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Used Car dealers Feeling The Heat Liao!


Rogersk8ter
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Turbocharged

wait it out. There is no hurry. It will only go down. Higher interest rate, cooling measure n depreciating liability, not assets like ppty, mind u.

 

toyota selling wish at 123K 6bid no guarantee, thats 40k coe downside within 3mths? so after even lower??

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Can't compare with 2008/2009.

 

Dont think COE for Cat B will reach below $40,000. I may be wrong

 

Din u know is250 was sold at 125k in 2008-2009? Do u mean wish at 123k is good deal? 😀

 

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(edited)

Can't compare with 2008/2009.

 

Dont think COE for Cat B will reach below $40,000. I may be wrong

 

 

That is my feel as well, while those who can afford the 50% d/p will continue to change car (small number of first time buyers will still be buying new with no trade in but many will be priced out by new CM), it will reach a point thereby those who can, are able to, complete their buying frenzy and COE should start to drop from current 70k or so. Car is a consumption item so most rich don't buy surplus cars to keep.

 

The problem is COE quota is really tiny these days, so price will be well supported at around 50k. If they don't change the rules, COE should drop to below 40k in 2014/2015. Just my hunch.

Edited by Voodooman
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(edited)

Din u know is250 was sold at 125k in 2008-2009? Do u mean wish at 123k is good deal? 😀

 

a4, c200, c180 320 series also 130k,

Edited by Wormvirus
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Neutral Newbie

Hi, kudos to all the bros and sis who made all unnecessary remarks about the used car dealers,

This loan curbs affect all ppl who own cars especially those bought cars with high Coe.

 

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Neutral Newbie

Hi, kudos to all the bros and sis who made all unnecessary remarks about the used car dealers,

This loan curbs affect all ppl who own cars especially those bought cars with high Coe.

People who bought vehicles at high COE were used as pawns in this high stakes game of chess [knife]

 

Whilst I feel sorry for them, the current CMs are good news for the consumers (for a change) [:)]

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Hi, kudos to all the bros and sis who made all unnecessary remarks about the used car dealers,

This loan curbs affect all ppl who own cars especially those bought cars with high Coe.

 

Don't see how it affects these ppl. All they need to do is to continue driving the car, that's all. Loss is only on paper. If can absorb loss, change car lah.

 

If itchy backside, then bite bullet lor .... no one is forcing them to scrap their high coe cars now. Who knows what will happen a few yrs down the road.

 

Buying car is a risk anyway. That's what the CM is supposed to address. If you can afford, go ahead. If can't, don't spend tmw's $$$.

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Neutral Newbie

Don't see how it affects these ppl. All they need to do is to continue driving the car, that's all. Loss is only on paper. If can absorb loss, change car lah.

 

If itchy backside, then bite bullet lor .... no one is forcing them to scrap their high coe cars now. Who knows what will happen a few yrs down the road.

 

Buying car is a risk anyway. That's what the CM is supposed to address. If you can afford, go ahead. If can't, don't spend tmw's $$$.

+1 [thumbsup]

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Don't see how it affects these ppl. All they need to do is to continue driving the car, that's all. Loss is only on paper. If can absorb loss, change car lah.

 

If itchy backside, then bite bullet lor .... no one is forcing them to scrap their high coe cars now. Who knows what will happen a few yrs down the road.

 

Buying car is a risk anyway. That's what the CM is supposed to address. If you can afford, go ahead. If can't, don't spend tmw's $$$.

 

Agreed. How does this affect them? It's not like they're buying car as an investment. After 10 years, high or low COE your car still no value. Can always scrap/export, get back COE money and change to a new car with cheaper COE right?

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Don't see how it affects these ppl. All they need to do is to continue driving the car, that's all. Loss is only on paper. If can absorb loss, change car lah.

 

If itchy backside, then bite bullet lor .... no one is forcing them to scrap their high coe cars now. Who knows what will happen a few yrs down the road.

 

Buying car is a risk anyway. That's what the CM is supposed to address. If you can afford, go ahead. If can't, don't spend tmw's $$$.

 

their cars are already in negaitve equity. if any one of these people lose their job, they will be bankrupt.

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Supersonic

today went to see see look look.... prices not at all "attractive".... some even higher than those shown in sgcarmart.

Looks like used car price did not go down much or at all, even the 60 days grant?! :blink:

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Supercharged

Looks like used car price did not go down much or at all, even the 60 days grant?! :blink:

 

they r all greedy one mah.

 

u wan price go down much, then wait for closing down sale [laugh]

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Looks like used car price did not go down much or at all, even the 60 days grant?! :blink:

 

price will go down after the 55th day ...

 

After 60 day , it will be much harder for them to clear the stock

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their cars are already in negaitve equity. if any one of these people lose their job, they will be bankrupt.

 

That's precisely what the CM is trying to prevent. Ppl spending tmw's $$$.

 

Its a calculated risk that they took when they go for $0 d/p and 100% loan or go for new car with sky-high coe.

 

If they assume they will forever get the next paycheck and that nothing will ever happen, well, they will get a reality check some time down the road. And it may be a bigger hole that the car loan .....

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Looks like used car price did not go down much or at all, even the 60 days grant?! :blink:

They are a hardened lot, these dealers.

 

Let's see if they will begin to wilt on last 10 days of this period.

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