Parliament: COE, road tax and other costs will continue to apply to private cars, says Khaw Boon Wan

[1fast1]

4 hours ago, kobayashiGT said:

Parliament: COE, road tax and other costs will continue to apply to private cars, says Khaw Boon Wan

source: https://www.straitstimes.com/singapore/transport/parliament-coe-road-tax-and-other-costs-will-continue-to-apply-to-private-cars?utm_medium=Social&utm_campaign=STFB&utm_source=Facebook&fbclid=IwAR0QtgIRetgfnmZqhIKANAaYw7HrQNZS7AaQGH62T7PWULgPW34vta9qku4#Echobox=1588691487

SINGAPORE - Private car owners will have to continue paying for Certificates of Entitlement (COEs) and their road tax plus vehicle licensing fees during the circuit breaker period, said Transport Minister Khaw Boon Wan on Tuesday (May 5),

The reason is they can still drive on the road for essential work or personal activities like buying groceries, he pointed out.

He said in a written parliamentary reply to Nominated MP Walter Theseira that his ministry has received requests to extend the validity period of COE, road tax and other relevant motor vehicle licences.

Associate Professor Theseira had raised the issue too when he asked whether such relief could be given to mitigate motor vehicle depreciation costs in view of the impact of Covid-19 measures on motor vehicle usage.

But, Mr Khaw noted, the Land Transport Authority (LTA) has already made adjustments to land transport services and charges.

He pointed to the LTA extending the inspection deadline for private car owners who were originally scheduled to have their cars inspected during the circuit breaker period.

It also extended the deadline for vocational drivers to submit their medical reports when renewing their vocational licenses.

"In both cases, the motorists can continue using their vehicles as long as they have valid insurance coverage and road tax," he said.

In a separate written parliamentary reply, Mr Khaw said that post-pandemic, the current financing model for public transport would have to be updated should the impact of Covid-19 be "drastic".

But as it is too early to determine the post-pandemic world, it would be "premature to assess its long-term impact to public transport financials", he added.

"Suffice to say that the pandemic will reshape our economy, our way of life and how we move about."

The minister was replying to Prof Theseira, an economist with the Singapore University of Social Sciences, who had asked how social distancing measures had affected demand for public transport services, among other things.

Mr Khaw said public transport companies are racking up additional costs as they clean and protect their vehicles and drivers, and house Malaysian bus drivers.

These Malaysian drivers are affected by their country's Movement Control Order that requires them to be quarantined for 14 days when they cross the border into Johore.

"These costs would eventually have to be borne by operators and taxpayers, as they are not adequately covered by current fares.

"Our transport operators are therefore under significant financial stress, especially as their rail operations were already making losses prior to Covid-19," he added.

Current ridership has plummeted by 75 per cent for buses and 84 per cent for trains compared with pre-Covid-19 levels. At the same time, fare revenues have plunged by about 80 per cent.

For now, the impact on the operators is "partly cushioned" by relief measures such as the Job Support Scheme, property tax rebates, waiver of the foreign worker levy and temporary suspension of Electronic Road Pricing, he noted.

Operating costs could have declined further if public transport supply was reduced to match the dwindling demand, but operators have largely preserved service capacity to ensure commuters could maintain social distancing, Mr Khaw said.

"Post-pandemic, we will see how public transport evolves," he added.

 

$8 bypass Penang cow is not interested in returning any of the milk it got from us sheep. 😁

[Hamburger]

Surely you people are not surprised. 

 

Are you?

[sake]

my car COE is expiring 30 June 2020.

was hoping the Cat B PQP for renewal would be lower than $33,568.

sigh.......

[Vinceng]

6 hours ago, sake said:

my car COE is expiring 30 June 2020.

was hoping the Cat B PQP for renewal would be lower than $33,568.

sigh.......

It's a given that COE prices will dip if bidding had proceeded as scheduled.

If car distributors can have brisk online sales during Circuit Breaker, and 2nd hand dealers are still transacting in used car sales (check sgcarmart under *sold), why can't COE bidding, which is done online, proceed?

It's just to defy market forces to prevent a crash, resulting in revenue loss. Crystal clear!

[Philipkee]

1 hour ago, Vinceng said:

 

If car distributors can have brisk online sales during Circuit Breaker, and 2nd hand dealers are still transacting in used car sales (check sgcarmart under *sold), why can't COE bidding, which is done online, proceed?

Going by this argument, shouldnt the govt mandate that COEs should be self bidded and cars sold should only be on prices minus coe?  Maybe at most dealers can have CAT E on hand.

Easy to control.  CAT A, B, C and D can only be bidded with the individual's singpass.   I think no one, no matter how keen, will allow the car.dealer to control the singpass account.

It's all about $$$

[Optramagnum]

10 hours ago, sake said:

my car COE is expiring 30 June 2020.

was hoping the Cat B PQP for renewal would be lower than $33,568.

sigh.......

That's life bro. You gain some, you lose some. Think of those friends who bought car when COE was high as $70k+. And you will get higher paper value if you choose to scrap before COE expires. hope you'll feel better. 

[Angcheek]

 

really CCB  ........... 

iras is another one ....  

 

[Angcheek]

 

why dont they increase pte property Tax better ..........  many rich people what . 

 😂 now richie rich all asking for gov support   

[hushpuppy8827]

21 hours ago, sake said:

my car COE is expiring 30 June 2020.

was hoping the Cat B PQP for renewal would be lower than $33,568.

sigh.......

I feel you... Mine due soon also, if bidding was not suspended, I think we could have save a few k. LTA only takes care of dealers, we are not important la. 

[Apple-Tree]

22 hours ago, sake said:

my car COE is expiring 30 June 2020.

was hoping the Cat B PQP for renewal would be lower than $33,568.

sigh.......

I think hor, after expiry, you get 1 month waiver to consider renewing COE.  This is not a COVID19 thingy lor.  But your car cannot drive during this period.

Check with LTA lor.  1800-ASKLTA

[sake]

16 hours ago, Vinceng said:

It's a given that COE prices will dip if bidding had proceeded as scheduled.

If car distributors can have brisk online sales during Circuit Breaker, and 2nd hand dealers are still transacting in used car sales (check sgcarmart under *sold), why can't COE bidding, which is done online, proceed?

It's just to defy market forces to prevent a crash, resulting in revenue loss. Crystal clear!

 

13 hours ago, Optramagnum said:

That's life bro. You gain some, you lose some. Think of those friends who bought car when COE was high as $70k+. And you will get higher paper value if you choose to scrap before COE expires. hope you'll feel better. 

 

2 hours ago, hushpuppy8827 said:

I feel you... Mine due soon also, if bidding was not suspended, I think we could have save a few k. LTA only takes care of dealers, we are not important la. 

 

1 hour ago, Apple-Tree said:

I think hor, after expiry, you get 1 month waiver to consider renewing COE.  This is not a COVID19 thingy lor.  But your car cannot drive during this period.

Check with LTA lor.  1800-ASKLTA

will definitely be renewing COE.

it's a classic car on normal plate.

just disappointed that we will still be using the Jan COE ($37,109 and $37,705) prices for the PQP calculation. was looking forward to COE prices below 30k.

[Vinceng]

1 hour ago, sake said:

will definitely be renewing COE.

it's a classic car on normal plate.

just disappointed that we will still be using the Jan COE ($37,109 and $37,705) prices for the PQP calculation. was looking forward to COE prices below 30k.

You can choose to lay up your vehicle till the PQP drops.

https://www.onemotoring.com.sg/content/dam/onemotoring/Forms/M05.pdf

Laid up vehicles lose their PARF. But you have no PARF to forgo as your COE has been renewed before.

[Mockngbrd]

Lay up car does not mean coe will not run down. Coe still count down as per normal even when laid up. And noz there is no grace period. The one month after your coe expiry you will have to pay late renewal penalty fee. After that 1 month still not renewed, car must go scrap.

Also, pay one mont later does not mean you get to use the later PQP. Your renewal still based on when the car coe expired. 

[Optramagnum]

14 hours ago, sake said:

 

 

 

will definitely be renewing COE.

it's a classic car on normal plate.

just disappointed that we will still be using the Jan COE ($37,109 and $37,705) prices for the PQP calculation. was looking forward to COE prices below 30k.

No matter what, you still have the pay  the PQP of the month which your current COE expire. COE Renewal can be before expiry or even after. But of latter, it will still be pegged to the PQP for the month of your COE Expiry.

So it's either Yes or No. 

Edited May 8, 2020 by Optramagnum

[Vinceng]

On 5/8/2020 at 12:49 AM, Mockngbrd said:

Lay up car does not mean coe will not run down. Coe still count down as per normal even when laid up. And noz there is no grace period. The one month after your coe expiry you will have to pay late renewal penalty fee. After that 1 month still not renewed, car must go scrap.

Also, pay one mont later does not mean you get to use the later PQP. Your renewal still based on when the car coe expired. 

Now we understand why COE bidding has been cancelled during the Circuit Breaker despite ongoing  online new and used car sales - to prevent further loss in revenue.

[QQDreamer]

afterall, it is money that matters most to our garmen. many thanks to those have agree on such policies the past 5 years.

[Wt_know]

On 5/8/2020 at 12:49 AM, Mockngbrd said:

Lay up car does not mean coe will not run down. Coe still count down as per normal even when laid up. And noz there is no grace period. The one month after your coe expiry you will have to pay late renewal penalty fee. After that 1 month still not renewed, car must go scrap.

Also, pay one mont later does not mean you get to use the later PQP. Your renewal still based on when the car coe expired. 

wah .... who can think of "have the cake and eat it"

[Meanmachine]

I can only think of ppl buying bidding new car full cash and not affected one bit during this COVID period  or even so for good used car, w/o loan.