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  1. My father got sweet talked into signing an agreement to sell his vehicle on the spot by a dealer located in Turf City. He is 62 years old and doesn't know how to read English. No other person was present when he signed. The person who referred the dealer is from a workshop where my father send his vehicle for repairs. And this same person kept telling my father this is the best price to sell liao. So shady imo. I checked with other dealers and not surprised to know that my father can get a better price elsewhere. I called the dealer and asked him nicely why didn't he explain to my father what he was going to sign. My father thought it was just a letter of offer but turns out it was the sales agreement. The dealer rudely replied say buy and sell car is like going to supermarket buy chicken. Very simple no need to explain. He even told me, if you all change your mind just compensate me because your father signed liao. You better do your homework before you call me. If not we go court lor. This dealer who I spoke to apparently is the boss. I know there is nothing much I can do when my father is too embarrassed to pursue this matter. No unkind comments please. Already feel damn down liao.
  2. Anyone has any lawyer to recommend to face dealer for mileage tamper? possible to take it to court under fraud?
  3. Hello all, Newbie here with regards to getting a secondhand car, would like to seek advice here. Generally what should you look out for when considering to buy a secondhand/COE car? Specifically, does anybody have any review/experience dealing with <Car Express Auto Trading>? Saw a car that I'm interested in but can't seem to find any reviews on them. Thanks in advance!
  4. Do you guys find any value in using their services? On the occasions I was selling my car, I got a lot of "spam" SMS from them offering to sell on consignment for me.
  5. https://www.straitstimes.com/singapore/transport/car-dealers-set-up-own-online-portal-to-be-rolled-out-late-may?cx_testId=0&cx_testVariant=cx_1&cx_artPos=2#cxrecs_s SINGAPORE - In the face of competition from online portals, car dealers have banded together to set up their own marketplace. Dubbed UCars, the site is expected to be rolled out by the end of next month. It is the brainchild of 21 United Holdings, a consortium formed by 40 car dealers in Singapore who are in the midst of raising $5 million to run the site. UCars aims to offer "thousands of quality new and used car listings", in addition to exclusive deals, privileges and events for both consumers and dealers. "Our strict verification procedures mean that we will be the gold standard for having the most extensive collection of quality and reliable cars," said spokesman Leslie Hong. By the end of this year, consumers will be able to sell their cars to dealers through the UCars marketplace. The Straits Times first reported in November last year that car dealers had plans in the works to introduce their own portal to compete against sites such as sgCarMart and Carousell, which have gained ground in recent years. 21 United Holdings chairman Eddie Loo said that having their own portal will allow dealers to cut out the middleman and let them pass on the savings to customers. The members of the consortium are all industry veterans, some with several decades of experience, he noted. Mr Loo, who is also managing director of car dealer CarTimes Automobile, said the combined experience of these companies allows them to serve customers better and gives them an advantage over other online marketplaces. "We understand what consumers want," he said. ...... consumers don't want 2nd hand dealers
  6. Resale Value? Does it really mean resale Value higher? Some AD make 70% while most make 20%-30% premium.
  7. Feeling the heat of competition from online sites, used car traders are banding together to set up their own portal. A group of 20 traders led by Mr Eddie Loo, managing director of CarTimes Automobile, is raising $5 million with the aim of rolling out the site by early next year. "The online presence is eating into dealers' business," Mr. Loo told The Straits Times. "We need to protect our business before it's all taken away from us." He said competition has been coming fast and furious, in the form of such entities as sgCarMart, Carousell, Carros and ------. "And we find it's meaningless for us to support these online portals when they are competing with us," he added. Carousell, for instance, has muscled into the car domain, while sgCarMart has just started a car financial services arm. "Our aim is to become the largest online portal... to create a new marketplace for dealers," Mr. Loo said, adding that the yet-to-be-named site will be run by 'a professional team'. "It won't be run by dealers, so that it won't be one-sided," he added. "Every dealer will have a stake, so that their interest is protected." He said the business-to-consumer site will cater to motorists who want to buy or sell vehicles, and it could eventually allow deals to be done fully online. "It's still preliminary," he added. "The $5 million is just the first phase." Mr. Loo said the investment will go into hiring a team as well as marketing efforts. "There's a lot of marketing to be done," he noted. The used car trade is in the doldrums on account of depressed Certificate of Entitlement (COE) prices, which have rendered vehicle stocks bought with higher premiums commercially unviable. The slowdown, which started in July when COEs for cars up to 1,600cc fell to eight-year lows, has claimed at least one company. Shen Tat Enterprises has shut down after nearly 30 years in the business. ST PREMIUM article. https://www.straitstimes.com/singapore/transport/used-car-dealers-to-set-up-largest-online-portal
  8. Is it a free market or cornered market? Isn’t it good for a consumer to pay cheaper car prices? Why would it raise concerns? See news article
  9. What's on your mind when you saw your old car on road or when you saw it on SG CAR MART used car listings? For me, first question: "Wa lao eh...how much mileage the dealer tampered?"
  10. http://www.straitstimes.com/singapore/transport/manhattan-motor-in-turf-city-shuts-down-car-buyers-may-lose-tens-of-thousands-of?utm_campaign=Echobox&utm_medium=Social&utm_source=Facebook&xtor=CS1-10#link_time=1512106715 Manhattan Motor in Turf City shuts down, car buyers may lose tens of thousands of dollars Manhattan Motor closed shop after leaving more than 20 buyers without cars which they have paid for. SINGAPORE - The names have changed, but the story is the same. Another motor firm has closed shop after leaving more than 20 buyers without cars which they have paid for. Manhattan Motor in Turf City, a sole proprietorship owned by used car dealer Lee Kum Kuen, had sold the cars to several buyers in the last month or so, collected the money, but did not transfer the ownership to the buyers. The finance or leasing companies which the cars are still registered with then proceeded to repossess the cars. Dentist Daniel Chan, 34, was among those affected. He bought a used Volkswagen Tiguan in November and collected the car on Nov 6. On Nov 15, he tried to renew road tax for the car, but could not. He contacted the Land Transport Authority, and was told that the vehicle had not been transferred to him. The car has since been repossessed, and Manhattan has closed shop. Asked why he did not buy from authorised agent Volkswagen Centre Singapore, which has a used car division, he said: "I didn't want to spend too much on a car. The (Manhattan) price was right. I did an internet search on the company and there were no bad reviews. "I've bought two used cars before, and never had a problem," he added. He bought the six-year-old car for $70,000 and paid $50,000 in cash. Volkswagen Centre Singapore said it does not have a similar car in stock currently, but estimated that one would cost around $50,000. Police said they have received "more than 20" reports from consumers regarding Manhattan Motor. "We are looking into the matter," a spokesman said. Auto Lease Pte Ltd, one of the companies that repossessed the cars sold by Manhattan Motor, had already towed back seven cars. "Four are still at large," said director Anthony Lim. Mr Lim said such cases have become "very common". "You don't need a licence to be a motor dealer," he said. "Buyers just have to be vigilant." The Consumers Association of Singapore (Case) said it has received 14 complaints against Manhattan Motor since January, with 11 filed in the last two weeks. Executive Director Loy York Jiun said: "The complaints were primarily about the lack of transfer of ownership of the car to the consumer's name. "Some consumers feedback that despite having made full payment to the car dealer, their cars were repossessed as payment was not made to finance company. "Case is of the view that collection of payment by the dealer with no intention to fulfil their obligations under the contract is highly unethical and it is an unfair practice under the Consumer Protection (Fair Trading) Act. Consumers can seek recourse under the Act." But Case noted that “options are more limited in the event where a business ceases operations”. Manhattan Motor has not been contactable. Happening more and more often these days. Im sure its hurting all the other Parallel Importers as people lose faith in smaller dealers. what do you think can be done to stop this?
  11. https://www.onemotoring.com.sg/content/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/car_cost/_jcr_content/main_par/download/file.res/Car_Cost_Update.pdf Just thought I did share. The table is pretty much self-explanatory. It shows the amount of profits every authorized dealer make for each car they sell. Highly subjective but it's a good interesting gauge.
  12. I own a KIA k3(top specs), around 11months, average mileage, accident free. I itchy backside wanted to change to the face lifted 2016 Vezel or Sportage 2016 and so i went to test water on how much my resale value of my k3 is. Quotes received from the various websites and PI. Sg Motorist - 74k Sg Carmart - 70k to 75k PI - 70k. If i were to take the price of 74k, my car depreciates by 40k in less than a year. But then I saw a 2013 Forte(the previous model, not k3) is selling for 75k by a dealer at sgcarmart(i assume the dealer bought @ 65 to 70k from the previous owner?). My question is are they trying to carrot me or the price is really so low? How do i really know the true value of how much my car can fetch? Anyone i scratch my backside already, not itchy anymore. Now just curious is this the norm....
  13. Hi all, i would like to use this thread to share information when you are looking to trade in your cars to dealers. By making use of this information here, we can provide the trade in price that the dealers are offering for your current car, then the people who browse this thread can also offer you a price that is above what the dealer quotes you. WIN WIN for both sellers and buyers. Sellers can to sell their cars at prices higher than what dealers offer, buyers can buy used car at a much more reasonable price. Hope that i can start this thread to make buying/selling prices more reasonable, more transparent. format as shows. Make: Model Colour COE Mileage OMV Handover date Dealer $$$
  14. After owning this hyundai matrix 1.6 M for almost 10 years. It is due for scrap this 4th mar 2016. Any dealers to recommend(pls pm).
  15. Hi, any bros here got experience with PI? I've always bought from AD but for my next ride i'm considering PI as well. Is there anything that one needs to take note? And also i realise the recommended selling price indicated here in sgcarmart can be quite different from the price listed by some of the PIs. Any idea why is that so? Thanks in advance for any helpful advice.
  16. We can continue the debate here. Maybe it will help bridge the understanding between dealers and consumers. Please keep the discussion civilized and mature. Danke.
  17. Anyone has experience with this - I am getting a new phone and am thinking of selling my current phone. If I sell my current iphone to a second hand phone dealer, can they transfer the data in my phone for me to my new phone?
  18. http://www.straitstimes.com/singapore/debt-collectors-called-in-after-car-deal-turns-sour Mr Yee, 36, bought a Chevrolet Optra from Gold Automobiles in February, but it broke down a few weeks later after suffering problems such as faulty air-conditioning and a defective car key. Mr Yee said he bought it so he could drive his 60-year-old mother between their Ang Mo Kio flat and his aunt's Jurong home, as his mother is caring for his newborn cousin. He had the car towed back to Gold for repairs. "I haven't seen it since," he said. "To my horror, I realised two months later that the car ownership had not been transferred to me."
  19. Did anyone notice the price hikes across all model and dealers? When I bought my car last June, my monthly depreciation was approx 700 Now Most cars are atleast 1k mthly depreciation among All Dealers listing amid increment in coe quota 😅
  20. Hi Guys, Can assist in providing the list of car dealers that offers balloon / special loan scheme ? Car dealers in the forum that offers such scheme please pm as i intend to trade in my car for next purchase. Thanks.
  21. Hi, need some opinion from experts here as I have no experience buying a used car. Right now, I got my eye on a 2009 Honda Civic and have some doubts about the finance and reputation of the deal. I intend to pay full cash without any loan. Understanding that such arrangement would means that the price be mark up in a way. What is the norm market mark up for this case. They mark up my price around $2k. They propose a loan of half of purchase and mentioned for 4 yrs but I make full settlement after the 6th month without any penalty from the bank. But a repayment of unused interest of 70% to 80%. Is it so? I saw this particular car twice on the internet on SGcarmart. The first is sold and now the ad is opened again. Is there any reason for me to be careful of. Heard a lot of scams outside by second dealers a lot.
  22. Car buyers can start planning their purchases next year. Let's just hope the loan rule still applies, just to dampen the demand a little. http://m.sgcarmart.com/articles/articleinfo.php?CT=n&AID=11131 With a maximum of about 52,000 cars, which can be deregistered between now and mid-2015, dealers are preparing for a big spike in Certificate of Entitlement (COE) supply within the next year, reported The Business Times. Deregistrations are the main component in determining each new COE quota and over the past four years, the number of cars scrapped has been low. This, and a lower allowable vehicle growth rate and COE clawbacks due to previous oversupply, have put a squeeze on COEs. As a result, the number of private passenger cars registered in 2013 was just 22,008 units, while only 27,000-plus new cars were put on the roads in each of the preceding two years. The director of a volume dealership quipped, "Compared to those lean years, 2015 will have at least 50 percent more car COEs, if not 75 percent more.'' The situation looks even rosier beyond that. According to the Land Transport Authority, from mid-2015 to mid-2016, a maximum of 107,000 cars are due for deregistration, or double the preceding period's figure. And this pool remains about the same size for the following 12-month period from mid-2016 to mid-2017. So it is no surprise that many distributors are ramping up operations. The Mitsubishi brand, for example, is returning to Cycle & Carriage's Alexandra Road showroom. Some brands are expanding their model lineup. For Opel and Chevrolet, distributor Alpine Motors is bringing in two new models each. The four cars will be Alpine's first new model launches in two years. But others may be more cautious about over-extending themselves. Over at Borneo Motors Singapore, the authorised Toyota distributor is said to be streamlining its Pre-Delivery Inspection (PDI) operations and securing new facilities to handle the expected rise in sales. But it appears investment in other areas may take place only when the actual boom materialises.
  23. Somehow, I am not sympathetic for them, ie car dealers. Why le??
  24. http://www.straitstimes.com/news/singapore/transport/story/more-used-car-dealers-sour-over-lemon-law-20140502 More used-car dealers are crying foul over a law meant to protect consumers, claiming that some are abusing it to demand the replacement of vehicle parts worn down by age. Just six months after the lemon law was implemented in September 2012, complaints on defective goods in the motorcar industry jumped fivefold to 98 cases, compared to just 19 cases six months earlier, said the Consumers Association of Singapore (Case). It has since handled 302 complaints linked to the motorcar industry under the lemon law, which compels businesses to repair or replace a product found to be defective within six months.
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