Vit4wd 1st Gear June 5, 2007 Share June 5, 2007 A Kia Picanto 1.1M is now selling at $43,499, when Cat A COE is $17,000 (5 June 2007). In July 2004, when Cat A COE was at $28K, the very same car was selling for $48,900. You do your sums and tell me if cars now are indeed expensive? ... and with more ERP gantries coming up too. ↡ Advertisement Link to post Share on other sites More sharing options...
Meecar Clutched June 5, 2007 Share June 5, 2007 i started a thread on cars are expensive but many here don't think so. So I am sad to say that these are the people who are will to pay and pay I give up Link to post Share on other sites More sharing options...
Sky8807 1st Gear June 5, 2007 Share June 5, 2007 (edited) Agree. Dealers are sharpening their knives again. B4 GST goes up, they alreadi up the price Edited June 5, 2007 by Sky8807 Link to post Share on other sites More sharing options...
Bimmer12 Neutral Newbie June 5, 2007 Share June 5, 2007 Yeah. Even a chery QQ is above 30k.. Not worth rather buy a good car buy paying 10k more. Gahmen enjoy high pay as we enjoy paying them. Link to post Share on other sites More sharing options...
Hummer 3rd Gear June 5, 2007 Share June 5, 2007 I was talking with a friend of mine during ICT today. He happens to be an SE at MI and he said sales are very slow now and he was happy that he was at this ICT. I guess the high prices are keeping buyers away. Think the COE bidding tomorrow should drop liao. Link to post Share on other sites More sharing options...
Vit4wd 1st Gear June 5, 2007 Author Share June 5, 2007 If the top 5 big players, Borneo Mtrs (Toyota), Tan Chong Mtrs (Nissan), Komoco (Hyundai), Kah Mtrs (Honda) and C&C (Mitsubishi & KIA) still has back log orders, don't expect COE prices to drop. Link to post Share on other sites More sharing options...
Vios73 1st Gear June 5, 2007 Share June 5, 2007 Way too expensive to buy now....wait till share market crash and COE will go southwards. Then rush in and buy better.....now must hold the urge unless you need a car urgently..... Link to post Share on other sites More sharing options...
Landex Clutched June 5, 2007 Share June 5, 2007 hence the morale of the story is still.... DUN buy any brand new cars!!! Link to post Share on other sites More sharing options...
Vit4wd 1st Gear June 5, 2007 Author Share June 5, 2007 If the buying stops, prices will drop. Link to post Share on other sites More sharing options...
Boxster 2nd Gear June 5, 2007 Share June 5, 2007 Way too expensive to buy now....wait till share market crash and COE will go southwards. Then rush in and buy better.....now must hold the urge unless you need a car urgently..... Maybe stock market crash I will buy shares Link to post Share on other sites More sharing options...
Weixiang_06 Clutched June 5, 2007 Share June 5, 2007 A Kia Picanto 1.1M is now selling at $43,499, when Cat A COE is $17,000 (5 June 2007). In July 2004, when Cat A COE was at $28K, the very same car was selling for $48,900. You do your sums and tell me if cars now are indeed expensive? ... and with more ERP gantries coming up too. no lah.. ur previous hipporolla in the late 90s cost $100+k... and dun forget the cost of inflation, its relatively cheap these days... dun need to complain Link to post Share on other sites More sharing options...
Jman888 Moderator June 5, 2007 Share June 5, 2007 i started a thread on cars are expensive but many here don't think so. So I am sad to say that these are the people who are will to pay and pay I give up a car used to cost twice of a person annual salary but it cost less than their annual salary (those sub $50k car), i am sure you have been through the 'crazy' coe period where that can get you a car today! don't forget you are in a car forum Link to post Share on other sites More sharing options...
Vit4wd 1st Gear June 5, 2007 Author Share June 5, 2007 But don't forget that petrol is much more expensive now, so are HDB season parking charges, office parking charges, coupon parking charges, interest rates & more ERP gantries too. My friend who lives in Ang Mo Kio and workes in Shenton Way spends over $10 a day on ERP charges. He also has top pay ERP charges when he returns home in the evening. So you buy a car cheap but you end up spending the same as last time when you paid a high price for your car, 'cos of the above mentioned charges. Cars are no doubt affordable to own but not necessarily affordable to run and maintain. I know of many people who leave their cars in their HDB car park on weekdays and using it only at nite and weekends. Link to post Share on other sites More sharing options...
Sony 1st Gear June 5, 2007 Share June 5, 2007 Do we have to pay COE for rickshaw? Link to post Share on other sites More sharing options...
Hiphiphoray 6th Gear June 5, 2007 Share June 5, 2007 My friend bot his Lancer in 2003 @ 75k. My collegue lagi best, bot his coffin-box shape "duno what generation" toyota corona @ 100k, back in the 1990's. Do u think the current car prices will rise to that level ? What abt the COE @ 100k ? Link to post Share on other sites More sharing options...
Jman888 Moderator June 5, 2007 Share June 5, 2007 you have a choice my friend drove a used $90k car 15 years ago and he only making $2.5k a month. If you get a car for $30k lesser, how long can that last you on ERP and petrol? Today with his wife and his income slightly better, they own 2 cars Link to post Share on other sites More sharing options...
Jman888 Moderator June 5, 2007 Share June 5, 2007 maybe lesser cos they only travel within town Link to post Share on other sites More sharing options...
Sony 1st Gear June 5, 2007 Share June 5, 2007 and no CC to tax them somemore.. This should addresses the concern of TS. ↡ Advertisement Link to post Share on other sites More sharing options...
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