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Full Version: COE supply to raise after 7-yr slide -ST 8.4.14
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COE supply to raise after 7-yr slide

According to estimates based on the number of cars scrapped in the first 2 months if the year, the number of COEs available in the May-July should be around 2,240 a month - or 25% more than current quota.

Heart Love Compassion


A Life not Reflected is a Life not Worth Living.
More pm 2.5 soon. Not very healthy. But good for vicom
Will all those car owners scrapping their cars be able to finance their new cars at 50% downpayment?
the other way is to buy a 2nd hand car which is cheaper than a new car? but the 50%/60% downpayment is still there...
(08-04-2014, 08:04 AM)chialc88 Wrote: [ -> ]COE supply to raise after 7-yr slide

According to estimates based on the number of cars scrapped in the first 2 months if the year, the number of COEs available in the May-July should be around 2,240 a month - or 25% more than current quota.

Heart Love Compassion


A Life not Reflected is a Life not Worth Living.

2015 will be the year of Ge if everything goes according to plan, lah.
Of course there are more goodies to come.
(08-04-2014, 09:17 AM)Temperament Wrote: [ -> ]2015 will be the year of Ge if everything goes according to plan, lah.
Of course there are more goodies to come.

I thought that car is something Singaporean is looking forward to?

Anyway, if you do not have a need to own a car, please don't and gives others who have a need to buy one.

Just a recap of financing rules:
1. If the car OMV is < $20,000, then you can only loan up to 60%
2. If > $20K, then loan up to 50%
3. max. 5 years

here is a survey of cheapest car registered in Feb 2014 (COE 1st bid):
[Image: New%20Car%20Price%20based%20on%20feb%202...%20bid.JPG]
(source: onemotoring website)
I think new cars are out of reach for the average folks. Only the top echelons (people w super-scale pay) and company-sponsored FTs could afford. Even with income of $4-6K will likely turn to second hand market. But buying a second hand car is tricky, many come with hidden problem or damages that are well covered-up by the car agents. So do think carefully before spending the hard-earn shrinking money.
Thank you for your contribution to nation building! COE! Big Grin

Unless township decentralises, MRT/buses improves, and taxis become more available, else CARs demand will continue to be high...
Supply of COE will definitely increase over the next 3 years. 23,309 cars will have to extend COE or be scrapped this year. And 84,212, 114,665 and 105,403 cars in 2015, 2016, 2017.

I think we can see COE going down to a more reasonable amount in the coming years, and by a bigger quantum if a recession occurs.

http://www.lta.gov.sg/content/dam/ltaweb...by_age.pdf
My Vios is going to be 10 years in AUG 2015. Can i extend my COE for another 5 years? Or compulsory to extend to 10 years? Is it worth to extend at all? Or just sell for people to extend the COE? How to do the maths? Help!

Buying a new car is definitely beyond my understanding-Mind Boggling lah!
Buying a 2nd-hand car might as well keep my own car by extending the COE; as advised by my motor mechanic.
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