COE and Car Prices

[paullow]

thats why more n more pple are investing in old car plates. a 30y old nice 2 digit number can cost as much as 50k. check out some websites n u can see. older plates eg su11h going for 150k. s11t 1million also not selling... car cannot go withou a number plate. so car is liability but collectable old number plate an asset. seems more pple r doing so.

[Stockerman]

Would like to ask for some guidance:-

if a car is being used to the end of its COE life span, how much can the owner get back at the end? (i.e. scrap the car). Is it the OMV ?

Tks.

[HitandRun]

Would like to ask for some guidance:-

if a car is being used to the end of its COE life span, how much can the owner get back at the end? (i.e. scrap the car). Is it the OMV ?

Tks.

No. PARF is 50% of OMV if car is between 9 and 10 years old.

PARF

[paullow]

u can login to onemotoring website to find out ur parf/coerebate. but ur car body would be worth some money also dep on make n type. for 8-9yrs car, harder to get direct buyer because more cash needed upfront. so normally car go for export. best to call a few dealers to get a better price. the key is dun rush. pple who rush tend not to get best deal for ths sort of thing.

[chialc]

One Motoring website

[Stockerman]

One Motoring website

Vehicle Model: COROLLA ALTIS 1.6 AUTO
Primary Colour: Black
Manufacturing Year: 2006

Open Market Value: $15,355.00
Original Registration Date: 03 Jan 2007
First Registration Date: 03 Jan 2007
Transfer Count: 0
Actual ARF Paid: $16,891.00
Intended PARF Rebate Details
PARF Eligibility: Yes
PARF Eligibility Expiry Date: 02 Jan 2017
PARF Rebate Amount: $8,445.00
Intended COE Rebate Details
COE Expiry Date: 02 Jan 2017
COE Category: A - Car (1600cc & below)
COE Period(Years): 10
QP Paid: $9,605.00
COE Rebate Amount: $2.00
Total Rebate Amount: $8,447.00
The information contained herein is correct as at 14 Jan 2013

Is $8447 what I would get back if I sell back my car to the original dealer?Thank you.

[paullow]

no. u forget to add the body value.

[Underdogger]

no. u forget to add the body value.

Thank you.
How much roughly will the car body worth? 5 to 6K?

[LionFlyer]

no. u forget to add the body value.

Thank you.
How much roughly will the car body worth? 5 to 6K?

only the scrap yard can advise you, as this is determine by supply and demand. give them a call.

[Musicwhiz]

Wonderful. Say hello to $100,000 COEs very soon! Soon a car will cost as much as a 4-room BTO flat!

The Straits Times
www.straitstimes.com
Published on Jan 15, 2013
Shrinkage in car COE supply continues for February to July quota period

By Christopher Tan

The number of certificates of entitlement (COEs) available to car buyers will shrink yet again for the February to July quota period, as widely expected.

The Land Transport Authority released the new figures Tuesday, stating that there will be 3,211 COEs available per month in the next six months. Although this is just slightly fewer than the 3,226 a month available from August 2012 to January 2013, the reductions are more significant for cars.

For Category A (cars up to 1,600cc), the monthly quota is 667, down from 786 previously. For Category B (cars above 1,600cc), the supply drops from 701 to 605. In the Open category, used almost exclusively by car COE bidders, the monthly supply drops from 485 to 476. In all, car bidders will have 11 per cent fewer certificates per month.

On the other hand, commercial vehicle and motorcycle buyers will see an increase in their COE quotas. There will be 451 COEs a month for commercial vehicles in the next six months, up from 360. And motorcycle certificates will number 1,012 a month, up from 894.

The new quota takes into account a new cap on annual vehicle population growth. The rate now is 0.5 per cent, down from one per cent between August 2012 and January 2013, and 1.5 per cent between February 2012 and July 2012. Observers said the supply shrinkage in car COE supply will almost guarantee premiums breaching $100,000 in the coming months.