zerobim08 4th Gear March 17, 2015 Share March 17, 2015 I am curious how close is declared OMV compared to car cost. I am not sure whether AD can still practice bringing in the barebone car (to skim on OMV) and fit all the equipment locally. E.g rim, tyre, aircon, radio, external trims, leather etc. Some years ago I remembered that LTA required a car to be of certain standard for declaring the OMV. Or did I remember wrongly? I see some OMV that doesnt match reality like the Elantra or the Subaru or even the Mazda 3 which is filled to the brim with options but OMV that is much lower than a basic Altis or Honda. So how much can we believe the OMV actually reflecting the worldwide prices (excluding taxes or destination costs)? ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Spring Moderator March 17, 2015 Share March 17, 2015 (edited) Ya I also find some of the OMVs strange and wonder why some makes have higher OMVs. eg Mitsubishi Outlander MIJ, $17k+, Mz3, MIJ $16k+ vs Altis MIT, $17k+, Civic MIT, $20k+ Can't believe that Mitsubishi can make a 7 seater SUV in Japan for the same price as Toyota assembles an Altis in Thailand!! My guess could be that some of the manufacturers give a rebate to the AD for selling X no. of cars hence keeping the OMV low but I'm not sure if this is allowed under LTA's rules. Then again how is LTA going to control as they have no say in how much a manufacturer wants to sell their cars. Edited March 17, 2015 by Spring 4 Link to post Share on other sites More sharing options...
Volvobrick Supersonic March 17, 2015 Share March 17, 2015 Only the importers would know the secrets! Maybe buy car with skinny tyres cheap cheap (and pay less ARF) but pay $15K to same manufacturer for 4 Alloy wheels (no ARF for parts) separately... Link to post Share on other sites More sharing options...
Rm2s 5th Gear March 17, 2015 Share March 17, 2015 My understanding is that it is based on custom declaration with proof. In reality it may not be that straight forward though. I recall many years ago a premium brand has a change of import process; from a local AD (import directly from manufacturer) to manufacturer setup their own regional office and brought cars in directly and then sell to AD. The net effect is that the OMV dropped even when the spec remained the same. I believe many makes are doing that now. 1 Link to post Share on other sites More sharing options...
Atrecord Supersonic March 17, 2015 Share March 17, 2015 This is indeed strange. OMV of Toyota Previa is $37,090 Toyota Alphard is $45,417 Toyota Estima is $31,419 Honda Ody is $27,419 Mazda Biante is $18,512 Mazda 8 is $22,721 Nissan Elgrand is $36,123 VW Sharan is $41,058 Kia Sorrento is $31,646 Mit Outlander is $17,787 So looks like Alphard value should be about 2.5 times that of Outlander??? (am looking at all the 7/8-seaters)... Link to post Share on other sites More sharing options...
Enye Hypersonic March 17, 2015 Share March 17, 2015 (edited) This is indeed strange. OMV of Toyota Previa is $37,090 Toyota Alphard is $45,417 Toyota Estima is $31,419 Honda Ody is $27,419 Mazda Biante is $18,512 Mazda 8 is $22,721 Nissan Elgrand is $36,123 VW Sharan is $41,058 Kia Sorrento is $31,646 Mit Outlander is $17,787 So looks like Alphard value should be about 2.5 times that of Outlander??? (am looking at all the 7/8-seaters)... Previa and ody omvs used to 3k higher a while ago Since when did they drop to these levels? Edited March 17, 2015 by Enye Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic March 17, 2015 Share March 17, 2015 Omv suka suka set one lol Link to post Share on other sites More sharing options...
Celicar Turbocharged March 17, 2015 Share March 17, 2015 No one beats BMW (Performance Motor) at this game. No one. Link to post Share on other sites More sharing options...
Spring Moderator March 17, 2015 Share March 17, 2015 Previa and ody omvs used to 3k higher a while ago Since when did they drop to these levels? Yen has dropped abit so that may be a reason. Then again, I can't believe that 1 Elgrand = 2 Outlanders 3 Link to post Share on other sites More sharing options...
Wt_know Supersonic March 17, 2015 Share March 17, 2015 concur ... a fully spec bmw 528i omv probably 40k nia ... sibei low ... in the e60 era omv is very high but also good la ... arf is 140% and 180% leh ... so high omw for what ... No one beats BMW (Performance Motor) at this game. No one. Link to post Share on other sites More sharing options...
SuPerBoRed Twincharged March 17, 2015 Share March 17, 2015 Yen has dropped abit so that may be a reason. Then again, I can't believe that 1 Elgrand = 2 Outlanders i think .. the real reason shld be yen/thb dropped abt 15% from june last year.. ie.. MIT vs MIJ 1 Link to post Share on other sites More sharing options...
Enye Hypersonic March 17, 2015 Share March 17, 2015 Yen has dropped abit so that may be a reason. Then again, I can't believe that 1 Elgrand = 2 Outlanders Don't think yen weakened so much against sgd to cause ~10% change in omv Besides all the jap cars omvs would be affected if it is forex Elgrand and alphard omvs were quite stable leh Link to post Share on other sites More sharing options...
Tohto Hypersonic March 17, 2015 Share March 17, 2015 concur ... a fully spec bmw 528i omv probably 40k nia ... sibei low ... in the e60 era omv is very high but also good la ... arf is 140% and 180% leh ... so high omw for what ... Now 1 euro is less than 1.5sgd, maybe that is the reason. My 06 320i OMV already S$42k. That time I think 1 Euro about 2.2sgd. 1 Link to post Share on other sites More sharing options...
Benarsenal Turbocharged March 17, 2015 Share March 17, 2015 All these bulls**t taxes (ARF, Customs Duty, GST, COE) only serve to obscure the true price of cars here in Singapore. People can randomly put a price and then attribute it to 'taxes' and we would be none the wiser. There's no real transparency. Car prices should be OMV + COE and that's it. 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic March 17, 2015 Share March 17, 2015 (edited) haha ... can we have no taxes? for a B&B $100k car ... > $70k goes to ah gong leh ... lol no need to do anything can jiak 70% of the cake ... All these bulls**t taxes (ARF, Customs Duty, GST, COE) only serve to obscure the true price of cars here in Singapore. People can randomly put a price and then attribute it to 'taxes' and we would be none the wiser. There's no real transparency. Car prices should be OMV + COE and that's it. Edited March 17, 2015 by Wt_know Link to post Share on other sites More sharing options...
Jimmylim 4th Gear March 17, 2015 Share March 17, 2015 last time my friend did mentioned something like the cars they bought in are equipped with bare minimum stuff and many items are fixed locally, hence some are able to declare lower cost for tax purpose. wonder if my info is correct. 1 Link to post Share on other sites More sharing options...
subarudreamer 2nd Gear March 17, 2015 Share March 17, 2015 (edited) A most peculiar one is within the Subaru stable. the OMV of the 1.6l XV is 16k+ while that of the 2.0l (non turbo) forester is 14k+! How is that possible? and a forester turbo XT's OMV is only 17k+, just 1k more than the XV? Edited March 17, 2015 by subarudreamer 1 Link to post Share on other sites More sharing options...
Kusje Supersonic March 17, 2015 Share March 17, 2015 All these bulls**t taxes (ARF, Customs Duty, GST, COE) only serve to obscure the true price of cars here in Singapore. People can randomly put a price and then attribute it to 'taxes' and we would be none the wiser. There's no real transparency. Car prices should be OMV + COE and that's it. Actually, the formula is very transparent and onemotoring even publishes the price of cars after taxes and compares it with the AD's list price.... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Sensha and Ceramic Pro 9H
Sensha and Ceramic Pro 9H
Higher spending on healthcare does not mean a healthier population: Ong Ye Kung
Higher spending on healthcare does not mean a healthier population: Ong Ye Kung
Safety or money first?
Safety or money first?
Some Singaporeans willing to pay more than $12,000 for a dog
Some Singaporeans willing to pay more than $12,000 for a dog
Cost of new SG citizenship
Cost of new SG citizenship
Cost Door Lock Repair cost how much?
Cost Door Lock Repair cost how much?
India landed on the Moon for less than it cost to make Interstellar
India landed on the Moon for less than it cost to make Interstellar