COE Bidding - November 2023

[13177]

On 11/8/2023 at 4:09 PM, Soya said:

Lol...still 100k for paper and we happy like toad

 

If you compare the past few rounds coe, this round considers drop quite a lot liao, so sure happy like toad. If the extra coe quota really helps, many people would hope next few rounds will drop below $100k.

[Fcw75]

$110K for a piece of paper is still ridiculous la. 

Heck, nowadays don’t even got that piece of paper coz govt going paperless.

Edited November 8, 2023 by Fcw75

[Jamesc]

COE dropped 40k

Now is the time.

Buy buy buy bye bye

[Mkl22]

On 11/8/2023 at 4:05 PM, 13177 said:

Dropped quite a lot for Cat B and Cat E.

Cat E dropped almost $33k. And Cat b dropped $40k!

Looks like many will let the previous month coe lapse 

[darviathan]

On 11/8/2023 at 4:10 PM, Fitmugen said:

He should be demoted for loss of COE revenue

election coming soon, he will be promoted for able to bring down the price now hahahaha

but if price still drop those wanna buy or change car faster do it cause after 2024 the coe will be high

Edited November 8, 2023 by darviathan
typo

[13177]

On 11/8/2023 at 4:18 PM, darviathan said:

election coming soon, he will be promoted for able to bring down the price now hahahaha

but if price still drop those wanna buy or change car faster do it cause after 2024 the coe will be high

After 2024 coe high chance will be high due to many coe quota have already brought forward.

[darviathan]

On 11/8/2023 at 4:22 PM, 13177 said:

After 2024 coe high chance will be high due to many coe quota have already brought forward.

yup correct they keep bring forward so many papers later on sure jia lat somemore 0% growth. if they decided to go negative grow then gg.

[Jamesc]

If don't buy now next time lower quota

price sure shoot up!

Anyway when price is low

people will wait and wait and wait

saying it will go down even more

and then I buy!

[Fcw75]

This cut-and-fill approach will not work. Instead of looking at the root cause of the issue, they just bring forward the COE.

Just use their eyes to take a look at the new SNM SNL SNN Toyota Voxy, Noah, Alphard and many others with the blue label on the road.

[Jamesc]

And miss the boat!

Just like during Covid!

[Alfc]

On 11/8/2023 at 4:17 PM, Mkl22 said:

Looks like many will let the previous month coe lapse 

Yeah, losing $10k deposit better than lose $40k especially for Cat B. Bid high with protected downside risk. Brilliant.

[Jamesc]

People have short term memory.

Have today can already.

Need to pay back more tomorrow

tomorrow is far away!

[Voodooman]

Those who bought their car just 1-2 months ago will be very unhappy. 

If OMV very low, can scrap and take back money or not?

Edited November 8, 2023 by Voodooman

[Atachi]

Hmm still high.. it is akin to mark up high high then give “discount”

Will be interesting to see the next few rounds where the new norm will be.

Edited November 8, 2023 by Atachi

[Daniu82]

1 round wonder lar. I predict next round will be up up and away! 

[Soya]

On 11/8/2023 at 4:10 PM, Fitmugen said:

He should be demoted for loss of COE revenue

He improve happiness index. Think can even consider for DPM 

 

[Zxcvb]

Those who got their COE from the previous bidding must be banging balls now. 🤣

[Mkl22]

On 11/8/2023 at 4:32 PM, Voodooman said:

Those who bought their car just 1-2 months ago will be very unhappy. 

If OMV very low, can scrap and take back money or not?

Can. If arf paid is let’s say 20k assuming no rebates. Then 20% loss is customs. 25% is arf. Gst 8%, dealer mark up 100% of arf. Total should be less than $30K, export should get most of the body value back.