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COE Bidding – 2nd Round of July 2019

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Won't the 10K VES be deducted from the OMV and thus affect the PARF? Meaning if 20K OMV after deducting 10k VES then PARF after 10 years only 5K?

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If OMV is about 20K+- then they want to cash new model as much as they can and later will reduce price after hype is over. 

 

SG market is dealers market so they will give VES rebate benefit to them-self and not to buyers if competitive model don't have same rebate. Consumer suck thumb, either govt gain (VES penalty) or AD gain (VES rebate)

Usually for new model, AD would priced the car higher first and then would reduce the price a bit, esp if the coe is low. Remember when korean cars first launched their new model, price also high de, then along the way price got reduced or they give promotion.

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Won't the 10K VES be deducted from the OMV and thus affect the PARF? Meaning if 20K OMV after deducting 10k VES then PARF after 10 years only 5K?

 

Yes it will make less parf (5K) and high depreciation. That's the reason they are not showing OMV now to milk the new model as much as they can.

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Yes it will make less parf (5K) and high depreciation. That's the reason they are not showing OMV now to milk the new model as much as they can.

So when will be the right time to buy the mazda 3 then?

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Posted (edited)

Launch car price maybe +2-3k over long term price is fine. But new Mz3 price before taking VES into account is about $25k more than old Mz3. The OMV even if $25k (vs old $13-14k OMV) cannot account for this diff. And dont forget the high OMV will suffer from VES "rebate" until u get min parf back so its worthless to have high OMV since u only get downsides like 40% downpayment. Really trying to fleece early adopter

Edited by yishunite
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So when will be the right time to buy the mazda 3 then?

 

Well we can't predict COE for sure, but if we consider COE as constant then i would prefer to wait to settle the hype first and check the real OMV figure.

 

If enough buyers will notice nonsense margin, rebate not pass to buyer resulting high depreciation then they have to lower the price to get the market share 

 

By the way under-power engine is enough for me to not buy this car haha. What a shame they don't have options for engine specs for such b'ful car.

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Won't the 10K VES be deducted from the OMV and thus affect the PARF? Meaning if 20K OMV after deducting 10k VES then PARF after 10 years only 5K?

Yes that's why VES rebate gives you a false sense that it's cheaper but end of the day you lose out in PARF.

 

Best is still neutral band.

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Yes it will make less parf (5K) and high depreciation. That's the reason they are not showing OMV now to milk the new model as much as they can.

 

no worries, the omv + ves + profit margin will be revealed once the first mazda 3 is registered in LTA. 

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Yes that's why VES rebate gives you a false sense that it's cheaper but end of the day you lose out in PARF.

 

Best is still neutral band.

Yup. Policy not working becos all the AD are just swallowing the rebate since our car markets arent competitive enough. Exception is only those very low end budget model like Attrage

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Yup. Policy not working becos all the AD are just swallowing the rebate since our car markets arent competitive enough. Exception is only those very low end budget model like Attrage

LOL, policy is working bcos end of the day consumer and customer lose out. AD is neutral and man in white laughs to the bank, swallow free tax!

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Posted (edited)

How do u check COE amount bidded by yr AD on your behalf?

 

What are the information to provide for the enquiry? Not sure what is the acknowledgement code to use.

 

Thanks so much!

Edited by icez118

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LOL, policy is working bcos end of the day consumer and customer lose out. AD is neutral and man in white laughs to the bank, swallow free tax!

No, it's a rebate so this is not man in white benefiting. This is a rebate half of which is reclaim at the end thru parf deduction. So this is AD swallow everything while consumer gain no benefit from the "incentive". Which AD u work for?

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Posted (edited)

How do u check COE amount bidded by yr AD on your behalf?

 

What are the information to provide for the enquiry? Not sure what is the acknowledgement code to use.

 

Thanks so much!

Just use ur nric enough le

At the one motoring website

Acknowledgement code only needed if u wanna amend the bid made by ur AD

Edited by emo3lmo

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Posted (edited)

Just use ur nric enough le

At the one motoring website

Acknowledgement code only needed if u wanna amend the bid made by ur AD

 

Thanks so much!

 

So I choose the option under Individual Bidder Right? Cos after I have keyed in the error msg post 'No matching records found'. 

 

They would only post like 3pm onwards tomorrow usually right? Or it is some batch upload process to LTA eBidding system? 

 

=) 

Edited by icez118

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Thanks so much!

 

So I choose the option under Individual Bidder Right? Cos after I have keyed in the error msg post 'No matching records found'.

 

They would only post like 3pm onwards tomorrow usually right? Or it is some batch upload process to LTA eBidding system?

 

=)

Yea.. wait till 3.30pm to chk ba.. the action starts late now

Usually after 3.45pm onwards

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I am hoping for CAT A to drop to 25K

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Chiong downwards bah. Showroom seems v quiet over the weekend...

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Thanks so much!

 

So I choose the option under Individual Bidder Right? Cos after I have keyed in the error msg post 'No matching records found'. 

 

They would only post like 3pm onwards tomorrow usually right? Or it is some batch upload process to LTA eBidding system? 

 

=) 

Your AD would not submit your bid so early de. Sometimes even 3pm also havent submit the bid.

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Cat A up above 30k

Cat B 35k

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Posted (edited)

Cat B right?

Edited by icez118

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Bidding is next Wed right? not today....

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