Coe!!!!!!!!!!

[chriszzz]

Many things are naive until it happens.

 

You really sound like another naive young chap, my friend.

[atco22]

PAYB is a system I support, but like what was discussed above, it will only work if it is strictly enforced.

 

On top of PAYB, I will like to see bidding not in terms of dollars, but in terms of a percentage of the machine price.

 

1. Everyone bid for their own COE, expressed as a percentage of the machine price of the vehicle they want to buy.

 

2. Buyers need to get in-principle-approval of loan for vehicle prior to bidding of COE.

 

3. Dealers need to confirm machine price with buyer, and hold that price for 3 bidding period.

 

4. Buyers are committed to the percentage they bid for, if they are successful.

 

 

If this is adopted, if a buyer bid at say 20.00%, he will only pay 1k for the COE of a Honda PCX150 which is priced at 5k, but he will pay 10k for the COE if he buys a 50k Goldwing. This will ensure those who needs a vehicle can still get it, and those who can afford to pay, pay the amount they are comfortable with.

 

Right now, if we look at the cars' COE. A person buying a vehicle with a machine price of 70k is paying almost 100%(of machine price) for the COE, while a person buying a 700k luxury vehicle is only paying about 10% of the machine price for the COE.

 

Of course, my suggestion is definitely not without issues, but I am only a man-on-the-street, whom the government will not hear.

 

Just for discussion sake. Those who disagree with my suggestion are entitled to their own opinion.

[duo]

PAYB is a system I support, but like what was discussed above, it will only work if it is strictly enforced.

 

On top of PAYB, I will like to see bidding not in terms of dollars, but in terms of a percentage of the machine price.

 

1. Everyone bid for their own COE, expressed as a percentage of the machine price of the vehicle they want to buy.

 

2. Buyers need to get in-principle-approval of loan for vehicle prior to bidding of COE.

 

3. Dealers need to confirm machine price with buyer, and hold that price for 3 bidding period.

 

4. Buyers are committed to the percentage they bid for, if they are successful.

 

 

If this is adopted, if a buyer bid at say 20.00%, he will only pay 1k for the COE of a Honda PCX150 which is priced at 5k, but he will pay 10k for the COE if he buys a 50k Goldwing. This will ensure those who needs a vehicle can still get it, and those who can afford to pay, pay the amount they are comfortable with.

 

Right now, if we look at the cars' COE. A person buying a vehicle with a machine price of 70k is paying almost 100%(of machine price) for the COE, while a person buying a 700k luxury vehicle is only paying about 10% of the machine price for the COE.

 

Of course, my suggestion is definitely not without issues, but I am only a man-on-the-street, whom the government will not hear.

 

Just for discussion sake. Those who disagree with my suggestion are entitled to their own opinion.

 

That sounded reasonable and it might work. But the excuse for COE is to cut down on thr number of vehicles as with ERP to decrease jams. But we all know its a scam. Till we have a government whom really cares for its man-on-the-street, they will just counter such suggestions with irrelevant excuses that go against it. And sadly nothing will change. Then they will come out with another way to screw the citizens but make it all look nice. Its happened once too many times.

[Jehuty]

Look, you can try to make sense of it all, bottomline is COE is not to control congestion, its revenue, if got COE why have ERP? Why bring boatloads of FTs? Simple as that, just about everything they do is.

 

You have 3 options, 1) vote them out 2) get yourself out of Singapore or 3) have enough money none of this matters.

 

1) Requires praying, with their gerrymandering, possible vote rigging, blatant disregard of the laws they set, new citizen and disillusioned or paid voters. Its hard to say

2) The problem isn't with doing so, the question often is what about your loved ones. Also uprooting not just yourself but the whole family is a stressful ordeal if one isn't used to the host country.

3) Tough question, just about everyone wants this eh, if it was so easy everyone would have done so.

[Amon-Ra]

This discussion has been going on in the car community/forums for many many years already. Suggestions have been made, ranters have ranted, complainers have complained, petitions have been proposed and put forth to the proper authorities, and the list goes on...

 

What has all these years of trying to change things achieved?? CAT A: $61,000. CAT B: $69,000. CAT C: $57,000. CAT E: $70,000.

[atco22]

See LTA's reply on my suggestion :

 

Feedback on COE bidding system

FEEDBACK NUMBER: 20150306-0788

 

We refer to your email of 6 March 2015.

 

With regards to your suggestion, we wish to explain that the review of the Vehicle Quota System (VQS) undertaken by the Government Parliamentary Committee (Communications) in 1999 had received similar suggestions to use scaling factors based on the Open Market Value (OMV) or price of a car to determine the COE premiums to be paid.

 

However, using the OMV or price of cars in the manner you have suggested could lead to some unintended and undesirable problems. This is because cars of the same model could have different OMVs and the OMV of a model could also fluctuate from time to time due to changes in both the exchange rates and the manufacturers' prices. These frequent changes in the OMV or price could result in confusion and uncertainty for those intending to bid for a COE.

 

The Committee also felt that using OMV or price as a basis would provide greater incentive for dealers to manipulate the OMV of cars.

 

For equity purposes, progressivity considerations are already incorporated in the tax structure of vehicles. Owners of a vehicle are required to pay the Additional Registration Fee (ARF), which depends on the OMV, on top of the COE premium when registering a new car. Therefore if a household or an individual decides to own more and expensive cars, he/she will be subjected to more taxes.

 

We thank you for writing in.

[Jehuty]

If a household has more than one car, the taxes imposed are probably insignificant to them. LTA never tell you meh?

[atco22]

You saw what they told me....what you said we all know, but maybe they dun.

[JLC]

Thanks for full explanation. I agree the buyers should somehow boycott COE's beyond 1k but hey if they can make it 1k then why not 1$. It would require some sort of Singapore bikers lobby group but there will always be competition to get the bike. If you agreed to only pay 1$ and held that position for 1 year and refused to pay more and then still couldn't get a bike after all that waiting then maybe people would start to say $10 and the rest follows. For sure 5k+ for COE is bullshit to the extreme so best we keep talking and tossing ideas about maybe we will collectively come up with a good plan because we are the buyers and if united we hold the power ;-)

[vvv]

1234567890

Edited July 30, 2015 by vvv

[kzone]

Thanks for full explanation. I agree the buyers should somehow boycott COE's beyond 1k but hey if they can make it 1k then why not 1$. It would require some sort of Singapore bikers lobby group but there will always be competition to get the bike. If you agreed to only pay 1$ and held that position for 1 year and refused to pay more and then still couldn't get a bike after all that waiting then maybe people would start to say $10 and the rest follows. For sure 5k+ for COE is bullshit to the extreme so best we keep talking and tossing ideas about maybe we will collectively come up with a good plan because we are the buyers and if united we hold the power ;-)

 

5k is still cheap! car COEs are more expensive than the cost of a basic car... looks like bike COE also heading that way! I guess we have to count our blessings for enjoying cheap bike COEs all these years...

 

of cos I want cheap COE or better still no COE but without the increase in supplies of COE only those who are willing to pay more will get that paper. So time to cut down on other expense to save up for ur next COE (if u alredy own a bike now)...

 

Cutting down ciggaretes fm 1 pack daily to half a pack daily will save u about $1800 a year

Cutting down on booze will save u maybe $1000 a yr

Cutting down on massages another $500 a yr

downgrade the monthly restaurant to hawker maybe another $1000

some examples only... calculate wat u spend on and cut down ah... mybe take 2-3yrs to save up for COE which will last u 10 yrs... still cheap rite!

 

$5k COE is less than $50 a mth... if cant afford this, better ride bicycle!

 

I dont like everything i say above, but that's the reality now... let's see if there will be changes in 2016 after they win with a less than 5% margin

[Lasoul]

5k is still cheap! car COEs are more expensive than the cost of a basic car... looks like bike COE also heading that way! I guess we have to count our blessings for enjoying cheap bike COEs all these years...

 

of cos I want cheap COE or better still no COE but without the increase in supplies of COE only those who are willing to pay more will get that paper. So time to cut down on other expense to save up for ur next COE (if u alredy own a bike now)...

 

Cutting down ciggaretes fm 1 pack daily to half a pack daily will save u about $1800 a year

Cutting down on booze will save u maybe $1000 a yr

Cutting down on massages another $500 a yr

downgrade the monthly restaurant to hawker maybe another $1000

some examples only... calculate wat u spend on and cut down ah... mybe take 2-3yrs to save up for COE which will last u 10 yrs... still cheap rite!

 

$5k COE is less than $50 a mth... if cant afford this, better ride bicycle!

 

I dont like everything i say above, but that's the reality now... let's see if there will be changes in 2016 after they win with a less than 5% margin

 

based on your calculation

then I presume bike COE at 20k is also ok,

because it is less then 170 a month .

[kzone]

based on your calculation

then I presume bike COE at 20k is also ok,

because it is less then 170 a month .

 

if it reaches 20K, that means its ok to all those who got the COE. otherwise they wont have bought that new bike. wont be ok for the rest of us and we will not get a new bike.

[Throttle]

Many things are naive until it happens.

 

In that case, you havent happened yet.

 

[Throttle]

The chenghu wants you all to know, nowadays only the rich can ride and drive.

The poor or poorer one pls take public transport. Don't block the rich on the road!!

 

To the poor, a COE means their entire saving.

To the rich, a COE just like buying a roll of toilet paper.

 

 

That has always been the way of the jungle, in case you dont know.

 

However, dont be mistaken, this doesnt mean that i agree that the COE should be where it is now.

[Throttle]

If a household has more than one car, the taxes imposed are probably insignificant to them. LTA never tell you meh?

 

Well, it is like pain. Different people have different thresholds.

 

i see some stupid young punks who go deep in debt only to buy a silly $35k bike to keep up with the Joneses.

[wait4me]

Well, it is like pain. Different people have different thresholds.

 

i see some stupid young punks who go deep in debt only to buy a silly $35k bike to keep up with the Joneses.

 

senior , dun like that say me leh ....

i working hard now u know, morning send newspaper , then go 9 to 5 job

at night do delivery ,

[Throttle]

senior , dun like that say me leh ....

i working hard now u know, morning send newspaper , then go 9 to 5 job

at night do delivery ,

 

Not say you lah, I also working hard leh.

the bikes i buy are all old and cheap ones leh...

[ImNotFish]

I thought it was ridiculous when it was about 3k. look at the price now lol

[chriszzz]

In that case, you havent happened yet.

 

 

Why are you insulting me? Have I offended you?

[Throttle]

Why are you insulting me? Have I offended you?

 

 

Plse dont take it as an insult.

just being straight and direct

an insult would be a lot worse, i can guarantee you that.

i therefore apologize if i pricked you

 

but do take a step back and view the big picture.

this is what our youngsters need to do.

you are the future of Singapore, my friend (am assuming that you are Singaporean)

we will depend on you guys next time.

so i hope the younger generation adopt a broader perspective before jumping in and jumping up (and down)

 

and trust me, we are on the same side

[736cc]

Plse dont take it as an insult.

just being straight and direct

an insult would be a lot worse, i can guarantee you that.

i therefore apologize if i pricked you

 

but do take a step back and view the big picture.

this is what our youngsters need to do.

you are the future of Singapore, my friend (am assuming that you are Singaporean)

we will depend on you guys next time.

so i hope the younger generation adopt a broader perspective before jumping in and jumping up (and down)

 

Well say bro

[Throttle]

Well say bro

 

long time no see, and long time no ride together already, old friend.

all thebest to your business for 2015

hope that you gain the success that your passion brings.

cheers

[kzone]

yay! its up again! so many ppl buying new bikes, so shiok!

[Throttle]

yay! its up again! so many ppl buying new bikes, so shiok!

 

wooooooohooooooo