Mockngbrd Supersonic January 8, 2019 Share January 8, 2019 (edited) Good deal overseas? Nyahh... Dereg, take back omv and remaining coe, cars will be scrapped. All 8000 cars one shot. Dunno how gahmen going to tahan. Most likely they kenna jiak below paper value. LCR dun care because wind up liao. No other way to get rid of 8000 cars. Let go at small loss better than hold until big loss. Why not LCR dereg themselves? Prob they don't give a shiat to do so. Edited January 8, 2019 by Mockngbrd ↡ Advertisement Link to post Share on other sites More sharing options...
Chigiz 1st Gear January 8, 2019 Share January 8, 2019 Good deal overseas? Nyahh... Dereg, take back omv and remaining coe, cars will be scrapped. All 8000 cars one shot. Dunno how gahmen going to tahan. Most likely they kenna jiak below paper value. LCR dun care because wind up liao. No other way to get rid of 8000 cars. Let go at small loss better than hold until big loss. Why not LCR dereg themselves? Prob they don't give a shiat to do so. If sell below paper value, why LCR don't dereg themselves to minimise loss? I think the selling price should be somewhat between market and dereg value. Cheers. Link to post Share on other sites More sharing options...
assiak71 2nd Gear January 8, 2019 Share January 8, 2019 Cat A 26k guess for me. No mazda 3 sedan new bookings but many avante Link to post Share on other sites More sharing options...
Apple-Tree 6th Gear January 8, 2019 Share January 8, 2019 Paper value for new car is very low lor. First 6 months, cannot transfer and dereg. You can do it but need to pay a very steep penalty lor. It is so hidden in onemotoring website there was ever a belief description for example, the penalty on COE alone is the absolute delta of last COE and the COE of the car. So your car COE 50K and within 6 months you need to sell and the last COE is 30K. You need to pay a penalty of 20K lor. So, only case is Bankruptcy or Owner is deceased. Whatever, first 6 month cannot or difficult to sell car lor. Then, COE and PARF rebate. For the first 2 years, the COE rebate is 80%, so from the 7th month to 2 years, you only get 80% of the COE. As for PARF, I think is first 3 year, rebate is same too - Please check, as I never actually need to do that. Then, on the first day I cross 6 months, I go LTA check, the paper value for my "new" car is ONLY about 60++% lor. So, there is good saving if you know how to choose as the paper value is really really low, and the market value is high. 1 car seat there do nothing is say about $20~30 per day, so 8000 car is S$160K~240K every day lor. Let not forgot misc fee. So dying to sell, and any price is somewhat a good price. On the Uber scene, even uber, they sure dented our wallet when they buy like no tomorrow. My friend reach SG at 12mn at T3, take a MPV Uber to AngMoKio cost him $50 lor. Good time is back for Uber driver. Could last awhile before GO-J effect come in lor. Want private transport ? Pay lor, or walk the expressway ? BTW, jaywalking on expressway is ILLEGAL hor. If sell below paper value, why LCR don't dereg themselves to minimise loss? I think the selling price should be somewhat between market and dereg value.Cheers. Link to post Share on other sites More sharing options...
Ben5266 Supercharged January 8, 2019 Share January 8, 2019 If sell below paper value, why LCR don't dereg themselves to minimise loss? I think the selling price should be somewhat between market and dereg value. Cheers. If LCR dereg themselves, they get back say $300mil. Also ah gong not happy they spoil market dynamic. Now sell to motoway, $350mil. got 50mil more. motoway, take fresh loan 3-5 years. Bank no chasing. wait next year, coe confirm going up 10k or even 20k. Huat ah! only need to bleed 6-9 months. then..... haiz... coe won't go down too much this year. 1 Link to post Share on other sites More sharing options...
Chigiz 1st Gear January 8, 2019 Share January 8, 2019 If LCR dereg themselves, they get back say $300mil. Also ah gong not happy they spoil market dynamic. Now sell to motoway, $350mil. got 50mil more. motoway, take fresh loan 3-5 years. Bank no chasing. wait next year, coe confirm going up 10k or even 20k. Huat ah! only need to bleed 6-9 months. then..... haiz... coe won't go down too much this year. Cannot expect the price to be the same as 10 years ago. Link to post Share on other sites More sharing options...
assiak71 2nd Gear January 8, 2019 Share January 8, 2019 Do ADs bid more in advance when coe is relatively low even if they dont have any bookings? Link to post Share on other sites More sharing options...
DACH Supersonic January 8, 2019 Share January 8, 2019 Do ADs bid more in advance when coe is relatively low even if they dont have any bookings? Expect more bookings for the motorshow weekend. Link to post Share on other sites More sharing options...
assiak71 2nd Gear January 8, 2019 Share January 8, 2019 I mean do ADs try to secure COEs even when they did not receive bookings for it? E.g. secure some CAT A first, then when customer books he will get it immediately. Or each and every bid only occurs when there is a booking? Link to post Share on other sites More sharing options...
GTO-1 4th Gear January 8, 2019 Share January 8, 2019 (edited) I mean do ADs try to secure COEs even when they did not receive bookings for it? E.g. secure some CAT A first, then when customer books he will get it immediately. Or each and every bid only occurs when there is a booking? AD's will prebuy CoE's as they have 6 months to associate to a car. Very low risk move for them, since they are in the business of selling cars. Also allows them to sell as a "promotion" of guaranteed CoE, but reality is it allows them to know exactly what their profit margins will be. If they are forced to bid, their profit margins have a variable component to them that is out of their control. Also allows them to drive up demand for CoE giving them more flexibility in increasing profit margins. E.g a person is less likely to complain if there is a $10k margin on a $90k CoE, versus a $10k margin on a $13k CoE. But that's the skeptic in me talking :) Edited January 8, 2019 by GTO-1 Link to post Share on other sites More sharing options...
assiak71 2nd Gear January 8, 2019 Share January 8, 2019 AD's will prebuy CoE's as they have 6 months to associate to a car. Very low risk move for them, since they are in the business of selling cars. Also allows them to sell as a "promotion" of guaranteed CoE, but reality is it allows them to know exactly what their profit margins will be. If they are forced to bid, their profit margins have a variable component to them that is out of their control. Also allows them to drive up demand for CoE giving them more flexibility in increasing profit margins. E.g a person is less likely to complain if there is a $10k margin on a $90k CoE, versus a $10k margin on a $13k CoE. But that's the skeptic in me talking :) What about those that can check what amount the AD is bidding for them via LTA's website? Being able to see in LTA's website means it is just being bidded and not a previously secured coe? Link to post Share on other sites More sharing options...
GTO-1 4th Gear January 8, 2019 Share January 8, 2019 (edited) What about those that can check what amount the AD is bidding for them via LTA's website? Being able to see in LTA's website means it is just being bidded and not a previously secured coe?They are booking on behalf of you, which is some of their bids every fortnight. But not all CoE bids necessarily have a booking attached to them. They use these to upsell to buyers, so buyers can get their car sooner or potentially for guaranteed bid car prices. Past few weeks, all the dealers have been selling guaranteed CoE cars on promotion. Someone on the forum gave the idea of requiring a Singpass to make a bid. If that was the case, I would imagine CoE prices would go down because AD can no longer game the system to increase prices without having actual bookings on hand. Edited January 8, 2019 by GTO-1 Link to post Share on other sites More sharing options...
Chigiz 1st Gear January 8, 2019 Share January 8, 2019 I mean do ADs try to secure COEs even when they did not receive bookings for it? E.g. secure some CAT A first, then when customer books he will get it immediately. Or each and every bid only occurs when there is a booking? I think they will only secure Cat E as Cat A is not transferable. They will only bid Cat A under the buyer name when they place booking fee ($10.7k). Cheers. 1 Link to post Share on other sites More sharing options...
assiak71 2nd Gear January 8, 2019 Share January 8, 2019 I think they will only secure Cat E as Cat A is not transferable. They will only bid Cat A under the buyer name when they place booking fee ($10.7k). Cheers. I see. Meaning Cat A bidding is directly based on number of bookings. And backlogs. So with 900 backlogs and 3 weeks of new bookings, tomorrow likely to increase? Link to post Share on other sites More sharing options...
Jumpmanz 5th Gear January 8, 2019 Share January 8, 2019 My PI is bidding for me for this round. But SE says wont be aggressive as car will only be ready in march. Well see how much they put in for CatA. Link to post Share on other sites More sharing options...
Chigiz 1st Gear January 8, 2019 Share January 8, 2019 I see. Meaning Cat A bidding is directly based on number of bookings. And backlogs. So with 900 backlogs and 3 weeks of new bookings, tomorrow likely to increase? Yes, CAT A are direct bookings and backlogs. But, some backlogs might be cleared by dealer using CAT E COE. However, if the dealer have not transfer the CAT E COE to the buyer, they will still bid for CAT A (with lower price than CAT E they have on hand) in hope to earn more and keep the CAT E for next round (in case CAT A COE increase in next round). The question is, how many CAT E COE that the dealers have on their hand that they must utilise before it expires? This will be the factor/ determinant of the next round COE prices. Cheers. Link to post Share on other sites More sharing options...
Ct3833 Supersonic January 8, 2019 Share January 8, 2019 (edited) AD's will prebuy CoE's as they have 6 months to associate to a car. Very low risk move for them, since they are in the business of selling cars. Also allows them to sell as a "promotion" of guaranteed CoE, but reality is it allows them to know exactly what their profit margins will be. If they are forced to bid, their profit margins have a variable component to them that is out of their control. Also allows them to drive up demand for CoE giving them more flexibility in increasing profit margins. E.g a person is less likely to complain if there is a $10k margin on a $90k CoE, versus a $10k margin on a $13k CoE. But that's the skeptic in me talking :) Open Cat COE only valid for 3 months, not 6 months. Edited January 8, 2019 by Ct3833 Link to post Share on other sites More sharing options...
Solidus_gz 1st Gear January 9, 2019 Share January 9, 2019 May I ask for open cat dealer allow to keep? Or dealer can keep coe all cat? ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding - March 2024
COE Bidding - March 2024
Cars at Expo - Apr 2024
Cars at Expo - Apr 2024
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
Xiaomi EV is Coming
Xiaomi EV is Coming
Best way to sell car (aka highest price)
Best way to sell car (aka highest price)
2024 COE trend..
2024 COE trend..
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population
2019 Hyundai Avante (Elantra Facelift)
2019 Hyundai Avante (Elantra Facelift)