Dilemma 5th Gear October 31, 2019 Share October 31, 2019 1 hour ago, therock said: https://www.straitstimes.com/singapore/transport/car-emissions-scheme-encouraging-buying-of-cleaner-car-models-to-be-extended-by The government is still singing the VES song.. But if I read it correctly, if you are offered a 10k VES rebate, you actually have to repay that at the end? Or is it half of it? 40 minutes ago, Davidtch said: It depends on whether you get the rebate or not. If got rebate, your statement got problem. I'm replying to the post saying if u are offered a 10k ves rebate. Your eyes got problem. ↡ Advertisement Link to post Share on other sites More sharing options...
inlinesix Supersonic October 31, 2019 Share October 31, 2019 (edited) 28 minutes ago, Dilemma said: I'm replying to the post saying if u are offered a 10k ves rebate. Your eyes got problem. It depends on whether the rebate is build into the price. That part you and i will never know Edited October 31, 2019 by Davidtch Link to post Share on other sites More sharing options...
Heartbreakid 6th Gear October 31, 2019 Share October 31, 2019 Ultimately, regardless VES band A1, A2, B, gov doesn't bother how much it will benefit the buyers about the rebates BECAUSE, in the first place, gov never encourage the people to buy a car. Hence there is always an open end for the dealers to set and earn their margin. Link to post Share on other sites More sharing options...
Cheefarn 5th Gear October 31, 2019 Share October 31, 2019 48 minutes ago, Heartbreakid said: Ultimately, regardless VES band A1, A2, B, gov doesn't bother how much it will benefit the buyers about the rebates BECAUSE, in the first place, gov never encourage the people to buy a car. Hence there is always an open end for the dealers to set and earn their margin. And if your new car kenna the C2 band, LTA takes that 20k surcharge just sitting there while your PARF remains the same.. This is why SG is such a great country to live in. Our citizens do not have the mindset to even question what they are paying. No wonder that Ramesh ah neh can look down on us and trampled all over us just by using fake certs. We deserved to be looked down upon actually 1 1 Link to post Share on other sites More sharing options...
Nyox 2nd Gear October 31, 2019 Share October 31, 2019 Rebate or surcharge, either way the consumer lose out. So best is to get a VES neutral car. 1 Link to post Share on other sites More sharing options...
Ceecookie 5th Gear October 31, 2019 Share October 31, 2019 5 hours ago, therock said: https://www.straitstimes.com/singapore/transport/car-emissions-scheme-encouraging-buying-of-cleaner-car-models-to-be-extended-by The government is still singing the VES song.. But if I read it correctly, if you are offered a 10k VES rebate, you actually have to repay that at the end? Or is it half of it? Ves rebate is basically discount off ARF. With lower ARF, PARF will be lower too. So long term discount wise actual will be 50% of the upfront amount Link to post Share on other sites More sharing options...
andrewyewkc 5th Gear October 31, 2019 Share October 31, 2019 1 hour ago, Cheefarn said: And if your new car kenna the C2 band, LTA takes that 20k surcharge just sitting there while your PARF remains the same.. This is why SG is such a great country to live in. Our citizens do not have the mindset to even question what they are paying. No wonder that Ramesh ah neh can look down on us and trampled all over us just by using fake certs. We deserved to be looked down upon actually If LTA treats the rebate as a discount to the PARF and deducts it accordingly, to be consistent, they should treat the surcharge as an addition to the PARF. Link to post Share on other sites More sharing options...
Cheefarn 5th Gear October 31, 2019 Share October 31, 2019 29 minutes ago, Ceecookie said: Ves rebate is basically discount off ARF. With lower ARF, PARF will be lower too. So long term discount wise actual will be 50% of the upfront amount Seriously those with A1 and A2 rebates, your annual depreciation is alot higher than those with B, C1 and C2. So I hope you guys didn't subscribe to the myth that you just got a great deal with a A2 grade vehicle Link to post Share on other sites More sharing options...
Wt_know Supersonic October 31, 2019 Share October 31, 2019 (edited) in a fantasy world rebate $10k, the car is cheaper by $10k but in a real world rebate $10k, $7k makan by dealer, $3k pass on to buyer song bo????? willing seller, willing buyer what’s wrong to collect more if buyer all LLST to pay and pay everyone now can shout i pay $100k for this fking car ... as oppose to $1.5M for a fking property ... LOL Edited October 31, 2019 by Wt_know 3 Link to post Share on other sites More sharing options...
yishunite Turbocharged October 31, 2019 Share October 31, 2019 4 hours ago, Wt_know said: in a fantasy world rebate $10k, the car is cheaper by $10k but in a real world rebate $10k, $7k makan by dealer, $3k pass on to buyer Ya and buyer deduct $5k from PARF so in actual fact pass extra $2k to dealer despite $3k "discount" Sheeple stupid wat2do Link to post Share on other sites More sharing options...
Wildfaye29 Turbocharged November 12, 2020 Share November 12, 2020 VES scheme updated Jan 2021 https://www.lta.gov.sg/content/ltagov/en/newsroom/2020/november/news-releases/joint-news-release-by-the-land-transport-authority--lta----nea--.html https://www.sgcarmart.com/news/article.php?AID=24056 https://www.businesstimes.com.sg/transport/singapore-buyers-of-cleaner-cars-to-get-bigger-rebates-ev-battery-leasing-in-the-works 1 Link to post Share on other sites More sharing options...
Joe_X123 1st Gear November 13, 2020 Share November 13, 2020 (edited) I see a lot of people writing about whether VES rebate is passed on to the buyer. The varying profit margin and varying COE will make this assessment tricky, so for me is to just look at the profit markup by the dealer. After factoring the VES, COE and other duties/taxes, we can accurately calculate the base cost of the car. The difference between the final sell price and base cost is their profit. (of course some of the profit will go into paying commission and paying the cost of running the business) So if we calculate a VES Band A1 car profit margin in 2020 and then again in 2021, the change in the profit margin will give a clear indication how much of the increased rebate is passed on to the buyer. Secondly, we should also calculate the life cycle cost of car ownership, not just the upfront buying price before deciding on the model/brand assuming we have more than one under consideration. Most of us are already aware, a VES rebate will eventually be worth only half if we calculate the 10 year life cycle cost of the car. Edited November 13, 2020 by Joe_X123 wrong thread Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear November 13, 2020 Share November 13, 2020 22 minutes ago, Joe_X123 said: I see a lot of people writing about whether VES rebate is passed on to the buyer. The varying profit margin and varying COE will make this assessment tricky, so for me is to just look at the profit markup by the dealer. After factoring the VES, COE and other duties/taxes, we can accurately calculate the base cost of the car. The difference between the final sell price and base cost is their profit. (of course some of the profit will go into paying commission and paying the cost of running the business) So if we calculate a VES Band A1 car profit margin in 2020 and then again in 2021, the change in the profit margin will give a clear indication how much of the increased rebate is passed on to the buyer. Secondly, we should also calculate the life cycle cost of car ownership, not just the upfront buying price before deciding on the model/brand assuming we have more than one under consideration. Most of us are already aware, a VES rebate will eventually be worth only half if we calculate the 10 year life cycle cost of the car. What's the formula for the calculations? Link to post Share on other sites More sharing options...
Junyanyap Neutral Newbie November 13, 2020 Share November 13, 2020 (edited) I am about to get a Honda FIT. Assuming COE is the same, OMV at 16k 2020: 10k rebate, ARF 6k 2021: 15k rebate, ARF 5k. (Minimum ARF of 5k. Is this true?) Is it right to say that at most 1k off original cost of car at point of purchase? If yes, then perhaps a higher OMV to avoid hitting the minimum ARF 5k will see more "discount"? Next, get now or wait till 2021. Not in super urgent need for car. More worried the reducing quota will cause COE to skyrocket.. Edited November 13, 2020 by Junyanyap Link to post Share on other sites More sharing options...
Joe_X123 1st Gear November 13, 2020 Share November 13, 2020 4 hours ago, RogerNg_185295 said: What's the formula for the calculations? One motoring shows the various cost components of a car. Just need to know what is the OMV. Same formula is also use in the SGCarmart new car pricing page. Link to post Share on other sites More sharing options...
Jwee85 5th Gear November 13, 2020 Share November 13, 2020 To put it simply. Is it not 10years life cycle cost, simply the depreciation value per year? or is there are better formula. ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding - March 2024
COE Bidding - March 2024
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
This is why u dont lend car or money to ur friends
This is why u dont lend car or money to ur friends
Xiaomi EV is Coming
Xiaomi EV is Coming
Cars at Expo - Apr 2024
Cars at Expo - Apr 2024
Best way to sell car (aka highest price)
Best way to sell car (aka highest price)
2024 COE trend..
2024 COE trend..
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population