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How much are you earning per annum?

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  #6781 (permalink)  
Old 19-02-2015, 02:13 PM
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Gong Xi Fa Cai
All car prices dropping up to 20k from last month. lelong lelong, massive COEs supplies coming, car dealers ready to cut car prices
Jetta $108,300
Altis $99,988 Camry $134,988 Wish $123,988
For those who can wait til Jul 2015, Altis will drop to 80+ k according to many industry insiders


My car dealer friend says those bought new cars in Dec 2014 and Jan 2015 now suffering steepest depreciation. Heng Ah!


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Originally Posted by Unregistered View Post
I can only afford a Japanese car. Went to visit Borneo yesterday, Altis going for $99,999 with COE in mid $50k's.. thats in the good direction. I will wait for COE to drop to $30k. Which means I can buy a new Altis for around $70k! It's a massive savings compared to my friend who bought at $120k. Look forward to middle of the year when this happens!

Happy CNY to all bros and keep cool. Don't lose temper with the sliding COE premiums.

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  #6782 (permalink)  
Old 19-02-2015, 02:18 PM
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Quote:
Originally Posted by Unregistered View Post
Gong Xi Fa Cai
All car prices dropping up to 20k from last month. lelong lelong, massive COEs supplies coming, car dealers ready to cut car prices
Jetta $108,300
Altis $99,988 Camry $134,988 Wish $123,988
For those who can wait til Jul 2015, Altis will drop to 80+ k according to many industry insiders


My car dealer friend says those bought new cars in Dec 2014 and Jan 2015 now suffering steepest depreciation. Heng Ah!
Huat ah! Uniquely Singapore!

Can lost a value of an entire car if compare to a car price elsewhere!

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  #6783 (permalink)  
Old 19-02-2015, 02:29 PM
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I'm hoping for COE to crash to $10k so that I can buy a brand new 2nd car, for my son to use to go to the Uni. So he doesn't need to spend too much time commuting and can devote more time to his studies. Hope to buy the new car at $60k.

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  #6784 (permalink)  
Old 19-02-2015, 02:59 PM
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I'm hoping for COE to crash to $10k so that I can buy a brand new 2nd car, for my son to use to go to the Uni. So he doesn't need to spend too much time commuting and can devote more time to his studies. Hope to buy the new car at $60k.
I think you can wait for it to crash to $5k. Don't say I never tell you. Later you buy $10k, then lose $5k immediately after the tsunami of quota is released
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  #6785 (permalink)  
Old 19-02-2015, 03:24 PM
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Quote:
Originally Posted by Unregistered View Post
I'm hoping for COE to crash to $10k so that I can buy a brand new 2nd car, for my son to use to go to the Uni. So he doesn't need to spend too much time commuting and can devote more time to his studies. Hope to buy the new car at $60k.
Bro don't be so greedy la
I only waiting for $30k COE and I am satisfied Liao
Imagine I had saved $60k from those who bid at peak of $90k
Heng ah!
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  #6786 (permalink)  
Old 19-02-2015, 03:51 PM
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Quote:
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Bro don't be so greedy la
I only waiting for $30k COE and I am satisfied Liao
Imagine I had saved $60k from those who bid at peak of $90k
Heng ah!
If COE fall to $30k, what good new car models can I consider that cost $60k? Any suggestions? He likes sporty design cars.
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  #6787 (permalink)  
Old 19-02-2015, 04:48 PM
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If COE fall to $30k, what good new car models can I consider that cost $60k? Any suggestions? He likes sporty design cars.
Altis ok for you?

Should be going for less than $70k with COE by year end

Imagine this is just the price of COE paper a couple of months ago.
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  #6788 (permalink)  
Old 19-02-2015, 05:36 PM
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Altis ok for you?

Should be going for less than $70k with COE by year end

Imagine this is just the price of COE paper a couple of months ago.
Should be ok. I'll check. Thanks.
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  #6789 (permalink)  
Old 19-02-2015, 06:33 PM
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If COE drops to $10k, is it right to say that those who paid $80k for their COE should deregister their car? Their paper value would be more than the new car price. Assuming they have no loan on their car, they can then deregister their car and get a brand new car plus a profit.

For instance, if paper value (PARF + COE rebates) is $85k. New car (same model with $10k COE) price is $70k. So they can actually get a new car plus get a profit of $15k. If they can sell their old car body for $5k, they get $20k profit.

Is this correct?
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  #6790 (permalink)  
Old 19-02-2015, 06:44 PM
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If COE drops to $10k, is it right to say that those who paid $80k for their COE should deregister their car? Their paper value would be more than the new car price. Assuming they have no loan on their car, they can then deregister their car and get a brand new car plus a profit.

For instance, if paper value (PARF + COE rebates) is $85k. New car (same model with $10k COE) price is $70k. So they can actually get a new car plus get a profit of $15k. If they can sell their old car body for $5k, they get $20k profit.

Is this correct?
Yes correct. Once these high COE cars are deregistering, the quota will be further increased, and that will further drive the COE down
Then everyone will have a happy time with ultra low COE.

What a great government that we have with 20/20 foresight.
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