Used Car Dealers Feedback (Part 2)!

[Yayapapaya]

Jun 06 Altis buy at $14k, it is alr $14k dep /yr..

 

Altis.jpg

 

so you intend to sell at $18k? Like this...

 

Altis.jpg

 

Good business model indeed...

geez..not a good example leh..several possibilities include

 

- buyer may b trying loan so price jacked up on paper in order to attain the desired loan amount..

- seller seriously got unrealistic expectations, if he can really sell at this price then I kow tow to him..

- typo error

 

at this price, I believe majority buyers with the right mind wont buy..

[JCSL]

geez..not a good example leh..several possibilities include

 

- buyer may b trying loan so price jacked up on paper in order to attain the desired loan amount..

- seller seriously got unrealistic expectations, if he can really sell at this price then I kow tow to him..

- typo error

 

at this price, I believe majority buyers with the right mind wont buy..

 

He can quote, question is ( if he will even answer )

 

HOW MUCH IS HE WILLING TO OFFER FOR THIS CAR?

 

That will determine what kind of buyer is he.

Edited December 16, 2015 by JCSL

[Carnoob]

Will you buy? Quoting price is easy... will you buy at 14K/yr depre? Or rather can i ask how much u willing to offer for such a car?

 

Obviously your calculator from Pakistan/Syria, PARF of that Altis i bought is $8700, I buy in $14k, I paid $5300 Depre for 6 months (COE life left 6 months), if counted in a year is $10600. These are cost before financing/repairs/touch up/roadtax.

 

Make sure your calculations are correct then you start debating.

 

 

So now tell me, how much you wanna offer?

Sorry to burst your bubble, the calculator is from SGCARMART, I'll feedback to them that their calculator is from Pakistan/Syria. I'll only buy at $11k from the seller because you are a saint and I'm not.

Edited December 16, 2015 by Carnoob

[Jman888]

seem like the debate is getting more defensive, will lock this thread.

[The_Bear]

Continue the discussion here

 

http://www.mycarforum.com/topic/2701003-dealers-and-consumers/

[CarsEnthusiast]

what do you expect from a bunch of uneducated ah bengs?

 

no difference from Sim lim sales men or durian sellers.

 

Hello, not all car dealers are uneducated Ah Bengs, my car dealer friend is an overseas Graduate and his father is a retired dentist. In fact, when he first started his car dealership more than 20 years ago, he used his father's Good Class Bungalow to store all his cars before he decided to invest in a proper showroom and garage/workshop as he didn't want to give his neighbours grounds to complain.

Edited December 17, 2015 by CarsEnthusiast

[Carnoob]

http://forums.hardwarezone.com.sg/eat-drink-man-woman-16/agent-2nd-hand-dealer-took-my-%24-ran-away-5169283.html

 

For awareness, TS complaint on Sept 2015 and final conclusion: -

 

http://forums.hardwarezone.com.sg/98691533-post58.html

 

Disclaimer: I'm not TS and I'm in no way related to him, his claims are not verified by me.

Edited December 17, 2015 by Carnoob

[Lomobug]

yes Carnoob...

tks for helping to spread the information for awareness!

[LAH]

I bought direct from real-life actual owner.

 

Yes, must stress this point because from my search experience, like more than 75% are car agents disguise as owners! I very suspicious why they would want to do this. The agents got shop got company name don't use but act like direct owners.

 

I suspect they have vey bad hidden agenda..... maybe they want to spoil reputation of direct buy-sell sector, maybe they are selling big lemons... To me, it is as if wolves wearing very thick make-up to look like sheep.... I spend more time and effort avoiding them than the actual car hunt-compare process... I don't want to become wolves' meal

 

Anyway, I bought an altis with a year + some months left. After my mechanic friend checked engine swee swee then I buy.

 

I buy the price "as is"... don't know the term I use correct or not. Meaning before buy I already know how much to spend to service/ repair/ replace the things. All add up together, car looks good now and so far running fine. My friend diagnose if I continue normal servicing, can even consider 5 yr COE extend next time. But that one is story for later.

 

Total spent and with buy cost works out to about 10.2k/yr depre and a very peace of mind.

 

So my experience is : I think I got a good used car at reasonable price without going through the gauntlet of bad car dealers.   

For a vegetable bird like me, I thanking God that I didn't have to go through what some forumers here had been through.

 

So I also want to do my part and share ... maybe will help someone.

 

 

Btw, who is keeping track of the Black List? Maybe like one forumer posted, list only good guys will be easier, because seems like more black than normal sheep LOL

 

Just a mention before I forget, I also went to some shops recommended in this post during my hunt. They seems ok and really like it was mentioned here. Reason I didn't consider buying from these few ok shops was their best price quoted is much higher than what I could find.

[Hamburger]

You already answered your own question. You had chance to insist on sending to your own dealer or even to BMW agent but did not.

 

That is why I keep saying that what they promise is one thing, what dealer deliver is another. Usually not up to standards.

 

They are playing to your insecurities: you gian having a bmw to display your high status, so got blinded by spending all that money. U got too much money, too little common sense.

 

Sorry, have to say it like it is.

 

the question here is the ignorance of buyer or integrity of car dealer?

 

The answer here is plain to see. Trust a car dealer is equivalent to asking a cat to watch over your fish for dinner.

[JCSL]

You choose to register as a used car dealer so there are commercial concessions and privileges open to such business owners alone.

 

I dont know what concessions you talking about. Maybe you wanna enlighten us?

 

You may register multiple units under your stock for 6-9 months without taxes or penalties. You can defer insurance but not roadtax.

Your space rental has been falling for years.

 

6-9mths without tax/penalties. Losses? Rental falling? Check out Turf City's rental would you?

 

You pay a flat commission per unit to your salesmen and allow them to fish for more using the admin fee.

You earn commission from loans and insurance.

 

Earn commissions from Loan yes, but do u know the rates? insurance? You sure? A lot of smart alec wanna do it themselves. We earn what?

 

You try for about $4-6k profit per car so you do the bare minimum and hope there is a greater fool out there to buy over someone else's problems.

 

U cannot be 'stuck' with a unit because there is also the inter-dealer price which you use to clear unsold stock. Newbie dealers will pay to stock up their lots and you still walk away with a small profit. You can take commercial rate loan on the hotter units, but try to pay full cash for the older cars or dubious brands like alfas.

 

Cannot be stuck, of cos no car will get stuck, its all about the price. What about Losses???

 

Quick and dirty calculation of your rock bottom price is to know the paper value for the unit, add current 'body value', then add $5k. 'Body' value of a 3 year old car is about 45% of OMV.

 

If i offer you near your calculation of ROCK BOTTOM price, would you sell?

 

You are not building a car or designing one. You just mark up and resell. Why is it so hard to find ways to offer better value against your competitors?

 

Neither are you, why cant you be a

[Ahbengdriver]

Does anyone have experience dealing with The Car Regency? 

[LAH]

You already answered your own question. You had chance to insist on sending to your own dealer or even to BMW agent but did not.

 

That is why I keep saying that what they promise is one thing, what dealer deliver is another. Usually not up to standards.

 

They are playing to your insecurities: you gian having a bmw to display your high status, so got blinded by spending all that money. U got too much money, too little common sense.

 

Sorry, have to say it like it is.

You are probably right. He learned the mistake and thats why sharing here. I think he is very courageous to share his bad experience here for our forumers' benefit.

 

Lessons learnt:

1)Always trust your own mechanic, if don't have one, ask recommendation from your good friends and check with the mechanic first about the model you are going to buy.

 

2)Never trust a sugar-talking used car dealer. Remain objective in the assessment of car.

 

(Double Thumbs up for brave sharing ! )

[Yuguangr]

You are probably right. He learned the mistake and thats why sharing here. I think he is very courageous to share his bad experience here for our forumers' benefit.

 

Lessons learnt:

1)Always trust your own mechanic, if don't have one, ask recommendation from your good friends and check with the mechanic first about the model you are going to buy.

 

2)Never trust a sugar-talking used car dealer. Remain objective in the assessment of car.

 

(Double Thumbs up for brave sharing ! )

 

can add to point 1. can also send to AA to check.

[Daryllim69]

Please allow me to share my 2 cents worth of opinion. I think both consumers and dealers are standing on opposite ends and each trying their best to fish the most out of the other party. Consumers wants to have the best deal, in terms of prices, service and lots and lots of add-ons at no additional fee. The dealer, on the other hand, as a business entity, wants to secure the deal at the highest price and avoid additional add-ons as much as possible. If the dealer caves in, the consumer would rate his service favourably. Otherwise, it is the other way round. I am not a dealer but a recent consumer for 2nd hand cars.

 

We need to understand the differences between consumer and dealer and be sensible about it. If a dealer comes along and promise you tons of add-ons at your requested price, something must be wrong with that car. Just make sure that as a consumer, you are not being lure into some form of panic buy. Everything comes with a price and as consumers, we can't be asking for the moon when we are only prepared to pay peanuts.

 

I agree with some of the forumers here that before we decide on a particular car, it is best that we do our own research on the car itself and what is a reasonable price to pay for it. Plus the reputation of the dealer that you will be dealing with. Thereafter, go and take a look at the car. If you like the car the way it looks, go ahead and ask for a test drive. If you are required to pay a deposit to test drive it, ask yourself again if this is indeed the right car for you and you really want it. If the answer is Yes, then you can pay the deposit but remember to indicate it in the Sales Agreement that should the car fail inspection (usually Grade "B" is good enough), then the deal is off and deposit fully refunded. If the inspection suggest that certain things needs to be change, the dealer should make good before the deal or the deal is off.

 

The relationship between consumers and dealers is that of a "Tug-of-War" relationship. What you lose if what the other party would stand to gain. Play it smart and ensure that your interest is protected. No one is going to help you unless you help yourself.

 

I just got my third car (first one in resale market, the previous 2 were brand new) and a newbie in this. But I credit myself for taking time to research and deal with a honest dealer who is keen on doing business the way business should be done. Stress Free experience and 4 months into getting the car, I am still happy with the car I bought. There is no free lunch in this world and we pay for all the things we consume. It's either you learn to play your cards right or be caught by a dealer trying to fish a good deal. No offences, just to share my thoughts on this topic.

[CarsEnthusiast]

Please allow me to share my 2 cents worth of opinion. I think both consumers and dealers are standing on opposite ends and each trying their best to fish the most out of the other party. Consumers wants to have the best deal, in terms of prices, service and lots and lots of add-ons at no additional fee. The dealer, on the other hand, as a business entity, wants to secure the deal at the highest price and avoid additional add-ons as much as possible. If the dealer caves in, the consumer would rate his service favourably. Otherwise, it is the other way round. I am not a dealer but a recent consumer for 2nd hand cars.

 

We need to understand the differences between consumer and dealer and be sensible about it. If a dealer comes along and promise you tons of add-ons at your requested price, something must be wrong with that car. Just make sure that as a consumer, you are not being lure into some form of panic buy. Everything comes with a price and as consumers, we can't be asking for the moon when we are only prepared to pay peanuts.

 

I agree with some of the forumers here that before we decide on a particular car, it is best that we do our own research on the car itself and what is a reasonable price to pay for it. Plus the reputation of the dealer that you will be dealing with. Thereafter, go and take a look at the car. If you like the car the way it looks, go ahead and ask for a test drive. If you are required to pay a deposit to test drive it, ask yourself again if this is indeed the right car for you and you really want it. If the answer is Yes, then you can pay the deposit but remember to indicate it in the Sales Agreement that should the car fail inspection (usually Grade "B" is good enough), then the deal is off and deposit fully refunded. If the inspection suggest that certain things needs to be change, the dealer should make good before the deal or the deal is off.

 

The relationship between consumers and dealers is that of a "Tug-of-War" relationship. What you lose if what the other party would stand to gain. Play it smart and ensure that your interest is protected. No one is going to help you unless you help yourself.

 

I just got my third car (first one in resale market, the previous 2 were brand new) and a newbie in this. But I credit myself for taking time to research and deal with a honest dealer who is keen on doing business the way business should be done. Stress Free experience and 4 months into getting the car, I am still happy with the car I bought. There is no free lunch in this world and we pay for all the things we consume. It's either you learn to play your cards right or be caught by a dealer trying to fish a good deal. No offences, just to share my thoughts on this topic.

 

One of the best posts in this thread. Too bad I cannot give you a praise as I used up my daily quota.

 

[StevenChai]

Hi all,

 

Did anyone buy from A Asset Automobile before, it's in Commonwealth lane, Lot 56.

 

So far they have the best price which is 87888. And have ready stock.

 

Anyone care to feedback.

[CarsEnthusiast]

Hi all,

 

Did anyone buy from A Asset Automobile before, it's in Commonwealth lane, Lot 56.

 

So far they have the best price which is 87888. And have ready stock.

 

Anyone care to feedback.

 

Which car model?