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Thread: Let's bring down the price of COE together

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    Tyrian
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    Default Let's bring down the price of COE together



    With the tightening COE supply by the government, COE prices are feeling the pressure by going upwards.

    Every 2 weeks or so, when the COE results are announced, all we know are the final results of the COE payable. However, has anyone tried following the trend of the COE and how prices move?

    I've took the initiative to monitor COE price movement for the last 40 minutes before the bidding ends and found surprising results

    What i've done is to collect screenshots of the live COE bidding results which ended a few days ago and keyed into excel. From there, a scatter graph is done.

    My conclusion is, we all only need $1 to outbid the other bidder, not $1.5k extra.

    I hope everyone can play a part by bringing down COE prices and not let the bike/car shops who bid on our behalf just to meet their sales target.

    PS: im not sure how to upload my excel file using the forum controls. im only able to do screenshots.
    Attached Images Attached Images
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

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    Tyrian
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    Cat A analysis

    There are bidders who bid at 9k, 10k+.

    Steep gradients represent high bidding price. As in the next bidder places a much higher bid than the previous bidder.

    after 50k, bids seems to have a gentle gradient, which shows that people are willing to pay around 60k+ range of Cat A COE before the gradient becomes nearly flat.

    from the graph, it is apparent that the steepest gradient happens between $0 and 10k, and between 20+k and 45k+. This shows that no one is bidding in that range

    there are different expectations among bidders. the lowest bid captured is a as low as 9k. with the final bid price stands at 68k, it is clear that some bidders are willing to pay a high price just to secure a Cat A COE while some are just trying to see if it can be a low price.

    Price A.jpgQuota A.jpg
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

     

     
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    Probably bidded by car dealers, because they can pass on the cost to the consumers mah.

    If bidding for their own use, you think they will bid so high mare?
    Bid a few hundreds dollars already stop liao loh.
    Motorcyclist are the nicest people on the road, try not to kill us.

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    yatan73-regok
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    Quote Originally Posted by Tyrian View Post
    With the tightening COE supply by the government, COE prices are feeling the pressure by going upwards.

    Every 2 weeks or so, when the COE results are announced, all we know are the final results of the COE payable. However, has anyone tried following the trend of the COE and how prices move?

    I've took the initiative to monitor COE price movement for the last 40 minutes before the bidding ends and found surprising results

    What i've done is to collect screenshots of the live COE bidding results which ended a few days ago and keyed into excel. From there, a scatter graph is done.

    My conclusion is, we all only need $1 to outbid the other bidder, not $1.5k extra.

    I hope everyone can play a part by bringing down COE prices and not let the bike/car shops who bid on our behalf just to meet their sales target.

    PS: im not sure how to upload my excel file using the forum controls. im only able to do screenshots.
    Can you elaborate on how to use $1 to outbid others?
    Recommended "Must Read" Post:

    How to "Live" with a Motorcycle in Singapore, a very detailed guide
    http://www.singaporebikes.com/forums/showthread.php/325894-lt-Info-gt-Silverwing-400cc-600cc-Tech-Corner

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    Tyrian
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    Quote Originally Posted by yatan73-regok View Post
    Can you elaborate on how to use $1 to outbid others?
    there's no way to outbid them using the $1 strategy

    the only strategy to bring down the COE price is to change the mindset of consumers that it is uncool and unwise to pay so high for COE, which only leds to higher cost of car ownership and more revenue for banks as interest.
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

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    Tyrian
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    Quote Originally Posted by Silent Hunter View Post
    Probably bidded by car dealers, because they can pass on the cost to the consumers mah.

    If bidding for their own use, you think they will bid so high mare?
    Bid a few hundreds dollars already stop liao loh.
    yes, the reason why car dealers are bidding so high is because the consumer allows them to do so.

    anyway, if we look at cat D COE, i wonder who is the dealer who bids so many COE during the lsat 2 min.
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

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    MR BIKER
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    Quote Originally Posted by Tyrian View Post
    yes, the reason why car dealers are bidding so high is because the consumer allows them to do so.

    anyway, if we look at cat D COE, i wonder who is the dealer who bids so many COE during the lsat 2 min.
    Obviously its not our standard bread and butter riders where 50c also, can also lowball. so its probably the megarich guys who buy the ducati or HD or MOST probably the big shops.

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    Tyrian
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    Quote Originally Posted by MR BIKER View Post
    Obviously its not our standard bread and butter riders where 50c also, can also lowball. so its probably the megarich guys who buy the ducati or HD or MOST probably the big shops.
    true , megarich is one thing. it may be considered small change to them but still, consumer mindset needs to change

    we need to change our mindset that paying high COE is stupid.

    we can't control the supply of COE, we can change our expectation by shifting demands. but we definitely can change the way we look at COE prices.

    remember, paying a high price for a piece of COE is giving more money to the government and also interests to banks. we can save these money for other uses instead.
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

  9. #9
    shahrul_azmil3
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    How do we do that exactly?

    When its time come, coe need to be renewed. Whatever the price is, it still need to be renew. Since used bike is usually a ticking down clock. Cant wait n see when the time comes.






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    we do not bid for a COE for used bike. we pays the average of past 3 months bidding results instead.

    bidding for COE is only needed for new bikes.
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

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    if you guys got take note, many company buy bike for their worker to run around and i guess those are the one who drive the bike COE till so high.

    eg: ntuc insurance biker, mc rider, LTA offcer rider and many other company..
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  12. #12
    shahrul_azmil3
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    Quote Originally Posted by Tyrian View Post
    we do not bid for a COE for used bike. we pays the average of past 3 months bidding results instead.

    bidding for COE is only needed for new bikes.
    Oh. . . . .






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    Change of mindset? About as likely as asking for COV to come down. As long as there are people who want such-and-such items here and now, they'd be willing to pay.

    And, not that COE is the perfect solution, but if everyone could afford cars cheaply. *shudder*

    Then people will complain that roads too congested.

    Then they will widen roads etc. Eat up land space.

    Then people will complain housing lagi more expensive.


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    There has to be a way man...
    Motorcyclist are the nicest people on the road, try not to kill us.

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    shahrul_azmil3
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    Looks like its small or old car for me then.






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    Aprilia sr max 300 I.e


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    I don't see how we consumers can bring down COE price, since most prefer to ask their dealer to bid on the COE and not bid on their own.

    When people are rich, they can pay any price they want. The only time when I see COE price dropped is during an economic recession.

    For those interested, here's a motorcycle PQP snapshot of the past 10 years I'm monitoring for fun.
    PQP.jpg

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    Tyrian
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    the reason why people pay high price for these COE is because they allow it to happen. they are happy with paying 1.5-2k of for a piece of cat D COE

    people failed to realise that we can make a difference in the way things are happening right now, that is to change the mindset that paying more for COE doesn't equate to value.

    if things continue to be the way it is, the gahments, banks and dealers are laughing all the way to the bank. consumers are the one who lose out and when the next recession hits, people will feel dumb paying so much for it.

    we can't change the supply of COE, we can't control market demand but everyone can believe in people power.
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

  18. #18
    shahrul_azmil3
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    Yeahhhhh!!!! People power! !!!

    But till now i nvr buy new first hand vehicals so i really do not play a part.






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    Honda super4 ver s - yamaha rxz 135
    Honda cbr 600 rr
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    Aprilia sr max 300 I.e


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    Quote Originally Posted by shahrul_azmil3 View Post
    Yeahhhhh!!!! People power! !!!


    Azmil Sempit
    Yeah rite !

    Unfortunately, in Singapore, when I outbid you by $1, that's power !

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    Quote Originally Posted by Demon View Post
    Yeah rite !

    Unfortunately, in Singapore, when I outbid you by $1, that's power !
    and that's why people are so dumb. people who bid high for COE is telling the whole world they are dumb enough to pay more money for a 10 year lease of vehicle from the government whereas other people doesn't do that.

    i have no issues with people who are willing to pay more. that's because these people move the economy, and provide more businesses to the bank.

    and i dont blame them coz its the good economy lookout that makes them behaves this way. they have been conformed to the norms of the society. and the norm is when u r rich, u spend more than what u can afford.

    we are smart people. we can bring down the price of COE together if we can set a target price $1 per bid. Technically, there is a way for us to use the $1 method, but it will never work in SG.
    05.04 - 08.04: Honda Wave S (FV)
    08.04 - 05.09: Honda Version S (FP)
    09.08 - 08.10: Honda ESi 4dr (SBV)
    04.11 - 02.12: Ducati 749 (FY)
    05.09 - 07.14: Honda Wave X (FBD)
    07.14 - 09.15: Yamaha Tmax 530 (FBH)
    11.13 - 09.15: Honda City (SGA)

    09.15 - Current: Honda Jazz (SKV)

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    there's always the possibility.

    I wouldn't to go so far as to call them dumb.

    Then again, if people here could ever adopt that mentality, then there would be no one paying COV. There would also be no one sending their kids to tuition.

    It's the same ol same old "gotta have before you, mine's gotta be bigger than yours, gotta be better than you" mentality which drives competitiveness at work here.

    That being said, of course not everyone in Singapore subscribes to that kind of thought process. Them, gotta be happy with what they got then I suppose. Happiness is as you make it.

    Of course, can always blame the dealers. If one shop guarantees you COE, whilst the other tells you to wait till $1 COE comes around, no prize for guessing which one most would go for. So the shops just bid bigger. Cuz people, if they have the means to, will just pay them more to get it here and now.

     

     
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    F! Them all lah! If got money I am going to teach all these greedy dealers a harsh lesson they will not soon forget!
    I am going to bid the MAX amount for ALL the COEs every month, after 1 year then stop, then sell all the 9 year left COEs at twice that price! See how many dealers can take it selling no cars for 1 year.

    KNN.Want to play might as well drive up all the way for them lah!
    Then 3 things will happen.

    1. Most people really cannot afford cars liao. Imagine I go and bid COE at $150,000, sell at $300,000. Price of most cars will be more expensive than 3 room flats.
    2. Government kena screwed left and right for not being able to get the roads less congested, despite such hideous COE prices and might be forced to scrape the COE idea since it will be an election year after that.
    3. When I stop bidding the next year, COE drop like mad and there will be many $1 COE again.
    Motorcyclist are the nicest people on the road, try not to kill us.

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    they will just scrap the car and get back the PARF and balance COE value back if the current COE is lower than what their car's COE is worth.
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    Quote Originally Posted by Tyrian View Post
    and that's why people are so dumb. people who bid high for COE is telling the whole world they are dumb enough to pay more money for a 10 year lease of vehicle from the government whereas other people doesn't do that...


    ... they have been conformed to the norms of the society...

    we are smart people. we can bring down the price of COE together if we can set a target price $1 per bid. Technically, there is a way for us to use the $1 method, but it will never work in SG.
    i am glad that there are still some sensible people out there in the current wave of maddening crowd of insane COEs & COVs ( what's with the ...Cee.hOr.Garmen??? )

    1) in 2002 ( 10 years back ), there was $1 COE for bikes, i know cause i renew my Previous bike's COE for $13 ( no typo, there are no 0s at the end )

    2) problem is many ahem...FTs & many Singaporeans also do not bother to understand the COE system. i once had to explain the bidding system to a bike salesman working in a shop! many bikers i come across in real life do not even know how the price is determined, ahem new comers dunno & just pay, local-born ones too shy to admit & ask & pay n pay. Face saving is more important than saving money? i am amazed by such widespread ignorance about the system.it is this widespread misunderstanding that indirectly allows so many price manipulation by you know who.

    3) actually the system is very very very simple, really! anybody wants to know can just go call LTA or check website to find out, if people can't be bothered to find out even when prices are so high, then how can they save themselves? facepalm, personally i am so disheartened long time ago already, give up!
    Last edited by bruce71; 19-09-2012 at 12:58 AM.
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    MR BIKER
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    In the olden days when a group of people (or a person) planned to make changes they had a gathering and quietly discussed the matters. Not we bring this up on the 'WHOLE WIDE WORLD" page and everyone can see. everyone?? yes??? who??/ who else. so how to bring price down?? surely they will counteract lah!!! correct or not??

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    Quote Originally Posted by MR BIKER View Post
    In the olden days when a group of people (or a person) planned to make changes they had a gathering and quietly discussed the matters. Not we bring this up on the 'WHOLE WIDE WORLD" page and everyone can see. everyone?? yes??? who??/ who else. so how to bring price down?? surely they will counteract lah!!! correct or not??
    Precisely. All "they" need to do is say "sorry ah, due to our forecast, blah blah, too many vehicles on the road, COE quota slash". Prices go back up.

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    the only way to influence the COE price is from a large group of bidders putting in high bid prices. which was what a group of dealers recently did, got called up for investigation possibly getting fined for it, for those who read news.

    small group of people or citizens putting high bids, no effect. large group of people or citizens, you rally them to all put low bids oso will have no effect. i have read several versions of the $1 bidding technique, none of which will work but ppl believe they work because they misunderstand the system just like what bruce71 said. and yes the system is dam simple to understand.

    It's true: it's more fun to ride a slow bike fast than to ride a fast bike slow. Admittedly, though... It is MOST fun to ride a fast bike fast!

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    Allow me to explain how my $1 technique works

    When buying new bikes, tell bike shop we only willing pay $1 for COE. Anything more than that we dont buy from bike shop.

    Now, when everyone does that, shop have no business. When they have no business, they cannot survive (unless they can survive on 2nd hand bike sales alone).

    So in order for the shop secure your business, coz everyone will not pay more than $1 for COE, bike shop will pay $2 for COE and charge u $1 for it.

    Done deal.

    now, the rich monkeys will pay $2, $3 and $4 for COE. this is how it will never work.

    Back to my point, we need to change the mindset that paying high COE is dumb. Its just like buying a bottle of engine oil at $100 per bottle when it only cost $20 per bottle.
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    Sounds good. Now, educate them all to also refuse to pay COV for HDB. At the same time, don't patronise shops which raise prices for non-essential items by 5c. people power eh?

    Heh. As long as there are rich buggers out there willing to pay for the bike. Or people who decide to COI for long period (so as to diminish the visible effect of an increased COE, assuming a 2K coe with 7yr x 6%, that's only $10 more per mth as compared to if COE was $1, naturally, this is for bikes, not cars).

    Or, people who switch from cars to bikes.
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    I really got go and compare prices one.
    Ya, I know I cheapskate. Kiam Siap Gui.
    But if prices go up by 10c I really will go somewhere else buy, or wait until got sale then buy.
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    sianz... need to renew coe this mth for my vespa
    wish there is a weekend scheme for bikes!
    Liverpool revival has started....

     

     
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    Time to predict COE prices after new MAS regulation

    Prediction: COE at $1500 to $1700 due to

    1) longer waiting period from 2 to 3 weeks


    COE.JPG
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  33. #33
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    Quote Originally Posted by Tyrian View Post
    Time to predict COE prices after new MAS regulation

    Prediction: COE at $1500 to $1700 due to

    1) longer waiting period from 2 to 3 weeks


    COE.JPG
    Yea should be around this range
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    Another bike Coe expiring.. Maybe just renew 5 yrs for my phantom.
    Liverpool revival has started....

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    I think, it is very reasonable for bike COE to be about $2000-3000 range

    it's more important that COE prices remain steady, than swinging.
    at least market can be stable and finances can be planned better.

    dont waste time thinking of how to get COE prices down.
    the nature of the scheme just doesnt allow it to happen.
    even if it does,market forces will just drive it back up.
    Look at property, cars, watches, branded goods, even yong tau foo at foodcourt.

    Be ready to pay a certain sum of money for a certain level of material.
    Singapore is no longer what it was in the 90s.

    dont get me wrong, i'm not happy about it either, but just trying to wake you guys up to reality.
    Last edited by Throttle; 19-05-2013 at 10:44 PM.

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    But throttle, isnt it weird that the market is like that. dont you think , it is being played by certain group of people who is capable of paying that amount of money. what happen if these people decide one day to bid 10k for a bike coe?? yah you are right, then many people will not buy bikes and bike shops will then sell leftover secondhand bikes or bikers wil just stop riding (which will be almost impossible )
    its just TS and others are trying ways to find ways to help to bring the price down. just trying. most definitely can never go back to $1 but at least 1k?

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    IMHO as long as COE remains 10-20% of total bike price is pretty reasonable. Not as though like car like that 50% or more.
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    Quote Originally Posted by Throttle View Post
    I think, it is very reasonable for bike COE to be about $2000-3000 range

    it's more important that COE prices remain steady, than swinging.
    at least market can be stable and finances can be planned better.

    dont waste time thinking of how to get COE prices down.
    the nature of the scheme just doesnt allow it to happen.
    even if it does,market forces will just drive it back up.
    Look at property, cars, watches, branded goods, even yong tau foo at foodcourt.

    Be ready to pay a certain sum of money for a certain level of material.
    Singapore is no longer what it was in the 90s.

    dont get me wrong, i'm not happy about it either, but just trying to wake you guys up to reality.
    bo pian , u ish elite wan hahahah
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  39. #39
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    Quote Originally Posted by wait4me View Post
    bo pian , u ish elite wan hahahah
    I am working class, no silver spoon, simi elite?
    Boh at least $30mil, how to be elite in todays context?

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    Quote Originally Posted by Throttle View Post
    I am working class, no silver spoon, simi elite?
    Boh at least $30mil, how to be elite in todays context?
    u have 3m at least lo ..

    your hobbies are my annual pay liao hehehehhe
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    I think coe price is okay for now. sometimes i see those very bad condition bike still on the road, if coe is very cheap they can just renew COE on the bad condition bikes, and it is quite dangerous on the road. I wonder how they pass bike inspection.

     

     
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    Around 1 in 10 residents owns a car here at Singapore according to wiki. So say for instances if there are 500,000 cars in Singapore and each COE cost them 60k on a cheap calculation
    The government would had collected 500,000*60,000=$30,000,000,000, worth of money selling papers.


    So I was always wondering, where did the money we paid for the COE(This 30 billion) went to? What are they used for? Thats already about half of bill gate.

    Also I dont understand how they can convince at least half of the population with this extremely obviously flawed system by rewarding whoever that pay them the most to use the Singapore road. Singapore belongs to all Singaporeans and everyone are entitled the rights of ownership. The government may had planned the building of the roads, but it is the people that finance the building of the road. Thats common sense, for being Singaporean the road are actually owned by you in another sense.

    I say this flawed system is just an excuse to earn more money out of the people. Well sucks the previous generation are very supportive and obedience and doesn't really had a voice of their own since Lee(s) are like the supreme gods in their mind and let them decide on it, from what I noticed among mine relatives, they perceived people who are well english educated as better and more capable people alot more vigorously than people of mine generation. Government are well english educated, they are chinese/little educated. Hence they listen and follow whatever the government said without much questioning.

    If there is a system where cert must be given to be eligible to use the road, I will simply use a simple queuing system where everybody should had noticed since at our primary school canteen.
    When there is a canteen stall that sell extremely delicious chicken rice, what happen is the queue will just simply got really long everytime during recess because of the demand. Well, just simply spend more time queuing then, since theres a limit how much plate of chicken rice the auntie can serve at a time.
    How this queuing system work is you will send an application form, and simply wait for the queue isn't that way more simple and fair?
    Every month the government will just simply give out 5000 of this cert on first come first serve basis. The earlier you fill up the form, the earlier your waiting date is.
    And by doing this the effect would be the same, the number of the cars are the same, for every 5000 additional new cars every month, 5000 additional old cars COE had expired.

    Then again the government would lost their opportunity to make money. Since they does not ever gave a proper explanation to the people where did the money went to, why are people still on agreeable terms with the COE system thing, and what exactly cost 30billion? IMO it isn't even suppose to make us pay more than $10. The reason why I would pay $10 is for the quality of the paper and the ink.
    Why and how exactly did the COE system start? What exactly are people in the past thinking? Just why are people arguing that COE should be cheaper, if you really want to protest, on an ethical approach, this COE are taking your money without a valid reason in the first place. The controlling car reason is just a mask, the core reason behind the COE system is obviously, government grand money making plan. Where the money went for good or bad? I'm just amazed people are still more engrossed to argue to lower the price more than finding the reason out. People in the past really think differently. Even mine father say the same thing too and he never ever wondered where the money went to, everyday hes just complaining with relatives that the price went up or goes down like you. lols

    Then again it had become a tradition after so many years and its now unlikely to get revamped unless it got under some tremendous controversy by the big personal. But won't happen, its already part of Singapore. To me its a trademark of Singaporean willingness to give in their everything for their respected leaders, their hero who bought them out of poverty. its definitely nothing for the good of singapore well-being.


    btw
    this current existence system also reminds me of the some ridiculous medieval age game in wc3 like 8 years ago, where the warlord actually made the peasant pay tax in the amount of their own choice, then after he collected the tax, he will note down the peasant that paid him the least tax and execute him, the game continues until one peasant is left, and the player behind the last peasant is the winner. its ridiculous of course for the peasant but the governing system is there for the warlord's well-being. the game is a minigames map called urther party.
    Last edited by guangwei; 24-05-2013 at 05:14 AM.

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    double post
    Last edited by guangwei; 24-05-2013 at 04:32 AM.

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    Guangwei, it only works your way if the resource is abundant and the need is not a want.
    in the case of a car and limited land in Singapore, it's not so simple.
    however i agree, there are certainly better ways to handle the COE isuue as we have discussed over the years.

    you are not wrong about the game.
    even at work, it's survival of the fittest.
    If i pay you $15k per mth and you produce always less than the other people whom i also pay $15k, (hypothetically all else equals) what do you think i will do as the Boss?

    1. Cut your bonus
    2. Cut your bonus
    3. Cut your bonus

    Therefore, it is a situation right here in Singapore.

    The only stupid thing is the speed at which inflation has accelerated over the last 10yrs.
    And it's clearly due to the higher numbers bringing higher demand.
    too high number, too short time leads to a bottleneck.
    we dont need scholars to tell us that. Worse still, they couldnt even forecast! Haha.
    of course, without being one sided, Singaporeans gained as well when their assets increase in prices.
    so there is a trade off and we need to balance our assessment of the situation

    Bottomline, 100% affordable education, housing and public transport are three key elements for a successful nation. Whatever is private like non public housing, non public education and non public transport, is a contest of ability. That is meritocracy.

    The best way in my opinion is still to fix the price of COE maybe at $30k and allow fluctuations according to inflation Or GDP. So everyone pays the same price in line with the general growth of the country.

    couple this with full cash payment for COE and 50% down payment for vehicle price.
    It will set a good baseline standard although, i dont think there lies a system without flaws.

    at the end on the day, my only wish is that we as a nation grow for right reasons


    all the best

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    I believe we are partly to be blamed for the increasing prices of COE. The typical lifespan of a car in Singapore is/was 2-3 years where the depreciation graduals so car owners trade up or down, whatever it is, each time this happens, a NEED for COE is introduced in an individual and this propagates into the probability that he/she will be willing to pay that little "extra" to get the COE he/she needs to get that car.

    Now just take a walk around licensed warehouses where cars are marked for export and you'll see what I mean. You see '11 458s, LP560s all lined up waiting to be exported.

    But, with that said, this 'culture' is also due to the concept of COE pegging the lifespan of a car in SG for 10 years, directly affecting the value of the car so- back to square one.

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    Long ago, a car's lifespan (exclude those involve in major accident) can go up to 30 years.(consider my Datsun 100A) without much problems.no issue of bad fc or dirty exhaust. for its almost 30 yrs life, it actually went almost 250k km Nowadays cars are equipped with so many gadgets and what not and thus more problems prompting owners to buy and sell 2 to 3 years later and let the next owner solve that problems.
    THIS IS ABSOLUTELY NONSENSE. if you go many countries like Malaysia , Indonesia, old cars are using their old machine born in the 60s and 70 and modify them to suit the environment and FC.
    Our government is just using our kiasu mentality to change whenever problems come and thus changing cars. COE should be charged more for people who this way.???

  47. #47
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    Quote Originally Posted by MR BIKER View Post
    Long ago, a car's lifespan (exclude those involve in major accident) can go up to 30 years.(consider my Datsun 100A) without much problems.no issue of bad fc or dirty exhaust. for its almost 30 yrs life, it actually went almost 250k km Nowadays cars are equipped with so many gadgets and what not and thus more problems prompting owners to buy and sell 2 to 3 years later and let the next owner solve that problems.
    THIS IS ABSOLUTELY NONSENSE. if you go many countries like Malaysia , Indonesia, old cars are using their old machine born in the 60s and 70 and modify them to suit the environment and FC.
    Our government is just using our kiasu mentality to change whenever problems come and thus changing cars. COE should be charged more for people who this way.???

    Its all about materialism today

    eg. You drive old car ? You drive secondhand car? Eeeeeeeeee....
    eg. Aiyoh, you got a good job, how come you got no car.

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    Hhahahahha. true, so true

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    Quote Originally Posted by MR BIKER View Post
    Long ago, a car's lifespan (exclude those involve in major accident) can go up to 30 years.(consider my Datsun 100A) without much problems.no issue of bad fc or dirty exhaust. for its almost 30 yrs life, it actually went almost 250k km Nowadays cars are equipped with so many gadgets and what not and thus more problems prompting owners to buy and sell 2 to 3 years later and let the next owner solve that problems.
    THIS IS ABSOLUTELY NONSENSE. if you go many countries like Malaysia , Indonesia, old cars are using their old machine born in the 60s and 70 and modify them to suit the environment and FC.
    Our government is just using our kiasu mentality to change whenever problems come and thus changing cars. COE should be charged more for people who this way.???
    Bro, that's where the LTA comes in, if its not stock, its illegal, thats why they have to change or they will have to deal with fines after fines. Considering you can find the original parts, if not, you'll have to use aftermarket.

    All planned by the govt to skive you out of every single cent you have. Put COE so people change cars every so often, make COE damn high so they earn from it and control the number of cars as well, have LTA make everything that isn't stock illegal for spare change as well as make people sell or scrap old cars.

    If we could only apply the COE logic to ministers.

  50. #50
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    at the end of the day, if someone has a better idea of how to control the car population rather than COE, lets hear it. i dun like paying for that piece of paper with a price tag twice the price of the actual car i'm buying, but lets face it: we all want to buy car, but if we are all allowed to buy car, the road becomes unusable. whoever dun acknowledge the real problem of traffic congestion is just in denial.

    the COE system limits the number of cars purchased, period. even if you point out that LTA miscalculate past few years and admit too may COE's released (thus causing current sky-high prices), be aware that essentially that is a calculation mistake, not a systemic flaw.

    so what other method do we have? all i can think of is to peg COE to per household rather than by capacity. 'CAT A' is for a household's first car, 'CAT B' is for the household's second car. So even if husband and wife and one adult son/daughter (staying in the same housing unit) all got class 3, they either make do with one car for entire family, or bid utra-high 'CAT B' for a second or third car. after all what's the point of pegging the category to capacity? for car control, one family forced to use a single big capacity minivan better or two/three small cars better? penalize the households getting second and third cars, not the ones buying bigger cars.

    but whatever method you think of, bear in mind this: any effective method you propose necessarily means that a significant portion of us will not be able to buy car, because that is the whole point of car population control. we cant all be getting cars because then the road is too congested. the only issue is can there be a method where only some of us get to buy cars without resorting to increasing the price of the cars.

    It's true: it's more fun to ride a slow bike fast than to ride a fast bike slow. Admittedly, though... It is MOST fun to ride a fast bike fast!

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