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74 replies to this topic | 6 praises

#1

Posted 09 March 2010 - 04:52 PM

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Any mcfers here care to tell me for auction in sgcarmart
1) how it works
2) what is Rebate Amount As At 31-03-10
3) usually why cars in the auction list
4) the condition of cars << can gurantee or not
ty
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#2

Posted 09 March 2010 - 05:20 PM

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Hi ,

Auction car normally are those who cannot cont their monthly loan and was repossed back by finance company.
Those car condition normally also cannot garrenty cause u cannot view in detail and if you heng heng can get with car with good sound system.
Price wise ... its cheaper but those car normally aim by 2nd hand car dealer wan. We private sure lose the bidding wan ....

my 2cent

#3

Posted 09 March 2010 - 08:35 PM

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Any mcfers here care to tell me for auction in sgcarmart
1) how it works
2) what is Rebate Amount As At 31-03-10
3) usually why cars in the auction list
4) the condition of cars << can gurantee or not
ty


I bidded 3 times and failed.
I think so too, the second dealer is around.
I cannot out bid them.
I bid the so-called made in korea car some more.
We can view the car at at Turf city.
Been there a few time.
the GE allow us to start the engine if u ask, and provided they have the key.
Some car no key one.
go down to Turf City see the car and bid higher than the deregistered value.
dun bid higher than the indicative price.
unless someone compete with u, and u decided to out bid them.
:P
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#4

Posted 10 March 2010 - 03:57 PM

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u mean
go down to Turf City see the car and bid higher than the deregistered value << bid higher than theRebate Amount As At 31-03-10?
hmmm

I bidded 3 times and failed >>wah aution so cruel bigcry.gif

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#5

Posted 10 March 2010 - 04:11 PM

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1 of the major problem for us is cash. We need to settle the full amount in a few days after successful.
If I am not wrong, you can bid at any price, even below the deregistered value.
Champion of the Champions 2016 & 2017!

#6

Posted 10 March 2010 - 04:21 PM

Fedup-camry
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rebate amount at 31-3-2010 means the paper value of the car if degistered and exported by 31-03-2010, the unused COE (balance from 10 yrs) value plus the parf

Edited by Fedup-camry, 10 March 2010 - 04:21 PM.


#7

Posted 10 March 2010 - 04:45 PM

Danielgsx
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dun bother, why auction for used tissue paper?

#8

Posted 10 March 2010 - 07:06 PM

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u mean
go down to Turf City see the car and bid higher than the deregistered value << bid higher than theRebate Amount As At 31-03-10?
hmmm

I bidded 3 times and failed >>wah aution so cruel bigcry.gif


yes, those idiot will not let you have the car so easily...
bid till over the indicative price... car body normally 500-3k est.
dun bid too high no point...
by the way u can get car leasing company to give u car loan...

so bid somewhere in between the deregistered value and the indicative value.
if you realise that u are close to the monthly installment of getting a new car...
for example:
new car monthly installment = $550
auction car monthly installment = $450-500.
no point... go for new car...100-200 dollar can't get you anywhere anyway.

if you are going for second hand car anyway,
always double check with the second car online.
unless it is a sport car where the bid is normally lower compare to the second hand market.

risk is NO WARRANTY that it is in good condition.
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#9

Posted 10 March 2010 - 07:08 PM

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dun bother, why auction for used tissue paper?


Used tissue?
:P
like girlfriend...
get first timer, or is will be like used party ballon...
yeah?
imagine the stuff still inside.
and you had to put yours in it...
god....
I so disgusting...
:P
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#10

Posted 10 March 2010 - 09:27 PM

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these cars are sold as they are. nobody knows if they are lemons. can't even test drive.

the winning bids are often ridiculously high, might as well choose other used cars that you can test drive, examine and send for assessment.

anyway, i think the dealers have their means to win the bid if they really want it. don't bother.

#11

Posted 10 March 2010 - 09:37 PM

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these cars are sold as they are. nobody knows if they are lemons. can't even test drive.

the winning bids are often ridiculously high, might as well choose other used cars that you can test drive, examine and send for assessment.

anyway, i think the dealers have their means to win the bid if they really want it. don't bother.


You're right,
But no harm trying...
if it is about paying 300 mthly installment i will really consider...
but i go for new car...
peace of mind with warranty...
500 plus mthly installment...
better than some crappy abused auction car costing almost the same price...
therefore i have rules to the bid...
above 350 mthly, they can go ahead and win the bid...
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#12

Posted 11 March 2010 - 01:43 AM

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I bidded 3 times and failed.
I think so too, the second dealer is around.
I cannot out bid them.
I bid the so-called made in korea car some more.
We can view the car at at Turf city.
Been there a few time.
the GE allow us to start the engine if u ask, and provided they have the key.
Some car no key one.
go down to Turf City see the car and bid higher than the deregistered value.
dun bid higher than the indicative price.
unless someone compete with u, and u decided to out bid them.
:P


I think the bidding system is a bit greylish . They should have something like the ebay bidding system where everyone can see the price bidding .


#13

Posted 11 March 2010 - 07:42 AM

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i am really not sure of some dealer's strategy... some like got no strategy. i bidded more than 5 times for auction cars, all lose out, only to see the same car on some dealer's webpage marked up to hell. these same cars would be sitting idle with no buyers until gradually the dealer bring the price down to almost the auction price, and they thrown in in-house warranty as well dizzy.gif .

#14

Posted 11 March 2010 - 11:48 AM

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i am really not sure of some dealer's strategy... some like got no strategy. i bidded more than 5 times for auction cars, all lose out, only to see the same car on some dealer's webpage marked up to hell. these same cars would be sitting idle with no buyers until gradually the dealer bring the price down to almost the auction price, and they thrown in in-house warranty as well dizzy.gif .


well thats is business..
biggrin.gif
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#15

Posted 11 March 2010 - 11:48 AM

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You're right,
But no harm trying...
if it is about paying 300 mthly installment i will really consider...
but i go for new car...
peace of mind with warranty...
500 plus mthly installment...
better than some crappy abused auction car costing almost the same price...
therefore i have rules to the bid...
above 350 mthly, they can go ahead and win the bid...


thats true neway thanks for the advice... will tell my friend about it
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#16

Posted 11 March 2010 - 11:53 AM

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rebate amount at 31-3-2010 means the paper value of the car if degistered and exported by 31-03-2010, the unused COE (balance from 10 yrs) value plus the parf


sori to ask again... am i correct to say, that is the value cost of the car on the date stated?
but we can just put the price if no one put it first << as some our bro say?

sori to ask many question cause me and friends nvr ever try the auction system before

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#17

Posted 11 March 2010 - 11:54 AM

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these cars are sold as they are. nobody knows if they are lemons. can't even test drive.

the winning bids are often ridiculously high, might as well choose other used cars that you can test drive, examine and send for assessment.

anyway, i think the dealers have their means to win the bid if they really want it. don't bother.


wow that is so depend on luck
like wining TOTO..
wondering if we bought already then the car cannot move = suck thumb?
sad.gif
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#18

Posted 11 March 2010 - 12:39 PM

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sound like bidding with luck and gambling.:(

#19

Posted 11 March 2010 - 05:04 PM

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sound like bidding with luck and gambling.:(


true
i think i will ask my friend to pass the auction thing biggrin.gif
dont want heart attackt tongue.gif
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#20

Posted 11 March 2010 - 05:12 PM

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I think if you bid at > dereg value but < than export value, even if you are the highest bidder, they dun have to give u the car. They can just export the car.

This is because it is in the interest of the bank that the highest possible value is secured.

And 2nd hand car dealers will bid at < their selling price to end user but > than export value.

So unless u r in the industry and know what is the export value (not dereg value) of the car, u basically dun stand a chance.


End-user direct bid seldom successful, the reason is v simple. We tend to want to bid near the dereg value, esp for car with no key, bcos we know that if car lemon, just scrap and lose a few k. But for the dealers, they know how to see if the car just needs a simple battery replacement for it to work, etc, so they dare to bid higher.

If u bid at a price, like 2k below the 2nd hand market rate for that car, u will be successful. but if the car lemon, chui, at least 10k fly away.


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