Today COE shoot up again!

Mitsu_lancer SG

Hmm.. may be a bad news to some as some are still waiting for it to drop before buying their love car.. but it s also goodnews for those who had bought or just bought your ride.

Government had lessen 10000+ COEs per annual.. do you guys think that COE will shoot up further?

Just check with my SE.. Mit. Lancer had gone up by 1.5k already.. and with the rise of COEs.. will affording a car be tedious again? Although govt says will the price will stay within 3%.. but hey 3% is a lot of money! you can use that 3% to pay the interest.

Is it the right time for ppl who are still waiting to buy or continue waiting?

WAIT? / BUY?

DROP? / RISE?

huoye SG

pls leh... rise by $1k+ call shoot up meh? Shocked

want to buy just buy want to wait just wait, most like COE will be between $10k - $15k for all Cat.

so divide by 10yrs is like only extra $500 a year if cant afford this den better dun buy.

those dat want to buy car has bought their car, those that change also change liao. not much pple will buy liao....

cornyfish2000 SG

Dude, it's a cycle... now COE rise, all the car companies raise their car prices by $2k. So that in the next bidding, they will all bid $2k higher for their COEs, so the next COE will be another $2k higher than the current one. The car companies will respond to that by raising the price a further $2k more, and COE will rise by another $2k in the next next bidding... and so on.

That's why as i've always said, COE is on the upwards trend now, want to buy better buy now cos the only way is UP.

And it is not true that people who want to buy new car will already have bought. There are MANY MANY MANY still out there considering whether to buy/change car, and many first time buyers too. The demand will NEVER end...

I predict the COE will hit 20k by mid year.. maybe even earlier. Rolling Eyes

toyota-corolla SG

yea but it quite worth it when you buy a car which cost 20k, as in the future you want to change car it made life easier for you

sinicker SG

yeah man. i hope it goes up slowly.. not so fast. april my dad wanna buy car.

slowly slowly.. man man lai.

Mitsu_lancer SG

agree with you.. the demand i will never cease.. cause u still can see so many older cars out there.. ppl are waiting for a new ride! rise of COE also means rise of car prices... bought a lancer few says ago before the rise of COE for 53k.. now it cost 1k more for coe and 1.5k more for the lancer..

so ppl.. want buy.. buy soon.. haha.. [/b]