Second Hand Car Dealers' Admin Fee

[Raytham]

  On 10/13/2011 at 11:18 AM, Sibon said:

ya, that is what i am going to do, seize their assets...

 

By the way, also found another complaint on Creative Auto

http://flowerpod.com.sg/forums/Lousy-Servi...er-t104985.html

 

http://www.sgcarmart.com/used_cars/info.ph...792&DL=1277

 

Very creative indeed. CVVT becomes CCVT luckily not CCTV. 90+BHP becomes 110BHP which is the 1.6 Version instead.

[Peiwen82]

before u pay admin fee always check for the price u are paying... if the price they are selling you is $3k below market price y not pay a $500? if they are selling you at market price DO NOT pay a single cent of admin fee and also ask for more discount! always check properly before you buy a car or a house or any high value item... do some research on the internet its very fasy and easy... like some property thats selling above market price $50K but no need topay agent fee.... u wanna pay agent fee of $5K or pay extra $50k? its the same logic no matter you pay or no pay all admin fee is already inside the car price liao... just remember to do research and buy at a cheap price...

[Peiwen82]

  On 10/15/2011 at 7:58 AM, Camrytron said:

i think he charge u reasonable,with now 2nd hand car in bloom,they can easily charge u $500 above..

 

moreover car he sell u good price..

 

$285 to buy a services..be happy & look 2wards your collection of the car..

 

 

most important the price u buy is at market price... not kana chop head price... 2ndly the car is in good cond.... 3rdly u are happy! $285 is nothing...

[Fat_cat]

My problem is I was not told to pay such kind of processing fee. After I paid deposit, they asked for 2k+processing fee....

It will be always OK if they highlight it in agreement. And I also do not mind pay for services. But it is kind of cheating to charge it after deposit and they like randomly quote.

Edited November 27, 2012 by Fat_cat

[Greytis]

For me, If that dealer give a good discount and a good service. I'll pay a MAX of $300.

They are earning a living also..

Fm what i know admin fee is Company half, Salesman half...

[Riceracer]

Just tell them whatever amount you offer is final and they can charge $10,000 admin fee or whatever fee they want including their rental, commission, tax, mistress allowance, coffee money, football money etc etc. Remember there is always another car, another dealer available. Unless that car you're buying is the only piece in Singapore then no choice and suck thumb. Loan and insurance are your prerogative and you are free to choose. They should give rebate like A.D. when you take up their in-house finance or insurance and not the opposite

[Fat_cat]

  On 11/27/2012 at 10:04 AM, Riceracer said:

Just tell them whatever amount you offer is final and they can charge $10,000 admin fee or whatever fee they want including their rental, commission, tax, mistress allowance, coffee money, football money etc etc. Remember there is always another car, another dealer available. Unless that car you're buying is the only piece in Singapore then no choice and suck thumb. Loan and insurance are your prerogative and you are free to choose. They should give rebate like A.D. when you take up their in-house finance or insurance and not the opposite

 

Brother, I totally agree with you. Now I offer them 400bucks and no any more advance payment....shutting down my hp for any negotiation and waiting their feedback. Will update your guys process as reference experience for brothers who are going to buy a car.

[Goldenvodka]

By the way guys

 

Any good ice installer? Planning to install my precious ride'a pioneer double din to my 159. If steering controls is working it will be great !

[Mercs]

  On 4/16/2013 at 4:30 AM, Goldenvodka said:

By the way guys

 

Any good ice installer? Planning to install my precious ride'a pioneer double din to my 159. If steering controls is working it will be great !

I thought this thread talking about admin fee?

 

You revive a last year thread to ask about Ice?

Edited April 16, 2013 by Mercs

[Goldenvodka]

Paiseh. Posted into wrong thread.

Edited April 16, 2013 by Goldenvodka

[Shelltoxin]

if you look through bank loan agreement carefully you may find hidden such clauses:

 

This is called the arrangement fees

"If the Hirer's application for financing is successful, the Hirer agrees to pay prior to the commencement of the hiring, an arrangement fee of 0.5% of the principal amount as stated in Item IV(F)of the Schedule. The Owner may change the percentage of the arrangement fee at any time without prior notice of the Hirer."

 

Even HDB charges you an admin fee .

 

 

So at the end of the day, don't be naive that banks don't charge you. They are all hidden in the additional lump-sump payment when you settle your finance .

The overhead for Banks and finance company are 1000 times more then the small time car dealers.

[Shelltoxin]

I found this in another hire purchase agreement which a friend had:

 

Early settlement shall be calculated with the following method: DXBXS

 

where D :Original loan amount/original loan tenure in months

B :Unpaid loan tenure in months

S :1.06(1+6%,where 6%comprises of a 3% prepayment fee and a 3% processing fee)

 

So next time when you full settle make sure you asked the banks about their processing fees too

 

[Jeronamo]

so with this said, ppl paying full payment without loan shld not need to pay any admin fee?

[Ry0suk1]

Can anyone help me?

paid the admin fee($500) as the price for the car is quite low itself.

just brought a 2nd hand car, and the dealer told me that the insurance cost around 2k. and written to be quoted.

when I reach home I check online then I notice for my insurance I can get around 1.5k only..

can I still withdraw my deposit if they insist I take the insurance they offer me?

[TJX]

Tell ur dealer u have lower quote and ask him to get from tat insurance company. Usually they have a panel of insurance co to chose from. Mine gave me a few quotes to compare.

Edited May 13, 2013 by TJX

[Leijasper]

  On 5/13/2013 at 10:37 AM, Ry0suk1 said:

Can anyone help me?

paid the admin fee($500) as the price for the car is quite low itself.

just brought a 2nd hand car, and the dealer told me that the insurance cost around 2k. and written to be quoted.

when I reach home I check online then I notice for my insurance I can get around 1.5k only..

can I still withdraw my deposit if they insist I take the insurance they offer me?

 

 

$ in their pocket, it won't comes back anymore honestly.. Can nego wit ur salesman to pick ur own insurance.. Prob gotta top up $100 to him to cover him as he don't earns fr ur insurance Liao.. If fren fren, den of course can talk :) Arbo market is $100.. The reason y sometime they gave u high quote is becos the more u paid, the higher his com.. Anyway 2nd hand car is not like new car, can purchase ur own insurance unless agreement states so which is actually pretty unlikely.. But in any circumstances u cancel the sale, ur deposit is good the bye for sure Liao.. Unless ur loan not approve den diff story Liao :) hope it helps..

[Mits_jc]

Written to be quoted does not mean die die must get from them right? For my second hand car the dealer quote me but in the end I got it myself, but before that oso paid the b-------t admin fee.

 

  On 5/13/2013 at 10:37 AM, Ry0suk1 said:

Can anyone help me?

paid the admin fee($500) as the price for the car is quite low itself.

just brought a 2nd hand car, and the dealer told me that the insurance cost around 2k. and written to be quoted.

when I reach home I check online then I notice for my insurance I can get around 1.5k only..

can I still withdraw my deposit if they insist I take the insurance they offer me?

 

[Ry0suk1]

  On 5/13/2013 at 11:40 AM, Leijasper said:

$ in their pocket, it won't comes back anymore honestly.. Can nego wit ur salesman to pick ur own insurance.. Prob gotta top up $100 to him to cover him as he don't earns fr ur insurance Liao.. If fren fren, den of course can talk :) Arbo market is $100.. The reason y sometime they gave u high quote is becos the more u paid, the higher his com.. Anyway 2nd hand car is not like new car, can purchase ur own insurance unless agreement states so which is actually pretty unlikely.. But in any circumstances u cancel the sale, ur deposit is good the bye for sure Liao.. Unless ur loan not approve den diff story Liao :) hope it helps..

 

He earn a $500 admin fee still wan earn me insurance isnt it too much?