Hungee Neutral Newbie February 20, 2009 Share February 20, 2009 Hi All, Just curious ... wonder those low price cars, if gonna reg as OPC & CNG, how LTA calculate ... For Example. Hafei Minz 1.1L Manual - OMV in LTA webby is abt $5,400. After CNG rebate 40% of OMV, new OMV = $3,200. Assumming COE is $4,000. OPC rebate $17,000. So $17,000 - $4,000 (COE) - $3,200 (rebated OMV) = - $9,800 Means what ? owner take back money ah ? Does that also means ZERO scrap value (except maybe some $$ for body). Cheers ↡ Advertisement Link to post Share on other sites More sharing options...
Chongsf 1st Gear February 20, 2009 Share February 20, 2009 Hi All, Just curious ... wonder those low price cars, if gonna reg as OPC & CNG, how LTA calculate ... For Example. Hafei Minz 1.1L Manual - OMV in LTA webby is abt $5,400. After CNG rebate 40% of OMV, new OMV = $3,200. Assumming COE is $4,000. OPC rebate $17,000. So $17,000 - $4,000 (COE) - $3,200 (rebated OMV) = - $9,800 Means what ? owner take back money ah ? Does that also means ZERO scrap value (except maybe some $$ for body). Cheers For OPC cars, LTA will take $17,000 first from COE followed by OMV. If still not enough to make up the $17,000, car owners have to top up cash. For your case, you have to top up $9,800. Correct me if I am wrong. Link to post Share on other sites More sharing options...
Starengine Neutral Newbie February 20, 2009 Share February 20, 2009 in that case, rebate will only be 7K+ instead of 17K (17K is "up to", not fixed). Link to post Share on other sites More sharing options...
Tkseah Turbocharged February 20, 2009 Share February 20, 2009 For OPC, if the COE + OMV is less that $17k rebate.. then paper value = $0 Link to post Share on other sites More sharing options...
Hungee Neutral Newbie February 20, 2009 Author Share February 20, 2009 For OPC cars, LTA will take $17,000 first from COE followed by OMV. If still not enough to make up the $17,000, car owners have to top up cash. For your case, you have to top up $9,800. Correct me if I am wrong. aiyo ... then got to choose wisely to ensure COE+OMV to be as close as $17K rebate ... Link to post Share on other sites More sharing options...
Limkopi Neutral Newbie February 20, 2009 Share February 20, 2009 For OPC, if the COE + OMV is less that $17k rebate.. then paper value = $0 Like that is like buying commercial vehicle, no residual value for car. I supposed road tax rebate also help. Link to post Share on other sites More sharing options...
Furrynadz 5th Gear February 20, 2009 Share February 20, 2009 For OPC cars, LTA will take $17,000 first from COE followed by OMV. If still not enough to make up the $17,000, car owners have to top up cash. For your case, you have to top up $9,800. Correct me if I am wrong. wth [sweatdrop] [sweatdrop] Link to post Share on other sites More sharing options...
Mingsect 5th Gear February 20, 2009 Share February 20, 2009 Hi All, Just curious ... wonder those low price cars, if gonna reg as OPC & CNG, how LTA calculate ... For Example. Hafei Minz 1.1L Manual - OMV in LTA webby is abt $5,400. After CNG rebate 40% of OMV, new OMV = $3,200. Assumming COE is $4,000. OPC rebate $17,000. So $17,000 - $4,000 (COE) - $3,200 (rebated OMV) = - $9,800 Means what ? owner take back money ah ? Does that also means ZERO scrap value (except maybe some $$ for body). Cheers what's the list price of a opc hafei 1.1 fitted with cng ? Link to post Share on other sites More sharing options...
Arowana1 1st Gear February 20, 2009 Share February 20, 2009 Hi All, Just curious ... wonder those low price cars, if gonna reg as OPC & CNG, how LTA calculate ... For Example. Hafei Minz 1.1L Manual - OMV in LTA webby is abt $5,400. After CNG rebate 40% of OMV, new OMV = $3,200. Assumming COE is $4,000. OPC rebate $17,000. So $17,000 - $4,000 (COE) - $3,200 (rebated OMV) = - $9,800 Means what ? owner take back money ah ? Does that also means ZERO scrap value (except maybe some $$ for body). Cheers have u tried asking some SE to calculate the 17k offset? ended everyone got confused and disagreed. cant imagine u throw in cng rebate haha can u guys comments on this? opc car is 21k, omv 10k, coe peg at 4k. if next bidding get coe, say 6k, 2k will be rebate back to buyer. if coe is 2k, buyer no change. for the life of me, i cannot understand tis arrangement. i thot as long as coe under 7k, every happy, only lta face black black. there should not be coe peg at 4k, instead it can be limited to max 7k. Link to post Share on other sites More sharing options...
Nkps 1st Gear February 21, 2009 Share February 21, 2009 For OPC cars, LTA will take $17,000 first from COE followed by OMV. If still not enough to make up the $17,000, car owners have to top up cash. For your case, you have to top up $9,800. Correct me if I am wrong. u r RIGHT. Link to post Share on other sites More sharing options...
Arowana1 1st Gear February 21, 2009 Share February 21, 2009 u r RIGHT. i dun tink need to top up till 17k rite? 17k is rebate, to be offset by the coe, followed by arf. as with any rebate, unused portion cannot be encashed, hence considered gone /used. but no top up need as far as i understand from the policies of opc in onemotoring.com.sg Link to post Share on other sites More sharing options...
Hungee Neutral Newbie February 21, 2009 Author Share February 21, 2009 what's the list price of a opc hafei 1.1 fitted with cng ? Dunno the selling price of Hafei, just happen to see it's one of the lowest OMV car in LTA webby ... so take it as the model for calculation :) Link to post Share on other sites More sharing options...
Bigoceanm Neutral Newbie February 21, 2009 Share February 21, 2009 i dun tink need to top up till 17k rite? 17k is rebate, to be offset by the coe, followed by arf. as with any rebate, unused portion cannot be encashed, hence considered gone /used. but no top up need as far as i understand from the policies of opc in onemotoring.com.sg well, buy OPC still wan CNG for such a low price car? u asking for it, dun save the 17k rebate la. gahmen also know this, think got scratched their heads, so coupling with the saturday usage, think they will reduce the 17k rebate to say 13k only. actually at low COE (below 5k), y bother to buy OPC? jus get a normal car will do, else you will see your PARF value being cut!!! gahmen give u something, u think they will lose out??? NO!!! in the end u suffer more. the OPC hafei may end up ZERO PARF value!!! Link to post Share on other sites More sharing options...
Tzhao Neutral Newbie February 21, 2009 Share February 21, 2009 u r RIGHT. I m agree wth you Link to post Share on other sites More sharing options...
Phang79 Neutral Newbie February 21, 2009 Share February 21, 2009 I m agree wth you What's all this about you are right, I agree with ya? If COE + OMV is <17k, the paper value will be zero. Top up for what?! (Those who agree earlier pls kindly enlighten) Straight forward. And why does a 1 litre car need CNG? Go green? Link to post Share on other sites More sharing options...
Phang79 Neutral Newbie February 21, 2009 Share February 21, 2009 For OPC cars, LTA will take $17,000 first from COE followed by OMV. If still not enough to make up the $17,000, car owners have to top up cash. For your case, you have to top up $9,800. Correct me if I am wrong. Ya first sentance is right only The 17k is a rebate, not penalty! Why the need to top up to 17k?! It's not gonna add to ya paper value anyway!!! When it's more than enough to offset COE and OMV, then you pay nothing (lugi the difference). If not enough, then you top up the difference. Link to post Share on other sites More sharing options...
Nkps 1st Gear February 21, 2009 Share February 21, 2009 What's all this about you are right, I agree with ya? If COE + OMV is <17k, the paper value will be zero. Top up for what?! (Those who agree earlier pls kindly enlighten) Straight forward. And why does a 1 litre car need CNG? Go green? if COE + OMV is less than 17K, you need to top up the difference ↡ Advertisement Link to post Share on other sites More sharing options...
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