SPL Automobile

[deanang]

In today's story, I will detail the main techniques how this company can keep pricing low:

 

Reason #1: They hedge and play on the COE system at the risk of buyers. I have lots to say about this, something which I will detail later.

 

Reason #2: They took away all freebies such as free servicing and premium items like leather seat and earn from selling addon packages of these items.

 

Reason #3: Their after-sales service is non-existant.

 

Reason #4: They are rather good at internet marketing. I hope they are reading these posts that I am writing.

 

In the next few days, I will slowly detail my whole buying experience and how they still make a lot despite selling at cut-throat prices. Stay tuned...

 

Edited December 25, 2017 by deanang

[Wt_know]

willing buyer cunning seller ... who to blame?

 

  On 12/25/2017 at 12:25 AM, deanang said:

In today's story, I will detail the main techniques how this company can keep pricing low:

 

Reason #1: They hedge and play on the COE system at the risk of buyers. I have lots to say about this, something which I will detail later.

 

Reason #2: They took away all freebies such as free servicing and premium items like leather seat and earn from selling addon packages of these items.

 

Reason #3: Their after-sales service is non-existant.

 

Reason #4: They are rather good at internet marketing. I hope they are reading these posts that I am writing.

 

In the next few days, I will slowly detail my whole buying experience and how they still make a lot despite selling at cut-throat prices. Stay tuned...

[Privacy]

mai interrupt leh..

machiam SBF sex story like that.

 

bookmark first..

[deanang]

  On 12/25/2017 at 12:39 AM, Wt_know said:

willing buyer cunning seller ... who to blame?

 

Who to blame, the seller lah!

 

You walk into a mama shop buying a bottle of mineral water and the shop gave you a bottle of home-cooked plain water, who to blame?

[Wt_know]

ok, i would blame buyer for his ignorant and stupidity

but if the cunning seller has 999 levels of dark force ... even season buyers can fall

 

  On 12/25/2017 at 1:09 AM, deanang said:

Who to blame, the seller lah!

 

You walk into a mama shop buying a bottle of mineral water and the shop gave you a bottle of home-cooked plain water, who to blame?

[deanang]

  On 12/25/2017 at 1:59 AM, Wt_know said:

ok, i would blame buyer for his ignorant and stupidity

but if the cunning seller has 999 levels of dark force ... even season buyers can fall

 

 

Using the second last of my post limit today ...

 

Yes, if you buy mineral water from mama shop and get conned, you are ignorant and stupid.

For a car, there are thousands of parts and it gets too technical for the laymen.

Plus the 999 levels of dark force which you pointed out, the buyers have no chance.

My last post today:

 

Wishing all a merry Christmas and a happy New Year!

[Privacy]

NPNT.... waiting for SPA screenshot.

[deanang]

  On 12/25/2017 at 2:05 AM, Privacy said:

NPNT.... waiting for SPA screenshot.

 

Realised I have one more post so decided to reply to you:

 

 

Nice Pic! 

 

But I am not obliged to convince everybody and you need not believe my story. My subsequent posts will be for potential buyers who do not want to get conned by the 999 level of dark forces. 

[DACH]

  On 12/25/2017 at 12:25 AM, deanang said:

In today's story, I will detail the main techniques how this company can keep pricing low:

 

Reason #1: They hedge and play on the COE system at the risk of buyers. I have lots to say about this, something which I will detail later.

 

Reason #2: They took away all freebies such as free servicing and premium items like leather seat and earn from selling addon packages of these items.

 

Reason #3: Their after-sales service is non-existant.

 

Reason #4: They are rather good at internet marketing. I hope they are reading these posts that I am writing.

 

In the next few days, I will slowly detail my whole buying experience and how they still make a lot despite selling at cut-throat prices. Stay tuned...

But do you do your research first before choosing the right PI to buy from?

The recent news of some bad PIs should have triggered your awareness.

Anyway a car is a ten of thousands big purchase.

[Terrylmt]

  On 11/26/2017 at 2:46 PM, Ian1 said:

I can only speak for myself and our group of 20-25 members that bought from SPL.

 

Some of the deals were done at a loss, some at razor thin margin of couple of hundred dollars profits, and others at the usual $4k to $5k profit margin.

 

Even for those that were sold at a loss, SPL delivered the cars. If there were hiccups that cause late delivery, SPL offered me and some of us the option of a refund with market rate interest compensation, subsidy for rental cars..... and others who beared with the delay, a small gratuity / compensation. Personally, I got an upgrade of my Pioneer headunit waived and am happy at the $10k savings versus the next nearest PI's pricing.

 

In this highly competitve business, it should come as no surprise that the PI with fat margins (Cartimes, Venture, Hua Yang, Leco, etc) bad mouth those than they can't match on pricing. Similarly AD's badmounth all PI's because they can't match pricing

 

I heard most of the Sientas has now been delivered albeit a slight delay.

 

I am certain some were sold and delivered at a Loss due to the spike in COE.

 

End of the day, SPL still delivered albeit the harrowing wait and delay. Small price to pay for the big savings

[Wt_know]

give chance la ...

even Mr Tang cannot be seduced by anything anyone anywhere and not succumb to dark forces

also need Monkey King to protect him from 999 levels of dark forces ... lol

 

  On 12/25/2017 at 2:13 AM, DACH said:

But do you do your research first before choosing the right PI to buy from?

The recent news of some bad PIs should have triggered your awareness.

Anyway a car is a ten of thousands big purchase.

Edited December 25, 2017 by Wt_know

[VDub_Golf]

SPL has a very strong financial backing and they are serious in buying cars in bulk. Sometimes in business, they are prepared to absorb some losses just to keep up with sales volume. Overall, they will balance overall sales and marketing and have a business advantage when they sold cars with a good profit.

If you have a higher risk appetite which may mean being attracted to fantastically attractive discounts, then do factor the possibility of losing out.

Remember to do your sum when making such a heavy purchase. I was reminded that “Sheep wool cane from the sheep”, so buy with due prudence and do your own research.

Merry Christmas!

[Ian1]

  On 12/25/2017 at 4:05 AM, Terrylmt said:

Whilst I would like to believe your share, it is hardly believable that any company would be in business to make "razor thin margin" or even "at a loss". This defeats the entire premise and purpose of running a business. So a few questions that beg to be answered:

• Did the "suggested" losses come from the sales person directly or was it from the company?
• How did the sales person or manager qualify that it was a "razor thin margin" or "at a loss"?
• Since the prices are already "10K" lower than other PI, what would motivate them to still spend money to bring in cars to sell at a loss?

I'm sure that you can see how the logic does not add up, and it is completely heresy that a company would conduct business this way.

You need to understand and do your research on how SPL came into this PI business. It was purely by accident.

 

They originally set up just a few years ago because Uber approached them for help in importing a huge volume of cars.

 

Even before the court case became public, Uber / LCR started their nonsense of wanting to cut the volume / change the model and makes of car they already ordered / commited to which SPL had also committed to Japanese suppliers on LCR's behalf.

 

Because of delays in delivery on some of the orders due to the huge volume, LCR tried to get out of the entire deal on a techicality.

 

SPL was stuck with cars that LCR ordered and didnt want to pay / buy. SPL then started a retail business to sell these stock to the public. This was how they got started in the retail business.

 

With regards to how I know they made losses on some of the sales, its extremely transparent if you understand the taxation system in Spore and what makes up the cost price.

 

SPL even shared the bill of lading, PSA port fees, excise duty, GST, and certified OMV of the car prior to the sale.

 

If you know how to add cost like ARF, OMV, excise duty, GST, road tax, local content (IU, plates, headunit), etc.... its extremely easy to derive at cost price

[Terrylmt]

  On 12/25/2017 at 6:03 AM, Ian1 said:

You need to understand and do your research on how SPL came into this PI business. It was purely by accident.

 

They originally set up just a few years ago because Uber approached them for help in importing a huge volume of cars.

 

Even before the court case became public, Uber / LCR started their nonsense of wanting to cut the volume / change the model and makes of car they already ordered / commited to which SPL had also committed to Japanese suppliers on LCR's behalf.

 

Because of delays in delivery on some of the orders due to the huge volume, LCR tried to get out of the entire deal on a techicality.

 

SPL was stuck with cars that LCR ordered and didnt want to pay / buy. SPL then started a retail business to sell these stock to the public. This was how they got started in the retail business.

 

With regards to how I know they made losses on some of the sales, its extremely transparent if you understand the taxation system in Spore and what makes up the cost price.

 

SPL even shared the bill of lading, PSA port fees, excise duty, GST, and certified OMV of the car prior to the sale.

 

If you know how to add cost like ARF, OMV, excise duty, GST, road tax, local content (IU, plates, headunit), etc.... its extremely easy to derive at cost price

 

Even simpler then.

 

Why would I want to continue to make a loss for the cars that I have already indented since I have already sunken good cash into them in the first place? It's not directed at your explanation per se, but the whole logic behind it begs to be questioned.

 

A normal business person with considerations for P&L and cash flow would not simply bite the bullet to make such losses unless he has something to gain from it.

 

But at the end of the day, if you feel you got a good deal - that's all great buddy! Happy for you.

 

[Ian1]

  On 12/25/2017 at 8:23 AM, Terrylmt said:

Even simpler then.

 

Why would I want to continue to make a loss for the cars that I have already indented since I have already sunken good cash into them in the first place? It's not directed at your explanation per se, but the whole logic behind it begs to be questioned.

 

A normal business person with considerations for P&L and cash flow would not simply bite the bullet to make such losses unless he has something to gain from it.

 

But at the end of the day, if you feel you got a good deal - that's all great buddy! Happy for you.

 

Under normal circumstances, you are right, no one enters a business with the intention to loose.

 

Also, I believe 90% to 99% of the deals / cars they sell are profitable.

 

If there is one downside I caught from purchasing cars from SPL is that their stocks are old!!

 

Unlike other PI's whom you pay $5k -$15k more, some of those PI's have cars that are only 3month to 6months from the date of manufacture.

 

IN SPL's case a lot of those car sold super cheap have date of manufacture between 10 months to 24 months prior.

 

My colleague just bought a Jade Turbo from them at 109,999 with a $57k COE alloted, $21k cheaper than Kah Motors. The downside, the date of manufacture of the car to be collected next week 28Dec2017 is Year 2015!!

[Wt_know]

$21k lower than Kah Motor is normal else who buy from PI

question is how much cheaper compare to other PI to have a 2015 engine/car?

Edited December 25, 2017 by Wt_know

[Terrylmt]

  On 12/25/2017 at 8:52 AM, Ian1 said:

Under normal circumstances, you are right, no one enters a business with the intention to loose.

 

Also, I believe 90% to 99% of the deals / cars they sell are profitable.

 

If there is one downside I caught from purchasing cars from SPL is that their stocks are old!!

 

Unlike other PI's whom you pay $5k -$15k more, some of those PI's have cars that are only 3month to 6months from the date of manufacture.

 

IN SPL's case a lot of those car sold super cheap have date of manufacture between 10 months to 24 months prior.

 

My colleague just bought a Jade Turbo from them at 109,999 with a $57k COE alloted, $21k cheaper than Kah Motors. The downside, the date of manufacture of the car to be collected next week 28Dec2017 is Year 2015!!

 

YOM so long ago - what are the differences between YOM2015 versus YOM2017 models? So actually, if we factor in the price that they purchased the older model (including exchange rates, etc.) they might not be selling at a loss after all.

 

[Wt_know]

it's like going to valueshop buying "expiring soon" product at a discount

does that mean valueshop is making a loss or razor thin margin?

they could have sourced their product at a huge discount too ...

 

  On 12/26/2017 at 5:24 AM, Terrylmt said:

YOM so long ago - what are the differences between YOM2015 versus YOM2017 models? So actually, if we factor in the price that they purchased the older model (including exchange rates, etc.) they might not be selling at a loss after all.