SpyVeilside;533180 said:A (1600CC & BELOW) & TAXI $34,001
B (ABOVE 1600CC) $45,501
E OPEN $49,000
Wat do u predict for next round? Bull run sia..
rab;533673 said:When you go to the LTA website, they show that there are some COEs as "unused". For example, in Cat A, a total of 1,379 bids received for a quota of 705 with 597 successful, 782 unsuccessful, leaving 108 unused.
Have they changed the bidding system? I didn't realise that there can be unused COEs when the number of bids far exceed the quota.
clearly ppl r stocking up on coe's.rab;533673 said:When you go to the LTA website, they show that there are some COEs as "unused". For example, in Cat A, a total of 1,379 bids received for a quota of 705 with 597 successful, 782 unsuccessful, leaving 108 unused.
Have they changed the bidding system? I didn't realise that there can be unused COEs when the number of bids far exceed the quota.
Slater;533678 said:clearly ppl r stocking up on coe's.
maybe they shld impose a rule whereby coe's bid vs number of cars sold by dealers.
SuperChargeMe;533676 said:Unused means, eg in cat A, unused 108, but next lower bid,eg $34000, has 120 bids, more than that remaining quota. If they set the bid at the lower level, it would exceed the quota. So they keep at the higher bid and carry over the unused bids to next round.
etan1;533680 said:think the dealers can only keep Open Cat COEs... correct?
Cat A and Bs are specific to the bidder, and not transferrable, else, becomes the 2nd owner.
was told that they can keep for 6 months. whther the coe is for a specific buyer/car i am not too sureetan1;533680 said:think the dealers can only keep Open Cat COEs... correct?
Cat A and Bs are specific to the bidder, and not transferrable, else, becomes the 2nd owner.
Slater;533757 said:was told that they can keep for 6 months. whther the coe is for a specific buyer/car i am not too sure
wt_know;533761 said:what happen if dealer bid for owner cat a/b based on his/her nric
then the buyer back out or loan not approved or lose job cannot buy car liao
the cat a/b coe still can be transferred right ?
i think dealers got invisible hand to use 'shadow' IC to bid coe ? nothing is impossible.
ktnpl;533789 said:If the govt wants to stop the spiralling costs, they could immediately revert to 10k deposit or even up it to match the actual bid price. If a person bids 100k, 100k should be deducted from his/her bank account. After bidding, full anount is refunded if he/she is unsuccessful or if successful, the difference between bid amount and premium is refunded. This will eliminate frivoulous and speculative bids and allow prices to settle more quickly at a level that reflects the real demand.
etan1;533794 said:do you think the govt wants to stop the spiralling COEs?
zorro;533764 said:If you bid Cat And B and chicken out you loose your deposit and after 6 months the COE is considered lapse and will add on to unused cat.....do more of this as a donation to Gov and free up the COE for the rest of the motorist and i will nominate you for Best Citizen Awards