Redeel Neutral Newbie September 29, 2004 Share September 29, 2004 Usually sold at a discount when the management decides to change one... eddie ↡ Advertisement Link to post Share on other sites More sharing options...
Redeel Neutral Newbie September 29, 2004 Share September 29, 2004 Lots of people in this trade speculate that it will not go below 20k. I think so too... Just imagine how much less the government earns when COE drops that much. More likely they make cars cheaper by lowering the ARF, and then increase usage costs (e.g. ERP). eddie Link to post Share on other sites More sharing options...
Hoppe Clutched September 29, 2004 Share September 29, 2004 the govt has no system one lah. COE is there for a show only. They will lower the COE for all they care if the TOTAL NO. of cars can earn them more than now. More cars can even earn them more ERP charges too. As such, I won't be surprise if the COE goes below 20K. Having "too many" cars on the road will give LTA more room to play for earning more. Link to post Share on other sites More sharing options...
Redeel Neutral Newbie September 29, 2004 Share September 29, 2004 That's why i say, they aim to make cars more affordable... Then increase usage costs when the numbers are enough... eddie Link to post Share on other sites More sharing options...
Dwoon 1st Gear September 29, 2004 Share September 29, 2004 If COE goes below $20K to say low teens, I wonder if there'll be a snowball effect such that even more cars gets de-registered as people would wanna use the opportunity change cars, even if their current one is less than 2 years old. Then govt will say that no of cars de-registered is more than what is issued. The vicous cycle continues till below $10K COE??? Link to post Share on other sites More sharing options...
Redeel Neutral Newbie September 29, 2004 Share September 29, 2004 It won't happen. Anyway, these people who want to change car need to check their outstanding balance with the finance company first. Most cases need to top up just to sell the current car away. eddie Link to post Share on other sites More sharing options...
Streetman Neutral Newbie September 29, 2004 Share September 29, 2004 Ever calculate how much gov make from issuing pieces of coe papers and arf of new cars per month.......me give up after seeing the zeroes in my calculator Link to post Share on other sites More sharing options...
Seaweed 1st Gear September 29, 2004 Share September 29, 2004 good analogy Link to post Share on other sites More sharing options...
Seaweed 1st Gear September 29, 2004 Share September 29, 2004 good analogy Link to post Share on other sites More sharing options...
Carnut Clutched September 29, 2004 Author Share September 29, 2004 Perhaps after all the buying frenzy with limitless supply of COE, then its pay-back time! Not only up ERP but the start of "Evening ERP" because too many cars on the road! Parking charges up, road tax up, fuel up, up up up...... Link to post Share on other sites More sharing options...
Vooth 2nd Gear September 29, 2004 Share September 29, 2004 Yup agreed and nowadays with so many cashback rebates, new car buyers are effectively tied down for at least 3 yrs or else they gotta cough back the rebates... Link to post Share on other sites More sharing options...
Duadua2 Neutral Newbie October 1, 2004 Share October 1, 2004 Usually sold at a discount when the management decides to change one... eddie can i know from ur experience by how much is the discount?50%? Link to post Share on other sites More sharing options...
Redeel Neutral Newbie October 1, 2004 Share October 1, 2004 Huh? 50%? I die die also must buy all of them!!! It's only between $2k to $5k discount leh... eddie Link to post Share on other sites More sharing options...
Hitman Neutral Newbie October 1, 2004 Share October 1, 2004 they usually have discounted prices for these testdrive cars.... it is done for almost all makes.... even BMW..... just wondering who so cheapo to buy one......think about it, even if you buy 2nd, 3rd, 4th hand cars, they are still less abused than the testdrive car whacked by thousands of testdrive customers!!!! I know i am gonna get flamed for this but the best analogy i can think of: 1) marrying a divorcee 2) marrying a prostitute (no offence to those in this profession) So is it right to say ... its like this 2nd hand car = marrying a divorcee Test Drive Car = marrying a prostitute ... funny manz you Link to post Share on other sites More sharing options...
Duadua2 Neutral Newbie October 1, 2004 Share October 1, 2004 wah....like that not worth it....like marrying a prost Link to post Share on other sites More sharing options...
Chermin Neutral Newbie October 1, 2004 Share October 1, 2004 ure damn right, 52% owns car < 3yrs....most r stuck w their car, not being able to sell as most wld hv to cough out substantial cash....this is the current phenomenon,,, in a way, most whom hv n want to purchase a new car have already done so...demand is going to be weaken...... i suggest those whom r thinkg of buying... to bid COE at ur own leisure...10K+ .... ur bids may be hit !! current car market is analogus to US housing market .... Link to post Share on other sites More sharing options...
Mtoh Neutral Newbie October 1, 2004 Share October 1, 2004 every month income from COE avg 24k (ppcs) x 6k pcs (CAT A,B,E) = 144 million per month so per yr is 144 M x 12 = 1.728 Billion nia .... so i figure since 1990 till now, modestly estimated figure is around - 25 ~ 30 Billion. taking into consideration the gd old 1995 days when a COE is over 100k ! Link to post Share on other sites More sharing options...
Blurcock Neutral Newbie October 4, 2004 Share October 4, 2004 i already know that, ever wondered where did all those billions went to? road restoration works? nabei lah....the road in singapore sucks. ↡ Advertisement Link to post Share on other sites More sharing options...
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