Finally... COE crash below 10k
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Any thoughts?
I think the next round will go up a bit again, then fall after February... -
lowest since centuries ago
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Came earlier than I thought. Now the sub 10K psychological level is breached for Cat B, I believe Cat A will follow very soon... Xmas present for 1st time buyers...
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Wonder if car prices will stay this way til next year...
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macham fashion trend. now going retro to the time when COE juz started. matter of time b4 they hit sky high prices like 99/00 period.
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This weekend the showrooms are going to be flooded man.
Hee hee... wondering if WRX is going to fall to less than $80k.
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if fall below 80k u buy one?Originally posted by sunboy77:This weekend the showrooms are going to be flooded man.
Hee hee... wondering if WRX is going to fall to less than $80k. 
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what are the classes?
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Originally posted by kmkm:
You got it right pal.. 1st time buyers benifit.. the rest of the car owners(me included).. their "ASSET" juz depericiated again!
Came earlier than I thought. Now the sub 10K psychological level is breached for Cat B, I believe Cat A will follow very soon... Xmas present for [b]1st time buyers... [/b] -
The funny thing about COE is that if everybody bids a dollar, it will be just that... because of our kia su mentality... we cause ourselves undue grief and extra expense...
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You consider a car an asset? Really? All you do on cars is loose money. Unless you are prepared for that, don't buy one. A car is never an asset. Neither is your home.. unless you actually sell it and make money, otherwise, it is a liability.Originally posted by siaokao:You got it right pal.. 1st time buyers benifit.. the rest of the car owners(me included).. their "ASSET" juz depericiated again! -
agreed !Originally posted by breytonhartge:You consider a car an asset? Really? All you do on cars is loose money. Unless you are prepared for that, don't buy one. A car is never an asset. Neither is your home.. unless you actually sell it and make money, otherwise, it is a liability.
asset generate income ...does ur car generate income?
maybe can read this thread www.sgforums.com/?action=thread_display&thread_id=168951 ? -
Next level will be 5k.
Election coming. . Probably miscellaneous charges (i.e. ERP, parking, fuel, etc) will go up after that 
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now so cheap WRX become ah beng carOriginally posted by sunboy77:This weekend the showrooms are going to be flooded man.
Hee hee... wondering if WRX is going to fall to less than $80k.
last time the old GC8 WRX...ah...those were true racer and not ah beng -
who says COE is going to hit sky high prices again? Where's the trend?
Who says its the kiasu sg mentality that will bring up the bids again??
then why isnt it increasing ever since the first 10k COE incident even though the no of bidders can exceed the amt of COE issued by 2 to 3 folds??
my take on this is...it will still go down .. down .. and down... someone must be controlling the COE market..its no longer the easy theory of demand and supply
hint: dun u guys notice more ERP gentries these days?? more expensive toll charges?? If you dun see where im heading from too bad...
dun trust my words .. too bad...but it will never never never hit above 20k
not in the next few decades.. -
Bro.. dats why i put "ASSETS" this way mah.. hahaa..Originally posted by breytonhartge:You consider a car an asset? Really? All you do on cars is loose money. Unless you are prepared for that, don't buy one. A car is never an asset. Neither is your home.. unless you actually sell it and make money, otherwise, it is a liability.
We all know owning car is a $$ losing business, but as COE falls.. our losses is at least in theory, worse. Do not forget, as COE falls.. so does our car's resale value.
Its like, we suffer more than those who get lower COEs than us. -
Originally posted by siaokao:
That is why I say singaporeans don't need to be so kia su... everybody just bid $1 then everybody's losses are minimised...
Bro.. dats why i put [b]"ASSETS" this way mah.. hahaa..
We all know owning car is a $$ losing business, but as COE falls.. our losses is at least in theory, worse. Do not forget, as COE falls.. so does our car's resale value.
Its like, we suffer more than those who get lower COEs than us. [/b] -
Originally posted by siaokao:
That is why I say singaporeans don't need to be so kia su... everybody just bid $1 then everybody's losses are minimised...
Bro.. dats why i put [b]"ASSETS" this way mah.. hahaa..
We all know owning car is a $$ losing business, but as COE falls.. our losses is at least in theory, worse. Do not forget, as COE falls.. so does our car's resale value.
Its like, we suffer more than those who get lower COEs than us. [/b] -
Err.. I think there can be such thing as MORE ERP GENTRIES AND HIGH COE PRICES leh..Originally posted by sunnyMAN:who says COE is going to hit sky high prices again? Where's the trend?
Who says its the kiasu sg mentality that will bring up the bids again??
then why isnt it increasing ever since the first 10k COE incident even though the no of bidders can exceed the amt of COE issued by 2 to 3 folds??
my take on this is...it will still go down .. down .. and down... someone must be controlling the COE market..its no longer the easy theory of demand and supply
hint: dun u guys notice more ERP gentries these days?? more expensive toll charges?? If you dun see where im heading from too bad...
dun trust my words .. too bad...but it will never never never hit above 20k
not in the next few decades..
Btw, prices of coe is still controlled by supply and demand..
Remember who issue COEs? The availability (SUPPLY) of COEs can be easily controlled by government (such as holding up scrap car COEs). When you can control the supply, you can control the price.
Demand for cars? its always there.. hahaa
If someone up there decide coe prices should go back up to 100K level and given the economic conditions are right, i'll bet my last dollar we'll be there again. -
This will work if supply is higher than demand.Originally posted by breytonhartge:That is why I say singaporeans don't need to be so kia su... everybody just bid $1 then everybody's losses are minimised...
Looking at the latest COE results and assuming everyone place a $1 bid.
Available COE: 1,261
Number of Bids: 1,386
Now, how do you decide who gets the COE?
Ltes look at how prices of COE are determined.
"Lowest successful bid price" = COE price.
If you must buy a car.. say very urgent, die die must have by next month. What would you do?
This month COE $9001.. would you bid higher or lower? You should bid higher to ensure you are one of the higher bidder so u get the COE. If you really despriate, you just bid 100K lah.. sure get your COE.. but do you pay 100K?
NO! you pay the "Lowest successful bid price" can be.. $9000!
In fact, I like to thank the car dealers for "regulating" coe prices.. if they leave it to car buyers to bid themselves, coe prices will go out of control! Imaging everyone trying to outbid each other and thinking they will not be paying for their bid amount anyway.
In my opinion, a more accurate way is to ensure bidders "PAY FOR WHAT THEY BID". This will encourage more responsible bidding. However, the government is unlikely to adopt this. Coz all singaporeans (including me) very KS.. will try to bid as low as possible.. (coz dun wan to "lose" out to the next buyer by paying more mah..) Den, COE price 50 cents.. we very happy but government no year end bonus... cannot lah..
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The funny thing is that is it that urgent to have a car in singapore where the public transport is better than most of the civilised world? I am sure someone could wait a month or two... but then if the car dealers are regulating the prices of COE's and are doing the bidding, then the COE's should be going to the person who signs his contract first right? Just a thought...Originally posted by siaokao:This will work if supply is higher than demand.
Looking at the latest COE results and assuming everyone place a $1 bid.
Available COE: 1,261
Number of Bids: 1,386
Now, how do you decide who gets the COE?
Ltes look at how prices of COE are determined.
"Lowest successful bid price" = COE price.
If you must buy a car.. say very urgent, die die must have by next month. What would you do?
This month COE $9001.. would you bid higher or lower? You should bid higher to ensure you are one of the higher bidder so u get the COE. If you really despriate, you just bid 100K lah.. sure get your COE.. but do you pay 100K?
NO! you pay the "Lowest successful bid price" can be.. $9000!
In fact, I like to thank the car dealers for "regulating" coe prices.. if they leave it to car buyers to bid themselves, coe prices will go out of control! Imaging everyone trying to outbid each other and thinking they will not be paying for their bid amount anyway.
In my opinion, a more accurate way is to ensure bidders "PAY FOR WHAT THEY BID". This will encourage more responsible bidding. However, the government is unlikely to adopt this. Coz all singaporeans (including me) very KS.. will try to bid as low as possible.. (coz dun wan to "lose" out to the next buyer by paying more mah..) Den, COE price 50 cents.. we very happy but government no year end bonus... cannot lah.. -
But i don't have a rich father ley.Originally posted by tailslide:if fall below 80k u buy one? -
ermmm when the govt release 2000 COE and the nos of bidders rose above 6000...is that considered more demand than supply?? if yes..why arent the COE prices shooting up??Originally posted by siaokao:Err.. I think there can be such thing as MORE ERP GENTRIES AND HIGH COE PRICES leh..
Btw, prices of coe is still controlled by supply and demand..
Remember who issue COEs? The availability (SUPPLY) of COEs can be easily controlled by government (such as holding up scrap car COEs). When you can control the supply, you can control the price.
Demand for cars? its always there.. hahaa
If someone up there decide coe prices should go back up to 100K level and given the economic conditions are right, i'll bet my last dollar we'll be there again.
im not saying toll charges will replace COE...dats why i said...study the trend and you'll realise its no longer a matter of supply and demand...the primary role of having COE in the first place has long been forgotton and ppl have been writing the ST forum to bring up the issue...COE is no longer wad it used to be...let wad u have mentioned supply and demand...
and dats why my take on this is dat...it will not go up to that of those times (20-30k for COE)...
kk enough said...we r in no position to say who;s right or wrong anyway..so let;s wait and see bros
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but u are rich wad.Originally posted by sunboy77:But i don't have a rich father ley. -
We should not look at the COE alone.
We have to look at the overall car price as well.
Let's say 1st car, price is $60K. COE is $14K.
The 2nd car, same price, same make, $60K, COE is $9K.
The dealer earned more from you for the second example as he pocketed the difference, roughly $5K more than the first example.