How low will COE drop?

kmkm SG · 2005-10-12T23:03:51+00:00

I think COE prices will be back. Only recently because car price drop, then people start so scrap their cars (LOL), but I think this is the lowest it can go....

kmkm SG

Hi, just to get a feel of the general opinion. I think the next psychological level is $10K. Depending on the release of COE next year, I think $8k may be possible if again, there are extra COE releases. Otherwise, $10K may be the lowest?

boi86 SG

dont be greedy. 10k is already very low. the only thing now for coe is that they will go north, and not south.

kmkm SG

I thought so too when COE went below 20k a year back, but it continued south. So now that more COEs have been released, won't it not be possible for it to drop further?

I agree that 10k is already very low, but for Cat A, 10k can still make up to 25% of a car's price, so price sensitive buyers for this Cat will still like to see it go further down right? But for Cat B then maybe the story can be different.

fondue SG

Heard that the showrooms were all jam-pack over the weekend. Sub-10k COE would be at least some months away.

coolblue6699 SG

As long as COE still cost some $$, there is a chance for it to go lower. Lets see when LTA release another 12000 COE in March 06, what will happen to the COE. Mr. Green

diamond008 SG

I think $10000 should be the low end. can not be too low, the market will got problem then.

shade343 SG

$10

SnowFlag SG

The lowest it ever get is $50 Mr. Green

hisoka SG

i thought it was 50 cents or 5 dollars?

coolblue6699 SG

$50 lar Mr. Green

1998

onefour02 SG

also rem something like that but might be for other class of vehicles i think

niwde1980 SG

March 06 COE will drop again meh ?? why ar Question

kmkm SG

Still many cars under old PARF system (before the current 110% ARF) so I think owners will continue to deregister their cars to take advantage of low car prices, then LTA will release more COEs to replace the deregistered vehicles, this will gradually level out when those who change cars these 2-3 years find it hard to change again in the next 2-3yrs, and then new car buyers bopian must fight with each other for limited COEs. So I think the low COE will still persist for at least 2 years, which means reaching sub 10K is very possible… unless garment change rules again…

guitarman1 SG

aiyah, u see S'porean all so kiasu, price drop $2-3k then suddenly everyone swarm to buy car liao... can drop further one, but problem is ppl scared they will miss out, so every man for himself...

$50k car ppl can't afford but $47k suddenly mad rush and buy car for self, 1 for son and 1 for daughter...wahahah...

S'poreans all very rich, just waiting for good bargain only. Now's a good time to get a job as SE in car agent.

heluim SG

i tink will drop till 8-9k is not really possible to drop below 5k la i tink.. cos if less than 5k the LTA is not making much $$

coolblue6699 SG

Think must blame the newspaper lar, saying what car price lowest in dont know past how many years....blar blar blar..........

But is this price a good bargain?? only god knows. when this group buyer over, extra COE release hehehehehe....................... think 6K-8K COE possible, but then my car resale value....................... Crying or Very sad

jumpmanz SG

somehow i think it will hit under 10k by 2006.

AE86tofu SG

wads the pt of having so low COES when the prices of petrol is so ex….

kmkm SG

LTA can easily earn the 5K back with ERP charges alone over 10yrs.

shadow_yong SG

will it contiune dropping or what??