User Tag List

Page 2 of 3 FirstFirst 123 LastLast
Results 51 to 100 of 120

Thread: COE Analysis

  1. #51
    duo
    would rather be a troll than the champion..
    SBF Lacer duo's Avatar
    Join Date
    Aug 2009
    Posts
    5,156
    Feedback Score
    8 (100%)
    Mentioned
    27 Post(s)
    Tagged
    1 Thread(s)

    Default



    Quote Originally Posted by victorp View Post
    I am still fighting this battle. Just sent a email to minister of transport 3 weeks back.

    As usual, we don't get any reply from the ministers themselves but his PA.



    Next task is to find out when is the COE policy review!!!

    I still believe that there is still hope in this world, no matter how many times the system tries/had screws us
    Seems like a template reply to 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..

  2. #52
    Gerald
    has no status.
    TeePee Gerald's Avatar
    Join Date
    Mar 2004
    Posts
    1,601
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by duo View Post
    Seems like a template reply to me.
    Dont bother fighting bro. Use the time to earn more money to buy that 8k coe better..wont win..

     

     
  3. #53
    Gerald
    has no status.
    TeePee Gerald's Avatar
    Join Date
    Mar 2004
    Posts
    1,601
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    I am still fighting this battle. Just sent a email to minister of transport 3 weeks back.

    As usual, we don't get any reply from the ministers themselves but his PA.



    Next task is to find out when is the COE policy review!!!

    I still believe that there is still hope in this world, no matter how many times the system tries/had screws us
    Dont waste your time... just accept the fact that 8k coe is here to stay.. you will be happier...lol

  4. #54
    duo
    would rather be a troll than the champion..
    SBF Lacer duo's Avatar
    Join Date
    Aug 2009
    Posts
    5,156
    Feedback Score
    8 (100%)
    Mentioned
    27 Post(s)
    Tagged
    1 Thread(s)

    Default

    Quote Originally Posted by Gerald View Post
    Dont bother fighting bro. Use the time to earn more money to buy that 8k coe better..wont win..
    Fighting? Neither fighting nor giving up. Digging up old bicycle parts to build a complete. When the time comes can cycle to work.
    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..

  5. #55
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    This coming bidding exercise, will it increase or decrease?

  6. #56
    wait4me
    my friend's , friend is my enemy
    SBF Lacer wait4me's Avatar
    Join Date
    Sep 2005
    Location
    the far east
    Posts
    39,738
    Feedback Score
    1 (100%)
    Mentioned
    63 Post(s)
    Tagged
    0 Thread(s)

    Default

    comfirm increase , up and up
    so that u loan and loan
    一路向北 4 EVER , my friend



  7. #57
    reize
    has no status.
    Class 2B reize's Avatar
    Join Date
    Jan 2012
    Posts
    320
    Feedback Score
    0
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    This coming bidding exercise, will it increase or decrease?
    The RSS COE has set sail and will not be returning. Forever.
    Check out my Website! : www.reizeprimus.tk

    Or watch my Youtube channel for more Motovlogs and Motorcycling Content! : www.youtube.com/ReizePrimus

  8. #58
    duo
    would rather be a troll than the champion..
    SBF Lacer duo's Avatar
    Join Date
    Aug 2009
    Posts
    5,156
    Feedback Score
    8 (100%)
    Mentioned
    27 Post(s)
    Tagged
    1 Thread(s)

    Default

    Quote Originally Posted by wait4me View Post
    comfirm increase , up and up
    so that u loan and loan
    Then there will be 10 years loan for bikes. Or is it already available? Then it will be a norm like how 5 years loan for a 2B bike is currently.
    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..

  9. #59
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Out of curiosity, will u guys be happy if govt introduce loan restrictions similar to cars say max 70% loan for max 5 years?
    Liverpool revival has started....

  10. #60
    MR BIKER
    statue but not status
    TeePee MR BIKER's Avatar
    Join Date
    Jun 2004
    Posts
    1,932
    Feedback Score
    0
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kzone View Post
    Out of curiosity, will u guys be happy if govt introduce loan restrictions similar to cars say max 70% loan for max 5 years?
    DOES it help?? look a car. still many buyers

  11. #61
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by MR BIKER View Post
    DOES it help?? look a car. still many buyers
    I'm not saying it helps.. it also depends on what one think "help" means. For cars, COE drops when the loan restrictions are tighten cos it makes less ppl able to afford the downpayment. But when loan restrictions are relaxed, COE goes up but it "helps" more ppl with lower downpayment.

    At the end of the day, whatever "help" the govt does is to help themselves... if along the way, some of us benefit, its merely a by product.
    Liverpool revival has started....

     

     
  12. #62
    reize
    has no status.
    Class 2B reize's Avatar
    Join Date
    Jan 2012
    Posts
    320
    Feedback Score
    0
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kzone View Post
    I'm not saying it helps.. it also depends on what one think "help" means. For cars, COE drops when the loan restrictions are tighten cos it makes less ppl able to afford the downpayment. But when loan restrictions are relaxed, COE goes up but it "helps" more ppl with lower downpayment.

    At the end of the day, whatever "help" the govt does is to help themselves... if along the way, some of us benefit, its merely a by product.
    I mean yea, it definitely helps. But not the people you are thinking. It will definitely benefit the wealthier people by making the overall cost of the bike cheaper, since downpayments are not the main problem for them.

    If you are someone living paycheck to paycheck, the downpayment is often the bigger hurdle than the total price.
    Check out my Website! : www.reizeprimus.tk

    Or watch my Youtube channel for more Motovlogs and Motorcycling Content! : www.youtube.com/ReizePrimus

  13. #63
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by reize View Post
    I mean yea, it definitely helps. But not the people you are thinking. It will definitely benefit the wealthier people by making the overall cost of the bike cheaper, since downpayments are not the main problem for them.

    If you are someone living paycheck to paycheck, the downpayment is often the bigger hurdle than the total price.

    I agree...
    Liverpool revival has started....

  14. #64
    wait4me
    my friend's , friend is my enemy
    SBF Lacer wait4me's Avatar
    Join Date
    Sep 2005
    Location
    the far east
    Posts
    39,738
    Feedback Score
    1 (100%)
    Mentioned
    63 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by duo View Post
    Then there will be 10 years loan for bikes. Or is it already available? Then it will be a norm like how 5 years loan for a 2B bike is currently.
    i tink now have 7 years le

    Quote Originally Posted by kzone View Post
    Out of curiosity, will u guys be happy if govt introduce loan restrictions similar to cars say max 70% loan for max 5 years?
    different ,
    cars have bank loan , then if u wanna bypass it , the remainder can take from the shop and loan with higher interest
    but bikes, all the way is from shop loan and not from bank
    一路向北 4 EVER , my friend



  15. #65
    w7_lee
    has no status.
    P Plate
    Join Date
    Jan 2008
    Location
    East
    Posts
    171
    Feedback Score
    0
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)

    Default

    This piece of news from yesterday...

    http://www.straitstimes.com/singapor...e-price-spikes

  16. #66
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by wait4me View Post
    i tink now have 7 years le



    different ,
    cars have bank loan , then if u wanna bypass it , the remainder can take from the shop and loan with higher interest
    but bikes, all the way is from shop loan and not from bank
    there loans fm banks n finance companies as well. anyway, MAS can impose regulations on all loan transactions including in house loans.
    Liverpool revival has started....

  17. #67
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by w7_lee View Post
    This piece of news from yesterday...

    http://www.straitstimes.com/singapor...e-price-spikes
    Thanks for sharing

  18. #68
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by w7_lee View Post
    This piece of news from yesterday...

    http://www.straitstimes.com/singapor...e-price-spikes
    Are they actually doing anything illegal?
    Liverpool revival has started....

  19. #69
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kzone View Post
    Are they actually doing anything illegal?
    They are not doing anything illegal, but because no COE = no bike sales, they just bid any amount.

    Which bike shop can bid the most COE then can sell the most bike. Will you buy a bike from a shop if COE not included?

    No matter how high the COE price, everything also is we pay. Including the interest. So if the financing is in-house, the bike shop benefit the most.

  20. #70
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    They are not doing anything illegal, but because no COE = no bike sales, they just bid any amount.

    Which bike shop can bid the most COE then can sell the most bike. Will you buy a bike from a shop if COE not included?

    No matter how high the COE price, everything also is we pay. Including the interest. So if the financing is in-house, the bike shop benefit the most.
    so they are just maximising their profit within legal means. Its the policies that need changing and its the policy makers that are to blame.
    Liverpool revival has started....

  21. #71
    Bikeninja
    has no status.
    P Plate
    Join Date
    Apr 2017
    Posts
    64
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Here is a very good analysis of the Motorcycle conundrum of which we are facing currently

    http://www.channelnewsasia.com/news/...o/3660820.html

    SINGAPORE: As Certificates of Entitlement (COEs) for motorcycles continue to reach record highs, hitting S$8,081 in March, questions are being asked about the reasons behind the relentless rise, with some claiming that speculative bids by dealers as well as shortcomings with the bidding process are to blame.

    Bike owners and dealers Channel NewsAsia spoke to suggest that a key reason for the increase is that a deposit of only S$200 is needed to initially secure a COE, with dealers able to make bulk bids.

    This allows them to stockpile motorbike COEs which can then be sold - before they have been assigned to a specific buyer - for a few hundred dollars of profit to dealers who need a COE quickly, according to Mr Ong Kim Hua, who owns bike shop Dirt Wheels.

    It is “easy money”, said Mr Ong. “There is indeed a trading market where everybody buys and sells COEs. Anyone can do it. Even you can do it, as you don’t have to be from the motorcycle trade to bid for COEs.”

    He pointed out that motorbike COEs are limited, with only around 300 released every two weeks or so. He said this means that demand can outstrip supply, creating the conditions for speculators to profit. “Whoever has a COE quota on hand, if any bike shop owner or dealer wants to sell a new machine, (they) would definitely have to buy it from you,” said Mr Ong.

    Mr Michael Ang, the owner of bike shop S1 Motoring, agreed that other dealers are definitely stockpiling COEs. He said: “We don’t play (the system), and we only bid for sufficient use. For us, we do have customers who require the bike sooner rather than later. In those cases, we will definitely bid a certain amount whereby we feel that it will definitely be used up.

    “But there are also instances where we would have to buy COE quotas from other dealers.”

    DEALERS HAVE LITTLE TO LOSE

    There is little financial risk for those dealers who want to carry out speculative trade in COEs, as putting down the S$200 deposit to initially acquire the COE commits the holder to nothing - there is no rule to say that the full amount has to be paid eventually. Instead, dealers can simply let the COE lapse after six months if they cannot find another dealer to sell the COE to, do not have enough bike buyers or if COEs go down in value.

    “When nobody wants to buy the COE, these dealers will simply throw it away at a small loss. Every COE they throw away is S$200, but every time they gain, it’s a big number,” said Mr Ong.

    Singapore University of Social Sciences (SUSS) economist Dr Walter Theseira also pointed to the low deposit as a reason why motorbike COEs are vulnerable to speculators. He said: “Someone who attempts to speculate and loses - for example, they buy COEs at a high price and the price collapses - doesn't lose much from letting a COE expire without a buyer."

    In addition, the availability of motorcycle COEs is quite low in number relative to car COEs, said Dr Theseira. “This means that the impact of a few dealers attempting to speculate in the market by holding on to COEs without a ready buyer is greater."

    The ease and lucrativeness of the speculative trade is being seen by some in motorcycling circles as a reason for the increase in COEs, Mr Ong said.

    “To secure new quotas for themselves, all bidders have to do is to keep bidding higher and higher, hence pushing up the cost of the COEs as a whole. (COE speculation) is a very simple and open 'investment' - anyone can buy and anyone can sell without incurring the actual cost of that COE premium,” he said.

    Mr Ong questioned why measures used to curb COE speculation in cars have not been applied to motorcycle COEs. “Cars used to be the same way as you’d only need S$200 to bid for a single COE quota, but the LTA (Land Transport Authority) increased it to S$10,000. I don’t know why LTA isn’t doing anything about this for bikes.”

    Dr Theseira also explained why motorbike COEs are more likely to be the subject of speculative activity. He said: “Whether this happens all the time is another matter. But the motorcycle market is much more vulnerable to this practice than the car market, because the car market's scale and other rules mean that dealers would find it much more expensive to attempt to skew the market.”

    PROFITING FROM COE INCREASE

    An additional reason being pinpointed as a possible cause for a spike in motorbike COEs in the past few exercises is that dealers do not have to be transparent with customers about when their COE was obtained at the point of purchasing a new bike.

    "If you have a COE quota premium from six months ago, all you have to do is look at how much it costs then, and minus this off from the amount which it is now - that is how much those bike dealers can possibly make,” said Mr Ong.

    In particular, COEs obtained before February’s new three-tiered Additional Registration Fee (ARF) ruling kicked in could be of high resale value in the COE trading market, according Dr Theseira. “The high value of pre-February Category D COEs comes from the fact that they allow registration without paying tiered ARF.”

    Mr Ang from S1 Motoring agreed that this means some dealers are hanging on to older motorbike COEs obtained before the ARF ruling as they have a higher potential value in the COE trading market.

    “People are still definitely hanging on to older COEs which are unaffected by the ARF rulings,” he said. “There will probably be such cases where these COEs will be sold at a marked-up cost.”

    Dr Theseira explained further: “Any dealer with one of these COEs can effectively pocket the difference between a bike's price with tiered ARF and without tiered ARF. A buyer who doesn't want a pre-February Cat D COE will have no choice but to get a COE today, and pay the tiered ARF.

    “In turn, this means that dealers with these COEs will be quite reluctant to release them except for the highest valued bikes. This contributes to the current tight market condition.”

    The net result of dealers hoarding these “higher value” COEs is that demand has been outstripping supply even further, which means that anyone in the market for a motorbike COE - whether it is a dealer looking to secure one for a confirmed buyer, or someone looking to make money from the trade in COEs - will need to bid high.

    PROFITING FROM LOAN FINANCING

    While some dealers have complained that higher COEs may be pricing some customers out of the market, Dr Theseira believes that others may be happy about the current situation with no desire to bring down premiums, as in-house loan financing is another way dealers profit from high COE prices.

    He said: "Some dealers provide financing for their bikes. Since the total price of the bike is financed, every additional dollar means more profits from financing.”

    Dr Theseira added: "To some extent, the car industry suffers from the same problem - that dealers are quite happy to sell more expensive COEs and hence cars because they benefit from financing - but the problem is not as severe because car dealers usually provide financing from banks, and so their profit on financing is limited only to the commissions they get from banks.

    "But in the motorcycle market, dealers often provide in-house financing, so they directly benefit from the interest charged on a larger loan."

    It is therefore in the interest of dealers to keep COE prices high, said Dr Theseira. “Some of the dealers are sitting on inventory of COEs and bikes. This inventory value, if purchased at higher COE prices, would fall if COE prices were to go down.”

    He added: “To avoid taking this loss, dealers with large stocks of COEs, or with stocks of motorcycles already registered with COEs, would prefer it if COE prices were maintained or even rose. When the COE price rises, they can justify selling a motorcycle with a COE obtained at a lower price at a high price, and book the difference as pure profit.”

    “CUSTOMERS CAN ALWAYS WALK AWAY”: SMCTA

    The reason behind the rise in COEs is an increasingly hot topic for Singapore’s motorcycling community and LTA is also making attempts to drill into the issue. Responding to Channel NewsAsia’s queries, a spokesperson said: “The LTA is meeting some of the major motorcycle dealers to better understand the recent trends in COE prices and motorcycle purchases.”

    Meanwhile, Singapore Motor Cycle Trade Association (SMCTA) honorary general-secretary Norman Lee played down the potential impact of COE speculation. He said: “There are a lot of netizens who are saying that motorcycle dealers are speculating the system. With that, I think the question is, how much trust do we have in the integrity of the COE bidding? If it can be speculated, we have to question the integrity of the system.”

    The onus is still with the buyer on whether or not the sale will go through, said Mr Lee. “When it comes to a sales agreement, the COE value is always stated in the sales agreement. If the COE cannot be bid on the agreed terms, the customer can always walk away. We’ve never seen a customer who has brought this issue up to CASE to say that they have been cheated of a high COE.”

    He added: “We went through all the reports and we found dealers who indeed had buyers who cancelled their orders, back when the COE was (initially) pegged at S$6,800 during their sales agreement. When the COE prices later shot up to S$7,400, buyers decided to back out of the sales agreement - which can be done.

    “Those buyers who are thinking of bailing out (however) ... would have to decide between simply accepting the COE despite the high current price, or wait it out and risk the COE jumping even higher in the next two weeks.”

    With the next COE exercise due on Wednesday (Apr 12), the focus once again will be on whether motorbike premiums reach another record high.

    - CNA/fr

     

     
  22. #72
    wait4me
    my friend's , friend is my enemy
    SBF Lacer wait4me's Avatar
    Join Date
    Sep 2005
    Location
    the far east
    Posts
    39,738
    Feedback Score
    1 (100%)
    Mentioned
    63 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    They are not doing anything illegal, but because no COE = no bike sales, they just bid any amount.

    Which bike shop can bid the most COE then can sell the most bike. Will you buy a bike from a shop if COE not included?

    No matter how high the COE price, everything also is we pay. Including the interest. So if the financing is in-house, the bike shop benefit the most.
    yeah , you got that right,
    now waitng for them to increase their interest..

    now COE is transferable , wa if i got 200k now
    i can bid 10k for next coe hor??
    then sell my COE to those who need at a higher price?
    does it work this way ?
    一路向北 4 EVER , my friend



  23. #73
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by Bikeninja View Post
    Here is a very good analysis of the Motorcycle conundrum of which we are facing currently

    http://www.channelnewsasia.com/news/...o/3660820.html

    - CNA/fr
    Thanks for sharing. I had been saying this for more than a year and no one gave a **** to what I said. Haha.

    Finally.

  24. #74
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by wait4me View Post
    yeah , you got that right,
    now waitng for them to increase their interest..

    now COE is transferable , wa if i got 200k now
    i can bid 10k for next coe hor??
    then sell my COE to those who need at a higher price?
    does it work this way ?
    Yes and no. Yes you can profit is you do a transfer but you need a company as last check is cannot transfer between 2 individuals.

    And no, you cannot profit because we will look for you and kill you before you sell. Hahahaa. Just kidding.

  25. #75
    MR BIKER
    statue but not status
    TeePee MR BIKER's Avatar
    Join Date
    Jun 2004
    Posts
    1,932
    Feedback Score
    0
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)

    Default

    GOOD article. I know, dr t knows it. only LTA dont know it

  26. #76
    wait4me
    my friend's , friend is my enemy
    SBF Lacer wait4me's Avatar
    Join Date
    Sep 2005
    Location
    the far east
    Posts
    39,738
    Feedback Score
    1 (100%)
    Mentioned
    63 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    Yes and no. Yes you can profit is you do a transfer but you need a company as last check is cannot transfer between 2 individuals.

    And no, you cannot profit because we will look for you and kill you before you sell. Hahahaa. Just kidding.
    lol , open company cheap cheap only ma
    ok selling my BTO now to fund it lol
    一路向北 4 EVER , my friend



  27. #77
    bluehulk
    has no status.
    P Plate
    Join Date
    Apr 2017
    Posts
    52
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    gahment earns more money as coe goes higher. more profit for them

  28. #78
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Seems like more and more ppl are bidding for their own COE..

    From $1 -> $2 -> $52 -> $101... NICE!!

    Don't use the COE from bike shop!! They can include the COE in the installment for you because they earn from the interest..

    If we stop using their COE, they will stop bidding with those ridiculous amount..

  29. #79
    reize
    has no status.
    Class 2B reize's Avatar
    Join Date
    Jan 2012
    Posts
    320
    Feedback Score
    0
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    Seems like more and more ppl are bidding for their own COE..

    From $1 -> $2 -> $52 -> $101... NICE!!

    Don't use the COE from bike shop!! They can include the COE in the installment for you because they earn from the interest..

    If we stop using their COE, they will stop bidding with those ridiculous amount..
    I never tried before because i'm a "always buy second hand" guy. But can buy a bike first from a dealer, without COE, and later on register it yourself when you get the COE at a later date? Or must COE in hand then the dealer will give you the bike?
    Check out my Website! : www.reizeprimus.tk

    Or watch my Youtube channel for more Motovlogs and Motorcycling Content! : www.youtube.com/ReizePrimus

  30. #80
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by reize View Post
    I never tried before because i'm a "always buy second hand" guy. But can buy a bike first from a dealer, without COE, and later on register it yourself when you get the COE at a later date? Or must COE in hand then the dealer will give you the bike?
    U can either bid the COE 1st then buy a bike or book a bike at the dealer then bid. Either way, u can only register a bike when u have the COE. N u also have to check with the bike shop if they allow this, any "admin charges" etc. And some dealers can bid on your behalf at the amount u state.

    Anyway, these $1 - $500 bids have always been there. Its the bid distribution that is more important. U can find it on LTA website.
    Liverpool revival has started....

  31. #81
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kzone View Post
    U can either bid the COE 1st then buy a bike or book a bike at the dealer then bid. Either way, u can only register a bike when u have the COE. N u also have to check with the bike shop if they allow this, any "admin charges" etc. And some dealers can bid on your behalf at the amount u state.

    Anyway, these $1 - $500 bids have always been there. Its the bid distribution that is more important. U can find it on LTA website.
    Yap, those bids had always been there.. But you never get to see those amount showing normally.. Lol

    If you had been following, you will most likely only see the jump from $1 to $6k

     

     
  32. #82
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    Yap, those bids had always been there.. But you never get to see those amount showing normally.. Lol

    If you had been following, you will most likely only see the jump from $1 to $6k
    ahh I see... I don't follow on the live bids that closely. Wat was the jump this time?
    Liverpool revival has started....

  33. #83
    kaiq
    has no status.
    TeePee
    Join Date
    Jul 2003
    Posts
    2,791
    Feedback Score
    0
    Mentioned
    6 Post(s)
    Tagged
    0 Thread(s)

    Default

    These small amount bid can still be there, but in the end the dun get the COE right? After all, the final price is the minimum value of the highest reserve price group of that quota.

  34. #84
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kaiq View Post
    These small amount bid can still be there, but in the end the dun get the COE right? After all, the final price is the minimum value of the highest reserve price group of that quota.
    True but it reflects the market sentiments. That's y I like to look at the bid distribution on LTA website.
    Liverpool revival has started....

  35. #85
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kzone View Post
    True but it reflects the market sentiments. That's y I like to look at the bid distribution on LTA website.
    I also frequently look at that after every bidding.. But that only reflects the distribution of successful bids.. Wish they could also show us those unsuccessful one and we would know how many ppl still pray and hope for $1 COE..

  36. #86
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    I also frequently look at that after every bidding.. But that only reflects the distribution of successful bids.. Wish they could also show us those unsuccessful one and we would know how many ppl still pray and hope for $1 COE..
    but with open bidding, $1 will no longer happen. Once the leakage to Open CAT has stopped and the new ARF impact has stabilised, we can see whats the new COE level.. probably by July.
    Liverpool revival has started....

  37. #87
    kaiq
    has no status.
    TeePee
    Join Date
    Jul 2003
    Posts
    2,791
    Feedback Score
    0
    Mentioned
    6 Post(s)
    Tagged
    0 Thread(s)

    Default

    I tot $1 COE can appear if no. of bid is less than quota? Very hard though.

  38. #88
    MR BIKER
    statue but not status
    TeePee MR BIKER's Avatar
    Join Date
    Jun 2004
    Posts
    1,932
    Feedback Score
    0
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)

    Default

    AIYAH , no need to write so much. until the day when we bikers dont rely on shop to bid for us, or garment only allow authentic bike buyers or we ALL unite not to buy new bikes for the next 1 year or we educate young , just passed new bikers that old 2 leg bikes still good(no need to buy brand new bikes) , then i think we have a chance $1 coe will come but discussion like this, where dealers / shop owners can see what we are discussing will put us a disadvantage

  39. #89
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by MR BIKER View Post
    AIYAH , no need to write so much. until the day when we bikers dont rely on shop to bid for us, or garment only allow authentic bike buyers or we ALL unite not to buy new bikes for the next 1 year or we educate young , just passed new bikers that old 2 leg bikes still good(no need to buy brand new bikes) , then i think we have a chance $1 coe will come but discussion like this, where dealers / shop owners can see what we are discussing will put us a disadvantage
    if COE really $1, I'll be very very scared. What kind of environment & economy do you think we will be for $1 COE to be a reality?

    Another way is if other cost of ownership or taxes (ERP, road tax, parking etc) go up significantly.

    Either way, I prefer not for $1 COE to happen.
    Liverpool revival has started....

  40. #90
    MR BIKER
    statue but not status
    TeePee MR BIKER's Avatar
    Join Date
    Jun 2004
    Posts
    1,932
    Feedback Score
    0
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)

    Default

    kzone, having a $1 coe doesnt mean anything in the environment or economy. it happend for many months years ago. maybe you were very young then , but i think the economy still the same as its now maybe more people.
    the economy will surely be adaptable to the change just like now. to me its always cyclical.it goes up and then comes down. while it can and may go down to even $1 but if garment is pro business companies then average individua bike users may need not be able to see anymore $1 coe

  41. #91
    kaiq
    has no status.
    TeePee
    Join Date
    Jul 2003
    Posts
    2,791
    Feedback Score
    0
    Mentioned
    6 Post(s)
    Tagged
    0 Thread(s)

    Default

    I know 2002, 03 got $1 COE, and I tot then was the economic depression period? 8 rounds of bidding with $1 COE... those were the days...

     

     
  42. #92
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by MR BIKER View Post
    kzone, having a $1 coe doesnt mean anything in the environment or economy. it happend for many months years ago. maybe you were very young then , but i think the economy still the same as its now maybe more people.
    the economy will surely be adaptable to the change just like now. to me its always cyclical.it goes up and then comes down. while it can and may go down to even $1 but if garment is pro business companies then average individua bike users may need not be able to see anymore $1 coe
    Quote Originally Posted by kaiq View Post
    I know 2002, 03 got $1 COE, and I tot then was the economic depression period? 8 rounds of bidding with $1 COE... those were the days...
    I think that was during the close bidding system? Where there was no live update of the current highest bid, so u wont even know how many people and how much was bidded. Only after the bid close then u will know the result.

    With the current open bidding system, if the amount remains at $1 till near closing, many dealers & individual will bid higher to get the "cheap" COE. In the end bid till no more cheap COE.
    Liverpool revival has started....

  43. #93
    xiaoviper
    loves riding
    Class 2B
    Join Date
    Aug 2010
    Posts
    318
    Feedback Score
    0
    Mentioned
    4 Post(s)
    Tagged
    1 Thread(s)

    Default

    http://www.straitstimes.com/singapor...cat-c-drops-to
    "Up to the last 5 mins of the bidding, the premium stayed at $2."

  44. #94
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by xiaoviper View Post
    http://www.straitstimes.com/singapor...cat-c-drops-to
    "Up to the last 5 mins of the bidding, the premium stayed at $2."
    So it happened exactly as wat I said.

    Quote Originally Posted by kzone View Post
    With the current open bidding system, if the amount remains at $1 till near closing, many dealers & individual will bid higher to get the "cheap" COE. In the end bid till no more cheap COE.
    Liverpool revival has started....

  45. #95
    duo
    would rather be a troll than the champion..
    SBF Lacer duo's Avatar
    Join Date
    Aug 2009
    Posts
    5,156
    Feedback Score
    8 (100%)
    Mentioned
    27 Post(s)
    Tagged
    1 Thread(s)

    Default

    Quote Originally Posted by MR BIKER View Post
    AIYAH , no need to write so much. until the day when we bikers dont rely on shop to bid for us, or garment only allow authentic bike buyers or we ALL unite not to buy new bikes for the next 1 year or we educate young , just passed new bikers that old 2 leg bikes still good(no need to buy brand new bikes) , then i think we have a chance $1 coe will come but discussion like this, where dealers / shop owners can see what we are discussing will put us a disadvantage
    With new 2B bikes coming out that are aesthetically pleasing I doubt most newly minted riders will wanna get the old outdated looking 2nd leg bikes.

    Quote Originally Posted by MR BIKER View Post
    kzone, having a $1 coe doesnt mean anything in the environment or economy. it happend for many months years ago. maybe you were very young then , but i think the economy still the same as its now maybe more people.
    the economy will surely be adaptable to the change just like now. to me its always cyclical.it goes up and then comes down. while it can and may go down to even $1 but if garment is pro business companies then average individual bike users may need not be able to see anymore $1 coe
    Was that in the early 90s? Still not eligible to enrol for licence yet then. Still remember my cousin used to always borrow my dad's bike on the weekends coz back then insurance was for any rider. And eligible age to take licence was 16? And nonsense 3 tier licence system I believe. Had no interests in bikes back then. Did not ever thought would need a bike for transport either. Just a school kid who kept overhearing people around talking about this and that. Back when life was simple.
    Last edited by duo; 29-04-2017 at 10:55 AM.
    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..

  46. #96
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Guys, there are high unused COE for the recent 2 bids. There are limited information on how they handle these COE, anyone got info on these?

    The only thing I got is that these unused COE will be rolled over to the next respective bidding exercise, i.e. 3 mth later. Any one care to verify this information? Thank you.

  47. #97
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Guys, there are high unused COE for the recent 2 bids. There are limited information on how they handle these COE, anyone got info on these?

    The only thing I got is that these unused COE will be rolled over to the next respective bidding exercise, i.e. 3 mth later. Any one care to verify this information? Thank you.

  48. #98
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kzone View Post
    but with open bidding, $1 will no longer happen. Once the leakage to Open CAT has stopped and the new ARF impact has stabilised, we can see whats the new COE level.. probably by July.
    So we have seen that COE stabilised at 6k level.

    Quote Originally Posted by victorp View Post
    Guys, there are high unused COE for the recent 2 bids. There are limited information on how they handle these COE, anyone got info on these?

    The only thing I got is that these unused COE will be rolled over to the next respective bidding exercise, i.e. 3 mth later. Any one care to verify this information? Thank you.
    Yeah man. rarely there's so many unused COE. Yeah, these unused COE will be added to the next 3 mths COE cycle.

    so looks like the COE decline will start again next cycle... slowly. This is how they avoided a crash.
    Liverpool revival has started....

  49. #99
    victorp
    has no status.
    P Plate
    Join Date
    Jun 2016
    Posts
    60
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by kzone View Post
    Yeah man. rarely there's so many unused COE. Yeah, these unused COE will be added to the next 3 mths COE cycle.

    so looks like the COE decline will start again next cycle... slowly. This is how they avoided a crash.
    NO!!! This is how we can crash the market.. LOL

    For example, there are a total of 474 COE in this bidding. We amass 475 riders and bid a fix amount, say $6k.

    The COE QP will show as $6001 as there are not enough COE for the rider at $6k price point. The unused COE will then be 474, which will be rolled over.

    After rolling for these 3 mth period, the price should plummet with near 1k COE quota in every bid for the next 3 mth period.

    The price to pay for those 475 rider is only $2 each bid, total $12. Moreover, we can bid ridiculous pricing since there will always be someone bidding 40% above the QP based on the statistic data. Let him pay for $10k COE or at let him forfeit the $200 deposit since those ppl don't play by the rule.

    *Let me daydream as there is no way I can coordinate such activity

  50. #100
    kzone
    has no status.
    Class 2
    Join Date
    May 2007
    Posts
    1,135
    Feedback Score
    0
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Default

    Quote Originally Posted by victorp View Post
    NO!!! This is how we can crash the market.. LOL

    For example, there are a total of 474 COE in this bidding. We amass 475 riders and bid a fix amount, say $6k.

    The COE QP will show as $6001 as there are not enough COE for the rider at $6k price point. The unused COE will then be 474, which will be rolled over.

    After rolling for these 3 mth period, the price should plummet with near 1k COE quota in every bid for the next 3 mth period.

    The price to pay for those 475 rider is only $2 each bid, total $12. Moreover, we can bid ridiculous pricing since there will always be someone bidding 40% above the QP based on the statistic data. Let him pay for $10k COE or at let him forfeit the $200 deposit since those ppl don't play by the rule.

    *Let me daydream as there is no way I can coordinate such activity
    then the magic hand will enter 474 bids at $6001. The 475 ppl who want to buy a bike didn't get COE this round will then bid higher next round.. COE rises, more ppl bid higher n higher n COE rises to 8k once again. Then govt come in to help by introducing VES on bikes which obviously will impact bigger bikes more, reducing pressure on COE to reduce it to 7k. LOL
    Liverpool revival has started....

Page 2 of 3 FirstFirst 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •