How much are you earning per annum?

Originally Posted by Unregistered

The car dealer attempts a come back..... Just like those pesky fellows who thrust their flyers in your face.....

I'm not a car dealer. I'm a car owner and has bought a new car. I want to share with people here why they should not be a stupid fool to hope COE will drop to $30k. Those who listened to me and bought their new car when Cat A COE dropped temporarily to $57k are now all very happy. COE will go to $100k and above in 2018-2019 if there is no clawback so best to change to a new car now.

Originally Posted by Unregistered

COEs prices are crashing soon, that is what LTA is hinting to us in the press release. In the next 4 years, more than 100k number of COEs are going to flood the market each year. The massive supply will meet the demand at a lower price.

://.lta.gov.sg/data/apps/news/press/2015/20150416_Motor_veh_pop_Age_Profile_AnnexB.pdf

Don't be a fool. Most of the COE supply is from replacement supply. Those who scrap their cars will be back as replacement demand. The only supply growth is only 0.25%, which is very little. The additional demand is huge. So expect demand to be 2x supply at least. Price is determined not only by supply but also demand. High demand due to higher household income, higher property market which allows many to flip their properties to cash out and use cash a a downpayment, higher stock market, families buying more than one car, young graduates wanting a new car to show off, etc.

Here is how many people can afford to buy a new car by flipping their BTO flat.

1. Bought their 4 room BTO flat in Punggol in 2009 for $250k
2. Sold their BTO flat after 5 years MOP in 2014 for $450k
3. Profit $200k cash
4. If their outstanding loan was $150k at the time of sale, their proceeds will be $300k
5. Use $50k cash from profit to pay for new car downpayment for a $100k car
6. Use the balance $250k (cash & CPF) for downpayment for another flat

So, thanks to the property market, many people can now buy new cars. So we can expect COE prices to continue rising.

Originally Posted by Unregistered

COEs prices are crashing soon, that is what LTA is hinting to us in the press release. In the next 4 years, more than 100k number of COEs are going to flood the market each year. The massive supply will meet the demand at a lower price.

://.lta.gov.sg/data/apps/news/press/2015/20150416_Motor_veh_pop_Age_Profile_AnnexB.pdf

Yes! I am waiting for my $30k COE or lower. Huat ah!
screw the car dealer!

Originally Posted by unregistered

yes! I am waiting for my $30k coe or lower. Huat ah!
Screw the car dealer!

huat ah!!!!!!!!!!!!!!!

Huat big big!!!!!!!!!!!!

Huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat!!!!!!!

This is a really good idea. Let's all do this and buy a new car now! Huat ah!

Originally Posted by Unregistered

Here is how many people can afford to buy a new car by flipping their BTO flat.

1. Bought their 4 room BTO flat in Punggol in 2009 for $250k
2. Sold their BTO flat after 5 years MOP in 2014 for $450k
3. Profit $200k cash
4. If their outstanding loan was $150k at the time of sale, their proceeds will be $300k
5. Use $50k cash from profit to pay for new car downpayment for a $100k car
6. Use the balance $250k (cash & CPF) for downpayment for another flat

So, thanks to the property market, many people can now buy new cars. So we can expect COE prices to continue rising.

Originally Posted by Unregistered

huat ah!!!!!!!!!!!!!!!

Huat big big!!!!!!!!!!!!

Huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat huat!!!!!!!

The car sales man gone crazy liao. He cannot take it that his value of car price has dropped from COE ($90k) to COE below $30k. Time to go IMH.

This was what I did in 2013. I saw the landed property prices has gone up so much and decided to take profit on my landed property. I sold my landed property, paid off the remaining mortgage and use the net proceeds to buy a 3 bedroom condo in a posh development, paid in full cash and I still got some spare cash to pay off my other personal loans, car loan and to buy a new car, also paid in full cash. Now I am totally debt free.

Our timing to sell our landed in 2013 was perfect upon hindsight. The latest I checked, prices of properties now in the vicinity of my previous landed property has dropped by 10% and I think it will continue to drop. Luckily our current condo's value did not drop as it is located near an MRT station and a shopping mall.

Originally Posted by Unregistered

Here is how many people can afford to buy a new car by flipping their BTO flat.

1. Bought their 4 room BTO flat in Punggol in 2009 for $250k
2. Sold their BTO flat after 5 years MOP in 2014 for $450k
3. Profit $200k cash
4. If their outstanding loan was $150k at the time of sale, their proceeds will be $300k
5. Use $50k cash from profit to pay for new car downpayment for a $100k car
6. Use the balance $250k (cash & CPF) for downpayment for another flat

So, thanks to the property market, many people can now buy new cars. So we can expect COE prices to continue rising.

Originally Posted by Unregistered

I'm not a car dealer. I'm a car owner and has bought a new car. I want to share with people here why they should not be a stupid fool to hope COE will drop to $30k. Those who listened to me and bought their new car when Cat A COE dropped temporarily to $57k are now all very happy. COE will go to $100k and above in 2018-2019 if there is no clawback so best to change to a new car now.

If you think so many people can be "saved" by your posts, why not you start a thread called.... "Let me save you... All about cars".

No need to tumpang others' thread

Originally Posted by Unregistered

This is a really good idea. Let's all do this and buy a new car now! Huat ah!

Get lost, flyer distributor!