|
Post by yanuk on Nov 19, 2008 17:03:11 GMT 8
champion.. all the car dealers make another round of killing this time again.
|
|
|
Post by mars on Nov 19, 2008 21:05:12 GMT 8
yeahz.... heard $2 coe for cat a frm my sis... and i noe the goverment is trying something funny
|
|
|
Post by BluePicanto on Nov 19, 2008 21:17:08 GMT 8
All kena makan by car dealer lo.....
|
|
|
Post by thompson on Nov 20, 2008 9:00:24 GMT 8
not all makan by dealers.... Most would have got their rebates lah... At most, only 1/2 the amount makan by dealers. Although pay less for car now, resale value also lesser.... it's like give some, take some
|
|
|
Post by gentoro on Nov 20, 2008 11:10:31 GMT 8
I heard from my fren - those who get or buy from reputated car dealer (LAST WEEK!) eg. C&C, Kah or Borneo, they would give a rebate of about 10K. Its like striking a 4D 1st prize for the buyer. Instantly getting 10k off the loan.
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Nov 20, 2008 11:57:07 GMT 8
i just collect my car ytd-.- then i heard coe 2 dollar. chui.-.-
|
|
|
Post by yanuk on Nov 21, 2008 0:52:49 GMT 8
i just collect my car ytd-.- then i heard coe 2 dollar. chui.-.- at least when you sell your car you wun chui... those who kenna the $2 COE happy now.. when they sell, they will know the real pain and lose even more...
|
|
|
Post by tutucake on Nov 21, 2008 8:42:35 GMT 8
i just collect my car ytd-.- then i heard coe 2 dollar. chui.-.- at least when you sell your car you wun chui... those who kenna the $2 COE happy now.. when they sell, they will know the real pain and lose even more... But if they use the car for ard 7 or 8yrs... then the $2 COE is super worth it for them lor....
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Nov 21, 2008 11:23:03 GMT 8
i dont understand lei? how come they will chui if they sell
shouldnt they earn more if they sell??
puzzled..
|
|
|
Post by yanuk on Nov 21, 2008 15:35:04 GMT 8
Let's take COE rebate amount to be 6K as example, so this time round, all the buyers get 6K, however, the car price already factor in COE amount to be roughly 12-14K, so you get back 6K now very happy, but the car dealers earn 6 to 8K more happy.
When you sell, dealers will only look at your paper value + body value, never at the original price you buy at. So where will this 6-8K be absorbed into? Ans: your own wallet
|
|
|
Post by BluePicanto on Nov 21, 2008 16:25:15 GMT 8
Those who get $2 coe make ur u gg to keep ur ride long. Else is a super pain in ur a.s.s when u wanna let it go aft 3-4yrs.
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Nov 22, 2008 18:02:14 GMT 8
but if they buy from PI, PI calculate by car price + coe mah if the car for axio is 42k + 2 dollar they earn right?
PI not like big dealers add in COE price de mah
|
|
|
Post by thompson on Nov 22, 2008 20:32:35 GMT 8
Judging from the large number of people bidding for the next round, the COE will likely to rocket high. This time the demand is higher than the supply so lots of people will not be able to bid successfully.
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Nov 23, 2008 20:26:58 GMT 8
i still dont understand why people are saying that 2 dollar coe is bad =(
will appreciate if someone can explain in detail
|
|
|
Post by tErI-yAkI on Nov 23, 2008 23:35:03 GMT 8
i still dont understand why people are saying that 2 dollar coe is bad =( will appreciate if someone can explain in detail Assuming your COE is $30,000, means $3k a year. If you deregister your car after 3 years, you still get back $21k COE. But if your COE is only $2, you will only get back $1.40 when you deregister your car...
|
|
|
Post by psyfool7 on Nov 24, 2008 9:17:46 GMT 8
i still dont understand why people are saying that 2 dollar coe is bad =( will appreciate if someone can explain in detail Assuming your COE is $30,000, means $3k a year. If you deregister your car after 3 years, you still get back $21k COE. But if your COE is only $2, you will only get back $1.40 when you deregister your car... ..I tink tis wld be the more "lay-m an" term to describe this..buy cheap, sell cheap..unless drive long..the best drive until COE expire...
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Nov 24, 2008 20:25:20 GMT 8
However if u buy ur COE 30k means u add 30k into the loan which will result in intrest right?
So if u sell 5 years later u get back 15K but u must pay intrest of 5 years So if u Buy COE 2 dollar sell 5 years later u get back 1 dollar but no need to pay 5 years intrest mah???
and u nv depreciate at all.
|
|
rza
Gear THREE
Posts: 382
|
Post by rza on Nov 25, 2008 12:25:29 GMT 8
i also blur on this until my colleague explain to me...those dealers mostly rebate u back 1/2 only..then they earn 1/2 your coe money for nothing...1 day if all the car dealers gang up make coe $1-$2 everytime...then we all car buyers lugi lo...
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Nov 25, 2008 17:55:19 GMT 8
liddat my friend tan tio loh his friend take car from PI they give him car price without coe + his 2 dolar coe only pay v little..
sian..
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Nov 25, 2008 17:55:38 GMT 8
|
|
|
Post by yanuk on Dec 1, 2008 9:31:26 GMT 8
i still dont understand why people are saying that 2 dollar coe is bad =( will appreciate if someone can explain in detail $2 over liao.. let me try again. For dealers, usually they will advert a car price eg: Cerato $48K Within this 48K they already factor in the cost of COE. that's why you only pay 48K regardless of COE price fluctuation. However, if you break it down 48K can be 30K car body + 18K COE So the dealers got quite a good margin that they wun lose money even if COE goes up to 17K and you still pay 48K. Then come "COE Rebate", they will put like maybe eg:50% of the targetted COE. Let's take 50% of 18K will be 9K. So they put COE Rebate 9K. Anything below 9K, you get to take home. So.. in this round of $2 bid, you take home $8998, very happy. But you paid 48K remember? which consist of 30 + 18, refund 9K means 30 + 18 - 9 = 39K. If you are following me so far, you'll see that you actually paid 9K for the COE factored in by the dealer. However, when you sell the car, dealers will only look at your paper value, which is COE + body value + OMV. Body value is more or less fixed, 2-4K. OMV also fixed on paper. body value let's take 3K as a good figure, OMV 10K after 3-4 years, $2 COE = $1.4, total selling price 3K + $10K+ $1.4 =13K and $1.4 for 'normal' $18K COE = 12.6K total selling price 3 + 10 + 12.6 = 25.6K When selling after 3 years, with a $2 COE, $$ loss = 39K - 13k = 26K with 18K COE, $$ loss = 48K - 25.6K = 22.4K You would have lost $3.6K less by getting a 'more expensive' COE. COE cheaper better is a marketing hype created by car dealers, of course it seems cheaper is better, but nobody look into the future and calculate this way. For me, if the SE says "better book now, or COE will go up next bidding" I told her, "Go up good, higher better" she was like.. .
|
|
|
Post by mars on Dec 1, 2008 12:46:06 GMT 8
wow... nice explaination
|
|
ahjim
Neutral Gear
Posts: 29
|
Post by ahjim on Dec 2, 2008 21:52:00 GMT 8
But like i said they buy from PI the PI calculate Body + COE.
That way its a 100% bargain.
|
|
|
Post by yanuk on Dec 2, 2008 23:06:46 GMT 8
But like i said they buy from PI the PI calculate Body + COE. That way its a 100% bargain. yups.. that's why PI seems cheaper, in a sense they have a more transparent system, but it makes the price fluctuate too much and some people do not like it.
|
|