SiLangKia Supersonic April 6, 2021 Share April 6, 2021 50 minutes ago, mikk123 said: maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? Don't generalise la, one of our millionstars in the popular Jurong area drives COE estima, scrapped and changed to another COE estima ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Lotr 6th Gear April 6, 2021 Share April 6, 2021 1 hour ago, mikk123 said: maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? Few thousands dollars Coe in 2016? Cannot be. 2018 COE still about 30-40k 1 Link to post Share on other sites More sharing options...
D3badge 6th Gear April 6, 2021 Share April 6, 2021 (edited) 4 hours ago, mikk123 said: maybe half lah....last time they bought was when COE at few thousand dollar? Now at $40k, I doubt all 15k will run to the showroom. If they are rich people, they wouldn't have chosen the renewal option in the first place, would they? I dunno how much 5 years COE cost, but my previous car was a $56k COE in 3rd week June 2016! Today COE is below $50k hmmm...... Edited April 6, 2021 by D3badge Link to post Share on other sites More sharing options...
Jamesc Hypersonic April 6, 2021 Share April 6, 2021 The reason people renew 5 years is because coe was over $50k. If only "a few k" people would have renewed 10 years. 2 Link to post Share on other sites More sharing options...
wlalala 4th Gear April 6, 2021 Share April 6, 2021 21 minutes ago, mikk123 said: alamak....my facts got wrong. What if people paid low COE at the point of purchase which was 15 years ago. 10 years later they faced high COE, so they decided to pay half COE and continue their, so called cheap COE car for 5 more years? is my analysis making sense? feel free to add your thoughts 😁 anybody wanna check coe price 15 years ago?😂 anyway I think people renew COE because it is cheaper than buying a new car. if they had any inkling of giving up car ownership, they probably wouldn't have renewed. Because renewing isn't just paying the PQP, their parf is forfeited as well. Link to post Share on other sites More sharing options...
Jamesc Hypersonic April 6, 2021 Share April 6, 2021 And paying 5 year coe is really sacrificing parf as can never renew. Link to post Share on other sites More sharing options...
Jwee85 5th Gear April 6, 2021 Share April 6, 2021 The news report not logical. Lesser extensions could also mean, more rather buy a new car. With the delay in the scrapped COE returning to the quota pool, this means upfront demand will drive up the COE price. Link to post Share on other sites More sharing options...
Bensky 1st Gear April 6, 2021 Share April 6, 2021 US auto industry calls for government help as it warns of impact of chip shortagehttps://www.channelnewsasia.com/news/business/us-auto-industry-calls-for-government-help-as-it-warns-of-impact-of-chip-shortage-14565284 Soon not only are COEs limited, car stocks are dwindling sharply. Better buy while stocks last!! Link to post Share on other sites More sharing options...
mersaylee Supersonic April 6, 2021 Share April 6, 2021 7 minutes ago, Bensky said: US auto industry calls for government help as it warns of impact of chip shortagehttps://www.channelnewsasia.com/news/business/us-auto-industry-calls-for-government-help-as-it-warns-of-impact-of-chip-shortage-14565284 Soon not only are COEs limited, car stocks are dwindling sharply. Better buy while stocks last!! Would that translate to better resale value or export value of used car? I have one going to either scrapyard or export yard soon...i hope the world is in shortage of metal as well 😁 2 Link to post Share on other sites More sharing options...
Darthrevan Supercharged April 6, 2021 Share April 6, 2021 5 hours ago, wlalala said: anybody wanna check coe price 15 years ago?😂 April 2006 was $11.9k for Cat A. Link to post Share on other sites More sharing options...
abamadik Neutral Newbie April 7, 2021 Share April 7, 2021 From March 2nd Tender to April 1st Tender- 3 weeks waiting period. COE prices is gonna increase definitely- Only can est how much will it increase... Anyone wanna sidebet?😎 Link to post Share on other sites More sharing options...
Wtgoesmydasdy Neutral Newbie April 7, 2021 Share April 7, 2021 Such an interesting auction dynamic - price remains at $1 till the last few minutes when it suddenly sky-rockets. I would love to sneak peek into those last few minutes of auction at one of the major ADs. Link to post Share on other sites More sharing options...
RadX Moderator April 7, 2021 Share April 7, 2021 UP ahhhhhhhhhhhhhhhhhhhhh..huat ah!!! hahahaha 2 Link to post Share on other sites More sharing options...
Daniu82 Supercharged April 7, 2021 Share April 7, 2021 5 minutes ago, RadX said: UP ahhhhhhhhhhhhhhhhhhhhh..huat ah!!! hahahaha Got your COE then say up. Lolz. 2 Link to post Share on other sites More sharing options...
Lotr 6th Gear April 7, 2021 Share April 7, 2021 (edited) The no. of bids looks strong. Cat B gonna break $1. Quota is low. All below 1k. Edited April 7, 2021 by Lotr Link to post Share on other sites More sharing options...
Yongwd 1st Gear April 7, 2021 Share April 7, 2021 Link to post Share on other sites More sharing options...
RadX Moderator April 7, 2021 Share April 7, 2021 1 minute ago, Daniu82 said: Got your COE then say up. Lolz. i come kacau oni... 1 Link to post Share on other sites More sharing options...
Lotr 6th Gear April 7, 2021 Share April 7, 2021 Cat B $45k liao ↡ Advertisement Link to post Share on other sites More sharing options...
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