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  1. Hi all, Just a general query that if one intend to renew coe, we cannot use self bid right through the open budding system. We need use the 3 bids average px determined by LTA? Thanks
  2. The details of the October 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 3 October 2016, 12 noon Tender closes: Wednesday, 5 October 2016, 4.00 pm Tender results: Wednesday, 5 October 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,413 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,064 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,350 Category D: Motorcycles => 387 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 176 Category E: Open Category => 436
  3. The details of the September 2016 second open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 19 September 2016, 12 noon Tender closes: Wednesday, 21 September 2016, 4.00 pm Tender results: Wednesday, 21 September 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,355 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,008 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,338 Category D: Motorcycles => 403 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 177 Category E: Open Category => 429
  4. The details of the September 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 5 September 2016, 12 noon Tender closes: Wednesday, 7 September 2016, 4.00 pm Tender results: Wednesday, 7 September 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,434 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,067 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,372 Category D: Motorcycles => 362 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 175 Category E: Open Category => 458
  5. From: July 2014 Monthly Analysis: MAS to revoke loan curb "Singapore's retail performance in April has been hit by yet another dive, down by nine percent compared to the same period a year ago. This is partly due to the dwindling sales performance posted by the motor vehicle segment, which plunged 36.1 percent from last year. Since the inception of loan curb rules imposed by the Monetary Authority of Singapore (MAS), sales of motor vehicles have been constantly declining. The loan curb has a profound and deep impact on car buyers - especially the middle to lower income group, due to the high amount of downpayment (up to 50 percent depending on the OMV of the car) required for any car purchase. This acts as a direct blow to the overall retail performance. And in many cases, such as during last November, retail sales would have grown if car sales were excluded. There is no doubt that the weakening figures have clouded the overall retail outlook. Compared to the previous loan curb, where the loan-to-value ratio was pegged at 70 percent, current rules state a maximum loan of 50 percent. Deputy Prime Minister Tharman Shanmugaratnam has reaffirmed that although the new loan rules are 'harsher' than before, the Government is well aware that there are people who really need a car, and hence, the loan curb will only be temporal. In addition, with an influx of COE supply expected in the following months, premiums may hit a new low. Recently, we have seen various implementations by the Government to iron out fluctuations in COE prices. As such, the authorities may end up loosening loan rules to drive up demand of new cars and stabilise the market. While the previous loan curb lasted from February 1995 to January 2003 - a total of eight years - there is a possibility the current one will not last as long. " The question is when will they withdraw this loan curb and is it total withdraw or partial? I would say of all the COEs policies/changes that came out lately, this is the killer and more deadly. I would prefer this loan curb to stay for certain level like 30% out front down-payment and max 7 year loan. If you can't even come out with the 30%, you jolly well save up the money and leave some for rainy days. What do the rest of the bro and sis here think?
  6. as requested by our dear mod [laugh] seriously, ride gonna expire in 4 months, options, 1) renew COE, but probably gonna spend 5-10k on changing quite afew things to last the additional 10yrs 2) spend extra 100-150k on a new ride which currently none i have taken fancy to, except the skoda kodiaq which is not available in sg yet 3) save the $$$ and buy a few lolec to post on watches thread, use RYDE app to activate @radx when required
  7. As above, which make and model you would buy with the 220k and why? Can be any reasons..
  8. The details of the August 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 1 August 2016, 12 noon Tender closes: Wednesday, 3 August 2016, 4.00 pm Tender results: Wednesday, 3 August 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,363 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,018 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,336 Category D: Motorcycles => 403 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 177 Category E: Open Category => 429
  9. The details of the August 2016 second open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 15 August 2016, 12 noon Tender closes: Wednesday, 17 August 2016, 4.00 pm Tender results: Wednesday, 17 August 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,365 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,034 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,336 Category D: Motorcycles => 365 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 180 Category E: Open Category => 450
  10. Bros, i would like to know how this renewal of COE(aka buy new COE) works 1) If say my current COE ending at 2011..then if i buy another COE, the new COE is up to (a)2019 or (b)2021? 2) if in the case of (a) then what will happen the remaining value of my current COE 3) How do i go about buying the new COE? Thanks
  11. The details of the July 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 4 July 2016, 12 noon Tender closes: Thursday, 7 July 2016, 4.00 pm Tender results: Thursday, 7 July 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,854 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,222 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,469 Category D: Motorcycles => 409 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 237 Category E: Open Category => 517
  12. Hi bros, I've been calculating but not sure which is the more economical option for me. Appreciate your thoughts and advise which is an overall more economical decision. I'm currently driving a 2008 Stream, COE expiring March 2018 with $15K loan left and OMV $20,486. Is it more economical to change car now or wait till COE expire? If I were to change now, I will likely go for 5+2 cars such as Wish & Touran. Putting aside COE fluctuations, let's assume COE remains at current level from now till 2018. 1) If I wait till COE expire (20 mths fm now) Outstanding loan : $15K Scrap Value at end of 10 Yrs : $10K Nett Cost if usage : $5K Annualised depreciation : ($15K-$10K)/20 * 12 = $3K 2) If I change car now Expected selling price of existing car : $27K (is this a reasonable assumption?) So I basically loose $17K for using this car for 20 months which works out to be $10,200 annually. so which is the more "correct way" of looking at the cost of ownership? The other thing is that assuming I use the next car for 10 years, Option 1 will allow me to drive the new car till 2028 option 2 will allow me to drive the new car till 2026 how do I consider that 2026 to 2028 difference for this decision?
  13. Enhanced historical data attached for quick reference. Healthy discussion encouraged. No flaming or name calling please. The details of the June 2016 second open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 20 June 2016, 12 noon Tender closes: Wednesday, 22 June 2016, 4.00 pm Tender results: Wednesday, 22 June 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,903 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,252 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,463 Category D: Motorcycles => 422 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 228 Category E: Open Category => 538
  14. Let me start the ball rolling. All input welcome. The details of the June 2016 first open bidding exercise for Certificates of Entitlement (COEs) are as follows: Tender opens: Monday, 6 June 2016, 12 noon Tender closes: Wednesday, 8 June 2016, 4.00 pm Tender results: Wednesday, 8 June 2016 (Available on the www.onemotoring.com.sg website) The total quota available for this tender is 4,859 for the following vehicle categories: NON-TRANSFERABLE CATEGORIES: Category A: Cars (up to 1600cc & 97kW (130bhp)) => 2,218 Category B: Cars (above 1600cc or 97kW (130bhp)) => 1,470 Category D: Motorcycles => 407 TRANSFERABLE CATEGORIES: Category C: Goods Vehicles and Buses => 228 Category E: Open Category => 536
  15. http://www.mas.gov.sg/News-and-Publications/Media-Releases/2016/MAS-Eases-Rules-on-Motor-Vehicle-Financing.aspx Open Market Value of motor vehicle Maximum LTV* Maximum loan tenure Less than or equal to $20,000 70% (previously 60%) 7 years (previously 5 years) More than $20,000 60% (previously 50%
  16. Does anyone know which day is the last day to buy May 2016 PQP? My car COE expires on 4 June and I plan to renew. But after today's results, it seems like Jun 2016 PQP will be higher.... Pls advise. Thanks
  17. The following is an illustration based on high level estimates: In 2014, new car registrations total 28,932. http://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/MVP02-2_New_Cars_by_make.pdf Proportion of luxurious car (my definition mercs, volvo, etc) vs bb cars (my definition toyota, subaru, honda etc) is 50:50. Just an estimate for illustration purpose. Basic new car price 100K Maximum 200K Average 150K Coe of an average car 70k Import taxes etc 40k Total coe and taxes 110k Estimated coe and taxes collected in 2014: 28,932 cars x $110,000 = $3,182,520,000 That's $3.2 billion and the amount excludes commercial vehicles and taxis.
  18. I need some help with some clarification. I've purchased a used Proton Gen 2 1.3M with the COE due on 1 August 2016 for $5500 OMV: $9,221 Original registration date: 1st August 2006 Actual ARF Paid: $10,144. Parf eligibility expiry date: 31 July 2016 Parf rebate amount: $5072 QP paid: $10,803 I need to ask if I were to de register and scrap/export my car on 22 July 2016, will that means I'm able to get back $5072 from the Parf rebate when encash? Will I need to pay LTA approved dealer for the processed of scrapping or exporting my car? And also do depreciation value take parts in the amount I can actually get back from LTA. Cause the seller wrote to me this. Buy: $5500 Min Parf: $5072 Diff: $430/3 months Depreciation lesser than $144/per month. This sounds too good to be true. Owning a car at $144 per month. Please help I need to know the actual cash that I can get back after scrapping/export my car after I de register it. I'm still new to all these. Hope for enlightenment.
  19. Anybody came across a car without COE meaning the driver has been driving the car since before COE is implemented? These cars can be on the roads forever without COE?
  20. Can he just keep it to himself .......... :angry: yahoo news: Increase petrol taxes to ease COE prices of smaller cars: economist Singapore’s government could do more to help the environment through the Budget by increasing petrol taxes and raising the certificate of entitlement (COE) quota on smaller cars, an economist from Nanyang Technological University said on Monday. Speaking at a forum organised by the Economic Society of Singapore on Budget 2014, Ng Yew Kwang, professor of economics at Nanyang Technological University (NTU), said that raising petrol taxes would encourage motorists to take trips only when necessary. It would also relieve the pressure on rising COE prices, especially those for Category A vehicles, cars 1600cc and below and engine power not exceeding 97 kilowatts. He said that the government should increase the quota for the smaller vehicles to allow their COE prices to become more affordable, as these have already come close those of the bigger cars in category B. Increasing petrol taxes would offset the revenue impact from a decline in smaller cars' COE prices, he noted. The economics professor also suggested that the government increase taxes on luxurious cars and move to boost the number of taxis on the road. It had been expected by many analysts that Budget 2014, which was unveiled by Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam last Friday, would raise taxes on the rich. Instead, higher duties on cigarettes, alcohol and lottery betting were announced. Ng said he wanted to see more things in the Budget that would address environmental issues. He criticised the electricity rebates announced by Tharman as being “environmentally unfriendly” as they would encourage people to consume more electricity. Tharman said that 800,000 households in HDB flats would receive one-off vouchers to offset utility bills. Ng said providing a lump sum that households could choose to spend however they wished would have been a better alternative. link: http://sg.finance.yahoo.com/news/increase-petrol-taxes-to-ease-coe-prices-of-smaller-cars--economist-123004170.html Increase petrol taxes to ease COE but what happen to those already on the road, burnt a bigger hole in our pockets ..... Our petrol is already not cheap per liter ...
  21. why the hell is used car still so expensive ?
  22. Let's cut to the chase: COE is a tax. So is the customs duty, etc. Stamp duty for property is also tax. So is ABSD. But COE & customs duty can take loan over 5 yrs to pay. But property-related taxes cannot be included in loan. Income tax oso cannot take loan to pay. Property loan subjected to TDSR. But car loan close one eye (sometimes even 2 eyes as some dealer ads shout "no need payslip"). Buy new 'gahmen-issued & controlled' HDB BTO, property agent cannot "package" a price for you or force u to take a loan & insurance from a certain bank in order to buy a BTO flat. But ADs selling u 'gahmen-issued & controlled' COE can "package" any price they want under your name as they like + without you knowing how much they are paying to derive at the selling price? Uniquely S'pore or simply double, triple standards being practiced by the respective authorities?
  23. I thought it would be good to compile a list of to do before purchase Sort of a sharing and paying back to the forum Those that have additional infor, feel free to add 1. Check out how much you can loan. Yes, there are times when you "feel" you can meet the monthly payment, but then , the bank thinks otherwise. Lets not debate in dubious ways like overstating sales agreement and "football" payment. Yu may also want to check out the citiloan assist and there are good rates to be gotten for new cars. just be aware there will be some work on your part to be done so a good sales person is required. You are ideally cutting out the sales person comm of 800 to 1000 dollars on average. If like most, you have a condo loan or a condo is on the horizon, BUY condo FIRST as that will also hit your loan for the Condo. 2. check out which credit card is having a promotion for that month. a 10000 to 20000 down payment by card can gain you a lot of rebate / cashback. 3. Forecasting COE is as good as buying 2 coconut to point to the sky to contact your MP for tips on COE increase or not. Be aware that the 6 bids and top up only helps to lock you in on the down payment . Your choice of cars that you could have gotten IF it rise can be quite disappointing. imagine you book a 1.5L car and because of the top up, you would have being buying a 1.6L car as compare to the car at that point in time where you put ink to paper. 4. New car launches as they say early bird gets the worm. Can be as good at 6 K off. Cars that are in stock in that configuration would get you better discount. BUT note that lime green and orange coulors will be sticking with you way long after many CNY is over. So have to take the color that you like. But that's me. 5. Event cars maybe cheap, but its also DUMB specs. The savings may negate the fact that when selling, you are also getting lower resale. WHY ? 2nd hand car dealers has a list of specs that they note down. so things like a normal car sold with all the bells and whistle vs a dump down version will very quickly be identified by the second hand car dealers. Bi xenon head lights and LED are one example and IF its a second owner car, its even worst. So be careful not to be happy to have a 4K discount and getting short change in the end. As the saying goes, the devil is in the details. 6. Getting a pre own may not be so bad. Do note that the 6 - 9 months old car is normally 30 - 45 K different . You not buying a car from NTUC. So bargain away. Do check the TnC. 7. Check out the various insurance as that is also a big unknown. It varies and if you can ask on your own, the savings are as large as 300 to 400. Do note that the Sales will not be happy, so you have to check with the sales on what is the final price without loan and insurance. As the loan interest rate can varies do not be mistaken that its 1% different only. Car loan interest is very different from how other loans are calculated. ITS a lot of MONEY. Those that think otherwise can try out the apps on the SGCARMART to have a taste of the delta of 1% for 50K loan for 5 years. If its easy peasy lemon queezy, then good for you. 8. Do check when the YOM is. we are in 2015. If you still getting 2014 or earlier, there are insurance implication when it comes to fair market value. Do also check when you will be registering the car. If you register in dec 31 vs 2 Jan, your resale value can be as different as 4k to 6 K when its time to sell. ************ This is not exhaustive and as money is involved, those that buy do note of the risk that you take base on my insights
  24. As above. I don't usually travel around this period of time. But when I did yesterday, it was very crowded for the time stipulated on CTE. At the back of my head was wondering...... "who are really these ppl driving on the road at this hour? Aren't they suppose to be at work?" I personally took off yesterday to attend to some personal matters. So how about the rest? Outdoor sales, delivery, construction trucks, taxis, insurance agents, tai tai heading for tea-break?? Or everybody just like me took off on the same day to do some personal errands?
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