BMW expected to appoint second dealer in Singapore

[Rickster]

17 hours ago, waihoong2001 said:

Any good offers? Or all prices going up after COE rise?

From PML side, good offers usually comes in the form of outgoing models and event cars.

I know one of their top SE there. PM me for contact.

[fxsg123]

Can I check the following deal can take?

Looking for my first BMW

I216GC @210,888

My Aug 2016 can trade in/OT @90K. (I paid 100K in 2016)

Need to take 50% loan at 106000.

interest rate is 2.78%. I intend to pay for one year then full redemption with cash.

Wondering should I rush as my current ride can only drive for another 3yrs+. 

On the other hand, 210,888 for i216 I feel too high

Edited November 14, 2022 by fxsg123

[Rickster]

6 hours ago, fxsg123 said:

Can I check the following deal can take?

Looking for my first BMW

I216GC @210,888

My Aug 2016 can trade in/OT @90K. (I paid 100K in 2016)

Need to take 50% loan at 106000.

interest rate is 2.78%. I intend to pay for one year then full redemption with cash.

Wondering should I rush as my current ride can only drive for another 3yrs+. 

On the other hand, 210,888 for i216 I feel too high

Bro, the price u quoted is based on listed price before discount.

Don't quote me, but I think u can easily get the car below 200K when u walk in and enquire about the discount they have. Either that, or u may want to check out the A180 across the road, it's going at around $187K right now.

Edited November 15, 2022 by Rickster

[Soya]

8 hours ago, fxsg123 said:

Can I check the following deal can take?

Looking for my first BMW

I216GC @210,888

My Aug 2016 can trade in/OT @90K. (I paid 100K in 2016)

Need to take 50% loan at 106000.

interest rate is 2.78%. I intend to pay for one year then full redemption with cash.

Wondering should I rush as my current ride can only drive for another 3yrs+. 

On the other hand, 210,888 for i216 I feel too high

Onli u can decide if it's worth the switch. So what do u want to hear?

(a) If wanna buy: "Wah...almost free usage for 6 yrs, good deal. Buy!"

(b) If u wanna run road: "Hallo...they can give u high trade in coz u taking the OT so gotta buy at full list price la. Sure boh?"

 

[fxsg123]

1 hour ago, Soya said:

Onli u can decide if it's worth the switch. So what do u want to hear?

(a) If wanna buy: "Wah...almost free usage for 6 yrs, good deal. Buy!"

(b) If u wanna run road: "Hallo...they can give u high trade in coz u taking the OT so gotta buy at full list price la. Sure boh?"

 

Hi thanks both! 

If I take the deal, will be my first BMW but I hardly change car so I’m inexperienced. I tried to do some research and visited a number of show room to understand the current market.

My inexperience thought is currently not a good time to buy (mass market) new car due to high COE and inflation. On the other hand, I know my Honda remaining 3.5 years won’t  able to fetch me any good value if I continue to wait. I have to act now, either sell it off or trade in else my scrap value only $3K.

Edited November 15, 2022 by fxsg123

[Rickster]

26 minutes ago, fxsg123 said:

Hi thanks both! 

If I take the deal, will be my first BMW but I hardly change car so I’m inexperienced. I tried to do some research and visited a number of show room to understand the current market.

My inexperience thought is currently not a good time to buy (mass market) new car due to high COE and inflation. On the other hand, I know my Honda remaining 3.5 years won’t  able to fetch me any good value if I continue to wait. I have to act now, either sell it off or trade in else my scrap value only $3K.

Basically, the COE is widely expected to go further up or remain around this level till Q1 next year due to LTA's COE quota. But if you're willing to wait till your Coe expire, my guess is that the Coe will come down somewhat.

Maybe by then, the same price can get you a 218 or a 318, which is noticeably much better and enjoyable to drive.

Perhaps your may want to test drive higher end models to see if it's worth to wait?

 

[Soya]

39 minutes ago, fxsg123 said:

Hi thanks both! 

If I take the deal, will be my first BMW but I hardly change car so I’m inexperienced. I tried to do some research and visited a number of show room to understand the current market.

My inexperience thought is currently not a good time to buy (mass market) new car due to high COE and inflation. On the other hand, I know my Honda remaining 3.5 years won’t  able to fetch me any good value if I continue to wait. I have to act now, either sell it off or trade in else my scrap value only $3K.

If any AD is willing to take in a 6.5yr old Honda for 90k, there are more red flags than tiananmen square.....

Your current downsides are manageable as car will scrap in 3.5yrs

Once COE drops, ask yourself how much loss u prepared to take after paying full list price on a 216 

 

 

[t0y0ta]

5 minutes ago, Soya said:

If any AD is willing to take in a 6.5yr old Honda for 90k, there are more red flags than tiananmen square.....

Your current downsides are manageable as car will scrap in 3.5yrs

Once COE drops, ask yourself how much loss u prepared to take after paying full list price on a 216 

 

 

The "high" trade-in on his current 7yo Jap ride includes the huge discount that otherwise he will get on his 210k entry of entry level bimmer.

[t0y0ta]

58 minutes ago, fxsg123 said:

Hi thanks both! 

If I take the deal, will be my first BMW but I hardly change car so I’m inexperienced. I tried to do some research and visited a number of show room to understand the current market.

My inexperience thought is currently not a good time to buy (mass market) new car due to high COE and inflation. On the other hand, I know my Honda remaining 3.5 years won’t  able to fetch me any good value if I continue to wait. I have to act now, either sell it off or trade in else my scrap value only $3K.

Bro you must calculate it from an annual depreciation perspective.

By continuing to use your 2016 honda, your annual depreciation on COE is probably only around 4-5k

Once you throw current ride and switch to the new bimmer, your COE annual cost is going to be 11k

The rest of the vehicle annual deprec is stable, just dependent on what car you are using (expensive conti with high OMV will be higher than cheap Jap with lower OMV). 

Also consider that whenever you throw away a car early (before 10 year), you will kena extra cost (because someone will be making money out of your old-car-sale transaction)

[fxsg123]

5 minutes ago, Soya said:

If any AD is willing to take in a 6.5yr old Honda for 90k, there are more red flags than tiananmen square.....

Your current downsides are manageable as car will scrap in 3.5yrs

Once COE drops, ask yourself how much loss u prepared to take after paying full list price on a 216 

 

 

Hi, thanks!

Can you share if possible why BML willing to take in my 6.5yrs old Honda for 90k without even checking my car condition? Not even a look. I really curious and don’t understand,

I read the whole forum, some said OT is good, most said it’s a trap. The reality to me is $90k. I also asked for more cash downpayment.

 

 

 

[Soya]

13 minutes ago, fxsg123 said:

Hi, thanks!

Can you share if possible why BML willing to take in my 6.5yrs old Honda for 90k without even checking my car condition? Not even a look. I really curious and don’t understand,

I read the whole forum, some said OT is good, most said it’s a trap. The reality to me is $90k. I also asked for more cash downpayment.

 

OT has been discussed to death liao so if still can't understand then nothing more to say......

 

[Rickster]

18 minutes ago, fxsg123 said:

Hi, thanks!

Can you share if possible why BML willing to take in my 6.5yrs old Honda for 90k without even checking my car condition? Not even a look. I really curious and don’t understand,

I read the whole forum, some said OT is good, most said it’s a trap. The reality to me is $90k. I also asked for more cash downpayment.

High trade in value (aka OT) for your car is usually done by premium car dealers. Sometimes they are unable to give an outright discount due to commercial/contractual obligations. So they use the high trade in value as a form of discount.

They will inspect and do a test drive of your car before taking in your car. If your car did not exhibit any obvious symptoms of serious problems (e.g. gearbox failure, car cannot start), you will get the amount they promised you for your used car.

There is no fixed way that a dealer can do OT. So sometimes the deal can be good and other times, absolutely a rotten deal.  You have to see the entire OT and purchase of a new car in it's entirety. 

For your case, I'd suggest:

1) Find out how much your car is worth if you sell it directly on the market. Use the asking prices in SGcarmart and minus off 2-3k, that is likely the price your car can fetch if you sell it directly on the market. 

2) Find out how much will PML/Eurokars sell you the 216i without any trade in.

3) You should be able to now know if trading in your car is worth or not.

[fxsg123]

12 minutes ago, Rickster said:

High trade in value (aka OT) for your car is usually done by premium car dealers. Sometimes they are unable to give an outright discount due to commercial/contractual obligations. So they use the high trade in value as a form of discount.

They will inspect and do a test drive of your car before taking in your car. If your car did not exhibit any obvious symptoms of serious problems (e.g. gearbox failure, car cannot start), you will get the amount they promised you for your used car.

There is no fixed way that a dealer can do OT. So sometimes the deal can be good and other times, absolutely a rotten deal.  You have to see the entire OT and purchase of a new car in it's entirety. 

For your case, I'd suggest:

1) Find out how much your car is worth if you sell it directly on the market. Use the asking prices in SGcarmart and minus off 2-3k, that is likely the price your car can fetch if you sell it directly on the market. 

2) Find out how much will PML/Eurokars sell you the 216i without any trade in.

3) You should be able to now know if trading in your car is worth or not.

Hi Rickster,

Thanks for your advise on this as well as the previous on if I can wait till my current coe expired.

[Soya]

58 minutes ago, t0y0ta said:

The "high" trade-in on his current 7yo Jap ride includes the huge discount that otherwise he will get on his 210k entry of entry level bimmer.

Aka hv to borrow extra money to meet min downpayment....

 

[L23]

1 hour ago, fxsg123 said:

Hi, thanks!

Can you share if possible why BML willing to take in my 6.5yrs old Honda for 90k without even checking my car condition? Not even a look. I really curious and don’t understand,

I read the whole forum, some said OT is good, most said it’s a trap. The reality to me is $90k. I also asked for more cash downpayment.

 

 

 

I will call it a very good deal if anyone offer 90k for your 6.5 yours Honda (without u buying any car from them).😁

[fxsg123]

11 minutes ago, Soya said:

Aka hv to borrow extra money to meet min downpayment....

 

Hmm… I’m being told I can’t full payment (my intention) for this offer. However, I’m trying to increase the downpayment sum. 

[fxsg123]

4 minutes ago, L23 said:

I will call it a very good deal if anyone offer 90k for your 6.5 yours Honda (without u buying any car from them).😁

I also wish but that’s won’t be possible. Six years ago also not possible.

Edited November 15, 2022 by fxsg123

[oleoleole]

17 minutes ago, Soya said:

Aka hv to borrow extra money to meet min downpayment....

 

Hope you dont take offence, but you're wrong. At least OT in PML's case dont work this way