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View Poll Results: What is the reasonable price for a 10 years COE for motorcycle?

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  • Below $2,000.00

    129 79.14%
  • $2,001.00 to $3,999.00

    22 13.50%
  • $4,000.00 and above

    14 8.59%
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Thread: Latest Feb 2015 COE $5,540 that made the lower and middle income suffer more!

  1. #1
    safe&ins
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    Default Latest Feb 2015 COE $5,540 that made the lower and middle income suffer more!



    I saw the news last nite and was again shock with and increase of COE at $5,504.00! I had downgrade my transport from a car to a van and now a scooter for my daily needs due to lesser income to travel places that MRT and buses CAN'T reach in Singapore.The cost of living here is getting unnecessary high or highest for a low or middle income person to covered it! I was wondering why from a $1,500 to $1,700 COE that was 1.5 years ago can jump up to this ridiculous high, will these kill the Lower and Middle income person that need a transport and push them down the cliff!

    I'm about 50 and meeting end meet for a family is a problems with the unnecessary "HIGH COST OF LIVING HERE IN SINGAPORE" and low income, initially when I bought a second hand scooter COE was around $1,500 to $1,700 which I think is reasonable as even if I keep the scooter for another 10 years and renew my COE is around $2,000 if it increase. But now it has jump 3 times or more and by the time I renew it it may be 4 or 5 or 6 times more??????? Are they pushing too.... much? I'm think earning a living is so.... hard in Singapore to covered the unnecessary high cost increase, can the people survive or end up loosing hope, what will happen next?

    Look around our Singapore roads is there many motorcycle traveling around? Why the COE is so... HIGH? Will the COE be around $10,000 or more by 2 years time from now? If the government wants to control the increase of vehicles in Singapore they should NOT let any vehicles that is more then 20 years to renew the COE or every family should restrict to 1 transport with concession COE, the second vehicle from the same family with the same address should pay a higher COE, ERP, Road tax, Insurance and Carpark price!

    I was wondering how our future children going to living here? Work and work every day and night with low income for unnecessary high cost of living till they are 70 to 80 ..... Is your money enough to cover the High cost of living here or you have to work and work to cover high daily expenses?

    God bless Singapore!
    Last edited by safe&ins; 06-02-2015 at 07:17 PM. Reason: add text

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    Taken aback by the new coe price too...oh well, can't do anything either since we're living in sillypore.

     

     
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    virux
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    This is insane!!! 55xxx

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    choonie
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    2nd hand bike sellers are happy now

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    Quote Originally Posted by choonie View Post
    2nd hand bike sellers are happy now
    Dun be happy, sell high buy high or higher unless you dun need a transport any more!
    Who will benefit living here, is like the "GRAVEYARD HOLE" is digging Deeper and Deepest! Who will suffer?
    Last edited by safe&ins; 05-02-2015 at 01:25 PM.

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    ahwei-89
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    There is still a choice. Vote wisely to prevent further disappointment. =)

    2008 - Honda SP 150
    2011 - Honda CBR Fireblade 400 R Model
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    MR BIKER
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    Safebin, your exasperation has been voiced out by many forumers here in many other topics.
    1) you asked how come price increased . many factors involved. first motorcycle coe are allocated very very very little by our esteemed knowledgeable authority compared to cars and other vehicles. second, many old , old motorcycles renewed their coe long ago a few years back so not many coes left. worse many and many people renew their bikes for 5 years only. so i expect in the next 3,4 ,5 years many bikes will be completely scrapped. hopefully by that time, coe price will reduced.one thing i dont understand, will coe that are not taken be converted to car coe??
    2)as long as its money in their banks, whoever can afford vehicles just pay coe.
    3) not too sure if any other people in power beside "THEM" will also implement this . but whatever it is MONEY is in the mind.

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    safe&ins
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    Quote Originally Posted by MR BIKER View Post
    expect in the next 3,4 ,5 years many bikes will be completely scrapped. hopefully by that time, coe price will reduced.
    Look at existing for lower or middle income, who really need a low cost vehicle to earn a living or as a basic transport is important! Wait till 3, 4 ,5 years, COE reduced??? I don't have high hope, things that gone up will never comes down so easily!

    Without Prejudice: Maybe now I can see why there is so many Malaysia bikes using our road here working for fast food ...etc. and Singaporean lower income with bikes will have to stand aside as we pay for high cost expenses(living) here, what you earn can easily been eaten up daily, weekly, monthly or yearly! Sad to see these happened!

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    Motorbike coe is ridiculously and rubbish. The bike coe doesnt really service the purpose of traffic control, since when bikes choke up traffic flow? All these outdated policies are used to allowed government to manipulate their revenue and hurting its own people daily life. They are no longer serving the public, what public servant....they are calling themselves phew. really hope the election comes soon....a change is really needed.

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    Like I mention earlier:
    things that gone up will never comes down so easily!
    "GRAVEYARD HOLE" is digging Deeper and Deepest! Who will suffer?

    $1,500 to $1,700 COE that was 1.5 years ago Now $5,504.00 how many times more? Did your salary increase that fast or if you are doing small business can your bowl of noodle increase price that fast!
    Last edited by safe&ins; 05-02-2015 at 01:58 PM.

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    People kia shu so mati mati must bid higher, see the last few minutes to closing time at 4 pm, the COE from $1/-, shoot up to afew thousand dollars.
    Hello, are you there......

     

     
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    1999 when i renew coe for my bike is $980 , it alredy high for me....


    Sent from my iPhone using Tapatalk

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    Limsteel
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    Authority wants all to take public transport, but must understand that many places no proper transport link...

    Like my "somebody" stay SengKang, planning to work CCK there is no efficient bus service. Daily need 2hrs public transport, 4hrs on the road and worst mostly packed, and need to stand... Cant even take a nap. So decided not to take the job
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    It keeps going up because the people in Parliament does not ride nor are they affected by the COE. Highest COE I paid was 800+. It was already high for me.
    KRGT-1
    I want to ride my bicycle I want to ride my bike..I want to ride my bicycle I want to ride it where I like..

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    BTW What is the actual normal basic bike cost?

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    Bikes generally DO NOT cause jam on our roads. But woodland and Tuas checkpoint. Who are they??? If you look at other countries, a say Honda Silverwing 400 cost about S$9000. ok lah factor in import tax 1k . so by right it should cost 10k. but because of our coe and incredible interest, most people when buying that bike after 5years, will cost them almost $20k. so many owner after owning 2 year after buying brand new will sell it at around $18-19k.
    SO imagine a class 2b bike. should cost only 8k now will be around 13k.
    ITS SO DAMN STUPID. i hope all the despatch riders and uncle will know what todo in 2016

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    Right now the COE prices are a direct effect of the car and bike dealers putting in stupid and desperate bids to secure their sales. No doubt that the Govt has a hand in influencing the prices by playing with the supply against the demand.

    When you purchase a vehicle, you sign that contract and put down the deposit. The dealer then tells you that he will factor in a certain amount as the COE. That amount is probably based on the average value in the last couple of month. If it was 900, then 1300, he'll prob put in 1K. Right now, with the COEs in the 4000 to 5000 region, a dealer will price it at 5K average. Then he'll place his bid anyway. If you get the COE under 5K, he'll refund you the difference. If over, you top up the diff. Then you settle your DP.

    Thing is, the dealers and their salesmen want to make the sale, and will be willing to place stupidly high bids just to close the deal. YOU are the sucker. The dealers are the one inflating the COE premium because of their panic bidding response to supply being cut. That was what happened a few months back when LTA cut the supply by 25%. They bid higher, wanting to make sure they got the COE to cover their sales. It's not going down because the average value has gone up. Unless you get a fluke situation where there are less bids than the actual supply, and some lucky mofo puts a bid of $1.

    So who to blame for high COEs? Put simply. Bike dealers.

    Why don't the ppl who're buying bikes here start telling the dealers "I'm only willing to pay COE $1K max. Any more, fcuk the deal." Don't sign on the sales contract unless they add that in writing.


    At this point, some of you will be thinking... "But COE goes to Govt. The dealers don't get the 5.5K what....."

    Yes, and no. You ALWAYS have a downpayment you're willing to pay. Let's say 5K on a 16K bike (not incl COE).
    If the COE is at 1K, then the total price will be 17K (insurance let's not include yet ok?)
    You DP 5K, and your loan quantum will be 12K.

    Now if the COE was at 5K, the bike is gonna be 21K in all. Your loan quantum: 16K.

    The Govt gets the 5K, but the shop/finance is gonna get the interest out of that because you took a larger loan.
    So who says that they don't earn more from higher COEs??


    The Govt has got to disallow dealers from bidding for COEs. Make the buyers log into the system themselves and place the bid instead. Only then will COE premiums start to fall. Because as buyers ourselves, we will not place stupid bids. The dealers don't give a crap about us. They're just interested in the sale. And you, the buyers, have to tell them "Fcuk off"

    When you go out to buy a new bike today, or tomorrow. Go ahead and tell your dealer "I only want to bid COE max 1K, or else I'm not signing"
    See what they say. If everyone does it, see how the COE goes.

  18. #18
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    Quote Originally Posted by DeusExMachina View Post
    Right now the COE prices are a direct effect of the car and bike dealers putting in stupid and desperate bids to secure their sales. No doubt that the Govt has a hand in influencing the prices by playing with the supply against the demand.

    When you purchase a vehicle, you sign that contract and put down the deposit. The dealer then tells you that he will factor in a certain amount as the COE. That amount is probably based on the average value in the last couple of month. If it was 900, then 1300, he'll prob put in 1K. Right now, with the COEs in the 4000 to 5000 region, a dealer will price it at 5K average. Then he'll place his bid anyway. If you get the COE under 5K, he'll refund you the difference. If over, you top up the diff. Then you settle your DP.

    Thing is, the dealers and their salesmen want to make the sale, and will be willing to place stupidly high bids just to close the deal. YOU are the sucker. The dealers are the one inflating the COE premium because of their panic bidding response to supply being cut. That was what happened a few months back when LTA cut the supply by 25%. They bid higher, wanting to make sure they got the COE to cover their sales. It's not going down because the average value has gone up. Unless you get a fluke situation where there are less bids than the actual supply, and some lucky mofo puts a bid of $1.

    So who to blame for high COEs? Put simply. Bike dealers.

    Why don't the ppl who're buying bikes here start telling the dealers "I'm only willing to pay COE $1K max. Any more, fcuk the deal." Don't sign on the sales contract unless they add that in writing.


    At this point, some of you will be thinking... "But COE goes to Govt. The dealers don't get the 5.5K what....."

    Yes, and no. You ALWAYS have a downpayment you're willing to pay. Let's say 5K on a 16K bike (not incl COE).
    If the COE is at 1K, then the total price will be 17K (insurance let's not include yet ok?)
    You DP 5K, and your loan quantum will be 12K.

    Now if the COE was at 5K, the bike is gonna be 21K in all. Your loan quantum: 16K.

    The Govt gets the 5K, but the shop/finance is gonna get the interest out of that because you took a larger loan.
    So who says that they don't earn more from higher COEs??


    The Govt has got to disallow dealers from bidding for COEs. Make the buyers log into the system themselves and place the bid instead. Only then will COE premiums start to fall. Because as buyers ourselves, we will not place stupid bids. The dealers don't give a crap about us. They're just interested in the sale. And you, the buyers, have to tell them "Fcuk off"

    When you go out to buy a new bike today, or tomorrow. Go ahead and tell your dealer "I only want to bid COE max 1K, or else I'm not signing"
    See what they say. If everyone does it, see how the COE goes.
    DEALERS :

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    kaiq
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    Agree. We need to stop the mentality of "must have a bike tomorrow" - just get a second hand bike from the open market...

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    Quote Originally Posted by DeusExMachina View Post
    Right now the COE prices are a direct effect of the car and bike dealers putting in stupid and desperate bids to secure their sales. No doubt that the Govt has a hand in influencing the prices by playing with the supply against the demand.

    When you purchase a vehicle, you sign that contract and put down the deposit. The dealer then tells you that he will factor in a certain amount as the COE. That amount is probably based on the average value in the last couple of month. If it was 900, then 1300, he'll prob put in 1K. Right now, with the COEs in the 4000 to 5000 region, a dealer will price it at 5K average. Then he'll place his bid anyway. If you get the COE under 5K, he'll refund you the difference. If over, you top up the diff. Then you settle your DP.

    Thing is, the dealers and their salesmen want to make the sale, and will be willing to place stupidly high bids just to close the deal. YOU are the sucker. The dealers are the one inflating the COE premium because of their panic bidding response to supply being cut. That was what happened a few months back when LTA cut the supply by 25%. They bid higher, wanting to make sure they got the COE to cover their sales. It's not going down because the average value has gone up. Unless you get a fluke situation where there are less bids than the actual supply, and some lucky mofo puts a bid of $1.

    So who to blame for high COEs? Put simply. Bike dealers.

    Why don't the ppl who're buying bikes here start telling the dealers "I'm only willing to pay COE $1K max. Any more, fcuk the deal." Don't sign on the sales contract unless they add that in writing.


    At this point, some of you will be thinking... "But COE goes to Govt. The dealers don't get the 5.5K what....."

    Yes, and no. You ALWAYS have a downpayment you're willing to pay. Let's say 5K on a 16K bike (not incl COE).
    If the COE is at 1K, then the total price will be 17K (insurance let's not include yet ok?)
    You DP 5K, and your loan quantum will be 12K.

    Now if the COE was at 5K, the bike is gonna be 21K in all. Your loan quantum: 16K.

    The Govt gets the 5K, but the shop/finance is gonna get the interest out of that because you took a larger loan.
    So who says that they don't earn more from higher COEs??


    The Govt has got to disallow dealers from bidding for COEs. Make the buyers log into the system themselves and place the bid instead. Only then will COE premiums start to fall. Because as buyers ourselves, we will not place stupid bids. The dealers don't give a crap about us. They're just interested in the sale. And you, the buyers, have to tell them "Fcuk off"

    When you go out to buy a new bike today, or tomorrow. Go ahead and tell your dealer "I only want to bid COE max 1K, or else I'm not signing"
    See what they say. If everyone does it, see how the COE goes.
    Will keep that in mind.
    KRGT-1
    I want to ride my bicycle I want to ride my bike..I want to ride my bicycle I want to ride it where I like..

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    safe&ins
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    I don't think a very basic 2B bike will cost more then today COE at $5,504.00!
    For those who need a basic bike are basically those lower income family, these are people who will suffer from unnecessary HIGH COE!
    Buying a second hand bike is also high if COE price is higher each time unless the COE drop real low!
    I full agreed the buyer should do the bidding of COE themselves instead of let the Car or bike dealers do it as they don't bother how high the COE goes, buyers and those renew COE is paying for it! Who cares!
    There should have a SOLUTION(s) for COE if they want to do it but we are not the Authority to decide.
    Last edited by safe&ins; 07-02-2015 at 12:32 PM. Reason: COE amount is $5,504 now NOT &5,540.00

     

     
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    According to the PAP and its goons, COE is supposed to control congestion, so to satisfy that statement, why not a monthly 'Congest the road' where all participating bikers don't filter, don't share lanes, just act like a car, we paying for congestion might as well cause it, no?

    Or you can always migrate, looking at Singapore, if people don't get their **** together, the poor will get poorer, the rich will get richer, hell most people living in condos aren't even Singaporean.

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    Quote Originally Posted by safe&ins View Post
    I don't think a very basic 2B bike will cost more then today COE at $5,540.00!
    For those who need a basic bike are basically those lower income family, these are people who will suffer from unnecessary HIGH COE!
    Buying a second hand bike is also high if COE price is higher each time unless the COE drop real low!
    I full agreed the buyer should do the bidding of COE themselves instead of let the Car or bike dealers do it as they don't bother how high the COE goes, buyers and those renew COE is paying for it! Who cares!
    There should have a SOLUTION(s) for COE if they want to do it but we are not the Authority to decide.
    Actually bike shops do earn from COE, car shops too, they earn it from interests.

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    Quote Originally Posted by Jehuty View Post
    Actually bike shops do earn from COE, car shops too, they earn it from interests.
    If buyers can do their bidding themselves, they will feel the pinch if they keep bidding higher and higher, normally as a buyer won't not wish to pay high price for COE unless they are not the genuine one! Who wants to pay more and more? Anyone? Everyone will have a limit for what they pay but not over paid for a 10 years COE!

    For example: if I paid my COE now is $500.00 the next 10 years I only expect $1k to 1.5K but I will not more than $5,000.00. BTW I bought my second hand bike on end 2013 COE is $1,700 but today early 2015 is $5,504.00 is that too much and my COE is going to expire soon! I had check 2003 end COE is only around $200 to $221 to now $5, 504.00!

    (IF I use 5504 divide by average 221 is X 24.90 more! Do we have our income increase 2 to 3 times more?)

    How can we tell from the COE bid is from buyers, dealers or ???? Can anyone advise or any indication during the bid from the web shows is from buyer/dealer/???

    Since 1990: Reference on how much the COE goes up up up! http://tralvex.com/pub/cars/coe.htm
    Last edited by safe&ins; 07-02-2015 at 12:48 PM.

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    Quote Originally Posted by Jehuty View Post
    According to the PAP and its goons, COE is supposed to control congestion, so to satisfy that statement, why not a monthly 'Congest the road' where all participating bikers don't filter, don't share lanes, just act like a car, we paying for congestion might as well cause it, no?

    Or you can always migrate, looking at Singapore, if people don't get their **** together, the poor will get poorer, the rich will get richer, hell most people living in condos aren't even Singaporean.
    Monthly congest the road? Been thinking about that for quite some time. Problem is will all the riders be united and do so? If this happens I am in.
    KRGT-1
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    Its fun n I believe from my community,

    If its fun... Ppl will join in

    Just don't break any laws here. They will penalise u for the smallest things

    Just to make face
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    Why motorcycle cat got no sub cat like 2b, 2a & 2?
    Hello, are you there......

  28. #28
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    Because majority of those "guys in garment" don't know how to ride because their pay so high why want to ride,just buy car.heck after buying,they have so much money,why drive,get a chaeffuer

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    Quote Originally Posted by DeusExMachina View Post
    Right now the COE prices are a direct effect of the car and bike dealers putting in stupid and desperate bids to secure their sales. No doubt that the Govt has a hand in influencing the prices by playing with the supply against the demand.

    When you purchase a vehicle, you sign that contract and put down the deposit. The dealer then tells you that he will factor in a certain amount as the COE. That amount is probably based on the average value in the last couple of month. If it was 900, then 1300, he'll prob put in 1K. Right now, with the COEs in the 4000 to 5000 region, a dealer will price it at 5K average. Then he'll place his bid anyway. If you get the COE under 5K, he'll refund you the difference. If over, you top up the diff. Then you settle your DP.

    Thing is, the dealers and their salesmen want to make the sale, and will be willing to place stupidly high bids just to close the deal. YOU are the sucker. The dealers are the one inflating the COE premium because of their panic bidding response to supply being cut. That was what happened a few months back when LTA cut the supply by 25%. They bid higher, wanting to make sure they got the COE to cover their sales. It's not going down because the average value has gone up. Unless you get a fluke situation where there are less bids than the actual supply, and some lucky mofo puts a bid of $1.

    So who to blame for high COEs? Put simply. Bike dealers.

    Why don't the ppl who're buying bikes here start telling the dealers "I'm only willing to pay COE $1K max. Any more, fcuk the deal." Don't sign on the sales contract unless they add that in writing.


    At this point, some of you will be thinking... "But COE goes to Govt. The dealers don't get the 5.5K what....."

    Yes, and no. You ALWAYS have a downpayment you're willing to pay. Let's say 5K on a 16K bike (not incl COE).
    If the COE is at 1K, then the total price will be 17K (insurance let's not include yet ok?)
    You DP 5K, and your loan quantum will be 12K.

    Now if the COE was at 5K, the bike is gonna be 21K in all. Your loan quantum: 16K.

    The Govt gets the 5K, but the shop/finance is gonna get the interest out of that because you took a larger loan.
    So who says that they don't earn more from higher COEs??


    The Govt has got to disallow dealers from bidding for COEs. Make the buyers log into the system themselves and place the bid instead. Only then will COE premiums start to fall. Because as buyers ourselves, we will not place stupid bids. The dealers don't give a crap about us. They're just interested in the sale. And you, the buyers, have to tell them "Fcuk off"

    When you go out to buy a new bike today, or tomorrow. Go ahead and tell your dealer "I only want to bid COE max 1K, or else I'm not signing"
    See what they say. If everyone does it, see how the COE goes.

    Moral of the story, boycott bike dealers.


    Dam suay, everytime 1 month after I sold my bike, COE JUMP NEW HIGH by like 1k.

    2013, and now 2015.

  30. #30
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    There are still people who will let shops bid for them. People who have multiple bikes and gonna need the latest Italy/Germany bikes in their stable. Go though the used bike market, there is those used barely 6 month superbikes going for sale with ridiculously low mileage. I agree with letting buyers bid but 'reasonable' is subjective, guess the common feel about 'average' price for bike COE is 4k now and that'll be the min they'll put in.
    Nothing to lose.

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    Quote Originally Posted by Hugo View Post
    There are still people who will let shops bid for them. People who have multiple bikes and gonna need the latest Italy/Germany bikes in their stable. Go though the used bike market, there is those used barely 6 month superbikes going for sale with ridiculously low mileage. I agree with letting buyers bid but 'reasonable' is subjective, guess the common feel about 'average' price for bike COE is 4k now and that'll be the min they'll put in.
    If only Buyers can bid the COE with their Singpass then the price will be more stable! For Bike dealers they will tell now is $5,504 if you want a new bike the COE is around this price or you have to pay more. So the price will keep climbing up and up! Again the number of COE is control by LTA, if the decrease number of COE issue, the price will definitely shot up! This is a number game, so which is the better department to control the price? ( like valuation of a resale HDB house, if the value goes up 20% - 50%, the selling price will definitely shot up!)

    United is a success! If every bike buyers have come to a fix mind, like COE for bike shouldn't exceed $2k or $3K and all agreed shouldn't bid beyond the limit price, even the number of COE is lesser the price will not shot beyond the limit but will everyone do that??? If everyone will agreed, how are we going to pass the message thru, not all surf web!

    Like I said "GRAVEYARD HOLE" is digging Deeper and Deepest! Who will suffer? The government is not to be blame, as we humans don't united! "Everyone" is selfish and only think of their own benefits and profits now, if you bid $3K , Ah Beng has the money he will bid $4k or Ah Seng has more money than Ah Beng he will bid $ 5K, latest part for bikes' distributor wants quick sale for their imported bikes will bid $6-7K just to get the monthly limited COE! Who dig who's grave? ( like contractors that bid for projects and uncut each others, once they can't sustain it they will run away or go bankrupt and leave the Sh*t behind!)

    Best movie you should see: "Rise of the Planet of the Apes" if you can see the subtitle of what little ape Caesar told the rest is
    If you are Chinese and understand Cantonese , you should watch this: Dayo Wong talk Show 黃子華棟篤笑2012《洗燥》澳門站 he talk and about the daily life!
    Last edited by safe&ins; 09-02-2015 at 10:06 AM.

     

     
  32. #32
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    unplug and be free from all these crap

  33. #33
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    Very simple, all potential new bike owner needs to know how to bid for COE at the ATM, 5 mins job.
    Bike dealers dont really care about COE prices, they just wanna move sale out of the show room. No sale no money.
    Higher COE, higher loan equal more profit.
    Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

    Current bikes: NIL

    Gear 4th

  34. #34
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    How bout some1 set up a page to educate us how coe works?

    How to bid? Where to bid?

    Win the bid can keep how long?

    The thing is most of us dont even knows how it works...
    Past to present rides

    Honda nsr sp 150 pro arm
    Honda super4 ver s - yamaha rxz 135
    Honda cbr 600 rr
    Suzuki hayabusa 1300 - yamaha cygnus 125 - yamaha lc135 spark
    Aprilia sr max 300 I.e


  35. #35
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    Quote Originally Posted by shahrul_azmil3 View Post
    How bout some1 set up a page to educate us how coe works?

    How to bid? Where to bid?

    Win the bid can keep how long?

    The thing is most of us dont even knows how it works...
    Is quite easy, however it is also quite sensitive as there is CCTV at POSB ATM.
    If I remembered correctly.
    Just select other services, select bid for COE and choose the Category D.
    A $1000 deposit and your bidding amount shall be compound after the bidding for the month.
    Eg. you bid $100
    $1100 will be compound, if you happened to bid the COE, $1000 will be returned to you when you registered the COE.
    With that you must buy a bike within 6 month if not they will keep the $1000 deposit.
    Likewise for cars, is $10k.
    You can bid for COE, every 1st and 3rd Week of the month. Try it, anyway the admin fee is only $2 or $3.
    However the system works this way, as it is open bidding, dealers can see your bid and out bid you.
    That why usually you will see COE prices raised up during the last 30 mins or so.
    Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

    Current bikes: NIL

    Gear 4th

  36. #36
    shahrul_azmil3
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    If we lose the bid n decide not to buy

    Will we get the $1000 deposit?
    Past to present rides

    Honda nsr sp 150 pro arm
    Honda super4 ver s - yamaha rxz 135
    Honda cbr 600 rr
    Suzuki hayabusa 1300 - yamaha cygnus 125 - yamaha lc135 spark
    Aprilia sr max 300 I.e


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    Quote Originally Posted by hachi View Post
    Very simple, all potential new bike owner needs to know how to bid for COE at the ATM, 5 mins job.
    Bike dealers dont really care about COE prices, they just wanna move sale out of the show room. No sale no money.
    Higher COE, higher loan equal more profit.
    If I buy a second hand bike from a random guy with maybe about 1 year COE left. Can I use the COE I bought on this bike? Once I used up my COE, my $1000 will be returned to me?

    Said if I bid $200 and my bid failed, my $1000 deposit will automatically be returned to me by bank transfer?
    17 Nov 2011 - April 2013, NSR150 SP
    12 June 2013 - 23 Jan 2015, CBR400RRR
    23 February 2015 - 29 February 2016, YZF R6 2006
    12 March 2016 - 12 May 2017, CBR1000RR05
    July 2017 - Current, YZF R1 2008/CBF150

  38. #38
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    Quote Originally Posted by shahrul_azmil3 View Post
    If we lose the bid n decide not to buy

    Will we get the $1000 deposit?
    You lost the bid of course you can get back the $1000.
    Like I mentioned, only $2-3 admin lost in this process.
    Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

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    Quote Originally Posted by hachi View Post
    You lost the bid of course you can get back the $1000.
    Like I mentioned, only $2-3 admin lost in this process.
    If I won the bid, how exactly can I use the COE? I mean whats the process like? They will send me a cert to my mailbox, ask me go LTA and register a bikeplate with the COE?
    17 Nov 2011 - April 2013, NSR150 SP
    12 June 2013 - 23 Jan 2015, CBR400RRR
    23 February 2015 - 29 February 2016, YZF R6 2006
    12 March 2016 - 12 May 2017, CBR1000RR05
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  40. #40
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    Quote Originally Posted by guangwei View Post
    If I buy a second hand bike from a random guy with maybe about 1 year COE left. Can I use the COE I bought on this bike? Once I used up my COE, my $1000 will be returned to me?

    Said if I bid $200 and my bid failed, my $1000 will automatically be returned to me?
    No is only for new bike. For renewal.
    If you wish to keep your vehicle registered beyond its current COE expiry date, you will need to renew the COE by paying the applicable PQP for your vehicle. If the COE is not renewed by the current COE expiry date, the vehicle will be de-registered.
    The PQP is the moving average of the COE prices (QPs) in the last 3 months. The PQP varies from month to month.
    Please check the website for the amount applicable.
    Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

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  41. #41
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    Quote Originally Posted by guangwei View Post
    If I won the bid, how exactly can I use the COE? I mean whats the process like? They will send me a cert to my mailbox, ask me go LTA and register a bikeplate with the COE?
    Not sure, I had never won before so I dont know.
    It should be something like this I reckon.
    The COE will be tagged to your name, with that use to purchase bike from shop.
    But I heard the bike may be more expensive as you did not purchase the COE together.
    For car i heard is difficult to purchase new car without COE as COE usually is more ex than the car itself.
    Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

    Current bikes: NIL

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    Quote Originally Posted by hachi View Post
    You can bid for COE, every 1st and 3rd Week of the month. Try it, anyway the admin fee is only $2 or $3.
    However the system works this way, as it is open bidding, dealers can see your bid and out bid you.
    That why usually you will see COE prices raised up during the last 30 mins or so.
    In this way COE goes up is also manipulate by DEALERS!

    In this way if all buyers stop buying bike for a month or 2, what will the COE price be?

  43. #43
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    Quote Originally Posted by safe&ins View Post
    In this way COE goes up is also manipulate by DEALERS!

    In this way if all buyers stop buying bike for a month or 2, what will the COE price be?
    It should be the same, why, I mentioned earlier, within 6 months must registered for a bike.
    I forsee no one will touch class cheap 2B new bike for the time being. Firstly, they are easy and cheap to repair for 2nd hand ones.
    COE is more than the bike price itself.

    As I mentioned, dealers will quote you the OTR price which includes COE. Unless the market changes which I doubt so, as bigger loan equal more commission and profit.
    Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

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    This is why I see ppl still asking shop to bid for them. If a bike package with COE included is more "affordable" than another without COE, who will pay for the one without coe?

    It's like I bring my own EO to bike shop to change will cost more than using the bike shop's own EO, due to "labour charge".

    The important thing I see is not to ask all buyers to bid themselves, but to set a restriction as to how much one wish to bid. They way I see, no restriction = higher and higher coe.

    But then, this is a free market...



    Quote Originally Posted by hachi View Post
    Not sure, I had never won before so I dont know.
    It should be something like this I reckon.
    The COE will be tagged to your name, with that use to purchase bike from shop.
    But I heard the bike may be more expensive as you did not purchase the COE together.
    For car i heard is difficult to purchase new car without COE as COE usually is more ex than the car itself.

  45. #45
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    In fact, I would reckon if this awareness of self bidding in the biking community, we might get away with this. For eg. if 50% of the riders bid their COE, this might change how the system works.
    In fact, the free market will automatically set a fair price for COE. For eg, if we think $1000 is a fair price, then dealers would not bid more than that as many are bidding around that price as that's deem to be a fair price for COE.
    Of course, most riders over leveraged and only concern about monthly installments. That's when the problem starts, no matter how high the bike price, dealers just lengthen the loan tenure.
    5 years loan monthly installment too high, then 7 years or even 10 years. That's another vicious cycle. Who's cares about whether COE cost $100 or $10000 at the end of the day?
    Look at our garage sale, how many are looking for COI or sub ride their ride when they have over leverage and not into the option of selling back as they cannot break even the loan?
    Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

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    Simple solution, don't buy from bike dealers, unless you are stupid and idiotic to pay the coe, buy from each other, of course i hope we all bikers can help each other by not overpricing our bikes, or are we as selfish and money minded as the bike dealers. And wait for the coe to drop as no one buys from the bike dealers.

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    Normally when i buy from someone, i will ask how much they paid for their bike and i will factor in the depreciation, to know whether the price is reasonable.

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    Looks like the authority has to do something! For dealers they won't bid lower but to follow the exiting price or even higher and higher! If the authority dept. set a rule that dealers can't bid for COE, except buyers can bid then the price will not surge so.....high!

    Again no second hand owners will sell low price if the COE is getting higher unless the bike or the owner has problem(s) with urgent sales! If they sell low or reasonable price the second bike the buy will be high with today COE. Like I said unless this owner has totally giveup riding bike! (This situation is Sell high buy high! Who die?)

    If all buyers stop buying bike for a month or 2, what will the COE price be?

    Another solutions is what "DeusExMachina" mention earlier:
    When you go out to buy a new bike today, or tomorrow. Go ahead and tell your dealer "I only want to bid COE max 1K, or else I'm not signing"
    All buyers must United and do as above then the COE will drop!
    Last edited by safe&ins; 09-02-2015 at 09:37 PM.

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    Quote Originally Posted by beginner444 View Post
    Normally when i buy from someone, i will ask how much they paid for their bike and i will factor in the depreciation, to know whether the price is reasonable.
    Urm...my experience is that sellers don't always tell you what price they paid. Also, sellers will consider price of current COE when selling. Just market forces at work.

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    Quote Originally Posted by safe&ins View Post
    Looks like the authority has to do something! For dealers they won't bid lower but to follow the exiting price or even higher and higher! If the authority dept. set a rule that dealers can't bid for COE, except buyers can bid then the price will not surge so.....high!

    Again no second hand owners will sell low price if the COE is getting higher unless the bike or the owner has problem(s) with urgent sales! If they sell low or reasonable price the second bike the buy will be high with today COE. Like I said unless this owner has totally giveup riding bike! (This situation is Sell high buy high! Who die?)

    If all buyers stop buying bike for a month or 2, what will the COE price be?

    Another solutions is what "DeusExMachina" mention earlier:
    When you go out to buy a new bike today, or tomorrow. Go ahead and tell your dealer "I only want to bid COE max 1K, or else I'm not signing"
    All buyers must United and do as above then the COE will drop!
    I'd say only a small majority of rider visit this forum.
    Maybe
    2% of singapore's 2b riders
    10% of the class 2A riders
    25% of Class 2 riders.


    of the above, only 10% are 'active' on the forum n have a decent chance to stumble by this thread.

    to make it sound simple, i guess only about 1% of all singapore riders are active in singaproebikeforum and have a decent chance to stumble upon your thread, to even consider this plan
    Last edited by guangwei; 21-02-2015 at 06:17 PM.
    17 Nov 2011 - April 2013, NSR150 SP
    12 June 2013 - 23 Jan 2015, CBR400RRR
    23 February 2015 - 29 February 2016, YZF R6 2006
    12 March 2016 - 12 May 2017, CBR1000RR05
    July 2017 - Current, YZF R1 2008/CBF150

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