Patricklyb Clutched July 21, 2011 Author Share July 21, 2011 36k for a new WRX? GOOD LA...........but the fc also damn good la! ↡ Advertisement Link to post Share on other sites More sharing options...
SimonTan 2nd Gear July 21, 2011 Share July 21, 2011 After saying that, I think i will have to keep my Jazz for a long time. The current high COE is too much for me to afford a new car. Link to post Share on other sites More sharing options...
Patricklyb Clutched July 21, 2011 Author Share July 21, 2011 After saying that, I think i will have to keep my Jazz for a long time. The current high COE is too much for me to afford a new car. with this kind of COE price...........think alot will hav to use their existing ride abit longer! Link to post Share on other sites More sharing options...
Roh96 6th Gear July 21, 2011 Share July 21, 2011 Wah i missed the excitement yesterday. COE gone up again! 72K for a piece of paper? Crazy and madness! Link to post Share on other sites More sharing options...
A5SB 1st Gear July 21, 2011 Share July 21, 2011 Wah i missed the excitement yesterday. COE gone up again! 72K for a piece of paper? Crazy and madness! There's no paper, it's probably a checkbox in LTA's system so you can register the new car. Link to post Share on other sites More sharing options...
Proton_neutron 1st Gear July 21, 2011 Share July 21, 2011 Wah i missed the excitement yesterday. COE gone up again! 72K for a piece of paper? Crazy and madness! Not exactly leah. This is just a reaction for next month onwards quota cut for CAT B COE. Then this year's allowable vehicular growth of 1.5% will be reviewed at the end of the year. Next year will be worse =( Link to post Share on other sites More sharing options...
Patricklyb Clutched July 21, 2011 Author Share July 21, 2011 There's no paper, it's probably a checkbox in LTA's system so you can register the new car. helping the economic of sinkapo! Link to post Share on other sites More sharing options...
Newkid 2nd Gear July 21, 2011 Share July 21, 2011 Not exactly leah. This is just a reaction for next month onwards quota cut for CAT B COE. Then this year's allowable vehicular growth of 1.5% will be reviewed at the end of the year. Next year will be worse =( ha ha, what a choic of word the garmet used. "review". actually means reduction in disguise. In the current situation, no news is good news for COE. standby for more UPheavals. Link to post Share on other sites More sharing options...
Mona-vie 1st Gear July 21, 2011 Share July 21, 2011 Wah i missed the excitement yesterday. COE gone up again! 72K for a piece of paper? Crazy and madness! Still waiting for it to hit 200K. This will definitely reduce the number of cars on the road. Link to post Share on other sites More sharing options...
13177 Supersonic July 21, 2011 Share July 21, 2011 Still waiting for it to hit 200K. This will definitely reduce the number of cars on the road. Have the COE hit that high in the history of COE in sg? I know COE once hit around 100K in the 90s. Link to post Share on other sites More sharing options...
Wt_know Supersonic July 21, 2011 Share July 21, 2011 (edited) in the 90s, pay $100k coe with almost zero jam and no erp. now $100K + ERP + JAM so, it's progression or regression? Have the COE hit that high in the history of COE in sg? I know COE once hit around 100K in the 90s. Edited July 21, 2011 by Wt_know Link to post Share on other sites More sharing options...
Newkid 2nd Gear July 21, 2011 Share July 21, 2011 from 2006 to 2011 and beyond, the scenario is call Feast then Famine. When are we eating again??? Link to post Share on other sites More sharing options...
Patricklyb Clutched July 21, 2011 Author Share July 21, 2011 Still waiting for it to hit 200K. This will definitely reduce the number of cars on the road. u wait longlong! Link to post Share on other sites More sharing options...
Sabian Turbocharged July 21, 2011 Share July 21, 2011 and be ready to bring back the 30% min DP for cars (in case the COE market crashes) and people rush to buy suddenly-cheap cars with a 100% loan. Why the fixation if COE price crashes? You will still get the same number of cars on the road? It's not as if in the last 6 years if downpayment was 50%, there would be lesser cars on the road. You will still have the same number of cars on the road because the COE released at any point in time was pre-determined at least 6 months ago. Pls don't be offended, I am just trying to get the picture. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear July 21, 2011 Share July 21, 2011 the problem is not the loan. by setting 50% or even 80% DP will be useless. if the COE quota is 500 cars, trust me all 500 will be gone. its not the money. its the quota Link to post Share on other sites More sharing options...
SimonTan 2nd Gear July 21, 2011 Share July 21, 2011 I blame it on the half fark ERP system. It should be installed more island wide. And it should be $5 per gantry or more if the jam is serious. Link to post Share on other sites More sharing options...
1fast1 Supersonic July 21, 2011 Share July 21, 2011 (edited) Why the fixation if COE price crashes? You will still get the same number of cars on the road? It's not as if in the last 6 years if downpayment was 50%, there would be lesser cars on the road. You will still have the same number of cars on the road because the COE released at any point in time was pre-determined at least 6 months ago. Pls don't be offended, I am just trying to get the picture. True, but actually my concern when I wrote this was for the financial prudence of car buyers. Even with a "cheap" COE, cars are very expensive here, and those who '"have" to take 100% loans may not be very financially sound to begin with. I just think something should be done to protect these guys from themselves, just like the casino laws here. But, really, the only thing that will really solve the root cause of the congestion problem is a proper usage based tax. Edited July 21, 2011 by Turboflat4 Link to post Share on other sites More sharing options...
Sabian Turbocharged July 21, 2011 Share July 21, 2011 Ok. I did guess you were coming from the financial prudence pov. I agree that lower than 30% DP is financially irresponsible policy setting. I remember your post (of the year for me), matching actual fees to usage is the way to go. ↡ Advertisement Link to post Share on other sites More sharing options...
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