COE prices new time low!
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COEs fall to new lows
CHRISTMAS has come early for car buyers, with certificate of entitlement prices falling to new lows.
Results of the final tender of the year released by the Land Transport Authority yesterday showed premiums at their lowest this year.
The COE for cars above 1,600cc was the least expensive, having fallen by nearly $2,600, to $18,708.
Premium for certificates used for smaller cars (up to 1,600cc) ended at $20,117 - over $2,000 lower than the previous price at a tender a fortnight ago.
The new premium for Open category COEs is $21,298, some $1,500 off its previous price.
The last time car COEs were this low was in 1992.
Motor traders have begun cutting prices in response. Nissan distributor Tan Chong International was among the first off the mark, reducing its car prices by $3,000. Borneo Motors, distributor of main rival Toyota, has cut prices by $2,000.
Businesses have reason to be happy too. The COE for commercial vehicles also fell to a new low of $4,301, $550 lower than previously. Prices of Toyota trucks and vans, the bestsellers here, were shaved by $1,000 yesterday.
Motorcyclists will pay $601 for their certificate, down from $663 the last round.
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If no one bids, it will fall further
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since COE so Low,
Brothers and Sisters, please buy a car from me!!!
hehe!!
cheers!!!
Merry X,mas to all of u!!!! -
that's what u thinkOriginally posted by sbst275:If no one bids, it will fall further
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So how much for a Evolution 8.5 MR?
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As low as $1... But I dun think ppl are so stupid to collect $1Originally posted by Poopie-Head:that's what u think -
hai so low.... but my dad still dun wan to buy car for me....
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You should consider buying with YOUR own hard earned money, not your dad's!!Originally posted by Steph84:hai so low.... but my dad still dun wan to buy car for me.... -
Low is one thing mah... maybe the company never drop the price.. this time they can make more money... ....
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if $1, i ma shiong but bike.Originally posted by sbst275:As low as $1... But I dun think ppl are so stupid to collect $1 -
evo selling for 160k.
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Hi all
posted this sometime last week....
any opinions??
Cheers -
WELL SAID~~!!Originally posted by DarthVdr:You should consider buying with YOUR own hard earned money, not your dad's!! -
Hi Frens!!!
Posted this last week, but nobody gave opinions.....
Some months back, the papers reported that the LTA is gonna release more COEs from 3rd quarter of 2004... this is supposed to last till 1st or 2nd quarter 2005..
Which means a good guess will be March 2005..
Does it mean that we shld go in and buy before mar 2005??
On the other hand, will the government consider and lower upfront car taxes in the year 2005??
If so, what will the impact be like to COE and / or car prices??
Pls share yur views anyone!
Cheers! -
I think it all depends on the number of cars being deregistered as well as the number of new cars being registered. Once the ideal balance between the two is achieved, we can expect the cost of COEs to surge again.Originally posted by hei_lancer:Hi Frens!!!
Posted this last week, but nobody gave opinions.....
Some months back, the papers reported that the LTA is gonna release more COEs from 3rd quarter of 2004... this is supposed to last till 1st or 2nd quarter 2005..
Which means a good guess will be March 2005..
Does it mean that we shld go in and buy before mar 2005??
On the other hand, will the government consider and lower upfront car taxes in the year 2005??
If so, what will the impact be like to COE and / or car prices??
Pls share yur views anyone!
Cheers!
However, I am wary of the urge to rush to get a new car now because I read somewhere that the government might be making it more affordable to buy a car but more expensive to maintain a car (i.e. increased road tax pricing, increased insurance premiums). Thus, do think and plan carefully before you sign up for a car loan especially when the cost of petrol is still hovering at a relatively very high price.