awhtc 6th Gear February 21, 2019 Share February 21, 2019 From the trend, Cat A seems to be hovering around a bottom of around $25-26k while Cat B & E continue with their gentle upward trajectory. ↡ Advertisement Link to post Share on other sites More sharing options...
Si4dr 5th Gear February 21, 2019 Share February 21, 2019 Thanks, bro. Not my intention to get new car but my Sunny showing signs of old age although mileage is low 55k. I am going to miss her. :( 10 years old car with only 55k mileage? Link to post Share on other sites More sharing options...
Carbon82 Moderator February 21, 2019 Author Share February 21, 2019 Good morning! Once again, appreciate your analysis. I have a question, how u calculate the estimated PQP collected $0.155B? I have some typo error with my earlier post. Basing on 3.5% of "Vehicle Quota Premium", the PQP figure should be 2018: $0.115 B (actual) 2019: $0.12 B (estimated) I really don't think govt. will do anything, it is an estimate not KPI. See last 2018 estimate v. actual, $2B different leh.. Thanks for pointing that out. I sincerely hope that LTA will not attempt to "claw back" the difference, since $2.3 Bil is not exactly a small amount... 4 Link to post Share on other sites More sharing options...
Ct3833 Supersonic February 21, 2019 Share February 21, 2019 Dear Experts, Any chance for CAT B COE price to drop over the coming months till Dec 2019? non expert view is it will not. Link to post Share on other sites More sharing options...
Victer 1st Gear February 21, 2019 Share February 21, 2019 no expert here. Anyway i think it depends on the number of people renew/scrap their cars. If coe go up, less people w renew. Vice versa. Now catB price went up, so some may decide not to renew. Dear Experts,Any chance for CAT B COE price to drop over the coming months till Dec 2019? 1 Link to post Share on other sites More sharing options...
MaBoiBoi 2nd Gear February 21, 2019 Share February 21, 2019 Congrats. What car? Got meself skoda rapid sb. 1 Link to post Share on other sites More sharing options...
Count-Bracula Twincharged February 21, 2019 Share February 21, 2019 10 years old car with only 55k mileage? yaba daba dooo! Link to post Share on other sites More sharing options...
Arogab Turbocharged February 21, 2019 Share February 21, 2019 Cat B PQP is steadily climbing - better to renew now. https://www.aas.com.sg/resources/coe/prevailing-quota-premiums-pqp.html Bro, so you think it will not come down before year end huh, I better call my BIL to renew Link to post Share on other sites More sharing options...
Ct3833 Supersonic February 21, 2019 Share February 21, 2019 Cat B PQP is steadily climbing - better to renew now. https://www.aas.com.sg/resources/coe/prevailing-quota-premiums-pqp.html My car due in Dec, depre is about $1.1k per month, so that means I can afford about $10k or $11k of Cat B COE climb till Dec. What is your opinion? I think my risk a low for delaying till Dec. Link to post Share on other sites More sharing options...
Roh96 6th Gear February 22, 2019 Share February 22, 2019 My car due in Dec, depre is about $1.1k per month, so that means I can afford about $10k or $11k of Cat B COE climb till Dec. What is your opinion? I think my risk a low for delaying till Dec.Are u referring to dep based on paper value? Whether u choose to renew now or 8 mths later, your parf will still be forfeited. So what is difference is the residual coe value. If your old coe was say 18k, the annual coe dep is 1.8k. So if u renew say 6 mth earlier, u only lost $900. But the fluctuation in PQP can easily more than $900. Thats my thought. Link to post Share on other sites More sharing options...
Seya 1st Gear February 22, 2019 Share February 22, 2019 If renew COE earlier,it is not only loss the portion of unused COE. Link to post Share on other sites More sharing options...
Ct3833 Supersonic February 22, 2019 Share February 22, 2019 (edited) Are u referring to dep based on paper value? Whether u choose to renew now or 8 mths later, your parf will still be forfeited. So what is difference is the residual coe value. If your old coe was say 18k, the annual coe dep is 1.8k. So if u renew say 6 mth earlier, u only lost $900. But the fluctuation in PQP can easily more than $900. Thats my thought.Thanks for Sharing this way of calculating. I am basing on the calculation when I buy my used car with a linear depre of about 14k/year, so if I will to renew it now, I will lose that depre(my own paper value) of about 10k between now to Dec. Put it the other way round, if COE will to go up by 10k by then, I still will be at best break even, wont lose anything, plus 10 more months of driving vs if I will to renew it now. Boh bian lah, want to be cheapo, must calculate until so jialat. i thought my logic is reasonable, hope to hear more views. Edited February 22, 2019 by Ct3833 Link to post Share on other sites More sharing options...
Vinceng Turbocharged February 22, 2019 Share February 22, 2019 My car due in Dec, depre is about $1.1k per month, so that means I can afford about $10k or $11k of Cat B COE climb till Dec. What is your opinion? I think my risk a low for delaying till Dec. Wait till Dec - max Cat B can climb to in Dec 2019 is $40K. World economic outlook is not rosy. Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear February 22, 2019 Share February 22, 2019 Matrix come fast and go off fast. Now hardly can find any old Matrix running on the road, whereas still can find many Sunny on the road now.Same for kona and pulsar. Link to post Share on other sites More sharing options...
mengami 2nd Gear February 22, 2019 Share February 22, 2019 Thanks for Sharing this way of calculating. I am basing on the calculation when I buy my used car with a linear depre of about 14k/year, so if I will to renew it now, I will lose that depre(my own paper value) of about 10k between now to Dec. Put it the other way round, if COE will to go up by 10k by then, I still will be at best break even, wont lose anything, plus 10 more months of driving vs if I will to renew it now. Boh bian lah, want to be cheapo, must calculate until so jialat. i thought my logic is reasonable, hope to hear more views. So I'll be renewing my COE next month and here's my calculation when I renew: PQP: $31.5K Loss of PARF: $14K Additional Road Tax over 10 years: $5.6K Total: $51.2K. I didn't include maintenance though, which doesn't matter to me because I like to maintain my car well and would have spent as much on a new car over 10 years. So compared to buying a new car which is $100K+, and there isn't one there with similar performance/value that I like, it becomes an easy decision to me. Not cheapo la, it's a big purchase so it's good to do some math before deciding. 3 Link to post Share on other sites More sharing options...
Roh96 6th Gear February 22, 2019 Share February 22, 2019 Put it this way lah, whatever you have paid for the current car is already sunken money. But what you are going to pay for renewal is your future money. If I can save $10k in my renewal cost, this real saving to me. The lost of 8 months ownership if compared to 10 yr COE is nothing la. Thanks for Sharing this way of calculating. I am basing on the calculation when I buy my used car with a linear depre of about 14k/year, so if I will to renew it now, I will lose that depre(my own paper value) of about 10k between now to Dec.Put it the other way round, if COE will to go up by 10k by then, I still will be at best break even, wont lose anything, plus 10 more months of driving vs if I will to renew it now.Boh bian lah, want to be cheapo, must calculate until so jialat. i thought my logic is reasonable, hope to hear more views. Link to post Share on other sites More sharing options...
Ronleo 6th Gear February 22, 2019 Share February 22, 2019 So I'll be renewing my COE next month and here's my calculation when I renew: PQP: $31.5K Loss of PARF: $14K Additional Road Tax over 10 years: $5.6K Total: $51.2K. I didn't include maintenance though, which doesn't matter to me because I like to maintain my car well and would have spent as much on a new car over 10 years. So compared to buying a new car which is $100K+, and there isn't one there with similar performance/value that I like, it becomes an easy decision to me. Not cheapo la, it's a big purchase so it's good to do some math before deciding. March PQP is $33k, not $31.5k Link to post Share on other sites More sharing options...
Ekam88 1st Gear February 22, 2019 Share February 22, 2019 So I'll be renewing my COE next month and here's my calculation when I renew: PQP: $31.5K Loss of PARF: $14K Additional Road Tax over 10 years: $5.6K Total: $51.2K. I didn't include maintenance though, which doesn't matter to me because I like to maintain my car well and would have spent as much on a new car over 10 years. So compared to buying a new car which is $100K+, and there isn't one there with similar performance/value that I like, it becomes an easy decision to me. Not cheapo la, it's a big purchase so it's good to do some math before deciding. You probably wont spend as much on maintenance for new car vs your current ride due to the warranty. If you have maintained your current car well then you should be able to achieve the savings. ↡ Advertisement Link to post Share on other sites More sharing options...
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