Sian!! Higher prices for big bikes

[filtered]

I think both bikes and cars COE cannot be transferred.

 

But the deposit for car COE is $10,000, bike is $200.

 

So let's say car shops buy COE in bulk and resell them to car buyers, if no car buyers, they lose $10,000 deposit after the COE's expiry date (six months) but the same situation will only cost the bike shops $200.

 

Also, bike shop can register the bike using the shop's name then transfer it to the bike buyer, then the number of transfer will be 01 instead of 00 (reflected in the computer screen), and a transfer fee of $11 must be paid, bike buyers usually CANNOT WAIT too long (more than a month) for their bikes, so they buy COE from bike shops at a profit if they cannot get a COE by the first attempt (bidding exercise).

 

Car transfer also cost $11 but many car owners are very particular on the number of transfer being 01 instead of 00, so many potential car buyers don't like this arrangement and most car buyers CAN WAIT 3 to 6 months for a car.

 

Bike shops can sell unused COEs at a profit provided the COE's prices are going up, if going down, they will sell at a loss. But then looking at the deposit of $200, they would rather let the COEs expire than to sell it at a loss of more than $200.

 

So the crux of the problem is, the bike COE deposit is too low. Since the COE prices is abut $6k, the deposit should be at $5k, so bike shop will not buy COE in bulk then sell at profit.

 

But then as customers, we have the biggest power. If bike shop sell you COE at a obscend profit, just walk away and look for another shop. I was not successful in my first try of bidding my bike COE and I then decided to buy the COE from a shop, they DID NOT make a single cent profit from the COE, just ask me to pay $11, because they know that if they do, they are going to lose me as a customer.

 

Well said...finally someone that understands why COE remaining high

 

And we all know who are the main dealers hogging the COE......*ahem....the 4 horsemen group together, can literally control the market

[kzone]

Well said...finally someone that understands why COE remaining high

 

And we all know who are the main dealers hogging the COE......*ahem....the 4 horsemen group together, can literally control the market

 

n they drive the price of the COE up cos there are enough buyers who are willing to pay for them.

[M0nster]

Sigh... gone were the good old days of cheap bike and cheap bike coe's... 😓

[Keynes]

I had a chance to speak to one of the 4 major mc dealers in Singapore last week...

For bro and sis intending to buy new, big, expensive bikes with high OMV, here are some info to share with you:-

 

1)Dealers will try to parallel import big bikes instead of buying them from the authorized agents (Boon Siew, Guan, Ho, etc) for the purpose of reducing the big bike prices, but for parallel importer, LTA will check ALL the bikes, instead of sampling checks for the case of authorised agents, so bikes will queue in LTA for a while, average waiting time for big bikes is about 2 to 6 months.... But it will be cheaper than getting from surprised agents.

2) dealers still have left over COE which is still under the old ARF , so these bikes should be lower in price, if the dealers don't take too much profit, note that these pre ARF COE is going to expire in 3 months tim....

3) dealers will only bring in big bikes with orders, usually with a small deposit.

4) COE is likely to ease from AugnSep onwards, dealers predict (or more aptly, control) to be about $3k to $4k. Cheers.

So for big bikes buyers, buy now using the pre ARF COE from dealers, for small bikes buyers, wait till sep.

My 2-cent with information.

For your information, please.