COE Bidding – 1st Round of October 2020

[berry64694]

1 minute ago, tjyand said:

demand slowing, prices are holding steady or falling. nov onwards hopefully will see a better drop

why do you say demand slowing? there are more bids this round than last round. 

[berry64694]

27 minutes ago, Cheekeong_7 said:

35k for CAT A seems very swee and safe

really?

[Bry_2004]

demand is not slowing down at all..with new models like avante 2021 and offers from a number of ADs..they have 6 bids to play with..
 

[BobbyTan_74287]

All up except Open Cat.

[Cheekeong_7]

[Soundphile]

18 minutes ago, pengu said:

To add some fear, I’ve got a colleague who lost $15k (car plus COE deposit) because his PI run road 3 years ago. That’s the worry to buying from PI, especially when the PI thinks the money is worth more than whatever reputation his PI has.

Close shop, and open another shop with same name. And this particular PI is still in business.......

Haha but think Vincar no need scare lah

No matter big brand or not, for PI, just go for lowest deposit. Right now got several PIs just need 1k deposit. the remaining amount to pay during collection of car.

Reduce risk exposure as much as possible...

[noobcarbuyer]

Looks like those waiting for a big drop since June 2020 can carry on waiting.

[13177]

3 minutes ago, noobcarbuyer said:

Looks like those waiting for a big drop since June 2020 can carry on waiting.

Coe looks like will continue to maintain around $38k to around $40k? No more $30k coe liao?!

[Cheekeong_7]

Just now, 13177 said:

Coe looks like will continue to maintain around $38k to around $40k? No more $30k coe liao?!

I guess should be maintain.. No more 30k COE liao... 😥

[Fcw75]

8 minutes ago, noobcarbuyer said:

Looks like those waiting for a big drop since June 2020 can carry on waiting.

Right here waiting by Richard Marx. 🤣

[Fcw75]

3 minutes ago, 13177 said:

Coe looks like will continue to maintain around $38k to around $40k? No more $30k coe liao?!

With Avante selling well, COE how to drop?

[kson]

Gov.needs revenue during convid. 

[noobcarbuyer]

2 minutes ago, 13177 said:

Coe looks like will continue to maintain around $38k to around $40k? No more $30k coe liao?!

If look at the general trend since Oct 2019, there is a definite trend upwards in COE pricing towards the $40K ceiling.

Demand seems to be stabilizing and is similar to last year-end period. 

But monthly quota is on a downward trend.

The table below does not include the 2nd Oct COE bidding.

[Cs11]

32 minutes ago, newbie_2020 said:

Thank you.. Just disappointed

4 bids two months plus with nothing in system. 

Yours not so bad, you never kenna those take ur $ as free cash flow kind and didn’t bid for u at all for all bid..

[Mkl22]

1 hour ago, newbie_2020 said:

Sorry may I ask 

6 bid guaranteed means they will bid on the 6th ? 

8 bids guaranteed means they wil bid on the 8th? 

 

Why not you ask them? 

[Spurman]

I tink coe is consperm recession proof.

The wave of 2008 09 10 cheap coe which r already 10yr n some prob reneewed coe liao. Those floe back one already flow back. 

No longer even the 25k to 30k coe norm liao. Its over liaom consperm.

The new trend looks to be 40k to 60k soon liao.

Sad truth hard truth

[Philipkee]

I got my COE.  Plus car is ready.  Tomorrow SE will arrange the delivery date.

@Jamesc  I have  never seen any SE or AD work so fast to deliver a car before 

Are they running out of biscuits already?  It's ok.  I will take from KMC.

[Snowboardjunkie]

Hello bros, first time buyer here so just wanna confirm from your experiences. The current reserve price is the amount my PI bid for me? And if higher than the current coe price, does it mean the coe is secured?