How low will COE drop?
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Hi, just to get a feel of the general opinion. I think the next psychological level is $10K. Depending on the release of COE next year, I think $8k may be possible if again, there are extra COE releases. Otherwise, $10K may be the lowest?
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dont be greedy. 10k is already very low. the only thing now for coe is that they will go north, and not south.Originally posted by kmkm:Hi, just to get a feel of the general opinion. I think the next psychological level is $10K. Depending on the release of COE next year, I think $8k may be possible if again, there are extra COE releases. Otherwise, $10K may be the lowest? -
I thought so too when COE went below 20k a year back, but it continued south. So now that more COEs have been released, won't it not be possible for it to drop further?
I agree that 10k is already very low, but for Cat A, 10k can still make up to 25% of a car's price, so price sensitive buyers for this Cat will still like to see it go further down right? But for Cat B then maybe the story can be different. -
Heard that the showrooms were all jam-pack over the weekend. Sub-10k COE would be at least some months away.
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As long as COE still cost some $$, there is a chance for it to go lower. Lets see when LTA release another 12000 COE in March 06, what will happen to the COE.Originally posted by boi86:dont be greedy. 10k is already very low. the only thing now for coe is that they will go north, and not south.
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I think $10000 should be the low end. can not be too low, the market will got problem then.
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$10
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The lowest it ever get is $50
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i thought it was 50 cents or 5 dollars?Originally posted by SnowFlag:The lowest it ever get is $50 -
$50 larOriginally posted by hisoka:i thought it was 50 cents or 5 dollars?
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also rem something like that but might be for other class of vehicles i thinkOriginally posted by hisoka:i thought it was 50 cents or 5 dollars? -
March 06 COE will drop again meh ?? why arOriginally posted by coolblue6699:As long as COE still cost some $$, there is a chance for it to go lower. Lets see when LTA release another 12000 COE in March 06, what will happen to the COE. 
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Still many cars under old PARF system (before the current 110% ARF) so I think owners will continue to deregister their cars to take advantage of low car prices, then LTA will release more COEs to replace the deregistered vehicles, this will gradually level out when those who change cars these 2-3 years find it hard to change again in the next 2-3yrs, and then new car buyers bopian must fight with each other for limited COEs. So I think the low COE will still persist for at least 2 years, which means reaching sub 10K is very possible... unless garment change rules again...
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aiyah, u see S'porean all so kiasu, price drop $2-3k then suddenly everyone swarm to buy car liao... can drop further one, but problem is ppl scared they will miss out, so every man for himself...
$50k car ppl can't afford but $47k suddenly mad rush and buy car for self, 1 for son and 1 for daughter...wahahah...
S'poreans all very rich, just waiting for good bargain only. Now's a good time to get a job as SE in car agent. -
i tink will drop till 8-9k is not really possible to drop below 5k la i tink.. cos if less than 5k the LTA is not making much $$
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Think must blame the newspaper lar, saying what car price lowest in dont know past how many years....blar blar blar..........Originally posted by guitarman1:aiyah, u see S'porean all so kiasu, price drop $2-3k then suddenly everyone swarm to buy car liao... can drop further one, but problem is ppl scared they will miss out, so every man for himself...
$50k car ppl can't afford but $47k suddenly mad rush and buy car for self, 1 for son and 1 for daughter...wahahah...
S'poreans all very rich, just waiting for good bargain only. Now's a good time to get a job as SE in car agent.
But is this price a good bargain?? only god knows. when this group buyer over, extra COE release hehehehehe....................... think 6K-8K COE possible, but then my car resale value.......................
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somehow i think it will hit under 10k by 2006.
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wads the pt of having so low COES when the prices of petrol is so ex....
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LTA can easily earn the 5K back with ERP charges alone over 10yrs.Originally posted by heluim:i tink will drop till 8-9k is not really possible to drop below 5k la i tink.. cos if less than 5k the LTA is not making much $$ -
will it contiune dropping or what??
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u are right. If every month spend $200 more, then 10yrs easily $24K more. So current low COE not really "low", since adding the 20K+ is still back to the 30K+ range. So maybe if petrol continue to go up, COE may continue to go down...Originally posted by AE86tofu:wads the pt of having so low COES when the prices of petrol is so ex....
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I think COE prices will be back. Only recently because car price drop, then people start so scrap their cars (LOL), but I think this is the lowest it can go.. From next month on, it may increase back up to the 15k for A.