Car 01 (May 08 - Dec 12)

[iam802]

People can wait even if they want to buy a new car.

If you have a car, you can wait for the right time to buy one unless the COE on it is expiring soon.

If you dont have a car, you can also wait for the right time to buy one.

So why must you pay a high price for the COE ?

For the recent surge, it has affected those who have placed the order a couple of months back (eg. during CNY promotion etc).

That was before COE rises.

If my understanding is correct, you can wriggle your way out, by forgoing your downpayment only if your car loan has not been signed.

And that is what leads to the desperate situation for COE when the price spike up.

Car is ready for delivery, car loan is signed but there is no COE.

[kennynah]

Car is ready for delivery, car loan is signed but there is no COE.

so if dont pay for the COE, then the bank will charge interests anyways?

[iam802]

Car is ready for delivery, car loan is signed but there is no COE.

so if dont pay for the COE, then the bank will charge interests anyways?

Good question. I don't know the answer.

Most pple buy car...get a package deal (price of car + car loan + coe - any trade-in)

So, when does the car loan starts charging? Can they charge if COE have not been obtain yet? Possible, I think.

[millionairemind]

COEs dip across the board
By Christopher Tan

CERTIFICATES of entitlement prices fell across the board again as car buyers stayed away from showrooms, unmoved by price reductions after the previous tender two weeks ago.

COE for cars up to 1,600cc ended at $26,102 at the latest tender on May 5, down from $30,000 a fortnight ago. Premium for cars above 1,600cc closed at $38,000, down from $40,001.

The Open COE, which can be used for any vehicle type but ends up mainly for cars, finished at $39,002, down from $43,003.

Commercial vehicle COE closed at $32,501, down from $35,556. Motorbike premium dipped from $1,253 to $1,252.

Wednesday's decline was the second consecutive fall since premiums peaked a month ago, when a sharp cut in COE supply triggered frenzied bidding.

Premiums are now back to about where they were in March, but are still among the highest in recent memory. Motor traders reckon buyers may start streaming back after vehicle prices are cut once more later on Wednesday.

[winston]

Just received this. I have not tried it before ...


SAFE-DRIVING TIPS WHEN IT IS RAINING!

GOOD VISION IN A DOWNPOUR

How to achieve good vision while driving during a heavy downpour.

We are not sure why it is so effective; just try this method when it rains heavily.

This method was told by a Police friend who had experienced and confirmed it. It is useful...even driving at night.

Most of the motorists would turn on HIGH or FASTEST SPEED of the wipers during heavy downpour, yet the visibility in front of the windshield is still bad......

In the event you face such a situation, just put on your SUN GLASSES (any model will do), and miracle!

All of a sudden, your visibility in front of your windshield is perfectly clear, as if there is no rain.

Make sure you always have a pair of SUN GLASSES in your car.

Amazing, you still see the drops on the windshield, but not the sheet of rain falling.?
You can see where the rain bounces off the road. It works to eliminate the "blindness" from passing cars. Or the "kickup" if you are following a car in the rain.

[kennynah]

Now, time to market "rainglasses"

[iam802]

Remember how some time back...some meeneesters said COE did not goes up because of gahmen intervention but because of demand?

-------
Car salesmen: It's impossible to survive

http://www.asiaone.com/Motoring/News/St ... 17713.html

ON GOOD months last year, Mr Rahmat Mohamad Isa could sell up to 10 new cars a month.

With an average $500 in commission for each car sold, the sales manager could take home just under $6,000, basic pay included.

But today, those good old days are over, said the veteran car dealer.

He said this is the worst slump he has seen in his 16 years in the car industry.

Mr Rahmat, 60, managed to sell only two cars last month. He said the situation has been dismal for the past few months, but could not provide exact sales figures.

He took home only about $1,500 last month. On average, he earns $3,000 a month.

He expects this month to be even worse - he has not sold any car yet.

He lamented: "Our basic pay is only about $500 and if we don't sell any cars, it's almost impossible to survive.

.....

Note:
So, what else have change?
- Surprisingly, if we based on the meeneester's comments about high demand... why is the car loan interest rates lower now?

[millionairemind]

This is probably the most disturbing video I have seen to get drivers to slow down and drive carefully.

http://www.youtube.com/watch?v=rBscYzKOYXw

[millionairemind]

Jul 7, 2010
COEs fall across the board
By Maria Almenoar

CERTIFICATE of Entitlement (COE) prices ended lower across the board at the close of the latest tender on Wednesday.

Premiums fell for all but the Open category.

The biggest drop came from large cars, those above 1,600cc, which fell 10 per cent to end at $35,909, down from $39,911.

COEs for cars up to 1,600cc ended at $29,501, 6.4 per cent lower than the last bidding. Motorcycle premiums also dropped 9.2 per cent to close at $1,320, down from $1,454.

COEs for goods vehicles went down marginally by 0.9 per cent to end at $31, 389. Only the Open category saw a marginal increase in premiums, moving up $4 to $41,010.

Dealers say market sentiments are still weak with buyers hesitant to replace their car due to high COE prices. But they expect prices to jump again when quota cuts are likely to happen in August.

[millionairemind]

Jul 12, 2010
COE supply cut again
By Christopher Tan


AS WIDELY anticipated, Certificates of Entitlement (COE) supply will shrink further in the coming months, but any rise in premiums is expected to be moderate.

The Land Transport Authority has announced that there will be 3,844 COEs per month from August 2010 to January 2011.

As recently as 2008, the quota for just one category (cars up to 1,600cc) was bigger - at around 4,070 pieces.

The latest reduction follows a downward trend started last year, when the annual cap on vehicle growth rate was halved to 1.5 per cent. More significantly, the number of vehicles taken off the road - the main determinant of COE supply - had slowed down drastically.

Buyers and sellers of cars up to 1,600cc - who form the vast majority in the vehicle market - will bear the brunt of the latest cut. The number of certificates available to them will contract by 14.3 per cent to 1,195 pieces per month, or 70 per cent fewer than in 2008.

Taxi operators share the same COE pool. The supply of COEs in the other categories will contract from next month too. The exception was commercial vehicle COE, the supply of which will go up by 13.9 per cent.