Wt_know Supersonic August 9, 2012 Share August 9, 2012 (edited) dealer can price the car insanely as long as there are sucker to buy no one holding a gun to sucker to buy used car at inflated coe price Edited August 9, 2012 by Wt_know ↡ Advertisement Link to post Share on other sites More sharing options...
Dragonfly1 1st Gear August 9, 2012 Share August 9, 2012 Exactly!COE also high as long as there are suckers willing to pay for it! Nobody else to blame except ourselves..... dealer can price the car insanely as long as there are sucker to buy no one holding a gun to sucker to buy used car at inflated coe price Link to post Share on other sites More sharing options...
Ronwong Neutral Newbie August 9, 2012 Share August 9, 2012 The 2nd hand price go up is pure economics, its just cost of substitute. If rice become expensive, every go and buy corn, it is drive up the cost of corn. The cost of vehicle is high because policies made it to be. So be it. The money is not to control vehicle population, its just another form of tax, so just cost it in. Link to post Share on other sites More sharing options...
Mockngbrd Supersonic August 9, 2012 Share August 9, 2012 you all know whats the funny thing? even though u all think there are not enough scrap cars, the scrap yards are FULL! Reason being, no buyers for them to export! Ppl overseas which are traditional buyers no $$$ buy liao. Link to post Share on other sites More sharing options...
Turbonetics 2nd Gear August 9, 2012 Share August 9, 2012 Reason for high number of unsold cars is likely due to unrealistic asking prices. When I got my used car ($12K COE) in Jan this yr, Cat A COE was only $43K. Today, prices have been marked up by at least $10K for the same model of similar age. Who would pay existing COE rates for used cars bought with <$10K COEs? this is the market demand. no dealer would want to priced their car so high that they can't sell. we don't really know how fast is their turn over rate. Link to post Share on other sites More sharing options...
Turbonetics 2nd Gear August 9, 2012 Share August 9, 2012 unless the owner got 2 cars or more ... sell high buy higher ... more jialat that's fair ... just like property if 1 got 2 properties can sell high and make profit and still got 1 property to stay on the contrary, due to high coe for new car, used car dealer make fat profit margin for used car don't forget that few years back when coe was below $20k,these used car dealers were eating grasses. now that the market has changed,we can see a few big names also opening up used car showroom. and those previous owners who sold off or trade in their car are selling at a higher depreciation than they bought new then. the real blood suckers i would say are those established big big name used car dealer like Wearnes..etc Link to post Share on other sites More sharing options...
Kweechang 1st Gear August 9, 2012 Author Share August 9, 2012 this is the market demand. no dealer would want to priced their car so high that they can't sell. we don't really know how fast is their turn over rate. This car has been in market since 8 Jun 2012. The original price was $85,888. Now $86,888. 2 month older, but price increase by $1,000, due to increase of COE. http://www.sgcarmart.com/used_cars/info.ph...926&DL=2052 Link to post Share on other sites More sharing options...
Lazymayday Neutral Newbie August 9, 2012 Share August 9, 2012 all these price jack only apply to budget cars , for high class cars over 100k they r sold wirh loss even if coe is up Link to post Share on other sites More sharing options...
Turbonetics 2nd Gear August 9, 2012 Share August 9, 2012 (edited) This car has been in market since 8 Jun 2012. The original price was $85,888. Now $86,888. 2 month older, but price increase by $1,000, due to increase of COE. http://www.sgcarmart.com/used_cars/info.ph...926&DL=2052 there is nothing wrong imo. some dealers are financially stable and they are able to hold on to the car. you may see this car holding on of so long,but they may have other cars moving very fast. they are the insiders and they should know the trade very well. anyway,some dealers don't remove their ads even for some cars they had already sold. Edited August 9, 2012 by Turbonetics Link to post Share on other sites More sharing options...
Proton_neutron 1st Gear August 9, 2012 Share August 9, 2012 Well, existing owners who bought their cars during the low COE-price period trade in/ sell their cars for profit to used car dealers. Since dealer take in at above paper value price, they have no choice but to resell these cars in the used market. To deregister and scrap/ export these cars will mean they're making a loss. So on top of owners looking to earn from their sale, used car dealers also want a share of the profit pie. So 2x profit on a used low COE-priced car.... I'm rather amazed too at CAT A COE price. Even though the taxis now don't pay the bidding price of CAT A, and their quota is taken from CAT E, why CAT A price still going up?? I guess it's the Mercedes C180BE 1.6 Turbo 156bhp and B-Class 1.6 that has been eating up much of the quota. Take notice that there are more bike quotas now per bidding than CAT A. Oh well, in a crowd, the person who can afford it wins* the day (By winning for some in this instance is the ability to afford a brand new car at such high COE prices). I think many car buyers these days know how to do their maths. The most not worth it buy will be 06 and beyond registered cars, since dealer mark up is super high. Those who know their maths would have bought a pre-06 registered car. Cheaper, lesser dealer mark up, etc. So what you see in car showrooms are 06 and after registered cars, parked in the showroom, collecting dust, occupying space. Link to post Share on other sites More sharing options...
Wt_know Supersonic August 9, 2012 Share August 9, 2012 (edited) by end 2012-2013 ... all conti such as vw/bmw/merc/audi/volvo will take up whole cat a coe with their 1.6L turbo!!! Edited August 9, 2012 by Wt_know Link to post Share on other sites More sharing options...
Antlau 1st Gear August 9, 2012 Share August 9, 2012 i saw 1 Mitsubishi Lancer year 08 one, that time should be selling around $40+k...but now being second hand at 4years old, the price is $60+k.... wow... Link to post Share on other sites More sharing options...
Kweechang 1st Gear August 9, 2012 Author Share August 9, 2012 by end 2012-2013 ... all conti such as vw/bmw/merc/audi/volvo will take up whole cat a coe with their 1.6L turbo!!! Then, say good-bye to Japanese, Korea.... and other non-conti car. By then. Vios will be $150k, B-Class $200k, which car will you buy? Me, neither. Reason: Can not afford. Link to post Share on other sites More sharing options...
Roadie 1st Gear August 9, 2012 Share August 9, 2012 In a few years time if people are looking for B&B cars registered in 2011-13 period, they will find them hard to get. Only Continental models will be available. Market will be interesting then and we will see even more conti models on our roads. Link to post Share on other sites More sharing options...
Mllcg 3rd Gear August 9, 2012 Share August 9, 2012 In a few years time if people are looking for B&B cars registered in 2011-13 period, they will find them hard to get. Only Continental models will be available. Market will be interesting then and we will see even more conti models on our roads. there is always cheap contis such as VW Link to post Share on other sites More sharing options...
Kelvingoh45 Clutched August 10, 2012 Share August 10, 2012 dealer can price the car insanely as long as there are sucker to buy no one holding a gun to sucker to buy used car at inflated coe price These ppl are not suckers,they are rich and well to do ppl. Link to post Share on other sites More sharing options...
Audi655 Clutched August 10, 2012 Share August 10, 2012 singapore airline when listed was $5/- per share, if you are a shareholder , at what price would you sell your share now. Link to post Share on other sites More sharing options...
Audi655 Clutched August 10, 2012 Share August 10, 2012 with so much problem regarding VW DSG gearbox , why do you think that VW is still cheap. 3 years down road , the market maybe flooded with VW with problematic gearboxs. ↡ Advertisement Link to post Share on other sites More sharing options...
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