At3li3r Neutral Newbie March 14, 2011 Share March 14, 2011 I doubt any institution will loan you the money as there is no collateral involved in this process. Auction works like any other auction. Highest bid amount wins by the stipulated time and date of the auction, subject to reserve price being met. You'd probably have to pay an initial registration fee (refundable if bid is unsuccesful, usually $2k or more depending on the bid amount). You have to settle the outstanding total of the final bid price with any other percentage add ons (buyer premium of ?% in addition to highest bid amount - check with auctioneer before committing) within 48 hours via TT or cash. Cheque payment is subject to clearance time. Most importantly, you gotta know what you're buying + know the condition of the vehicle and expected repairs at the time of purchase. Quite risky if you don't know what you're doing. Hope it helps. Ok...But how do i know what the minimum price? How do i also know the expected repairs will be required also? Like that seems very tough to get it ↡ Advertisement Link to post Share on other sites More sharing options...
Mllcg 3rd Gear March 14, 2011 Share March 14, 2011 I doubt any institution will loan you the money as there is no collateral involved in this process. Auction works like any other auction. Highest bid amount wins by the stipulated time and date of the auction, subject to reserve price being met. You'd probably have to pay an initial registration fee (refundable if bid is unsuccesful, usually $2k or more depending on the bid amount). You have to settle the outstanding total of the final bid price with any other percentage add ons (buyer premium of ?% in addition to highest bid amount - check with auctioneer before committing) within 48 hours via TT or cash. Cheque payment is subject to clearance time. Most importantly, you gotta know what you're buying + know the condition of the vehicle and expected repairs at the time of purchase. Quite risky if you don't know what you're doing. Hope it helps. the colleteral is the car u want to bid for. once u bid it, its yours and thus can be used for colleteral Link to post Share on other sites More sharing options...
Mona-vie 1st Gear March 15, 2011 Share March 15, 2011 I don't mind buying if its cheap. Cause the damage is light and definitely repairable. Link to post Share on other sites More sharing options...
Ichibawa 5th Gear March 15, 2011 Share March 15, 2011 Just download the forms at the lower portion of the page, write your particulars and submit your bid. If you are the winning bidder, they will contact you and give you 7 days to pay your bid amount. You will be liable for penalty if you did not make full payment in the specified time. Link to post Share on other sites More sharing options...
Lethalstrike Turbocharged April 8, 2011 Author Share April 8, 2011 (edited) As expected, damaged Civic Type R lands in the hands of a dealer and has been resurrected. Now going for $109,888 with brand new vented bonnet. Same Reg Date, COE and OMV. Swee swee boh beh chao. Edited April 8, 2011 by Lethalstrike Link to post Share on other sites More sharing options...
Acerchan2002 Clutched April 8, 2011 Share April 8, 2011 As expected, damaged Civic Type R lands in the hands of a dealer and has been resurrected. Now going for $109,888 with brand new vented bonnet. Same Reg Date, COE and OMV. Swee swee boh beh chao. If you guys notice, one of the pole light is spoilt Link to post Share on other sites More sharing options...
Siewss 1st Gear April 8, 2011 Share April 8, 2011 If you guys notice, one of the pole light is spoilt Is that HID, or Halogen? Link to post Share on other sites More sharing options...
Lethalstrike Turbocharged April 9, 2011 Author Share April 9, 2011 wah ...wonder howmucn the bid close at ....60+ k ????????? Bro, $55k from the auctions as mentioned by a few bros in the earlier posts. Link to post Share on other sites More sharing options...
Acerchan2002 Clutched April 9, 2011 Share April 9, 2011 Is that HID, or Halogen? Halogen..All the FD1, FD2 comes with HID with yellow pole light. Should replace to led to match the HID color. Link to post Share on other sites More sharing options...
Branteo Clutched April 10, 2011 Share April 10, 2011 As expected, damaged Civic Type R lands in the hands of a dealer and has been resurrected. Now going for $109,888 with brand new vented bonnet. Same Reg Date, COE and OMV. Swee swee boh beh chao. Call up William and 'humbly enquire' lah! Accident fee? Auction car? How many owners? http://www.sgcarmart.com/used_cars/info.ph...034&DL=2191 Link to post Share on other sites More sharing options...
Nf0rc3r 1st Gear April 10, 2011 Share April 10, 2011 Call up William and 'humbly enquire' lah! Accident fee? Auction car? How many owners? http://www.sgcarmart.com/used_cars/info.ph...034&DL=2191 new hood wif vents Link to post Share on other sites More sharing options...
Newkid 2nd Gear May 24, 2011 Share May 24, 2011 man, that is one car dealer I will avoid at all cost.... Link to post Share on other sites More sharing options...
Newkid 2nd Gear May 29, 2011 Share May 29, 2011 on SGcarmart, it is shown as SOLD.... here Link to post Share on other sites More sharing options...
Aeras-95 Neutral Newbie May 29, 2011 Share May 29, 2011 Suggest the owner of this type R should scrape the car. Be responsible. Don't sell to any dealer. If not , the dealer will be accused of cheating buyer again. Or better still, the owner must let the dealer know about this accident,so that the dealer will tell the new buyer about the accident.if not the dealer will lose money if he buy a accident car, and accuse of cheating INNOCENT buyer again. Link to post Share on other sites More sharing options...
Celicar Turbocharged May 29, 2011 Share May 29, 2011 Ad doesn't say it is "accident free". Anyway, will note this dealer and be careful as well next time. This industry gives me the shivers, damn 'or aarm'. ↡ Advertisement Link to post Share on other sites More sharing options...
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