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

[MR BIKER]

Dear 2 wheeler, I saw the other day people are bidding more than $2000 for motorcycle coe. Well let's stop it at 1k. i believe the people who bid for these are actually shop owners and dealers who are thinking of their own pockets. if you think about it: they bid very high and got the bike and costumer so eager to have their brand new bike would not consider the coe price because they think aiyah pay every month not ex what. but actually it is ex. please guys , dont be like car drivers, they are willing to splurge their money almost 60k just to get coe. STUPID !!!!! right???? i also enjoy big car, but where is the brain. maybe those who have money really dont think hard for their money because they know they can get from others easily.

[mU]

Hi. My opinion on this "COE, extend or not?" situation is, there should be one more choice for this poll.

*Scrap and buy 2nd hand bike from another seller.

 

For example, if my COE seriously going to end now, and I still need a bike for transport, and I dont want to take public transport, then I still suck thumb need to carry on riding right. So now need to compare, pay $2k and carry on riding current bike. or pay $2k + $$$$$ for new machine price and every other cost? Of course some bikes may need some tuning and servicing to keep on running for another ten years, but I believe the owner will understand the situation of his bike best as they take care of their bike very well and very likely the bike still has the horses to pull them along. In this comparison, the rider will need to calculate the cost of paying for a new bike, and the cost of possible upcoming maintenance of current bike and make a decision according to his needs and ability.

 

So another way may be to scrap bike, buy another 2nd hand bike of reasonable quality and carry on riding if you do not want to pay the $2k COE. Basically I think it is important for each rider to calculate the cost of each options and decide which suits them best. But if you got the $$$ and willing to spend freely then there's is no need for this discussion.

 

For me, i still have not made a decision because COE still can last 2++ years.

[deathmaster]

I think that there is still enough bikes to go around. or a better alternative for those who is seeking a transport bike, get it second hand.

 

no point wasting your money to get a brand new bike with a brand new COE, when there are so many unutilised old bikes rusting around in bikeshops with years of COE to spare.

[GregTay67]

hi, does the letter from LTA give u the choice of 5 or 10 years to renew. my case gg to pay a guy $750 for a pretty well maintained TA200,expire in aug 2011. but the issue is take a bet on coe...now is over 2k. i kind of love the bike,press of a button the fellow starts at once and chain and tyres are all changed.

 

i assume it a good take over except must pray for coe to drop some kind. looking as a tpt b/w my jurong home and work place at changi

 

I paid $700 for a very good condition TA200 with COE expiring in 2013. Mileage only 4400km. I believe you can get a better deal if you look around harder. 5 months for COE to drop is very short time.

[asakura_hao88]

Lol!! I can't believe u found a cheaper deal than me..I bough mine for 800 since dec2010, expiring jan2012! Haha..

 

Anyway where can we check if the Coe is renewable?

[followthelaw]

i paid 570 for a good condition TA200....but coe gg end in oct 2011...think better renew...read today news coe for bikes gg to shot like mad...maybe i gg renew 5 years enough....till the 5 years end look for another bike.actually thgt of wait till oct 2011 then renew coe....now lta shrink the coe shrink....better renew tmr....otherwise shot till 4/5k...suck thumb

 

renewed 10 years at $1711...what to do???

changed air filter and changed EO myself (pretty easy for TA200)

dropped in broquet BT8 - now easy at 90 to 100km/h,bought from autobacs at $140,they having sales!!!!

bike ok...originally from Boon Siew

Edited March 23, 2011 by followthelaw
more info

[asakura_hao88]

Can renew before the Coe expiry?

[GregTay67]

Lol!! I can't believe u found a cheaper deal than me..I bough mine for 800 since dec2010, expiring jan2012! Haha..

 

Anyway where can we check if the Coe is renewable?

 

Your COE sure can renew because all Phantoms are just hitting the 10 year mark. You cannot renew a bike after the COE has been renewed for 5 years.

[GregTay67]

i paid 570 for a good condition TA200....but coe gg end in oct 2011...think better renew...read today news coe for bikes gg to shot like mad...maybe i gg renew 5 years enough....till the 5 years end look for another bike.actually thgt of wait till oct 2011 then renew coe....now lta shrink the coe shrink....better renew tmr....otherwise shot till 4/5k...suck thumb

 

Just read the news here. Luckly I can wait longer for COE to come back down. Check out the news here http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_647816.html

[GregTay67]

Can renew before the Coe expiry?

 

Sure. Can renew any time before expiry date.

[asakura_hao88]

Just read the news here. Luckly I can wait longer for COE to come back down. Check out the news here http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_647816.html

 

Sian, my Coe expiring in jan2012..can wait for Coe to come back down?

[GregTay67]

Sian, my Coe expiring in jan2012..can wait for Coe to come back down?

 

Tough luck. I think this year gonna be high all the way. Must wait and see next year when govt set the quota for number of new vehicles.

[followthelaw]

jus tft bike...come home changed EO and drop in a broquet B8T....bought it at autobac at $140.....else where all $210!!!!!!!!!, renew COE for 10 years....$1711....what to do!!! think COE gonna shot sme more!!!

[asakura_hao88]

Now still 1711 meh? I tot 2k plus liao?

[followthelaw]

think LTA will calculate for u...today result just out...not much difference from the last time at $2604....but if shot somemore...may not be at $1711 lor!!!!!

[GregTay67]

Now still 1711 meh? I tot 2k plus liao?

 

Check this thread http://www.singaporebikes.com/forums/showthread.php/317041-Motorcycle-COE-jump-30-to-2-604

[asakura_hao88]

Lol! Next yr nid to take public tpt liao..

[GregTay67]

New COE price - $2534. Dropped by $70.

[Hydher]

jus tft bike...come home changed EO and drop in a broquet B8T....bought it at autobac at $140.....else where all $210!!!!!!!!!, renew COE for 10 years....$1711....what to do!!! think COE gonna shot sme more!!!

 

i bought my broquet 2t about $50 from UM.

2k plus is coe for new bikes

1.7+ is for old bikes at the moment.

[Hydher]

jus tft bike...come home changed EO and drop in a broquet B8T....bought it at autobac at $140.....else where all $210!!!!!!!!!, renew COE for 10 years....$1711....what to do!!! think COE gonna shot sme more!!!

 

i bought my broquet 2t about $50 from UM. 8t are for cars!

2k plus is coe for new bikes

1.7+ is for old bikes at the moment.

[followthelaw]

i bought my broquet 2t about $50 from UM. 8t are for cars!

2k plus is coe for new bikes

1.7+ is for old bikes at the moment.

 

dun know leh...thgt good bargain for B8T...put into mt TA200 liao. pump spc 92,still easily pick up to 100km/h. have yet to try other ron

[Shunpo]

Sian .. now COE so expensive .. And soon gonna be able to enrol 2A ..

 

I wonder how much a Ducati M400 will cost by the time I pass .. Remember when I just pass 2b, COE is like .. 3 digits man ..

[byon]

May consider upgrading a bike...

For now i'll keep this bike cause it will only expire in 2013.

[revhappy]

i bought my broquet 2t about $50 from UM. 8t are for cars!

2k plus is coe for new bikes

1.7+ is for old bikes at the moment.

 

If the COE is renewed before the expiry then the moving average of last 3 months COE price will be applicable. So all those FU and FV plate phantom riders who want to renew their COE better renew your COE soon because the current rate has shot up to 2600$ and in couple of month the average will be 2600$. Now you will benefit due to the cheap COE prices in Jan and Feb.

 

But I still dont understand one thing, when the COE prices fell to 0$ in 2008 why didnt all those FU and FV plate phantom riders not renew their COEs:slapforehead:

[jtzx]

prob scrap my Fv plate ta200 next year.. pointless to pay so much for that piece of paper.. Dekit my parts and sell off cheap cheap. stay tune man..