COE going downhill.

[jinmuddy]

I hope so. I wanted to buy 2nd hand car. Went to carmart. All dealers very aggresive to close sales.
some are stuck with old stocks.

Yeah they dreaming of ridiculous depreciation. Do be careful

 

[Dr.Quattro]

bidding for $1 COE.

i got insider news....many went holidays...so car sales low.....
potential to crash to $1.

Sure bo, I not greedy, drop until 10k I chut liao

 

[focus1974]

bidding for $1 COE.

i got insider news....many went holidays...so car sales low.....
potential to crash to $1.

INSIDER NEWS? Zhun boh

And...CCB....
Anyone tried the LTA website COE bidding page?>...
***** hel.ll...
The IMAGE VERIFICATION thingy is near impossible to get right..
Even though I've been typing exactly like the picture show(case sensitive).. it does not get me in.. and it loops and the same page ... CCB..


tHINK I put in $20k bid will win or not?

 

[arctician]

How to bid? I no car but wan bid can?

 

[Dr.Quattro]

INSIDER NEWS? Zhun boh

Jwee85 worh, friendship price for him I guess!

 

[eurofunk]

It will roughly stabalise at 30-50k one la gov won't so silly give up their free income

 

[kensalt]

How to bid? I no car but wan bid can?

can...

got atm, got phone banking, got internet banking can liao

 

[jefefe]

i thought after July LTA will reduce the COE quota to May's level?

 

[dustyRoom]

Car sales low but need to clear backlog leh

 

[kensalt]

i thought after July LTA will reduce the COE quota to May's level?

ya........

so best hope is this month and 1st bidding of july

2nd bidding... i think more will chiong in before the reduction.

 

[shashimi]

later last 1min all car dealer add afew hundred to the bid quota

 

[arctician]

can...

got atm, got phone banking, got internet banking can liao

Can share website link or how to bid? I wan buy car but v ex lei..2nd hand oso ex

this own bidding like toto siah

 

[dustyRoom]

i thought after July LTA will reduce the COE quota to May's level?

I thought will gradually increase till 2015? How come reduce?

 

[SpinFire]

Was looking on SGCarmart for a Toyota Altis. June 2009 (5 years old) Altis still selling for $65k, about $11k/year depreciation per year. Think brand new is about $110k now, about $10k/year depreciation. Might as well get a brand new car.

If those 2nd hand dealers still don't cut price, the value of the car will just keep depreciating with time.

 

[shashimi]

Was looking on SGCarmart for a Toyota Altis. June 2009 (5 years old) Altis still selling for $65k, about $11k/year depreciation per year. Think brand new is about $110k now, about $10k/year depreciation. Might as well get a brand new car.

If those 2nd hand dealers still don't cut price, the value of the car will just keep depreciating with time.

think hard for them to cut price cos they buy high of course wan to at least cover cost

 

[jumpmanz]

today got bidding?

 

[SpinFire]

think hard for them to cut price cos they buy high of course wan to at least cover cost

Yah, if they don't cut prices to push sales, the car will continue to drop in value...

 

[matrix05]

Was looking on SGCarmart for a Toyota Altis. June 2009 (5 years old) Altis still selling for $65k, about $11k/year depreciation per year. Think brand new is about $110k now, about $10k/year depreciation. Might as well get a brand new car.

If those 2nd hand dealers still don't cut price, the value of the car will just keep depreciating with time.

Good point. ALtis 2012 (~2 yr) $110K vs Altis 2014 (new) $110K. Hard to sell.

 

[arctician]

does that mean now shouldnt buy 2nd hand?

 

[Владимир]

Good point. ALtis 2012 (~2 yr) $110K vs Altis 2014 (new) $110K. Hard to sell.

Orbi gut for 2nd hand car dealer lor.