Aussie Pete II Toyota Wish

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Toyota wish makeover

COE ‘Uniquely Singaporean’? – Your Jaw Is To Drop To The Floor!

By Aussie December 9, 2010 1:44 am

COE Bidding Results

One of the biggest items to come out of Singapore is the latest COE bidding results. the experts didn’t predict a huge increase. For small (1600cc and below), the price is now For cars above 1600cc, a whopping S$62,502 .

For local COE is something everyone’s used to. But the cost with the already inflated price for a motor perhaps it’s difficult to how this stacks up dollar-for-dollar (or – the pun, pound-for-pound) against the of a car in other countries.

Firstly, a of disclaimers:

1. I have always believed that it wouldn’t be to (publically) compare cost of between Singapore and Australia. a foreigner moves into a new it’s important to take the with the bad. There’s no complaining for example, that the of beef is two or three times of down under… because I could flip it and say that the of prawns is one-third of what be paying in Australia. The list is However, with the enormous in motor vehicle pricing, with the latest COE results, the I’m about to draw are merely to put the of owning a car in Singapore into perspective – as the title says, will make your jaw to the floor.

2. When making the observations and the costs and statistics, many may well say that with the rate difference and the current of the Australian dollar, that is not a true apples to apples This would be true to extent, but I must point out one should think of the numbers in of median household income in to the cost of the vehicles in each This in fact, not only what I am trying to convey, but the numbers all the more scarier especially when you take account the very seemingly ‘luxury’ tax placed on the high-end in Australia.

To all non-Singaporeans or those that are not the COE is somewhat ‘uniquely Singaporean’ there are variants of the process in cities and countries across the I won’t even try to explain the of it in this article. So in an attempt to COE is an acronym for ‘Certificate Of Entitlement’. It is a that needs to be attached to motorized vehicle in Singapore, and has a validity. The cost of the COE is variable on a number of factors, and the process to one is through a bi-monthly bidding (not too unlike an auction). In to drive a car in Singapore, one must a valid COE attached to their so one should consider the cost as a before the value of the car is even into account. It’s my that one of the major reasons the COE and the bidding process, is to ensure the number of vehicles on the road is to a manageable number – remember, is only relatively small and has a large population density. at each bidding event, is a strict quota on the number of for whuch the COE can be purchased. As with any or procurement event, demand and play a big part – the less is of something and the more people to buy it, there will generally be a correlation to a price increase.

OK, so that’s the background – now for some numbers before I fulfill my and shock you enough to make jaw drop…

Firstly, I have the numbers from the OneMotoring for the 1600cc category COE bidding starting with the first one in 2009. The reason I have this particular category, is our car (Toyota Wish ) is a 1.8L – on the below, you can see when we purchased our car in 2009 (signified by a red coloured I can safely say that we were lucky to buy when we did, we were tempted at the time to hold off until the prices down – in actual fact, the has increased dramatically.

The first chart is the COE price January, 2009 through to the bidding just today.

COE

The second chart is the quota of available at each bidding the same period (note a

COE Quota

With COE included S$16,000 at the time), we bought our Wish for approximately $80,000 (on the NB: road tax is around $1,000 a for this size car.

after a little bit of research, the shock factor. Get ready for it…

if the COE at that time in August year when we bought our car was it is now, the total cost to would have been in of $126,000 .

7 seater toyota wish white background

Let’s see what our money and the of other successful COE bidders could buy in Australia.

For the cost of the COE (before you even look at the car you could have bought

A BMW 320d Lifestyle Sedan (on the registered and including luxury

A Mercedes C220 CDI C-Class (on the road, registered and including tax):

But wait – there’s more!! For the price of a Toyota on the road and including today’s COE you could have bought

A BMW 330d Convertible (on the road, and including luxury tax):

A E250 CDI Cabriolet Coupe (on the registered and including luxury

Still not surprising enough… check this out!!

If choice is to buy a car in the 1600cc category and then for the cost of your COE you could have bought any of the following small cars in drive away, on the road is just a sample – there are more manufacturers and models that’s right, no need to for the glasses – you read my words ANY THREE OF THE FOLLOWING CARS:

2011 Nissan Versa:

Toyota wish makeover


7 seater toyota wish white background
Toyota wish makeover

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