Soya Supersonic May 16, 2019 Share May 16, 2019 I am a dealer, i self sell my own stock yes, returns? can be good can be bad, i win some and lose some. My point is that what they declare doesnt reflect their real income, talking about Borneo here. Ahemmm....are u implying that SEs take a cut of the oredi lowball price when they refer to used car dealer?...*shock*horror* ↡ Advertisement Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear May 16, 2019 Share May 16, 2019 Ahemmm....are u implying that SEs take a cut of the oredi lowball price when they refer to used car dealer?...*shock*horror*Of course they do earn from trade in cars. How many percentage of a cut they take is industry secret Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear May 16, 2019 Share May 16, 2019 Top income bracket is 320k...not 250k..in fact the tax liability gapped v wide aft 250k :(( kumsia for the info! bottomline is me and a few here are at the bottoms, hahahahahahahha Ahemmm....are u implying that SEs take a cut of the oredi lowball price when they refer to used car dealer?...*shock*horror* my recent experience with trade in price is can nego and sometimes it get escalated to Head of Sales, even GM/MD level cos is back to back to the purchase price and bundling of the new car buying but its still loss, just don lose so much and how much is so much is the key tat buyer hv to decide, before even signing on the dotted line both ways... Link to post Share on other sites More sharing options...
Soya Supersonic May 16, 2019 Share May 16, 2019 kumsia for the info! bottomline is me and a few here are at the bottoms, hahahahahahahha my recent experience with trade in price is can nego and sometimes it get escalated to Head of Sales, even GM/MD level cos is back to back to the purchase price and bundling of the new car buying but its still loss, just don lose so much and how much is so much is the key tat buyer hv to decide, before even signing on the dotted line both ways... First rule.....never trade in. U lose leverage immediately. Only if u hv scrap car n they can't lowball further Link to post Share on other sites More sharing options...
Spacespec 1st Gear May 16, 2019 Share May 16, 2019 Of course they do earn from trade in cars. How many percentage of a cut they take is industry secretI'm not certain but I believe SE do not earn from trade in. For most big AD, they have their own used car departments and the company earn not SE 1 Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear May 16, 2019 Share May 16, 2019 First rule.....never trade in. U lose leverage immediately. Only if u hv scrap car n they can't lowball furtherSell via quotze. Not fantastic price but better than trade in Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear May 16, 2019 Share May 16, 2019 First rule.....never trade in. U lose leverage immediately. Only if u hv scrap car n they can't lowball further correct but i boh pian no time to self sell and nid car back to back cos of a chid seat:) trade in car only 1 year old cos when i was buying it, the new car not launch yet till one year later.... Sell via quotze. Not fantastic price but better than trade in prior to trade in, got a quotation from quotz, range is close Link to post Share on other sites More sharing options...
Soya Supersonic May 16, 2019 Share May 16, 2019 correct but i boh pian no time to self sell and nid car back to back cos of a chid seat:) trade in car only 1 year old cos when i was buying it, the new car not launch yet till one year later.... prior to trade in, got a quotation from quotz, range is close Quotz quotation is a range. Usually final price is close to the midpoint of the range. Your trade in quote is close to the lowpoint or midpoint? Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear May 16, 2019 Share May 16, 2019 Quotz quotation is a range. Usually final price is close to the midpoint of the range. Your trade in quote is close to the lowpoint or midpoint? if my memory serves me correctly range was 75-80, and the promise if sell thru the quotz bidding process is sure hv 75 else refund 100bucks i got 83 trade in Link to post Share on other sites More sharing options...
Soya Supersonic May 16, 2019 Share May 16, 2019 if my memory serves me correctly range was 75-80, and the promise if sell thru the quotz bidding process is sure hv 75 else refund 100bucks i got 83 trade in Overtrade? Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear May 16, 2019 Share May 16, 2019 Overtrade? educate me a bit wats the difference between trade in and overtrade? there was 2 rounds of escalation in add to inital offer if my memory serves again 78 to 80 80 to 82 82 to 83.5 ( i round down earlier paisey) Link to post Share on other sites More sharing options...
Soya Supersonic May 16, 2019 Share May 16, 2019 Trade in = actual lowball price ADs will take in Overtrade = inflated trade in (and invoice) price to make buyers feel they getting a good deal and lowers the downpayment. But ultimately it's coming from the buyer's pocket But doesn't matter lah. Buy oredi just be happy Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear May 16, 2019 Share May 16, 2019 Trade in = actual lowball price ADs will take in Overtrade = inflated trade in (and invoice) price to make buyers feel they getting a good deal and lowers the downpayment. But ultimately it's coming from the buyer's pocket But doesn't matter lah. Buy oredi just be happy honestly the strategy was: nego the new car purchase price and bundle first and freeze it, and of cos i deem it a good worthy value product then nego the trade in was prepared to walk away and wait and see back later if lose too much having decided before hand wats too much am happy with the overall outcome, good product, value too, professional SE, very good product knowledge 1 Link to post Share on other sites More sharing options...
Daniu82 Supercharged May 16, 2019 Share May 16, 2019 Can you explain more on why overtrade coming from buyer's pocket? I often hear overtrade but not sure what it means. Trade in = actual lowball price ADs will take inOvertrade = inflated trade in (and invoice) price to make buyers feel they getting a good deal and lowers the downpayment. But ultimately it's coming from the buyer's pocketBut doesn't matter lah. Buy oredi just be happy Link to post Share on other sites More sharing options...
Soya Supersonic May 16, 2019 Share May 16, 2019 honestly the strategy was: nego the new car purchase price and bundle first and freeze it, and of cos i deem it a good worthy value product then nego the trade in was prepared to walk away and wait and see back later if lose too much having decided before hand wats too much am happy with the overall outcome, good product, value too, professional SE, very good product knowledge Good deal then. Seldom ever ADs will give better trade in price (without overtrade). My personal experience of AD trade in vs Quotz bidding:(i) AD $39k vs Quotz $43k (ii) AD $105k vs Quotz $120k Link to post Share on other sites More sharing options...
Kodiaqer 4th Gear May 16, 2019 Share May 16, 2019 (edited) Good deal then. Seldom ever ADs will give better trade in price (without overtrade). My personal experience of AD trade in vs Quotz bidding: (i) AD $39k vs Quotz $43k (ii) AD $105k vs Quotz $120k u must have liked the cars to purchase so much:) cold calculated move would be to let go thru quotz unless again car is needed back to back Edited May 16, 2019 by Kodiaqer Link to post Share on other sites More sharing options...
Soya Supersonic May 16, 2019 Share May 16, 2019 Can you explain more on why overtrade coming from buyer's pocket? I often hear overtrade but not sure what it means.This explains it quite well: https://www.------.com/car-selling-guide/10376/5-facts-about-overtrading-your-car-in-singapore 1 Link to post Share on other sites More sharing options...
Soya Supersonic May 16, 2019 Share May 16, 2019 u must have liked the cars to purchase so much:) cold calculated move would be to let go thru quotz unless again car is needed back to back I hv 2 cars so not so subjected to the back to back situation. I oso make this known to the SE that i not desparate to buy if deal not good coz i still hv another car to get around ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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