With the LTA announcement about the cut in COE quota for 2009/2010, I have computed the changes which would result in the following reduction in the average COEs per bidding exercise:
| Category | 2008/2009 | 2009/2010 | #Reduction | %Reduction |
|---|---|---|---|---|
| A | 1,938 | 1,395 | 543 | 28% |
| B | 1,099 | 760 | 339 | 31% |
| E | 814 | 716 | 98 | 12% |
The March 2nd Bidding Exercise will be the last one from the 2008/2009 quota. The bidding should be quite competitive as dealers try to secure the COEs before the supply crunch kicks in.
Prediction on March 11:
Category A: $5,000-6,000
Category B: $6,000-7,000
Verdict on March 18:
Category A: $5,116
Category B: $5,001
3 comments:
Results out...
Cat A $5,116
Cat B $5,001
Hi Skxly,
Great to come across your blogs, you did a very good job on providing us the very useful infos and tools :) I'm looking for a cheaper car as my daily transport for working, i don't care whether it's used car or new car as long as it's cheaper.
I'm a new learner on buying car. Would you mind to give me opinion among 2 cars below, which one is value to buy?
USED CAR
========
Date Posted 18-Mar-2009
Ad ID CAR-28873
Expiry Date 10-Jul-2009
Description
Make & Model Kia Picanto GL 1.1
Price S$ 13,500
Type Hatchback
Engine Capacity 1,086 CC
Transmission Manual
Additional Information Description:
* Well Maintained And Marvellous Condition
* Accident Free
* Full Original Condition
OMV S$ 7,445
Depreciation S$ 1,705 / year
Registration Date 25/04/2006
COE N.A.
COE Expiry 24-Apr-2016
Number of Owners 1
Mileage 22,000 km
NEW CAR
=======
Price:
S$ 29,999
Last Updated:
05 Mar 2009
COE (CAT A):
S$ 4,890 (Last updated: 04 Mar 2009)
Monthly Instalment:
N.A.
Vehicle Type:
Hatchback
Engine Capacity:
1,086 CC
Transmission:
Manual
The price showned in USED CAR ad is the total price that I need to pay? Does it include the COE? I find quite confusing to read the ad.. Need separate MOV payment or it alraedy included in the price stated? If the Total price is 0k or below, i plan to pay by cash.
Otherwise, anything above 20k i need to take up loan. The new car price included COE? The ad states price is inclusive of registratration, road tax, etc.. But i dunno the registration meant for COE or not.
See my response.
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