Repossessed Octavia Tour up for tender

[Koolaba]

Hi all,

 

This thread will interest prospective Octavia Tour buyers who do not intend to pay a premium for a brand new ride.

 

Currently there is a repossessed 4 month old Octavia Tour up for tender. Details:

 

Viewing Venue

Hwa Lian Keat Repossession Service

No 210 Turf Club Road

Lot C21

T: 65137788 / 65137795

 

Last Date of Viewing: 7 Feb 2007 (till 1630)

Closing date for tender: 8 Feb 2007 1300

 

Details of the car

Model: Octavia Tour

Transmission: 4 speed automatic

Colour: Deep Sea Blue Metallic

Year of Manufacture: 2005

Registration Number: SGM 81** J

Date of first registration: 30 Oct 2006

COE: $12989

OMV: $15663

Deregistration value as of 16 Feb 2007: $25523

 

Equipment list:

+ Single tone dark grey leather seats

+ Leather wrapped steering wheel

+ 5 spoke sports rims

+ Locally fitted HU

- No cubic prints on the plastic panels

 

The car is generally in good condition and accident-free.

[Zizou]

looks good. how to bid?

 

who's the finance company?

[Koolaba]

You will be able to collect a complete stack of information on the cars on tender, tender form from the repossession company, Hwa Lian Keat. The finance company is Maybank.

[Prodigysaint]

why kana repossessed ah??

owe bank or kana kantong...

[Beanoyip]

So how much it cost? If below 35k can buy

[Kyousuke]

why don't you go down and ask?

[Koolaba]

Usually the highest bidder will be able to get the car. The guys at the repo shop advised us to "check the market" before making a reasonable bid. Judging by the acceptance of Skoda brand in Singapore, there should be minimal problem getting the car if you bid around $33k. That is equivalent to almost $8k body value.

 

Anyway, this SGM Octavia is the best maintained ride in the entire compound of repossessed cars. Most of the others are fit for the scrap yard.

[Fortress]

And often this is rigged....

[BoneStock]

thanks for the information bro

 

33k for a 4month old car....hmm....sounds like a good deal.

[BoneStock]

just viewed the Octy...it was indeed in very good condition.

 

anyone knows if i am allowed to post some pics here?

[Koolaba]

Hi bro,

 

Photographic equipment is forbidden in the area where the repossessed vehicles are parked. I will recommend not to post the pictures in MCF.

 

What this Octavia needs is a good wash and some touch-ups. It will look as good as new.

[Try_conti]

wah, so fast kena repo ??? SGM only ....

 

looks like economy still very bad man .... wonder what's the story behind ...

[Kahlid]

Anyone managed to place a successful bid, I tried today but bidding has closed since Thursday.

[Try_conti]

definitely won't be me lah ... mine only one alphabet earlier onli .... hiaz, if can wait for a few more months, can get this already instead of paying full price .....

[Virus]

Just curious, does the bidding price include COE?

[Cola80]

Usually the highest bidder will be able to get the car. The guys at the repo shop advised us to "check the market" before making a reasonable bid. Judging by the acceptance of Skoda brand in Singapore, there should be minimal problem getting the car if you bid around $33k. That is equivalent to almost $8k body value.

 

Anyway, this SGM Octavia is the best maintained ride in the entire compound of repossessed cars. Most of the others are fit for the scrap yard.

 

Serious! Can get this for $33k? Can sell mine and get this with some money back and drive for at least 3 more years?

[Koolaba]

Yes. the price includes the existing COE of the car.

[Koolaba]

$33k is my rough estimation. The successful bid price is determined by the bank.