5-series - Is this price difference possible ?
- Thread starter Lingus
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Re: 5-series - Is this price difference possible ?
Was informed that the lowest OMV 523 registered has a value of $37.5k and the highline has an OMV of $$43.5k....
I cancelled my booking for the highline as my current 525 has an OMV of $62+k, and I paid almost as much for it.
Couldn't bring myself to pay this.
bmw8448;546371 said:OMG, i am supposed to collect my F10 523 highline this coming june , with such low OMV, i think must clarify with SE immediately
Was informed that the lowest OMV 523 registered has a value of $37.5k and the highline has an OMV of $$43.5k....
I cancelled my booking for the highline as my current 525 has an OMV of $62+k, and I paid almost as much for it.
Couldn't bring myself to pay this.
Re: 5-series - Is this price difference possible ?
Well, I think a big part in the discrepancy is the exchange rate. Previously, the Euro Vs SGD was as high as $2.10 but due to the European financial troubles, its now about $1.75 (thereabouts). The OMV is based on the value of the car when it is imported so the low exchange rate does put a downer on the OMV of the car.
However, due to this, PML should not have raised the prices of the cars $30k (or so).
I believe that once the first few waves are cleared, PML will reduce the price as the 523 needs to compete with the E200 and Audi A6.
wt_know;546404 said:
Well, I think a big part in the discrepancy is the exchange rate. Previously, the Euro Vs SGD was as high as $2.10 but due to the European financial troubles, its now about $1.75 (thereabouts). The OMV is based on the value of the car when it is imported so the low exchange rate does put a downer on the OMV of the car.
However, due to this, PML should not have raised the prices of the cars $30k (or so).
I believe that once the first few waves are cleared, PML will reduce the price as the 523 needs to compete with the E200 and Audi A6.
Lingus
Well-Known Member
Re: 5-series - Is this price difference possible ?
I would think COE prices is somewhat stabilising and should hover around 30-40k range in the forseeable future. This is about 10-15k above Jan-10 level when 523 was launched at 188k. Hence if you ignore FX this translates to 200-205k for the base model. Of course Perf Motor would say that was "pre-launch" price and the official launch price would be a few k higher... which is... an acceptable argument.
But FX wise, 1 Euro > 2 SGD for the longest time. If Perf Motor is placing the orders now, 1 Euro < 1.75 SGD. Therefore the lower OMV is not surprising at all, and i dare say it does reflect the lower costs they paid for the stock possibly 10-12% lower (of course they could be lowering their "declared OMV" as well but we don't know).
Assuming they are paying SGD 5 - 10k lesser per car to Germany, this translates to SGD11.5k to SGD 23k lower costs. I would say, the reduction in their costs should offset the increase in COE price.
Well at the end of the day its supply and demand, they can't hold the 215k price tag unless consumers are willing to pay.
hoks;546424 said:Well no. of COEs are gonna reduce by half or thereabouts this year, if u are PML what will u do to increase/sustain profit with reduced sales?
I would think COE prices is somewhat stabilising and should hover around 30-40k range in the forseeable future. This is about 10-15k above Jan-10 level when 523 was launched at 188k. Hence if you ignore FX this translates to 200-205k for the base model. Of course Perf Motor would say that was "pre-launch" price and the official launch price would be a few k higher... which is... an acceptable argument.
But FX wise, 1 Euro > 2 SGD for the longest time. If Perf Motor is placing the orders now, 1 Euro < 1.75 SGD. Therefore the lower OMV is not surprising at all, and i dare say it does reflect the lower costs they paid for the stock possibly 10-12% lower (of course they could be lowering their "declared OMV" as well but we don't know).
Assuming they are paying SGD 5 - 10k lesser per car to Germany, this translates to SGD11.5k to SGD 23k lower costs. I would say, the reduction in their costs should offset the increase in COE price.
Well at the end of the day its supply and demand, they can't hold the 215k price tag unless consumers are willing to pay.
whatupz
Active Member
Re: 5-series - Is this price difference possible ?
I dont understand why pml 2.5 523 can output the same 204hp with the 3.0 UK 523. Supercharged turbo ? Click what i find on the net All New BMW 5 Series Facelift .
I dont understand why pml 2.5 523 can output the same 204hp with the 3.0 UK 523. Supercharged turbo ? Click what i find on the net All New BMW 5 Series Facelift .
Jason8822
Well-Known Member
Re: 5-series - Is this price difference possible ?
Well tuned 2.5L vs Detuned 3.0L .......
I would get the detuned 3.0L cos its very easy to tune up.
Like my 523, getting 20-30 more horse is a breeze
I think this 204hp 2.5L unit would fail EU emission test, that's why they dump it and detune the 3.0L and call it 523
whatupz;546468 said:
Well tuned 2.5L vs Detuned 3.0L .......
I would get the detuned 3.0L cos its very easy to tune up.
Like my 523, getting 20-30 more horse is a breeze
I think this 204hp 2.5L unit would fail EU emission test, that's why they dump it and detune the 3.0L and call it 523
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JasonKuan
Well-Known Member
Re: 5-series - Is this price difference possible ?
Is crazy to buy from PML base on the OMV being so much lower vs. E-90, which translate to a superb margin for PML. I will either get from PI as the difference in price will be more than sufficient for any repair needed during the 1st 3 years, or go for another brand of similar price bracket.
To be fair to PML: With the reduction in COE quota, and to maintain the same or higher revenue vs. 2009, PML will need to generate a higher margin per car sold so that numbers will look good at the end of the fiscal year. Also PML is not feeling the pinch vs. competitors in their segment, people will still continue to buy from them unlike makes like Porsche whom had faced threats from PI.
However is always about supply and demand. 8)
TheNew7;546403 said:
Is crazy to buy from PML base on the OMV being so much lower vs. E-90, which translate to a superb margin for PML. I will either get from PI as the difference in price will be more than sufficient for any repair needed during the 1st 3 years, or go for another brand of similar price bracket.
To be fair to PML: With the reduction in COE quota, and to maintain the same or higher revenue vs. 2009, PML will need to generate a higher margin per car sold so that numbers will look good at the end of the fiscal year. Also PML is not feeling the pinch vs. competitors in their segment, people will still continue to buy from them unlike makes like Porsche whom had faced threats from PI.
However is always about supply and demand. 8)
Jason8822
Well-Known Member
Re: 5-series - Is this price difference possible ?
They know many people are going for the new 5 with less regard of unfair pricing because it just launched.
Let's wait for half a year more and see what happens, doubt they will be able to carry on with this fat margin once the rush to get this new model subsides.
JasonKuan;546485 said:
They know many people are going for the new 5 with less regard of unfair pricing because it just launched.
Let's wait for half a year more and see what happens, doubt they will be able to carry on with this fat margin once the rush to get this new model subsides.
Re: 5-series - Is this price difference possible ?
I enquired both PML and PI recently. PI claimed that their 523 spec is higher although they cannot tell me in specific. Btw, the advertised prices from PI carries certain tricks. Without loan, it comes to around slightly below 200K which is still 16K cheaper than PML. Also, i expect OMV higher. PML's
I enquired both PML and PI recently. PI claimed that their 523 spec is higher although they cannot tell me in specific. Btw, the advertised prices from PI carries certain tricks. Without loan, it comes to around slightly below 200K which is still 16K cheaper than PML. Also, i expect OMV higher. PML's
