COE Bidding – Mar 2025

[Beehive3783]

On 4/10/2025 at 2:35 PM, Throttle2 said:

Nothing could be more incorrect i am afraid.  

Hoppe Singapore, more people lose their jobs and economy suffers. Then a good lesson can be learnt. 😎😎Singaporeans are way too complacent. 

Well, I mean, silly people will continue buying cars until they lose their jobs for real. That's when people like you can pick up a nice bargain on SGCM  

[Throttle2]

On 4/10/2025 at 12:59 PM, Kar_lover said:

Aiya of course high SES people not applicable. U also won't consider the $700 additional tax as part of ur decision making process 😅

That's why i said it's my mistake. For me the $700 also not important in the decision to get EV since i am getting much more power for same, if not lower, price so I already got back the additional $7,000 (for 10 years). More important to me is to have easy access to charging station.

maybe i should really sell one car since most of the time, both my cars are sitting at home.  I admit, it is quite wasteful. 🤔

Edited April 10 by Throttle2

[13177]

On 4/10/2025 at 3:23 PM, Throttle2 said:

maybe i should really sell one car since most of the time, both my cars are sitting at home.  I admit, it is quite wasteful. 🤔

If car is sitting at home most of time, should sell all. Lol.

[Throttle2]

On 4/10/2025 at 3:44 PM, 13177 said:

If car is sitting at home most of time, should sell all. Lol.

Its ok, i have money to burn , moreover i dont take loans for car…

[Ginyu]

On 4/10/2025 at 2:35 PM, Throttle2 said:

Nothing could be more incorrect i am afraid.  

Hoppe Singapore, more people lose their jobs and economy suffers. Then a good lesson can be learnt. 😎😎Singaporeans are way too complacent. 

These group of people indirectly  pushing up the prices because they willingly to borrow  more to get what they want, job security is least of their concern.

They look at affordability based on loan monthly repayments, 2-3k still manageable  therefore lelong high price also got takers because securing the loan is piece of cake as long got job.. Korean make at $300k  range also got people grab🤣

Edited April 10 by Ginyu

[Ginyu]

On 4/10/2025 at 3:50 PM, Throttle2 said:

Its ok, i have money to burn , moreover i dont take loans for car…

Song🤣

[kmttan]

On 4/10/2025 at 4:01 PM, Ginyu said:

These group of people indirectly  pushing up the prices because they willingly to borrow  more to get what they want, job security is least of their concern.

They look at affordability based on loan monthly repayments, 2-3k still manageable  therefore lelong high price also got takers because securing the loan is piece of cake as long got job.. Korean make at $300k  range also got people grab🤣

Even more hard truth is that, when people lose their job, they will likely rent a car and do PHV. This rental is more expensive than instalments, hard life but easy way out. The rental car companies will then go and bid for COEs, pushing up COE premium and rentals further. 

[Throttle2]

On 4/10/2025 at 4:10 PM, Ginyu said:

Song🤣

Actually, i have car loan, bike loan and a mortgage for my 1,000 sft mass market condo which i proudly bought for $2.2mil after selling my fully paid 1300sft 5 room flat for $900k. Now after 25yrs of paying for my HDB, i have successfully embarked on a new mortgage for the next 25yrs at $6k per month.

but i earn $11k per mth and my wife earns 7k per month so together we are affluent and living the Singapore dream. Condo , continental car, 5 digit salary and 7 Rolexes.  We go on a holiday every year and we still have about $300k in our CPF combined , not to mention the $35k of emergency funds sitting in SSBs.   Dont you just envy us?  The typical successful SingaPore family, yeah!   😁😅😀😄

[MajorAce]

On 4/10/2025 at 4:01 PM, Ginyu said:

These group of people indirectly  pushing up the prices because they willingly to borrow  more to get what they want, job security is least of their concern.

They look at affordability based on loan monthly repayments, 2-3k still manageable  therefore lelong high price also got takers because securing the loan is piece of cake as long got job.. Korean make at $300k  range also got people grab🤣

dont say korean 300k.

Those big a** japanese MPV whose width and length can occupy the whole parking lot box, costing half a million also got people buy.

[Kar_lover]

On 4/10/2025 at 4:41 PM, Throttle2 said:

Actually, i have car loan, bike loan and a mortgage for my 1,000 sft mass market condo which i proudly bought for $2.2mil after selling my fully paid 1300sft 5 room flat for $900k. Now after 25yrs of paying for my HDB, i have successfully embarked on a new mortgage for the next 25yrs at $6k per month.

but i earn $11k per mth and my wife earns 7k per month so together we are affluent and living the Singapore dream. Condo , continental car, 5 digit salary and 7 Rolexes.  We go on a holiday every year and we still have about $300k in our CPF combined , not to mention the $35k of emergency funds sitting in SSBs.   Dont you just envy us?  The typical successful SingaPore family, yeah!   😁😅😀😄

I hope u're being ironic otherwise we need to talk 😂

[Ginyu]

On 4/10/2025 at 4:41 PM, Throttle2 said:

Actually, i have car loan, bike loan and a mortgage for my 1,000 sft mass market condo which i proudly bought for $2.2mil after selling my fully paid 1300sft 5 room flat for $900k. Now after 25yrs of paying for my HDB, i have successfully embarked on a new mortgage for the next 25yrs at $6k per month.

but i earn $11k per mth and my wife earns 7k per month so together we are affluent and living the Singapore dream. Condo , continental car, 5 digit salary and 7 Rolexes.  We go on a holiday every year and we still have about $300k in our CPF combined , not to mention the $35k of emergency funds sitting in SSBs.   Dont you just envy us?  The typical successful SingaPore family, yeah!   😁😅😀😄

Let's see if it continues to remain strong when full blown recession kicks in🤣

Every now and then hear news about the possible slowdown, companies downsizing  and with existing huge liability at hand on a 25 year loan tenure can also affect mental health 

 

Edited April 11 by Ginyu

[Atachi]

Really many rich people. Cannot fight with them, waiting since early last year but never drop 😂

All big towkays not affected by markets. Was looking at Makan EV but backed out the road tax is crazy. Also cannot stomach the depre after 5years.

[Ct3833]

On 4/10/2025 at 2:45 PM, Beehive3783 said:

Well, I mean, silly people will continue buying cars until they lose their jobs for real. That's when people like you can pick up a nice bargain on SGCM  

I rather not to have that imagination, I have a lot of respect to those who can afford to buy car now and during the  high COE cycle. I also want to be like them but i cannot afford, that alone speaksvolume   about their spending power. mai sour grapes

Edited April 11 by Ct3833

[Beehive3783]

On 4/11/2025 at 10:33 AM, Ct3833 said:

I rather not to have that imagination, I have a lot of respect to those who can afford to buy car now and during the  high COE cycle. I also want to be like them but i cannot afford, that alone speaksvolume   about their spending power. mai sour grapes

There are many people swimming naked in the sea you know?  

Ok la call me sour grapes but I am proud of myself for being prudent. As if I can afford to change car now  

[Mkl22]

On 4/10/2025 at 7:28 AM, Kar_lover said:

If they really willing to forgo their 5 figure booking deposit then sure! But that too won't cause COE to crash....Cat A and B had total of 1,500 unsuccessful bids yesterday.  There is plenty of buffer to prop up the demand.... even during  global crisis/disaster like COVID COE didn't drop. In fact it continued to increase - Aug 2020 Cat A & B were $33k and $37k but by Dec they were $40.5k and $49.3k respectively (that's about 20% and 33% increase respectively). Trump's tariffs are an artificial situation caused by one man and one country. I would choose tariffs over covid anytime.

its too soon. the orders were collected from 2weeks ago. lets see the next bidding. for sure will drop. cause people are more cautious.

[Mkl22]

On 4/11/2025 at 10:33 AM, Ct3833 said:

I rather not to have that imagination, I have a lot of respect to those who can afford to buy car now and during the  high COE cycle. I also want to be like them but i cannot afford, that alone speaksvolume   about their spending power. mai sour grapes

many are YOLO. i also cannot afford to pay 110k for COE.

[Throttle2]

On 4/11/2025 at 8:28 AM, Kar_lover said:

I hope u're being ironic otherwise we need to talk 😂

Just sharing the life of typical “successful” Singapore family with 2 working adults and 2 schooling teenagers, all living in mass market condo beside an hdb after upgrading from hdb and driving entry level C180 or GLB180 or X1 or 218 having the ability to afford $6-7kpm mortgage and $1-2k car loan.  Powderful leh.  
 

talk about what ah?  Dont scare me leh

[Throttle2]

On 4/11/2025 at 10:55 AM, Mkl22 said:

its too soon. the orders were collected from 2weeks ago. lets see the next bidding. for sure will drop. cause people are more cautious.

Yes, Way too soon

its about jobs and income.  Wait at least 3 - 6 months

should international trade truly go south, and Singapore face with a big void, then its time to play.