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


Would you renew COE or buy a new bike?  

188 members have voted

  1. 1. Would you renew COE or buy a new bike?

    • Renew 10-year COE
    • Renew 5-year COE
    • Scrap and buy new bike


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  • 3 months later...
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Hi folks,

 

August COE for bike even higher than July, sigh. :cry:

 

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! :cheer:

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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

Current Ride:

W650 Cafe Racer

FXSTC Softail Custom

TW200 Tracker

Zephyr ZII Custom

CB750K

CB400four

http://i112.photobucket.com/albums/n166/sgstreetbiker/IMG_0627_zps0816850b.jpg

 

http://i112.photobucket.com/albums/n166/sgstreetbiker/EBC0B2D1-5DB8-412B-BE85-D4E7DE4F0247-9859-000001DA1BB41B2E.jpg

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

 

 

 

 

 

 

Azmil Sempit

Past to present rides

 

Honda nsr sp 150 pro arm

Honda super4 ver s - yamaha rxz 135

Honda cbr 600 rr

Suzuki hayabusa 1300 - yamaha cygnus 125 - yamaha lc135 spark

Aprilia sr max 300 I.e

 

http://p1.bikepics.com/2013/10/22/bikepics-2608839-full.jpg

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  • 4 weeks later...
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

Motorcyclist are the nicest people on the road, try not to kill us.

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  • 1 month later...

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

JOSHUA

class2B -26/2/09

class 2A -27/7/10

class 3 - 6/1/11

class 2 - 30/8/12

 

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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

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

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  • 4 months later...

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?

Liverpool revival has started....

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wow this thread still alive? :cheeky:

My Ride History:

1997 - 2003 : Yamaha SRE 100 a.k.a My First Love

2001 - 2004 : Yamaha Sports Y110SS a.k.a My First 2-Stroke Bike

2005 - 2012 : Honda Phantom TA200 a.k.a My First Cruiser Bike

2012 - 2012 : Honda CB400 Spec II a.k.a My First VTEC Love

2013 - NOW : Yamaha YZF-R1 a.k.a My First SuperBike :cool:

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  • 9 months later...

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?

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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.

A ride a day, keeps the doctor away!

:thumb:

 

2010-2012 : Honda Phantom TA200

2012-current : SYM Maxsym 400i

 

Youtube Channel: http://www.youtube.com/user/adiknaim

 

 

SG Maxsym FB Group: http://www.facebook.com/groups/sgmaxsym/

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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?

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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

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