Another illusion to fool Singaporean? Lower car price..

euphratis SG

Another illusion create by Gahmen:

Car tax will be lowered to Singaprean can expect cheaper cars.... Shocked . Do you really believe that if you do your calculation right?

Lower car price by $3000..up comes COE by tighthen new release...simple. Cost of COE can be control by number of new release by LTA. COE price will raise from 28K to 40K, increase of 12K against reduciton of 3K....

Honda fit 67K at 5% GST = $3350....so?

Lower tax.........increase GST by 1%; i.e. reduce $100 off your income tax, but if you earn 30K/Yr. Your GST works out to be 80% of 30K (20% to CPF) = 24K - 4k savings x 1% = $200. increase of $200 per Sporean against reduction $100. How many Singapore saves 4K a year, don't they spent it all?

Many will be fooled....just wait and see that COE & rush to get a car...

[email protected]_arms SG

can u please explain to me what that means in more simpler english with no scientific or mathematical jargon? I am dumb.

oldbreadstinks SG

i think he means the current situation is making people think less because of greed and they're actually spending more

euphratis SG

IE:

Old car price:-
Cost of car = $40,000
Gahmen tax = $60,000
Total = $100,000 w/o COE

New car price
Cost of car = $40,000
Gahmen tax = $50,000
Total = $90,000 w/o COE

Difference of $10,000 saving & Sporean goes "wow..cheap..cheap"

Last month release Cat A+B = 3086, total bids received 4055. COE at $24K/$25K respectively.

So how to make the drop in taxation by Gahmen? Release lesser COE. Who will drive up the COE? Car dealer like Nissan, Toyota, Honda......the need to cover sales will bid in bulk & fight each other for a smaller cake.

Just watch the trend my friend. COE has fallen to below benchmark of $28K for a comfortable profit...

Joke: One day Dr.M & Mr.L were having a lunch. Dr.M boastful said: "I am smarter then you & I am handsome, I have created a company to produce cars & selling it back to my people in turn generated more profited..."

Mr.L paused for a while looked at Dr.M grinning away on his face...took a sip off his cup, took a toy hammer out of his bag & start knocking on Dr.M's head saying: " I am m....ore handsome, I just print out a piece of paper and sell them at $30,000 each........"