What is the COE rebate?

[Caiyuebin]

interested to buy a KIA Rio, the current price is $43,499 with $15k COE rebate. Don't understand what is the COE rebate. if I bid the COE at $20k. what is the real price I have to pay?

[Silver_blade]

A $15k COE rebate means that if the COE price drop to $14k, C&C will refund you $10k. Anything more than $15k, they reserve the rights to top-up for you 'FOC' or cancel the agreement and give you a refund.

 

The car will cost more if you for the COE on yout own.

 

Btw, the new Rio is due to be launched a few months from now.

[Silver_blade]

It should be a refund of $1k. Was informed of the typo error.

[Deckbuild]

I will just use back the old thread:

 

Want to check, how does the COE rebate works when you dereg a car.

 

For example when you buy a new car from dealer and agreed on 50k COE, but they got it at 60k instead, we will be getting back 54k or 50k when dereg by 1 year?

 

[Steptronic]

I will just use back the old thread:

 

Want to check, how does the COE rebate works when you dereg a car.

 

For example when you buy a new car from dealer and agreed on 50k COE, but they got it at 60k instead, we will be getting back 54k or 50k when dereg by 1 year?

Rebate is on "Paper Value" leh and has not nothing to do with what you agreed with AD. So, you should get 54k back. My commisison is 1% now!

[Deckbuild]

Rebate is on "Paper Value" leh and has not nothing to do with what you agreed with AD. So, you should get 54k back. My commisison is 1% now!

 

Dunno leh, I check from One motoring, the date I input for de-registering my car is on 20 Jun 2013

 

Intended PARF Rebate Details

PARF Eligibility: Yes

PARF Eligibility Expiry Date: 24 Oct 2022

PARF Rebate Amount: $10,315.00

Intended COE Rebate Details

COE Expiry Date: 24 Oct 2022

COE Category: A - Car (1600cc & below)

COE Period(Years): 10

QP Paid: $73,501.00

COE Rebate Amount: $58,800.00

Total Rebate Amount: $69,115.00

The information contained herein is correct as at 18 Jan 2013

[Steptronic]

Dunno leh, I check from One motoring, the date I input for de-registering my car is on 20 Jun 2013

 

Intended PARF Rebate Details

PARF Eligibility: Yes

PARF Eligibility Expiry Date: 24 Oct 2022

PARF Rebate Amount: $10,315.00

Intended COE Rebate Details

COE Expiry Date: 24 Oct 2022

COE Category: A - Car (1600cc & below)

COE Period(Years): 10

QP Paid: $73,501.00

COE Rebate Amount: $58,800.00

Total Rebate Amount: $69,115.00

The information contained herein is correct as at 18 Jan 2013

 

COE rebate is calculated in terms of months. (COE value / 120)XUnused months. Please note that the remaining days are also converted to fraction of months. Use this formula to see if you are getting correctly!

[Deckbuild]

COE rebate is calculated in terms of months. (COE value / 120)XUnused months. Please note that the remaining days are also converted to fraction of months. Use this formula to see if you are getting correctly!

 

Based on what copied from one motoring, if I calculate, the figure sure bigger than 58.8k COE rebate....

 

And I remember when I got my car, my SE told me there will be a COE rebate of 58K blah blah, so I suspect there are something to do with this.

 

Got lower COE like 50k, I will get back 8.8k. Got higher COE like 73k, my rebate if I dereg before the formula kicks in will be at 58.8k?

 

Sorry for the broken english =X

[Steptronic]

Based on what copied from one motoring, if I calculate, the figure sure bigger than 58.8k COE rebate....

 

And I remember when I got my car, my SE told me there will be a COE rebate of 58K blah blah, so I suspect there are something to do with this.

 

Got lower COE like 50k, I will get back 8.8k. Got higher COE like 73k, my rebate if I dereg before the formula kicks in will be at 58.8k?

 

Sorry for the broken english =X

Wait wait, are you deregistering within 2 years of your purchase, then you can get back only 80% of COE value. In your case it is right 58k is 80% of your COE.

[Deckbuild]

Wait wait, are you deregistering within 2 years of your purchase, then you can get back only 80% of COE value. In your case it is right 58k is 80% of your COE.

 

OH!

 

you mean the the COE Rebate formula only kicks in after 2 year sibo?

[Steptronic]

OH!

 

you mean the the COE Rebate formula only kicks in after 2 year sibo?

Sort of "yes" - First 2 years you get only 80% max. After two years apply the formula!

[Doraemarc]

guys u r talking 2 diff kind of rebate here. the AD rebate means u r buying e car at a coe price of, say $90k. if the next coe bidding they secure e coe for u at $85k, means there will be a $5k rebate from the selling price. anything higher u need not top up most of e time.

 

for the rebate in onemotoring it is actually the refund of the unused coe when u dereg the car. if your coe is at $85k, n u dereg at end of 9th year, u get back 10% of coe which is $8.5k plus watever scrap value of the car by the formula OMV x 55%. if u dereg at end of 1st year e coe rebate (refund) is 90% of coe. hope this clarifies...

[Deckbuild]

guys u r talking 2 diff kind of rebate here. the AD rebate means u r buying e car at a coe price of, say $90k. if the next coe bidding they secure e coe for u at $85k, means there will be a $5k rebate from the selling price. anything higher u need not top up most of e time.

 

for the rebate in onemotoring it is actually the refund of the unused coe when u dereg the car. if your coe is at $85k, n u dereg at end of 9th year, u get back 10% of coe which is $8.5k plus watever scrap value of the car by the formula OMV x 55%. if u dereg at end of 1st year e coe rebate (refund) is 90% of coe. hope this clarifies...

 

Yep, I highlight the word dereg

[Kobey]

Just wondering, now that the COE are expected to head south, many of the COE rebates given by the dealers have a high likelihood to be triggered.

 

If let's say COE in the next round goes down to eg. 40k, tecnically speaking if the rebate is set at 75k, the car buyer should be getting back 35k. But dealer could also use their open Cat COE to register the buyer's car and thus do not have to pay the rebate.

 

I am thinking there is a possibility the dealers might use this to avoid paying COE rebate during this sort of extreme environment.

[Forte3737]

Just wondering, now that the COE are expected to head south, many of the COE rebates given by the dealers have a high likelihood to be triggered.

 

If let's say COE in the next round goes down to eg. 40k, tecnically speaking if the rebate is set at 75k, the car buyer should be getting back 35k. But dealer could also use their open Cat COE to register the buyer's car and thus do not have to pay the rebate.

 

I am thinking there is a possibility the dealers might use this to avoid paying COE rebate during this sort of extreme environment.

 

coe will not drop so much.expect it to still hover around 70k region.

[Camrysfa]

Just wondering, now that the COE are expected to head south, many of the COE rebates given by the dealers have a high likelihood to be triggered.

 

If let's say COE in the next round goes down to eg. 40k, tecnically speaking if the rebate is set at 75k, the car buyer should be getting back 35k. But dealer could also use their open Cat COE to register the buyer's car and thus do not have to pay the rebate.

 

I am thinking there is a possibility the dealers might use this to avoid paying COE rebate during this sort of extreme environment.

 

 

 

[Dunforget]

sorry guys, i cannot start a topic. i feel like i was cheated. can anyone give me some advice?

 

it is the first time i am buying a car. today i went there alone. the end result is bait weird but the more i think about it the more i feel cheated.

 

can some kind bros look into my situation and advise me should I do anything about this or I should just close an eye:

 

- i wanted to buy a new car, the price is X. the coe rebate is 57k as advertised on flyer.

- honestly, i have no much idea about what is the significance of this 57k and the promoter never explained much.

- i wanted a 2k discount. i.e. X-2000

- They rejected. At the end, only agreed on X-1400.

- That means, I got the car at advertised price - 1400.

 

BUT, I noticed they decreased the magical COE rebate from 57k to 54k by 3k!

- when i question them on this, they say bcoz i got a very good deal, they have to adjust this, every dealer do this.

 

The more i think about this, the more I feel cheated. What do you guys think?

My understand now is, if the COE dropped to 50k for whatever reason, i only got 4k refund, instead of originally 7k.

For only 1400 cash discount, i am risking a 3k loss.

 

I dont know should I close an eye, or should I seriously argue about this.

This is urgent. Hope any kind soul help to enlighten me.

[RadX]

non issue cos the coe still higher this time round...no rebate...

 

case closed