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Motorcycle's COE Price is getting ridiculous.....


miRides

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COE is for new vehicles, it's for people with wants. Any practical person who needs a vehicle can go to resale market. 4k COE is still not the max it'll go, I'm predicting it'll go up to 6k? Their reply will be "it's the bidders who bid to 4k, I never set the price also". Now they trying tricks to bump up cars quota, heck open cat 80k, can get 20 bikes COE man. 15% of unreg COE go to open cat, so far quota for bikes reduce by ~200/mth, mean that 60 open cat are added. Wow additional 480k earned/mth plus bike COE increased around 1k. Someone promote that smart Alec already!

Nothing to lose.

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I'm quite sure the forums here will be and have been monitored all along..

Letters or no letters it doesn't work that way, silence or noise will fall to deaf ears..

every breath you take.. every move you make.. every step you take.. they'll be watching you..

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Its not about bringing over quota to another category anymore, everything is interrelated..

let me get down to simple reasoning as I can be..

 

Coe is both for new and old vehicle, lets say 9 yrs ago, you bought a used 1 yr old car for 30k..

now you so f%* relief finance finish but then to continue using you have to fork out even more..

and you dare not even look at current PQP..

 

for many those like myself who have scraped more than once, twice and the third time is not funny.. really.. where is the logic?

you get the drift..

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Bulk of COE goes to small bikes but price controlled by big bikes buyers. To wait4me, it's the economics of supply and demand rearing it's ugly neck, no one is at fault here though. 2k increased payable over 3 yrs = $55 per month.

Nothing to lose.

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I don't intend to buy new Rolex, I just want to keep my old Seiko which serves me just fine.. it's the PQP that's killing us!

Like I've mentioned, do look around and observe for yourselves what kind of new cars can be seen more now on the road..

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I sold my car and got back to bikes, what more do they want from us? our soul? ****

No coe for all class bikes, big or small! united we bikers stand, divided we pay and pay more..

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Yahoo article is rubbish. When COE price goes up the package price goes up as well, look carefully at the clause in the agreement you sign. If it does down dealer takes the profit. To car dealers and the rich, its a lot easier to just bid high because they know they can afford the car no matter what and they just want it NOW. Dealer is happy and the rich ******* buyer is happy. Everyone wins except the people who genuinely need to drive a car/ ride a motorcycle to work.

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4 k if get a 25 k bike doesnt seem like much but for a 3k plus bike is really too much. If we go for the larger bikes, get hit by road tax and fuel consumption.

 

I disagree. $4k COE for a $21k (machine price) bike is already a lot! That same COE for a $5k (machine price) transport bike is absolutely crazy.

 

Bulk of COE goes to small bikes but price controlled by big bikes buyers. To wait4me, it's the economics of supply and demand rearing it's ugly neck, no one is at fault here though. 2k increased payable over 3 yrs = $55 per month.

 

I think there are too many people buying big bikes that they cannot actually afford. Many of them are forced to sell their bikes when they realize that they cannot afford to pay their monthly installments. That's why there are so many big bikes for COI these days. My suggestion is to limit the loan percentage and tenure, and be stricter when approving bike loans. People will think twice if they have to put down 30-50% for the latest superbike and can only take 3 years loan. NSF and tertiary students with very limited income will be unable to take loans that they cannot repay.

 

I am sure some will disagree with me. But let's be realistic. Do we really want our next generation to step into society with unnecessary debt (a bike loan)?

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I disagree. $4k COE for a $21k (machine price) bike is already a lot! That same COE for a $5k (machine price) transport bike is absolutely crazy.

 

 

 

I think there are too many people buying big bikes that they cannot actually afford. Many of them are forced to sell their bikes when they realize that they cannot afford to pay their monthly installments. That's why there are so many big bikes for COI these days. My suggestion is to limit the loan percentage and tenure, and be stricter when approving bike loans. People will think twice if they have to put down 30-50% for the latest superbike and can only take 3 years loan. NSF and tertiary students with very limited income will be unable to take loans that they cannot repay.

 

I am sure some will disagree with me. But let's be realistic. Do we really want our next generation to step into society with unnecessary debt (a bike loan)?

 

Agreed. Not even class 2 bikes, there are many people who bought 2b bikes but can't really afford it.

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I disagree. $4k COE for a $21k (machine price) bike is already a lot! That same COE for a $5k (machine price) transport bike is absolutely crazy.

 

 

 

I think there are too many people buying big bikes that they cannot actually afford. Many of them are forced to sell their bikes when they realize that they cannot afford to pay their monthly installments. That's why there are so many big bikes for COI these days. My suggestion is to limit the loan percentage and tenure, and be stricter when approving bike loans. People will think twice if they have to put down 30-50% for the latest superbike and can only take 3 years loan. NSF and tertiary students with very limited income will be unable to take loans that they cannot repay.

 

I am sure some will disagree with me. But let's be realistic. Do we really want our next generation to step into society with unnecessary debt (a bike loan)?

:)

 

Agreed. Not even class 2 bikes, there are many people who bought 2b bikes but can't really afford it.
Seeing that now there are bikeshops offering zero downpayment plan it makes it easier for this. Some only think about the low monthly instalments hence why we can now see 4-5years instalment plans for 2B bikes. But to each its own I guess. :cool:

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Bulk of COE goes to small bikes but price controlled by big bikes buyers. To wait4me, it's the economics of supply and demand rearing it's ugly neck, no one is at fault here though. 2k increased payable over 3 yrs = $55 per month.

 

Hi..if you look at the LTA website of bike sales by brand, you will note that the big bikes actually make up only about 10% of the total market. My estimate is based on the brands that only carry class 2 bikes. Therefore to say that big bikes control the coe prices while they only are the 10-15% of the total population would be hard to substantiate based on data as they are only a small part of the demand.

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these are the factors that possible cause COE went up.

 

Due to the number of registered bike on the road is too many that cause LTA there only issue very minimum amount of ticket to let the bike shop to bid for it. Because of that, all bike shop fight to bid for it as they want business too, they need to bid inorder to sell their bike to customer. Its a cycle. If alot of old bike year 2000 and below all didn't de-register or scrap it. the amount of register bike on the road will be always high and cause COE went up even more.

 

Correct me if i'm wrong. just my point of view.

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when will the increase of coe stop?

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when will the increase of coe stop?

 

Answer is. It will never stop increasing. By the way, with reference to the following link:

 

http://www.onemotoring.com.sg/1m/coe/coeDetail.html

 

the COE for bikes has increased to 4289, I thought there is only 1 bidding per month and it was previously at 4001 but has increased to 4289, could someone enlighten me on this? Thanks.

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Fact is that overall, your public transport is more expensive than riding a fuel saving bike. Most bikes OTR are 2B bikes, a smattering of S4s. Class 2 make a small number, those riding class 2 usually have a class 2B bike as well. Delivery riders, postman, people going to work are almost exclusively riding a 2B bike. You might think you see many class 2 because they stand out and that your kapcai is probably a Malaysian.

 

Lemme put into perspective

 

For my case:

 

When using public transport = $150/month including misc travelling other than work, using cab etc

When using kapchai=$87, petrol and parking included /month cuz I fill up at JB since its so near to me.

 

Difference? I save alot more time with the bike than on public and can pretty much go anywhere I want and the only time I get squeezed is at the customs, not tt different from being in a public transport.

 

Insurance and rdtax only once a year, maintenance also EO,spark plug, oil filter every 2-3 months. Overall public transport is more expensive, don't forget you can sell the bike back, even if you don't, it will save enough to earn itself back vs taking public.

 

PAP doesn't like this, if pple ride they cannot suck money out of you, so they increase the COE. Has NOTHING to do with controlling the number of vehicles, bikes don't contribute to jams, massive influx of foreigners do.

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Public transport is a different issue altogether, back to coe..

I have a question, if there's 300 successful bidders and 299 bidded 2k while 1 bid 4289k.. does it mean PQP will follow that 1 highest bid or total bids divided by 300?

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haiz....

 

i regard selling off my bike... now as the COE is so stupit and i decide to sell my car away to get back to bike and now even for bike COE!!!!! is so crazy...

 

 

guess i gona invest more in my bicycle for now.. (maybe in years 2020 even bicycle had to fix IU...)

 

nothing change... unless... pls vote wisely

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