COE Predictions

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cscs3

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SBC said:
Will crash in coming round?
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Crash probably not, economic Outlook is not good, car price, house price all will be impacted. More peoples is working from home now, this is not a good trend. Once you can work from home, this means your job can be handle anywhere outside office, and hence it is not necessary be in Singapore.
 
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kw07

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Does that mean it will crash?
cscs3 said:
Crash probably not, economic Outlook is not good, car price, house price all will be impacted. More peoples is working from home now, this is not a good trend. Once you can work from home, this means your job can be handle anywhere outside office, and hence it is not necessary be in Singapore.
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myviowner

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zerozerozerozero said:
Do you guys expect car prices to drop?

Thinking of getting a new car but due to current situation not sure if the prices will drop
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If you are driving one now, look at the coe of your current ride. If is not too far away from what is current hovering at around 30k, can consider, if your coe like 50+k , during 2014-2016, then on paper you gonna lost alot.

If you are fresh and looking for first ride, yes is a buyer market now. Personally, if you gonna take up loan and repayments comes from your mthly pay checks, i suggest hold it there and secure your rice bowl first. Unless you are in essential industry right now and or in civil service sector. :)
 
kebinu

kebinu

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myviowner said:
If you are driving one now, look at the coe of your current ride. If is not too far away from what is current hovering at around 30k, can consider, if your coe like 50+k , during 2014-2016, then on paper you gonna lost alot.

If you are fresh and looking for first ride, yes is a buyer market now. Personally, if you gonna take up loan and repayments comes from your mthly pay checks, i suggest hold it there and secure your rice bowl first. Unless you are in essential industry right now and or in civil service sector. :)
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Lose a lot on paper, but gain a lot on lower depreciation for new cars.

I did it once last year where I just top up the "lease" of 3 years and that's it.
 
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winningeleven

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pryder said:
hopefully below 20K, cos my coe rebate at 22K, pray hard
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TBH. The rebate is low. I believe the price of your car is based on 30k coe unless u go for non guaranteed where the dealer just bid no more than 22k for u.

If u bought guaranteed coe. U should pray that the coming coe maintain at 30k so that u won't suffer paper lose.
 
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pryder

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winningeleven said:
TBH. The rebate is low. I believe the price of your car is based on 30k coe unless u go for non guaranteed where the dealer just bid no more than 22k for u.

If u bought guaranteed coe. U should pray that the coming coe maintain at 30k so that u won't suffer paper lose.
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6 bid non guarantee, 1st bid got it liao
Dunnoe how much they based on
 
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zerozerozerozero

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Currently car is 5 years old and coke was 60k :crazy:

myviowner said:
If you are driving one now, look at the coe of your current ride. If is not too far away from what is current hovering at around 30k, can consider, if your coe like 50+k , during 2014-2016, then on paper you gonna lost alot.

If you are fresh and looking for first ride, yes is a buyer market now. Personally, if you gonna take up loan and repayments comes from your mthly pay checks, i suggest hold it there and secure your rice bowl first. Unless you are in essential industry right now and or in civil service sector. :)
Click to expand...
 
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myviowner

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zerozerozerozero said:
Currently car is 5 years old and coke was 60k :crazy:
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zerozerozerozero said:
What you mean by that?
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That is what we are trying to tell you this. Your coe back then was 60k, now is hovering at 33k. In paper, you have loss 27k oredi.

Therefore, you either drive to the end and get parf plus body value or scrap it and take back parf, the unused coe value at estimate of 30k + $xx value for car body.
 
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