C.E.V.S. rebates.

[ER-3682]

Hi Forumers,i just got my Mazda 6,this car have a green car rebate of $5000...but don't get happy,i got my log card,the $5000 is deducted from my scrap value at the 10th year,my car got an O.M.V. $27,500,if no rebate,my scrap value is 55% of O.M.V., which is $15125,now my scrap value is $10125,that means the $5000 is actually my own $$$,i only paid $5000 less up front,so this type of C.E.V.S. is like L.P.P.L.,you guys understand.?Let's says if you car's O.M.V. is about $25,000,your green rebates are $15,000,[for example VW Golf]that means on the 10th year you got nothing back from the G'ovt....real s--t.

[Camrytron]

Hi Forumers,i just got my Mazda 6,this car have a green car rebate of $5000...but don't get happy,i got my log card,the $5000 is deducted from my scrap value at the 10th year,my car got an O.M.V. $27,500,if no rebate,my scrap value is 55% of O.M.V., which is $15125,now my scrap value is $10125,that means the $5000 is actually my own $$$,i only paid $5000 less up front,so this type of C.E.V.S. is like L.P.P.L.,you guys understand.?Let's says if you car's O.M.V. is about $25,000,your green rebates are $15,000,[for example VW Golf]that means on the 10th year you got nothing back from the G'ovt....real s--t.

Bro when u sign on the dot line they discount 5k from the list price huh?

your parf is 10k only, really sad

Like that next time must squeeze more discount from dealer.

Thanks bro for sharing info.

Btw how is the ride?

[Chucky2007]

Sounds like a scam.. then better to get car with no rebate right?

[Shanhz]

you paid less for the car, and save interest. you call this LPPL? the savings over 10 yrs easily 6-7k incl interest

[Coolpica]

Thanks for sharing. I was skeptical over this, knowing the govt well, I was wondering where this deduction would be taken from. Guess there is no free lunch after all.

[ER-3682]

Sounds like a scam.. then better to get car with no rebate right?

Exactly...

[Zyklon]

I thought it should be:

 

1. W/O cevs rebate, parf=50% of omv

2. with cevs rebate, parf=(50% of (omv-cevs))

 

No?

[ER-3682]

Bro when u sign on the dot line they discount 5k from the list price huh?

your parf is 10k only, really sad

Like that next time must squeeze more discount from dealer.

Thanks bro for sharing info.

Btw how is the ride?

Car Very Nice....

[ER-3682]

you paid less for the car, and save interest. you call this LPPL? the savings over 10 yrs easily 6-7k incl interest

You from P.A.P. or L.T.A..???

[Shibadog]

i wonder if this means that cars that kena the surcharge (non-environment frenly) from 1st July will get back the surcharge when dereg?

 

if not, then double standard...

 

 

full table here

 

[ATTB]

You from P.A.P. or L.T.A..???

 

May be both..

[TheRationalVoice]

For a car purchased after March 2008, and assuming it is scrapped on the 10th year:-

 

ARF = 100% x OMV, and PARF = 50% x ARF

 

 

 

Lets assume the OMV of the new car is $25,000.

 

 

 

Scenario 1: No CEVS rebate:-

 

ARF = $25,000, and

PARF = 50% x ARF = 50% x $25,000 = $12,500.

 

 

 

Scenario 2: CEVS rebate of $5,000

 

Since, the CEVS rebate can only be used to offset the ARF:-

 

ARF = $25,000 - $5,000 = $20,000, and

 

PARF = 50% x ARF = 50% x $20,000 = $10,000.

 

 

 

The real rebate is thus $2,500. And the PARF lost is $2,500.

 

 

For any car of any OMV, and a CEVS rebate of c, the real rebate is $0.5c, and the PARF lost is also $0.5c

 

In reality, therefore, the actual saving is only 50% of the value of the rebate, on the assumption that the car is scrapped on the 10th year.

[Rezorn86]

For a car purchased after March 2008, and assuming it is scrapped on the 10th year:-

 

ARF = 100% x OMV, and PARF = 50% x ARF

 

 

 

Lets assume the OMV of the new car is $25,000.

 

 

 

Scenario 1: No CEVS rebate:-

 

ARF = $25,000, and

PARF = 50% x ARF = 50% x $25,000 = $12,500.

 

 

 

Scenario 2: CEVS rebate of $5,000

 

Since, the CEVS rebate can only be used to offset the ARF:-

 

ARF = $25,000 - $5,000 = $20,000, and

 

PARF = 50% x ARF = 50% x $20,000 = $10,000.

 

 

 

The real rebate is thus $2,500. And the PARF lost is $2,500.

 

 

For any car of any OMV, and a CEVS rebate of c, the real rebate is $0.5c, and the PARF lost is also $0.5c

 

In reality, therefore, the actual saving is only 50% of the value of the rebate, on the assumption that the car is scrapped on the 10th year.

 

Yup, agree with u...

 

Did went to a few showroom today, those SE had to me the similiar method as abv.

 

And for they penatly wise, it will kicks in from 1st July.

Edited February 24, 2013 by Rezorn86

[Simplecar]

You from P.A.P. or L.T.A..???

He knows what TVM is.

[Deckbuild]

This have been shared and discuss for sometime already. You pay lesser you get back lesser. What matters most is are the rebate passed to onwers or as profit for dealers we will never know.

[Atonchia]

you paid less for the car, and save interest. you call this LPPL? the savings over 10 yrs easily 6-7k incl interest

 

 

That means it only benefit those who pay cash and does not take loan.

 

Hmmm.... I wonder who are those people in this segment.

[Cluboxed]

That means it only benefit those who pay cash and does not take loan.

 

Hmmm.... I wonder who are those people in this segment.

 

definitely there is a trade-off somewhere...i dun think we can ever expect freebies from the authority...

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