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Thread: Any chance of COE for bike to go down?

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    FRSpadeath
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    Default Any chance of COE for bike to go down?



    Hi everyone, I'm new to this SBF so please pardon me if I post this question under the wrong thread. Anyway, is there any chance for the COE of bikes to go down in the near future?

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    teambhp
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    Quote Originally Posted by FRSpadeath View Post
    Hi everyone, I'm new to this SBF so please pardon me if I post this question under the wrong thread. Anyway, is there any chance for the COE of bikes to go down in the near future?
    Unless govt change its policy, the chance is 0

     

     
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    rammsky
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    Fat hope of bike COE going down. The elites will never understand.

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    quarashi
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    Unlikely it will decrease.

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    Boon6600
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    Might as well bet on Today 4d
    Hello, are you there......

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    DeusExMachina
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    Yes, bike COE can go down. If everybody here just holds back on buying a bike for the next 3 or 4 months.
    As observed in another thread, bids start from $1 and they go up progressively as dealers compete.

    If the demand does not meet the supply, then the lowest $1 bid will stand. In other words, if there are less bids than the available COEs, the lowest bid will be that PQP.

    Once the COE resets to $1, you can be sure that for the next few exercise dealers will bid more conservatively.
    Keep demand low for another couple of months, and you reset the trend.


    Now whether people can hold back their desire to get a new bike, that's another thing.

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    vvv
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    I already do my part by buying a 2nd hand. Cheers

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    It is absurd! Now bike COE price costs more than a class 2B bikes itself. Let's just do our part, hold back from buying new bike for a few months like what DeusExMachina says. If bike sales are not moving, COE price may fall, eventually.

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    teambhp
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    Quote Originally Posted by nuebike View Post
    It is absurd! Now bike COE price costs more than a class 2B bikes itself. Let's just do our part, hold back from buying new bike for a few months like what DeusExMachina says. If bike sales are not moving, COE price may fall, eventually.
    All I can say is you are thinking of the impossible

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    Boon6600
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    Quote Originally Posted by teambhp View Post
    All I can say is you are thinking of the impossible
    I support you. Look at the COE result, 280 plus Coe but 300 plus bidder mean a lot of people's are bidding above 5000 plus to secure the Coe. I believe a lot of people willing to pay high price so the chance of Coe coming down is very slim. This is just my thoughts and I will be very happy is the Coe really come cashing down.
    Hello, are you there......

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    teambhp
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    A lot of class 2 bikes sold. A lot of ducati n Bmw buyers as well

     

     
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    When there's an economic crisis, coe price usually come down steep. Happened once in 2003.

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    Makiyo Ng
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    Of cos bros if we cooperate buy used bikes.........

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    Quote Originally Posted by kaiq View Post
    When there's an economic crisis, coe price usually come down steep. Happened once in 2003.
    I rather not have the economic crisis. Thanks.

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    will the LTA raise the VEPs for Malaysian bikes?
    its being a long time since LTA raised the VEPs for Malaysian bikes despite bikes COEs rising.

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    wait4me
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    yes VEP for Malaysian bikes will be raise to $10
    and sg bikes will be up to $5

    this is to help regulate the flow at the causeway
    一路向北 4 EVER , my friend



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    Quote Originally Posted by wait4me View Post
    yes VEP for Malaysian bikes will be raise to $10
    and sg bikes will be up to $5

    this is to help regulate the flow at the causeway
    if I am not wrong, there's no VEP for S'pore registered bikes.

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    wait4me
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    Quote Originally Posted by Cyanide14 View Post
    if I am not wrong, there's no VEP for S'pore registered bikes.
    yes u are not wrong,
    there is no VEP for sg bikes
    doesnt mean in future there wont be
    一路向北 4 EVER , my friend



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    Jehuty
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    Well I didn't vote for them.

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    kaiq
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    Welcome to democracy, where the minority obeys the majority.

    Come to think of it, every Singaporean said this in our pleadge, so ll cannot say "I never say"

    Quote Originally Posted by Jehuty View Post
    Well I didn't vote for them.

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    I think in the short term it may go up a little to maybe 7-8k but it is probably hard to sustain 10k range. Majority bikes are 2B and some 10+% class 2. With high coe prices, its hard for students, lower income earners and part time workers to buy new bike, pushing some demand over to second hand market. We now see shops like Unique advertising to acquire old bikes, betting on making profit.

    As with cars, when coe gets too high, cat B luxury cars continue to sell and cat A small cars harder to sell. Likewise, class 2 bike buyers are less affected by coe. The bike already so ex. Not much difference.

    I think the small percentage of tourers, track bikers and commuters passionate about bikes is insufficient to sustain 10k price range for coe. I've renewed my coe when it was 1.7k and have 9 yrs to go. So, the prices don't concern me anyway. Have never bought a first hand bike either.
    P-plate should be an attitude to safety and riding. There's always more to learn.


     

     
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    calebike
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    how long can bike shops hang onto their COE? prices will start to fall when their on hand coes start to pile up

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    daz3
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    if the COE uses an old COE on your new bike, will there be a double transfer?

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    hachi
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    Quote Originally Posted by calebike View Post
    how long can bike shops hang onto their COE? prices will start to fall when their on hand coes start to pile up
    6 months, if not they got to forfeit the deposit which is $1000.
    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

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    Quote Originally Posted by daz3 View Post
    if the COE uses an old COE on your new bike, will there be a double transfer?
    Dont quite understand your question.
    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

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    calebike
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    Quote Originally Posted by hachi View Post
    6 months, if not they got to forfeit the deposit which is $1000.
    so long ah... then prices wont drop anytime soon

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    daz3
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    Sorry, should be if a bike shop uses an old COE he kept on a new bike.Will there be an additional owner to the bike?

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    ImNotFish
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    If the COE keep rising, it become difficult for people who really needs affordable transportation, especially those working in area that is very far from bus/mrt

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    daz3
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    Quote Originally Posted by ImNotFish View Post
    If the COE keep rising, it become difficult for people who really needs affordable transportation, especially those working in area that is very far from bus/mrt
    Ya agree.Government raise COE for cars and bikes asking people to take public transport but end up public transport fare also raise. Win Win situation for them.

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    Quote Originally Posted by daz3 View Post
    Sorry, should be if a bike shop uses an old COE he kept on a new bike.Will there be an additional owner to the bike?
    Yes, because he bid the COE using other names and subsequently transfer to you so you will be tyhe second owner but brand new bike.
    Hello, are you there......

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    kzone
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    Quote Originally Posted by Pplater View Post
    I think in the short term it may go up a little to maybe 7-8k but it is probably hard to sustain 10k range. Majority bikes are 2B and some 10+% class 2. With high coe prices, its hard for students, lower income earners and part time workers to buy new bike, pushing some demand over to second hand market. We now see shops like Unique advertising to acquire old bikes, betting on making profit.

    As with cars, when coe gets too high, cat B luxury cars continue to sell and cat A small cars harder to sell. Likewise, class 2 bike buyers are less affected by coe. The bike already so ex. Not much difference.

    I think the small percentage of tourers, track bikers and commuters passionate about bikes is insufficient to sustain 10k price range for coe. I've renewed my coe when it was 1.7k and have 9 yrs to go. So, the prices don't concern me anyway. Have never bought a first hand bike either.
    dont forget the number of COEs released shrunk by a lot. So the pie is now smaller... assuming class 2 & bike passionate ppl are not affected by the price and remain the same number, their % will increase as 2B & budgent conscious owners drop out of the pie
    Liverpool revival has started....

     

     
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    coe will not come down any time soon. majority of the bids are done by bike shops. the bikeshops will continue to bid high so that they wont make a loss on the existing coes they are holding.

    like what others say.. only chance of coe coming down is change in govt policy

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    silver023
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    One can only hope .... and wait!

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    Why bikeshop bid so high ?? The high the COE , the more money majority will have to loan from bike shop if they pay by installment . You do the maths...

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    Quote Originally Posted by superspeed123 View Post
    Why bikeshop bid so high ?? The high the COE , the more money majority will have to loan from bike shop if they pay by installment . You do the maths...
    That is the reason why you can see so many legal loan shark (money lender) in Singapore now! Those can't pay for COE to extend their existing bike but need a decent transport to travel around or do a very small business they can easy borrow from these shop in the neighborhood! Some time you will received SMS that they can lend you money in the fastest way!
    Previously years do you see alot of these money lenders? If you don't like to borrow, another way is go to Singapore Pool try your luck they are also every where now!

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    beginner444
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    Change the policy maker

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    kzone
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    i think easier to just work harder or spend less on other things...

    wanted to change bike this yr but i think wait for big bonus then can..
    Liverpool revival has started....

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    Quote Originally Posted by kzone View Post
    i think easier to just work harder or spend less on other things...

    wanted to change bike this yr but i think wait for big bonus then can..

    Is not the matter of working hard, is money not enough to cover HIGH COST OF LIVING here! Last time is work 9 to 5, now all have to work 7 to 11 or midnight! Most work in the same company have to cover their colleague's jobs. Now you can see a lot of young ppl having heart attack, why "STRESS"!

    Big Bonus, dun think in Singapore maybe out or thousands companies only 1 give big bonus, you can see big travel agent, spa company.... close down! How about others, are the existing companies still making money or just enough to sub stain to cover their monthly expenses????

  39. #39
    MR BIKER
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    so sad, my company no mid year bonus. they blame on lower fuel prices. and no SG50 money also.

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    kzone
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    Quote Originally Posted by safe&ins View Post
    Is not the matter of working hard, is money not enough to cover HIGH COST OF LIVING here! Last time is work 9 to 5, now all have to work 7 to 11 or midnight! Most work in the same company have to cover their colleague's jobs. Now you can see a lot of young ppl having heart attack, why "STRESS"!

    Big Bonus, dun think in Singapore maybe out or thousands companies only 1 give big bonus, you can see big travel agent, spa company.... close down! How about others, are the existing companies still making money or just enough to sub stain to cover their monthly expenses????
    I see differently leh... out of CBD, more n more ppl leaving at 5 now. On Fridays, u start to see heavy traffic fm 4.30 onwards! n most of my friends also now spending less time at work for more money. But of cos, some choose to work longer hours for even more money. Most of the increase in expense is not because of actual increase in price but more of increase in expense due to "higher quality lifestyle" like dining out more etc

    I'm curious to see you saying money not enough to cover high cost of living. CAre to share details? I also money not enough but its due to personal n family choices.

    I'm more concerned about those who are really low income earners with family/kids/old parents.. usually no time to surf here n posts ah.
    Liverpool revival has started....

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    Quote Originally Posted by MR BIKER View Post
    so sad, my company no mid year bonus. they blame on lower fuel prices. and no SG50 money also.
    i really mean WAIT.. i've to wait long long.. targetting next year lol
    Liverpool revival has started....

     

     
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    Quote Originally Posted by kzone View Post
    I see differently leh... out of CBD, more n more ppl leaving at 5 now. On Fridays, u start to see heavy traffic fm 4.30 onwards!
    You must see what type of job you work as Did you try taking MRT around 10pm. I saw there saw lots of crowd on one of the Friday nite and was shock. These ppl all look like after work!
    From CTE coming back from City side usually on week days you can see heavy traffic and in the taxi all hired! Those are ppl just off duty!

    Quote Originally Posted by kzone View Post
    Most of the increase in expense is not because of actual increase in price but more of increase in expense due to "higher quality lifestyle" like dining out more etc
    I agreed dining outside is more costly, if you cook at home and is only cater for 2 to 3 person is also not cheap and easily! Planning, cooking and buying items to cook for small number of ppl is not easy! Unless if you are single like I knew some ppl. even if they are married they still stay with their parent. Don't need to worry, don't need to give monthly expenses, don't need to cook parent will cook, don't need to worry if any house hold machine is faulty parent will take care, ...... expenses no worry! Of course some will give monthly expenses but other problem they don't bother! Some even spend what they earn without giving money to parent!


    I knew a few cases couple had new home but rent it out and stay with parent with their kids but I don't know how these ppl going to share with the profit

    Quote Originally Posted by kzone View Post
    I'm curious to see you saying money not enough to cover high cost of living. CAre to share details? I also money not enough but its due to personal n family choices.

    I'm more concerned about those who are really low income earners with family/kids/old parents.. usually no time to surf here n posts ah.
    First before I share with you, may I know from you if you don't mind:
    1) Are you single or married?
    2) Are you staying alone or with your parent?
    3) If you are married do you have a kid(s) to take care?
    4) Do you need to take care of your parent and give monthly allowance?
    5) If your parent are old and have a lot of illness you do take leave from your company to bring them to hospital/ clinic? Visiting by bus/ taxi/ your bike
    6) If you have kid do you have to paid other expenses?
    7) Do you help your parent to pay for replacement faulty household machines?
    8) Beside your bike what other commitment do you have?
    9) Mind if I can know your age group below 20, below 30, below 40, below 50 or below 60?

    *At first my brother in law don't understand why money is not enough till he is married and stay by himself! He told us even 1 spoon or folk he have to buy where else stay with parent don't care just give monthly allowance will do. When any of the house hold machines spoil wow got to spend money again and his salary is standard but thing (price) is going up! This is expenses bro!

    *** If you compare same item (product) sold here and else where the price is real different!
    *** If you observe enough for example Shampoo same price as b4 or cheaper now but the amount is less and it is more diluted!
    *** I try buying medication from watson for stop diarrhea b4 they sell 1 strip (10 pills) but now they don't sell 1 strip but 6 strips! Are we having diarrhea everyday??

    Yes there is an inflation in the whole world but compare item to item (A to A NOT A to B) you pay very high price here.

    One more question for you bro, do you know in the olden days hawker license are given to those who are lower income or ppl that need help! The government is trying to help these people to help themselves to earn a living. That why now for small number old hawkers you still can get cheap and good food because their rental is cheap but in future i don't think so. As you can see who is running the hawker business and some hawkers has many store around Singapore! Their price is no more cheaper!

    There is hawkers who tell me is not they want to sell high price, it is the high rental, high PUB, high conservice fee, collecting of dishes and washing... that is high! Some time they have to close for a period of time for cleaning or renovation of hawker centre there is no income! How who pay their salary?

    Last week I eat at woodland yong tau foo for $3.50 for 7 to 8pcs + noodle but you go food court junk food is $5-6. In Jurong side I still can buy ice kacang for $1 from old hawker and noodle for $2! Too bad the noodle owner hawker has given up the stall due to old age can you find any cheaper price?

    I had spoken to a Malay uncle who is now retire, he told me for those who don't travel around countries and talk to ppl they don't understand the different. Till they talk and open their eye to see then they will know.

    I believes now middle income also feel the pain there!

    Singapore is a good place to stay but you must pay for it !
    Last edited by safe&ins; 18-06-2015 at 04:25 PM.

  43. #43
    kzone
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    bro.. all those ppl u see going back after 10pm.. is after work go makan, drink n dating lar.. I used to be like dat.. everyday after work go gym, then eat drink etc.. reach home late everyday.

    come, I share u share...

    Quote Originally Posted by safe&ins View Post
    First before I share with you, may I know from you if you don't mind:
    1) Are you single or married? >> Married
    2) Are you staying alone or with your parent? >> Staying in my own home with my wife, 2 kids and mil (& helper)
    3) If you are married do you have a kid(s) to take care? >> 2
    4) Do you need to take care of your parent and give monthly allowance? >> They stay on their own, I give monthly allowance. mil stay with me
    5) If your parent are old and have a lot of illness you do take leave from your company to bring them to hospital/ clinic? Visiting by bus/ taxi/ your bike >> Sometimes they go themselves, sometimes I drive them
    6) If you have kid do you have to paid other expenses? >> the usual sg family commitment... child care fees, utilities, car, insurances, mortgage, reno loan
    7) Do you help your parent to pay for replacement faulty household machines? >> Me & my brother pay for all appliances at our parents place
    8) Beside your bike what other commitment do you have? >> Mortgage, car
    9) Mind if I can know your age group below 20, below 30, below 40, below 50 or below 60? >> mid 30

    Singapore is a good place to stay but you must pay for it !
    sure money is tight, in fact can barely survive, but if I cut down on dining outside (restaurants), buying organic groceries whenever available, good cut meats fm high end buchery, reduce going out drinking with friends, specialised products for kids, eat cheaper ice cream, cheaper home appliances, dont spend so much on reno or house etc, will have better cash flow.
    Liverpool revival has started....

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    Quote Originally Posted by kzone View Post
    bro.. all those ppl u see going back after 10pm.. is after work go makan, drink n dating lar.. I used to be like dat.. everyday after work go gym, then eat drink etc.. reach home late everyday.

    come, I share u share...



    sure money is tight, in fact can barely survive, but if I cut down on dining outside (restaurants), buying organic groceries whenever available, good cut meats fm high end buchery, reduce going out drinking with friends, specialised products for kids, eat cheaper ice cream, cheaper home appliances, dont spend so much on reno or house etc, will have better cash flow.
    When you get older and your parent get older the expenses is even more! I believe your kids is ard 10 and your parent is like 40plus or 50?
    I used to drive a car then change to a van but given up! Now parent (in law) are getting older 76 more problem comes in almost every week visit hospital for review, can't walk well must take taxi! Both last year and this year admit hospital, that was a crazy part all family member goes nightmare! Hospital bill was high and all expenses goes up rushing up and down from hospital like dun have to work!

    I dun drive is becos if I had a job at private estate no place to park, will get fine min $80 but my job i earn $80. Who make the money? I dun eat restaurant as well in fact 90+% are hawker centre! Most of time eat 1 meal for breakfast and lunch or 1 meal for lunch and dinner!

    Since you have 2 kids, i believes if you bring both with a family of 4 for outing, with $50 sometime is not enough to cover petrol, parking, food.. right?

    If you do marketing you will find the price keep going up. That is high cost of living!

    Of course if you drive you can shop cheaper price else where, not to mention JB is the common place but for those don't drive they have to end up buying expensive stuff in their neighborhood.

    I had relatives from Malaysia, Taiwan and US they came to Singapore said in Singapore here spend money here is like burn money as everything is so ex! The food portion is so small and expensive here!

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    kzone
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    Quote Originally Posted by safe&ins View Post
    When you get older and your parent get older the expenses is even more! I believe your kids is ard 10 and your parent is like 40plus or 50?
    bro, I mid 30s, u saying my parents underage when i came out ah?!

    anyway, u're trying to say that I havent seen the impact of the high cost of living in sg? u're totally wrong.
    Of cos its clear that SG is now a very expensive place to be in. So? We generally earn more than those countries u mentioned to. Plus we get free housing from our so called monthly income tax called CPF. I know u will diagree with me on this... but let's see the facts... most of use fully rely on our CPF to pay for housing and little or no cash top up.

    Not easy to have a good life on SG sure, but not difficult to survive too. We cant change Singapore, so let's spend more time n effort to benefit from the various system. Shall we discuss on that?

    I think the most important expense we need to hedge ourselve against is medical. So we should, must, die die have our own private insurance. This one cannot avoid.. the medisave/plus/shield or whatever CPF related insurance u have need to be supplemented with additional insurance that you pay in CASH monthly/yearly. Go for term insurance to keep prices low rather than those investment/endowment linked plan.

    The insurance should not just be for you... you should pay insurance for ALL your dependents. Kids, parents, wife/s etc...

    come your turn bro, whats the next most important expense n what do we need to do to survive in sg?
    Liverpool revival has started....

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    Quote Originally Posted by kzone View Post
    bro, I mid 30s, u saying my parents underage when i came out ah?!
    Bro don't so sensitive your parent should be around 50 Plus haha!

    It look like you also own a car, so it shouldn't problem for you!

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    Quote Originally Posted by safe&ins View Post
    Bro don't so sensitive your parent should be around 50 Plus haha!

    It look like you also own a car, so it shouldn't problem for you!
    very sensitive bro... scared my parents get charged for underage ***. anyway, the're way past 60... I'm the youngest of 3.

    Shouldnt be a problem for u too! if u have problem, maybe can share how u get into this problem so that other younger bros can take preventive measures to avoid falling into similar situation.
    Liverpool revival has started....

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    Quote Originally Posted by kzone View Post
    i think easier to just work harder or spend less on other things...

    wanted to change bike this yr but i think wait for big bonus then can..
    That's what the Govt wants you to think, work hard, save, so life will be better.

    Then they increase prices, there's no limit to how high they can increase, there is a limit to how long you can go without sleeping.

    IMO, work hard for a time, then make the money work for you.

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    [QUOTE=Jehuty;8310638]That's what the Govt wants you to think, work hard, save, so life will be better.

    Then they increase prices, there's no limit to how high they can increase, there is a limit to how long you can go without sleeping.

    IMO, work hard for a time, then make the money work for you.[/Q

    TOTALLY AGREE

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    Quote Originally Posted by Jehuty View Post
    That's what the Govt wants you to think, work hard, save, so life will be better.

    Then they increase prices, there's no limit to how high they can increase, there is a limit to how long you can go without sleeping.

    IMO, work hard for a time, then make the money work for you.
    In Singapore there is no resources, the people here are their resources! Even the salary you make will always not enough/ faster then price increase! live with it Now you can see so many hospitals coming up is to prolong your lives So if money not enough, be prepare to work until you die in future not 60, 70 or 80

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