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COE Bidding – 2nd Round of February 2020


Carbon82
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3 minutes ago, iceraider said:

Which AD? Aggressive by AD

It's PI, I also surprised they bid about 1k plus more than the closing price at around 320pm. Not last min bid.

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6 minutes ago, Vinceng said:

Spot in! Else, Cat A shd be $25K - $28K at most!

You guys do think carefully. You are pitting your limited hard earned money against large companies with unlimited funds for new cars. For them, their goal is to deploy X number of cars on the roads as part of their biz plan. Nothing will derail their plans

While for us people... that money u burn is prob all your life savings liao... and economy is so bad these days... you may not have the means to fill up the spent money void in the near future. 

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6 minutes ago, Cheefarn said:

You guys do think carefully. You are pitting your limited hard earned money against large companies with unlimited funds for new cars. For them, their goal is to deploy X number of cars on the roads as part of their biz plan. Nothing will derail their plans

While for us people... that money u burn is prob all your life savings liao... and economy is so bad these days... you may not have the means to fill up the spent money void in the near future. 

Agree. But ppl here no have such problem la bro.. steady..

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5 minutes ago, mikk123 said:

thanks for the advise. we all know. but what to do? we all fall in love with cars and the government knows it. we just can't help, but join the game.... the end results? government got richer and richer

Buy within your means or consider 2nd hand.

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5 hours ago, Cheefarn said:

High foot traffic and actual bookings made are 2 different matters. 

Alot were there to look at the cars and what kind of prices available. 

Alot of biz are downsizing or going bust liao la.. Still wanna spend over $100k on something that dep over 20k pa for the 1st 3 yrs?

Tough la bro. You are preaching to the converted.. most  (If not all) of the ppl here are car owners. They have already passed the point of no return. 
 

some ppl here even can pay full cash. Some buy 2-3. Some take loan to the max..

think they all suck egg dy la..   no need to lecher them.. no salvation dy

 

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5 hours ago, Cheefarn said:

High foot traffic and actual bookings made are 2 different matters. 

Alot were there to look at the cars and what kind of prices available. 

Alot of biz are downsizing or going bust liao la.. Still wanna spend over $100k on something that dep over 20k pa for the 1st 3 yrs?

Looks like MCF interest and crowded showrooms is very accurate ..

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On 2/15/2020 at 4:31 PM, yishunite said:

Usually after major drop (ie last round) it should rebound abit... theres quite aggressive sales this weekend so im thinking quota tgts not met yet... will be very interesting to see if can sustain... i think will up but very slight only.

I was not wrong but rise was more than "very slight" 

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2 minutes ago, joejoenissan said:

Very aggressive bids today.. got a CAT A. AD bid 30k+ from 3pm, bump to almost 35k at 3:57pm

with margins averaging 30% for the popular makes in Cat A, a 100k car has a 30k profit margin... take away the overheads they still have plenty to fool around with... 

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1 hour ago, Cheefarn said:

You guys do think carefully. You are pitting your limited hard earned money against large companies with unlimited funds for new cars. For them, their goal is to deploy X number of cars on the roads as part of their biz plan. Nothing will derail their plans

While for us people... that money u burn is prob all your life savings liao... and economy is so bad these days... you may not have the means to fill up the spent money void in the near future. 

Private car buyers do not have a choice, do we?

Unless the govt creates a separate category for rental cars.

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16 minutes ago, 13177 said:

Last round down so this round up, by right sound quite logical lo. So next round might be down again? Lol.

COE quota is getting lesser and lesser, so while there might be up and down swing from bid to bid, the longer term movement should  likely be on the uptrend.  

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7 minutes ago, Jamesc said:

Don't waste time with COE. 

Just get airshow BMW lah. 

:D

how much were they selling?

the ocbc cycle run event by Volvo - the S60 was selling at 145k. Don't think its that attractive

 

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3 minutes ago, Ct3833 said:

COE quota is getting lesser and lesser, so while there might be up and down swing from bid to bid, the longer term movement should  likely be on the uptrend. 

COE should be around 30K to 35K Unless you have 300K in your saving account, 40K COE will be piece of cake.

Otherwise, watch your spending.

Better worry your job then COE.

Singapore Hay Day is over.

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