COE Predictions

bencheongcm

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Most popular brand like Honda, Toyota, etc. If you book now. Delivery date is already after Feb next year.

Economic out look is not great. This may be also a reason for low COE.
Watch COE better then looking at country's GDP to know is SG doing well or not :s22:
 

sp0inK

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Will I lose out much if I renew 8 months before expiry?

I would tag the forfeited coe to current coe price eg if pqp is 30k and you renew now, you "lose" $250 per month.

As long as pqp goes down don't renew yet. Eg now pqp drop from 29k last month to 27k, you can still see dec bidding and monitor. Should it increase then you calculate when is worth renewing
 

melankholy

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I would tag the forfeited coe to current coe price eg if pqp is 30k and you renew now, you "lose" $250 per month.

As long as pqp goes down don't renew yet. Eg now pqp drop from 29k last month to 27k, you can still see dec bidding and monitor. Should it increase then you calculate when is worth renewing

So the difference in the PQP divided by months left should give me an estimate on how much "loss" I will take can I say? It would make sense to renew early if I gauge pqp to be about 35k at the end of 8 months I suppose
 

sp0inK

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So the difference in the PQP divided by months left should give me an estimate on how much "loss" I will take can I say? It would make sense to renew early if I gauge pqp to be about 35k at the end of 8 months I suppose

As long as PQP doesn't increase month to month, not renewing is the right thing to do. Monitor every month's bidding closely

During the last week of each month you have the option of choosing current months pqp rate or next month's pqp rate
 

HondaJG

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As long as PQP doesn't increase month to month, not renewing is the right thing to do. Monitor every month's bidding closely

During the last week of each month you have the option of choosing current months pqp rate or next month's pqp rate
now I get it.. is a very interesting topic for renew COE :D
 

sp0inK

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now I get it.. is a very interesting topic for renew COE :D


yes if you're dead set on a coe renewal, the bi-monthly bidding is very interesting to monitor since it directly affects how much you eventually have to pay
 

liquidh

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How easy is it to renew? Please enlighten?

yes if you're dead set on a coe renewal, the bi-monthly bidding is very interesting to monitor since it directly affects how much you eventually have to pay
 

sp0inK

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How easy is it to renew? Please enlighten?


what do you mean? can renew online quite easily nowadays and pay via d2pay on lta website.


note that renewal of coe = you forfeit your remaining coe, no rebate given. otherwise people who paid much higher coe will just renew and get money back.

mainly for people who intend to keep their vehicle beyond 10 years.
 
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liquidh

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So it can be done within a day?

Have to pay the whole PQP amount immediately or you’ll be sent a bill?
 

sp0inK

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So it can be done within a day?

Have to pay the whole PQP amount immediately or you’ll be sent a bill?


actually i haven't renewed coe online before, but from my understanding it should be relatively simple as long as your d2pay is activated. the limit is 100k and you pay directly from your bank acc. think maybe 1-2 days of processing for the funds to be transferred, believe there should be a debit advice sent to you via mail or email thereafter.



if nothing goes wrong should be able to be done entirely at home.
 
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