7007 2nd Gear January 10, 2013 Share January 10, 2013 (edited) One pocket out another pocket in! So it's really LPPL, period! Edited January 10, 2013 by 7007 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Cars08 1st Gear January 10, 2013 Share January 10, 2013 So the savings\rebate is actually offset from the omv ? if so then there is no real savings at all, as you pay less but end up getting back less also. what a farse ! Now u know Ah Gong dun usually give money to u hor...gib u using right..take back from left...end up u feeling worse off.... 1 Link to post Share on other sites More sharing options...
Cars08 1st Gear January 10, 2013 Share January 10, 2013 One pocket out another pocket in! So it's really LPPL, period! No no....take from u to gib u...n then back into their own pocket... Link to post Share on other sites More sharing options...
Civic6228 6th Gear January 10, 2013 Author Share January 10, 2013 OMV 22k Tax and ARF (120%) 26K (approx) Total 48k Less CEVS 15k = 33k PARF should remain as 55% of OMV = $12k. Depreciation = (137k - 12k)/10 = $12.5k/year. As you can see it doesn't make much difference from your calculation where scrap value is $3.5k. Isn't time an amazing thing? :) For your without rebate calculation, your price should be 152k not 145k. The whole of the 15k is deducted from the selling price. Nah, the rebate will come off the PARF .... scrap the car in ten years, the PARF recate would be reduced. Link to post Share on other sites More sharing options...
Deckbuild 6th Gear January 10, 2013 Share January 10, 2013 No no....take from u to gib u...n then back into their own pocket... Best description ever Link to post Share on other sites More sharing options...
Deckbuild 6th Gear January 10, 2013 Share January 10, 2013 Also to add: CEVS is to encourange ppl to go towards green vehicle, but whats happening now is it's punishing those that are buying neutral vehicle which ends up everyone just go for those high end green conti cars. Link to post Share on other sites More sharing options...
Chevycavy 1st Gear January 10, 2013 Share January 10, 2013 Yes, CEVS is to encourange users to go towards greener cars, but because lots of cars which are already under the CEVS band only receive their rebate this year which means COE are being pushed up again due to the rebate. It's an example of left pocket to right pocket, and worst, those car that doesn't fall under the CEVS band have their prices pushed even further north. If govt really wanna encourage green, they should use other methods such as road tax rebate etc. That's true, it looks like COE went up due to the intro of CEVS. For me, I see the COE's objective being the control of car population (correct method or not is not discussed) while CEVS' objective is to sway buyers who can still afford x amt of COE towards greener cars. Anyway it's newly introduced and I'm sure there will be tweaks in the future. All I know is that there are still lots of rich ppl around. Link to post Share on other sites More sharing options...
Civic6228 6th Gear January 10, 2013 Author Share January 10, 2013 Talk until got dragon got tiger .... at the end LPPL ... WTF .... Big Con job .. Link to post Share on other sites More sharing options...
Deckbuild 6th Gear January 10, 2013 Share January 10, 2013 That's true, it looks like COE went up due to the intro of CEVS. For me, I see the COE's objective being the control of car population (correct method or not is not discussed) while CEVS' objective is to sway buyers who can still afford x amt of COE towards greener cars. Anyway it's newly introduced and I'm sure there will be tweaks in the future. All I know is that there are still lots of rich ppl around. Hopefully they tweak it.... Previously, no CEVS, green cars are given 40% off based on their OMV, my car OMV around 22k, rebate amount at 8.8k. Now eligible for 20k rebate but due to MUST have 5k left for OMV, can only rebate 15k. But due to high COE, no one is going towards Jap cars now as the price are not attractive at all. I just calculated, the net price for a Prius C brand new now cost $141k, tell me which will most go for? Really hope they will just use road tax and remove that CEVS so that all cars have a fair selling price... Link to post Share on other sites More sharing options...
Deckbuild 6th Gear January 10, 2013 Share January 10, 2013 Talk until got dragon got tiger .... at the end LPPL ... WTF .... Big Con job .. When popular car models enjoy rebate, sure will sell until got dragon got tiger. Link to post Share on other sites More sharing options...
Blackyv Turbocharged January 10, 2013 Share January 10, 2013 Talk until got dragon got tiger .... at the end LPPL ... WTF .... Big Con job .. Long long ago I already given up hope of any 'rebate'from them... whenever they say rebate, I sweat... 1 Link to post Share on other sites More sharing options...
Cars08 1st Gear January 10, 2013 Share January 10, 2013 Long long ago I already given up hope of any 'rebate'from them... whenever they say rebate, I sweat... By definition of rebate is to take from u n gib u back mah...they never say discount hor...it is our understanding of the term.... When they say rebate...u mus ask from where...why many so happy n think Ah gong gib money...Ah gong only take more...seldom gib more... Link to post Share on other sites More sharing options...
Civic6228 6th Gear January 10, 2013 Author Share January 10, 2013 By definition of rebate is to take from u n gib u back mah...they never say discount hor...it is our understanding of the term.... When they say rebate...u mus ask from where...why many so happy n think Ah gong gib money...Ah gong only take more...seldom gib more... Agreed ... rebate not equal discount .... Nett-Nett ... better for Ah Gong ... as COE went up .... Ah Gong nvr gib but take more. Link to post Share on other sites More sharing options...
Fuelsaver Supercharged January 10, 2013 Share January 10, 2013 ya, give u rebate, take back ur parf LOL... win-win for them, lose-lose for car owners. Link to post Share on other sites More sharing options...
Fuelsaver Supercharged January 10, 2013 Share January 10, 2013 Long long ago I already given up hope of any 'rebate'from them... whenever they say rebate, I sweat... not only sweat, but cardiac arrest! Link to post Share on other sites More sharing options...
Fuelsaver Supercharged January 10, 2013 Share January 10, 2013 I found out the details from my SE and I am really confused if car buyers are actually getting any saving/advantage at all. From my understanding, the rebate is coming off the PARF value for the car. Take for example, VW Mark 7 1.4 Golf With the rebate Launch price = 137k OMV = 22k .... CEVS rebate - 15k In ten years, the scrap value/PARF rebate = 22k-15k = 7k x 50% = 3.5k Depreciation of the car over 10 years = (137 - 3.5) = 133,500/10 = 13,350 per year Without the rebate, Price = 145k (Estimate) OMV = 22k In ten years, the scrapPARD rebate = 22k x 50% = 11k Depreciation of the car over 10 years = (145 - 11) = 134,000/10 = 13,400 per year Looking at the above example, there is no saving/advantage for the car buyers, depreciation remain the same. To me, it is really LPPL. LTA is very good in coming out with idea, giving rebates at no advantage to the car buyers. Am I missing something here ? no bro, u spot on. i enquired about b200 also, with cev, depre = 15+k; w/o cev, depre = 16+k. not too much of diff imho. u think ppl who can afford 100k+ car cares about rebate anot? Link to post Share on other sites More sharing options...
Cars08 1st Gear January 10, 2013 Share January 10, 2013 not only sweat, but cardiac arrest! now u know why they place this in public area... There's always a reason n need....cant afford to kill the cash cow... Link to post Share on other sites More sharing options...
Fuelsaver Supercharged January 10, 2013 Share January 10, 2013 That is precisely my point ..... really LPPL and there is no/little saving/advantage to the car buyers ... I was surprised when my SE explain the details to me about the rebate. I am wondering how many people bought the new car thinking that they have a "great deal" with the CEVS rebates. garment / minstry never sincere about offering real rebates; such rebate / credit scheme always come back to benefit the bosses of country. certain offset must made up with certain payback, agree not? ↡ Advertisement Link to post Share on other sites More sharing options...
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