The reason why COE is so high

[jgrader]

I m a Andy Lau n made 20k a month but cannot afford my sakti black vios cos too high what's wrong

 

[Lifeinmotion]

And why should they drive PHV when they are newly trained grads in their fields??

Can try to make some sense?

Ignore me. I was been sacarstic.

 

[alpha29]

Population keep increasing = demand increase. Not to mention PHV company and PHV rental..

Of cos COE price cannot drop.

 

[Mecisteus]

I heard from a contractor now he paid $150 a day for each Blangadash FW. raw material price has gone up 30%. China FW he said need to pay $300 a day.

We want our salaries to go up.

FW salaries also must go up.

Real reason why COE is high because supply is limited. And there are quite a high demand for the COE.

 

[ShinnAsuka]

Is because people can afford it. By taking loans.

This is a typical ad.

$1700 x 12 months x 10 years = $204k.

As long as he can pay $1700 a month, he can drive a $200k car.

So if he / he & spouse take home >$7k celery, buyed a car is no problem.

Why?

Because economics.

 

[BamBam]

All these been around and reported... MAS not doing anything nor lta stopping commercial company like phv company from bidding the same cat... thus coe price will not come down

 

[jumpthepig]

Is because people can afford it. By taking loans.

This is a typical ad.

$1700 x 12 months x 10 years = $204k.

As long as he can pay $1700 a month, he can drive a $200k car.

So if he / he & spouse take home >$7k celery, buyed a car is no problem.

“The reason why COE is so high”????

Because people always need some reasons to migrate/not to convert….high car price = their “food for thought”

 

[virtualape]

Sunk cost lor

Assuming 20k/year depreciation, owning a car continuously over 30 years is 600k gone

and given sg's stability and appreciation in property, i rather slowly finance over 30 yrs a property thats $x + 600k at the time of purchase.

it really doesnt make sense now to own a car yet people are still buying. im glad some of us enjoyed the lower coe days.

 

[virtualape]

But car gets u gers. Imagine drive potential date to supper then to secluded spot, cfm easy get gf and a hot one too

find a down to earth girl who will take bmw with you. settle down, then set aside some funds for a small car.

but if you insist to get a car earlier, dont end up like meatbao at jurong bird park carpark...

 

[niefeng80]

I heard from a contractor now he paid $150 a day for each Blangadash FW. raw material price has gone up 30%. China FW he said need to pay $300 a day.

this one is cfm.

China FW tiler is $300 to $350 per day.

Population increase while vehicle growth kept at zero, cfm price will increase. Supply is less than demand.

It is a matter of time COE hits $150k at a stable range. Any small car is easily $200k as a norm. Now still can get $160k+

 

[the_dog]

easy credit makes people think they are financially cushioned

 

[Ironside]

this one is cfm.

China FW tiler is $300 to $350 per day.

Population increase while vehicle growth kept at zero, cfm price will increase. Supply is less than demand.

It is a matter of time COE hits $150k at a stable range. Any small car is easily $200k as a norm. Now still can get $160k+

you are insider. exactly, that day I talking to local tilers.

 

[HMAN]

COE is tied to stock market performance. Not SGX but the USA/HK market.

Market crashed, you see COE coming down..

 

[zetraw]

The govt come up with debt ratio and other things to prevent overspending. Yet the industry come up with workaround to circumvent the objective.

If there is a will to stop these, car sellers must be suspended from selling and repeat offenders will get all assets confiscated.

If penalties are too tough, then dont break the law.

Best is offer FREE public transport and let those working in government think of ways to get other revenue.

 

[Bad kids]

Means you no car, sorry

Fresh grads earn about $4k+ a month. Singapore produces 20,000 fresh grads a year.

They each merry a fellow fresh grad, immediate can chut a $200k car

Can lah... aim for a fresh grad intern to a VP within 3 years can leow...

 

[Bad kids]

Some ADs do offer in house loans which bypasses MAS motor financing regulations.

E g Buying car from Cycle and Carriage , one can also choose to get "full loan" financed by I think Mercedes Benz Sg ( the principal / subsidiary prev known as Daimler ) but they still tend to offer bank loans because of ( I suspect ) commissions. Eurokars have in house loans too.

ehh... i dunno like C&C... I walked into their showroom... they start to profile me... and I dunno need to loan from them anyway...

 

[tomsss]

The govt come up with debt ratio and other things to prevent overspending. Yet the industry come up with workaround to circumvent the objective.

If there is a will to stop these, car sellers must be suspended from selling and repeat offenders will get all assets confiscated.

If penalties are too tough, then dont break the law.

Best is offer FREE public transport and let those working in government think of ways to get other revenue.

that debt ratio thing is targeted at low income group. how can they curb the spending of the masses when this country is dependent on ppl's spending to thrive lol

 

[blueweed]

its high because its in the hands of dealers to gov.

once you partition it back to individuals the price will drop.

if you can file yr taxes, ballot for primary school. you can, bid for your own coe

 

[JAson1980]

I heard from a contractor now he paid $150 a day for each Blangadash FW. raw material price has gone up 30%. China FW he said need to pay $300 a day.

50% goes back to contractor straight into his pocket right?

 

[sAVaGEmP5]

Car for lazy and rich.

Poor n hardworking ones will use legs