[Discuss] Do you think COE of bikes should be split up?

[slappywoo]

IU 5 years warranty. go to any vicom can get it changed foc and on the spot.

 

really ah, do i need to call them up to make appointment or anything? or i just have to go down to a vicom with my vehicle straight, any thing i have to bring??

[matthias76]

The problem isn't with the splitting of categories. The problem now is the cutting of supply.

 

Simple economics

 

1. Supply more than demand = value increase

2. Demand more than supply = value increase

 

Dec quota - 900+ ---> COE $1.7k++

Jan quota - 900+ ---> COE $2.7++

Feb quota - 700+ ---> COE $3.5k++

Mar quota - 500+ ---> COE $5k++

Apr quota - 400+ ---> COE $6.5k++

May quota - 300+ ---> COE $8.5k++

Jun quota - 100+ ---> COE $10.5k++

 

We don't have to wait too long to see COE for bike becoming 10k. Just 3+ more months can liao.

 

I will be so happy if I am in the Finance department of LT*. My revenue just keeps increasing! Its an achievement I can boost in my Annual Appraisal! Yeah! I earn so much money for the gahmen! I should be promoted! I should get a big pay raise!

Edited February 21, 2014 by matthias76

[slappywoo]

lol, agree with the guy above. being in that department really is watch the world burn and collect their offerings. lol

[matthias76]

Anyone watch "In Time"? It is the same scenario, inflation needs to keep up to eliminate the population. Only in this case, its to eliminate the biker population. Sorry, let me qualify it further, the dead-poor biker population. Not those who can eat a plate of nasi padang with sotong and mutton for $2.50, or have a $8 heart bypass, or live and afford a HDB flat with $1,000 income.

 

Maybe we will get the ever familiar retort, "How much you want the COE to be?, Do you want to ride a Honda kup, a Ducati, or a Triumph?"

 

"How much do you want? Do you want three meals in a hawker centre, food court or restaurant?" - The ever famous quote why welfare subsidies is only increased by $1 per day.

Edited February 21, 2014 by matthias76

[wait4me]

Anyone watch "In Time"? It is the same scenario, inflation needs to keep up to eliminate the population. Only in this case, its to eliminate the biker population. Sorry, let me qualify it further, the dead-poor biker population. Not those who can eat a plate of nasi padang with sotong and mutton for $2.50, or have a $8 heart bypass, or live and afford a HDB flat with $1,000 income.

 

Maybe we will get the ever familiar retort, "How much you want the COE to be?, Do you want to ride a Honda kup, a Ducati, or a Triumph?"

 

"How much do you want? Do you want three meals in a hawker centre, food court or restaurant?" - The ever famous quote why welfare subsidies is only increased by $1 per day.

 

u forgot to add bandung for 0.50 cents

[slappywoo]

tissue paper 1 dollar? like use gold to wipe mouth!

[matthias76]

Oh no...some restaurant toothpicks are for free you know? Good quality ones too.

[stsoh]

..... eat a plate of nasi padang with sotong and mutton for $2.50, .......[/b][/i]

 

where to find nasi padang with sotong and mutton for $2.50? i want to fill my stomach......

[slappywoo]

how did the topic go so far off. hahahaha

[deathmaster]

COE for bikes definitely should not be split up.

 

Why?

 

Let us consider car buyers first. Small cars have the cheapest COEs, Large cars 2nd expensive COE and Open Cat. has the most expensive COE.

So it make sense to think that 2B bikes will have the cheapest COE, while class 2 bikes will have the most expensive COE, right? However, if you bother to think deeper, it is in fact the opposite.

 

The price of COE is not determined by the price of cars, but rather, by the demand for the particular class of cars.

In Singapore, demand for big cars is bigger than demand for small cars, and that's why the bidding price is higher for large cars. You don't need different driving licenses to drive large cars, and most car buyers are wealthy enough to afford a 1.6l car, which isn't much more expensive than a 1.4l car.

 

On the other hand, for motorcyclists, the situation is the exact opposite.

 

Demand for 2B bikes is way higher than the demand for class 2 bikes. Take a look on the road, how many 2b bikes vs class 2A/2 bikes are there?

When you have more people bidding for 2b COE than 2A/2 COE, you can guarantee that the price of 2b COE will be the highest.

[stsoh]

100% correct, shouldnt be split instead should be abolish.

motorcycle do not contribute to traffic jam.

its the cleanest/quickest/cheapest way to get from point A to B, even compare to public transport.

 

if motorcycle coe is to split, for example split into 2b cat n 2a/2 cat.

garmen will take in more $$$$, this is another potential scheme garmen will come up with.

100% of motorcycle license holders can bid for 2b cat, whereas 2a/2 license holders r less than 20% (fewer demands).

for those who dont see the pic, pls broaden your mind (dont be a frog in a well).

[keyxblade]

yeah agree. spilting the COE will only cause 2B bikes COE to be higher than class 2a/2 bikes.

[Walabam]

COE for bikes definitely should not be split up.

 

Why?

 

Let us consider car buyers first. Small cars have the cheapest COEs, Large cars 2nd expensive COE and Open Cat. has the most expensive COE.

So it make sense to think that 2B bikes will have the cheapest COE, while class 2 bikes will have the most expensive COE, right? However, if you bother to think deeper, it is in fact the opposite.

 

The price of COE is not determined by the price of cars, but rather, by the demand for the particular class of cars.

In Singapore, demand for big cars is bigger than demand for small cars, and that's why the bidding price is higher for large cars. You don't need different driving licenses to drive large cars, and most car buyers are wealthy enough to afford a 1.6l car, which isn't much more expensive than a 1.4l car.

 

On the other hand, for motorcyclists, the situation is the exact opposite.

 

Demand for 2B bikes is way higher than the demand for class 2 bikes. Take a look on the road, how many 2b bikes vs class 2A/2 bikes are there?

When you have more people bidding for 2b COE than 2A/2 COE, you can guarantee that the price of 2b COE will be the highest.

 

I see...I also agree with stsoh that COE for bikes should be abolished. We cause minor congestion, if any. Besides, we bikers contribute minimally to pollution. Unless every car has 4 or more passengers, we are the most fuel-efficient bunch.

[SimpleRider]

100% correct, shouldnt be split instead should be abolish.

motorcycle do not contribute to traffic jam.

its the cleanest/quickest/cheapest way to get from point A to B, even compare to public transport.

 

if motorcycle coe is to split, for example split into 2b cat n 2a/2 cat.

garmen will take in more $$$$, this is another potential scheme garmen will come up with.

100% of motorcycle license holders can bid for 2b cat, whereas 2a/2 license holders r less than 20% (fewer demands).

for those who dont see the pic, pls broaden your mind (dont be a frog in a well).

 

I see...I also agree with stsoh that COE for bikes should be abolished. We cause minor congestion, if any. Besides, we bikers contribute minimally to pollution. Unless every car has 4 or more passengers, we are the most fuel-efficient bunch.

 

Aiyoh guys,

If you calculate properly, public transport is still the cheapest mode of transport in sg - taking into account, parking, road tax, coe (split annually), maintenance costs, fuel costs, riding gear cost (even if you just bought helmet only), erp, etc etc...

 

If bike is the cheapest, then i suppose a lot more riders on the roads in sg...

 

btw, cannot abolish bike coe, lor... then how gahmen want to fund programmes?

 

soo... no choice must support lor... after all, we already 1st world, you know?!

[matthias76]

Aiyoh guys,

If you calculate properly, public transport is still the cheapest mode of transport in sg - taking into account, parking, road tax, coe (split annually), maintenance costs, fuel costs, riding gear cost (even if you just bought helmet only), erp, etc etc...

 

If bike is the cheapest, then i suppose a lot more riders on the roads in sg...

 

btw, cannot abolish bike coe, lor... then how gahmen want to fund programmes?

 

soo... no choice must support lor... after all, we already 1st world, you know?!

 

 

 

 

You missed the point...Take away the COE and bike is the cheapest.

 

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[stsoh]

Aiyoh guys,

If you calculate properly, public transport is still the cheapest mode of transport in sg - taking into account, parking, road tax, coe (split annually), maintenance costs, fuel costs, riding gear cost (even if you just bought helmet only), erp, etc etc...

 

If bike is the cheapest, then i suppose a lot more riders on the roads in sg...

 

btw, cannot abolish bike coe, lor... then how gahmen want to fund programmes?

 

soo... no choice must support lor... after all, we already 1st world, you know?!

 

u r still a frog in a well, does not see a broader view.

if you calculate properly, public transport is the most expensive, ie. support by garmen using our tax money.

manpower, properties, vehicles, taxes, maintenance......etc.

based on wat u had described, just put it back on public transport without using our tax money.....it cost billions.

u dont feel the cost becoz an individual pay for one trip at a time, add it all up to millions of trips, its mountain high $$$.

tats why third world countries r on bikes, rather than public transport.

 

ps:

cost of one bus alone = 60~80 mopeds.

a bus can take 30~40 passengers on a one specified route, mopeds can go in any destinations n use lesser fuel.

Edited February 24, 2014 by stsoh

[SimpleRider]

You missed the point...Take away the COE and bike is the cheapest.

 

Sent from my GT-I9506 using Tapatalk

 

u r still a frog in a well, does not see a broader view.

if you calculate properly, public transport is the most expensive, ie. support by garmen using our tax money.

manpower, properties, vehicles, taxes, maintenance......etc.

based on wat u had described, just put it back on public transport without using our tax money.....it cost billions.

u dont feel the cost becoz an individual pay for one trip at a time, add it all up to millions of trips, its mountain high $$$.

tats why third world countries r on bikes, rather than public transport.

 

ps:

cost of one bus alone = 60~80 mopeds.

a bus can take 30~40 passengers on a one specified route, mopeds can go in any destinations n use lesser fuel.

 

aiyoh...

not everybody can handle own machine, people still need public transport. there definitely is a need, a necessity of public transport.

still cheaper than taxis - that is also another part of the road population....

 

even the fuel we use, as private vehicle owners, must pay tax already.

the fuel they use, since gahmen to gahmen agency - i'm guessing - is w/o tax. or with much much lesser degree.

we do not have economies of scale to get better pricing.

besides, public bus got no tax (or with much much lesser degree), i guess? no coe, bla bla bla... cos gahmen agency?

 

also, if we take away public transport, then the stakeholders all loose one $$$ making instrument.

then how?

 

Also, if we dun use our $$$ to have all these infrastructure in place, (apart from the problem of our fellow citizens not having transportation),

we'll also have lesser places for our country's brilliant minds for employment to administer these systems.

then we cannot pay them their high and deservingly justified salaries.

then how?

[matthias76]

u r still a frog in a well, does not see a broader view.

if you calculate properly, public transport is the most expensive, ie. support by garmen using our tax money.

manpower, properties, vehicles, taxes, maintenance......etc.

based on wat u had described, just put it back on public transport without using our tax money.....it cost billions.

u dont feel the cost becoz an individual pay for one trip at a time, add it all up to millions of trips, its mountain high $$$.

tats why third world countries r on bikes, rather than public transport.

 

ps:

cost of one bus alone = 60~80 mopeds.

a bus can take 30~40 passengers on a one specified route, mopeds can go in any destinations n use lesser fuel.

 

I have to agree with STSOH on the point of government subsidies on public transport.

 

Just think back how much of our tax was used to subsidize the recent 800 over buses with 1.1 billion in 2012. And to add insult to injury, "they" mentioned that public transport company are making a loss, and if gahmen don't give this money, price fare would have to take an upward hike. This was mention

 

"'More buses, more drivers, more fuel, but same revenue because it's essentially the same pool of passengers.'

 

So it may seemed like the individual is paying less upfront, but actually we are paying from our taxes in the background.

 

Let me sidetrack with a sarcastic remark "Not that our taxes matter anyway, we don't use it on Public Transport, it gets splurged on other investments like some satellite buys which will get confiscated anyway."

[SimpleRider]

I have to agree with STSOH on the point of government subsidies on public transport.

 

Just think back how much of our tax was used to subsidize the recent 800 over buses with 1.1 billion in 2012. And to add insult to injury, "they" mentioned that public transport company are making a loss, and if gahmen don't give this money, price fare would have to take an upward hike. This was mention

 

"'More buses, more drivers, more fuel, but same revenue because it's essentially the same pool of passengers.'

 

So it may seemed like the individual is paying less upfront, but actually we are paying from our taxes in the background.

 

Let me sidetrack with a sarcastic remark "Not that our taxes matter anyway, we don't use it on Public Transport, it gets splurged on other investments like some satellite buys which will get confiscated anyway."

 

I think we veered off from the OP thread post.

but anyways...

 

to think that the organisation running the Public Transports is worried that its making losses is a in itself self-contradictory

because its running a public transports system - losses are expected.

if you are running a wholly private organisation, then yes!, profits are your priority.

 

so if you can't take the heat, get out of the kitchen!

 

unless stakeholders are your concern, not the layman using the transports - then again its contradictory,

because the number 1 priority should be the citizen, since its a public transports system.

 

anyways, no point complain.

if we scrap all this system, then,

the stakeholders loose another cash machine.

then our top administrators lesser jobs available - at least the one with top dollars.

 

life is soo sad for them, then...

[stsoh]

I think we veered off from the OP thread post.

but anyways...

 

to think that the organisation running the Public Transports is worried that its making losses is a in itself self-contradictory

because its running a public transports system - losses are expected.

if you are running a wholly private organisation, then yes!, profits are your priority.

 

so if you can't take the heat, get out of the kitchen!

 

unless stakeholders are your concern, not the layman using the transports - then again its contradictory,

because the number 1 priority should be the citizen, since its a public transports system.

 

anyways, no point complain.

if we scrap all this system, then,

the stakeholders loose another cash machine.

then our top administrators lesser jobs available - at least the one with top dollars.

 

life is soo sad for them, then...

 

why r u so worry about top administrators?

they dont take public transport, they r paid millions $$$ from u n me.

papaya r taking, making n squishing money out of ppl.

wat is so sad for them, when they r laughing to the bank.

 

 

edit:

furthermore, the reasons why car coe was split;

papaya were trying to hook a big fish, instead they catch 3 big fat fishes.

laughing to the banks, merry to the banks. hohoho merry xmas, merry merry xmas every month.

papaya built billion $$$ undersea tunnel, jammed on the first day, almost a white elephant.

no one use it, so no jam.......lah claimed papaya.

 

if papaya do the same to bikes, bike A, bike B n bike Open cats.

they probably got ikan iblis....rather than tuna.

better to cut n get batang fish for sure.

http://3.bp.blogspot.com/-t6rbo90qV1c/T4pbl_CGK9I/AAAAAAAAF0M/VoigfW3cYZ4/s1600/_DSC0335b.JPG

Edited February 24, 2014 by stsoh

[matthias76]

Hi STSOH, simplerider has a point. Someone once said our ministers need to be highly paid or else my mother would become a maid in some foreign country. Google it and see.

 

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[stsoh]

no choice, live in a well.

be a frog in a well.

[matthias76]

The people we voted has built this well so high that we can't see anything but the well...

 

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[fx]

its an educated gangsters paradise..

one of the way is to stop buying new bikes..

no demand no paper chase, don't give in to blackmail..

[matthias76]

The problem isn't with the splitting of categories. The problem now is the cutting of supply.

 

Simple economics

 

1. Supply more than demand = value increase

2. Demand more than supply = value increase

 

Dec quota - 900+ ---> COE $1.7k++

Jan quota - 900+ ---> COE $2.7++

Feb quota - 700+ ---> COE $3.5k++

Mar quota - 500+ ---> COE $5k++

Apr quota - 400+ ---> COE $6.5k++

May quota - 300+ ---> COE $8.5k++

Jun quota - 100+ ---> COE $10.5k++

 

We don't have to wait too long to see COE for bike becoming 10k. Just 3+ more months can liao.

 

I will be so happy if I am in the Finance department of LT*. My revenue just keeps increasing! Its an achievement I can boost in my Annual Appraisal! Yeah! I earn so much money for the gahmen! I should be promoted! I should get a big pay raise!

 

Its important to list down factual numbers so as not to raise un-necessary angst. I am reporting from the statistics from LTA website for posterity sake. I apologize for my previous post of "Doomsday Predication"

 

Dec 2013

Quota available for bidding - 1005 pieces of Cat D (Motorcycles)

Dec 1st Bid - $1782

Dec 2nd Bid - $1812 (+1.6%)

PQP - $1797

 

Jan 2014

Quota available for bidding - 992 (31 left over from Dec 2013) pieces of Cat D (Motorcycles) (reduction of 1.3% from Dec 2013)

Jan 1st Bid - $1989 (+9.8%)

Jan 2nd Bid - $2704 (+35.9%)

PQP - $1952 (+8.6%)

 

(From Feb 2014 to April 2014 only 719 per month plus un-used quota from previous month will be available for bidding)

 

Feb 2014*

Quota available for bidding - 721 (2 left over from Jan 2014) pieces of Cat D (Motorcycles) (reduction of 27.3% from Jan 2013, cumulative reduction of 28.3% from Dec 2013)

Feb 1st Bid - $3051 (+12.8%)

Feb 2nd Bid - $3501 (+14.8%)

PQP - $2474 (+26.7%)

 

Quota available for bidding - 719 + 9(left over from Feb 2014) pieces of Cat D (Motorcycles) (reduction of 0.9% from Feb 2013, cumulative reduction of 27.6% from Dec 2013)

Mar 1st Bid - $4001 (+14.3%)

No. of COE left for bidding in 2nd exercise - 388

Predicted Mar 2nd Bid based on 14% increase - $4561

Predicted Mar PQP - $3302 (+33.5%)

 

My predictions are based on a trend analysis model of the COE bidding for the last few months, and to me, its a very optimistic prediction.

 

So if you are a motordiam rushing to push out the new bike someone ordered, especially if its a high price model, it doesn't matter if you bid another $500 more than the last price in 1st bidding to get your COE. For that matter, if its a bike that cost anything more than 10k in machine price, it doesn't matter even if you bid another $1k higher, since the cost is passed onto the consumer.

 

Well, the quota figures LTA released are till Apr 2014 only. For some unknown reason if some farker decide to revise the 719 number lower again, we will have a price breakthru in May 2014...

 

Balls to this system!

Edited March 6, 2014 by matthias76