
honda5583
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Everything posted by honda5583
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As long the bike has no sign of old leak, fork leak, fuel leak and engine knocking sound it should be fine. Buying a second hand bike is like buying 4D. It is all about luck. Even the seller also cannot assure u all the parts can last you for 6 months. A good seller will show proof what is being done to the bike. (ie: receipts of servicing and repair records)
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Test ride and nothing happens is ok. What if buyer knock someone down or bang onto a new car, who is going to responsible for the damage? Bear in mind that the bike is registered to the seller. I would rather not sell my bike if buyer die die wanna test ride. Frankly speaking, test ride may not know the minor problems of the bike. Only the seller will know what are the problems. Whether the seller wanna be honest and tell the seller is a separate issue. I am not surprise that the so call "young punk buyer" is in this forum as well. If you are, be responsible and let sellers know why u are not buying that bike. MIA is an irresponsible attitude.
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OMG... the COE price we see in the live bidding system is actually the lowest bidding price after the quota reached. I always thought we will see the highest price. That means there are bids higher than $6302. Maybe $6400, $6505 or even $6888. If 3 different bidders' reserved price are the same, which bidder will be kicked out?
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That means the lesser the numbers of bids, the better it is. Nobody will know the highest price becoz the system will show $1.
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To me, there is nothing to monitor also. The COE price for today and tmr will most likely to be $1.
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If there are 5 bidders for bike and the amount is $1. There are really 5 bidders bid for $1 for the COE? Is it how the system will show? IMO, why waste time to bid for $1 when u and me knows that it will never secure a COE for just $1.
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Since bidding is always last min, den I dun see the need of having 3 days period bidding exercise. 1 day bidding exercise will do. All dealers will bid on that day and finish it.
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This current bidding quota for bike is 355. It means 355 COEs will be given right. If the number of bidders is 370, maybe 90% of the bidders will get the COE right. I dun understand why is it a need to bid until $6k if 90% of the bidders will get the COE. Unlike cars, we can see the bidding amount slowly rises from hundreds to thousands.
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So for today and tmr, the COE price ($1) is for us to see and shiock. After feeling shiock for two days............ The final bidding price come out on Wed, all of us will shock instead of shiock.
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From what I understand, the COE price will be $1 for today and tue for sure. On Wed maybe the last few minutes before bidding ends, it will jump to $6k+++. Isn't it weird? Or maybe I dun understand how the system works.
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Actually I dun quite understand how this COE bidding system works, anyone working in LTA to explain it? To me, it is not so transparent. All we see in the live bidding system are figures only. Whether there are so many bidders that bid for the COE, nobody knows. Whether the bidding amount is really bid by bidders, nobody knows.
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Not that. Is due to economy not doing well now. If economy get worst, some ppl will lose their job or some companies might not make it. Who still have the ability to buy new cars or bikes when they have lost their job? If lesser ppl buying new cars or bikes, do you guys think the COE will drop? My guessing is not 100% accurate but I do hope that i am right.
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Your concerns not only restricted bike owners, cars owners are feeling the same too. Assuming you can afford the high COE, ask yourself is it worth to spend so much just to own a vehicle. My suggestions is to hold on to your old bike first. If we go with the flow of the system, COE prices will remain so high. Remember, dealers are more worried than us if everyone hold on to their old bikes. They have rental to pay, employees to feed, COE on hand to let go within a specific period of time, etc. That is why those flexible loans comes in to lure bike owners to get a new bike. Anyway, nobody can force a cow to drink water if the cow doesn't wants to. So the decision is still up to individual.
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Sometimes we cannot just look at the price and number of years left. We also must take into considerations the modifications done, accessories and nice number plate. All these will make the bike a bit more exp as compare to others of the same model. Perhaps 1-2k more. This kind of "extra" charges i can accept it.
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It will be more transparent to post it here. Thank you for your reply.
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May I know what is the reason for not posting your answers here?
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What is the interest rate per year? Is there any minimum years of loan to take? Any penalty for early repayment of loan?
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I am not sure about this arrangement. But I do know that by doing this, we are encouraging the COE price to remain at the current status. (ie: super high) So think twice about doing this.
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I believe all of us would like to own a new bike and it feels good to own a new bike. However, paying $6k for the COE is ridiculous to me. IMO, COE for bikes may drop by end of this year or latest by early months of 2016. I hope my gut feeling is right. Buy a new bike now is like agreeing to the system and COE is unlikely to drop. One way to beat the system is by reducing the demand for new bikes. The lesser the demand, the lower the COE. Patience... patience... patience...
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If i were you, ride till the last day of COE den buy a secondhand bike and wait for COE to drop further. Trade in the bike when u feel that COE is affordable for you. Many car owners are doing this now, that is why we can see many old model cars on the road.
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