting with AD to return the lemon.

Road tax is the main reason to hasten the change but not the main reason for changing.

Delivery was actually very fast and within 2 weeks of my booking.

OIC.. I feel u Bro..

Pls continue to Bang table there...

Anyway, their margin is one of the Highest among all the ADs...

Just update us here n u can get good suggestions from the bros here..

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Allocation for next year is lower i thought?

 

PQP is more stable than the actual COE price so even if I can't catch the bottom, it'll be somewhere near there. I think it's worth waiting a few more months.

 

You're right to have your suspicions though, COE revenue is properly forecasted in our budgets every year (for 2018 it's 5.6B https://www.businesstimes.com.sg/specials/singapore-budget-2018/singapore-budget-revenue-and-spending-breakdown-2018/index.html) so our government is not going to let it stray too far from their forecast.

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It will not happen as the up front cost for MC COE is only $200. The commission for 6k more loan is more than $200. Why should the dealers bid lower than that?

 

Spot on.

A 4% interest on just the $6000 COE value for 5 years is already = 6000 x 0.04 x 5years = $1200 money in the pocket for the motordiam's private loan to the bike buyer.

 

This is why the motordiam dealers has the incentives to keep the COE sky high by bidding unnecessary even when there is a 56% increase in quotas.

Surely there will not be a sudden increase in 56% more bikes buyers in last months based on the $6000+ COE level.

And going forward will there be 56% more motorcycle buyers at the $5000++ levels?

 

The surge in demand might come when COE crash to below $1000 this thursday!

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I am cool with regard to high prices for car Coe coz we have limited land. But for riders that depend on bike for basic transport and work.

Newer bikes have better features like abs and bigger tyres. But the sky high Coe deter from those grp getting cheap transport.

They should encourage self bid for motorcycle Coe. 5 mins job at atm with a $200 deposit.

With coparate account, they can enter hundreds of bids with any potential buyers. But later milk the buyer and say it is the market value.

Edited by Hachi
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PQP is more stable than the actual COE price so even if I can't catch the bottom, it'll be somewhere near there. I think it's worth waiting a few more months.

 

You're right to have your suspicions though, COE revenue is properly forecasted in our budgets every year (for 2018 it's 5.6B https://www.businesstimes.com.sg/specials/singapore-budget-2018/singapore-budget-revenue-and-spending-breakdown-2018/index.html) so our government is not going to let it stray too far from their forecast.

nobody will know when is the rock bottom and is not practical to wait for it. If u find the price ok you should go for it because it can bounce up anytime. 

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Spot on.

A 4% interest on just the $6000 COE value for 5 years is already = 6000 x 0.04 x 5years = $1200 money in the pocket for the motordiam's private loan to the bike buyer.

 

This is why the motordiam dealers has the incentives to keep the COE sky high by bidding unnecessary even when there is a 56% increase in quotas.

Surely there will not be a sudden increase in 56% more bikes buyers in last months based on the $6000+ COE level.

And going forward will there be 56% more motorcycle buyers at the $5000++ levels?

 

The surge in demand might come when COE crash to below $1000 this thursday!

Don’t they need genuine ic to bid? Like motor cars
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Don’t they need genuine ic to bid? Like motor cars

 

 

Bike dealer will bid coe under dealer's name. Once the bike registered, they will transfer to customer. 

 

So on log card will reflect as 1 transfer count.

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ð³ you seemed very knowledgeable. I really tired with dealing with these people. So much for a premium brand. I will ask them to check. The âAudiâ experience is really a big disappointment.

Which Audi model?

 

My new Q5 had suspension creaking noise upon collection, but easily solved in first servicing.

 

I had some small niggling issues (nothing major) with my B9 A4 too and after 2 years they still couldn’t pinpoint and resolve it although I could replicate the issues to the chief technician.

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Turbocharged

Spot on.

A 4% interest on just the $6000 COE value for 5 years is already = 6000 x 0.04 x 5years = $1200 money in the pocket for the motordiam's private loan to the bike buyer.

 

This is why the motordiam dealers has the incentives to keep the COE sky high by bidding unnecessary even when there is a 56% increase in quotas.

Surely there will not be a sudden increase in 56% more bikes buyers in last months based on the $6000+ COE level.

And going forward will there be 56% more motorcycle buyers at the $5000++ levels?

 

The surge in demand might come when COE crash to below $1000 this thursday!

 

This motorcycle COE bidding is questionable. Have the relevant parties responded to the MP's query on the freak last minute bids?

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