If you’re still waiting to pull the trigger to get your brand new ride… and you’ve been telling yourself that “soon”, the COE will correct… well, should you pull the trigger "soon"? So having spoken to many people from the dealerships who are directly involved in putting in the bids every fortnight… also with industry veterans… even “insiders” who directly participated in the dialogue with LTA, I think I might have just the answer. By the way, if you want to meet me in person to ask for advice and seek my opinions on your impending EV purchase, this is your chance. Register yourself at the link here. It’ll be on 29 Aug (Sat) from 10am to 1pm. https://forms.gle/UNqrAjUCVdVLQj6e9 ━━━━━━━━━━━━━━━━━━━━ 🤝🏼 If you wish to collab with me in a future video, feel free to email me at [email protected] ━━━━━━━━━━━━━━━━━━━━ 00:00 - Will COE Prices Fall in 2026 or 2027? 02:08 - Why COE Prices Stayed High? 07:37 - Blame PHV and Rental Companies for High COE? 09:27 - Blame EV Dealerships for High COE? 12:05 - Blame Government for High COE? 21:18 - Buy a New EV in 2026 or 2027? #COE #PARF #CertificateofEntitlement #EV
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Cooling measures: car dealers are not allowed to help bidding for private car. Only SingPass allow. If found helping , jail term. Only rental companies allow bid their companies cars. Rental not allow to sell back to private car ….
Phvs are just taxis and should be in the taxi category. But govt wants to make more money.
Last year was the final year for hybrid incetives pushing sales up for that category and also before new PARF structure kicks in this year, so it was a double whammy. In 2026, it is final year for buyers to grab up to $30K savings from EV adoption incentives and govt introducing revised Vehicular Emissions Scheme (VES) surcharges (ranging from S$7,500 to S$25,000 depending on pollutive bands) for purchasing internal combustion engine vehicles (creating another double whammy). Don't think the COE will drop below $100K anytime soon. Govt should remove rental car companies from bidding against individual buyers.
i blame myself for being a Singaporean, i envy jiu hu kia.
COE system can potentially emulate our real estate policies: 1. Split it into private and commercial. (PHV will be under commercial cat., coz the car is being used for commercial purpose). 2. Foreigners will pay ABSD like how foreigners buy real estate in Singapore. 3. Second car in the same household will pay first tier ABSD, third car will pay more, etc. 4. Don't allow distributors to earn from the COE financing. This is to prevent the gaming of the system where distributors bid high COE prices to earn from the commissions they will receive from buyer's higher financing amount.
8:13 hits the nail.
Allowing only car owners/purchasers to bid for COE should bring the prices to a sensible level, by doing so allows pure market demand prices rather than senseless dealers’ driven prices. Car loan should be limited to car prices and maybe a small fraction (not more than 50%) of the COE. In other words, 50% of COE bid must be fulfilled by cash payment by the purchaser.
it is not going to come down anymore. even if it drops, the existing car owner will redeem their current COE, and buy a new car instead, so it is not likely COE will drop any time soon or at all. LTA is laughing all the way to their account. Govt has no interest to let COE frustrate too much, so keep it as it is is their best interests and pocket 8-9B a year, may be 10B in 2026.
Sorry i stopped watching after mention it is not G fault. As I strongly believe it is their fault especially for introducing 2 layers of charges. Road usage and ownership. If you want to be fully neutral in your comments, suggest not to say yes and no for first 2 groups but say no for the last group.
Thanks!
A balanced take on the COE situation. There are just too many COE experts out there "seems to know what will happen", for a potential car buyer like me, which has a deadline in 2028, I am still seesawing on what to do every single COE cycle. Haha!
2027 nov and dec will be the last boat before coe goes up again.
I remember when Minister of Transport just newly appointed, the $40k EV subsidy was suddenly cut short to end in 6 months time. The COE suddenly surged from below 100k to around 120k, and then it went to 130k and never came down!! GOVT is mainly to be blamed!! The frantic rush to buy their CV before the 40k subsidy was done!
Colin I thought you are driving a BYD? How come need to take public transport if you don't have the Peugeot?
Is that the hyptec ht. Review when??
COE is like HDB lease, only up never down.
Since we are on the topice of new ideas, what if we remove all subsidies for people with cars since they are rich enough and since now the govt is building lots of homes near the MRT that the older generation have no priorty access to, we can introduce a tax on people staying near mrt buying a car and allow people staying in far-flung places to buy at lower coe? This can help level demand
I'm really lucky to renew my 10 year coe back then in 2020. Shall wait and see what will happen in the near future. Great video.
The presentations are authentic, objective, data based. Truly Singaporean practical tone. 1000% solid endorsement.
Thanks