COE bidding - 1st and 2nd round March 2020

[joshua182]

actually very simple la... when u see many AD all reduce price more than any COE drop... means u can buy liao... 

[13177]

59 minutes ago, joshua182 said:

actually very simple la... when u see many AD all reduce price more than any COE drop... means u can buy liao... 

AD only reduce price when coe dropped lo. And when coe increased, they will increase as well.

[ahngoh]

3 hours ago, Hokma8 said:

Feb first round down $5K car price dropped $4K. Second round coe up 3K and car price increased $3K. Why liddat?

 

car price drop, you place order, coe up during the next bid, cannot secure coe 😭

[Lotr]

39 minutes ago, 13177 said:

AD only reduce price when coe dropped lo. And when coe increased, they will increase as well.

Not only that, if coe drop, sometime they reduce less than the drop to increase their profit margin when coe is low

[Jimmy69]

Does anyone know what is the bidding status now?

[Philipkee]

6 hours ago, Jimmy69 said:

Does anyone know what is the bidding status now?

https://www.onemotoring.com.sg/content/onemotoring/home/buying/coe-open-bidding.html

[13177]

9 hours ago, Jimmy69 said:

Does anyone know what is the bidding status now?

Still early to tell the bidding status now. Lol. 

[Lufu]

9 hours ago, Jimmy69 said:

Does anyone know what is the bidding status now?

Only some bids. I believe these are people hoping to win lucky draw. The dealers (and price movement) don't appear until Wednesday afternoon.

[Rocket27]

19 hours ago, Heartbreakid said:

Given the current condition, COE might dropped, but not by mu

 

Edited March 3, 2020 by Rocket27

[13177]

52 minutes ago, Lufu said:

Only some bids. I believe these are people hoping to win lucky draw. The dealers (and price movement) don't appear until Wednesday afternoon.

Dealers only appear at last 10-15 mins before coe bidding close la.

[Rocket27]

Hi i'm a newbie need some advice if i paid a deposit for a new car and the COE has not been secured yet after tomorrow's bidding if the price drops's or increase will it affect my car price and my loan has been approved also. 

[13177]

5 minutes ago, Rocket27 said:

Hi i'm a newbie need some advice if i paid a deposit for a new car and the COE has not been secured yet after tomorrow's bidding if the price drops's or increase will it affect my car price and my loan has been approved also. 

Doesnt affect your car price and loan approved.

[Lufu]

19 minutes ago, Rocket27 said:

Hi i'm a newbie need some advice if i paid a deposit for a new car and the COE has not been secured yet after tomorrow's bidding if the price drops's or increase will it affect my car price and my loan has been approved also. 

If you've already bought, you can hope that COE is $1 and your COE rebate kicks in.

[Jtbc]

1 hour ago, Lufu said:

Only some bids. I believe these are people hoping to win lucky draw. The dealers (and price movement) don't appear until Wednesday afternoon.

The successful bids are the first highest bidders above 979?

And the successful bid price is the 978th from highest price down ?

What are the factors that will affect the bidding price ?

Thank you.

 

Edited March 3, 2020 by Jtbc

[Skyline6]

 

36 minutes ago, Jtbc said:

The successful bids are the first highest bidders above 979?

And the successful bid price is the 978th from highest price down ?

What are the factors that will affect the bidding price ?

Thank you.

 

https://www.onemotoring.com.sg/content/onemotoring/home/buying/upfront-vehicle-costs/certificate-of-entitlement--coe-.html

Check out the 'How the COE open bidding system works' section.

I think u are referring to Cat A. Yes. Basically 987th bidder price + $1 (based on list of bid prices sorted by descending order).

 

[Philipkee]

13 minutes ago, Skyline6 said:

 

https://www.onemotoring.com.sg/content/onemotoring/home/buying/upfront-vehicle-costs/certificate-of-entitlement--coe-.html

Check out the 'How the COE open bidding system works' section.

I think u are referring to Cat A. Yes. Basically 987th bidder price + $1 (based on list of bid prices sorted by descending order).

 

I believe u r talking about cat B.

Cat A quota is 978

Cat B quota is 987

[Jtbc]

20 minutes ago, Philipkee said:

I believe u r talking about cat B.

Cat A quota is 978

Cat B quota is 987

Thanks for replying.

I am refering to Cat A, 978.

Erm, so it is the highest Unsuccessful bid price (no. 979 for Cat A) plus $1 will be the final COE price, correct?

I suppose we are not able to see the 979th price but the highest bid price during the bidding process. So once bidding closed, COE price should be lower than the highest bid price, right ?

[Philipkee]

7 minutes ago, Jtbc said:

Thanks for replying.

I am refering to Cat A, 978.

Erm, so it is the highest Unsuccessful bid price (no. 979 for Cat A) plus $1 will be the final COE price, correct?

I suppose we are not able to see the 979th price but the highest bid price during the bidding process. So once bidding closed, COE price should be lower than the highest bid price, right ?

What I understand is yes. Highest bids are usually very high so we wont know what it was (except the bidder and the car purchase where he can see what the AD bidded).