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COE Bidding – 2nd Round of May 2019


Carbon82
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Reduced quota partly contributed by more renewal of COE, will also contribute to less demand of new COE from this pool.

Unless more buyer from new pool of new car owner wannabe.

Not likely for 2 reasons, 1. COE quota allocation is on a reducing trend, 2. LTA is getting TAXI companies to push up coe price. So whether the next few rounds are goinig to drop slightly or hold flat, this is the time to buy new car before COE going up again .
Moreover, the reduction in quota allocation is going to be more drastic than anticipate because many car owners have opted to renew COE over the past recent months, which will cause the already lower amount of COE due for recycle to sink deeper. In March alone there were about 7,400 COE revalidations, April will likely be higher though the stats is not out yet. I am one of the culprits.

 

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Turbocharged

Dont think this would affect the coe price to drop? Find people here too rich to get affected by the economy de?! Lol.

It's the private hire car rental companies that are pushing COE prices up.

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Supersonic

Reduced quota partly contributed by more renewal of COE, will also contribute to less demand of new COE from this pool.

Unless more buyer from new pool of new car owner wannabe.

You have your point, like myself will not buy new car anymore but I think there would still be enough rich people around to buy new car.
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Turbocharged

You have your point, like myself will not buy new car anymore but I think there would still be enough rich people around to buy new car.

 It depends - a new car annual depreciation can be lower than that of  a used car

 

Mitsubishi Attrage - 

 

New - $6,500 / year - https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11610

Used - $6,900 / year - https://www.sgcarmart.com/used_cars/info.php?ID=824555&DL=2283

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people who bought COE at high prices will wish COE goes up even higher

people whom are waiting to enter market will wish COE goes down further

and all sorts of reasoning will come out, at the end of the day, nobody can 100% predict

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But there are those cannot afford the 30 per cent DP. So they buy used cars.

 It depends - a new car annual depreciation can be lower than that of  a used car

 

Mitsubishi Attrage - 

 

New - $6,500 / year - https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11610

Used - $6,900 / year - https://www.sgcarmart.com/used_cars/info.php?ID=824555&DL=2283

 

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agree. used car financing are more innovative in packaging loan to assist those who can't meet criteria.

But there are those cannot afford the 30 per cent DP. So they buy used cars.

 

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Supersonic

 It depends - a new car annual depreciation can be lower than that of  a used car

 

Mitsubishi Attrage - 

 

New - $6,500 / year - https://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=11610

Used - $6,900 / year - https://www.sgcarmart.com/used_cars/info.php?ID=824555&DL=2283

agree,makes no sense but some simply could only afford a used car because of financial "needs". for my case,  mine is COE car, the most basic "needs" already. 

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After 3.30pm then is Showtime..ð

Yeah 345 is the finale, building up to the climax at 4
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Supersonic

Seems kinda slow today...low numbers of bidders at this moment in time.

Every bidding same, action only start last 30 mins.

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