COE Dropped, who is heading to car showroom?

Runifyouhaveto · Jul 23, 2015

Category
A CAR UP TO 1600CC & 97KW $55,889
B CAR ABOVE 1600CC OR 97KW $58,109
C GOODS VEHICLE & BUS $50,002
D MOTORCYCLE $6,312
E OPEN $60,101

For Category A cars, or those 1600cc and below with horsepower not exceeding 130bhp, premiums closed at S$55,889, down from S$58,700 two weeks ago. Premiums for larger and more powerful cars in Category B fell to S$58,109 from S$65,501. Open category COEs, which can be used for any vehicle type but end up being used mainly for large cars, fell to S$60,101 from S$69,901.
http://www.onemotoring.com.sg/1m/coe/coeDetail.html

canonfairy · Jul 23, 2015

drop to 10K then consider

Boliao · Jul 23, 2015

50% down payment.. ya right.

GoldenDragon · Jul 23, 2015

Boliao said:
50% down payment.. ya right.

40% in some cases. Better to buy used car. Maybe 3-4 yr old as owner would have absorbed substantial losses.

Agoraphobic · Jul 23, 2015

Not in the market, but if want electric car, COE under open category?

Cheers!

sleaguepunter · Jul 23, 2015

GoldenDragon said:
40% in some cases. Better to buy used car. Maybe 3-4 yr old as owner would have absorbed substantial losses.

don't quite agree... trade in own parf car will offset the deposit, best still have residue coe value. I traded in my 4.8yrs old vw polo which has a doggy gearbox for the new city. trade in value of the polo was even higher than what I initially paid for the polo. after taking the minimum loan/period of $42k that part of kah motor promotion, I still get back $8kplus cash. there even $800 worth of esso vouchers.

xebay11 · Jul 23, 2015

canonfairy said:
drop to 10K then consider

Drop to $100 then consider, like in 2009.

gingerlyn · Jul 23, 2015

sleaguepunter said:
don't quite agree... trade in own parf car will offset the deposit, best still have residue coe value. I traded in my 4.8yrs old vw polo which has a doggy gearbox for the new city.

i think VW car is no good, 5yrs but spoiled gearbox

SockPuppet · Jul 23, 2015

sleaguepunter said:
don't quite agree... trade in own parf car will offset the deposit, best still have residue coe value. I traded in my 4.8yrs old vw polo which has a doggy gearbox for the new city. trade in value of the polo was even higher than what I initially paid for the polo. after taking the minimum loan/period of $42k that part of kah motor promotion, I still get back $8kplus cash. there even $800 worth of esso vouchers.

how did it work out for you? I can't understand.
what were the other figures involved here?

DreamBig · Jul 23, 2015

dont be bait by a temporary drop. election is coming. govt will find other ways to leech the people

sleaguepunter · Jul 23, 2015

SockPuppet said:
how did it work out for you? I can't understand.
what were the other figures involved here?

example... new car $50k. put $3k deposit. trade in car value $30k. loan $25k

$50k-$3k-$30k = $17k outstanding.

but loan is $25k, so $25k-$17k = $8k

the user car dealer has to pay $8k when he/she take over your car while u take over the new car.

Runifyouhaveto · Jul 23, 2015

GoldenDragon said:
40% in some cases. Better to buy used car. Maybe 3-4 yr old as owner would have absorbed substantial losses.

ya, especially CAT B resale
dun make sense to buy CAT B resale of 1-2years old as their COE is 80-90K

GoldenDragon · Jul 23, 2015

xebay11 said:
Drop to $100 then consider, like in 2009.

You will be waiting, FOREVER.

GoldenDragon · Jul 23, 2015

gingerlyn said:
i think VW car is no good, 5yrs but spoiled gearbox

When I drove one in the early 90s, it was terrible. Not even 2 year old car but lots of problems with the gear box.

rambo22 · Jul 23, 2015

Very Worried car

Runifyouhaveto · Jul 23, 2015

GoldenDragon said:
When I drove one in the early 90s, it was terrible. Not even 2 year old car but lots of problems with the gear box.

European cars very headache, but they tempt u with design.
Less durable ones pricing themselves very competitively these days

Citroen C4 Picasso MPV Diesel for appx $125K due to the drop in COE prices

BuiKia · Jul 23, 2015

it should fall to around 40K within 3 months. Best time to buy would be lunar 7th month.

GoldenDragon · Jul 23, 2015

Runifyouhaveto said:
European cars very headache, but they tempt u with design.
Less durable ones pricing themselves very competitively these days

Citroen C4 Picasso MPV Diesel for appx $125K due to the drop in COE prices

Road holding always better than Jap cars. But servicing and parts headache. I am looking at an old Lexus 250. Maybe 7-8 yr old.

gingerlyn · Jul 23, 2015

GoldenDragon said:
Road holding always better than Jap cars. But servicing and parts headache. I am looking at an old Lexus 250. Maybe 7-8 yr old.

if you read fb, recently Tan cheng bok scrapped his 10yo lexus.
he said the car condition is still good, suspension is good

Runifyouhaveto · Jul 23, 2015

GoldenDragon said:
Road holding always better than Jap cars. But servicing and parts headache. I am looking at an old Lexus 250. Maybe 7-8 yr old.

not cheap n iS250 is not very good.

Dragon bro,
ah RUN recommend this durable teeko car for u - low mileage n u renew COE in 2017, still can bargin on price
http://www.sgcarmart.com/used_cars/info.php?ID=486970&DL=1000
Similar depreciation as IS250, just road tax very high, timeless design

COE Dropped, who is heading to car showroom?

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