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March 1st COE bidding. How much did C&C bid for you

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Re: March 1st COE bidding. How much did C&C bid for you

Post by karunt on 12th March 2010, 11:14 am

Guys!!!! Finally my SE just ask me to top up!! 1K!!!

SE use the Gov NEWs to scare us !!!!!

karunt
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Re: March 1st COE bidding. How much did C&C bid for you

Post by jboy on 12th March 2010, 11:19 am

May I know who actually determine the bid amount for my purchase? The SE or CnC Mgmt?

Also, for example my first bid is $20,000 and out bid. My SE asks me to top up 1k for 3bids guaranty.
Does it mean the highest amount for my next bid can only go up to $21000?

What if i dont top up? Will my SE purposely bid lower so that i failed to get coe again then he can push me to top up more $$$ on 3rd coe bidding?

jboy
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Re: March 1st COE bidding. How much did C&C bid for you

Post by karunt on 12th March 2010, 11:37 am

jboy wrote:May I know who actually determine the bid amount for my purchase? The SE or CnC Mgmt?

Also, for example my first bid is $20,000 and out bid. My SE asks me to top up 1k for 3bids guaranty.
Does it mean the highest amount for my next bid can only go up to $21000?

What if i dont top up? Will my SE purposely bid lower so that i failed to get coe again then he can push me to top up more $$$ on 3rd coe bidding?

yo!!! gd question!! can anyone give some advice? pls... hahaaaa

karunt
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Re: March 1st COE bidding. How much did C&C bid for you

Post by loansharkie on 12th March 2010, 11:47 am

jboy,

if your SE ask you to top up 1k for 3 bid guranteeed COE, it would mean that you will secure your COE within 3 bids.

within 3 bids, you will get the COE, no further top up required.
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 12:05 pm

varadero23 wrote:btw c&c in ubi is not the same as c&c in leng kee,ubi is call c&c fulco ,they bid differently

True

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Re: March 1st COE bidding. How much did C&C bid for you

Post by karunt on 12th March 2010, 12:19 pm

then really wanna to top up then can get it????

karunt
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 12:22 pm

If one really needs the car and don't want to pay higher COEs in the coming months due to the reduction in COEs, I feel topping up, say 2k is ok compared to paying for a COE that is 30k with a higher bank interest rate. Which is worst? We all know.

mamamia
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 12:52 pm

karunt wrote:Guys!!!! Finally my SE just ask me to top up!! 1K!!!

SE use the Gov NEWs to scare us !!!!!

Hi Karunt

The SE is not scaring us. It's reality. It has made headlines in today's Straits Times and the figures speak for itself.

Luckily for me, I got my COE last month. Had I waited and not listened to my SE's sound advice (He's a friend actually), I would be in deeper xxxt as I already sold my current van.

mamamia
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Re: March 1st COE bidding. How much did C&C bid for you

Post by varadero23 on 12th March 2010, 1:26 pm

CNC Mgmt,the ubi 1 and the leng kee 1 bid differently cos ubi 1 is cnc fulco
jboy wrote:May I know who actually determine the bid amount for my purchase? The SE or CnC Mgmt?

Also, for example my first bid is $20,000 and out bid. My SE asks me to top up 1k for 3bids guaranty.
Does it mean the highest amount for my next bid can only go up to $21000?

What if i dont top up? Will my SE purposely bid lower so that i failed to get coe again then he can push me to top up more $$$ on 3rd coe bidding?
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varadero23
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Re: March 1st COE bidding. How much did C&C bid for you

Post by jboy on 12th March 2010, 2:17 pm

ermMMM... okay lar... dun think too much....

DECIDED NOT GOING TO TOP UP !!!

I strongly believe "WHAT'S YOURS IS YOURS"

If SE/CnC wants to make $$$ sure they will try to close the deal asap.

Maybe they earn not much this time if we refused to top up, but they still can earn back the money by increasing the car price for the new buyers as what they are doing now, prices go up by 2k oredi.

Smile

ALL BROS & SISTERS... JUST REMAIN CALM AND STEADY...

jboy
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Westguy on 12th March 2010, 3:14 pm

I still remember what the Kia sales exec told me before i left the showroom last weekend, "No matter what brand of car you buy, please...make sure you buy it before this weekend as the COE is expected to go up and up"

Westguy
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 3:20 pm

jboy wrote:ermMMM... okay lar... dun think too much....

DECIDED NOT GOING TO TOP UP !!!

I strongly believe "WHAT'S YOURS IS YOURS"

If SE/CnC wants to make $$$ sure they will try to close the deal asap.

Maybe they earn not much this time if we refused to top up, but they still can earn back the money by increasing the car price for the new buyers as what they are doing now, prices go up by 2k oredi.

Smile

ALL BROS & SISTERS... JUST REMAIN CALM AND STEADY...


Good luck. I strongly believe that if you are a budget car buyer and if you missed this time round, you won't buy car within the next 1 to 2 years if COE goes above $30K level. BTW, Cat A quota is going to cut further by 30% for the next six months.

Forte002
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 3:27 pm

jboy wrote:May I know who actually determine the bid amount for my purchase? The SE or CnC Mgmt?

Also, for example my first bid is $20,000 and out bid. My SE asks me to top up 1k for 3bids guaranty.
Does it mean the highest amount for my next bid can only go up to $21000?

What if i dont top up? Will my SE purposely bid lower so that i failed to get coe again then he can push me to top up more $$$ on 3rd coe bidding?


$1k top up for guaranteed COE within 3 bids definitely worth it. Next bidding you will see Cat A chasing Cat B price at around $25K. The best part is if C&C did not bid for you and when Apr COE quota drop, the 1st bidding will see COE at $30K level. Guess how much is your car cost???

Forte002
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Re: March 1st COE bidding. How much did C&C bid for you

Post by cejay on 12th March 2010, 3:32 pm

My SE juz called me telling me if i dont top up 1k today, they are going to increase it very soon... dont knw when is the soon...

cejay
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Re: March 1st COE bidding. How much did C&C bid for you

Post by kiakeys on 12th March 2010, 3:33 pm

Economics mate..

if the COE is so high which will resulted in high car prices, the budget car buying will not bite .. so the overall demand will drop

when that happens

Car dealers will have to lower their profit margin to make their product more affordable and competitive for buyers. so its business sense mate

if you have v low sales, you offer price discounts or you target your customer that have sign and give them a discount i.e bid for them in a higher COE to get the sales

knowing this mate , dont have to top up unless its a done deal .. a risk worth taking unless you die die must have a car ..

kiakeys
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 3:51 pm

kiakeys wrote:Economics mate..

if the COE is so high which will resulted in high car prices, the budget car buying will not bite .. so the overall demand will drop

when that happens

Car dealers will have to lower their profit margin to make their product more affordable and competitive for buyers. so its business sense mate

if you have v low sales, you offer price discounts or you target your customer that have sign and give them a discount i.e bid for them in a higher COE to get the sales

knowing this mate , dont have to top up unless its a done deal .. a risk worth taking unless you die die must have a car ..

True to certain extend. However, how much is their profit margin now? Assuming $10K at current selling price. So COE up by $10K which wipe out their margin. No matter what, the car price will still need to go up by at least $5-8K if COE up by $10K.

COE is a constant factor and not production factor. Therefore, there is limited the car dealer can do to offer attractive discount. In addition, there will also be a shift in the target customer from 2L car to 1.6 and below. It will not be a straight forward supply and demand equation.

And most likely there will be a rush factor this weekend and the buyer will be all paying guarantee COE price. So if these buyers are guarantee COE, imagine what will happen to those buying last week and never gotten the COE?

My advice to those who have not yet gotten COE to top up $1k which is a small amount compared with the increase in COE prices in the next bidding.

Forte002
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Re: March 1st COE bidding. How much did C&C bid for you

Post by crono on 12th March 2010, 3:58 pm

so is topup 1k or 2k. mine is 2k.

crono
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Re: March 1st COE bidding. How much did C&C bid for you

Post by kiakeys on 12th March 2010, 3:59 pm

so be it then

i will not have a car

save me 1.3k monthly maintenece , might as well spend it on the family better.

kiakeys
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 4:05 pm

Hi jboy


I strongly believe "what's yours is yours" but to me, with all due respect does not apply here. It is because the market forces are too clear and present.

But it's entirely up to you

mamamia
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 4:06 pm

Forte002 wrote:
kiakeys wrote:Economics mate..

if the COE is so high which will resulted in high car prices, the budget car buying will not bite .. so the overall demand will drop

when that happens

Car dealers will have to lower their profit margin to make their product more affordable and competitive for buyers. so its business sense mate

if you have v low sales, you offer price discounts or you target your customer that have sign and give them a discount i.e bid for them in a higher COE to get the sales

knowing this mate , dont have to top up unless its a done deal .. a risk worth taking unless you die die must have a car ..

True to certain extend. However, how much is their profit margin now? Assuming $10K at current selling price. So COE up by $10K which wipe out their margin. No matter what, the car price will still need to go up by at least $5-8K if COE up by $10K.

COE is a constant factor and not production factor. Therefore, there is limited the car dealer can do to offer attractive discount. In addition, there will also be a shift in the target customer from 2L car to 1.6 and below. It will not be a straight forward supply and demand equation.

And most likely there will be a rush factor this weekend and the buyer will be all paying guarantee COE price. So if these buyers are guarantee COE, imagine what will happen to those buying last week and never gotten the COE?

My advice to those who have not yet gotten COE to top up $1k which is a small amount compared with the increase in COE prices in the next bidding.



I totally agree with Forte002 otherwise it's penny wise pound foolish.

mamamia
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 4:09 pm

crono wrote:so is topup 1k or 2k. mine is 2k.

You check with karunt as he posted 1K.

Forte002
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 4:19 pm

Yeap, I saw Karunt's posting.

mamamia
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Re: March 1st COE bidding. How much did C&C bid for you

Post by karunt on 12th March 2010, 4:39 pm

mamamia wrote:Yeap, I saw Karunt's posting.


hi, mamamia

for those who bought forte @ $57999 will top up $1k & those who bought forte @ $55999 need to top up 2K.

mean the lower price u bought for the car mean u need to top up more.

btw my SE just call me say that current Kia Forte 1.6 SX (A) is selling @ $63999 ( duno true or not )

And also after today those who offer 1k to top up will be end.. then next offer will be $3k - $4k. this is wat my SE told me.

So for myself i also duno wat to say now.... Sad

karunt
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Re: March 1st COE bidding. How much did C&C bid for you

Post by loansharkie on 12th March 2010, 4:39 pm

okay. i only know for 1.6SX forte. quoting my SE.

guys who got it at

a) 55,999
b) 56,999

all top up 2k.

guys who got it at

a) 57,999
b) 58,999

top up 1k.

any exceptions?
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loansharkie
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Re: March 1st COE bidding. How much did C&C bid for you

Post by loansharkie on 12th March 2010, 4:47 pm

mamamia wrote:
Forte002 wrote:
kiakeys wrote:Economics mate..

if the COE is so high which will resulted in high car prices, the budget car buying will not bite .. so the overall demand will drop

when that happens

Car dealers will have to lower their profit margin to make their product more affordable and competitive for buyers. so its business sense mate

if you have v low sales, you offer price discounts or you target your customer that have sign and give them a discount i.e bid for them in a higher COE to get the sales

knowing this mate , dont have to top up unless its a done deal .. a risk worth taking unless you die die must have a car ..

True to certain extend. However, how much is their profit margin now? Assuming $10K at current selling price. So COE up by $10K which wipe out their margin. No matter what, the car price will still need to go up by at least $5-8K if COE up by $10K.

COE is a constant factor and not production factor. Therefore, there is limited the car dealer can do to offer attractive discount. In addition, there will also be a shift in the target customer from 2L car to 1.6 and below. It will not be a straight forward supply and demand equation.

And most likely there will be a rush factor this weekend and the buyer will be all paying guarantee COE price. So if these buyers are guarantee COE, imagine what will happen to those buying last week and never gotten the COE?

My advice to those who have not yet gotten COE to top up $1k which is a small amount compared with the increase in COE prices in the next bidding.



I totally agree with Forte002 otherwise it's penny wise pound foolish.



i agree too, less the fact that if their profit margin is 10k per car, i would not even consider topping up.

but the fact is, it is not. in fact, i believe C&C does not have to capacity to bid anything more than 21k based on the selling price of 55,999.
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 4:53 pm

loansharkie wrote:okay. i only know for 1.6SX forte. quoting my SE.

guys who got it at

a) 55,999
b) 56,999

all top up 2k.

guys who got it at

a) 57,999
b) 58,999

top up 1k.


any exceptions?





The figures you mentioned are correct. I checked with SE friend.

I booked the Forte SX (A) on 23 Feb just in time for 24 Feb (2nd
bidding) and secured the COE at $20,340. I do not have to top up at all
as the changes to the COE was made this month.

Also, the documentation has been done.



Prices have been changing on a weekly basis from what I see.



My friend got his ride at $56,999.. me at $57,999.. then 1 week later at
$57,999 C&C Fulco offered it with FOC BK.



In other words, it depends on your timing which actually is your need to
buy.

mamamia
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Re: March 1st COE bidding. How much did C&C bid for you

Post by karunt on 12th March 2010, 4:55 pm

loansharkie wrote:
mamamia wrote:
Forte002 wrote:
kiakeys wrote:Economics mate..

if the COE is so high which will resulted in high car prices, the budget car buying will not bite .. so the overall demand will drop

when that happens

Car dealers will have to lower their profit margin to make their product more affordable and competitive for buyers. so its business sense mate

if you have v low sales, you offer price discounts or you target your customer that have sign and give them a discount i.e bid for them in a higher COE to get the sales

knowing this mate , dont have to top up unless its a done deal .. a risk worth taking unless you die die must have a car ..

True to certain extend. However, how much is their profit margin now? Assuming $10K at current selling price. So COE up by $10K which wipe out their margin. No matter what, the car price will still need to go up by at least $5-8K if COE up by $10K.

COE is a constant factor and not production factor. Therefore, there is limited the car dealer can do to offer attractive discount. In addition, there will also be a shift in the target customer from 2L car to 1.6 and below. It will not be a straight forward supply and demand equation.

And most likely there will be a rush factor this weekend and the buyer will be all paying guarantee COE price. So if these buyers are guarantee COE, imagine what will happen to those buying last week and never gotten the COE?

My advice to those who have not yet gotten COE to top up $1k which is a small amount compared with the increase in COE prices in the next bidding.



I totally agree with Forte002 otherwise it's penny wise pound foolish.



i agree too, less the fact that if their profit margin is 10k per car, i would not even consider topping up.

but the fact is, it is not. in fact, i believe C&C does not have to capacity to bid anything more than 21k based on the selling price of 55,999.


but will they let go those who bought @ 55,999? and give it to those bought @ 57,999 or $58,999 ?

karunt
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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 4:59 pm

mamamia wrote:
loansharkie wrote:okay. i only know for 1.6SX forte. quoting my SE.

guys who got it at

a) 55,999
b) 56,999

all top up 2k.

guys who got it at

a) 57,999
b) 58,999

top up 1k.


any exceptions?





The figures you mentioned are correct. I checked with SE friend.

I booked the Forte SX (A) on 23 Feb just in time for 24 Feb (2nd
bidding) and secured the COE at $20,340. I do not have to top up at all
as the changes to the COE was made this month.

Also, the documentation has been done.



Prices have been changing on a weekly basis from what I see.



My friend got his ride at $56,999.. me at $57,999.. then 1 week later at
$57,999 C&C Fulco offered it with FOC BK.



In other words, it depends on your timing which actually is your need to
buy.


I will have to check with my SE friend.

And yes, the price for Forte SX (A) has increased to $63,999

mamamia
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Re: March 1st COE bidding. How much did C&C bid for you

Post by crono on 12th March 2010, 5:00 pm

price will be above 60k for 1.6SX (A) this wkend

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Re: March 1st COE bidding. How much did C&C bid for you

Post by loansharkie on 12th March 2010, 5:02 pm

okay, latest from my SE.


C&C out to murder.

top up is now at 4k.

1.6SX going for 63,999.
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 5:03 pm

but will they let go those who bought @ 55,999? and give it to those bought @ 57,999 or $58,999 ?

They will only let go those who never top up...

Forte002
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Re: March 1st COE bidding. How much did C&C bid for you

Post by charcoal on 12th March 2010, 5:07 pm

loansharkie wrote:okay. i only know for 1.6SX forte. quoting my SE.

guys who got it at

a) 55,999
b) 56,999

all top up 2k.

"offered from SE" to top up 4k..haiz


guys who got it at

a) 57,999
b) 58,999

top up 1k.

any exceptions?
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charcoal
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Re: March 1st COE bidding. How much did C&C bid for you

Post by karunt on 12th March 2010, 5:08 pm

loansharkie wrote:okay, latest from my SE.


C&C out to murder.

top up is now at 4k.

1.6SX going for 63,999.


yo ! ! loansharkie... I think C&C is worse then ur nick ! hahaaa.....

haiz.. wat my SE say is true leh....

karunt
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Re: March 1st COE bidding. How much did C&C bid for you

Post by loansharkie on 12th March 2010, 5:11 pm

SIGHS.



i loanshark also stuck by C&C.



terrible.



Last edited by loansharkie on 12th March 2010, 5:12 pm; edited 1 time in total
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loansharkie
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 5:11 pm

loansharkie wrote:okay, latest from my SE.


C&C out to murder.

top up is now at 4k.

1.6SX going for 63,999.

Acutally, not true to murder... The fact that COE is going to increase to $25K and above is very true. Just take a look at historical data in 2003 or 2004 you will understand. So by topping up 1 or 2K is nothing. That's why I keep encouranging those who have not done so to do it quick. I forsee the $4-5K coming very fast and furious. The situation will be worst if more committed.

Forte002
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Re: March 1st COE bidding. How much did C&C bid for you

Post by BoonBoom on 12th March 2010, 5:12 pm

Hais Sad guess i would have to live with that 5 more bids liao! no way i am going to top up 4k! Its absurb!
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Re: March 1st COE bidding. How much did C&C bid for you

Post by loansharkie on 12th March 2010, 5:14 pm

Forte002 wrote:
loansharkie wrote:okay, latest from my SE.


C&C out to murder.

top up is now at 4k.

1.6SX going for 63,999.

Acutally, not true to murder... The fact that COE is going to increase to $25K and above is very true. Just take a look at historical data in 2003 or 2004 you will understand. So by topping up 1 or 2K is nothing. That's why I keep encouranging those who have not done so to do it quick. I forsee the $4-5K coming very fast and furious. The situation will be worst if more committed.


bro Forte002.

i am a strong believer that AD is more clear cut than PI with regards to COE. and that if KIA is willing to come out and sell a Forte 1.6SX at $55,999, they must also be confident that they can get the COE based on this pricing.

if not, why not set it at 45,999 and ask everyone who buy to top up 10k?

maybe murder is a strong word, but if you think you gotten a good deal from C&C, and the next thing, they ask you to top up 4k because they failed to get the COE, would you be unhappy?

would you top up the 4k then?
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Re: March 1st COE bidding. How much did C&C bid for you

Post by crono on 12th March 2010, 5:21 pm

they are serious this time. take it or leave it. price for Avante up to 67k.

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Re: March 1st COE bidding. How much did C&C bid for you

Post by Westguy on 12th March 2010, 5:25 pm

crono wrote:they are serious this time. take it or leave it. price for Avante up to 67k.

$67,399 for an Avante is ridiculous...lol

Westguy
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Re: March 1st COE bidding. How much did C&C bid for you

Post by muff on 12th March 2010, 5:26 pm

Forte002 wrote:
jboy wrote:ermMMM... okay lar... dun think too much....

DECIDED NOT GOING TO TOP UP !!!

I strongly believe "WHAT'S YOURS IS YOURS"

If SE/CnC wants to make $$$ sure they will try to close the deal asap.

Maybe they earn not much this time if we refused to top up, but they still can earn back the money by increasing the car price for the new buyers as what they are doing now, prices go up by 2k oredi.

Smile

ALL BROS & SISTERS... JUST REMAIN CALM AND STEADY...


Good luck. I strongly believe that if you are a budget car buyer and if you missed this time round, you won't buy car within the next 1 to 2 years if COE goes above $30K level. BTW, Cat A quota is going to cut further by 30% for the next six months.

Bro, the reduction for Cat A is not 30% but 39.2% (as per today ST)
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muff
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 5:29 pm

i am a strong believer that AD is more clear cut than PI with regards to COE. and that if KIA is willing to come out and sell a Forte 1.6SX at $55,999, they must also be confident that they can get the COE based on this pricing.

if not, why not set it at 45,999 and ask everyone who buy to top up 10k?

maybe murder is a strong word, but if you think you gotten a good deal from C&C, and the next thing, they ask you to top up 4k because they failed to get the COE, would you be unhappy?

would you top up the 4k then?

To be fair to them, the price is not guarantee COE and if anyone wants the extra confident in getting the COE in last round, they should have top up in the first place and not leave to chances.

Of course if I am asked to top up $4K, I will be unhappy but this is the current market situation for all cars dealer now. Every AD foresee everyone going to grab the guarantee COE in the next bid as Apr will be worst. So the next COE bid will be at least $25-28K level. I guess C&C want to bid at $26-$28K for the next COE. So taking $26K as the guide vs last bid of $20K, it is a $6K increase. Paying $4K is to get the assurance and C&C still lost the $2K margine.

That's the reason why I keep asking those to pay $1-2K to do it fast! If they have done deal, they will get at premium of about $4K increase in COE which in fact a further discount to them in the long run.

Forte002
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Re: March 1st COE bidding. How much did C&C bid for you

Post by daydreaming on 12th March 2010, 5:36 pm

all the price of cars went up after today newpaper show that there will be abt 40% cut in coe & price of coe will range from 25-35k.. it is a sure up.. so those who stand can top up at 1-2k for ur ride, pls do so or u will regret.. my se told mi yday whether to top up 2k, i say i will decide n see how.. dan today morning she called mi but i din pick up.. hours later i return her call, she told mi that the top up price have rise to 4k.. i got shocked but luckily she reserve the 2k top up for mi & told her boss that i going to top up & secure it at 2k if not i will need to pay 4k.. wow.. great help from her.. she is 1 of the best se that i have came across.. =)

bought 1.6l koup auto at 61999 then now top up 2k so total 63999..

now c&c selling 1.6l sx auto at 63999 - same price as my koup.. wohoo.. so ex.. so ppl bought forte at abt 50+k..
now c&c selling koup 1.6l auto at 69999.. - some ppl bought at 58-59k.. the difference of 10k wo..

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Re: March 1st COE bidding. How much did C&C bid for you

Post by muff on 12th March 2010, 5:56 pm

Cat A quota = 1148 (Mar 10)
Cat A quota after 39.2 % reduction = 698 (Apr 10)
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Godson on 12th March 2010, 6:34 pm

i agree with forte002, based on the profit margin, KIA is really not making much...

but have to agree with other bros that they are unhappy to top up...

for those bros who need a car urgently, pls think carefully and b4 you decide not to top up... COE prices are gonna shoot northwards like a rocket..

Forte002 wrote:
i am a strong believer that AD is more clear cut than PI with regards to COE. and that if KIA is willing to come out and sell a Forte 1.6SX at $55,999, they must also be confident that they can get the COE based on this pricing.

if not, why not set it at 45,999 and ask everyone who buy to top up 10k?

maybe murder is a strong word, but if you think you gotten a good deal from C&C, and the next thing, they ask you to top up 4k because they failed to get the COE, would you be unhappy?

would you top up the 4k then?

To be fair to them, the price is not guarantee COE and if anyone wants the extra confident in getting the COE in last round, they should have top up in the first place and not leave to chances.

Of course if I am asked to top up $4K, I will be unhappy but this is the current market situation for all cars dealer now. Every AD foresee everyone going to grab the guarantee COE in the next bid as Apr will be worst. So the next COE bid will be at least $25-28K level. I guess C&C want to bid at $26-$28K for the next COE. So taking $26K as the guide vs last bid of $20K, it is a $6K increase. Paying $4K is to get the assurance and C&C still lost the $2K margine.

That's the reason why I keep asking those to pay $1-2K to do it fast! If they have done deal, they will get at premium of about $4K increase in COE which in fact a further discount to them in the long run.
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Re: March 1st COE bidding. How much did C&C bid for you

Post by spicy moomoo on 12th March 2010, 6:38 pm

I believe CnC will bid for those who willing to pay for top up fee for the coming bidding to secure highest profit before COE go up again...

As for those who decide not to top up have to really pray very hard that COE will drop below 20k...

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Re: March 1st COE bidding. How much did C&C bid for you

Post by mamamia on 12th March 2010, 6:46 pm

To think of it, the SEs are not entirely to be blamed as they take instructions from the management.

The SEs are having a tough time too.

They can't control the COE and it's economics of scale... fewr COEs realeased = Higher COE and higher bank interest rates = higher car price.

So, it is best to top up "less" now than pay higher the next bidding as from what we can see now, prices are set to go up up up.. my 2cts worth

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Re: March 1st COE bidding. How much did C&C bid for you

Post by charcoal on 12th March 2010, 6:51 pm

i think those who don wanna top up and booked at the price of 55999 or 56999, think C&C will juz low bid and let it roll away till the remainding bids end... they have few months to hold the buyers in hand and observed situation?
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Re: March 1st COE bidding. How much did C&C bid for you

Post by jboy on 12th March 2010, 6:55 pm

My SE called mi around 4pm and told me that they dont accept 1/2k top-up options for securing coe anymore.

I have only 2 choices,
1) buy the car at newer price @ $56999 for EX(A) or $63999 for SX
2) stick to the original deal, which i booked EX(A) at $52999, after 5 more bids if not getting coe then refund me the $$$.

My SE said tmr the price may increase again.

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Re: March 1st COE bidding. How much did C&C bid for you

Post by charcoal on 12th March 2010, 7:07 pm

my present 7 years old car due for inspection, and couple of thing gotta be fixed to pass inspection, so decide traded in. if i get my old car back, throw some money get it fixed to serve me 2 more years which i don really wanna do that. what to do? pay loo.. 4K gone but think if i still wanna a new car, that's my only choice left for now.. haiz
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Re: March 1st COE bidding. How much did C&C bid for you

Post by Forte002 on 12th March 2010, 10:57 pm

Actually buying car a lot of time is timing. You must understand the market and time your entry. I don't have the intention to buy initially but went down to the show car clearance sale to check out the pricing. Then subsequently heard about the change in Coe quota which highly anticipated to cut in apr. I already paid one year road tax for my previous ride and initially wanted to wait till end of year. But with Coe price heading up, the Forte price give a discount of $3k and was told that car with bk confirm ready before cny. It is too good to be true and should not wait further. So I decide to pay 57299 for my 1.6sx with bk and all the basic freebies. 8)

I met one of the bro at the showroom and he told me the price is too high now. I told him yes the price may be high but it is also offset by the high Coe which resulted in lower car price and further more, Coe quota is going to cut soon. I hope he has considered my advice. The price I paid at that time is consider high if comparing with those booked earlier at around 50k. However, their Coe is not even half of mine at 20,500. Who has a better deal?

My forecast did come true and Coe is cutting soon and price is increasing.

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