patriots

Part 2, continue

3) The other ARF tier of 50% for motocycle with open market value above 5,000 and ARF of 100% for those above 10,000 in my view is to discourage potential new riders and to increase public transport usage. They also attempt to penalize existing car drivers who also has motorcycle license and wants to return to riding because of higher car COE. Higher CC motorcycle also has lower fuel economy and pollutes the environment, and is designed to discouraged new riders to go for less fuel efficient motorcycle too. E.g Honda ST1300 is 14.5 km/litre vs Honda vezel Hybrid (Car) 19 km/litre.

4) Overall I am not impacted from their policy. In fact I don't think I will not changed bike, and will continue to re validate ST1300 COE for years to come.

Cheers

Hi Greenzaa,

Sorry for late response as I seldom check my mailbox

1) On your question on what have I benefited from buying eariler before the budget was announced. It will be $5k more for buying a big cc Honda ST1300 as compared to before the budget was announced. Even for used bike, the resale price will most likely gone up a little since the price of new bikes have gone up, the sellers will used the new bike price as benchmark.

2) My view of this policy for retaining ARF of 15% for motorcycle OMV $5000 or less is that the government wants to protect the small bike users such as dispatch riders, delivery man etc. These workers will have difficulties financing the bikes if the COE or ARF increases. If they are out of jobs because of expensive motorcycle, they might resort to crimes. Therefore this policy, coupled with removing xx% of deregistered bike's COE to be placed in open category serves this purpose.

As my message is too long, I will send u a part 2

Hi Patriot

I am a student and as part of my assignment I have to gather responses from bikers about the new law that they government put in place regarding introduction of ARF in motocycle purchase. As I have read your post previously about you having benefited from buying your motorbike before the budget 2017 was announced. Could you elaborate more on what exactly did you benefit from buying them earlier. Also, what do you think of this new policy if put in place how would it impact fellow riders who wants to buy a new motorbike in the future? The increase the ARF from 50% across the board to 50% for motocycle with open market value above 5,000 and ARf of 100% for those above 10,000. Also, please detailed how you see yourself better off or worse off from this policy. Thank you for your help. cheers and Thank you very much.

Best,

Ploy

Brother, Happy Birthday!!