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

[wait4me]

In short. We are fcuked.

 

yes we are fcuked, in all the holes possible...

i think they targetting my eye holes next

[vvv]

LOL

[kaiq]

Garmen current policies are probably pro business. Business creates jobs, jobs feed the people.

[duo]

Garmen current policies are probably pro business. Business creates jobs, jobs feed the people.

Sadly not the born and bred citizens.

[kzone]

clearly bike COE not going down. how will this affect your choice of your next bike?

[kaiq]

Not everyone believe that COE is not going down though... that's why we are discussing on how to get it done.

[kzone]

we have many solutions. but the govt dont see the rising motorcycle COE as a problem so why should they implement any of those measures...in fact, i feel they "suddenly notice" that bike COEs has been too low that's why the cutback to stimulate the price increase.

 

Similar to cars where we see sudden drop in Honda/Toyota and BMW/Merc become top sellers from 2011, we are starting to see similar trend as the higher priced bikes of BMW & KTM sales has increased while Yamaha & Honda has decreased.

[kaizersg]

Nuff said. Scrap COE lahh. Pay 10yr paper $ for what...

[atco22]

I suggested this :

 

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.

[atco22]

This is LTA's reply :

 

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.

[vvv]

COE is ****, that's it!!

[vvv]

LOL, got auto censored one ah??

[vvv]

1234567890

Edited July 30, 2015 by vvv

[Jehuty]

So you agreed to this system? Like I mention in earlier post, the surge of COE is due to dealers rather than self bidders.

I myself did bid a few times, and you will notice, during the last hour of bidding exercise, the price will start to surge,my point in posting in this thread to omit COS in the overall package when you buy a bike and self bid.

 

COE is due to govt playing with supply. Logic isn't your strong point. If got COE why have ERP? Blaming dealers isn't gonna help, voting something other than the white elephant might.

[Jehuty]

Not everyone believe that COE is not going down though... that's why we are discussing on how to get it done.

 

If the gahmen wants votes, it will go down, if not, they are definately not having mine, on top of many other things. Alternatively i find ways to flee before SG pte ltd goes bust.

[kaiq]

I think COE's price will drop when there is an economic crisis, like in 2003. But better dun pray for it.

 

So far, next year seems going to be a bad year. Look out for signs this year ba.

[hachi]

COE is due to govt playing with supply. Logic isn't your strong point. If got COE why have ERP? Blaming dealers isn't gonna help, voting something other than the white elephant might.

ERP is for rd usage during certain times of the day. COE is to control supply. Simple as that, so voting opposition by abolishing COE, good I mean I can have a cheap transport? So when there is deluge of jams everywhere who should we vote again? By that it would even crippled public transport on the rd.

The current bidding system favor the dealers rather than individuals.

In fact the current tighten of COE, it might be game changer few years down the rd when gov need to simulate the economy when times are bad.

[kzone]

I prefer high, very high ERP charges and no COE at all. Wat's wrong with owning a car why penalise if u're going to use it off peak, in non congested road or even keep at home for that occasional fun drive? It does not contribute to any congestions. This will also spread out traffic away from the peak period more effectively.

 

We have seen how very high parking charges have resulted in ppl taking public transport or park & ride to certain places. These high running cost have more impact on decision whether to drive or not rather than the COE scheme which can be ammortised over 5 to 10 years period.

 

hope to see ERP charges in to town and major expressways during peak hours to be in the range of $20 upwards.

[Jehuty]

ERP is for rd usage during certain times of the day. COE is to control supply. Simple as that, so voting opposition by abolishing COE, good I mean I can have a cheap transport? So when there is deluge of jams everywhere who should we vote again? By that it would even crippled public transport on the rd.

The current bidding system favor the dealers rather than individuals.

In fact the current tighten of COE, it might be game changer few years down the rd when gov need to simulate the economy when times are bad.

 

LOL, that defeats the purpose of a COE doesn't it. Or an ERP, the whole point is congestion control, if you put ERPs everywhere, people still have to go work at this and that timing, you still have to PAY which would be most people unless you work at off peak hours, then again its called off peak for a reason.

 

Lets think of an idea to make money and call it congestion control, we could use balloting or limiting cars to one per household, want more cars buy more houses but like that how to support the economy but most importantly our multimilion dollar salaries, if they need COE to stimulate economy but still paying themselves millions, the country is already at its death throes. What's next is needed? CPF?

 

Lets not get political, its serves no end here.

Edited March 11, 2015 by Jehuty

[kzone]

LOL, that defeats the purpose of a COE doesn't it. Or an ERP, the whole point is congestion control, if you put ERPs everywhere, people still have to go work at this and that timing, you still have to PAY which would be most people unless you work at off peak hours, then again its called off peak for a reason.

QUOTE]

 

try a sudden jump to $20 or more ERP, see how many will adjust timing or switch to park & ride.

[Silent Hunter]

$20 not enough lah.

Try driving to CBD area during peak hours.

Going by CTE to Shenton already $20+++

But still everyday jam.

 

Make it up another $100 sure work.

[matthias76]

$20 not enough lah.

Try driving to CBD area during peak hours.

Going by CTE to Shenton already $20+++

But still everyday jam.

 

Make it up another $100 sure work.

 

SH - You qualify for MP. Run for Yishun GRC and I'll vote you.

 

But I got to move to Yishun first.

 

Thats the mentality of the ruling gahmen. Price everything out of reach. LOL

 

No offence hor. You know I like to TCSS.

[kzone]

$20 not enough lah.

Try driving to CBD area during peak hours.

Going by CTE to Shenton already $20+++

But still everyday jam.

 

Make it up another $100 sure work.

 

where got $20 ERP?

[wait4me]

yeah where got 20 ???

 

CSB ah

[kzone]

wud be cool to see what bikes are left on the road after 10 years of above $5k coe. My guess is malaysian bikes... most sg bike owners left are hobby bikers for that weekly ride or trips up north. or maybe that scenario is only when COE are above 10k