COE drop but car prices marked up!
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Just asking if I am correct.
COE drop but car prices did not drop according to COE drop.
Cat A COE drop $6200, but car price nv drop around $6000.
Instead it dropped less than $3000.
Thats means it marked up the car price so that they earn the diff of $2000 to $3000.
Am I correct? -
I think u r right...
while if u check, the high end car price did not drop any single cent
Originally posted by Troy437:Just asking if I am correct.
COE drop but car prices did not drop according to COE drop.
Cat A COE drop $6200, but car price nv drop around $6000.
Instead it dropped less than $3000.
Thats means it marked up the car price so that they earn the diff of $2000 to $3000.
Am I correct? -
If you want to buy a car in singapore, you're already mentally prepared to lose money.
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no u r wrong... car dealers will anticipate a rise in coe the next round of bidding... so if they lower the price according to the drop in coe after the latest round of bidding.... they will lose money like siao after the next round of bidding where the prices will go up... so they leave a diff of 2000 to 3000 as buffer....Originally posted by Troy437:Just asking if I am correct.
COE drop but car prices did not drop according to COE drop.
Cat A COE drop $6200, but car price nv drop around $6000.
Instead it dropped less than $3000.
Thats means it marked up the car price so that they earn the diff of $2000 to $3000.
Am I correct? -
Anyway buyer still lugi, if u buy during the 5k coe they rebate u only 2k if yr offset is 7k and they still made 3k. If you buy now, as u said the price din drop much cos they sure gonna bid higher for u next round~10k.
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ya la.
if all the buyer rush in to buy at the car price pegged at 5200 COE,
then the next round, they would not secure the COE at that low premium.
then the dealer lost big time...
wait a few more bidding, then see the COE hover around what value.
then i bet the car price will likely match up also.
it all about business sense la.
profit is the most decising factor lor.
Happy 2007! -
Its actually a buffer in case of the COE increase...
But sometimes check on the package...they may add some incentives inside or give some discount.
This buffer is either to offset the next coe increase or to have a bigger range to play around with the price to attract buyers.
But if you want to buy a car, it really does not matter as no matter whats the price difference, at the end of the day when you scrap a car, you still get back the parf and whatever COE amt balance. In terms of percentage, its about the same. No matter high COE or low COE. The percentage is the same.
But judging from the GST increase in July, most probably, alot of people will wait for another 2 mths to see the price difference or how the market goes.
Taking a typical 1.6 jap car, on the average if losing @ 3.5k per year, its already quite worth it. Do some calculation. For the price now, its still worth the price. But if per yr lose 5k for a 1.6 jap car, its not worth it now.
My car losing 4.8k / yr due to almost 3 yr old car. In terms of percentage, its still ok. -
Is it?Originally posted by Troy437:Just asking if I am correct.
COE drop but car prices did not drop according to COE drop.
Cat A COE drop $6200, but car price nv drop around $6000.
Instead it dropped less than $3000.
Thats means it marked up the car price so that they earn the diff of $2000 to $3000.
Am I correct?
Me bought a Toyota Vios 1.5 Auto with guaranteed COE at $37k leh... Usual before the COE was $49k... And me getting my new car on 03 March...
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Originally posted by dork3d:
so cheap??
Is it?
Me bought a Toyota Vios 1.5 Auto with guaranteed COE at $37k leh... Usual before the COE was $49k... And me getting my new car on 03 March... 
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Base on the price list http://www.borneomotors.com.sg/toyota/ToyoPrice_Main.cfm
Even Vios manual cost $43k liao.
If many buyer this round, COE will go up to $12k, the usual case is AD will tell u:"sorry we only bid at 10k, wanna to topup?" -
haiyah even if the SG govt decide one day, NO COE.
buying a car is all abt making an instant loss. -
Dealers will not reduce car prices by same amount the COE has dropped, simply because they know many people will rush in. But this COE bidding has definitely set a new psychological benchmark and people expectations for COE will be set lower.
Coupled with the fact that many people has bought their cars in the last one or two years with long loan tenures, they are unable to change cars in the next few years without incurring losses of up to 10k per year, made worst by the lower PARF rebates in recent years.
Imagine the moment you receive your car key on day 1, the paper value of your new car would have lost 50%-60%!!! How to change another car in a short period without topping up easily another $20-30k???
So down the road I won't be surprised to see average COE in the 7-8k region or even lower. -
No need top up $20k, overtrade will do~ but not a good advice unless u driving a COE car or those cars tat dont have much value which u know u wont gain anything even u drag longer so u can settle it early.
COE unstable so they wont reduce till so low, but its the same cos if they drop price then next COE went up u top up so its the same.. -
car prices is based on future coe, not present or past coe price.
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Yes but the rebate is to protect the AD/PI only. It's still disadvantage to buyer.Originally posted by sir_boris:car prices is based on future coe, not present or past coe price. -
looks like all forget about tax???
the car "prices" in SG = car itself + TAX + COE. hellooooo.
**you "buy" car in SG but never really own it, you just renting it from GOV for 10 years. -
gov or bank? u got lobang loan money from gov? share leh.Originally posted by Joshua1975:looks like all forget about tax???
the car "prices" in SG = car itself + TAX + COE. hellooooo.
**you "buy" car in SG but never really own it, you just renting it from GOV for 10 years.
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wake up your idea. the COE pay to who? the tax pay to who? you loan to pay GOV and can oni drive for 10 years. after that either you renew COE or say bye to your so call car. isn't it rent for 10 years from GOV????Originally posted by ecac:gov or bank? u got lobang loan money from gov? share leh.
find yourself a corner... stay there, wait.... -
website's COE chart tells the trend of COE prices!
I found a website that gives us a
graphical chart of COE prices,
from which if there is a pattern,
we will be able to determine/gauge
the future trend of COE prices.
The website's
"Year-To-Year Comparison Chart"
is particularly useful for this.
From the charts on that website,
I already see that for the cars categories
(categories A, B, E)
this year's 2007 COE prices is on average
higher than last year,
and in some cases higher
than the last two years'
prices comparing year-to-year of the same months.
Take a look at it for yourself,...
You can see trend-telling charts for every
COE categories A, B, C, D ,E.
Checkout the charts of COE Prices:
http://www.COE-review.com/ -
Not forgetting dealers have to refund $2-3K to buyers who place order before the $5.2K COE results, most are having rebate level at $7K-8K. A portion of the $6K coe decrease goes as refund to them so the new car price do not reflect similar decrease.
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Dont apply to everyone, my friend keep his cars even COE expire, so his house is just like showoom, few cars sitting in the garden just for show.Originally posted by Joshua1975:wake up your idea. the COE pay to who? the tax pay to who? you loan to pay GOV and can oni drive for 10 years. after that either you renew COE or say bye to your so call car. isn't it rent for 10 years from GOV????
find yourself a corner... stay there, wait....