[General] Would you renew 10-year COE or buy a new bike?

[KwanYu]

Phantom has seized to be in production since 2 yrs back. Secondhand bro...

[Funky]

Hi folks,

 

August COE for bike even higher than July, sigh.

 

I wonder if this was in part due to soaring car COEs. My bike COE expiring Dec so wondering if prices will settle abit downwards towards Dec. So wondering what you guys think? Looking at the quota for bike seems to be upward trend (suspect more scrapping?) but the bids are also upward trend (too expensive? So class 3 downgrade to bike?).

 

Thanks for sharing your views!

[736cc]

singapore used to have 3m people. now is 5m people. if 10%, 50k people buying bike. Base on that i think bike COE will go up once more.. my bike is due to renew next month end... zzz

[chinhua]

I don't think COE for bike will drop 2k should be the average.

 

I already got letter to re-new at $1,859, waiting for end month to re-new

[shahrul_azmil3]

I forsee one day it will be a norm for car coe to be above 70k and bike coe at above 2k.

 

 

 

 

 

 

Azmil Sempit

[Silent Hunter]

I also got to know this couple of days ago. I was about to buy a phantom that had 6 months COE left and owner selling for just 200$. I agreed to buy, was thinking what the heck its only 200$ how much can I lose. Worst case I can just scrap it and if it is good condition then I can renew COE and ride as long as it is good and then scrap it and get the COE remaining back.

 

Then I did lot of research as to how exactly the scrapping process happens. That also is a bit of a pain, need to send it to scrapyard or let the shop do it for a fee. Although there are threads here that explain how scrapping is done, there is no first hand experience shared by anyone, which is very sad. I had to go and clearly read the One Motoring site and then got to know that wont get COE refund as cash.

 

So I decided not to buy a bike with COE going to expire soon as I will always be in a dilema if any issue occurs with the bike, whether its worth fixing or not. After renewing COE again dilema as to how much to spend on it, unless I will keep the bike for really long.

 

Actually you can encash it to convert the unused COE to cash with the new rule which started from 2008 onwards.

Before that, COE cannot be turned back to cash.

 

See==> http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/checklist/encash_parf_coe_rebate.html

[jtzx]

Yup that's why i am renewing my Ta200 and ride for another 10years. silent gonna renew COE too?

 

 

Actually you can encash it to convert the unused COE to cash with the new rule which started from 2008 onwards.

Before that, COE cannot be turned back to cash.

 

See==> http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/checklist/encash_parf_coe_rebate.html

[jtzx]

Yup that's why i am renewing my Ta200 and ride for another 10years. silent gonna renew COE too?

 

 

Actually you can encash it to convert the unused COE to cash with the new rule which started from 2008 onwards.

Before that, COE cannot be turned back to cash.

 

See==> http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/checklist/encash_parf_coe_rebate.html

[kzone]

looked at the phantom classifieds n find that the price are quite high.. even for those coe expiring in 1-2 yrs time asking for more than 1k. How much is a phantom valued at when coe expired? Mine is expiring sept, still undecided whether to renew 5, 10 yrs or scrap.. or maybe sell now?

[ferlino]

Hi I am a new rider and had just purchased a 2nd hand phantom with 5 years coe.

[Csbo]

Hi I am a new rider and had just purchased a 2nd hand phantom with 5 years coe.

 

How much you bought it? Where? I'm also looking to buy one after passing my TP this Friday leh.

[ferlino]

How much you bought it? Where? I'm also looking to buy one after passing my TP this Friday leh.

alexander village, i buy it at 2500.

[Csbo]

alexander village, i buy it at 2500.

 

How's everything so far?

[ferlino]

so far so good

[Csbo]

Really ah? I plan to buy one also leh. Can help me inspect? Haha

[ferlino]

Really ah? I plan to buy one also leh. Can help me inspect? Haha

i also just pass 2b so i dunno much abt bike =.='' all depend on urself. test ride and look at the bike carefully.

[Csbo]

i also just pass 2b so i dunno much abt bike =.='' all depend on urself. test ride and look at the bike carefully.

 

Got Facebook? Add you to see your bike.

[ferlino]

Got Facebook? Add you to see your bike.

i dun have facebook acct lol and i dun put picture on webby... lazy~~

[r1der]

wow this thread still alive?

[matthias76]

http://sg.news.yahoo.com/motorcycle-coes-surge-to-highest-price-since-1997-112746347.html

 

Certificates of Entitlement (COEs) for motorcycles surged to their highest prices since 1997, rising by $715 to $2,704 in the latest bidding exercise, which ended Wednesday.

 

Prices for other categories ended largely mixed, results that reflect the likely trend of prices when the recently-announced new quota period starts in February.

 

Category A COEs (for cars up to 1,600cc) and Category E, the open category COEs that go mainly to large cars, ended marginally lower (at $72,290 and $78,810 respectively) than they did in the previous exercise.

 

Meanwhile, Category C (for goods vehicles and buses) COE prices shifted upward by $1,112 to close at $50,001. Also, Category B COEs, for cars above 1,600cc, had its prices close $300 higher than they did in the previous exercise, at a price of $79,000.

 

With the additional engine power criterion that will limit output for small car COEs to 130bhp, most luxury cars will be shifted to the larger car category, a move that is anticipated to relieve pressure in bidding for Category A COEs.

 

What is happening to us? If car COE are divided into categories by cc, why not motorcycles? If motorcycle license are divided in Class 2B, 2A and 2, then why the COE are not divided as well?

[naim]

I agree. I wouldn't want to be the despatch uncle who will be paying a COE higher than the machine price. Especially when the smaller bikes use so little fuel and contribute very little to congestion and pollution.

[MR BIKER]

Because the people who decide this coe issue are people who drive Merc, BM, porsche and such and they think heck carelah

[matthias76]

What will happen to my favorite McDonald's delivery uncle, who is riding a Wave 125 who's COE is about to expire? His family can't afford a new bike (even if its the cheapest range, the new COE will cost $2700 alone!) Unless there is a new type of bike that cost only $1?

[Streetwise]

Write in to LTA lah......ranting here no point; fyi, I've written in to LTA questioning the 15% of bike COE quota going to Open category, a week ago. If they keep cutting 15%....like tat no more motorcycles on the road in the future (:

[matthias76]

Write in to LTA lah......ranting here no point; fyi, I've written in to LTA questioning the 15% of bike COE quota going to Open category, a week ago. If they keep cutting 15%....like tat no more motorcycles on the road in the future (:

 

I did. I went one step further. I wrote to Reach.gov.sg