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Wednesday, March 11, 2009

COE Prediction - March 2009 2nd Bidding Exercise


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:

Category2008/20092009/2010#Reduction%Reduction
A1,9381,39554328%
B1,09976033931%
E8147169812%


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:

Anonymous said...

Results out...

Cat A $5,116
Cat B $5,001

Anonymous said...

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.

skxly said...

See my response.