Limo - COE premiums - Only Cat C up slightly. Huat Ah! !!
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Originally posted by charlize:
You must be older than me.
I am 46 years old.
Uncle Charlize....
we are near.... but you are older....
limousine drivers and TDs must be at least 30.... I already in the industry...
TD 9 yrs... Pte Limo coming 1 yr. Started at age 34.
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Originally posted by Just_do_it_lah:
Uncle Charlize....
we are near.... but you are older....
limousine drivers and TDs must be at least 30.... I already in the industry...
TD 9 yrs... Pte Limo coming 1 yr. Started at age 34.
Sometimes I am 19.
And 27.
And 36.
And 59.
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Originally posted by charlize:
Sometimes I am 19.
And 27.
And 36.
And 59.
1 account... 4 users ?
Please create more accounts....
FireIce won't mind clones....
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Originally posted by Just_do_it_lah:
1 account... 4 users ?
Please create more accounts....
FireIce won't mind clones....
Wu Lang look for mois Bo......
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Originally posted by Rbs70:
Wu Lang look for mois Bo......
so u admit u also clone liao rite??
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COE up....up and up
something will have to come down.....to balance up.
which is....
Citizen's Confidence on the ruling party ?
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Originally posted by Just_do_it_lah:
COE up....up and up
something will have to come down.....to balance up.
which is....
Citizen's Confidence on the ruling party ?
lets make it happen in 2016...................
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What will happen in 2016?
I say nothing exciting.
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Originally posted by charlize:
What will happen in 2016?
I say nothing exciting.
2016? Euro again, will Spain beat Italy 4 zero again.....
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Originally posted by charlize:
What will happen in 2016?
I say nothing exciting.
Yeah... unless Oppositions have good candidates to challenge every wards.
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Originally posted by Just_do_it_lah:
Yeah... unless Oppositions have good candidates to challenge every wards.
yah last election got quite a number of wards got gd candidates liao..........
but haiz....... tat PHUi!!! 60.1% all hum ji 1....................
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When coe is almost up after 10 years, those who have a car must go renew by paying the coe again right?
They must be damn stressed now.
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Originally posted by charlize:
When coe is almost up after 10 years, those who have a car must go renew by paying the coe again right?
They must be damn stressed now.
In 2008, Cat A falls to $2. (Those are the "Real bargains" deal).
When it 1st started, it had 8 categories. 3 categories were later removed to the current 5 categories (ie, under 1,000cc, above 2,000cc and Weekend cars).
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Imagine you bot a car when coe was damn low.
When time to renew the coe and it is $68k currently, can take a loan?
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Mostly of these 10yrs vehicles which need a prevailing COE extension, (80%) are Commercial vehicles.
.Many japanese made brands can't take another 10yrs.
As commerical vehicle doesn't have scrap value, many will choose to extend it for another 10yrs.
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Originally posted by charlize:
Imagine you bot a car when coe was damn low.
When time to renew the coe and it is $68k currently, can take a loan?
Most banks' loan is based on the market value of the car on the road at that time.
If car loan is defaulted, the bank repossessed the car and then realised - WTF a old 10++ years OMG tortise.
I do not have any information on this as I usually changed by 5yrs, hence can't comment
.Bank may loan up to a certain amount.... but full loan is very unlikely.
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The car is already paid up at the end of the 10 years since I think max car loan is 10 years?
But you will need to cough up cash to renew the coe right?
Don't think bank will loan you money to pay for the coe.
I think I read that renewal price is the average of past 3 coe bidding.
If buy new car, need to pay for car and the prevailing coe.
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Originally posted by charlize:
The car is already paid up at the end of the 10 years since I think max car loan is 10 years?
But you will need to cough up cash to renew the coe right?
Don't think bank will loan you money to pay for the coe.
I think I read that renewal price is the average of past 3 coe bidding.
If buy new car, need to pay for car and the prevailing coe.
Yes... for privately owned vehicles, the maximum loan period is 10yrs.
As for commercial vehicles, the maximum loan period is 7yrs.
Of course, if getting a brand new car, then it shouldn't be a problem to get a bank loan but have to base on the income tax assessment as a reliable document prior to loan approval.
which also means that those (many of self-employed like me
) whom "may under-declared" will have the problem of getting loans. -
That's part of the reason why my current vehicle is fully paid....
no loans issue.
no....
even on your famous quote "times are bad"
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Bo Sa La, still can renew COE for 5 years right?
Only got 1 chance to choose, meaning if you extend 5 years....5 years due, cannot extend anymore.......
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Originally posted by Rbs70:
Bo Sa La, still can renew COE for 5 years right?
Only got 1 chance to choose, meaning if you extend 5 years....5 years due, cannot extend anymore.......
confirm u right........... if renew 5yrs end of 5yrs die die need to be scrapped
liao u cannot say u wan to change to 10yrs.....................
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Many Lau Kok Kok vehicles cannot tehan 20yrs of daily usage....
the additional 5 yrs COE extension make no sense to privately owned vehicles as their scrap value will be gone.
As there is a report on vehicles who did made the extension, 80% belongs to commercial vehicles.
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Taxis out of COE bidding process from August
SINGAPORE: Taxis will be taken out of the Certificate of Entitlement (COE) bidding process from next month, as the government also plans to improve taxi availability on the road.
The move is in response to feedback that taxi operators may have influence on COE prices, said Transport Minister Lui Tuck Yew on Friday.
And to ensure that these operators use their fleets better, the number of COEs they are entitled to will be tied to taxi availability standards.
These standards will be introduced next year.
All taxis currently bid under the small car category or Category A of the COE system. But from August, they will be removed from the bidding process permanently.
Instead, COEs used for taxi fleet expansion will be extracted from the quota for Category E, which is usually meant for big cars.
Taxi operators will pay for the COEs based on Category A's Prevailing Quota Premium, which is the moving average of the COE prices over the last three months.
Mr Lui said: "There is evidence to show that the taxis, at least in the last bidding cycle and earlier bidding cycles, have not affected prices. But there is also some evidence that they may have affected prices in the Category A COEs.
"...Taking in the feedback from the public and from the industry and having studied this issue for quite some time, we thought that this is the appropriate thing to do. They will still be paying Category A prices, but they will be price takers henceforth, so they will just pay Prevailing Quota Premium. "
Improving taxi availability to better serve commuters, especially during peak periods, is another issue.
The Land Transport Authority (LTA) says the number of taxis on the road has gone up by more than twice the growth of ridership in recent years.
Yet, there has been persistent feedback about taxis not being available.
So from 2014, the number of COEs for fleet expansion will be tied to the extent operators are able to meet taxi availability standards.
The LTA says it is still in discussion with operators on the proposed taxi availability standards and it expects to reveal the details in the fourth quarter this year.
Meantime, from August this year to December 2013, the number of COEs that operators are able to procure will be matched closely to the growth in taxi ridership.
Mr Lui said LTA will reveal details next week.
When contacted, the biggest taxi operator, ComfortDelGro, said it expects the impact to be minimal since it has been using the Prevailing Quota Premium for taxi replacements.
Another taxi operator, SMRT, said it will study the measures.
Mr Cedric Foo, chairman of the Government Parliamentary Committee for Transport, welcomed the move by the authorities. He also suggested another way to tackle the problem of taxi availability.
"If we were to set the standard, it could read something like (requiring) the fleet of taxis to be on the road 70 percent of the time, and create an average taxi miles per day. That will get the taxis out on the streets rather than have part of the fleet idling some part of the day," he said.
Mr Ang Hin Kee, adviser to the National Taxi Association, said that Friday's announcement will help ensure that more commuters are able to get a cab whenever they want to.
But Mr Ang, who is also an MP, said that having more taxis on the road alone does not solve the problem of availability.
"During peak hours, there must be alternative expansion plans other than just taxi availability. During peak hour at, let's say 8-9am, I can understand there will be huge congestion on the road. Buses are also quite packed, so is MRT. So, riding on taxis alone to solve availability problem will not be an easy one."
Welcoming the latest move by LTA, industry players said they expect prices for small cars to drop a little.
They said demand for small cars will still be high, as there is not enough supply of COEs in that category.
Some called for taxis to be taken out of the vehicle quota system entirely.
Mr Michael Wong from the Motor Traders Association of Singapore said: "The public transport numbers should be planned in accordance with how our public transport planners look at service delivery and utility. If that's the case...all that they really need to do is to fix the number of taxis you want per year and then pay the PQP (Prevailing Quota Premium), (just like) what they have formulated now."
- CNA/ir -
We shall see how Cumfark react to this......
In the 90s many car go for renewal of COE........especially 5 years type.
Maybe the thrend will be back again.....during the 90s, COE also farking high, but Motorcycles always $1......so many like us only can buy motorbike....
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Fleet expansion.....
bid from Cat E ?
Cat E premiums follow closely to Cat B, which is normally higher than Cat A.....
Not a good news to Taxi companies.