Kyrios Turbocharged March 2, 2015 Share March 2, 2015 you just kena smoked by dealer that pig can climb tree Ok possibly..cos that guy claims that Mercs car body can fetch about 10K upon scapping and has to be taken into account when calculating depreciation.. I was like ↡ Advertisement Link to post Share on other sites More sharing options...
Friendstar Supercharged March 2, 2015 Share March 2, 2015 Maybe he was referring to the Mercedes F1 driven by hamilton 1 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic March 2, 2015 Share March 2, 2015 Simi merc? SLS ah? Link to post Share on other sites More sharing options...
Tiger1 6th Gear March 2, 2015 Share March 2, 2015 Maybe he was referring to the Mercedes F1 driven by hamilton Ya right. And Hamilton's underwear is still hidden somewhere in the car. Bonus to the next car buyer. Link to post Share on other sites More sharing options...
Ronleo 6th Gear March 2, 2015 Share March 2, 2015 I suggest not to tie in scrapping your COE-expiring with getting the used car, most dealers do not deal in scrapping. I just scrapped my Latio Sports in Jan 2015 with one of SgCarmart's recommended Scrap Yards & Exporters and got a few hundred dollars for the body. These guys have hundreds of scrap car bodies in their yard and salvage the parts for reselling, so your body is likely worth more to them than anyone else. Which scrap yard u went to? 3 Link to post Share on other sites More sharing options...
Throttle2 Supersonic March 2, 2015 Share March 2, 2015 When they sell they say body high. When they buy thet say body no value. Come on fellas, you know the drill? Muayhahahahahaha Link to post Share on other sites More sharing options...
13177 Hypersonic March 2, 2015 Share March 2, 2015 I suggest not to tie in scrapping your COE-expiring with getting the used car, most dealers do not deal in scrapping. I just scrapped my Latio Sports in Jan 2015 with one of SgCarmart's recommended Scrap Yards & Exporters and got a few hundred dollars for the body. These guys have hundreds of scrap car bodies in their yard and salvage the parts for reselling, so your body is likely worth more to them than anyone else. Heard quite troublesome to scrap the car yourself? Cause you would not know which scrapyard is better? Link to post Share on other sites More sharing options...
Antonee 6th Gear March 2, 2015 Author Share March 2, 2015 I think the 20% is just the dealer's terms and conditions, but you should just give the dealer a call and talk. Also, why don't you get quotes from sgcarmart or direct cars to see how much your car fetches? I have a car with COE ending in May 2015 as well, so am looking around at this time too. Yep i called this afternoon. Its true that only 20% downpayment required. Like one of the forummer here says , there are no parf value - and yes its right.. no parf value upon my verification by dealer. Wad the 20% dp is for consumer to enjoy lower monthly installment but wont get back any return except scrape value ( he mentioned roughly $2k) when coe expires. If apply normal scheme, 50/50 or 60/40 then the usual scrape and parf value applied. Link to post Share on other sites More sharing options...
Sunset73 5th Gear March 3, 2015 Share March 3, 2015 Yep i called this afternoon. Its true that only 20% downpayment required. Like one of the forummer here says , there are no parf value - and yes its right.. no parf value upon my verification by dealer. Wad the 20% dp is for consumer to enjoy lower monthly installment but wont get back any return except scrape value ( he mentioned roughly $2k) when coe expires. If apply normal scheme, 50/50 or 60/40 then the usual scrape and parf value applied. Bro! Thanks for clarifying! I saw that some other dealers also offer 20% downpayment only. Seems like there are many of them using this technique. Too bad the used car market is not properly regulated (or rather not regulated). Dealers are playing with lots of loopholes in order to sell their cars! Link to post Share on other sites More sharing options...
Antonee 6th Gear March 3, 2015 Author Share March 3, 2015 Bro! Thanks for clarifying! I saw that some other dealers also offer 20% downpayment only. Seems like there are many of them using this technique. Too bad the used car market is not properly regulated (or rather not regulated). Dealers are playing with lots of loopholes in order to sell their cars! No prob , some 'direct owner' may not be necessary 'direct'. They are actually dealer in disguise , but not all lah. 1 Link to post Share on other sites More sharing options...
Forte3737 5th Gear March 3, 2015 Share March 3, 2015 U kena smoked by which dealer? Some dealers say Mercedes cars fetch a lot of value upon scrapping...in the order of 10K, not just mere hundreds..any Merc owners can verify this claim by the dealers? Link to post Share on other sites More sharing options...
Sunset73 5th Gear March 3, 2015 Share March 3, 2015 No prob , some 'direct owner' may not be necessary 'direct'. They are actually dealer in disguise , but not all lah. Hahaha.. I know.. I also kena before lol Link to post Share on other sites More sharing options...
Antonee 6th Gear March 3, 2015 Author Share March 3, 2015 Can anyone owned a conti ride before , share with us how much is the scrape / parf value after COE expires? Link to post Share on other sites More sharing options...
Amazon777 3rd Gear March 3, 2015 Share March 3, 2015 (edited) I scrapped my 10yrs old E60 BMW 520i for $2.5k body value last year Nov'14 Edited March 3, 2015 by Amazon777 Link to post Share on other sites More sharing options...
benltk Clutched March 3, 2015 Share March 3, 2015 I suggest not to tie in scrapping your COE-expiring with getting the used car, most dealers do not deal in scrapping. I just scrapped my Latio Sports in Jan 2015 with one of SgCarmart's recommended Scrap Yards & Exporters and got a few hundred dollars for the body. These guys have hundreds of scrap car bodies in their yard and salvage the parts for reselling, so your body is likely worth more to them than anyone else. I recall seeing sgcarmarts having this services but can seem to be able to find it. would be kindly share with me the link or contact to sgcarmarts? Link to post Share on other sites More sharing options...
Civic6228 6th Gear March 3, 2015 Share March 3, 2015 (edited) Yep i called this afternoon. Its true that only 20% downpayment required. Like one of the forummer here says , there are no parf value - and yes its right.. no parf value upon my verification by dealer. Wad the 20% dp is for consumer to enjoy lower monthly installment but wont get back any return except scrape value ( he mentioned roughly $2k) when coe expires. If apply normal scheme, 50/50 or 60/40 then the usual scrape and parf value applied. It sounded like the "Balloon scheme" years ago.... in this case, basically, the Parf is used as downpayment. Some loophole ? I am not sure. 18k depreciation .... for a BMW Coupe ... not that bad lah. Edited March 3, 2015 by Civic6228 Link to post Share on other sites More sharing options...
Kyrios Turbocharged March 3, 2015 Share March 3, 2015 I recall seeing sgcarmarts having this services but can seem to be able to find it. would be kindly share with me the link or contact to sgcarmarts? Looks like is this one http://www.sgcarmart.com/news/writeup.php?AID=252 Look under "Quotz Scrap/Export service here" Link to post Share on other sites More sharing options...
leesh26 1st Gear March 3, 2015 Share March 3, 2015 Which scrap yard u went to? Check under Scrap Yards & Exporters in SgCarmart's motor directory. I used the first one. http://www.sgcarmart.com/directory/listing.php?CAT=20 I recall seeing sgcarmarts having this services but can seem to be able to find it. would be kindly share with me the link or contact to sgcarmarts? I used the first one on SgCarmart's list of Scrap Yards & Exporters. You may read my review there as well. http://www.sgcarmart.com/directory/listing.php?CAT=20 ↡ Advertisement Link to post Share on other sites More sharing options...
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