COE bidding - 1st and 2nd round March 2020

[Lotr]

3 hours ago, yishunite said:

Its gonna be one giant quota when finally release... wonder how they do the rollout to preserve COE price

Don't worry lah, the cards (COEs) are all in LTA's hands

[Kangadrool]

2 hours ago, mersaylee said:

LTA site stated as per 4/4/20 that owner has up to take months to dispose the car after deregistration...wouldn’t it subject to low baller scrapyard or exporter on car body value? 
 

https://www.lta.gov.sg/content/ltagov/en/newsroom/2020/april/news-releases/vehicle-related-services-available-online-during-elevated-safe-d.html

You need to pay scrapyard to scrap motorcycles. So, won't be surprised to see this happening to cars now.

[mersaylee]

39 minutes ago, Kangadrool said:

You need to pay scrapyard to scrap motorcycles. So, won't be surprised to see this happening to cars now.

In that case better to renew COE then wait for sharp renounce then sell it off

A tall order though 

[Dinobros]

On 4/22/2020 at 2:37 PM, mersaylee said:

In that case better to renew COE then wait for sharp renounce then sell it off

A tall order though 

2nd Hand car trade in value is very low now.

Was quoted paper value for my car.

[Jamesc]

14 minutes ago, Dinobros said:

2nd Hand car trade in value is very low now.

Was quoted paper value for my car.

Its not only now.

They always only take in at paper value.

So if cannot sell they just scrap.

Not much loss for them.

That's why I don't know why people here worry for them.

Their loss is always very little.

Edited April 24, 2020 by Jamesc

[mersaylee]

34 minutes ago, Dinobros said:

2nd Hand car trade in value is very low now.

Was quoted paper value for my car.

What model is it? I got 2k for my previous suv. 

[Dinobros]

2 hours ago, mersaylee said:

What model is it? I got 2k for my previous suv. 

C180. Normally Mercedes usually have a decent body value as there is market for 2nd hand., but dun seem like that now.

[Jamesc]

13 minutes ago, Dinobros said:

C180. Normally Mercedes usually have a decent body value as there is market for 2nd hand., but dun seem like that now.

Sell direct. Don't let the car dealers eat all your profit.

Keep for yourself.

Edited April 24, 2020 by Jamesc

[mersaylee]

1 hour ago, Dinobros said:

C180. Normally Mercedes usually have a decent body value as there is market for 2nd hand., but dun seem like that now.

You mean you got zero for body value?

Usually C can easily fetch 2k for a sedan. 

[Mozzo]

Hmm any news on the next coe bidding? 

[Mkl22]

26 minutes ago, Mozzo said:

Hmm any news on the next coe bidding? 

Got another month to go. What’s the hurry?

[Skyline6]

On 4/26/2020 at 7:51 PM, Mkl22 said:

Got another month to go. What’s the hurry?

LTA is not efficient. They should make a statement earlier. Some online deal pretty good. Dealer said Coe price could go up.

Edited April 27, 2020 by Skyline6

[Lotr]

3 hours ago, Skyline6 said:

LTA is not efficient. They should make a statement earlier. Some online deal pretty good. Dealer said Coe price could go up.

I don't think any dealer will say coe will go down. Meanwhile, some dealers' coe rebate levels are at 20k

[Mkl22]

23 minutes ago, Lotr said:

I don't think any dealer will say coe will go down. Meanwhile, some dealers' coe rebate levels are at 20k

Yeah ever since coe was launched in 1990, the refrain has always been, better buy now before coe goes up. 

[Lotr]

1 hour ago, Mkl22 said:

Yeah ever since coe was launched in 1990, the refrain has always been, better buy now before coe goes up. 

Yes, very true

To put it plainly, if coe is going up, why would dealers reduce the rebate level?

[Bobmale]

On 4/26/2020 at 7:24 PM, Mozzo said:

Hmm any news on the next coe bidding? 

Did u just booked a car before CB and now waiting for COE bidding?

[noobcarbuyer]

4 hours ago, Lotr said:

I don't think any dealer will say coe will go down. Meanwhile, some dealers' coe rebate levels are at 20k

COE will definitely go down. Question is will the car prices follow suite?

Even AD workshops now forced to shut down for more than 1 month. 

Profit margins come first. 

[Lotr]

31 minutes ago, noobcarbuyer said:

COE will definitely go down. Question is will the car prices follow suite?

Even AD workshops now forced to shut down for more than 1 month. 

Profit margins come first. 

Price will follow but not by the same amount I suppose.