Need some advice - cat E issue

[Pool100]

Hi bros, just wanna ask something about the cat E (open category).

 

My friend booked a car last week and expected C&C to place a cat A bid for him the last round. However, the company didn't and instead gave him an october Cat E coe (worth 10k+ as that month's coe was 10k+).

 

His key question is:

 

1) Must the company be up front that they are offering a Cat E and pegged to which month? and can the buyer refuse that Cat E?

 

2) How long does it take to register cat E? Cos my friend rejected that offer but the SE said already registered. So can't back out.

 

Anyone can help? Thanks!

[Roh96]

What is the sale agreement between them? Did your friend ask for guarantee COE?

[Akula]

Normally written somewhere (small print) on the sales agreement that the company reserves the right to use CAT E blah blah blah.

 

CAT e valid for 3 months

 

Actually if its the Month of October CAT E not much of a prob, provided that that bid the corresponding Cat A or Cat B price quite similar or his coe rebate price on the sales agreement is low,i.e Whatever the COE Cat used he wun get a rebate.

[Marquee]

Buyer can certainly insist certain cat in writing. In your friend case, why would he reject Cat E when the previous month was $10k+?

 

In any case, your freind is not going to benefit anything from current cat A.

[Pool100]

No he didn't ask for guaranteed coe. But I think he did sign cat A bidding authorization form and Cat E authorization.

 

But even if he had signed the forms, is the company still obliged to let him know which month's Cat E is he being offered; and can he reject?

[Pool100]

He was a bit pissed cos he could have gotten a Cat A at a low price the last round... and subsequently gotten a good rebate... and the SE gave him the impression that they were going to bid for him.

 

It's also a matter of principle I guess... that the SE be up front with him on what they're going to offer him.

[Silver_blade]

I think your friend should just accept the Cat E (Oct)..cos the diff is only about $1+k. Think most ADs have a clause giving them the rghts to give their customers Cat E COE.

[Ghostrider]

I think your friend bought the guarantee COE package.

 

If its last month open CAT then still not so bad...if its this month then seow liao.

 

Things your friend have to check

 

1) How much is the COE pegged when he sign on sales agreement. Is the open CAT higher or lower than the pegged rate ? If higher, no cause for alarm...if lower...ask for your rebate back.

 

2) ensure that the open CAT is not value at S$2.00

 

Other than that....if the diff between the open vs A CAT is a bit...forget it lor....just take the car as long as there is no other hidden cost.

 

For my case, the SE die die want my car to come out (cos car no out from showroom....they no get any money)....so when my CAT B bid fail...he propose to me use open CAT....diff between CAT B and open was only $500....so I agree lor (since he threw a lot of freebies to me).

[Akula]

Bro, Your Friend DID SIGN the CAT E authorization form after all, What more to talk abt? Some companies only have a small small print right at the end of the sales agreement. TOO BAD if one fail to noticed.

[Leepee]

Thanks for the information.

This shows that delears are desperate to use up the Open Cat to register as many cars as possible.

Since this round, the Open cat will most likely be used to register CatB cars, meaning excess COE for big cars to play with.....meaning to say...next round will be CatB turn to crash.

[Pool100]

Yeah true that he did sign the form... but does he still have the right to reject the cat E coe because the SE haven't been upfront with him on which month's coe was offered to him. I thought the SE MUST let the buyer know which month's cat E is being offered... that's only fair mah.

[Akula]

Sometimes out of courtesy, yes the SE will let the customer know. For all you know SE himself/herself no idea cos who knows where the company buy the open CAT COE from AND at what price! With these crazy price swings, speculators might jus offload whatever they are holding if they still have them at hand.

 

Jus be thankful its not this month open CAT to be used to register his car if CAT A, CAT B still not so bad. $2k diff.

[Silver_blade]

Most SE will inform their customers that their co, intend to give out the Cat E COE. If customers don't want to accept...they can try to object. Most of the time, if the reason is valid...most decent ADs will give in.

 

For me, I've always been given Cat E and the diff is no more than $1k.

[Liuz0004]

Hi bros, just wanna ask something about the cat E (open category).

 

My friend booked a car last week and expected C&C to place a cat A bid for him the last round. However, the company didn't and instead gave him an october Cat E coe (worth 10k+ as that month's coe was 10k+).

 

His key question is:

 

1) Must the company be up front that they are offering a Cat E and pegged to which month? and can the buyer refuse that Cat E?

 

2) How long does it take to register cat E? Cos my friend rejected that offer but the SE said already registered. So can't back out.

 

Anyone can help? Thanks!

 

if given CAT E for CAT A, reject the purchase entirely. lose your $2k deposit better than sitting on a paper value of $2 bought with $10k!