KIA K3 Owners check-in!

[Simonchew]

From i collected my car on 9th april was still $90999 now is $95999 in 2wks+. Coe only went up arnd 2k. Think demand is pushing price up.

[coolbluepica]

Normal mode in city driving. Sport mode during expressway driving. Hardly ever use Comfort, cos too light.

Ya comfort totally no feeling of the road. Think will go for normal. Any idea where to get good car mats?

From i collected my car on 9th april was still $90999 now is $95999 in 2wks+. Coe only went up arnd 2k. Think demand is pushing price up.

Now price so high? Luckily I also collect on 6th April. How's your FC? Mine 11-12.5km/L.

[Enzomatrix]

9km/l

[Brianlee]

K3 price up again, my dream never come true

[teomingern]

K3 price up again, my dream never come true

 

Which model are you looking for? EX or SX? I think below $100,000 for SX is very good already. Don't dream of the COE crashing... it won't. Demand is super high still.

[EWander]

Hi Everybody just made a downpayment for the K3 SX model. Decided against waiting for the new facelift.. $97549 with guaranteed 6 bid COE.

 

I also realised that now C&C offering Uber Scheme. Downpayment 10-15% and strecth up to 10 years with 3.98 interest.

Wow $97549, guess people like me taking non guarantee at $ 92999 will never get my car, hahah and that was just 2 weeks ago...

[teomingern]

Wow $97549, guess people like me taking non guarantee at $ 92999 will never get my car, hahah and that was just 2 weeks ago...

 

$5000 is not a lot to top up if you really want the car or really need it. Otherwise just take a punt... though I think won't get at $92,999. Cos C&C will just bid at $39,999 for your COE.

[Cactus72]

Hi all, FC for me is ard 15km/l...depends on whether how often I use expressways...the best I ever get was 16.39km/l or 6.1L/100km after heavy usage of expressways..I am pretty light footed I believe...still monitoring..

[zwanson]

Advise needed. I had book a kia k3 SX model 6 non-guarantee bid after the Feb 2nd bidding. Currently, I'm left with 2 more bidding. Before the April 2nd bid my SE actually ask me to top up a 6k to switch to guarantee bid which I forgo this top up.

This morning I receive a msg from my SE asking me to top up a 7k to switch to 2 guarantee bid as I had only left with 2 bid if I don't want to top up I can choose to cancel my coe bidding immediately. So I told my SE that I still stick with the non guarantee bid as I had left with 2 more bidding only and I won't top up. But he message me telling me that he will release the car I reserved for sales. In the event of I manage to secure a COE in this 2 bids I will have to choose a new car. Can the SE just release the car which had been reserved and sign in the contract?

[EWander]

$5000 is not a lot to top up if you really want the car or really need it. Otherwise just take a punt... though I think won't get at $92,999. Cos C&C will just bid at $39,999 for your COE.

If at $98k I think Elantra maybe a better buy actually. I chose K3 becos its 7k cheaper than the Elantra. If I don't get it maybe I will switch to an Elantra or jus sit and wait for the new K3 facelift. Or maybe jus do without a car as its not cost efficient hahaha(basically lazy and over reliant on a car) 

[Jagash]

Advise needed. I had book a kia k3 SX model 6 non-guarantee bid after the Feb 2nd bidding. Currently, I'm left with 2 more bidding. Before the April 2nd bid my SE actually ask me to top up a 6k to switch to guarantee bid which I forgo this top up.

This morning I receive a msg from my SE asking me to top up a 7k to switch to 2 guarantee bid as I had only left with 2 bid if I don't want to top up I can choose to cancel my coe bidding immediately. So I told my SE that I still stick with the non guarantee bid as I had left with 2 more bidding only and I won't top up. But he message me telling me that he will release the car I reserved for sales. In the event of I manage to secure a COE in this 2 bids I will have to choose a new car. Can the SE just release the car which had been reserved and sign in the contract?

The COE system is totally unfair to the buyers. We sign a conditional contract with the car dealers and it give them a loop hole to get out when COE prices go up but does not allow buyers to get out when COE prices fall.

 

The strangest and most ridiculous thing is that buyers need to put a substantial down payment. In the financial world, the buyers would be the ones holding the option finger out when things are unfavorable since we buy that option with the down payment. Buyers gets the shorter ending the stick.

The problem is that buyers are so used to the unfair system and desperate to buy and hence nothing will change.

When COE prices are rising, it will work against you not to top out because the next car you book is going to coercion even more!

[Forte3737]

The COE system is totally unfair to the buyers. We sign a conditional contract with the car dealers and it give them a loop hole to get out when COE prices go up but does not allow buyers to get out when COE prices fall.

 

The strangest and most ridiculous thing is that buyers need to put a substantial down payment. In the financial world, the buyers would be the ones holding the option finger out when things are unfavorable since we buy that option with the down payment. Buyers gets the shorter ending the stick.

The problem is that buyers are so used to the unfair system and desperate to buy and hence nothing will change.

When COE prices are rising, it will work against you not to top out because the next car you book is going to coercion even more!

It's already been that way for more than a decade

[Jjlimjohn]

Advise needed. I had book a kia k3 SX model 6 non-guarantee bid after the Feb 2nd bidding. Currently, I'm left with 2 more bidding. Before the April 2nd bid my SE actually ask me to top up a 6k to switch to guarantee bid which I forgo this top up.

This morning I receive a msg from my SE asking me to top up a 7k to switch to 2 guarantee bid as I had only left with 2 bid if I don't want to top up I can choose to cancel my coe bidding immediately. So I told my SE that I still stick with the non guarantee bid as I had left with 2 more bidding only and I won't top up. But he message me telling me that he will release the car I reserved for sales. In the event of I manage to secure a COE in this 2 bids I will have to choose a new car. Can the SE just release the car which had been reserved and sign in the contract?

 

Unfortunately, there's a clause regarding the bidding that says something in the line of dealer reserves the right to not place any bids in the 6 rounds of bidding. If you signed the contract with the clause on it, then the dealer has the right to do it.

 

Highly likely the contract will not say that they are to hold a car for you during the bidding period too.  

[Jagash]

It's already been that way for more than a decade

COE system started in 1990. It is 26 years old. Car dealers are the beneficiary and off course it's revenue for our reserves. As long as buyers say "bo pian" then why change.

 

You go any other country to buy a car, buyers has the right to cancel the contract and forfeit the deposit. Here, car dealers can cancel the contract by bidding low COE price and don't need to compensate.

[Forte3737]

COE system started in 1990. It is 26 years old. Car dealers are the beneficiary and off course it's revenue for our reserves. As long as buyers say "bo pian" then why change.

 

You go any other country to buy a car, buyers has the right to cancel the contract and forfeit the deposit. Here, car dealers can cancel the contract by bidding low COE price and don't need to compensate.

I know you are frustrated. But nothing you can do Also

[Jagash]

I know you are frustrated. But nothing you can do Also

Bro, I got my K3 almost 2 months ago so I am not affected. I understand the system and In fact I got $2K rebate. This is 3rd time I got a rebate for COE.

I bidded sine the 1st COE in 1990. Just feel sorry for the bros here who gets played by car dealers.

[BullsEye]

Hi all, FC for me is ard 15km/l...depends on whether how often I use expressways...the best I ever get was 16.39km/l or 6.1L/100km after heavy usage of expressways..I am pretty light footed I believe...still monitoring..

 

Amazing FC you got. Mine averaging around 12-13 km/L.

 

I think 15 km/L possible on NS highway on 100% expressway drive.

9km/l

 

Wow, 9 km/L is bad. you gotta relax your foot a little bro.

[Enzomatrix]

Amazing FC you got. Mine averaging around 12-13 km/L.

 

I think 15 km/L possible on NS highway on 100% expressway drive.

 

Wow, 9 km/L is bad. you gotta relax your foot a little bro.

relax already.. even on highway i also get this figure.

 

First got the car my tank can last 580km, then it drop to ard 480km now. I sent the car back and they told me computer say no error, they just set the car computer to auto reset everytime I pump but it doesnt change anything lol. Gave up on C&C