COE Bidding – June 2022

[Mockngbrd]

U all still think can buy Honda s660 ah? Honda sold out its entire production run almost a year ago liao. 

[Wt_know]

17 minutes ago, Micb said:

Does that mean we, the sandwiched class peasants, will be regressing back to paddling 2 wheelers and public transport instead?   Like in those 1950's - 70's days.

If in the future, we peasants flood the roads and pavements with branded bikes, not sure will there be a COE category for bicycle ?   😅

car is for .... slowly but surely .... 

[Ginyu]

1 hour ago, mikk123 said:

not all wealthy will buy a 1.0 Audi A3 or HONDA 600 lah.... bosses must be seen either in BMW or Merc lah.... also local chinese face very important one, they want to drive big big continental car lah. 

if K car implemented, the majority of the HDB dwellers will benefit from it. For the sake of healthy argument, let's exclude exceptional cases lah. 

Towkays seen in bmw or merc is normal. However not so rich one also want face and drive big car 😂 maybe half of their monthly paycheck goes to the car

Edited June 23 by Ginyu

[SLing]

3 hours ago, Micb said:

Does that mean we, the sandwiched class peasants, will be regressing back to paddling 2 wheelers and public transport instead?   Like in those 1950's - 70's days.

If in the future, we peasants flood the roads and pavements with branded bikes, not sure will there be a COE category for bicycle ?   😅

Stop complaining.  Cycling will keep the peasantry fit for IPPT & to defend the imported wealth by serving the SAF. 

[Sdf4786k]

Is the cycle of coe still predictable? Meaning when it hit 6 digits , the number of Renewal of old cars will plunge and that will mean a small volume of cars to go into the next cycle 

[mikk123]

13 hours ago, Sdf4786k said:

Is the cycle of coe still predictable? Meaning when it hit 6 digits , the number of Renewal of old cars will plunge and that will mean a small volume of cars to go into the next cycle 

nothing is predictable. What is predictable is you need to be very very rich to drive a car and you have to pay more $$$$$ 😁

[Mkl22]

20 hours ago, Mockngbrd said:

U all still think can buy Honda s660 ah? Honda sold out its entire production run almost a year ago liao. 

Used import lor. 

[Mockngbrd]

1 hour ago, Mkl22 said:

Used import lor. 

The extra fees on used import make it totally boh hua, I tried. 

Edited June 24 by Mockngbrd

[lexiton]

currently the quota is 0% increase meaning those quota available for bidding are recycled from the previous batch right

[Sdf4786k]

On 6/23/2022 at 11:36 AM, Mockngbrd said:

U all still think can buy Honda s660 ah? Honda sold out its entire production run almost a year ago liao. 

There’s always the alternative GR copen

[Philipkee]

On 6/23/2022 at 7:41 AM, Scion said:

as ah gong last time said: what's wrong with making more money 

i suggest gahmen can consider setting up a new tier COE system... to buy a COE in order to bid for the COE for new cars 🤣

this certificate of entitlement only entitle u to bid for a COE for new cars 🤣

I suggest selecting length of Coe in multiples of years, maximum is 10 years.

So let's say you tell the dealer you want a Coe for 3 years.  The bidding happens.

Coe 100k. You only pay 30k for Coe.  So you save money but after 3 years you need to scrap the car or send for export.

You save money, Coe gets recycled faster. More people have chance to own a car.  Car population remains the same.  Revenue remains the same.  It's just the Coe turnover is much faster.

Second hand car dealers will also need to bid for Coe if let's say the car has a 3 year old Coe and someone sell to them. They will bid for 1 to 7 years of Coe and obtain them before being able to sell so either they export or they must be confident they can sell them.

[Mockngbrd]

24 minutes ago, Sdf4786k said:

There’s always the alternative GR copen

That's FF crap

Edited June 25 by Mockngbrd

[Benarsenal]

18 minutes ago, Philipkee said:

I suggest selecting length of Coe in multiples of years, maximum is 10 years.

So let's say you tell the dealer you want a Coe for 3 years.  The bidding happens.

Coe 100k. You only pay 30k for Coe.  So you save money but after 3 years you need to scrap the car or send for export.

You save money, Coe gets recycled faster. More people have chance to own a car.  Car population remains the same.  Revenue remains the same.  It's just the Coe turnover is much faster.

Second hand car dealers will also need to bid for Coe if let's say the car has a 3 year old Coe and someone sell to them. They will bid for 1 to 7 years of Coe and obtain them before being able to sell so either they export or they must be confident they can sell them.

Very wasteful leh. Like that people will just keep bid for 1 or 2 years then keep changing car.

[Volvobrick]

On 6/22/2022 at 7:08 PM, Wt_know said:

fk the PHV companies bidding up COE

PHV companies is like Taxi companies, should ban them from bidding COE 

bid high high and simply raise the rental cost and the cost is subsequently transfer to “consumer”  

Not only that, rental cars amd PHV are used at least 4 or 5 times more than private cars each day. They contribute to more congestion. Should should pay 5 times the premium compared to private buyers to reflect true costs of usage. 

Just a load of excrement talking about car lite when obvious flaws are not tackled. 

[Philipkee]

2 hours ago, Benarsenal said:

Very wasteful leh. Like that people will just keep bid for 1 or 2 years then keep changing car.

Not really.  If you want to keep longer, you bid for longer Coe 

As for those who wants to YOLO and buy a one time Coe, what's wrong with earning more money?  Also, a one year old car sent to scrapyard will more likely be exported than scrapped.

Edited June 25 by Philipkee

[Benarsenal]

26 minutes ago, Philipkee said:

Not really.  If you want to keep longer, you bid for longer Coe 

As for those who wants to YOLO and buy a one time Coe, what's wrong with earning more money?  Also, a one year old car sent to scrapyard will more likely be exported than scrapped.

Hard to say. Some may find it more valuable to dismantle for parts.

I already don't like the idea of artificially restricting a car's lifespan to just ten years when they can last for much longer. Such a policy will only encourage more turnover, and more waste in making (and then scrapping) new cars year after year. 

[Wondertree]

Garment likes this. Easily 200k COE as it reduces initial quantum and makes any COE amount look smaller than it actually is.

10 hours ago, Philipkee said:

I suggest selecting length of Coe in multiples of years, maximum is 10 years.

So let's say you tell the dealer you want a Coe for 3 years.  The bidding happens.

Coe 100k. You only pay 30k for Coe.  So you save money but after 3 years you need to scrap the car or send for export.

You save money, Coe gets recycled faster. More people have chance to own a car.  Car population remains the same.  Revenue remains the same.  It's just the Coe turnover is much faster.

Second hand car dealers will also need to bid for Coe if let's say the car has a 3 year old Coe and someone sell to them. They will bid for 1 to 7 years of Coe and obtain them before being able to sell so either they export or they must be confident they can sell them.

 

[Voodooman]

8 hours ago, Philipkee said:

Not really.  If you want to keep longer, you bid for longer Coe 

As for those who wants to YOLO and buy a one time Coe, what's wrong with earning more money?  Also, a one year old car sent to scrapyard will more likely be exported than scrapped.

COE money stays in SG, why benefits foreign car manufacturers? 

Want to own a car for 3 years, just buy and then sell 3 years later. How does your idea change the supply equation with the zero growth policy?