COE Results

stop using phv use taxi then those phv company will die then they will cut down phv and sell their cars then 2nd hand market will fall due to high supply then coe will fall due to cheap 2nd hand cars in the market then hahaha

‪ The demand for cat A COE will remains due to car dealers clever marketing tactics. For example, BYD Atto 3 comes in 3 COE packages.

Saver at $154k non guarantee COE maximum 8 bids.

Base at $164k maximum 6 bids

Excite at $174k guarantee COE.

The catch is you must place a huge deposit of $16,350 to bid for COE refundable if the bids expire. This is more than DBS credit card allows at $10k. Imagine your money get stuck there for months!

Then some dealers like BYD and Tesla charge more for colour other than white which is FOC

So you can see from the OneMotoring website there are usually bids exceed quota because of the COE number of bid variants.

Now, as it move closer to the expiry of maximum bid, dealers will put pressure on you to top up for a guarantee COE! Do you have a choice if you need a car urgently?

Also, when you trade in your car to the dealer at a non guarantee COE, the price quoted valid at the time of the first bidding. For subsequent bidding, price will adjust if COE go down or up . This is like tikam tikam roulette.

My advice is go for non marketing gimmick dealers that quote you a fixed and higher price inclusive of COE for a piece of mind. Likely, these dealers will bid for you successfully like Kah motors, Komoco, Borneo motors, Cycles and carriage among others.

Don’t be fooled by guarantee and non guarantee maximum number of bids clause.

Keep on dreaming bro.

Instead of trying to revamp the IU unit why not change the COE systems that does not make sense. Rental companies will just keep pushing higher COEs because in the end its the drivers who are paying for it. This practice have to stop.

All that Singaporeans need to do is to refrain from booking a new car (concertedly) for 3 months straight. Once car dealers' order books dry up, they have no reason to keep bidding higher and higher! I don't believe there are enough foreigners buying cars that can take up the 1,600 or so Cat A/B/E certs every fortnight if locals stop buying. In fact, I know of many expats who refuse to buy a car here, even with their high income & car allowance. Why are we being so silly? So keep that hard earned money, fella citizens!