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Samsters steamed?
She looks hagged, tired, and in need of some therapeutic sex.

She 为国为民to let us enjoy Swiss Standard of living mahShe looks hagged, tired, and in need of some therapeutic sex.
Samsters steamed?
1. In Dec 2025, almost all banks stopped new financing for the car leasing companies. That's means that these dudes cannot bid for COE or only bid with full cash. CAT A COE dropped $7000 (popular PHV category) in first Jan bidding. COE expected to resume slide after digesting last week's Motorshow orders.autobahn sounds conti n premium. wat happen?![]()


We ended up paying more.Some minister think it's more efficient to let the rental car have the coe. It's nothing wrong.
But the policy itself has deep flawsWe ended up paying more.
More than 220 car leasing firms closed in 2025
https://www.channelnewsasia.com/sin...autobahn-shariot-private-hire-drivers-5846441
1. In Dec 2025, almost all banks stopped new financing for the car leasing companies. That's means that these dudes cannot bid for COE or only bid with full cash. CAT A COE dropped $7000 (popular PHV category) in first Jan bidding. COE expected to resume slide after digesting last week's Motorshow orders.
2. Those car leasing companies that survived, resorted to offloading some inventory for their cashflow and working capital needs.
3. Less honest car leasing companies sold/transferred better models (lower mileage) away, before they ceased operations. Rumoured that Grab is also affected (share price down in last 3 months of 2025) but they hope to double down by using GrabRentals (financed by GXS) to obtain more vehicles cheaply. Lumen is also struggling. (Top 3 Grab PHV rental companies - Autobahn, Lumen, Grab Rentals)
4. Many vehicles are trucked away from car leasing companies without proper repair/maintenance, no insurance or road-tax. For those rented out, the cars are trucked away from their lessees, without car keys.
5. Lately, the first wave of auctions has appeared in the market.
This is why sales of last week's motorshow flopped because there will be so many auction cars in first half of 2026.
- There is a huge list of PHV cars that are ready to be force-sold, eg. Sienta, Landy, Noah, Voxy, Vezel, 70 Alphards. Many can only be bidded by industry members due to their unique GST structure.
- Sgcarmart featured some from Teck Wei and Tokyo Leasing (major player) https://www.sgcarmart.com/used-cars/listing?cts[]=15&limit=100&avl=a
- Some cars are not traceable yet. http://bakertilly.sg/news/receivers-appointed-over-58-vehicles-of-autobahn-rent-a-car-pte-ltd
Now imagine a few hundred PHVs missing on the road, Singapore Airshow's AMDK cannot hire enough Alphards to ferry them around.![]()
More collapse better lah, hopefully can bring down COE prices.