Jump to content
Carbon82

COE Bidding – 1st Round of August 2020

Recommended Posts

Neutral Newbie
1 minute ago, mistedframe said:

Sorry just another dumb question because I am new to this. If the COE closes at 35k+ and I see my AD bid for me at 38k, does that mean that it's a guarantee that I get my COE? Or I might not if there are 1034 bids higher than my 38k bid. Thanks!

Mean you will get your COE, congrats!

↡ Advertisement

Share this post


Link to post
Share on other sites
1st Gear
8 minutes ago, pengu said:

I kept to my words of not topping up. Will not top up as long as dealer margin is >$5k.

Hmmm but with today’s rise, the margin is fast dropping..... hmmmm

Then no car lo. Haha

Share this post


Link to post
Share on other sites
4th Gear
22 minutes ago, Enye said:

wah...up again

those never top up and never get coe dont worry be happy

will have some mcfer come and analyze for you why coe prices will come down over the next few months

then you will get your new cars

😬🤣

Never get and never top up nvm. I see mcfers say they will just move on and buy something else.

Share this post


Link to post
Share on other sites
Supersonic
20 minutes ago, pengu said:

Zzzzzz my dealer did not bid for me again. 
Did he even remember my sales contract?!?!

Took my $10k COE deposit and never do any work...... 

If never bid for you but still consider it a bid then ok, just wait all bids finished and take back the deposit and go elsewhere.

  • Praise 2

Share this post


Link to post
Share on other sites
6th Gear
3 minutes ago, Soundphile said:

Are the used car dealers doing that bad? usually the used cars would be traded in at near paper value. If they manage to sell one at 8-10K profit, it would easily offset the "loss" they made on other cars (if they were to scrap those at paper value). And if they choose to rent out the cars for a short stint before scrapping them, they would even make money out of it. $1.5K to $1.8K per mth for simple bread and butter car is very easily achievable.. 

You are right. They will take in your used car at close to paper value and convince you to believe that your car is machiam worthless, and then the next moment before you knew it, they market it with big mark up. It will be better if you are trading in a used car which is going to scrap soon. 

  • Praise 2

Share this post


Link to post
Share on other sites

4th Gear
11 minutes ago, Soundphile said:

Are the used car dealers doing that bad? usually the used cars would be traded in at near paper value. If they manage to sell one at 8-10K profit, it would easily offset the "loss" they made on other cars (if they were to scrap those at paper value). And if they choose to rent out the cars for a short stint before scrapping them, they would even make money out of it. $1.5K to $1.8K per mth for simple bread and butter car is very easily achievable.. 

Anyone renting cars during 3 mths CB? During those few months, cannot rent out, cannot sell but still face depreciation expenses... jialat.

Share this post


Link to post
Share on other sites
Hypersonic

PM me for a good used car dealer. I recommend him but I don't get any commission. 

:D

  • Haha! 1

Share this post


Link to post
Share on other sites
Supersonic
Just now, Jamesc said:

PM me for a good used car dealer. I recommend him but I don't get any commission. 

:D

His name James? 😬

  • Haha! 2

Share this post


Link to post
Share on other sites
6th Gear
5 minutes ago, ToyotaShuttle said:

Never get and never top up nvm. I see mcfers say they will just move on and buy something else.

I guess the problem that many buyers will face is that by the time they exit from 6 rounds of NG and start looking for something else, the prices across the board would have gone up quite a lot.

  • Praise 3

Share this post


Link to post
Share on other sites
Hypersonic
3 minutes ago, Roh96 said:

You are right. They will take in your used car at close to paper value and convince you to believe that your car is machiam worthless, and then the next moment before you knew it, they market it with big mark up. It will be better if you are trading in a used car which is going to scrap soon. 

Big mark up and reduce mileage. 

:D

  • Haha! 1

Share this post


Link to post
Share on other sites
1st Gear
25 minutes ago, pengu said:

Zzzzzz my dealer did not bid for me again. 
Did he even remember my sales contract?!?!

Took my $10k COE deposit and never do any work...... 

all those who bought deals just before CB or right after CB, with non-G COE, and already into 4th or 5th bid,

for this group, the game is no top up, no car. can prepare to take back deposit.

Share this post


Link to post
Share on other sites
Hypersonic
1 minute ago, Fcw75 said:

His name James? 😬

See so many people know him here. He got a good reputation in MCF. 

:D

But his MIL far more famous than him. 

  • Haha! 5

Share this post


Link to post
Share on other sites
Hypersonic

Say from MCF and get a better price. 

:D

  • Haha! 1

Share this post


Link to post
Share on other sites
Neutral Newbie

If the bid is put in by AD/PI, is it as individual or company? How do I see how much they bid for me?

Share this post


Link to post
Share on other sites
Neutral Newbie (edited)
On 8/5/2020 at 7:26 PM, SinkiesFTW said:

I dont think coe will coming down alot la. 😌 singapore unemployment rate is quite robust. Even back in 2009 the unemployment rate is quite low. Still got alot people loaded to buy car one 😏 

 

Woots, in line with my expectation. Huat! 

My expectation for Sept COE will be that the COE will continue to rise 1K - 5K for CAT A and B, given that the asset prices are maintaining well.

People saying that "more work from home" and lesser people wanting car is bulls**tting themselves. :D

Edited by SinkiesFTW

Share this post


Link to post
Share on other sites
5th Gear

The bids versus quota is 2x for cars across the board. This is quite a strong demand. No top-up, no bid, no car.

↡ Advertisement

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×