Ct3833 Supersonic March 5, 2021 Share March 5, 2021 6 minutes ago, Sunset73 said: Your understanding wrong leh. It's basically explaining with overtrade, the discount comes from the amount of dp to be coughed out, as compared to a direct discount from car price. I thought overtrade usually comes with a higher loan interest? In this illustration used, both were assumed to be the same at 2.5%? In the case of overtrade, it is assumed that the dp is still 80k, just that 30k "covered" by your trade in car. The loan amount is still 120k, albeit higher interest rate. Overtrade amount is used to offset from the upfront payment, thereby allowing one to take a higher loan, the interest in% reamins no change regardless of overtrade or without overtrade, of course the net interest in $ payable is higher because of a higher loan amount. ↡ Advertisement 2 Link to post Share on other sites More sharing options...
Sunset73 5th Gear March 5, 2021 Share March 5, 2021 (edited) Take a higher loan means on paper still states you 22 minutes ago, Ct3833 said: Overtrade amount is used to offset from the upfront payment, thereby allowing one to take a higher loan, the interest in% reamins no change regardless of overtrade or without overtrade, of course the net interest in $ payable is higher because of a higher loan amount. Take a higher loan means on paper written as 80k dp, but actual only 50k dp? But the loan amount is as per the 40% dp right? If so, means it's way better than taking "high loan" or inflating car prices to make up for the shortfall of dp. Edited March 5, 2021 by Sunset73 Link to post Share on other sites More sharing options...
Patwong 3rd Gear March 5, 2021 Share March 5, 2021 My understanding , example car selling price $100K. Existing car trade-in value $40K (paper plus body) Dealer offered overtrade $5K . Therefore total trade-in $45K. If loan required to buy car = $55K. Correct? Link to post Share on other sites More sharing options...
jxision 1st Gear March 5, 2021 Share March 5, 2021 Hi sorry to hijack this thread as I can't start a new one! wanna ask which is the best option to sell a pre-owned car which is only about 4 to 6 months old? consignment or like sell directly? Any dealer to recommend? Link to post Share on other sites More sharing options...
Sunset73 5th Gear March 5, 2021 Share March 5, 2021 3 minutes ago, jxision said: Hi sorry to hijack this thread as I can't start a new one! wanna ask which is the best option to sell a pre-owned car which is only about 4 to 6 months old? consignment or like sell directly? Any dealer to recommend? You can ask your friendly neighbourhood dealer @Jamesc 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic March 5, 2021 Share March 5, 2021 12 minutes ago, jxision said: Hi sorry to hijack this thread as I can't start a new one! wanna ask which is the best option to sell a pre-owned car which is only about 4 to 6 months old? consignment or like sell directly? Any dealer to recommend? What car is that ? Link to post Share on other sites More sharing options...
jxision 1st Gear March 5, 2021 Share March 5, 2021 1 minute ago, Ct3833 said: What car is that ? MX-5 RF Link to post Share on other sites More sharing options...
Soya Supersonic March 5, 2021 Share March 5, 2021 20 hours ago, RadX said: i have one principle If you have to think so much, come here seek opinions, buy-in, gain the mass to like your idea, means you CANNOT afford it! PEriod! Wah sei.....hard truths Link to post Share on other sites More sharing options...
Sunset73 5th Gear March 5, 2021 Share March 5, 2021 2 minutes ago, jxision said: MX-5 RF More details pls. You got me interested. Link to post Share on other sites More sharing options...
jxision 1st Gear March 5, 2021 Share March 5, 2021 Just now, Sunset73 said: More details pls. You got me interested. Sure, what details do u need?😀 Link to post Share on other sites More sharing options...
Soya Supersonic March 5, 2021 Share March 5, 2021 18 minutes ago, jxision said: Hi sorry to hijack this thread as I can't start a new one! wanna ask which is the best option to sell a pre-owned car which is only about 4 to 6 months old? consignment or like sell directly? Any dealer to recommend? Forget consignment, waste time. Your car maybe oso used as bait to lure buyers in but they land up selling their own more profitable stock instead. Sell direct or via quote 1 Link to post Share on other sites More sharing options...
jxision 1st Gear March 5, 2021 Share March 5, 2021 1 minute ago, Soya said: Forget consignment, waste time. Your car maybe oso used as bait to lure buyers in but they land up selling their own more profitable stock instead. Sell direct or via quote Quote as in sgcarmart's Quotz? Link to post Share on other sites More sharing options...
Ct3833 Supersonic March 5, 2021 Share March 5, 2021 (edited) 20 minutes ago, jxision said: MX-5 RF ask https://www.quotz.com.sg/ and ask a few more quotes from dealers to get the best deal out of it. Will send you a PM as well but that is for reference only. Edited March 5, 2021 by Ct3833 1 Link to post Share on other sites More sharing options...
jxision 1st Gear March 5, 2021 Share March 5, 2021 17 minutes ago, Ct3833 said: ask https://www.quotz.com.sg/ and ask a few more quotes from dealers to get the best deal out of it. Will send you a PM as well but that is for reference only. okay thank you. I tried asking quotz few days back but they say there's no reference in the market for them to provide a valuation for this vehicle as the vehicle is still too new lol Link to post Share on other sites More sharing options...
Ct3833 Supersonic March 5, 2021 Share March 5, 2021 11 minutes ago, jxision said: okay thank you. I tried asking quotz few days back but they say there's no reference in the market for them to provide a valuation for this vehicle as the vehicle is still too new lol Hi, my sincere apologies!! MX5 RF is very new, I saw it wrongly thought 4-6months left. What a blunder I have made! please ignore my message. 1 Link to post Share on other sites More sharing options...
Mkl22 Supersonic March 5, 2021 Share March 5, 2021 1 hour ago, jxision said: Sure, what details do u need?😀 auto/manual? 1.5/2.0? colour?😁 Link to post Share on other sites More sharing options...
Weez911 Supersonic March 5, 2021 Share March 5, 2021 22 hours ago, RadX said: you CANNOT afford it! Thanks for saying out loud. The numbers and the % sign here give me very bad headache. Need a lie down. Link to post Share on other sites More sharing options...
Ct3833 Supersonic March 5, 2021 Share March 5, 2021 Wondering why TS wants to sell it so soon. I cannot afford though, just keh po. ↡ 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
Price Increase After Purchase?
Price Increase After Purchase?
Now overtrade still happening or not?
Now overtrade still happening or not?
Kah Motor Overtrade Prices
Kah Motor Overtrade Prices
Possible to overtrade when buying 2nd hand car
Possible to overtrade when buying 2nd hand car
Overtrade Mystery
Overtrade Mystery
Overtrade
Overtrade
What is OverTrade?
What is OverTrade?