Refund of booking fee after 6 failed COE bids?

[Unpredictable]

U sound like ad from the volkwagon

 

Nope -.-

I hate their aftersales service

But they really did a good job in getting cars n they usually serious.

If you think their gearbox is not a problem, try to get one.

[Pandaeyes]

Nope -.-

I hate their aftersales service

But they really did a good job in getting cars n they usually serious.

If you think their gearbox is not a problem, try to get one.

 

+1

[Camrysfa]

Some bros said Mazda AD profit margins 40k, just like conti.

 

One of their Cat B car was offered at 133K selling price ( gteed COE ). so, even if secured at Apr 13 COE of 62K, they could have earned $30K, if the basic cost of the car is ard $41K. That's very good money. That's why I noticed, there can be 3 sales staff to one car browser at anytime. All they need is capture 2 bookings per working day. 60 bookings a month already net almost 2 mil.

[Fuelsaver]

I agree with jack

But of course omv above 20k onward will be

Selling price - (Omv x 2.27) - coe - 0.4(from 20k to 50k) - 0.8(from 50k) if applicable

So excess arf for higher omv not subject to 2.27 formula?

[Yatirose]

Hi all,

have a Misubishi ex of 4 yrs, should I sell it away now or wait some more.. Why now? because am looking at Opel Zafira and sales said that if i wait longer promo price not given and interest rate goes higher and my Mitsubishi will fetch less. M at a loss.COE is still high but wait how long will it go down? read some said must wait. pls advice.

Edited April 28, 2013 by Yatirose

[Pandaeyes]

Hi all,

have a Misubishi ex of 4 yrs, should I sell it away now or wait some more.. Why now? because am looking at Opel Zafira and sales said that if i wait longer promo price not given and interest rate goes higher and my Mitsubishi will fetch less. M at a loss.COE is still high but wait how long will it go down? read some said must wait. pls advice.

 

COE shd stick ard 50-60k for some time. It won't go down to 40k or lesser.

 

However if I can predict future prices I would be a guru.

 

When comes to buying car in Spore, it's just a question on whether you can stomach downpayment and monthly. If comfortable go for it. If not forget it. Also if u can stomach loss from your used car then go for it. If not just hang on since u may be on 10 yr loan? That's the price to pay.

[Ender]

Don't top up... This will give AD more margin to bid higher. This is not the trend we want to see.. If everybody stay put, don't top up, then AD LLST have bid lower..

[Pandaeyes]

Don't top up... This will give AD more margin to bid higher. This is not the trend we want to see.. If everybody stay put, don't top up, then AD LLST have bid lower..

 

It is true. But if the rebate level is unrealistically low n margin low esp for jap they cannot bid really much higher.

[Yatirose]

I understand you.

I think volkswagen done a good job, if u r serious looking for car go for volkswagen.

They 99.9% can get u a car, regardless coe rebate level as long as u signed

 

How did you get this info? What abt Opel? And Toyota?

[Incantations]

Hi,

 

Would someone be able to enlighten me on the selling price of cars?

 

Saw earlier that someone mentioned a formula,

 

Profit for dealer = selling price - omv x 2.27 - coe - new progressive tax structure - (0.4 x omv) - (0.8 x omv )

 

1) may I know how was the 2.27 obtained as I couldnt find any info on it even after googling.

2) the new progressive tax structure also mentioned that first 20k in omv is taxable. Is there any reason why isnt this included in the formula? Is it because the first 20k is already included in the 2.27 multiplier

 

Understand that this formula doesnt constitute the fixed costs incurred by the dealer such as rental and other operating expenses.

[Hexxor]

Hi,

 

Would someone be able to enlighten me on the selling price of cars?

 

Saw earlier that someone mentioned a formula,

 

Profit for dealer = selling price - omv x 2.27 - coe - new progressive tax structure - (0.4 x omv) - (0.8 x omv )

 

1) may I know how was the 2.27 obtained as I couldnt find any info on it even after googling.

2) the new progressive tax structure also mentioned that first 20k in omv is taxable. Is there any reason why isnt this included in the formula? Is it because the first 20k is already included in the 2.27 multiplier

 

Understand that this formula doesnt constitute the fixed costs incurred by the dealer such as rental and other operating expenses.

 

Cost to dealer

OMV - car cost + freighter

Excise duty - 20% of OMV

ARF - tiered to OMV - 100% for first 20k, 140% for next 30k, 180% for 50k up.

GST 7% of OMV

misc cost - variable - servicing, local transport, showroom, agent commission etc

COE - current price

 

Profit is selling price minus all of the above = 15-40k usually

[Hexxor]

For example

 

Altis (classic) $14,932 OMV - Can look up the info from the Sg carmart abt rough profit margin for dealer.

 

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10526

 

Gross profit 22k (before showroom, freebies, commission etc)

 

If you really want to count use a spreadsheet that some other forummer had made up. Search for "Car_Depreciation_v4.0" excel spreadsheet.

 

 

 

 

[Markzz]

Their profit more than tat lah

u guys forgot the CEVS rebate.

They got the rebate for many cars.

[Incantations]

Hi,

 

THanks for the replies.

 

I roughly understand how the thing works already.

 

Also, about the cevs rebate, because the rebate translates to a 1:1 savings for the consumers, does it mean that theres no surplus for dealers? E.g a golf mk7 cevs rebate is 15k, the 15k is deducted away from the selling price for the consumer.

 

Please correct me if im wrong

[Intruderx]

Hi,

 

THanks for the replies.

 

I roughly understand how the thing works already.

 

Also, about the cevs rebate, because the rebate translates to a 1:1 savings for the consumers, does it mean that theres no surplus for dealers? E.g a golf mk7 cevs rebate is 15k, the 15k is deducted away from the selling price for the consumer.

 

Please correct me if im wrong

 

Yes, it will deduct off the selling price affecting your PARF value.

[Unpredictable]

For example

 

Altis (classic) $14,932 OMV - Can look up the info from the Sg carmart abt rough profit margin for dealer.

 

http://www.sgcarmart.com/new_cars/newcars_...p?CarCode=10526

 

Gross profit 22k (before showroom, freebies, commission etc)

 

If you really want to count use a spreadsheet that some other forummer had made up. Search for "Car_Depreciation_v4.0" excel spreadsheet.

 

U cant count this way as the info show is base on current COE.

The omv also will be changing time to time.

If you want to count their buffer profit you must do this following calculation

The price u sign - car cost = buffer profit

Example a toyota altis selling at 99k 35k coe rebate

Omv 14.8k

 

Car cost 14.8k x 2.27 - 5k cevs = 28600

Coe rebate 35k

Buffer profit = 99,000 - 28600 - 35000 - 1000( road tax, IU, number, register cost etc)

Buffer profit = 34,500 (without paying commission to sales man)

Assumming 1k commision

Toyota can bit 33.5k higher from 35k coe rebate before they start to lose money.

The most i see dealer earn the least is 10-15k usually

So those sign up 35k coe rebate toyota the most will bid ard 50-53.5k for the coe.

 

If people to sign up guarantee coe 60k coe rebate then the next round coe will increase.

Coe increase or decrease is all depend on buyer who sign the package in the market. Of course the portion of people sign high coe must enough to fill in the quota if not coe will still fall.

 

The next coe bidding must depend how many people sign volkswagen 60k rebate n toyota 60k rebate.

Cat A biggest player is volkswagen, second is toyota maybe 3rd is those mercerdes audi bmw 1.6cc car

 

I see the open coe is bidded without actual buyer since it can transfer the AD try to bid the open n immediate sell if got buyer within 3 months. As u guys can see the immediate drive away with coe advertisement.

Open cat quota will soon fill in with cat A if cat B sales keep dropping.

 

If that is the case either cat A or B will fall, it is all depend on open cat bidding the next round which cat to fill in the quota.

[Unpredictable]

We will never know what happen in the market

But i can tell conti AD form the cartel price fix

Discussing each other who to bid cat A n who to take the open cat

That is why we can see cat A is higher than open cat.

 

Just base on my assumption whn i see how the AD bid the cat A n open during the last 2 hours

 

I hope government can investigate if they form cartel price fixing n give them a fine since it is illegal to do that.

[Pandaeyes]

U cant count this way as the info show is base on current COE.

The omv also will be changing time to time.

If you want to count their buffer profit you must do this following calculation

The price u sign - car cost = buffer profit

Example a toyota altis selling at 99k 35k coe rebate

Omv 14.8k

 

Car cost 14.8k x 2.27 - 5k cevs = 28600

Coe rebate 35k

Buffer profit = 99,000 - 28600 - 35000 - 1000( road tax, IU, number, register cost etc)

Buffer profit = 34,500 (without paying commission to sales man)

Assumming 1k commision

Toyota can bit 33.5k higher from 35k coe rebate before they start to lose money.

The most i see dealer earn the least is 10-15k usually

So those sign up 35k coe rebate toyota the most will bid ard 50-53.5k for the coe.

 

If people to sign up guarantee coe 60k coe rebate then the next round coe will increase.

Coe increase or decrease is all depend on buyer who sign the package in the market. Of course the portion of people sign high coe must enough to fill in the quota if not coe will still fall.

 

The next coe bidding must depend how many people sign volkswagen 60k rebate n toyota 60k rebate.

Cat A biggest player is volkswagen, second is toyota maybe 3rd is those mercerdes audi bmw 1.6cc car

 

I see the open coe is bidded without actual buyer since it can transfer the AD try to bid the open n immediate sell if got buyer within 3 months. As u guys can see the immediate drive away with coe advertisement.

Open cat quota will soon fill in with cat A if cat B sales keep dropping.

 

If that is the case either cat A or B will fall, it is all depend on open cat bidding the next round which cat to fill in the quota.

 

VERY WELL EXPLAINED.