What's with COEs nowadays?

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What's with COEs nowadays?

Postby pirate » Thu Jan 10, 2013 8:59 am

Cat A COE has hit $92,100. Cat B is $96,210 and Open is $96,101.

What's the matter with COEs nowadays? No, I don't mean why has Cat A COE reached $91,000. My question is why is Cat B and Open Category COE so cheap compared to Cat A COEs?

If I have to pay $92,100 for the COE of an entry level BMW, I might just as well plonk down $50,000 more for a 5 series. Seriously, those entry level Beamers and Mercs are tiny and hardly a status symbol. Not to mention I know several multi-millionaires who have no qualms buying second hand.

Something strange is going on... Who are the ones who die die must buy a brand new Cat A car?

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Re: What's with COEs nowadays?

Postby janet88 » Thu Jan 10, 2013 9:19 am

pirate wrote:Cat A COE has hit $92,100. Cat B is $96,210 and Open is $96,101.

What's the matter with COEs nowadays? No, I don't mean why has Cat A COE reached $91,000. My question is why is Cat B and Open Category COE so cheap compared to Cat A COEs?

Something strange is going on... Who are the ones who die die must buy a brand new Cat A car?


:siao: COE for small car has reached this kind of peak...cannot understand either.
COE for cars under Cat B is $4K more...is govt telling us to buy BIG cars so as to tax more and pay more petrol ?

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Re: What's with COEs nowadays?

Postby atrecord » Thu Jan 10, 2013 9:24 am

Apart from BMW, there are a number of continental brands that have come out with new (decent-sized) models with engines smaller than 1.6l, so these cars fall under Cat A. The initial strategy was to capitalise on the significant difference between Cat A and B COE premiums, so they can price their cars cheaper and hence attract more customers. But now that the difference is not very significant, there might not be much motivation for these dealers to push their <1.6l cars, once their stock runs out.

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Re: What's with COEs nowadays?

Postby Irrelevant » Thu Jan 10, 2013 11:56 am

You mean that you have missed all the advertisements showing the New, Golf MK7? You can even get a 15k CEVS rebate. :laugh:

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Re: What's with COEs nowadays?

Postby janet88 » Thu Jan 10, 2013 1:07 pm

Irrelevant wrote:You mean that you have missed all the advertisements showing the New, Golf MK7? You can even get a 15k CEVS rebate. :laugh:

Yes, big cars seem to be more worthwhile buying with such COE prices...but maintenance costs for big cars are much much higher. That 1 liter of petrol doesn't last you very long compared to 1500cc car.

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Re: What's with COEs nowadays?

Postby AC_Power » Thu Jan 10, 2013 4:51 pm

What's wrong with car buyers nowadays? Still buying at this kind of price?

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Re: What's with COEs nowadays?

Postby Augmum » Thu Jan 10, 2013 11:35 pm

One word...."CRAZY"
$90+ K juz for the COE alone....

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Re: What's with COEs nowadays?

Postby Augmum » Thu Jan 10, 2013 11:40 pm

lesser paper, higher $$$$$

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Re: What's with COEs nowadays?

Postby NY1969 » Thu Jan 10, 2013 11:52 pm

Today minister LTY says Coe growth cut for this year will be as per plan. So I expect next round of bidding will shoot pass $100k for a piece of certificate. What will you say?

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Re: What's with COEs nowadays?

Postby janet88 » Fri Jan 11, 2013 6:55 am

Augmum wrote:One word...."CRAZY"
$90+ K juz for the COE alone....


LTY said car population has to be controlled...encouraging public transport.
But then, MRT lines keep breaking down...how reliable can that be ???
Taking taxis also not cheap.
If govt wants us to use public transport, make taxis as easily available like in HKG...remove all those charges.

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