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375 replies to this topic | 302 praises

#1

Posted 20 May 2009 - 01:32 PM

Achtung
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I am wondering, are admin fees or football fees or whatever u call it... are they still in 'fashion'?

If so, then it makes buying a 2nd hand car more costly. Admin fees lar, lagi transfer fees, lagi higher loan interest etc


If you cannot differentiate a TP from an LTA officer, you ain't a car enthusiast.

Have you come here to play Jesus, to the Lepers in your head? U2 - One

#2

Posted 20 May 2009 - 01:51 PM

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I am wondering, are admin fees or football fees or whatever u call it... are they still in 'fashion'?

If so, then it makes buying a 2nd hand car more costly. Admin fees lar, lagi transfer fees, lagi higher loan interest etc


Admin fees is bull....... they earn enough from your loan and sale of car and if you trade in your car, they will earn from it too..... never have paid admin fees and never will pay....... unless no loan and no car trade in but even then they will sell you the car at higher price thus there still should not be any admin fees.
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#3

Posted 20 May 2009 - 02:05 PM

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Bought my car from Pinnacle Pre-O last year and there is admin charges. I was looking out for that too..

#4

Posted 20 May 2009 - 02:10 PM

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don't bother with watever fee.

just ask them put down in writing what you need to pay,
watever donkey/monkey fee included,
then see whether you like the final numbers or not.

#5

Posted 20 May 2009 - 02:34 PM

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Ask for waiver.

#6

Posted 20 May 2009 - 02:54 PM

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I dont think there are anymore of such fees, otherwise, just walk away from the deal.


When I got my car, I just gave my SE a S$10 ang bao and his assistant SE(understudy) S$2 ang bao. biggrin.gif

#7

Posted 20 May 2009 - 03:01 PM

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there should be none, have never paid any.


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#8

Posted 20 May 2009 - 03:23 PM

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last time i heard transfer fee is $1000?

#9

Posted 20 May 2009 - 03:25 PM

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Bought a 2nd hand car recently, no admin fee or extra fee. Paid exactly what I negotiated for. This kind of thing depends on the dealer probably.

#10

Posted 20 May 2009 - 05:23 PM

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Surely, u gotta bear the xfer fee right?

Bought a 2nd hand car recently, no admin fee or extra fee. Paid exactly what I negotiated for. This kind of thing depends on the dealer probably.


If you cannot differentiate a TP from an LTA officer, you ain't a car enthusiast.

Have you come here to play Jesus, to the Lepers in your head? U2 - One

#11

Posted 20 May 2009 - 06:19 PM

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sorry.. hijack ur post.. anyone know if its possible to trade-in my COE car for another COE car?? cos i intend to change my '92 corolla to a '99 BMW.. want to know if its possible..

if yes, any good and reliable 2nd hand car dealers to recommend? thanks

#12

Posted 20 May 2009 - 06:31 PM

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Surely, u gotta bear the xfer fee right?



Not necessary
Sometimes is already lup inside the whole package.
Buy in price and sell out price for 2nd hand dealers can have difference as low as 4k.
Thats their buffer....but if lucky they buy in lower and sell higher, thats their profit.




#13

Posted 20 May 2009 - 07:59 PM

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when i was looking for my teg, xxxtxmes quoted me $500 loh as part of the package, lucky i nvr buy in the end~ its bull manz

#14

Posted 20 May 2009 - 08:23 PM

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so means transfer fee is rubbish one? zzz

#15

Posted 21 May 2009 - 11:01 AM

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this admin fee is crap..

call it saleman's commission..

when i got my ride, a 2nd hand car, was quoted $500 admin fee.
then it came down to $200.

Well, i still gave him as i got my rider relatively cheap.
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#16

Posted 21 May 2009 - 11:04 AM

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admin fee is all bull lah....

another term they like to use is "football money"

bloody hell, they already earn so much from the profit margin, loan commission, car insurance commission.... still not enough?
This is my country, this is my life. This is my people.

#17

Posted 21 May 2009 - 12:43 PM

Picanto

admin fee is all bull lah....

another term they like to use is "football money"

bloody hell, they already earn so much from the profit margin, loan commission, car insurance commission.... still not enough?


no businessman in this world will think they have make too much profits.

#18

Posted 21 May 2009 - 12:52 PM

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last time i heard transfer fee is $1000?



transfer fee is 3% of ARF if i rem correctly. no fixed amount
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#19

Posted 21 May 2009 - 01:53 PM

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admin fee is all bull lah....

another term they like to use is "football money"

bloody hell, they already earn so much from the profit margin, loan commission, car insurance commission.... still not enough?


"football money" is different from "admin fee". it is some sort of arranging fee/upfront interest/risk premium for arranging financing for COE cars. apparently the financing is in-house so greater risk.

"admin fee" is what they try to charge for paper work involving the sale of the car. market rate is $500? benzworld tried to charge me when i got my first car from them. it only appeared in the final statement after i paid the initial deposit, so can't just walk away. i kpkb with them for 3 days till they finally dropped it.

best was when they claimed it is to cover their cost when they arrange for financing/insurance etc. so i called both finance company and bank, and neither said there were any fees, let alone fees of up to $500. got a contact and dropped names at BW and asked for telephone conference. they dropped it.



#20

Posted 21 May 2009 - 02:10 PM

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"football money" is different from "admin fee". it is some sort of arranging fee/upfront interest/risk premium for arranging financing for COE cars. apparently the financing is in-house so greater risk.

"admin fee" is what they try to charge for paper work involving the sale of the car. market rate is $500? benzworld tried to charge me when i got my first car from them. it only appeared in the final statement after i paid the initial deposit, so can't just walk away. i kpkb with them for 3 days till they finally dropped it.

best was when they claimed it is to cover their cost when they arrange for financing/insurance etc. so i called both finance company and bank, and neither said there were any fees, let alone fees of up to $500. got a contact and dropped names at BW and asked for telephone conference. they dropped it.


Bro, was there a invoice that you signed when you paid the downpayment? If your copy of the invoice does not include any admin fees, they can still claim from you?


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