Latest Feb 2015 COE $5,540 that made the lower and middle income suffer more!

[chriszzz]

But that's a good idea. Logically, COE is a permit, and permits (apart from commercial permits) are always paid in cash. If you don't have the cash for a permit, then you cannot apply. Same as any other permit.

 

If the permit is so expensive that citizens cannot afford it, then screw the people who put the system in place.

 

 

wow the govt sure like your idea.

pure cash for car coe

pure cash for bike coe..

I hope they dun raise bike coe to 20k because I for sure do not have the cash upfront

[hachi]

COE is part of the element in the equation. If we remove it, then pay by individual, is a totally different story. Cos using cash upfront during the bidding process, anyone in the right mind would pay $5800 for COE?

Or on a monthly basis can you find >300 people without a right mind? But for dealers no problem, as long as they pushes the sale.

[kaiq]

Not sure if pure cash to replace loan is a good idea. It just seems to push people to a money lender (legal or illegal) instead of the bank.

 

Or worst if someone borrow money from ah long just bcos not enough cash upfront.

[xaley]

Who says this round COE price will go up some more?

 

I vote go up...by $500.

[hachi]

Down down down..

[kaiq]

Just did a simple comparison on whether did the demand increase from 2010 to 2014, based on the no. of bids received. The demand is indeed increasing from 2010 to mid-2014, highest at Jan 2014. However, from the 2nd half of 2014, the demand is decreasing, to the point in Dec 2014 it is actually lower than Dec 2010.

 

In general, I would say the demand now is not increasing, but decreasing slowly.

[safeins]

Not sure if pure cash to replace loan is a good idea. It just seems to push people to a money lender (legal or illegal) instead of the bank.

 

Or worst if someone borrow money from ah long just bcos not enough cash upfront.

 

That's why now you can see so many legal money lender coming out from the market! Why?? Lower income who really need a basic transport will suffer! debts, debtss and DEBTSSS!

[stsoh]

Who says this round COE price will go up some more?

 

I vote go up...by $500.

 

next coe round $6k.

trend up, no drop.

[MR BIKER]

i bet it will be slightly down. say $5100 to 5200. because i think the major players (motorcycle assocation) yeh you hear me, have plannned such that the pqp should be around $4k plus. so i bet next month, the coe will drop a bit more.

tomorrow i await you

[kaizersg]

Hard to say la go up/down , I'll will be surprised if it reaches $10K then... now for a class 2b new bike a mere $10k easily , its a pity for those newly just pass their license.

[stanlim88]

Here are the latest Certificate Of Entitlement results from Tuesday's bidding exercise:

 

CategoryCurrent COE premium ($)Previous COE premium ($)

A - Car (1600cc & below) 61,41057,199

B - Car (above 1600cc) 68,66866,751

C - Goods vehicle & bus 56,50153,202

D - Motorcycle 5,5015,800

E - Open 70,50067,901

 

Source: Land Transport Authority

 

- See more at: http://www.straitstimes.com/news/singapore/transport/story/coe-prices-close-higher-first-march-bidding-exercise-20150304#sthash.yabG5sLt.dpuf

 

 

 

Sent from my iPhone using Tapatalk

[beginner444]

Still high, just don't buy from dealers, spread the word.

[Boon6600]

Look at the allocation, 900 plus for cat A while 200 plus for cat D. How to lower congestion, more like how to make money.

[kaizersg]

Still high, just don't buy from dealers, spread the word.

 

[duo]

Look at the allocation, 900 plus for cat A while 200 plus for cat D. How to lower congestion, more like how to make money.

I concur.

[safeins]

Results for February 2015 1st Open Bidding Exercise for Motorcycle: $5,504.00

Results for FEBRUARY 2015 2nd Open Bidding Exercise for Motorcycle: $5,800.00

Results for MARCH 2015 1st Open Bidding Exercise for Motorcycle $5,501.00

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

 

** Do you know the petrol price has gone UP after the increase of petrol tax? Why these private companies increase so... fast?

 

 

Since 1990: Reference on how much the COE goes up, Up, UP! http://tralvex.com/pub/cars/coe.htm

Edited March 4, 2015 by safe&ins

[vvv]

GST = Give Singaporean Trouble...

 

COE = Car Over Prices...

 

SMRT = Singapore Mess Retarded Train...

[kaizersg]

GST = Give Singaporean Trouble...

 

COE = Car Over Prices...

 

SMRT = Singapore Mess Retarded Train...

 

:cheeky:

[DeusExMachina]

Read what the garmen says about our ideas...

 

http://www.mot.gov.sg/Transport-Matters/Motoring/What-if-COEs-were-allocated-in-a-different-way-/

 

 

Pretty weak reasoning against banning dealers from bidding.

"Banning dealers from COE bidding"

 

During the public consultations and surveys conducted by the Land Transport Authority to gather opinions on COE, some participants called for a ban on car dealers from bidding for COEs.

 

The common belief is that when COE prices are lower, dealers decrease their prices without offering the full reduction to customers. Dealers are therefore perceived to be profiting from the savings of lower COE premiums.

 

However, this works both ways. When COE prices are on the rise, dealers generally absorb some of the cost increase. They therefore act as a buffer for volatile COE prices in both situations.

 

Banning dealers from bidding for COE also has other shortfalls. Some car buyers prefer the convenience of dealers bidding for them. Hence, even if the ban were put in place, car buyers could easily get around it by getting dealers to bid in their names. That would make the ban on dealers ineffective and unnecessary."

 

There's not much of a convincing argument here from them.

 

Dealers absorbing the price:

What they're saying is, when COEs are high, dealers will reduce the price of the cars (i.e; their profits) to buffer or compensate for the final price. They'll give you discounts, of sorts.

But, we all know the OMV of a car. And the ARF. All these info can be checked online. Buyers who are discerning will go around the dealers and compare prices, choosing something of reasonable value. This will create competition on pricing.

 

And while the dealers will price the actual machine price higher, with a $30,000 COE, it won't matter if they discount the car 5K or not. Because it's more preferable than a $60K COE.

 

Same applies to motorcycles.

 

 

Car buyers prefer the convenience of dealers bidding

This reason is laughable. The "convenience" only applies to the well heeled who're not affected in their deep pockets by ridiculous prices.

If you, or any other average person, knew that taking a bit of time to go online to submit a bid, will potentially save you $10K, $20K, wouldn't you do it?

So are they pandering to the elites?

 

Education is the key. As someone has said. Bidding for COE is easy. All it takes is measures to support this.

Use a SINGPASS to put in your bids. Would a sane or non-ignorant person give his SINGPASS to a stranger or dealer, knowing full well that that same SINGPASS would give anyone access to IRAS, CPF, HDB, NS Portal?

 

Simply make it an offence for someone else to use your Singpass, with a heavy enough penalty, and along with proper education and a streamlined, easy-to-use online bidding system.

Problem can be solved. Offenders, minimized.

 

 

It's just whether the SingGov and LTA are WILLING to make the change and potentially see revenue from this area drop.

It's as simple as that.

[MR BIKER]

Pretty weak reasoning against banning dealers from bidding.

 

 

There's not much of a convincing argument here from them.

 

Dealers absorbing the price:

What they're saying is, when COEs are high, dealers will reduce the price of the cars (i.e; their profits) to buffer or compensate for the final price. They'll give you discounts, of sorts.

But, we all know the OMV of a car. And the ARF. All these info can be checked online. Buyers who are discerning will go around the dealers and compare prices, choosing something of reasonable value. This will create competition on pricing.

 

And while the dealers will price the actual machine price higher, with a $30,000 COE, it won't matter if they discount the car 5K or not. Because it's more preferable than a $60K COE.

 

Same applies to motorcycles.

 

 

Car buyers prefer the convenience of dealers bidding

This reason is laughable. The "convenience" only applies to the well heeled who're not affected in their deep pockets by ridiculous prices.

If you, or any other average person, knew that taking a bit of time to go online to submit a bid, will potentially save you $10K, $20K, wouldn't you do it?

So are they pandering to the elites?

 

Education is the key. As someone has said. Bidding for COE is easy. All it takes is measures to support this.

Use a SINGPASS to put in your bids. Would a sane or non-ignorant person give his SINGPASS to a stranger or dealer, knowing full well that that same SINGPASS would give anyone access to IRAS, CPF, HDB, NS Portal?

 

Simply make it an offence for someone else to use your Singpass, with a heavy enough penalty, and along with proper education and a streamlined, easy-to-use online bidding system.

Problem can be solved. Offenders, minimized.

 

 

It's just whether the SingGov and LTA are WILLING to make the change and potentially see revenue from this area drop.

It's as simple as that.

 

BASICALLY, G IS PLEASING MORE OF DEALERS AND THE RICH MORE THAN THE GENERAL PUBLIC or maybe G is more worried of them??

[DeusExMachina]

I would think that the dealers indirectly benefit from the Gov's policies.

 

I have some foreign counterparts/partners at work, and even they told me a nice little story about the congestion charges in London. It works somewhat like ERP. And like ERP, it's ineffective.

People still drive into town. The charges serve as nothing more than revenue generation.

 

Similarly, the ERP, petrol duty, and COE will not serve to completely deter people from buying cars or using them on their usual congested route. COE, ERP act as indirect taxes which goes into their coffers. Now, going into their coffers does not necessarily mean going into their paychecks.

 

The fact is that we're funding their infrastructure projects. Who do you think pays for the MCE/KPE, MRT/NEL/DTL, all those new viaducts and underpasses, overhead bridges, ERP gantries, etc etc? We're funding them. WE are funding them through this indirect taxation.

 

Ironically, we're funding the demise of our ability to own a personal vehicle, and freedom of mobility. As we pay more of this indirect tax for them to build more public transport infrastructure, and ERP gantries, the charges levied upon us keep rising. Our indirect taxes keep rising.

 

Food for thought.

[wait4me]

so next month someone go crazy . log in singpass

straight put bid 5k , the price jumps will go craxy in the last 5 mins ?

[DeusExMachina]

so next month someone go crazy . log in singpass

straight put bid 5k , the price jumps will go craxy in the last 5 mins ?

 

He'll be the highest bidder. But the premium is based on the lowest successful bid.

 

You'll need many crazy ppl.

[kaizersg]

I would think that the dealers indirectly benefit from the Gov's policies.

 

I have some foreign counterparts/partners at work, and even they told me a nice little story about the congestion charges in London. It works somewhat like ERP. And like ERP, it's ineffective.

People still drive into town. The charges serve as nothing more than revenue generation.

 

Similarly, the ERP, petrol duty, and COE will not serve to completely deter people from buying cars or using them on their usual congested route. COE, ERP act as indirect taxes which goes into their coffers. Now, going into their coffers does not necessarily mean going into their paychecks.

 

The fact is that we're funding their infrastructure projects. Who do you think pays for the MCE/KPE, MRT/NEL/DTL, all those new viaducts and underpasses, overhead bridges, ERP gantries, etc etc? We're funding them. WE are funding them through this indirect taxation.

 

Ironically, we're funding the demise of our ability to own a personal vehicle, and freedom of mobility. As we pay more of this indirect tax for them to build more public transport infrastructure, and ERP gantries, the charges levied upon us keep rising. Our indirect taxes keep rising.

 

Food for thought.

 

:clap:Well said bro

[DeusExMachina]

In short. We are fcuked.