How low will COE drop in second half of 2020?

[Byebye Penis]

Carbon Emission tax increased the prices of our car in 2020. We can hardly find few 4-wheels to qualify for the best CEVS tier.

Will LTA be releasing all unsold quota in April and May in the second half of 2020 (to be fair and transparent)?
Nevertheless, COVID is expected to sink COE and offset the CEVS cost in second half of 2020.

It is not a good time to buy a car now

• PI Car agents can't give you a fair price. What if COE crashes to $10K or $2, seriously they are not going to refund your COE.
• If Authorized Distributors have any spare COEs, they can only work using older rates (this is their cost), so this will drive you mad if COE crashes in the next few months.
• Even for resale cars, LTA is like closed for business due to CB. Are you sure you want to buy that older car with underlying $90K COE from SKF era to current $30K+?
• With numerous cars floating in the sea and global crash in automotive sales, what makes you think that OMV will be increasing in the second half of 2020 (unless government hikes taxes)?
• Last but not least, current car loan rates is like 2.2-2.4%pa. As housing loans and business loan costs have dropped, if you can wait til a few months later, wouldn't there be more promotion-rates like 1.88%, 1.68% or even 1.48% appearing?

Please wait a while.

 

[JurongEast]

what is your purpose? loser trying to paint a bad picture on car and coe so that price will drop and u can get a cheap price for yourself?

 

[Byebye Penis]

what is your purpose? loser trying to paint a bad picture on car and coe so that price will drop and u can get a cheap price for yourself?

LOL u are car dealer? If you are car dealer, i can tell u more.

which part is misleading?

 

[SalahParking]

does this mean all used cars are severly overpriced? Will used car dealers go bust?

 

[hofmann]

LTA can easily cut supply anytime to keep prices high.

They can give any BS like this is a good time to reduce our reliance on cars and move towards public transport. Take your pick of excuses.

Temasek's coffers need to replenished and COEs are a big contributor to government takings.

 

[Confuseous]

People used to working from home will realise that on a per-use calculation it won't be worthwhile
having a car anymore. (Apart from not being able to keep their jobs for too long etc)

 

[bobby]

COE is a scam.

Despite the requirement for the purchase of a COE, Singaporean motorists are also subjected to road use pricing, exorbitant road tax, crazy petrol tax and unreal insurance premiums.

 

[nayr69sg]

COE is a scam.

Despite the requirement for the purchase of a COE, Singaporean motorists are also subjected to road use pricing, exorbitant road tax, crazy petrol tax and unreal insurance premiums.

And sinkies like to comment that other countries have high income tax while sinkie is low income tax.

 

[batman1]

COE is ridiculous.Scam to enrich the MIW.
WHY the price of COE not crashed ?

 

[bobby]

COE is ridiculous.Scam to enrich the MIW.
WHY the price of COE not crashed ?

The bigger scam is that the value of your car for insurance purposes for premium calculations includes the value of the COE which is just a piece of paper and is redeemable if you write-off your vehicle.

Only stupid sinkies pay premium for insuring a piece of gahmen issued paper.

 

[mojito]

COE is a scam.

Despite the requirement for the purchase of a COE, Singaporean motorists are also subjected to road use pricing, exorbitant road tax, crazy petrol tax and unreal insurance premiums.

We can afford it.

 

[mojito]

Carbon Emission tax increased the prices of our car in 2020. We can hardly find few 4-wheels to qualify for the best CEVS tier.

Will LTA be releasing all unsold quota in April and May in the second half of 2020 (to be fair and transparent)?
Nevertheless, COVID is expected to sink COE and offset the CEVS cost in second half of 2020.

It is not a good time to buy a car now

• PI Car agents can't give you a fair price. What if COE crashes to $10K or $2, seriously they are not going to refund your COE.
• If Authorized Distributors have any spare COEs, they can only work using older rates (this is their cost), so this will drive you mad if COE crashes in the next few months.
• Even for resale cars, LTA is like closed for business due to CB. Are you sure you want to buy that older car with underlying $90K COE from SKF era to current $30K+?
• With numerous cars floating in the sea and global crash in automotive sales, what makes you think that OMV will be increasing in the second half of 2020 (unless government hikes taxes)?
• Last but not least, current car loan rates is like 2.2-2.4%pa. As housing loans and business loan costs have dropped, if you can wait til a few months later, wouldn't there be more promotion-rates like 1.88%, 1.68% or even 1.48% appearing?

Please wait a while.

Hasn't coe bidding been suspended since april? There is no need to discuss your theories if car sales is zero.

 

[rambo22]

COE is kelong one

can behind do leg hand one

 

[Confuseous]

Don't think COE scheme is a kelong. This was Wooden's brilliant idea of managing traffic and
getting money for it. Technically, if all car buyers for the month gather together to work out
who should go and just bid $50 for the month, there is nothing the authorities can do. This
is the way the car dealers operate at govt car and some other auctions. They decide before
hand who to bid for which one to minimise competition. This won't happen in real life, with
(new) car dealers fighting it out till the closing minutes of each COE online auction.

 

[rambo22]

Don't think COE scheme is a kelong. This was Wooden's brilliant idea of managing traffic and
getting money for it. Technically, if all car buyers for the month gather together to work out
who should go and just bid $50 for the month, there is nothing the authorities can do. This
is the way the car dealers operate at govt car and some other auctions. They decide before
hand who to bid for which one to minimise competition. This won't happen in real life, with
(new) car dealers fighting it out till the closing minutes of each COE online auction.

why not ?? unless is open biddings

just like gov tenders

where u know who tendered and how much ??

 

[melzp]

It is a fact that big dealers together bid for coe. There was a CNA article of them together with LTA in discussion.
How then can Motorcycle hovers around $4k+ for years??
What have Commission of Fair Practice got to say.??

 

[mastermaster]

It is a fact that big dealers together bid for coe. There was a CNA article of them together with LTA in discussion.
How then can Motorcycle hovers around $4k+ for years??
What have Commission of Fair Practice got to say.??

You are so funny.

Commission of Fair Practice in Singapore?

The equivalent is now called Competition and Consumer Commission of Singapore (CCCS) and it is headed by the Permanent Secretary of MTI.

Ownself say ownself?

 

[Narong Wongwan]

Dun bet on it. Many rich people in Sg. Some even prosper during covid period.

 

[rambo22]

Dun bet on it. Many rich people in Sg. Some even prosper during covid period.

1 of them is Ter Bak Lim

 

[melzp]

https://www.torque.com.sg/news/lta-meets-four-dealers-motorcycle-coe-price-spikes/