Sian!! Higher prices for big bikes

[kotek69]

Nasty surprise for all Class 2A and Class 2 riders from budget day today:

 

http://carbuyer.com.sg/index.php/news/1204-singapore-budget-2017-cars-bikes-tiered-arf-diesel-tax

 

Sianz...

[TwoWheelsOnly]

Increase in ARF but motorcycle de-registration value still zero $$??:?

[hachi]

The motorcycle population has been slowly decreasing as very few Open category COEs have been used to register them.

Oh there are people who use open cat to register for motorcycles????

 

Mr Heng explained that a small but rising number of buyers are buying expensive motorcycles, with OMVs similar to those of small cars.

To address this, the tiered ARF will be introduced for motorcycles registered with COEs obtained from the second February bidding exercise onwards.

Is expensive already still make it more expensive???

I cannot understand the rationale of this statement...After he got stroke, he cannot think properly???

[KILROY68]

i seriously cannot comprehend why target the minority of bike enthusiast who willing to spend their hard earned $ on something they love. Its not like we use it as our daily commute and hog the roads. Seriously .. show us stats the prove the need to come out with this silly initiative.

[kzone]

i seriously cannot comprehend why target the minority of bike enthusiast who willing to spend their hard earned $ on something they love. Its not like we use it as our daily commute and hog the roads. Seriously .. show us stats the prove the need to come out with this silly initiative.

 

it's a luxury tax... similar to cars. to differentiate bread n butter models and luxury ones

[kawarides]

it's a luxury tax... similar to cars. to differentiate bread n butter models and luxury ones

 

Yes, I agree to this statement.

I believe is good ONLY IF this can help to lower down the current COE prices

[buttbutt8]

Yes, I agree to this statement.

I believe is good ONLY IF this can help to lower down the current COE prices

I don't think COE for bikes will go down as the demand for bikes will be there as long as car prices remain unaffordable. I rather ppl buy a luxury bike then a small car as it takes up lesser space on the road.

[buttbutt8]

The motorcycle population has been slowly decreasing as very few Open category COEs have been used to register them.

Oh there are people who use open cat to register for motorcycles????

 

Mr Heng explained that a small but rising number of buyers are buying expensive motorcycles, with OMVs similar to those of small cars.

To address this, the tiered ARF will be introduced for motorcycles registered with COEs obtained from the second February bidding exercise onwards.

Is expensive already still make it more expensive???

I cannot understand the rationale of this statement...After he got stroke, he cannot think properly???

 

Not he can't think, he is not a rider.

[kzone]

Yes, I agree to this statement.

I believe is good ONLY IF this can help to lower down the current COE prices

 

COE will definitely go down but not to the level u want. in any case, it's the demand that fuel COE price increases. And it's not uncommon to see bikers owning more than 1 bike... even 3 or 4. with this recent changes, we might see less in future.

[MR BIKER]

double post

[MR BIKER]

they are not helping us with the incessant number of pollution created by malaysia riders, their parking as you like as if they are in malaysia, their incredible riding skills, their taking away singapore riders job for delivery etec, etc etc. and this is how they collect their fund?? economy is bad for citizen, i think its the same for the garment.

 

"they" say bmw1200 is luxury and thus arf mus t rise. when will this stop???. later in future, their excuse will be honda wave also is a luxury as the demand is more for wave and thus arf will increase 200% sheeeshhhhhhh

 

many of my friend kena stroke but no bleed in the brain and thus need not operate. but this heng ah really heng. kena stroke, operate and walau, a few months later can come out with this incredible idea

[Yahmarhuh]

will we see 2nd hand bike sellers increasing their prices now?

[mrfr0sty]

I would expect 2nd prices to go up. If a new Harley is now going to be $60k, it wouldn't make sense for a seller to list a second hand one at current rates (around $20k'ish).

[crazytown]

It is certainly something to consider raising the price of a second hand bike now it is going to put so much on top of the price of a new bike.

I was considering going for a new MT-10 at some point, now will stay with my MT-09.

No interest in paying tax for the sake of paying tax.

 

Below taken from LTA website.

 

Example:

The ARF payable for a motorcycle/ scooter with an OMV of S$12,000 will be calculated as follows:

 

Vehicle OMV

(S$12,000) ARF Rate ARF Payable

First S$5,000 15% 15% x S$5,000 = S$750

Next S$5,000 50% 50% x S$5,000 = S$2,500

Above S$10,000 100% 100% x S$2,000 = S$2,000

 

Total ARF payable is (S$750 + S$2,500 + S$2,000) = S$5,250

[kotek69]

Increase in ARF but motorcycle de-registration value still zero $$??:?

 

That is actually an excellent point

[kawarides]

Not he can't think, he is not a rider.

 

[kawarides]

It is certainly something to consider raising the price of a second hand bike now it is going to put so much on top of the price of a new bike.

I was considering going for a new MT-10 at some point, now will stay with my MT-09.

No interest in paying tax for the sake of paying tax.

 

Below taken from LTA website.

 

Example:

The ARF payable for a motorcycle/ scooter with an OMV of S$12,000 will be calculated as follows:

 

Vehicle OMV

(S$12,000) ARF Rate ARF Payable

First S$5,000 15% 15% x S$5,000 = S$750

Next S$5,000 50% 50% x S$5,000 = S$2,500

Above S$10,000 100% 100% x S$2,000 = S$2,000

 

Total ARF payable is (S$750 + S$2,500 + S$2,000) = S$5,250

 

Extra 4.5k from 1 bike only....that's some good LTA scholar critical thinking.

[SoftailSlimS]

Really bad timing. I just got my 2A and this happened......

 

Was thinking of getting my class 2 and get a Harley Davidson before I turn 40, looks like it going to be kicked further down.

 

My thinking is that COE will come down to 3.5K to 4K prices since the quota will increase by quite a fair bit. This will benefit the majority or about half the biker community with smaller capacity engines. The food companies will rejoice since their cost for delivery will come down.

 

Those who agree that it is a luxury tax which mirrors the car's back in 2013, it is rightly as so. As our Mr Heng puts it, high end bikes OMV are about the same as those of cars, it will be seen as a 'small car'. If you look at it this way, those with the money to buy a small car opted to buy a high end bike will pay similar prices.

 

The argument we cannot swallow is the space and capacity that a car take up is so much more than a large bike. So why are we paying that kind of rate.

 

A Harley Road King will cost about $60K-$70K now with the adjusted rate. 2nd hand ones will be jacked up as well.

 

The Softail Slim S which I am eyeing for will cost about $50K to $60K now from $45K in the showroom last month. I am lost for words ... ....

[mrfr0sty]

For a bike with OMV of $28,000

 

ARF is up from $4,200 to $21,250

 

[reize]

Those who agree that it is a luxury tax which mirrors the car's back in 2013, it is rightly as so. As our Mr Heng puts it, high end bikes OMV are about the same as those of cars, it will be seen as a 'small car'. If you look at it this way, those with the money to buy a small car opted to buy a high end bike will pay similar prices.

 

The argument we cannot swallow is the space and capacity that a car take up is so much more than a large bike. So why are we paying that kind of rate.

 

I think what is going to make it even harder to swallow, and give you an indication that this is nothing more than a government mandated mafia style shake down scam, is that motorcycles are still not eligible for rebates when they deregister before 10 years even after the ARF increase, while cars have had it all the while.

[kawarides]

I think what is going to make it even harder to swallow, and give you an indication that this is nothing more than a government mandated mafia style shake down scam, is that motorcycles are still not eligible for rebates when they deregister before 10 years even after the ARF increase, while cars have had it all the while.

 

This they act blur first until someone make noise

[jtzx]

So 2nd hand market for class 2 bikes. Will be more popular

 

 

Sent from my iPhone using Tapatalk

[kzone]

2nd hand market will get a boost... I see many good bikes for sale but people prefer to buy new especially for big bikes despite the high COE prices. hopefully with will create a more vibrant 2nd hand market and force dealers to lower their margins on new bikes to be more attractive.

[journey]

For a bike with OMV of $28,000

 

ARF is up from $4,200 to $21,250

 

 

Which bike has an OMV of $28K???

[reize]

Which bike has an OMV of $28K???

 

Goldwings?