COE Bidding - August 2023

[Daniu82]

Please continue to sayang your cars. And “enjoy” this COE freak show. 

[Kona_rider]

maybe Cat A will close at $120k by the end of 2023....huat ah

[Jamesc]

I happy Cat A 100k.

My idiot competitor like to bid 101,888 or something stupid like that!

[Kona_rider]

On 8/23/2023 at 5:25 PM, yishunite said:

He bid that means he got his COE leh...

Only if he bid $99,888 then never tio lol

next round can bid $108,888...

[ER-3682]

How much is the Toyota Altis selling now.?

[Daniu82]

Cat A at 100k is about 3 times more than my Cat B in 2019. Crazy prices now. I will continue to sayang my car. 

[Benarsenal]

No need to see that far. Jan 2022 Cat A only 50k plus. Now is double in just a year and a half.

Go up faster than rocket.

[Kopites]

Once it break the psychology 100 barrier mark the only way forward is up.😁

Going to be lesser traffic on the road. 

[mersaylee]

I feel so rich...just by imagining selling my car tomorrow...tonight sure wet dream...😁

[Dannnn]

On 8/23/2023 at 9:33 PM, Kopites said:

Once it break the psychology 100 barrier mark the only way forward is up.😁

Going to be lesser traffic on the road. 

Why lesser traffic on road, when every bidding all oversub?

[13177]

On 8/23/2023 at 9:33 PM, Kopites said:

Once it break the psychology 100 barrier mark the only way forward is up.😁

Going to be lesser traffic on the road. 

Now still cannot see the lesser traffic effect on the road yet. Must wait until 2030 and beyond maybe then can see. As when most of the 2021 and before registered cars reached 10 year old and got scrap.

I hear many people who is driving now, say after their current car reach 10 year old, no more driving as next car too ex to buy liao.

Edited August 23, 2023 by 13177

[Ingenius]

The only people who benefit from the record high COE prices are those who want to sell their car now and give up car ownership. For the rest the possibility of changing car is more remote than ever. 

Edited August 23, 2023 by Ingenius

[Kopites]

On 8/23/2023 at 11:03 PM, Ingenius said:

The only people who benefit from the record high COE prices are those who want to sell their car now and give up car ownership. For the rest the possibility of changing car is more remote than ever. 

There is always resales or Coe renewal. As long as it is a need surely there will be a way to work things around.

Only if the ride is a want then owner might need to contemplate the prioritise his lifestyle. 😁

[13177]

On 8/23/2023 at 11:03 PM, Ingenius said:

The only people who benefit from the record high COE prices are those who want to sell their car now and give up car ownership. For the rest the possibility of changing car is more remote than ever. 

COE same as property, now it is good time to sell their car and house and get good price. But you must not buy another car and house then would profit.

[13177]

On 8/23/2023 at 11:37 PM, Kopites said:

There is always resales or Coe renewal. As long as it is a need surely there will be a way to work things around.

Only if the ride is a want then owner might need to contemplate the prioritise his lifestyle. 😁

Resales and COE renewal is ex also. You see the resale car price now, also crazily high. Esp all these used cars coe registered back then was quite low lo, and yet now sell at 100k+ coe pricing. I really don't understand the logic behind.

[Confusedboi]

On 8/24/2023 at 8:41 AM, 13177 said:

Resales and COE renewal is ex also. You see the resale car price now, also crazily high. Esp all these used cars coe registered back then was quite low lo, and yet now sell at 100k+ coe pricing. I really don't understand the logic behind.

Let’s put it these way, 10k sgd can only get you a coe car with at most only a couple of months of COE time left. Can’t even get one full year of usage. Depreciation for such cars is very high also.

[inlinesix]

On 8/24/2023 at 9:02 AM, Confusedboi said:

Let’s put it these way, 10k sgd can only get you a coe car with at most only a couple of months of COE time left. Can’t even get one full year of usage. Depreciation for such cars is very high also.

Last year, $45k still can get 7 years old Honda Jazz.

Now, $55k.

[Fitmugen]

Smart thing to do is to sell your car and buy a home near MRT. Huat both ways