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COE Bidding - March 2024

Carbon82

By Carbon82,
in General Car Discussion

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Vratenza

Vratenza

Supersonic
On 4/20/2024 at 2:31 PM, Theoldjaffa said:

Tesla keeps screwing their buyers. They just made them suffer a higher loss and that’s not good for customer loyalty.

just like how those W Residences buyers were screwed when new units were released at 40% off previous launch price.

Why Porsche Taycan, eMakan, BMW, I series, Mercedes EQ series no cut price leh... 😁

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Koster

Koster

3rd Gear
On 4/20/2024 at 4:39 PM, Rskc said:

I think the golden rule for car makers....just be humble. 😁

Agree. Just look at tesla ceo and byd ceo. 

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P0711142

P0711142

Neutral Newbie
(edited)

Any guru can advise what you think is the acceptable price to offer for second hand car from used car dealer? The car left with 7 years 7 month. COE 85k. OMV 35k. ARF 42k. Asking for 188k

Edited by P0711142
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Vratenza

Vratenza

Supersonic
On 4/21/2024 at 1:31 AM, P0711142 said:

Any guru can advise what you think is the acceptable price to offer for second hand car from used car dealer? The car left with 7 years 7 month. COE 85k. OMV 35k. ARF 42k. Asking for 188k

sgCarMart Quotz is Singapore's most reliable online car auction platform.  For car owners who want to sell their cars to dealers, we take away the pain of going to multiple shops to ask for quotations.  Car owners are able to obtain the highest offers for their cars through the sgCarMart Quotz bidding system which reaches out to over 500 used car dealers.   Car owners only have to make a single trip down to the sgCarMart Quotz office. Hand-over date of the vehicle is flexible and on top of that, we offer the highest price guarantee that our final quotation is the highest price in the market.   sgCarMart Quotz has been proven to derive higher value for sellers with success rates of more than 80% and multiple testimonies on its facebook page. We are also utilised by government agency such as National Environment Agency (NEA) to conduct vehicle auctions   Call 6744 7571 for enquiries or to book an appointment. More info at http://www.quotz.com.sg 
   

 

 
 

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Tohto

Tohto

Hypersonic
On 4/19/2024 at 4:57 PM, jogger said:

Needless to say, my 4th failed bid so far. Interestingly my SE has not contacted me to top up.

Is the car in stock in Singapore yet?

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jogger

jogger

1st Gear
On 4/21/2024 at 9:04 AM, Tohto said:

Is the car in stock in Singapore yet?

I'm not sure bro. My COE has not even been secured yet so I guess it doesn't matter...

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Mkl22

Mkl22

Supersonic
(edited)
On 4/21/2024 at 1:31 AM, P0711142 said:

Any guru can advise what you think is the acceptable price to offer for second hand car from used car dealer? The car left with 7 years 7 month. COE 85k. OMV 35k. ARF 42k. Asking for 188k

Paper value! What a ridiculous question. It depends on the make and model right?
You ask any car dealer to quote with only such a statement they sure tell you paper value. 
I let @Jamesc take over. 

Edited by Mkl22
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Vratenza

Vratenza

Supersonic
On 4/21/2024 at 9:13 AM, jogger said:

I'm not sure bro. My COE has not even been secured yet so I guess it doesn't matter...

My opinion.... There will be one group of NG buyers that the ADs will consider "let go" kind... Meaning the bhy price is so low and way below the current coe market, for them to make any profit, the buyers have to top up a crazy amount....so better off to just let the NG bids run out. 

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Jamesc

Jamesc

Hypersonic
On 4/21/2024 at 1:31 AM, P0711142 said:

Any guru can advise what you think is the acceptable price to offer for second hand car from used car dealer? The car left with 7 years 7 month. COE 85k. OMV 35k. ARF 42k. Asking for 188k

You mean acceptable price to you to buy or acceptable price the seller will sell?

I can chop sign guarantee 188 is the acceptable price for the seller, the more important question is 188 acceptable to the buyer? 

If not offer lower! Much lower.

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Jamesc

Jamesc

Hypersonic

If I go and see a car I offer what the seller is asking!

If the seller is asking too high I never even go and see!

:D

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Rskc

Rskc

5th Gear
On 4/21/2024 at 10:08 AM, Vratenza said:

My opinion.... There will be one group of NG buyers that the ADs will consider "let go" kind... Meaning the bhy price is so low and way below the current coe market, for them to make any profit, the buyers have to top up a crazy amount....so better off to just let the NG bids run out. 

Ya, seems like it. A couple of aggressive ads AFTER the expo show, are some ADs running out of orders to keep the narrative of COE will continue to surge?

 

Quote

Nicholas Wong, chief executive officer of Honda authorised agent Kah Motor, told Motorist: “Looking at the total number of bids received in this round, Cat A has dropped by 500 bids and Cat B has dropped by about 200 bids. The sales volume and bookings are better than usual, but not better than expected. We were expecting better sales. We’re waiting for LTA to announce the next COE quota for May to July, possibly tomorrow or this Friday (April 19).”

Unquote

https://www.motorist.sg/article/2754/april-2024-coe-results-2nd-bidding-the-coe-dragon-turned-on-its-afterburner-right-after-the-car-expo-especially-in-cat-a

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Jamesc

Jamesc

Hypersonic

Jokes aside the price you should offer is

price used car dealer paid + cost of operations (his rental, staff cost, electricity, interest on loans to buy car etc) + dealer profit.

If the dealer don't make a profit even a small one no point him selling the car. 

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Tohto

Tohto

Hypersonic
On 4/21/2024 at 9:13 AM, jogger said:

I'm not sure bro. My COE has not even been secured yet so I guess it doesn't matter...

Ask your SE, some of the stock has not arrived,  they will not bid aggressive.  Just bid lower to try luck. 

 

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Jamesc

Jamesc

Hypersonic

Asking a used car dealer how much you should pay for a used car

isn't that like asking a wolf how to protect the chickens?

:D

tom.gif.faa73e4aa0777661a1b0dbbf65e2cffa.gif

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RadX

RadX

Moderator

I have one principle in life and that is:

 

”if you need to ask the price…….”😂😂
 

and if u need to ask for freebies and all that stuff… shows…

 

hor @SiLangKia😂🪦

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