Anyone renewing COE this month?

[LauLanChu]

Better check what is applicable PQP. If can use Oct coe price with just a penalty of $100 that will be a big loop hole over-sighted by LTA. People will gamble if the first bid is much lower than the current. Unfortunately I renewed mine on Aug after seeing the higher Sep 1st bid and got no chance of enjoying the loop hole. Do let me know if I bang twice.

[richardg]

Originally Posted by globalcookie

.... there is a rush of buyers gg to showroom since e 1st bidding plummet.

These buyers buy with low COE peg and low price.
Dealers will not be able to bid high on these car price?

[globalcookie]

Originally Posted by richardg

These buyers buy with low COE peg and low price.
Dealers will not be able to bid high on these car price?

Cat A is not transferable. Only Open Cat is transferable.

There are existing car owners who had been considering renewal of COE or changing of car, as well as those who are already considering buying of car. Quite expected, when COE price saw a drastic dipped, the number of would-be buyers increase. This matter of ppl wanting to buy, with the drop in COE, was in the news shortly after 1st bidding.

However, it doesn't mean 2nd COE or even Oct COE bidding will see drastic increase. Everything is just speculative till the results are out.

Make your guess, what would the likely successful bid price for 2nd bidding? Compute it into 3mths PQP. This can help you decide if you should renew before or after 2nd bidding is out.

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My colleague has been considering renewal since about June (his COE due in early Nov). So I have been helping him monitor the successful bid price. Last month, he was quite keen to renew but I advised him to hold till Sept 1st bidding is out, before he decides if he should renew based on Aug or Sep PQP. But seeing the sudden and huge drop in 1st bidding, I suggested to him, he can afford to wait for 2nd bidding result. Even if it goes up much, it won't cause him to pay more.

Mine was renewed in Jan as the used car i bought was due for scrap by late Jan. Didn't consider the $100 late renewal penalty.

[LauLanChu]

I called LTA to check this morning, and is clarified the PQP is the previous expired PQP + 100 penalty. Believe many would have thought of this and LTA not so stupid.

[mictok]

Originally Posted by burntrubber

You mean the new 1.6 vitara? That is one of my 'plan b' car (in case I can't find a 7 seater) next to the XV and impreza hatch.

the 2L Vitara. Its a working horse for the old model esp the 1.6l era but I am not sure about this new 1.6l.

[richardg]

Originally Posted by LauLanChu

I called LTA to check this morning, and is clarified the PQP is the previous expired PQP + 100 penalty. Believe many would have thought of this and LTA not so stupid.

Thanks... so just renew lol

[LauLanChu]

Originally Posted by richardg

Thanks... so just renew lol

You good, at least can tahan and renew in Sep, saving few hundreds from Aug PQP and have extra 1 month to drive. Happy already unlike me.

[richardg]

Looking to repaint the car
anyone knows car painter?
Thanks

[millenium]

Originally Posted by richardg

Looking to repaint the car
anyone knows car painter?
Thanks

At defu lane u want?

[richardg]

Originally Posted by millenium

At defu lane u want?

yes, why not
thanks