Private-hire and company vehicles formed 37 per cent of car registrations

[gld998]

View attachment 53533

In sg .. Indian can transform to malay one.. so this quote doesn't apply to SG

 

[Quala98]

so many PHV but all choose fares..

- distance too far, dun want
- fare too low, dun want
- distance too far and fare too low, dun want

i go countries with Uber and neighbouring countries with Grab, they car comes in minutes..

 

[ricohflex]

Because they have so much capital, car leasing firms can buy cars much cheaper than the retail street price.
They buy in bulk.
Car manufacturers/importers are happy to sell and reduce inventory without affecting the retail street price.

If car leasing firms do not sell and lease car to a corporate customer, they earn back cost of the car over longer term.
At end of contract, corporate customer can opt to buy the car at discounted price.
The car leasing firm earns big bucks again.

If car leasing firm sell the new car very fast, they earn on the big discount they get vs they price they sell to retail customers.

The car leasing firm cannot lose.
They forever earn big money.
This is the loophole.

For the longest time, everyone was happy - because car leasing firms help to artificially push up the COE.
Until $120,000.
CHT says, he is happy, he collects money.

If this scam is not stopped, car leasing firms will help push COE up to $200,000 by 2030.

 

[crunsik]

And yet the transport ministers said there's no evidence high COE prices were caused by PHV and their financing loopholes?

https://www.businesstimes.com.sg/li...ivate-hire-fleet-expansion-driving-coe-demand

Hmm who no honest

 

[weng0202]

Why not just do a survey.

Find 3 to 5 different spots and count the 10 cars that drive pass u, count how many are PHV or taxi.
Get the average number to know how many are there.

That will only tell you how many on the roads but not the total number. PHV will be more commonly spotted because they are "always" on the roads while private car owners only drive at certain hours.

 

[BohemianSG]

This whole fiasco is a huge mismanagement on the part on their part.... hope toa payoh bishan wake up.

 

[Wu-Han Clan]

lmaoo...siao mans.... 37% is many leh........ you apply the same formula to the current bidding..

1034 quota... bids received 1381... i think you can understand why it can never go back down to $40k.........

 

[raintr33]

I don't understand how does the new ruling discourage rental firms from bidding for more coe?
So the rental firms provides individuals with 100% loan by selling the cars as PHV. Wouldn't the individual need to keep the car as PHV while the loan is not paid off, or why would the individual want to change from PHV to private car?


Read HWZ Forum Rules!

 

[nachtsid.er]

Ah Tart needs to pofma biz times

 

[StoicGuy]

Everybody also knows these ppl are cornering the price of Coe.

As.long as it remains high then their rental car will remain as high value asset.