COE Prediction
- Thread starter audicious
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Re: COE Prediction
Answer - it went into a vicious downtrend for 16-years until last year...... somehow no one remembers that........ I wonder where were the expert car dealers and used car salesmen during this period..... the human mind is amazing, only remembers what happened in recent times.......
Answer - it went into a vicious downtrend for 16-years until last year...... somehow no one remembers that........ I wonder where were the expert car dealers and used car salesmen during this period..... the human mind is amazing, only remembers what happened in recent times.......
detach8
Well-Known Member
Re: COE Prediction
it went down and in place of it came the stupid ERP. now that they know ERP is a shitty solution the quota formular changed again. with our casinos, rising population and all the rich influx, this time round i don't think the COE price is going to go anywhere lower than 30k. same goes for property. it's only time we see a $1m DBSS HDB for sale
it went down and in place of it came the stupid ERP. now that they know ERP is a shitty solution the quota formular changed again. with our casinos, rising population and all the rich influx, this time round i don't think the COE price is going to go anywhere lower than 30k. same goes for property. it's only time we see a $1m DBSS HDB for sale
detach8
Well-Known Member
Re: COE Prediction
All markets have a bubble. When I bought my Nissan Latio car in '08, I got a 14K COE. Few months later in Feb 09, COE dropped to 1K.
Did it make a difference? To some people, yes. But to those who already bought the car @ 14K COE, it did not make a difference because the car was simply still ... well... a car. It's simply depreciating slightly more.
Buy a 50-60K COE car now, 2-3 years later it drops back to 20-30K. Will it really make any difference?
For those who change cars every 2-3 years, this high COE is just paying higher taxes at the interim. 2-3 years later, you're going to sell the car and it will get dereg, the balance COE will be refunded. You will end up with a cheaper car again.
What is a car to you? Is it a tool, or an investment? I would look at them differently. To me it's a tool. If you need it, just buy it. A tool is to facilitate your work/life.
Unless you bid for your own COE, you would notice that when COE goes down, car prices do not go down at the same rate.
I bought my Latio at $55K with a 14K COE. When COE dropped to 1K, the car price droped to 49K. COE dropped 13K, but car only dropped 6K. The dealers give you guaranteed bid also need to protect themselves. Those who got the recent 60K COE, lucky you. If in the next 1 year COE drops back to 20-30K, rest assured you will not see a 20K reduction in car price but instead ~10K. But you will certainly see the same low low OMV unless Euro pick up again.
All markets have a bubble. When I bought my Nissan Latio car in '08, I got a 14K COE. Few months later in Feb 09, COE dropped to 1K.
Did it make a difference? To some people, yes. But to those who already bought the car @ 14K COE, it did not make a difference because the car was simply still ... well... a car. It's simply depreciating slightly more.
Buy a 50-60K COE car now, 2-3 years later it drops back to 20-30K. Will it really make any difference?
For those who change cars every 2-3 years, this high COE is just paying higher taxes at the interim. 2-3 years later, you're going to sell the car and it will get dereg, the balance COE will be refunded. You will end up with a cheaper car again.
What is a car to you? Is it a tool, or an investment? I would look at them differently. To me it's a tool. If you need it, just buy it. A tool is to facilitate your work/life.
Unless you bid for your own COE, you would notice that when COE goes down, car prices do not go down at the same rate.
I bought my Latio at $55K with a 14K COE. When COE dropped to 1K, the car price droped to 49K. COE dropped 13K, but car only dropped 6K. The dealers give you guaranteed bid also need to protect themselves. Those who got the recent 60K COE, lucky you. If in the next 1 year COE drops back to 20-30K, rest assured you will not see a 20K reduction in car price but instead ~10K. But you will certainly see the same low low OMV unless Euro pick up again.
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Re: COE Prediction
Actually, the higher COE and lower OMV is a double whammy for those who are sensitive to depre numbers. Higher COE means higher purchase price with absolutely no increase in "intrinsic value" in depre calculations. Lower OMV means lower "intrinisic value" = possible lower resale value. So, if COEs revert back to $30-40K......
Of course, there is also a group of high networth drivers who do not care....... cause $60-70K extra is nothing for a $1m car.......
Actually, the higher COE and lower OMV is a double whammy for those who are sensitive to depre numbers. Higher COE means higher purchase price with absolutely no increase in "intrinsic value" in depre calculations. Lower OMV means lower "intrinisic value" = possible lower resale value. So, if COEs revert back to $30-40K......
Of course, there is also a group of high networth drivers who do not care....... cause $60-70K extra is nothing for a $1m car.......
darkknight
Well-Known Member
Re: COE Prediction
Been bidding for COE since CNY... tot tat car sales will slow after festive season but seem tat too many rich ppl around liao...
The COE keep hovering around $55k... i tink i have combed most of the PI showroom in the island liao... but end up signed with PML with just one visit...
Hopefully it is a wise choice...
Been bidding for COE since CNY... tot tat car sales will slow after festive season but seem tat too many rich ppl around liao...
The COE keep hovering around $55k... i tink i have combed most of the PI showroom in the island liao... but end up signed with PML with just one visit...
Hopefully it is a wise choice...
Blackstream
Well-Known Member
Re: COE Prediction
Cat B should hover around $60-$65k though a slight dip may occur due to the generally weak new car market. Backlog clearing particularly by PML should dominate this bidding. Cat A may see a slight rise due to the slew of big car with small engines launches. No surprises is expected.
Cat B should hover around $60-$65k though a slight dip may occur due to the generally weak new car market. Backlog clearing particularly by PML should dominate this bidding. Cat A may see a slight rise due to the slew of big car with small engines launches. No surprises is expected.
