Spring Moderator October 11, 2013 Share October 11, 2013 Hi bros, Anyone saw the advert in today's ST that KIA K3 going for $96,999?? Sounds too good to be true. Gimmick or hidden terms and conditions?? ↡ Advertisement 3 Link to post Share on other sites More sharing options...
Old-driver 5th Gear October 11, 2013 Share October 11, 2013 OPC?? COE already 80+.. almost impossible to sell at this price Link to post Share on other sites More sharing options...
Picanto 3rd Gear October 11, 2013 Share October 11, 2013 they could be following tan chong motor strategy. example model ABC is selling at 100k. but its subjected to 12 coe bids. if the coe hits 60k within the 12 bids, then they will sell model ABC at 100k. specific details i am not too sure. so please dun scold me if i am wrong Hi bros, Anyone saw the advert in today's ST that KIA K3 going for $96,999?? Sounds too good to be true. Gimmick or hidden terms and conditions?? Link to post Share on other sites More sharing options...
Soya Supersonic October 11, 2013 Share October 11, 2013 they could be following tan chong motor strategy. example model ABC is selling at 100k. but its subjected to 12 coe bids. if the coe hits 60k within the 12 bids, then they will sell model ABC at 100k. specific details i am not too sure. so please dun scold me if i am wrong possibly. smart move actually. lock customers in advance at no loss to them. Link to post Share on other sites More sharing options...
Paddie 3rd Gear October 11, 2013 Share October 11, 2013 K3 without COE should cost around $35-40k. So to sell at $97k, COE needs to drop to $50k+ by April 2014 (assuming 12 bids non-guaranteed). It's no loss to the company because they are locking customers in without guaranteeing the delivery of the car. If COE does not drop to $50k+, then they either refund customers the deposit, or ask customers to top up. Link to post Share on other sites More sharing options...
SGdriversCOV October 11, 2013 Share October 11, 2013 Anybody checked with C&C? Link to post Share on other sites More sharing options...
Xers007 Supercharged October 11, 2013 Share October 11, 2013 (edited) I find this scheme ok for those ppl who have a car currently and in no rush to change... looking at the trend i dont think COE will drop drastically withing 12 bidding. Yah confirmed non guaranteed 12 coe bidding... with car loan must deposit 5k... Edited October 11, 2013 by Xers007 Link to post Share on other sites More sharing options...
Picanto 3rd Gear October 11, 2013 Share October 11, 2013 that means CNC and TC are expecting the coe to drop after feb 2104 Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 11, 2013 Share October 11, 2013 Hi bros, Anyone saw the advert in today's ST that KIA K3 going for $96,999?? Sounds too good to be true. Gimmick or hidden terms and conditions?? Read in the papers and it fine print is book now for next year 2014. They expecting CAT A to drop when the HP kicks in February 2014... Link to post Share on other sites More sharing options...
Swifter78 2nd Gear October 11, 2013 Share October 11, 2013 The ADs are anticipating a drop in Cat A next year. I was at Plaza Sing a couple of weeks ago and Renault was having a road show there. It is also offering 12 bids for their cars into 2014 at much discounted prices. Link to post Share on other sites More sharing options...
Picnic06-Biante15 Supersonic October 11, 2013 Share October 11, 2013 So this weekends, ppls will flock to C&C showroom for the Kia K3 ..... Link to post Share on other sites More sharing options...
MYPan0516 Neutral Newbie October 11, 2013 Share October 11, 2013 yeah!! Komoco doing the same!! I was at the Show room 2 weekends ago and was quoted 108K for Elantra on 12 bids non guarantee bid and COE cap at 55K. for 6 bids, price is 128K for same vehicle. Think they are anticipating possibly around 20k COE price drop. but as previous post (Paddie) mentioned, the dealers have nothing to lose and they get to keep your deposit!! Link to post Share on other sites More sharing options...
Picanto 3rd Gear October 11, 2013 Share October 11, 2013 if they fail if they fail to secure coe, deposits will be returned to customers Link to post Share on other sites More sharing options...
Dankoo 4th Gear October 11, 2013 Share October 11, 2013 if they fail if they fail to secure coe, deposits will be returned to customers Imagine the interests they earn gow gow liao... Link to post Share on other sites More sharing options...
Adrianlim13 2nd Gear October 11, 2013 Share October 11, 2013 they just wanna lock in orders. Link to post Share on other sites More sharing options...
Hosaybo 6th Gear October 11, 2013 Share October 11, 2013 if they lock in a number of sales, it also mean demand is high (coe hard to come down). End up, they will pressure pressure and those who cannot tahan and make top up will eventually get their car. Those that never, unlikely. Link to post Share on other sites More sharing options...
Columbian78 6th Gear October 11, 2013 Share October 11, 2013 If the scheme is a long term (12 bids) non-guranteed package, then i find it meaningless. Car-buyer can just wait till the coe drop in 6 months time and then book. Why subject ownself to a stressful 6 months. If COE price does not drop to the projected level and no car delivery, car-buyer wasted the time value of his deposit and incurred stress. If COE price drops, the price of the car at that future point in time would adjust accordingly down anyway. My thoughts apply to existing car owner and non-owner alike. If it is guranteed, then the considerations would be different. Link to post Share on other sites More sharing options...
Ninpeh 1st Gear October 11, 2013 Share October 11, 2013 plus i read in another forum that a buyer was charged with warehousing cost unless he top up the coe. ↡ Advertisement Link to post Share on other sites More sharing options...
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