Battledome64 2nd Gear July 7, 2018 Share July 7, 2018 Is it a free market or cornered market? Isn’t it good for a consumer to pay cheaper car prices? Why would it raise concerns? See news article ↡ Advertisement 1 3 Link to post Share on other sites More sharing options...
kdash Supersonic July 7, 2018 Share July 7, 2018 eh where is the news article 2 Link to post Share on other sites More sharing options...
Tohto Hypersonic July 7, 2018 Share July 7, 2018 Is it a free market or cornered market? Isn’t it good for a consumer to pay cheaper car prices? Why would it raise concerns? See news article At least put the link lah. No head no tail. 2 Link to post Share on other sites More sharing options...
DACH Supersonic July 7, 2018 Share July 7, 2018 It's never a free market here as there are too many government intervention. 4 Link to post Share on other sites More sharing options...
Camrysfa Turbocharged July 7, 2018 Share July 7, 2018 Is it a free market or cornered market? Isn’t it good for a consumer to pay cheaper car prices? Why would it raise concerns? See news article https://www.channelnewsasia.com/news/singapore/car-dealers-discounts-coe-vehicle-emissions-ves-10504828 SINGAPORE: With some buyers showing concern over the full implementation of the Vehicle Emissions Scheme (VES), dealers are throwing together attractive packages to entice them back into the showrooms this weekend. The VES, which was fully implemented on Sunday (Jul 1), was a factor behind the steep decline in COE premiums, experts said. "Before the VES kicked in, some buyers could have felt that certain cars were affordable," said transport researcher Professor Lee Der-Horng. "Different buyers target different price ranges. So when the vehicle you'd like to buy is being affected, certain groups of buyers will be affected and this might be a reason for the drop in COE premiums. ............."In a few months time, people would have gotten used to the VES," said Mr Raymond Tang, managing director of Yong Lee Seng Motor. "If you need to use a car, you will still get a car. Since VES is there and implemented, it will be there to stay." Indeed, for most buyers, the deal breaker would be COE premiums and not the VES surcharge."The VES situation does not affect my decision on whether to buy a car or not," said Mr Jeremy Lim, who is considering buying a new car instead of a secondhand one because of the drop in COE premiums. "It is not a game changer." 1 Link to post Share on other sites More sharing options...
Hamburger Hypersonic July 7, 2018 Share July 7, 2018 Free market? Garment gives the cartel the nod to screw consumers and minimize the incentives to go electric. My foot lah to free market.... 4 1 Link to post Share on other sites More sharing options...
DACH Supersonic July 7, 2018 Share July 7, 2018 https://www.channelnewsasia.com/news/singapore/car-dealers-discounts-coe-vehicle-emissions-ves-10504828 SINGAPORE: With some buyers showing concern over the full implementation of the Vehicle Emissions Scheme (VES), dealers are throwing together attractive packages to entice them back into the showrooms this weekend. The VES, which was fully implemented on Sunday (Jul 1), was a factor behind the steep decline in COE premiums, experts said. "Before the VES kicked in, some buyers could have felt that certain cars were affordable," said transport researcher Professor Lee Der-Horng. "Different buyers target different price ranges. So when the vehicle you'd like to buy is being affected, certain groups of buyers will be affected and this might be a reason for the drop in COE premiums. ............."In a few months time, people would have gotten used to the VES," said Mr Raymond Tang, managing director of Yong Lee Seng Motor. "If you need to use a car, you will still get a car. Since VES is there and implemented, it will be there to stay." Indeed, for most buyers, the deal breaker would be COE premiums and not the VES surcharge."The VES situation does not affect my decision on whether to buy a car or not," said Mr Jeremy Lim, who is considering buying a new car instead of a secondhand one because of the drop in COE premiums. "It is not a game changer." VES is just an additional tax. To many car buyers, they don't know what is this VES component. They only look at COE prices. COE dive, they want to buy. COE up, they wait. Some people asked me why car prices don't decrease by a lot since COE prices decreased for about 20k since last year, I explained to them about the VES component. Many are unaware of it, as an additional tax that adds to the cost of the car, nothing to do with COE. Link to post Share on other sites More sharing options...
Tohto Hypersonic July 7, 2018 Share July 7, 2018 Free market? Garment gives the cartel the nod to screw consumers and minimize the incentives to go electric. My foot lah to free market.... Yah. Even China are pushing for full electric car. Here, BYD Grab car using a RD number plate. Electric car already mature lah, why RD plate. 1 Link to post Share on other sites More sharing options...
Lotr 6th Gear July 7, 2018 Share July 7, 2018 give discounts first and slowly raise the price ... dealers also learn from garment. Link to post Share on other sites More sharing options...
Macrosszero Turbocharged July 7, 2018 Share July 7, 2018 Its like the petrol excise duty implemented just when falling crude prices seemed to offer drivers a respite from high pump prices. COE is at a 8 year low but VES is a variable that affects the overall affordability of a new car. Channel News Asia's headline was : Car dealers dangle discounts to attract buyers after emissions scheme raised concerns Your topic title was: Why does Dealers dangling discounts raises concerns TS, you have totally twisted the topic - it is not about dealers dangling discounts that is concerning, it is buyers being concerned about VES tax's impact on car prices. 2 Link to post Share on other sites More sharing options...
Evillusion Supersonic July 7, 2018 Share July 7, 2018 Cheap or expensive.....Singaporean will still buy cars what? If i dealer i will also cut carrot heads..... 1 Link to post Share on other sites More sharing options...
Heartbreakid 6th Gear July 7, 2018 Share July 7, 2018 In short, buying a car here is basically a scam. 1 Link to post Share on other sites More sharing options...
Toe_toe7 1st Gear July 7, 2018 Share July 7, 2018 IMHO, I don't remember seeing car price drops according to COE drops although the other way of going up is more likely. No matter there is VES or not. Dealers will always try to maximize their profits as a business. 2 Link to post Share on other sites More sharing options...
Hamburger Hypersonic July 7, 2018 Share July 7, 2018 Free market? Garment gives the cartel the nod to screw consumers and minimize the incentives to go electric. My foot lah to free market.... Anonymous : 5 Dislikes for Why does Dealers dangling discounts raises concerns Comment: Electric spew CO2 at the power stations. LPPL lah.<br />Where got good?Report The gist of my post is not whether electric or non electric powered vehicle but garments effort in allowing consumers to be slap left right centre. Its okay if you cannnot comprehend. There is reason why one would stay anonymous to criticize. 5 2 Link to post Share on other sites More sharing options...
inlinesix Supersonic July 7, 2018 Share July 7, 2018 Free market? Garment gives the cartel the nod to screw consumers and minimize the incentives to go electric. My foot lah to free market.... Currently, i3, Ioniq EV and Zio enjoys max rebate of 20k. Link to post Share on other sites More sharing options...
Hamburger Hypersonic July 7, 2018 Share July 7, 2018 Currently, i3, Ioniq EV and Zio enjoys max rebate of 20k. but somehow the buying price is still exorbitant. Need to google what a Zio is but i do drool at my neighbour's car when being charged. No more petrol kiosk!!!!!!!! Link to post Share on other sites More sharing options...
inlinesix Supersonic July 7, 2018 Share July 7, 2018 but somehow the buying price is still exorbitant. Need to google what a Zio is but i do drool at my neighbour's car when being charged. No more petrol kiosk!!!!!!!! EV is expensive everywhere in the world. You should get yourself updated on EV as more and more EV from major players will be launched. Currently, Altis cost $103k. Renault Zio cost 139k. Full charge of Zio will cost about $10 for 350km. How far can Altis travel on $10 of petrol? Not forgetting that driver can set very aggressive Re-generative brake that will further extend EV range in the city. Link to post Share on other sites More sharing options...
Zze121 3rd Gear July 7, 2018 Share July 7, 2018 The $9k COE drop goes to VES surcharge, glitch? Game changer? The surcharge is worst than the premium you paid for in a new car, it also don't add on to the paper value. One may think this extra on surcharge may add on to future resale value, probably is no. ↡ Advertisement Link to post Share on other sites More sharing options...
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