Coe!!!!!!!!!!

[haoKR]

Thank you for your reply!

 

Wow... nearly S$5K. My goodness. So scary. Do you think motorcycle c.o.e will be done?

 

good for you, its only $5k++.

No one knows how much it will cost next year? 8 or 10k?

[EJ]

Honestly even the COE is $10k people will still buy bikes. Because bike loans arent regulated by the government like car loans. There're some bike shops are even offering $0 downpayment or worse, over trade. Take a look at the used bike thread. Many bikes up for COI with ridiculously high monthly price and lengthy period repayment.

[Siphon]

no matter that it is still more affordable than a car... for now... once they start 50% downpayment for bikes... haha...

[imjustin]

Dealers should not be allowed to vote on behalf of buyers. Should be buyer buy with their nric, what rots about coe rebate. All I can say, vote wisely.

 

Glad to see many people here thinking. This system has to change. If not the system, at least the people who put this system in place.

[chriszzz]

Glad to see many people here thinking. This system has to change. If not the system, at least the people who put this system in place.

 

the problem is not that the COE system was put in place, but that after the prices has gone haywire and people are experiencing hardships, the gov just fold their arms and laugh their way to the bank. Not once did any of the highly paid ministers or scholars lifted a finger to tweak the system to lower the price to alleviate our hardships. Damn sh*tty politicians.

[MR BIKER]

To them " job well done" dont forget june and december your bonus will go up

[Lasoul]

in future Singapore cars mostly conti ,

then bikes will be mostly Class 2 .

 

then when coe hits 10k

they say down payment at least 30% for new bike and 15% for second hand bikes?

[kaizersg]

I could imagine Mcd riders and dispatch riders could use shaft driven bikes on our roads..

[DeusExMachina]

http://www.allsingaporestuff.com/article/bikers-have-themselves-blame-rising-coe-prices?fb_action_ids=10206113081212860&fb_action_types=og.comments

 

Wah lao, cut and paste from my post and then you got articled "Bikers have themselves to blame for high COEs"

Who is this Helmi fella?

[DeusExMachina]

I think there should be at least 2 changes:

 

1. As mentioned, take the dealers out of the equation. The dealers are only interested in winning the COE and getting your business, using your money to bid.

 

2. Bidders should pay the bid amount. Now, the bidder only pays the lowest qualifying amount, which encourages bidders to bid higher than what they are actually willing to pay, knowing that they will probably end up paying a lower amount. This drives up the overall bidding values.

 

But as usual, the PAP's take is probably on the huge cash-cow that the COE represents. Why would they want to kill such a cash cow? Money is valued over well-being of the people, as usual.

 

 

Yep, no 2 makes the most sense. You pay for what you bid.

This is a surefire way to drop the COE prices to more reasonable levels, when you realize that you will have to pay the exact amount you're offering, and not ride on some lower amount offered by someone else.

 

I'm pretty sure that in every bidding, there'll be the odd idiot or two who will put $10K for the bike COE knowing that he'll be on top of the food chain paying a price much lower than that. But right now, most of the bids are in the hands of dealers who don't really care. Until the Govt changes the regulations to disallow dealers to bid, we're gonna see prices stay high.

 

 

 

BTW...

 

http://www.lta.gov.sg/content/ltaweb/en/ocoe.html

 

http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/bid_coe.html

[shahrul_azmil3]

Despatch riders who use their own bike is still under paid...

 

With the rise of coe... It does not make sence to choing $1 docket and $6/h pay...

 

It now only make sense to be part timers n take their own time...

 

Haizzzz

[Hayabusa Sniper]

Well said.... Applies to cars too

 

My take is that the buyer buys COE with full cash on his own.

Dealers shoulg not be allowed to bid for COEs.

 

but there will always be a loophole somewhere so the best solution is to make sure that the pocket is deep enough, then no need to bother about price of COE

 

hai, uniquely Singaporean......

 

I second that. Car dealers are the pioneer of this ball game and now this virus had spread to the bike industry. Once you hand on with high COE vehicles it will be difficult to let it off your hand especially if you are on high loan. If the coe bubble happen to bust, many will got burn badly.

[amigo123]

Kup and small cc bike is for the less fortunate and budget constraint rider.

They should exclude coe or maybe rebate for this type of model.

[safeins]

Bros! Welcome to join the poll:

http://www.singaporebikes.com/forums/showthread.php/425302-Latest-Feb-2015-COE-5-540-that-made-the-lower-and-middle-income-suffer-more!

[chiacy80]

Motorcycle COE increased almost $300 to a high of $5800!

Gonna tabulate the past quota, total bibs received and successful bib price and share.

But just from a glance, there no real correlation. What is the objective of motorcycle COE? How much would you pay for your bike COE? Can COE be manipulated?

[chiacy80]

The quota now is slightly less than 300, with 400 bibs and bib price is $5.8k.

5 years back when quota was ard 350, with 500 bibs, the price was at $1k.

The supply and demand correlation to price dun looks right.

[chriszzz]

Supply and demand will only behave naturally if there is enough supply to meet demand. When supply is artificially restricted (like in the case of COEs), then the price is also artificially high.

 

BTW, the word to use is "bid", not "bib".

 

 

The quota now is slightly less than 300, with 400 bibs and bib price is $5.8k.

5 years back when quota was ard 350, with 500 bibs, the price was at $1k.

The supply and demand correlation to price dun looks right.

[chiacy80]

 

Chriszz, thanks for the spelling correction.

 

新年快乐

 

Still a happy man

[baron1986]

Time to bring in the opposition

[eyke]

you want change?

 

goto ur PAP MP and tell them the next election you will not vote for them unless bike COE is at saner levels.

 

kpkb here serves no purpose.

[Ni3KiDz]

Why all ppl are thinking changing of a new in charge we will have changes like lower Coe?? U think that will happen??

Impossible!!

U think the new leader will let Singapore drop to a third world country??

So lower Coe meaning more vehicle on road. Now the whole Singapore is super pack with so many vehicles. Just be on road during peak hours and u will know. that a real problem which had to be solved. Both public or private transport.

To get opposition in is to add pressure so that no one is complacent sitting at the helm.

Voice of the commoner need to be heard but here?? I doubt so.

[eyke]

Why all ppl are thinking changing of a new in charge we will have changes like lower Coe?? U think that will happen??

 

well, for sure if the PAP stay, COE will never go lower:

why did the bike COE go up so high? coz they reduced the bike COE quota.

 

and besides, telling PAP u won't vote for them unless they change doesn't mean the PAP will be voted out.

 

please wake up and realise that your MP/the Gahment are not the rulers,

they are there to represent us and if you don't even tell them what you want then i guess you deserve the high COE prices.

[chriszzz]

Telling your MP will be useless. Unless your MP is Lee Hsien Loong or Liu Tuck Yew, the MP is in no position to do anything at all. The only way to effect change is to remove those responsible and who have refused to make any changes. Keep this in mind at the ballot box.

 

Merely threatening will not work. Afterall, the lure of easy money (revenue) by the billions is just too tempting.

 

 

you want change?

 

goto ur PAP MP and tell them the next election you will not vote for them unless bike COE is at saner levels.

 

kpkb here serves no purpose.

Edited February 21, 2015 by chriszzz

[chriszzz]

So, lower COE means third world country? Explain why other first world countries don't have COEs. Even crowded cities like Tokyo, New York, London, Hong Kong do not have COEs. COE is only 1 way to tackle the problem.

 

Secondly, having COE does not mean it should be sky high. It's perfectly possible to have COE and yet have a system that does not cost the people so much. Suggestions have already been tabled but the government has refused to implement them because it will make them less money.

 

Thirdly, lower COE does not mean more cars or bikes on the road. The number of COEs is fixed by the gov. If the government says there will be 5000 COEs this year, then whether it cost $100,000 or $1, the number of COEs remain at 5000, and the number of vehicles added to the roads will also be 5000.

 

In fact, if the COE is low, then vehicle owners will scrap their current vehicle at the end of 10 years, and buy a new vehicle, keeping the number of new vehicles at 5000 (using the above example). But if the COE is high, he may decide to pay the PQP and keep his current vehicle. The number of COEs (and vehicles) added this year will now be 5001 (since the old car was not scrapped). So high COE prices may actually result in more vehicles, at least for the short term.

 

Why all ppl are thinking changing of a new in charge we will have changes like lower Coe?? U think that will happen??

Impossible!!

U think the new leader will let Singapore drop to a third world country??

So lower Coe meaning more vehicle on road. Now the whole Singapore is super pack with so many vehicles. Just be on road during peak hours and u will know. that a real problem which had to be solved. Both public or private transport.

To get opposition in is to add pressure so that no one is complacent sitting at the helm.

Voice of the commoner need to be heard but here?? I doubt so.

Edited February 21, 2015 by chriszzz

[Ni3KiDz]

So, lower COE means third world country? Explain why other first world countries don't have COEs. Even crowded cities like Tokyo, New York, London, Hong Kong do not have COEs. COE is only 1 way to tackle the problem.

 

Secondly, having COE does not mean it should be sky high. It's perfectly possible to have COE and yet have a system that does not cost the people so much. Suggestions have already been tabled but the government has refused to implement them because it will make them less money.

 

Thirdly, lower COE does not mean more cars or bikes on the road. The number of COEs is fixed by the gov. If the government says there will be 5000 COEs this year, then whether it cost $100,000 or $1, the number of COEs remain at 5000, and the number of vehicles added to the roads will also be 5000. No more, no less.

 

In fact, if the COE is low, then vehicle owners will scrap their current vehicle at the end of 10 years, and buy a new vehicle, keeping the number of new vehicles at 5000 (using the above example). But if the COE is high, he may decide to pay the PQP and keep his current vehicle. The number of COEs (and vehicles) added this year will now be 5001 (since the old car was not scrapped). So high COE prices may actually result in more vehicles, at least for the short term.

By having lower Coe does not mean third world but having a incompetent leader will lead us down that road. You all can complain and will when we are there.

You all can see how it affecting the countries from all over the world. You all can complain about this been high & that been high but it is because of ourselves or???

So when we slow down or stop and other countries catch up?? When our currency does not hold strong value, will u all still talk like this?? We are lucky that other are incompetent but they have a lot which SG does not have however they fail to build on it.

Do we have the hunger for success like the ft?? Or we just sit back and keep thinking why this why that does not work out. We are living in a too well protected environment which our youth had a disadvantages when facing tough competition from outside world.

Not sure how many of the ppl here can see it, but I personally deal with all nationalities and I can see the urge in those ft (even a worker) . They will to put in hard work to achieve what they want but local???

I'm not a support of pay and pay, I hate the system also but I see more positive than negative in the system.

Thing are on the high but why we cannot strive hard to get what we want.

I just bought a new bike when the Coe was high, I'm complaining also however I spend most of my energy to improve myself and make sure that I can survive in this country and make my life better rather than sit down and just complain and waiting for thing to happen. How u want to live your life is in your hand not others.

Also those countries u mention, are there any changes after they change their leader?? Especially HK.