Heman75 Supercharged June 5, 2015 Share June 5, 2015 Back in January, when I was looking at car prices CEVS did influence my decision. Even after working out with the spreadsheet, imo it is still advantageous to have a high CEVS since this lower the initial outlay. It is much better to get 100% upfront than 50% 10 years later. The one and only criterion to determine whether the car price is reasonable to always look at the gross margin/profit of the AD at the given negotiated selling price. Don't be misled by listed price since depending on the ADs there can be quite a huge gap in listed price and actual selling price. e.g. at that time the Mazda3 deluxe was going for 120+ giving a gross margin of 25K which was much higher than the other jap/kor cars eventhough the car price was similar. In this case even with similar price I would still consider Mz3 expensive. My evaluation is at the link below (signature) Agree.. buy you like and comfortable and don't look back ↡ Advertisement Link to post Share on other sites More sharing options...
Eyke Supercharged June 5, 2015 Share June 5, 2015 - it might not be that bad to buy car after Jul'15 when CEVS rebate is lower....need to work out the maths Bottomline: Buyer always lose $....difference is losing more or less only.....we all know who always "WIN" bottomline: have to consider all factors, ie. price, parf, not just CEVS, which can be misleading when you do not consider the price as the CEVS rebate is packaged into the price. but dun have to work out for yourself, i've already done all the hard work, so download my spreadsheet and just plug in all the numbers to see/compare the depreciation. will release the next version with the updated CEVS surcharge/rebate (effective 1 Jul) end of June. 1 Link to post Share on other sites More sharing options...
Forte3737 5th Gear October 15, 2015 Share October 15, 2015 Seems like there is not much difference in prices for new cars during CEVS and after CEVS period. Did the ADs really pass the savings to consumers? Link to post Share on other sites More sharing options...
Fruit-tart 3rd Gear December 11, 2015 Share December 11, 2015 (edited) Ok, for example I want to buy a brand new car, with CEVS rebate, do I pay for the listed/retail price, or the one after CEVS rebate? Can CEVS rebate be used to offset the overall car price? For example, mitsubishi models: http://www.------.com/new_cars/printed-car-price-list.php?pricelistid=705 attrage 1.2l, list price 95,999, cevs - 10,000, effective price - 85,999. so is pay the price of 95,999, or 85,999?? lancer ex 1.6l auto (classic), list price - 107,999, cevs, 12,000, effective price - 95,999. pay 107,999 or 95,999? how does cevs rebate works? does it use right on the spot when u buy the car, or monthly.yearly deduction or after 10 years when u scrap the car then the rebate is given back to you? Thanks. Edited December 11, 2015 by Fruit-tart 2 Link to post Share on other sites More sharing options...
ER-3682 Supersonic December 11, 2015 Share December 11, 2015 Is there a $12,000 rebate.? Your SE will explain to you. 3 Link to post Share on other sites More sharing options...
Little_prince Supersonic December 11, 2015 Share December 11, 2015 When u scrap need to pay back cevs 3 Link to post Share on other sites More sharing options...
Ingenius Turbocharged December 11, 2015 Share December 11, 2015 Fruit tart, I thought you or sabbie said you wanted to wait till coe drop to 10k and will wait till eternity ? So.. ? 3 Link to post Share on other sites More sharing options...
flashbang Turbocharged December 11, 2015 Share December 11, 2015 TS isn't buying a car anytime soon. If you explain now, things might be different by the time COE reaches 10k. 2 Link to post Share on other sites More sharing options...
Beehive3783 Twincharged December 11, 2015 Share December 11, 2015 Let me put it in simple terms. CEVS or whatever damned rebate, is deducted from your PARF rebate. Same as OPC scheme. You buy it cheap but the "rebate" is deducted from PARF and COE. So basically, you are paying your own rebate. To the others, please correct me if I'm wrong. Ok, for example I want to buy a brand new car, with CEVS rebate, do I pay for the listed/retail price, or the one after CEVS rebate? Can CEVS rebate be used to offset the overall car price? For example, mitsubishi models: http://www.------.com/new_cars/printed-car-price-list.php?pricelistid=705 attrage 1.2l, list price 95,999, cevs - 10,000, effective price - 85,999. so is pay the price of 95,999, or 85,999?? lancer ex 1.6l auto (classic), list price - 107,999, cevs, 12,000, effective price - 95,999. pay 107,999 or 95,999? how does cevs rebate works? does it use right on the spot when u buy the car, or monthly.yearly deduction or after 10 years when u scrap the car then the rebate is given back to you? Thanks. 5 Link to post Share on other sites More sharing options...
Tohto Hypersonic December 11, 2015 Share December 11, 2015 Let me put it in simple terms. CEVS or whatever damned rebate, is deducted from your PARF rebate. Same as OPC scheme. You buy it cheap but the "rebate" is deducted from PARF and COE. So basically, you are paying your own rebate. To the others, please correct me if I'm wrong. There is no free lunch... 1 Link to post Share on other sites More sharing options...
Wt_know Hypersonic December 11, 2015 Share December 11, 2015 (edited) CEVS = AD profit margin ... period ... muahahahaha with or without CEVS dealer price their car no $100k no talk but your PARF is reduced to $5K or less ... lol Edited December 11, 2015 by Wt_know 1 Link to post Share on other sites More sharing options...
ER-3682 Supersonic December 11, 2015 Share December 11, 2015 My Mazda 6 2.5,$5000 rebate,OMV $27500,but scrap value just $12,000. So you do the maths. 1 Link to post Share on other sites More sharing options...
Hamburger Hypersonic December 11, 2015 Share December 11, 2015 bottom line...all incentives to owners are manipulated by AD. we are just suckers and garment allows it. Dont complain.... 4 Link to post Share on other sites More sharing options...
keanie Turbocharged December 11, 2015 Share December 11, 2015 (edited) Let me attempt to explain what all this CEVS rebate is. It replaced d Green vehicle rebate system wef 1/1/2013. All imported vehicles with less than emission of 160g CO2/km qualify for CEVS rebate according to d stated CO2 emitted. Let say a vehicle OMV is $20K n CEVS is $15K, then d ARF payable is only $5K (OMV=100% of ARF). This affected PARF or scrap value of d car which is 50% of ARF which is only $2500 instead of $10K for a car without CEVS. So, a buyer of used car with CEVS got to take note of this reduced PARF. To the govt, LPPL. No free lunch. So don't be con by d AD on tis rebate. Edited December 11, 2015 by keanie 6 Link to post Share on other sites More sharing options...
Little_prince Supersonic December 12, 2015 Share December 12, 2015 this CEVS only benefit new car buyer. i can predict in another 10 yrs time, this will end up biting alot of unsuspecting motorist in the ass as used car seller start mis selling Link to post Share on other sites More sharing options...
zerobim08 4th Gear December 12, 2015 Share December 12, 2015 Simple explanation. eg cev = 10k. Get 10k off taxes now then pay back 5k 10 years later. No cev then pay 10k now then get 5k back 10 years later. 4 Link to post Share on other sites More sharing options...
Fruit-tart 3rd Gear December 12, 2015 Share December 12, 2015 Alright. Thanks all who explained to me. I checked out the arf for those cars with cevs rebate, indeed the arf is lower. Guess at end of the day, the calculations more or less the same. Ok I know already. Thanks all. :) 1 Link to post Share on other sites More sharing options...
ER-3682 Supersonic December 12, 2015 Share December 12, 2015 Just remember our Gov't are NEVER so kind to motorists here... ↡ Advertisement Link to post Share on other sites More sharing options...
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