Raising COE [Was : COE above $80,0000]

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Raising COE [Was : COE above $80,0000]

Postby CRAZYBANANA » Wed Mar 21, 2012 5:58 pm

Do you agree that the issue of high CoE lies with the the car dealers biding the CoE on car buyers behalf? All cost is passed on to buyer ultimately. Without the CoE, they can't sell any car! So, their interest is to get the CoE at any price!

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Re: COE above $80,0000

Postby atomlearninghub » Wed Mar 21, 2012 9:06 pm

But however, before the bid of the COE, purchase of the car (price) had already been confirmed and settled between dealers and buyer. Thus i believed dealers will still try to keep the price at considerable range.

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Re: COE above $80,0000

Postby CRAZYBANANA » Wed Mar 21, 2012 10:53 pm

:? If buyers are to bid for their own COE, would they have bidded at $80k to buy a car! so desperate!

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Re: COE above $80,0000

Postby daddy2007 » Thu Mar 22, 2012 12:50 am

High COE means lesser cars on the road and thus less congestion & pollution :lol:

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Re: COE above $80,0000

Postby krazy » Thu Mar 22, 2012 8:28 am

But the public transport system cannot support it's masses. :( the millions they are going to pump in, ... in preparation for more people to come... .

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Re: COE above $80,0000

Postby concern2 » Thu Mar 22, 2012 9:48 am

:yikes: This is madness. If one's car is now coming to 10 years, one still need to come up with another S$80k just to buy that piece of paper. It's a ridiculous system. This amount is pertaining to what cc vehicles har? :? If it is a way of discouraging bigger cars, then perhaps there is some kind of rationale behind this. :shrug:

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Re: COE above $80,0000

Postby AC_Power » Thu Mar 22, 2012 10:26 am

Purely on demand and supply.

Those who are paying for high COE now is actually topping up the short fall in revenue collection in those bids when we have sub S$10k COE during the over supply period.

The COE is not coming down any time soon IMHO.

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Re: COE above $80,0000

Postby concern2 » Thu Mar 22, 2012 10:47 am

AC_Power wrote:
Those who are paying for high COE now is actually topping up the short fall in revenue collection in those bids when we have sub S$10k COE during the over supply period.



Sorry, I don't really understand what tis means...if you could be so kind to elaborate...

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Re: COE above $80,0000

Postby Canvas » Thu Mar 22, 2012 2:53 pm

If the public transport system is reliable still ok but look at all the problems lately. Singapore is overly populated. Even my DS got worried and asked if Singapore would sink one day.

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Re: COE above $80,0000

Postby lim72 » Thu Mar 22, 2012 3:03 pm

But the buyers must also willing to pay. On our small island, is car a necessity or luxury? Not too long ago, this S$80k can get you a new 1.6l car with some leftover if you choose a korean brand. Consumers are forgetful...

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