COEs result

har!! nobody got the bid yet?? so sad...

yea i have not

dreamzzlandz wrote:Think weekend go down there to buy the car... because the prices will be around what are reflected on Kia website + another 1-2k because COE increased 2k ma-h...

bro,, if u confirm buying, try asking ur SE to throw in e bk n some other freebies mentioned. and if u dun mind check out wif ur SE, if buyers who oready booked their car n wishes to buy e bk, how much they sellin and any discount..... cheerz

dandeana21 wrote:har!! nobody got the bid yet?? so sad...

Sians and sad right...

graysgerald79 wrote:

dandeana21 wrote:har!! nobody got the bid yet?? so sad...

Sians and sad right...

yah lor.. so doubly and triply sianz lor... at least got one oso happi wor...

There might be people who are still waiting for their COE from the prelaunch purchase, how are they even gonna get their COE with the recent sharp rise?

To add on to the list are the people who book after that, and with avante showing a strong sale permformance too and other car makes sales...plus the COE quota reduction. We are in for a JAM.

exactly

i can only hope that kia cant affort to loose us n bid for us in the last few coe. If the get desprate they would call to advise top up or open cat.

so SAD~~ My 1st bid fails!!~~

mine too wor! I also sad. Can ur big rabbit hand comfort me? Lol!

tish wrote:mine too wor! I also sad. Can ur big rabbit hand comfort me? Lol!

hahahaha

that is mickey's gloves!

hahahaahaha

Will there be a situation where all 6 bids fails and C&C just refund you the deposit?

Or ask u to top up to bid COE? If refuse, then no car?

So what happens if you're still outbid for 6 times? Does that mean you can't bid again in this year?? I'm confuse.

[quote=Juz@kid]
bro,, if u confirm buying, try asking ur SE to throw in e bk n some other freebies mentioned. and if u dun mind check out wif ur SE, if buyers who oready booked their car n wishes to buy e bk, how much they sellin and any discount..... cheerz [/quote]

I am actually looking at OPC, so freebies should be just solar film I guess or at most additional mats. ( because freebies are given out from SE's commission, moreover OPC's profit not much ..so there should be a limit of things I can request.) I know if buy normal car can request for more freebies.. since the SE makes more money.. this is what I think..

Ok, I will go and ask ho wmuch the bodykit cost.

BluRz wrote:so SAD~~ My 1st bid fails!!~~

My 1st bid also failed..... wonder how high will the COE....

I updated on the body kit part in the bodykit thread. Check it out there, brothers & sisters.

But seriously it's the first time I have experienced not getting COE on 1st bid. I think it only happens with Kia. Cos' my friend also bought Kia last time and waited 5 months before he gets his car and of course the COE. Toyota and even Perodua can secure me a $12k+ COE on first bid.

When I called SE yesterday to add bid, SE said manager decides the bid amount. They might add the bid nearer to the close of the bidding. Anyway, it is only your first time, give those people who waited 2 - 3 times a chance. My feel is why must give to others first? (Not being selfish here) IF the first bid you don't secure and COE just simply keep increasing, what makes you think you will outbid the rest in the coming COE biddings?

Moreover, I am bidding for my own car plate no. (a service which they don't provide, I don't understand why). So... should I bid for my car plate, or should I not? I think I got car plate le, also NO COE, NO Car... then what happens to my car plate huh? I am beginning to find this amusing!

Dont worry, i got a feeling 6 bid sure go thru one. Which car company dont want to earn? For ur finance loan, they get certain %, for selling u the car, they get comission, they sell more they hit target, the sell even more, they hit higher target....

gravin wrote:I updated on the body kit part in the bodykit thread. Check it out there, brothers & sisters.

But seriously it's the first time I have experienced not getting COE on 1st bid. I think it only happens with Kia. Cos' my friend also bought Kia last time and waited 5 months before he gets his car and of course the COE. Toyota and even Perodua can secure me a $12k+ COE on first bid.

When I called SE yesterday to add bid, SE said manager decides the bid amount. They might add the bid nearer to the close of the bidding. Anyway, it is only your first time, give those people who waited 2 - 3 times a chance. My feel is why must give to others first? (Not being selfish here) IF the first bid you don't secure and COE just simply keep increasing, what makes you think you will outbid the rest in the coming COE biddings?

Moreover, I am bidding for my own car plate no. (a service which they don't provide, I don't understand why). So... should I bid for my car plate, or should I not? I think I got car plate le, also NO COE, NO Car... then what happens to my car plate huh? I am beginning to find this amusing!

So the problem lies with c&c instead? Or Kia?
Does that mean if we bought hyundai avante in the first place, we should be able to get the COE? or lets say nissan latio, we shoule be able to get the cOE? Just curious.. bcos i am a first time buyer...

greatgazoo wrote:So what happens if you're still outbid for 6 times? Does that mean you can't bid again in this year?? I'm confuse.

I think 6-bid guarantee that C&C is offering is a promise that they can give you the vehicle within 6 bids. Well, you put your money(deposit) with them trusting them that you'll get the coe within 6-bids, I dun see any reason why they can ask you to top up.

Also, after 6-bid doesnt mean you cannot bid again. As far as I know, there is no limit to the number of times you can bid for COE.

its a 6-bid none guarantee or 1 bit guarantee option.

But usually 6 bid wont have any problems.

graysgerald79 wrote:

So the problem lies with c&c instead? Or Kia?
Does
that mean if we bought hyundai avante in the first place, we should be
able to get the COE? or lets say nissan latio, we shoule be able to get
the cOE? Just curious.. bcos i am a first time buyer...

No body knows for sure

my SE told me
6 bids non guarantee

Confirm non gurantee. If gurantee, no point 6 bids. Coz gurantee coe is marked up price.

53,999 for 6 bid non gurantee
55,999 for 1 bid gurantee

wah lao! 6-big still non-guarantee ah? Later i go back check my agreement again. If that's the case, that really put car buyers at a disadvantage yea?

tish wrote:Confirm non gurantee. If gurantee, no point 6 bids. Coz gurantee coe is marked up price.

53,999 for 6 bid non gurantee
55,999 for 1 bid gurantee

hmmm... ppl will go for 1 bid if they cannot wait. But for ppl that can wait, they dun mind waiting for 6bids. Seems like everything is in favour of the car dealers eh.

U all didnt ask what is the coe sales package?

U can ask them non gurantee, how much they use to bid ur coe EG 5k, then u compare to gurantee. Then look at COE past history, if u think COE shooting up by 10k next bid, get the gurantee 55,999. C&C Lugi 5k, u earn 10k-5k-2k = 3k. 3k=body kit,v.cool. sound system, stud bar, light weight rims etc etc.....

Normally people would go for non gurantee 3-6 bids. Normally will go thru. Unless COE very bad

Wooohoo! I got me COE! and the BK too!!!

congratulations fortec!

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

woooot! Congrats! 恭喜你！！！

Correct me if I am wrong...

Actually I am still quite new to COEs and stuffs, but I think if we pay $2k more to get guaranteed COE... it does not mean the value of the COE we have on paper is 2k more.. for example, the list price of Cerato is $47k, with 5k COE.. if I pay $49k to get guaranteed COE, the value of the COE I get maybe one with value 5k, or even less than 7k. ( even we pay 7k for a guaranteed COE, that does not mean that they will give you a COE worth 7K.. they just guaranteed you a COE - including a open category COE)

I think Kia company on hand has a few ready COEs on hand.. so they will give to whoever who pay the extra..

I guess for those who bought the car when the COE is only 1-2k.. I guess they will ask you to top up, to meet current COE price.. this is my guess... but if you buy at 5k COE, and it became 6k .. then the company dont mind to absorb the 1k..since they can make money from the interest of your installment..

Oppss.. I think buying/selling car seem a cheam knowledge.. too bad, I dont really understand how it work..

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

From yesterday bid or u getting gurantee and they give u the bodykit?

Congrats Fortec.. now you got your BK, your COE.. just short of the car.. but no worry your dream car will come very soon!!!

tish wrote:

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

From yesterday bid or u getting gurantee and they give u the bodykit?

It's an open cat COE from last round of bid which works for me coz I intend to juz run the car for 10years. As my car is already in SG, I suppose it make sense for them to close a deal asap.

As for the bodykit, it's not free, my loan is 50% 1year repayment. The total interest is only SGD6xx. Don't think my SE can cough out more liao.

Fortec, so you pay for the bodykit? how much they charge you..

I know tomorrow will give free bodykit.

dreamzzlandz wrote:Fortec, so you pay for the bodykit? how much they charge you..

I know tomorrow will give free bodykit.

She never say coz she don't know what the management wants to do with the kits yet but she said it'll be release for sure and she book one for me.

Fortec wrote:

tish wrote:

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

From yesterday bid or u getting gurantee and they give u the bodykit?

It's an open cat COE from last round of bid which works for me coz I intend to juz run the car for 10years. As my car is already in SG, I suppose it make sense for them to close a deal asap.

As for the bodykit, it's not free, my loan is 50% 1year repayment. The total interest is only SGD6xx. Don't think my SE can cough out more liao.

wooo~ Open cat coe is worth the same amount as the CAT A coe at the time of bidding yea? Like that not bad, 7k coe eh~

Fortec wrote:

tish wrote:

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

From yesterday bid or u getting gurantee and they give u the bodykit?

It's an open cat COE from last round of bid which works for me coz I intend to juz run the car for 10years. As my car is already in SG, I suppose it make sense for them to close a deal asap.

As for the bodykit, it's not free, my loan is 50% 1year repayment. The total interest is only SGD6xx. Don't think my SE can cough out more liao.

u take 1 yr loan huh.. lol.. ur se didn't earn much from you,...

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

congrats!!! at least one got the COE..

Good for u!!!!

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

Actually you should write clearly, You got the COE plus buy the BK.. I tot you got COE and BK for free.. haha

Nvm.... at least u get the cOE.. woohoooo!!!

Who still not yet get COE? Start the ball rolling..

Fortec wrote:

tish wrote:

Fortec wrote:Wooohoo! I got me COE! and the BK too!!!

From yesterday bid or u getting gurantee and they give u the bodykit?

It's an open cat COE from last round of bid which works for me coz I intend to juz run the car for 10years. As my car is already in SG, I suppose it make sense for them to close a deal asap.

As for the bodykit, it's not free, my loan is 50% 1year repayment. The total interest is only SGD6xx. Don't think my SE can cough out more liao.

Congrats bro!!

Oops I was too happy to type the details, my bad.

The COE is not 7k leh..it's 5k, it's from the bid prior to the lastest one.

Higher COE cost now will translate into a $2k - $4k price increase for Buyers this coming Apr-May weeks. If got extra cash, grasp the Open Cat COE that CnC have in hand. I paid up & secure Open Cat COE last week before the April bid. Just My Good Luck.

Ya.. For you guys info, leng kee on hand got a few open cat going to expire soon (3 month valid) ranging from 4k to 5k.. So they will be giving out to those who cant wait and willing to top up or bid until 6x liao.. So his round open cat 7k ones, dun dream abt it for time being.. maybe 2 and half month, they will start using liao.

But if ordered my car during the period(late march) where theCOE is ard 5k, why do i need to top up still since i am paying 47999 liaoz?

My SE alrdy sms me saying that I did get the COE and need to wait for next round bidding... he din give the option of the open cat one.... probably also the car has arrived yet?

He must bid open cat also mah, if bidders more than quota. u 50-50 wont get too right? Correct me if im wrong

graysgerald79 wrote:But if ordered my car during the period(late march) where theCOE is ard 5k, why do i need to top up still since i am paying 47999 liaoz?

My SE alrdy sms me saying that I did get the COE and need to wait for next round bidding... he din give the option of the open cat one.... probably also the car has arrived yet?

I wouldn't top-up if I were you....the open cat COE option is more for those that booked their car when the coe is only about 1K.......especially those that booked during pre-launch and with the 2K discount.....the next bidding will be their last bidding cause 6 bid already up....

impact2001 wrote:Who still not yet get COE? Start the ball rolling..

Lets list it out here Coe bidder list <-- Click me, touch me, press me!!

Article extracted from Carbuyer.com. Take your time to read and understand

April round 1: End of the cheap COE era?

Prices are up as the new Quota Year brings a smaller COE supply into play. Are the cheap COEs we saw this year now a part of motoring history?


By Leow Ju-Len
THE COE MARKET visited new territory for the year by crossing the $7,000 mark in both car categories, as well as for the Open certificate.
The COE (or Certificate Of Entitlement) for Category A, which includes cars up to 1.6 litres in capacity as well as taxis, rose to $7,090 at the end of this week’s tender exercise.
That represented a steep climb of $1,974 over the price for the same COE in late March.
As for Category B, which applies to cars above 1.6 litres, prices closed a sharp $2,500 higher at $7,501.
The Open Category COE (which can be used to register any sort of vehicle) hit $7,326, or $1,344 higher than the last auction in March.
Given how the COE market operates with a simple auction system, prices are very much a straightforward function of demand and supply.
On both sides of the equation, it was very easy to see this week’s higher prices coming.
For one thing, as this month kicks off a new Quota Year for COEs, the supply of certificates has fallen, and fallen sharply at that.
Where 1,843 Category A certificates were up for grabs in late March, for example, this week saw just 1,396 of them on offer.
Over at the Cat B end of the market, the new Quota Year saw just 761 COEs available this time, a drop of 349 certificates from March’s last auction.
As simple economics tells us, all things being equal, a fall in the supply of something is liable to make that something more expensive.
But there’s more to the story than a simple supply crunch.
There’s likely been a small spike in demand to go with it, too, since this week’s auction came on the back of a three-week break between bids.
COEs are put up for sale twice a moon, usually on the first and third Mondays of the month.
But some months have five Mondays in them – like March – and whenever this happens, it leads to a three-week spell between COE auctions instead of the usual fortnight.
With an extra week’s worth of orders in hand to bid for, the motor trade tends to bump prices up, creating a ‘three-week bounce’.
Of course, the question is whether dealers can rustle up that many orders, even with an extra week to do it with.
Aren’t times supposed to be gloomy, after all?
The trade might be feeling blue on the whole, but there have been areas of busy activity.
Cycle & Carriage is on a roll, for example, with robust sales for the excellent new Kia Cerato Forte. Indeed, April might finally be the month that sees registrations slow down for the strong-selling car, if only because stocks are running low.
Things have been busy over at the Mercedes-Benz showroom too, with one insider saying that C&C has managed to exceed its first-quarter sales targets for the brand, simply by virtue of working hard for the sales, with aggressive marketing and promotions activities.
Hyundai is known to have had a sterling March, too. The trade numbers aren’t out yet, but local distributor Komoco could well have put over 1,600 cars on the road, if our sources are accurate.
Indeed, the Koreans are hot at the moment, with Hyundai possibly reaching second position behind Toyota in the sales charts on a year-to-date basis, leapfrogging the likes of Honda and Nissan in the process.
If it’s interesting enough that there are strong sales here and there, it’s doubly so that this is true at either end of the market, whether it’s for Korean cars or German luxury ones.
What this shows is not that someone has forgotten to tell car buyers about the slowdown, but that
if you dangle the right bait, the fish will still bite.
Category A – CAR (1600cc AND BELOW) AND TAXI: $7,090
UP $1,974
52-week high: $17,999
52-week low: $2
Quota: 1,396
Bids: 2,026
IT’S INTERESTING TO watch bidding sometimes, and this week the main categories had surged past the mid-$6,000 level at least 45 minutes before the close of bidding. Usually, they don’t budge until the final quarter of an hour.
This might be the effect of the smaller quota, or the three-week bump in supply, or both. Whatever the case, even if demand slackens off and prices come down in a fortnight, it’s tough to imagine COEs being as cheap as they were at the start of the year again.
Category B – CAR (ABOVE 1600cc): $7,501
UP $2500
52-week high: $19,539
52-week low: $200
Quota: 761
Bids: 1,036
LOOKING AT THE bid ratio, or the number of bids divided by the number of COEs available, it’s easy to see how prices climbed a stuff $2,500. This week the COE was oversubscribed by a factor of 1.36, while late March saw a bid ratio of 1.22.
Indeed, Category B’s quota has been reduced particularly sharply, so unless car sales had completely stalled – which they hadn’t, even at this end of the market – it’s likely that prices would have climbed anyway.
Category E – OPEN: $7,326
UP $1,344
52-week high: $19,389
52-week low: $3,000
Quota: 720
Bids: 1,202
THE OPEN CATEGORY certificate rose ‘just’ $1,344 in price this week, whereas the other Categories climbed more sharply. Prices are capped somewhat by the performance of the other two COEs (and to a great extent, also to that of the certificate for commercial vehicles), but it’s not unusual to see a small price premium with Cat E.
Perhaps this is merely a function of how the supply of Cat E COEs dropped fairly lightly. This week’s quota was 720 pieces, last time out it was 768. Small drop in supply, small climb in price…