Posted 26 April 2019 - 01:32 PM
Depends on the distributorship.
For Toyota, Nissan, Mazda, all bookings made under non guaranteed COE all secured COE.
The profit margin for the Toyota Altis, at current COE price, is $20,000. There's sufficient margin to absorb the difference even if COE price goes up by a few thousand. Borneo Motors is even more anxious than the buyer, to secure the COE. If they fail to meet the annual sales quota set by the principal in Japan, their dealership will be revoked.
But if you purchase a Perodua Bezza or MYVI, where the profit margin is a mere $5,000+, obviously they don't have the financial means to absorb the difference to secure your COE.
Edited by Vinceng, 26 April 2019 - 01:50 PM.
Posted 27 April 2019 - 09:06 AM
But take note that if car stock available, dealer could use the open catalogue secured from previous few bids which could be lower than price quoted now.
Bought my car jan2017 under G, price quoted with COE $42k, dealer used open catalogue at $45k for immediate registration. COE on log card stated $42k. So I am ok.
If using COE of lower amount, then ask if any rebates.
Posted 04 May 2019 - 08:17 PM
Posted 04 May 2019 - 09:11 PM
Mine is gcoe 6bids. No top up. But if the coe go up 10k how? Will pi still deliver? Or can they cancel the contract?
If too many unprofitable deals lead to bankruptcy, PI will have to close shop.
To avoid this situation, the PIs (and ADs) will bid more aggressively to secure the COEs asap.
Hence, the next few COE tenders will be interesting.
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