Kyrios 8,901 Turbocharged May 29, 2013 788 per mth is the installment you pay for a 5 year old latio..cant believe it leads to a pan... ↡ Advertisement Share this post Link to post Share on other sites
Wt_know 53,437 Supersonic May 29, 2013 dont dream. from day 1 the car is not under your name. it is either under the dealer or some sort of finance company. so, whatever happen you dont get the car. haha even if they makan the 235k. 235K + (36 x $788) = 263k. 263k for a panamera is still cheap even if AD don't give back 235k. 788 is a typo la, 3788 more like it. Share this post Link to post Share on other sites
VenomMX 718 4th Gear May 29, 2013 Maybe it is just a typo error, it should be 7888 instead of 788. I doubt its a typo.. $788 appeared about 3 times in the report.. Unless they can typo 3 times la.. Share this post Link to post Share on other sites
VenomMX 718 4th Gear May 29, 2013 my friend jus told me that the company offerring that deal is the dealer leh, isst sturtguard or something like that? think they are the dealer themselves not some unreliable never heard of company leh Yeah u are right.. This scheme is by Porsche agent Stuttgart Auto Share this post Link to post Share on other sites
Bystander50 2,032 5th Gear May 29, 2013 Think out of the box with all these new schemes rolling out, dont really see how CoE will return to a sane level. It will be possible when ADs are no longer allowed to bid on behalf of buyers. They just concentrate on selling cars only. Potential car buyers bid on their own. With a Singpass account, what is so difficult? Or the ADs/LTA make it so complicate that buyers don't know how to bid? Buyers also go search for their own insurance coy and banker to finance the loan. Share this post Link to post Share on other sites
Coltplussport 13,802 Turbocharged May 29, 2013 I doubt its a typo.. $788 appeared about 3 times in the report.. Unless they can typo 3 times la.. Sttugart typo to straits times Share this post Link to post Share on other sites
MadDog70 168 2nd Gear May 29, 2013 Anyone did a detailed calculation between LEASE and BUY? Share this post Link to post Share on other sites
MacDuck 21 1st Gear May 29, 2013 (edited) Quoted from http://www.vagsg.com/forums/showthread.php...3625&page=2 Originally Posted by otaku78 You still owe $470k at the end of 3 years. The $788 per month only covers interest (on the $470k), insurance, servicing, road tax, etc. So assuming they guarantee buy back from you at $235k, your annual depreciation would be ($470k - $235k) + ($788 x 36) = $88k per year. Save you a trip down to Stuttgart. Originally Posted by otaku78 the article is misleading. what it really says is, "at the end of the third year, the company buys back the car at $235,000", which just means that after 3 years, it is guaranteed that you won't have to top up extra cash to clear the outstanding $235k (unlike in car loans with Rule of 78), so your downside is limited. you do NOT get your $235k downpayment back. the downpayment is eaten up on day one, gone forever. confirmed with porsche SE this morning. Edited May 29, 2013 by MacDuck Share this post Link to post Share on other sites
Wt_know 53,437 Supersonic May 29, 2013 (edited) wahahaha ... the table illustration is sibei lame .... never mentioned the other half $235K anyway, it's understood "if it sounds too good to be true, it probably is" Edited May 29, 2013 by Wt_know Share this post Link to post Share on other sites
Yeshe 10,666 Turbocharged May 29, 2013 $788 x 36 months to drive porsche panamera full service and repairs ... huat ah !!! gan cheap... sibey tempting [laugh] Share this post Link to post Share on other sites
Yeshe 10,666 Turbocharged May 29, 2013 either your maths fail or your calculator spoil yours spoil. u got multiple by 3yrs since its 3yrs lease? Share this post Link to post Share on other sites
Aventador 4,936 6th Gear May 29, 2013 No, it means my English fail , because I read as straight forward returns per annum Share this post Link to post Share on other sites
PSP415 28,737 Twincharged May 29, 2013 Informative and good sharings thread.... including the "spoilt" calculator and "English fail"..... and I have not come across any businesses not interested in profits....unless it's for cleaning or washing.... laundry of the money kind. Safe ride... best to read fine prints and just a bro said, if too good to be true, it probably is. Cheers Share this post Link to post Share on other sites
Anshng 13 Clutched May 30, 2013 Quoted from http://www.vagsg.com/forums/showthread.php...3625&page=2 Originally Posted by otaku78 You still owe $470k at the end of 3 years. The $788 per month only covers interest (on the $470k), insurance, servicing, road tax, etc. So assuming they guarantee buy back from you at $235k, your annual depreciation would be ($470k - $235k) + ($788 x 36) = $88k per year. Save you a trip down to Stuttgart. Originally Posted by otaku78 the article is misleading. what it really says is, "at the end of the third year, the company buys back the car at $235,000", which just means that after 3 years, it is guaranteed that you won't have to top up extra cash to clear the outstanding $235k (unlike in car loans with Rule of 78), so your downside is limited. you do NOT get your $235k downpayment back. the downpayment is eaten up on day one, gone forever. confirmed with porsche SE this morning. It looks like what i said is correct!!Else all the next few biddings all the cars come out is panamera Share this post Link to post Share on other sites
Boooon 72 1st Gear May 30, 2013 heard 8 years loan and 20% downpayment coming back on June 1st 2013 wishy washy back in vogue Share this post Link to post Share on other sites
Altivo 403 3rd Gear May 30, 2013 heard 8 years loan and 20% downpayment coming back on June 1st 2013 wishy washy back in vogue source? Share this post Link to post Share on other sites
Cluboxed 67 1st Gear May 30, 2013 (edited) is that from a credible source? for new or used or both? Edited May 30, 2013 by Cluboxed Share this post Link to post Share on other sites
Ooosh 80 1st Gear May 30, 2013 heard 8 years loan and 20% downpayment coming back on June 1st 2013 wishy washy back in vogue if this is true then what is the purpose of implementing the 50% rule for a few months? ↡ Advertisement Share this post Link to post Share on other sites
