Admin Fee for Buying 2nd Hand Car

[Geforce]

This so-call admin fee aka "football money" or "tak-kew-looi" in Hokkien, any dealer or kaki here can clarify the purpose of charging this amount? What is the amount that is charge, ie. percentage?

 

Dealer on one hand already mark up the price of used car and yet want to earn some more?

 

Thanks.

[Guyver]

U go tell them u.... kick the ball yourself....

[Genie47]

Screw them lah! It is the money to renew the road tax. In other words, you fork out the money for the road tax. The premium above the road tax amount is payment for services to run to LTA to renew the road tax. Tok here tok there, call it admin charge.

[Arah]

Dun forget the drafting of the new agreement fee.

[Lufu]

buying second hand car is literally walking on mine field. If you are lucky, emerge alive (saving money), unlucky, lose a limb or so.

 

Last time when I brought second hand car, they got those hidden cost like Admin fee, processing fee, transaction fee. Typically $500-1000 in total.

 

And its never fun dealing with hooligans. Before you put down the deposit they are all angels. After deposit, became the devil.

[Jiayong]

totally agreed...charged me $500 handling fees and now that my yearly insurance come and i did some recaluculation, they earn from my first insurance payment too..

 

Not that they dont need to earn...but they have already earned $4k out of me from the car..still want to squeeze alittle here alittle there...hmph.

[Ah_veo]

buying from 2nd dealer muz make sure everything in black & white.

but....somehow, i felt that their attitude hv change better the last couple of yrs. i may be wrong.

[Guyver]

So far... I got a fren that I know well from Army days that usually settle everything for me.. when I get my 2nd hand car from him.... yes... there are some standard fee which I know I have to pay... but he'll explain what those are.... and if can take out... he'll take it out for me also... but yet I dun expect that the car i get from him will be the cheapest... but so far the cars are generally problem free...

[Luckcent]

have bought a few times 2nd hand car and did not pay an extra cent for all these so called " fees "

[Soya]

maybe built into the price liao.

[Luckcent]

not true cos agreed price and then process the ins. and loan much later.

[Soya]

actually, i've oso not paid but juz got me thinking maybe it's hidden somewhere.

[Luckcent]

agreed but if anything fishy turns up, always just walk away from the deal and the dealer can go and fly kite. haha

[Tito00]

hahaa...lucky i got frd whose parents own a finance company for car credit one. They help me to do all the transfer for free but charge the other party $150.

[Weetiong]

Hi, Tito00

 

yr fren's parents' coy got do refinance car loan or not?

 

 

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Replying to : Tito00

Post: hahaa...lucky i got frd whose parents own a finance company for car credit one. They help me to do all the transfer for free but charge the other party $150.

[Luckcent]

as long as dont pay anything except the agreed purchase price is good enough liao lah....

[Elina]

if the dealer not charging u any admin fee, most likely he already build into your purchase price. for my current 2nd hand car, the dealer insisted on charging the admin fee, say cannot waive one. therefore, i bargain with him on the purchase price. in the end, quite satisfied with the price i got. the 2nd hand car mrkt is quite bad now, so bargain all u can, just walk away if the dealer not willing to lower the price.