linzhiling SG Did you all read the news? COE prices are dropping like stone - $2000 down again yesterday. Cat B COE less than 15K OMG LUCKY I DID NOT BUY A CAR JUS YET I will use car sharing till next year when they predict COE will reach 10000 only, then I will buy a new car Even now, a Korean car is dropping to 35k and a Japanese car less than 50k. Scary news for 2nd hand dealers but good news for all of us! Of course, my condolencs to those who just bought their rides... So people, rent a car, or car-share, or take taxi or public transport, do anything but DON'T BUY A CAR NOW! New COEs will be released the prices will be expected to drop even further, up to 20%!! Cheers to cheap Cars!
bunny2002sg SG What's there to say? Good lor... (Just hope it'll still be this way 2 years later... )
ditzy SG Woah, that means harder to sell off a car as 2nd hand. Scrapping your car seems more realistic.
wbucket SG Sound like a conspiracy. The roads are still jamming. But the claim is many cars de-registered. Think G-man just want to increase the number of cars, then add a few more ERPs "to ease the traffic".
charlize SG More cars mean more revenue from ERPs. Who gives a Shit about traffic jams or congestions?
ewoodrovers SG If the cars continue to increase, i won't be the ERPsssss.. they will probably invent a chip to be placed on your car and bill your according to your road usage
Praetorian111 SG It was inside the news stating that LTA will issue another 12000 copies of COE from Oct until March. I don't think it will be that cheap after March 2006. Maybe in a few yrs time the second hand market will revive again being the pricing of this batch of cars. This is however my own point of view, the market might move in another manner. Cheers
spencer99 SG Got a good pt... after March 2006, things might be uncertain.. but from now to Mar 06, there will be a lot of car scrapage due to falling car pricess.... if that is the case, we should see hi COE numbers after Mar 06 as well... so it is hard to say.
DarthVdr SG If more car scrap from now till March then more COEs will be issued right? More COEs==> Cheaper COE prices Cheaper COE prices==> Less revenue for Gah man Less revenue==> Increase ERP, Road tax, parking, increase petrol tax, maybe full tank when enter JB. etc. Cheaper car==> People happy Higher cost of ownership==>Gh man happy Moral of story: EVERYONE HAPPY !!
coolblue6699 SG According to the news paper, actually LTA shall issue more than 12,000 extra COE. They didn't do it just because there is a cap for per increament. So, expect another 12,000++ extra from March onwards. Will the COE go down further?? only god will know, but for sure it will not rebounce.
nopulseisgood SG dun know why coe price can keep fallin??it like car become so much more affordable that ppls will be goin in like riot to snap those cars up….not tryin to bs here or what but its really sad to know that the u booked had fallen 2k even b4 u open the goddamn door. F…all ppls say car start to depreciate once they leave the dealership but mine not even in and it already depreciate..SADZ 2k…wonder how many ice-creams can 2k buy??
casshern SG its "ka-ching" to the top ! more COEs = more cars = more road tax = more erp = more parking can see the digits of cash register hopping like mad
zodi SG u r sure advanced in ur thinking! r u an aquarius?! haha, ok pple, moral of the story for u now is... LEARN TO BE RESPONSIBLE FOR YOUR FINANCE MATTERS. is a car a Need or a Want?
sbst275 SG Well, like for me I drive to somewhere easy, then transfer to take bus or MRT Save hassle of looking of parking lot, petrol and time
