COE Bidding – June 2022

[Mkl22]

3 hours ago, Confusedboi said:

I was thinking those on 10 year loan if sell halfway say after 5 years and the value of the car not enough to cover the remaining loan then how ah?😅 just top up money ah

Sell backside? 😆

[Confusedboi]

2 hours ago, lexiton said:

is 10 years loan worth it?

 

Don’t think it’s worth it… more like last resort if die die want to buy new car and you are sure that you won’t sell or change the car before the 10 years is up..

[mikk123]

10 hours ago, Confusedboi said:

Don’t think it’s worth it… more like last resort if die die want to buy new car and you are sure that you won’t sell or change the car before the 10 years is up..

must take 10 years in order to MOVE FORWARD TOGETHER mah? then how to MOVE FORWARD with rich together? Taking bus? 😁

[Ginyu]

32 minutes ago, mikk123 said:

must take 10 years in order to MOVE FORWARD TOGETHER mah? then how to MOVE FORWARD with rich together? Taking bus? 😁

Ya cannot take bus and lao kui 😂 

[Ody_2004]

Singapore is a spending economy.. just like cycling.. cannot stop pedaling as you will fall..

If all choose not to spend.. how to circulate wealth from one to the other.. seem more like from poor to the rich.. sigh..

[Confusedboi]

1 hour ago, mikk123 said:

must take 10 years in order to MOVE FORWARD TOGETHER mah? then how to MOVE FORWARD with rich together? Taking bus? 😁

Well bus is made by Mercedes so it’s conti ride already 😆

[Mockngbrd]

14 hours ago, lexiton said:

is 10 years loan worth it?

 

Worth it if coe hits 200k. If coe drops to 50k sell backsai. 

[mikk123]

4 hours ago, Mockngbrd said:

Worth it if coe hits 200k. If coe drops to 50k sell backsai. 

if? if? if ? if? if? 

[Ginyu]

18 hours ago, mikk123 said:

if? if? if ? if? if? 

Aiya no need to think so much, just get the car with 10 year loan .Your friends are all driving and they jio u makan at Dempsey you take bus and walk, very lao kui one lei 😂 

[inlinesix]

21 minutes ago, Ginyu said:

Aiya no need to think so much, just get the car with 10 year loan .Your friends are all driving and they jio u makan at Dempsey you take bus and walk, very lao kui one lei 😂 

Can always book GrabExec6. 

Stylo Milo to Dempsey

[Spurman]

On 6/29/2022 at 7:40 PM, Mkl22 said:

Sell backside? 😆

If not handsome pretty. How many times to sell your backside wor.

 

Think over

[Tianmo]

8 minutes ago, inlinesix said:

Can always book GrabExec6. 

Stylo Milo to Dempsey

I know of someone who was entitled to company car with driver,  but she sold the car and let the driver go, and takes uberexec everyday.  She said cheaper and more effective,  and of course she still gets E class or 5er.  This was when Uber was still here. 

 

[mikk123]

2 hours ago, Ginyu said:

Aiya no need to think so much, just get the car with 10 year loan .Your friends are all driving and they jio u makan at Dempsey you take bus and walk, very lao kui one lei 😂 

why go dempsey leh? other place got even better food lah😁

[Ginyu]

3 hours ago, mikk123 said:

why go dempsey leh? other place got even better food lah😁

Dempsey is not just for the food. They go there to showcase their cars lei 😂  car meetups are held there

[SLing]

Please advise:

when the COE goes up, AD’s give discounts but do they usually give higher trade-in values for your old car?

is it cheaper to buy a new car when COE is high but AD’s give discount & higher trade-in value or cheaper to buy a new car without discount and lower trade-in value?

When cars are cheaper, will you only get “paper value” + $1k to $2k?

 

Edited July 1 by SLing

[awhtc]

Motor dealers expect COE premiums to break $110k record as early as August

SINGAPORE - Car buyers may soon have to deal with certificate of entitlement (COE) prices breaking the $110,500 record set in 1994, with premiums in two categories crossing the six-digit mark in the two latest tender exercises in June.

Motor traders are expecting prices to break the 28-year-old record as early as August, based on their projected reduction in the supply of COEs from August to October.

As for how far beyond the record premiums can go, their estimations range between $115,000 and $120,000 for the large car category. Few believe - or dare to imagine - that premiums can go beyond that.

https://www.straitstimes.com/singapore/transport/motor-dealers-expect-coe-premiums-to-break-110k-record-by-august

[mikk123]

54 minutes ago, awhtc said:

Motor dealers expect COE premiums to break $110k record as early as August

SINGAPORE - Car buyers may soon have to deal with certificate of entitlement (COE) prices breaking the $110,500 record set in 1994, with premiums in two categories crossing the six-digit mark in the two latest tender exercises in June.

Motor traders are expecting prices to break the 28-year-old record as early as August, based on their projected reduction in the supply of COEs from August to October.

As for how far beyond the record premiums can go, their estimations range between $115,000 and $120,000 for the large car category. Few believe - or dare to imagine - that premiums can go beyond that.

https://www.straitstimes.com/singapore/transport/motor-dealers-expect-coe-premiums-to-break-110k-record-by-august

chris is right. the authority is sleeping on the job. when is the next election? vote them out at whatever the cost 🤣 

[awhtc]

Speculative bidding fuels COE price spiral

...

For now, there is no sign of policy intervention.

But if nothing is done - and done soon - COE prices look certain to soar well past 1994's record.

And individual car buyers will continue to bear the brunt of a wildly cyclical auction which has less to do with supply and demand, and more with greed and manipulation.

https://www.straitstimes.com/singapore/transport/speculative-bidding-fuels-coe-price-spiral