Used Car Dealer Increase Price

[Pss2]

I was watching a particular car selling for $88,000 many months ago and still not able to sell. COE increased and his price went up to $95,000. I think this used car dealer either not hard up for business or he is doing extremely well.

 

Whenever news interview the car association spokesman, he looked very sad and urge garment to loosen the loan regulation. When COE is low, he talked very confidently and keep urging the public to buy cars before the COE go beyond the $50,000 mark. Never did he predict garment to tighten on the loan. My family affected by the regulations but come to think of it, it is good for everyone in the long run.

[Tayv]

The so-called association is run by ah Beng and headed by ah Beng. Their words should be taken like a pinch of salt (not sure whether can find salt in the 1st place or not)

[Wt_know]

used car dealer are more lethal than piranha ... eat you up and you don't even see it coming

 

I was watching a particular car selling for $88,000 many months ago and still not able to sell. COE increased and his price went up to $95,000. I think this used car dealer either not hard up for business or he is doing extremely well.

 

Whenever news interview the car association spokesman, he looked very sad and urge garment to loosen the loan regulation. When COE is low, he talked very confidently and keep urging the public to buy cars before the COE go beyond the $50,000 mark. Never did he predict garment to tighten on the loan. My family affected by the regulations but come to think of it, it is good for everyone in the long run.

Edited August 25, 2013 by Wt_know

[Little_prince]

this type of profiteer will have karma one.

 

bloody no conscience

[Achee]

Glad that our gahmen is standing firm on the loan restriction this time

[Pss2]

Glad that our gahmen is standing firm on the loan restriction this time

 

If it goes their way, they will increase price for sure. Now COE went up a bit and they increase their price although the car sitting there for many moons.

[Wt_know]

late better than nothing. they should have implemented loan restriction yearsssss ago

$0 downpayment and 10 years loan is suicidal

 

Glad that our gahmen is standing firm on the loan restriction this time

Edited August 25, 2013 by Wt_know

[Aukang]

The increase is to make up for the loss incurred for the few months the car is laying in the showroom or carpark. The used car chairman assoc should not be allowed to comment on the coe...

[Fastfive1]

late better than nothing. they should have implemented loan restriction yearsssss ago

$0 downpayment and 10 years loan is suicidal

 

By the way, have you guys realised the amount of cars going on auction has increased significantly?

Also now the cars that are on auction are luxury cars like BMWs, Mercs, Audis, etc?

This recent trend illustrates and proves the point that 100% loan is suicidal.

Oh well let these idiots die.

[Kangadrool]

Buy new (unless you know you are using for 1 or 2 years only), there's not much diff in yearly depreciation.

[Ingenius]

business men are out to make profit, that's normal

Edited August 25, 2013 by Ingenius

[Muachee997]

the loan restriction actually help the 2nd car leeches, the can command higher price for those ppl that can't afford new car.. look at their asking price, insane..

[Fatcat188]

So these 2nd car dealers must really thanks the smart Alex that comes out with these curbs and all the overpaid lackeys that echoes the curbs!

[Zvicki]

the loan restriction actually help the 2nd car leeches, the can command higher price for those ppl that can't afford new car.. look at their asking price, insane..

 

this is very true. those can not afford 50% downpayment for new car, will have to go 2nd car and be chopped, so sad..

[Jetabout777]

Let those used car dealer bosses die man. I viewed a vehicle just a month plus ago. They wouldnt lower the price and offered a low trade-in value for my car. Presently, car is still available, but increased asking price by a few k, even after the MAS dialogue with SVTA. Salesman who served me left. Bosses are holding out while kahkia all suffering without any sales.

[Skchiu]

If it goes their way, they will increase price for sure. Now COE went up a bit and they increase their price although the car sitting there for many moons.

well, they should have cleared stock the moment they can, they are greedy and they know that there will be pple who are willing to pay

 

[Skchiu]

this is very true. those can not afford 50% downpayment for new car, will have to go 2nd car and be chopped, so sad..

no choice lah, willing buyer willing seller

 

[Mcfguy]

COE not only influence new car prices but also old cars' too. Amazing.