Jump to content
  • Join SingaporeBikes.com today! Where Singapore Bikers Unite!

    Thank you for visiting SingaporeBikes.com - the largest website in Singapore dedicated to all things related to motorcycles and biking in general.

    Join us today as a member to enjoy all the features of the website such as:

    • Forums
    • Blogs
    • Picture/Video Gallery
    • Motorcycle Clubs
    • Event Calendar
    • and many more!

    Registering is free and takes less than 30 seconds! Join us today to share information, discuss about your modifications, and ask questions about your bike in general.

    Thank you for being a part of SingaporeBikes.com!

Sian!! Higher prices for big bikes


Recommended Posts

  • Replies 128
  • Created
  • Last Reply

Top Posters In This Topic

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???

Bikes Owned: LC125 RXZ135 GSXR400RP CB400VS CB400Spec2 SV650 02CBRF4i FZ1000 CBR929 05YZF-R6 CBR150 HondaSonic125 Yamaha_CygnusX125 KymcoGrandink_250 Hornet_250 04_Yamaha_Tmax Silverwing 400 FZ6_S2 GSXR600K7

 

Current bikes: NIL

Gear 4th

http://45.media.tumblr.com/f183dbd75b05df79cf6f77dba98d7339/tumblr_o1sqbk4h8Z1s5rcozo1_400.gif

Link to post
Share on other sites

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.

http://thumbnails110.imagebam.com/29809/9a690b298083318.jpg

 

19xx - SUZUKI GTO110, HONDA MBX125, SUZUKI RG250, KAWASAKI EN400, KAWASAKI NINJA400, YAMAHA RD350 (YPVS)

2012-14 - R1

2014-16 - S1000R

2014-PRESENT - EXC525 (2005)

2016-PRESENT - TMAX530 (2016)

WISHLIST - XDIAVEL S

Link to post
Share on other sites
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

Liverpool revival has started....

Link to post
Share on other sites
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.

May 2005 - July 2007: Honda Phantom TA200 (FU 3*** S)

July 2007 - Dec 2016: Honda CB400 Spec III (FBB 7***X)

Dec 2016 - Aug 2017: Yamaha FZ1N (FBD 4***E)

Aug 2017 - Present: Kawasaki Z1000SX (FBF 6***B)

 

Boono :cool:

Link to post
Share on other sites
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.

May 2005 - July 2007: Honda Phantom TA200 (FU 3*** S)

July 2007 - Dec 2016: Honda CB400 Spec III (FBB 7***X)

Dec 2016 - Aug 2017: Yamaha FZ1N (FBD 4***E)

Aug 2017 - Present: Kawasaki Z1000SX (FBF 6***B)

 

Boono :cool:

Link to post
Share on other sites
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.

Liverpool revival has started....

Link to post
Share on other sites

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

Link to post
Share on other sites

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:puke:

Forever the Foreigner

Link to post
Share on other sites
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:puke:

 

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

Link to post
Share on other sites

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 ... ....

Link to post
Share on other sites
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.

Check out my Website! : www.reizeprimus.tk

 

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

Link to post
Share on other sites
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 :clap:

Link to post
Share on other sites

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

 

 

Sent from my iPhone using Tapatalk

JOSHUA

class2B -26/2/09

class 2A -27/7/10

class 3 - 6/1/11

class 2 - 30/8/12

 

http://i920.photobucket.com/albums/ad44/jtzx/Image0020_JROT42b4_edited.gif?t=1246004022

Link to post
Share on other sites

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.

Liverpool revival has started....

Link to post
Share on other sites
Which bike has an OMV of $28K???

 

Goldwings?

Check out my Website! : www.reizeprimus.tk

 

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

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...