MAY latest COE results

[EEXOOO]

U sure ? I pay open cat coe at 65k and use for vios, the coe value will become 60k ???

He's right, open cat coe will tag to the relevant category coe price once it's registered.

So in this case, become 60k value.

 

[Yo2020]

sorry i really dunno how open cat works.
but from what you said, it means if i successfully get a Open Cat COE at 65k and i am getting a Cat B car then i only pay: 65k + Cat B car price?

1 of the diff between open cat n norm cat is the way it computes the PARF. for open cat, it will b basing on the lower of open cat value n the COE value of the cat the veh is registered in.

using last round of COE, cat A 60002, cat B 70002, open cat 65501.
eg1: a cat A car registered using cat A, paid COE is 60002 n PARF will use 60002.
eg2: a cat A car registered using open cat, paid COE is 65501 but PARF will use 60002 (coz it's lower than 65501).
eg3: a cat B car registered using cat B, paid COE is 70002 n PARF will use 70002.
eg4: a cat B car registered using open cat, paid COE is 65501 n PARF will use 65501 (coz it's lower than 70002).

LTA: "For vehicles registered using "Open" Category COEs, the rebate will be based on the QP of either the "Open" Category, or its corresponding category, from the same tender exercise, whichever is lower."

further reading: PARF_COE_Rebates

 

[hwsinn]

1 of the diff between open cat n norm cat is the way it computes the PARF. for open cat, it will b basing on the lower of open cat value n the COE value of the cat the veh is registered in.

using last round of COE, cat A 60002, cat B 70002, open cat 65501.
eg1: a cat A car registered using cat A, paid COE is 60002 n PARF will use 60002.
eg2: a cat A car registered using open cat, paid COE is 65501 but PARF will use 60002 (coz it's lower than 65501).
eg3: a cat B car registered using cat B, paid COE is 70002 n PARF will use 70002.
eg4: a cat B car registered using open cat, paid COE is 65501 n PARF will use 65501 (coz it's lower than 70002).

LTA: "For vehicles registered using "Open" Category COEs, the rebate will be based on the QP of either the "Open" Category, or its corresponding category, from the same tender exercise, whichever is lower."

further reading: PARF_COE_Rebates

So am i right to say if i wan to drive the car for 10yrs the PARF dun matter and going with the open cat + cat b car is considered worth it (as i save 10k in coe)

 

[Yo2020]

So am i right to say if i wan to drive the car for 10yrs the PARF dun matter and going with the open cat + cat b car is considered worth it (as i save 10k in coe)

what is your scenario? how to save $10k?!

 

[hwsinn]

what is your scenario? how to save $10k?!

sorry, 5k. cos cat b coe 70k but i buy open cat at 65k

and of cos my parf is 65k lo.

 

[Yo2020]

sorry, 5k. cos cat b coe 70k but i buy open cat at 65k
and of cos my parf is 65k lo.

yes, save 5k if u bid/buy the open cat. if agt gv the open cat, then no good, lost 5k.

 

[AL5509]

yes, save 5k if u bid/buy the open cat. if agt gv the open cat, then no good, lost 5k.

Regards to bidding under CAT B or Open CAT is not chosen be the buyer right?

Agent will bid on your behalf with regards to which is lower right?

 

[Yo2020]

Toyota Altis is 56K rebate this week. Lucky never rush in to buy.

56k was the Classic scheme. for Standard scheme is 47k only!
both r non-guaranteed. for the guaranteed Gold scheme is 60k.

 

[Yo2020]

Rite now buy new car is more worth than buying 2nd hand cars!!

yes, but ppl usually buying 2nd hand not bcoz it's less worth. it's more bcoz it required less cash (coz lower selling price).

 

[Yo2020]

wah... 3 yrs to go, so kiasu. it looks like we need more COE quota to cater for this group of buyers.

"
... who bought a Toyota Altis at $109,000 from the Toyota showroom in Ubi, there could be no better time to replace his seven-year-old car. He does not think premiums are about to drop much further. "If it rises again from next month, I don't know how many months or years I may have to wait," said the 44-year-old, who works in advertising.
"
source: chase-car-heats

 

[devilcup]

sell a 7 yr old car can get back some cash...

it depend on how u see it...

sell high pay high for new car, unless u prepare to stop driving like my fren.

 

[AL5509]

wah... 3 yrs to go, so kiasu. it looks like we need more COE quota to cater for this group of buyers.

"
... who bought a Toyota Altis at $109,000 from the Toyota showroom in Ubi, there could be no better time to replace his seven-year-old car. He does not think premiums are about to drop much further. "If it rises again from next month, I don't know how many months or years I may have to wait," said the 44-year-old, who works in advertising.
"
source: chase-car-heats

Lolololol the thing is everyone is waiting.

Just from this forum, can sense a handful are getting ready.
Hope that the COE quote is enough to feed the on-coming demand ahead with more cars scrapping.

 

[zeppelin]

The problem now is not the COE, the problem for me is to throw 40% cash just like that. I can take the money and throw in somewhere or invest somewhere or use it for emergency cases.

And this is the main reason a lot of people are putting off buying cars. You throw 40% cash and still got to fork out monthly within 5 years.

You will see people lining up buying cars if MAS pull back the loan policy back to 100% loan.

 

[Tyrian]

The problem now is not the COE, the problem for me is to throw 40% cash just like that. I can take the money and throw in somewhere or invest somewhere or use it for emergency cases.

And this is the main reason a lot of people are putting off buying cars. You throw 40% cash and still got to fork out monthly within 5 years.

You will see people lining up buying cars if MAS pull back the loan policy back to 100% loan.

if ppl can pay the 40% loan, why not?

lets hope COE drop to $1. then lets luff at them.

definitely, those who bought 90k COE must be heart pain nw.

 

[zeppelin]

if ppl can pay the 40% loan, why not?

lets hope COE drop to $1. then lets luff at them.

definitely, those who bought 90k COE must be heart pain nw.

Heartpain one thing, I heard rumours, repeat rumours only ha by car dealers, that by 2015 to 2016 not only COE drop further but 100% loan re-establish because of obviously.........ELECTION.

Waiting for it to happen........