New Harrier Japan

[Leelk]

  On 5/20/2015 at 7:56 AM, EG73 said:

Normally is 50% cash and 50% loan (int 2.28%-2.68%) but you can go for 40% cash with 60% loan (int 2.68%) or in-house loan (T&C is the same as bank) with 20% cash & 80% loan (int 3.38%) - all loan is 5 years repayment. If you don't have much cash but no issue with high monthly, you can go for 80% loan as the interest different is around $4000 (compare to 50% loan), monthly be around $2.3K, you will suffer for 5 years but after that the car is yours and if you sell your call at 5 years you should be able to take back $75K-$100K depend on the market at that time. By then you can get another new car without any cash issue. Hope this help.

 

How you get $4000 interest difference?

 

Assuming 50% loan interest is highest at 2.68%, 80% interest is as stated 3.38%, and car price is $150,000.

 

50% loan, interest = $75,000 * 0.0268 * 5 (years) = $10050

80% loan, interest = $120,000 * 0.0338 * 5 = $20280

 

That's almost double!

 

Is current interest rate between 2.28% - 2.68%?

[AndyTan1026]

  On 5/20/2015 at 1:09 PM, legionx said:

 

Not important i guess, they will never let you know what they do with your car. When my car arrived it was 20km+, when i collect it was 30km+. Probably they drove my car to workshop to fix something, let someone else test drive, drive themselves for fun. who knows...

 

If abv 50km can consider unnormal?

[legionx]

  On 5/20/2015 at 2:15 PM, AndyTan1026 said:

If abv 50km can consider unnormal?

 

This is something we cannot argue with them, think we can only suck thumb. They can say they drive the car to one end to fix audio, then to another end to fix camera, then to another end to do the carpet.

 

Just blacklist them and let everyone know. Who is the PI?

[PeterParker]

  On 5/20/2015 at 4:26 PM, legionx said:

 

This is something we cannot argue with them, think we can only suck thumb. They can say they drive the car to one end to fix audio, then to another end to fix camera, then to another end to do the carpet.

 

Just blacklist them and let everyone know. Who is the PI?

After dealing with PIs in my quest for my harrier, it felt as if I am going to Sim Lim 1st 2 floors to buy something. They are always ready to eat you up and scavenge around for your money.

 

The COE bidding exercise, the guaranteed or non-guaranteed bidding, the 4 bids to 6 bids, the non standard accessories, the loans and insurance policies and the perpertual need to haggle the prices, the sneaky and dodgy overall practices. It's all part of the deal with dealing with people who are out to squeeze every single cent out of you.

 

For me it will be the last time I will deal with a PI and I'm not even confident that my harrier can be sproperly looked after by the PI service centres for 10 years.

 

For people who haven't dealt with them before, i say good luck. For people who will ask me whuch PIs? I'll say most of them. I tried dealing with a big medium and small PI - all equally dodgy and flip like prata man.

 

Good luck to Harrier buyers, need any advice can PM me.

[efssc]

  On 5/20/2015 at 2:10 PM, Leelk said:

 

How you get $4000 interest difference?

 

Assuming 50% loan interest is highest at 2.68%, 80% interest is as stated 3.38%, and car price is $150,000.

 

50% loan, interest = $75,000 * 0.0268 * 5 (years) = $10050

80% loan, interest = $120,000 * 0.0338 * 5 = $20280

 

That's almost double!

 

Is current interest rate between 2.28% - 2.68%?

 

I think he meant $4k difference when you compare the 2 interest rates against a 50% loan.

 

If you compare a 50% loan against an 80% loan the difference is already 1:1.6, so no surprise that the absolute dollar value is nearly double.

 

And don't forget the compounding effects of a 5 year loan, not a lot in this case (around $600 more for the 50% loan and $1400 for the 80%) but will make a huge impact if we're talking about mortgage or something of that magnitude.

[AndyTan1026]

  On 5/20/2015 at 4:26 PM, legionx said:

 

This is something we cannot argue with them, think we can only suck thumb. They can say they drive the car to one end to fix audio, then to another end to fix camera, then to another end to do the carpet.

 

Just blacklist them and let everyone know. Who is the PI?

I m just asking first.. Because I just get my Coe yest round.. So will collect my car soon.. My package is 2-6bids guaranteed without topup and my PI get my Coe in the 2nd bid yest! They didn't bid for me 1st bid because my loan still in processing.. It's very surprised n now I no need to wait for 3mths so long Liao.. I m quite happy with him.. :)

[bingkok]

I got my Harrier mileage is less than 10km.

My understand is the car need to went thru Vitas and Vicom. My PI drove the to test centre as their showroom is very near and they keep my car in the show room. Other than that they din touch the car.

[EG73]

You are not wrong on the 60K. The reason I quoted 75K-100K is based on COE around 40K-70K range. I don't foresee COE going to drop back 20K or lower again in 5 years and car price keep going up. With such, car price will remain high especially for 5 year or younger car. In the last 6-10 months, a good condition 4-5 years old Camry will cost around $85K, BMW 318i cost $90K, SUV cost 100K etc....

[Ongkmeng]

  On 5/20/2015 at 11:42 PM, PeterParker said:

After dealing with PIs in my quest for my harrier, it felt as if I am going to Sim Lim 1st 2 floors to buy something. They are always ready to eat you up and scavenge around for your money.

 

The COE bidding exercise, the guaranteed or non-guaranteed bidding, the 4 bids to 6 bids, the non standard accessories, the loans and insurance policies and the perpertual need to haggle the prices, the sneaky and dodgy overall practices. It's all part of the deal with dealing with people who are out to squeeze every single cent out of you.

 

For me it will be the last time I will deal with a PI and I'm not even confident that my harrier can be sproperly looked after by the PI service centres for 10 years.

 

For people who haven't dealt with them before, i say good luck. For people who will ask me whuch PIs? I'll say most of them. I tried dealing with a big medium and small PI - all equally dodgy and flip like prata man.

 

Good luck to Harrier buyers, need any advice can PM me.

 

Well I guess not all PI are the same. I guess there are not angel either. Some better one will do their best to service their clients. It is like buying insurance, they will court you because it is their only chance to get the deal. They will not likely to see you buying a new car in the next 3-7 years. The good ones will think longer term by giving good service, hoping that their clients will recommend other friends. Frankly, most PI will move on from your sales once the car is delivered.

 

Even AD SE will be the same, you will not see them handling your aftersale feedback after the car is delivered. PI will probably be better serving their customers since they are smaller setup, closer to the customer. That's my view.

 

IMO, It is more important to get a reliable aftersale workshop, more important than the PI since they will be looking after the maintenance of our cars for the next XX years.

 

Don't flame me if you disagree.

[bingkok]

I got my Harrier mileage is less than 10km.

My understand is the car need to went thru Vitas and Vicom. My PI drove the to test centre as their showroom is very near and they keep my car in the show room. Other than that they din touch the car.

Beside inspection, I wasn't sure about installing the HU. But I am sure for changing our back seat mirror and carpet are at their showroom

[EG73]

  On 5/21/2015 at 12:22 AM, efssc said:

 

I think he meant $4k difference when you compare the 2 interest rates against a 50% loan.

 

If you compare a 50% loan against an 80% loan the difference is already 1:1.6, so no surprise that the absolute dollar value is nearly double.

 

And don't forget the compounding effects of a 5 year loan, not a lot in this case (around $600 more for the 50% loan and $1400 for the 80%) but will make a huge impact if we're talking about mortgage or something of that magnitude.

Also considering the interest of some bank already start move up to 2.68%. I am not surprise if will go over 3% next year for normal bank. If I recalled correctly, 7-8 years ago interest can go as high as 4% to 6% over 7-10 years loan. For 10 years loan of 100K, people are paying 1.2k monthly but a big interest of more than 40K but people still buy car and take such loan. Now at least it is better as you only suffer 5 years of high monthly payout. If you spread the interest across the life spend of the car (10 years), it is only 2K per year. Also considering putting 50K (paying 20% of car price and keep 30% in bank) in bank or investment (example buying government bond), you can earn interest or profit which make the 2K interest per year less. The most important is when you lost you job, you can still pay the car with that 50K to buy you time getting another job. This is my 2 cents of thought in this case.

Edited May 21, 2015 by EG73

[EG73]

  On 5/21/2015 at 1:07 AM, bingkok said:

I got my Harrier mileage is less than 10km.

My understand is the car need to went thru Vitas and Vicom. My PI drove the to test centre as their showroom is very near and they keep my car in the show room. Other than that they din touch the car.

Beside inspection, I wasn't sure about installing the HU. But I am sure for changing our back seat mirror and carpet are at their showroom

 

Me too, less than 10km. Understand that my PI vendors come to the show room to fit the accessories, polish the car instead of driving the car all over the place. This is to prevent any unnecessary damaged to the car before it delivery to the customer. There are some good PI and bad one, this goes the same for authorized car dealer. l have bad experience with authorized car dealer who give me a pain in the as*** too, the car was delivered with millage more than 30K.

[Ongkmeng]

  On 5/19/2015 at 6:35 AM, EG73 said:

Prime Cars and agent is Gordon. He is very promising guy and go all the way to help me fix the loan and trade in the existing old car with my suggested pricing (without event view my car). Actually I feel bad because I give him a lot of trouble by change my earlier booking from a vezel to Harrier at very last minute, he still assist me all the way to get the car for me on 8 May 15. He put the delivery date on the black & white and if can't delivery or loan cannot approve, the company will refund everything back. I highly recommend him if you want to get a car from PI.

 

I have also encountered Prime before but did not get to deal with them. In general, their prices are higher than their neighbours which could be why they are willing to do full cash deal without penalty.

 

I was in their showroom 2 months ago, genuinely wanted to get a Elegance non-moonroof from them. I asked for a discount 1k, he asked me for my NRIC and credit card, to speak to his boss. I thought it was a done deal. A few minutes later, he told me he cannot discount. I will fuming and decided to walk away from the deal. I am glad to walk away, because I got a better deal at another PI after that.

Edited May 21, 2015 by Ongkmeng

[shunyang]

  On 5/21/2015 at 1:07 AM, Ongkmeng said:

 

Well I guess not all PI are the same. I guess there are not angel either. Some better one will do their best to service their clients. It is like buying insurance, they will court you because it is their only chance to get the deal. They will not likely to see you buying a new car in the next 3-7 years. The good ones will think longer term by giving good service, hoping that their clients will recommend other friends. Frankly, most PI will move on from your sales once the car is delivered.

 

Even AD SE will be the same, you will not see them handling your aftersale feedback after the car is delivered. PI will probably be better serving their customers since they are smaller setup, closer to the customer. That's my view.

 

IMO, It is more important to get a reliable aftersale workshop, more important than the PI since they will be looking after the maintenance of our cars for the next XX years.

 

Don't flame me if you disagree.

Well said Ongkmeng , i agreed . so to reduce these problems , it advisable to get a long reputation PI . As their company name is important for long term .

[EG73]

  On 5/21/2015 at 3:22 AM, Ongkmeng said:

 

I have also encountered Prime before but did not get to deal with them. In general, their prices are higher than their neighbours which could be why they are willing to do full cash deal without penalty.

 

I was in their showroom 2 months ago, genuinely wanted to get a Elegance non-moonroof from them. I asked for a discount 1k, he asked me for my NRIC and credit card, to speak to his boss. I thought it was a done deal. A few minutes later, he told me he cannot discount. I will fuming and decided to walk away from the deal. I am glad to walk away, because I got a better deal at another PI after that.

 

sound like you have a bad experience. My agent give me discount without me asking, instead I ask for more and he actually get it for slight more discount. I when to Cartimes, the sale was quite good too but their trade in only 16K compare to Prime giving me 21K. The price for new car is cheaper by only 1K so I go for Prime instead.

[AndyTan1026]

Would like to install camera ( recorder 24 hours)... Quoted me $350 (included installation).. Price reasonable?

IROAD V7 wi-fi 2CH HD (front/real, 2 channel HD Driving Recorder).

[BenChoo69]

  On 5/20/2015 at 8:26 AM, AndyTan1026 said:

Anyone here can share when collect the new harrier car, what is the mileage har???

Hi bro, my mileage only 2.7km Never allow my car to be towed on the road... haha only if using flatbed to tow to Vicom or LTA or even showroom...... very "CAT" me !!!

Edited May 21, 2015 by BenChoo69

[legionx]

  On 5/21/2015 at 5:03 AM, AndyTan1026 said:

Would like to install camera ( recorder 24 hours)... Quoted me $350 (included installation).. Price reasonable?

IROAD V7 wi-fi 2CH HD (front/real, 2 channel HD Driving Recorder).

 

I heard iroad park function cannot work. something wrong with motion sensor. i called the installer and they said they didn't know whether the problem has been fixed.

 

If you don't enable park mode:

 

1. Battery will die faster as they discharge everyday when car is not moving

2. Car cannot start the next day because battery is discharged

3. camera operation will cause overheat and ultimately shorter camera lifespan

4. SD card may not be able to take the constant heat

5. not necessary to record 24hours, mainly on the road only. SG quite safe