Living in Singapore

[Zeal mummy]

The COE went up for motorbikes. According to the article it is a huge jump from $3000 6 months ago to $12000 for renewal next month.

[floppy]

Zeal mummy\" post_id=\"2086710\" time=\"1666676903\" user_id=\"58173:[quote=\"Zeal mummy\" post_id=2086710 time=1666676903 user_id=58173]
The COE went up for motorbikes. According to the article it is a huge jump from $3000 6 months ago to $12000 for renewal next month.[/quote]

Correction:
\"$3000 6 years ago to $12000 (this month)\".

The base price of a moped or scooter is less than $3,000. The price of the piece of paper to have an opportunity of owning it costs 4x more :siao:

[Zeal mummy]

floppy\" post_id=\"2086713\" time=\"1666680712\" user_id=\"97579:

Correction:
\"$3000 6 years ago to $12000 (this month)\".

The base price of a moped or scooter is less than $3,000. The price of the piece of paper to have an opportunity of owning it costs 4x more :siao:

Yes thank you

[ChiefKiasu]

floppy\" post_id=\"2086713\" time=\"1666680712\" user_id=\"97579:

Correction:
\"$3000 6 years ago to $12000 (this month)\".

The base price of a moped or scooter is less than $3,000. The price of the piece of paper to have an opportunity of owning it costs 4x more :siao:

:salute: I think it is time to list the average price of a car against the current COE, so that we can all see how ridiculous this scheme has become.

[skii]

ChiefKiasu\" post_id=\"2086719\" time=\"1666688400\" user_id=\"3:

:salute: I think it is time to list the average price of a car against the current COE, so that we can all see how ridiculous this scheme has become.

Note the magic formula :

Price at showroom =
(Omv x 2.4 )+ coe + dealers margin

[Liew Nga Wing]

If the scheme is ridiculous, then don’t buy car lah…just call a cab or grab or take bus and MRT.

[Funz]

Well for some it is their livelihood. Taxi, grab, food delivery, pte school transport, etc. For those who are corporate client reps, having their own transport makes it easier for them to zip around meeting with clients.


My handyman had to give up his truck because of rising cost of owning one and the high COE. While he saved on the cost of owning and maintaining his vehicle, his earnings have dropped too as he is unable to respond as fast and effectively as before where he has all his tools in his truck and whatever is not available he can easily drive out to buy them. I asked him if the savings covers the drop in income, he says for now yes. It is also no joke lugging his tools around and taking public transport. I told him time to slow down and consider retiring. He say yes about time, not getting any younger.

[floppy]

Liew Nga Wing\" post_id=\"2086727\" time=\"1666691399\" user_id=\"195250:[quote=\"Liew Nga Wing\" post_id=2086727 time=1666691399 user_id=195250]
If the scheme is ridiculous, then don't buy car lah....just call a cab or grab or take bus and MRT.[/quote]

The problem is…
PHV and Taxi also require COE to purchase. The cost to purchase such vehicles will ultimately be passed on back to the consumer,

[SG_KP1]

floppy\" post_id=\"2086735\" time=\"1666696245\" user_id=\"97579:

The problem is…
PHV and Taxi also require COE to purchase. The cost to purchase such vehicles will ultimately be passed on back to the consumer,

We recently had a Grab driver with a new BMW i7. My kid asked maybe a Rolls-Royce or Bentley will take her to school soon? :rotflmao: :rotflmao: :rotflmao:

[Liew Nga Wing]

SG_KP1\" post_id=\"2086736\" time=\"1666696551\" user_id=\"188234:

We recently had a Grab driver with a new BMW i7. My kid asked maybe a Rolls-Royce or Bentley will take her to school soon? :rotflmao: :rotflmao: :rotflmao:

Yes, one of my previous Grab Hitch driver was working in Cycle and Carriage and every morning, he drove a brand new Mercedes to send me to work before sending his boss to office. :imcool: