COE Analysis

[Yahmarhuh]

let's wait for govt to impose loan restriction on bikes too. but with the relaxing of loan on cars, doesn't look like its gonna happen. next big change will be satellite erp, lets see.

[victorp]

Guys, not sure if this is good news... My friend had enquired 2 bike shop, and they allow buying of bike without COE... Although the price is not less 100% of the current COE, but it's like 95%++ still... Like what bro Orleng said, they might charge an admin fee...

[victorp]

The COE bidding exercise had started once again... For those who wish to find out more, please visit https://www.onemotoring.com.sg/1m/coe/coeDetail.html

 

The "happening" period will be 7th July between 2 to 4pm... You might be able to observe big jump in the COE pricing of a few thousand...

Edited July 4, 2016 by victorp

[hachi]

Noticed the COE increases a bit more? Some observations, it seem like there are less new big bikes around...Unlike the 07-09 golden era, where there were latest models everywhere...

[hachi]

ultimately the shop has cash to play with the system, consumer do not have. the COE system is smart yet screwed and unfair at the same time.

 

Well, the Gov will say it is a free market, I used this statement when I was in stat board as well.. The power of leverage makes thing seem cheap...

Going to transfer my pocket rocket tomorrow....Looking for my 20th bike....Hopefully COE can come plummeting down.

Advocate of self bidding as the upfront cost of bidding compared to car is not that high...Why people just cannot self bid. Once this culture has been established, there is no need to pay interests for this taxation....

[lepergnome]

coe so expensive now..........................................

[victorp]

Advocate of self bidding as the upfront cost of bidding compared to car is not that high...Why people just cannot self bid. Once this culture has been established, there is no need to pay interests for this taxation....

 

:thumb::thumb:

[hachi]

ll today be any different from last month....Why COE has not bear yet....

[victorp]

Today is a very depressing day... The dealers triumph once again in the game of "COE Bidding"... There might be individual bidding at such high amount, definitely, not just dealers... I believe such individual must be really in need of the COE as no one will be in the right state of mind to pay $6k for a piece of paper when you can even get it at $1... *Yes, I am dreaming

 

Not sure am I the only one who thinks that COE at $6k is overrated as there seems to be no issue with the shop selling their bike... I will ride my bike for another 5 more years then... hahaha

[hachi]

Last 7 mins, over 100 bids came in and surge to 6k, I am thinking if the jokers just bid $200, it would stayed here. I seldom see FBL bikes running around....If really drop to $1 will just get myself a cheap new bike for 5-6k, I never had a new bike before....

[duo]

Today is a very depressing day... The dealers triumph once again in the game of "COE Bidding"... There might be individual bidding at such high amount, definitely, not just dealers... I believe such individual must be really in need of the COE as no one will be in the right state of mind to pay $6k for a piece of paper when you can even get it at $1... *Yes, I am dreaming

 

Not sure am I the only one who thinks that COE at $6k is overrated as there seems to be no issue with the shop selling their bike... I will ride my bike for another 5 more years then... hahaha

To have the latest bike they will do anything. Plus nowadays seen many new bikes with p-plates. But then again maybe in the areas I frequent. Not sure about other places though. Also many shops makes it 'affordable' with zero downpayment and loans that stretch up to 5 years.

 

Last 7 mins, over 100 bids came in and surge to 6k, I am thinking if the jokers just bid $200, it would stayed here. I seldom see FBL bikes running around....If really drop to $1 will just get myself a cheap new bike for 5-6k, I never had a new bike before....

Lucky I got to get a new one before the COE starts to increase tremendously. Actually years ago had planned to change bike and get a FBM plate. But seeing how things are guess got to cancel that plan.

[simeone82]

It more like no choice but to follow the trend. it insane to pay high prices for a 2b bike.. Heck the price can even get you a decent class 2 bike but no choice.

Well now if COE drop tremendously, I also will be scared my old 2b bike can't sell but to keep for full 10 years liao...

[duo]

It more like no choice but to follow the trend. it insane to pay high prices for a 2b bike.. Heck the price can even get you a decent class 2 bike but no choice.

Well now if COE drop tremendously, I also will be scared my old 2b bike can't sell but to keep for full 10 years liao...

For me I would would buy a new bike only if I will be riding the bike more than 5 years. If not then just a used one will do. However been noticing alot of those who just passed and bought brand new bikes. Used less than 2 years then sell off to upgrade and the cycle repeats. Maybe they can afford it. I dunno. Current bike is brand new back when the COE was just 3 digits. Now its multiplied more than 10 folds! Guess will be riding it till its time to scrap seeing how crazy the COE is.

[victorp]

COE for CAT D can go lower for sure... Total Quota is 409, but 44 unused... Such a waste...

 

Due to my browser refresh rate, I cannot be sure that I'm right.. But I did saw the jump from 5k to 6k in the last min, this means that many people put their reserve at more than 6k and when the quota is not enough at the 5k mark, it jump straight to 6k...

 

And if you know how the bidding system works, you will know that it is almost impossible to have such a high unused rate... Meaning a dealer bid 45 COE at price X and only 44 are available... Thus this price X is pushed out of the successful bid range... Of cos this could also be the case where 45 individuals bid the same amount, and due to the transparency of this bidding system, what actually happened could only be our best guess...

 

 

https://www.lta.gov.sg/content/ltaweb/en/roads-and-motoring/owning-a-vehicle/vehicle-quota-system/certificate-of-entitlement-coe.html

[victorp]

Something to share, http://www.channelnewsasia.com/news/singapore/fewer-coes-available-for/2950462.html

[simeone82]

Something to share, http://www.channelnewsasia.com/news/singapore/fewer-coes-available-for/2950462.html

 

Everyone can only bid one application except for companies. So we all know who really pushes the COE up...

[dragous]

this is how coe works. bike shop bid for coe (without buyer). coe must be registered within 6 mths of successful bidding. buyer comes buy new bike. bike shop take sweet time say bidding on your behalf, but they monitoring see if coe go higher. near shelf life, they give u their stock coe. coe start from date of register but u will not know when they bid for it. reason : coe rebate.

 

buyer walks in buy bike without coe, bike will cost more than coupled with coe.

 

Sent from my Redmi Note 3 using Tapatalk

[victorp]

I was recently introduced to this guy by a friend of mine. He had purchased a black kawasaki ninja without COE bundled.

 

My friend, knowing that I'm very into lower the COE, arranged a meet up for me with this guy. Asked him several question but I believe you guys are more interested in the following question.

 

Q: Is it really more expensive to buy the bike without COE?

A: Yes and no according to him. He said that the bike price coupled with COE is normally fixed. So long you buy with the COE, the price of the bike this month and the next will be the same, unless the COE price changed drastically. But when buying without COE, most shop will use that "fixed price" less the COE of that month. If a bike is $10k with COE, and COE cost $1k this month, the bike will cost $9k without COE. But if the COE price is $2k next month, the bike will cost $8k. This is a simple scenario and in real life, the bike will cost $9.1k instead of just $9k. How you save $$ is by bidding the COE when it is $1k and buy the bike when the COE is $2k. But there is no control over the COE for the next month so I ignore it.

 

Q: Will the shop not sell you bike if you have your own COE?

A: Most shop will still sell you the bike. (He showed me email and SMS reply from those shop where he ask the price for the bike without COE) The question is how much they want to earn. If you have a workshop that you always go to, you can even ask the shop to help you buy the bike without COE. This is what he advise me to do saying that is the cheapest. From my point of view, you have 3 month to source, no rush.

 

Q: Paperwork

A: Pay the shop to do for you, $50 (excluding any payable by LTA)

 

Q: Insurance

A: The same with or without own COE. If the bike is still under hired purchase, most shop requires you to get their assigned insurance.

 

Final thought, I asked him the price he paid for his kawasaki and it is about the same price as when you buy off the counter when I checked online, less the extra effort. Worth it? Not really. Should we do it then? I think we should, or the COE will continue to be this high.

 

The demand for bike is not there at all when the loan for car lax, the number of bids and the number of unused COE for CAT D showed everything. Yet the increase in CAT D COE every month makes it as if everyone wants a bike as their mode of transport.

[MRliqiang]

thanks for sharing the information. Good to know

[Lokess]

is it just me or do the LTA answers contradict each other?

[victorp]

http://www.tnp.sg/news/singapore/motorbike-coe-price-rise-surprises

 

Even motor shop also said this, "speculative hoarding".

 

Mr Nicholas Wong, general manager of Honda agent Kah Motor, said there will be 10 per cent more COEs for motorbikes soon because the two-wheeler category will no longer have to contribute to the Open COE category.

 

"There was no reason for companies to bid aggressively," he said, adding that speculative "hoarding" by bigger players might have contributed to the price rise.

 

"The Government should make bike COEs non-transferable, like those for cars," he added.

[reize]

It would be better to just split the COE category by CC. Make one category for every 200cc. So one for >=200, 201-400, 401-600, 601-800, 801-1000 and finally 1000+.

 

Throw in 6 different categories and this will make it hard for bike shops to predict which category to get more of, and thus they will be more modest in how many COE's they grab, by playing it safe lest it be wasted. I think the only problem here is because the 200cc category is predictable, as it makes up 70% of all the bikes. Maybe further subdivision here is needed.

 

Or another method is to tie the bidding process to IC, where 1 IC can only bid for 1 COE per cycle. This will mean the buyer is forced to bid for the COE for themselves since it essentially blocks dealers from bidding for you, or you have to wait a bloody long time.

 

Right now preventing the transfer of COE has a small chance of hurting some of the unsuspecting newer buyers who do not know better. Dealer could just wait out the no-transfer period and give the buyer a bike with a COE that is less by X months.

[kzone]

It would be better to just split the COE category by CC. Make one category for every 200cc. So one for >=200, 201-400, 401-600, 601-800, 801-1000 and finally 1000+.

 

Throw in 6 different categories and this will make it hard for bike shops to predict which category to get more of, and thus they will be more modest in how many COE's they grab, by playing it safe lest it be wasted. I think the only problem here is because the 200cc category is predictable, as it makes up 70% of all the bikes. Maybe further subdivision here is needed.

 

Or another method is to tie the bidding process to IC, where 1 IC can only bid for 1 COE per cycle. This will mean the buyer is forced to bid for the COE for themselves since it essentially blocks dealers from bidding for you, or you have to wait a bloody long time.

 

Right now preventing the transfer of COE has a small chance of hurting some of the unsuspecting newer buyers who do not know better. Dealer could just wait out the no-transfer period and give the buyer a bike with a COE that is less by X months.

 

wah so many CAT, might as well suggest u bid per CC. So if use to register a 200cc bike, multiply ur COE by 200 and if use to register a 1000cc bike, multiply by 1000!

 

on ur suggestion, there is greater demand for

 

Anyway, there are many suggestions on how to reduce COE levels but all these will reduce govt's revenue collection. Y would they do it?

 

They finally stop the leakage to Open Cat after they found a way to get an alternative revenue stream via the new ARF.

[Gerald]

This is my first post on this forum so pardon me if I break any rules.

 

I had been following the COE (cat D) for the recent 1 year and after following multiple emails with LTA, I believe the cause for the high COE is due to the dealer being able to bid the COE.

 

I enquired with LTA and received an email from them on 9th June 2015 with the following statement:

 

 

 

I thus replied with information of my bike. I was issued a COE that the dealer bid 3 month before I purchased my bike. Given their statement, I could only think that the dealer is able to foresee that I will walk into their shop and buy from them, thus they bid a COE on my behalf 3 month before. But they replied on 14th September 2015, after multiple chaser, with the following statement:

 

 

 

We all know that to own a vehicle, we need the COE. What is stopping the dealer to bid high for the COE when they bear no cost as that will be paid by us, the rider.

 

I understand that some rider here will be asking why do I think that the dealer will bid such a high price for COE? So let me explain why I thought so.

 

- Firstly, every dealer/bike shop can have the physical bike, but only the shop that has the COE can sell those bike. COE for bike can be used for all cc, from your scooter to your harley so this COE (cat D) is very versatile. This encourage the dealer to bid for a lot of COE so that they can proceed with the sales.

 

- Secondly, if you look at the information LTA provided (transparent system), the bid amount distribution varies with huge differences. Search for the information here, Distribution of Successful Bids, and you will be surprised. People are actually bidding >40% of the QP. Do let me know with your replies here that you will bid with an amount of $10k and more for the COE as I don't know of any rider who would does that. BUT!!! The dealer will, as there will always be riders needing a ride and do they have a choice when LTA release the COE bidding result and the dealer just tell you "bo bian".

 

I know that it is easy for the dealer to do everything for us. And also the joy of getting a new bike within a few days after signing the paper. But we need to wake up as this is really bad for people who need the bike in their course of work. The solution is simple, only allow the dealer to bid with a actual buyer or disallow transfer of the COE for the first 3 month.

 

Although I can profit from selling my bike, amazing that I can sell my bike now for the same price I paid for it 4 years back, I would rather everyone who wish to ride be able to do so.

 

Reading this in 2017 April. COE is 8k already. Haha..

[victorp]

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.

 

We refer to your email of 16 March 2017, which was addressed to Minister for Transport Mr Khaw Boon Wan.

 

We appreciate the time you have taken to share with us your thoughts on the COE system for motorcycles.

 

We have taken note of your suggestion to restrict the transfer of ownership for motorcycles registered using Cat D COEs, and will take this into consideration as part of our regular COE policy reviews.

 

Thank you for your feedback.

 

Yours sincerely

 

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 :cry: