Jusnel 6th Gear September 18, 2006 Share September 18, 2006 just happened to find out this portal for car export from spore... http://www.singaporemotors.net/about.php can search for specifc car models and even can see chasiss nos.... you will find out how cheap cars really are when they are exported out of spore..... 2003 civic is only selling for $12k - $14k 2004 getz only selling for $6k-7k now we all know we all had been fooled into paying so much when we first buy our cars..... how much is the profit margin for these export dealers? any 1 knows how to calculate? ↡ Advertisement Link to post Share on other sites More sharing options...
Carcraze 1st Gear September 18, 2006 Share September 18, 2006 (edited) profit margin, i think it is based on how much they willing to pay u for the 'body' right? for example, recently, been quote 10k for body value. Picnic going for 12-17k(from that website). so take it that my picnic is exported at 13k, profit on exporter will be 3k? Edited September 18, 2006 by Carcraze Link to post Share on other sites More sharing options...
Jusnel 6th Gear September 18, 2006 Author Share September 18, 2006 hmmm, wat u explain makes sense.... yeah maybe based from body value of yr car... its so sad to see how worthless cars really are, when we got to pay so much out in the first place.... i remember 2003 car prices are not cheap! 2003 getz was selling like about $60,000!! and now, export only $6k! so much diff within 3 years??? Link to post Share on other sites More sharing options...
Carcraze 1st Gear September 18, 2006 Share September 18, 2006 (edited) 2003 coe was in the 30-20k region right? to think if it, our cars are actually not that expensive, but we are contributing a lot to other funds. firstly COE, then taxes, and don't forget- agents Mark Up (they also want to make profit). Haiz, sad to see the export prices thou. i guess we've got to live with it... Edited September 18, 2006 by Carcraze Link to post Share on other sites More sharing options...
Jusnel 6th Gear September 18, 2006 Author Share September 18, 2006 yeah lor.... tats wat i meant by kena fooled by some system we have here..... how i wish i living in some other country and i will buy spore export cars to drive.... Link to post Share on other sites More sharing options...
Carcraze 1st Gear September 18, 2006 Share September 18, 2006 yea, imagine we pay so much for it, but they pay the price of a 10yo or older car for a 3yo. lucky ppl. any idea where our rides get's exported too? i know my dad's G9 went to pakistan 2yrs ago. Link to post Share on other sites More sharing options...
Atlantis_boi Clutched September 18, 2006 Share September 18, 2006 I remember Genie did mention b4 in a thread that the exporters are making huge fat profits by quoting us a low body value & sell overseas buyer at a much higher price Link to post Share on other sites More sharing options...
Atlantis_boi Clutched September 18, 2006 Share September 18, 2006 Various countries (My guess are those 3rd world countries) wherever there is demand, the cars will go there. Link to post Share on other sites More sharing options...
Nine_eleven 2nd Gear September 19, 2006 Share September 19, 2006 (edited) ur correct. the rest we get back is the paper value of the car... Edited September 19, 2006 by Nine_eleven Link to post Share on other sites More sharing options...
Lorrliew Neutral Newbie September 19, 2006 Share September 19, 2006 Not necessary 3rd world, for example I know many of the conti brands goes to New Zealand. Did you bros here not realised we are actually paying a huge deposit (and intrest free) when we buy our cars, that's why we get our 'paper value' back when we sell our car. The actual balance value of car is the body value which range from $1-$30k depending on the make, age, etc. The same reason (in addition to the high import tax of car) why cars here are so god damn expensive. Link to post Share on other sites More sharing options...
Sofarsogood Clutched September 19, 2006 Share September 19, 2006 Look at the number of SF* series! They are newer than my car!! Link to post Share on other sites More sharing options...
Bentwy Neutral Newbie September 19, 2006 Share September 19, 2006 ehhh. not surprising what. our car cost is 70% taxes like ARF, COE, custom duty and GST. when cars are exported all these taxes 'disappear' from the cost of the car. No kidding. go to LTA website to check it out. Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear September 19, 2006 Share September 19, 2006 just happened to find out this portal for car export from spore... http://www.singaporemotors.net/about.php can search for specifc car models and even can see chasiss nos.... you will find out how cheap cars really are when they are exported out of spore..... 2003 civic is only selling for $12k - $14k 2004 getz only selling for $6k-7k now we all know we all had been fooled into paying so much when we first buy our cars..... how much is the profit margin for these export dealers? any 1 knows how to calculate? Wah, the profit margin for these exporter is really high. Thansk for the link, now I know how much I can ask for my trade in car. Of course, they will need to earn, what we can sell will definitely lower than the price listed there but not as low as zero value or most of time below 50% of the price quoted. sxxt, a lot of dealers said that the car body of our current car worth nothing Link to post Share on other sites More sharing options...
Lorrliew Neutral Newbie September 19, 2006 Share September 19, 2006 But you also need to understand that thier high margin also covers the risk and interest cost of holding the cars for many months before they find a buyer or if no buyer then need to scrap/export. Link to post Share on other sites More sharing options...
KapitanE 1st Gear September 19, 2006 Share September 19, 2006 yeah lor.... tats wat i meant by kena fooled by some system we have here..... how i wish i living in some other country and i will buy spore export cars to drive.... Let us breakdown the components of car pricing here in Singapore; starting with OMV, which is Open Market Value, i.e., the price of the car, plus CIF of shipping the car to our local shore.... typical for a Japanese 1.6 litre; of which information could be downloaded here; http://www.onemotoring.com.sg/publish/onem...Cost_200608.pdf Average OMV = 18924 Registration Fee (RF) = 140 Custom Duty (20% of OMV) = 3785 GST (5% OMV) = 1135 Additional Registration Fee (110% OMV) = 20816 Certificate of Entitlement (1st Tender 08/06) =12501 Road Tax (normally agent pay 1st 6 mths) = 474 (Fomula is $500 + 0.75 x (EC Link to post Share on other sites More sharing options...
Vesfreq Neutral Newbie September 19, 2006 Share September 19, 2006 Some dealers also quite smelly. Before car dereg for export, drive like personal ride, while trying to sell back to Singapore market. Worse still, post ad for sale without any info on car mileage. Whether car sell back to local or foreign market, the dealer make and benefit. Unless live overseas, I also don't mind buying Singapore export cars. hehehe. Link to post Share on other sites More sharing options...
Lorrliew Neutral Newbie September 19, 2006 Share September 19, 2006 Agree , there is always 2 sides of a coin loh! Cheap car, bad traffic; High cars price, better traffic flow. Better be in US, Australia, NZ,etc where land is in abundance, but not in city area. I recalled driving in NZ for 4hrs without seeing another car, only can see sheeps Link to post Share on other sites More sharing options...
Ahyoo2002 2nd Gear September 19, 2006 Share September 19, 2006 I know they have their risk and operating cost, but then buying in our car for a few hindred dollar and sell it for a few thousand? Or maybe, the car dealer that take in my car also earn quite a fair bit too? ↡ Advertisement Link to post Share on other sites More sharing options...
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