BMW to raise price by $6000 across the board
- Thread starter black320
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Re: BMW to raise price by $6000 across the board
Housing and cars so ex now...wage index rise below 5%..hardly keeping up with inflation..dont really care bt housing...just make cars more affordable can liao...waahhahah
feels stupid to pay so high for a car when overseas they pay only a third and now with COE even higher..this is crazy man
Housing and cars so ex now...wage index rise below 5%..hardly keeping up with inflation..dont really care bt housing...just make cars more affordable can liao...waahhahah
feels stupid to pay so high for a car when overseas they pay only a third and now with COE even higher..this is crazy man
wt_know
Well-Known Member
Re: BMW to raise price by $6000 across the board
let's say car is highly affordable.
do you like to drive if the traffic is like jakarta, bangkok, beijing and shanghai ? even KL is getting very jialat already nowadays.
i'm no genius. the gov scholar is genius as they are paid million $$ salary per year.
unless they can come up with a plan (scheme and road planning) that can make car "affordable" and yet traffic is good. not to mention carpark problem too.
i agree that wage index is not keeping up though ....
... disposable income continue to shrink as commodity prices escalate rapidly
let's say car is highly affordable.
do you like to drive if the traffic is like jakarta, bangkok, beijing and shanghai ? even KL is getting very jialat already nowadays.
i'm no genius. the gov scholar is genius as they are paid million $$ salary per year.
unless they can come up with a plan (scheme and road planning) that can make car "affordable" and yet traffic is good. not to mention carpark problem too.
i agree that wage index is not keeping up though ....
... disposable income continue to shrink as commodity prices escalate rapidlyNiva;597112 said:
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pbear1973
Well-Known Member
Re: BMW to raise price by $6000 across the board
Ya.. only solution is to buy over Johor from Malaysia.. then we got more space to move.
wt_know;597113 said:let's say car is highly affordable.
do you like to drive if the traffic is like jakarta, bangkok, beijing and shanghai ? even KL is getting very jialat already nowadays.
i'm no genius. the gov scholar is genius as they are paid million $$ salary per year.
unless they can come up with a plan (scheme and road planning) that can make car "affordable" and yet traffic is good. not to mention carpark problem too.
i agree that wage index is not keeping up though ....
Ya.. only solution is to buy over Johor from Malaysia.. then we got more space to move.
Re: BMW to raise price by $6000 across the board
Yr right I have to agree...i guess where im coming from is purely from a car enthused pt of view..no doubt the govt has to juggle with this aspect especially if they want to grow the population further =(
tts why if we have a world class, clean, fast and efficient public transport, it does help to alleviate some pressures on the road congestion
Yr right I have to agree...i guess where im coming from is purely from a car enthused pt of view..no doubt the govt has to juggle with this aspect especially if they want to grow the population further =(
tts why if we have a world class, clean, fast and efficient public transport, it does help to alleviate some pressures on the road congestion
JasonKuan
Well-Known Member
Re: BMW to raise price by $6000 across the board
PML will not increase their pricing for the F10 even with yesterday COE increase if you book any cars from them by this coming Saturday. Earliest delievery will be in March 2011 for the F10, therefore if COE goes above $100k said March 2011, I will still be able to enjoy the current price, is it a good buy then?
PML will not increase their pricing for the F10 even with yesterday COE increase if you book any cars from them by this coming Saturday. Earliest delievery will be in March 2011 for the F10, therefore if COE goes above $100k said March 2011, I will still be able to enjoy the current price, is it a good buy then?
Re: BMW to raise price by $6000 across the board
What is the price they quote now?
Given last month price at 210 K , OMV 40 K. They should have a good buffer of estimate 115 K to pay with (Car Price 95K). At COE 65K, they still make 50K . At COE 100 K, they are still positive at 15K
Given margins for business at 15 to 20% , 15 K still reasonable profit for them. But if they decided to maintain margin of 30 K . COE at 100K means future car price at estimated 225 K.
Reasonable if you have a used car to trade in as used car price MAY increase with higher COE
JasonKuan;597134 said:
What is the price they quote now?
Given last month price at 210 K , OMV 40 K. They should have a good buffer of estimate 115 K to pay with (Car Price 95K). At COE 65K, they still make 50K . At COE 100 K, they are still positive at 15K
Given margins for business at 15 to 20% , 15 K still reasonable profit for them. But if they decided to maintain margin of 30 K . COE at 100K means future car price at estimated 225 K.
Reasonable if you have a used car to trade in as used car price MAY increase with higher COE
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Solidgold
Well-Known Member
Re: BMW to raise price by $6000 across the board
At the way things are going now..the biggest suckers are the consumers.
First, it is the ADS who go out and bid the COE price. Totally control by them so they know how much buffer to set aside. So what ever you get today...all buffer liao.
2nd, buying new cars today with current COE prices at 60+k will mean your car is more expensive then say someone else who bought it 6-8 months ago when COE is at 20+K range. Try selling your ride 2 yrs down the road and compete with the guys who got their COE at 20+K. You know where you will stand. I will go buy a 2yr-old car with 40k discount anytime even though it may me 6-8months older by then.
Wait, aren't we aware that by 2012 we will have a much bigger increase in COE quota? Will that drive COE price down? If COE goes down by then, will that impact the new car prices then.? And if that's the case, will it be possible to see new car prices drop way below cars bought in 2010? So what's the impact to your 2-yr old ride by then if you intend to sell?
History will repeat itself for sure. BMW 320 going at 120k will happen again. 5-series going at 140+K will happen again.
The biggest downside now is that the OMV at only 80% rebate rather than 120% will mean that you have no potential to scrap early and export. Also the ADS have dropped their OMV so low that it is no longer an option to export...unlike in the past. Those borrowing heavily will soon find out that they will have to fork out $$ to sell. The balloon loan scheme...made famous by you-know-who..will be back to haunt us once again.
But again..after all said and done...buying yr ride is an affair of the heart. Sometimes you jump into it knowing jolly well that you will fall and land hard anyway..rt?
At the way things are going now..the biggest suckers are the consumers.
First, it is the ADS who go out and bid the COE price. Totally control by them so they know how much buffer to set aside. So what ever you get today...all buffer liao.
2nd, buying new cars today with current COE prices at 60+k will mean your car is more expensive then say someone else who bought it 6-8 months ago when COE is at 20+K range. Try selling your ride 2 yrs down the road and compete with the guys who got their COE at 20+K. You know where you will stand. I will go buy a 2yr-old car with 40k discount anytime even though it may me 6-8months older by then.
Wait, aren't we aware that by 2012 we will have a much bigger increase in COE quota? Will that drive COE price down? If COE goes down by then, will that impact the new car prices then.? And if that's the case, will it be possible to see new car prices drop way below cars bought in 2010? So what's the impact to your 2-yr old ride by then if you intend to sell?
History will repeat itself for sure. BMW 320 going at 120k will happen again. 5-series going at 140+K will happen again.
The biggest downside now is that the OMV at only 80% rebate rather than 120% will mean that you have no potential to scrap early and export. Also the ADS have dropped their OMV so low that it is no longer an option to export...unlike in the past. Those borrowing heavily will soon find out that they will have to fork out $$ to sell. The balloon loan scheme...made famous by you-know-who..will be back to haunt us once again.
But again..after all said and done...buying yr ride is an affair of the heart. Sometimes you jump into it knowing jolly well that you will fall and land hard anyway..rt?
Ultimatedriver
Well-Known Member
Re: BMW to raise price by $6000 across the board
Lim Wee Kiak, MP thru facebook
"How can COE prices be lowered without increasing the COE numbers and vehicular congestion on our roads?" " Maybe we should only allow individual to bid for their COE and pay the actual amount they bid."
Fellas, any furthter suggestions?.
Lim Wee Kiak, MP thru facebook
"How can COE prices be lowered without increasing the COE numbers and vehicular congestion on our roads?" " Maybe we should only allow individual to bid for their COE and pay the actual amount they bid."
Fellas, any furthter suggestions?.
Re: BMW to raise price by $6000 across the board
Singaporeans are forgetful. Its only a matter of time of getting used to it. We complain awhile, then forget and start buying again.
GST is like that. Property is like that. COE also like that.
Ultimatedriver;597299 said:
Singaporeans are forgetful. Its only a matter of time of getting used to it. We complain awhile, then forget and start buying again.
GST is like that. Property is like that. COE also like that.
Re: BMW to raise price by $6000 across the board
how abt we just stop buying new cars in 2011...-) easy for as I have alr got mine but I believe those who are looking to buy may just postpone their decisions due to the much hyped soaring COE prices lately...car sales to be affected for sure...if I am looking out, I wud not want to be caught out by this...100k? oh please...if it reaches this price...economy stagnates liao..lets put things into perspective here..those calling for coes 100k are prob car dealers, wanting to sell this story from this angle...so tt ppl will rush to buy...
how abt we just stop buying new cars in 2011...-) easy for as I have alr got mine but I believe those who are looking to buy may just postpone their decisions due to the much hyped soaring COE prices lately...car sales to be affected for sure...if I am looking out, I wud not want to be caught out by this...100k? oh please...if it reaches this price...economy stagnates liao..lets put things into perspective here..those calling for coes 100k are prob car dealers, wanting to sell this story from this angle...so tt ppl will rush to buy...
Ultimatedriver
Well-Known Member
Re: BMW to raise price by $6000 across the board
three months ago, went shopping knowing that COE was going up. we can do little except to manage it financially.
three months ago, went shopping knowing that COE was going up. we can do little except to manage it financially.
kik24
Well-Known Member
Re: BMW to raise price by $6000 across the board
Less cars on the road is always a good thing. But it does help socially, i have always been against the 100% loan factor. It gives false notions to those who buy on impulse. A friend who repos cars told me that the past 4 yrs have been the best of his 20 yr career. We already have cheap insurance and reasonable gas prices as compared to most global cities. At least the plus point here is we will not have the problems London, NY, LA and Tokyo have.
Less cars on the road is always a good thing. But it does help socially, i have always been against the 100% loan factor. It gives false notions to those who buy on impulse. A friend who repos cars told me that the past 4 yrs have been the best of his 20 yr career. We already have cheap insurance and reasonable gas prices as compared to most global cities. At least the plus point here is we will not have the problems London, NY, LA and Tokyo have.
ktnpl
Well-Known Member
Re: BMW to raise price by $6000 across the board
It is indeed very strange that the 1st home which is a necessity and a generally appreciating asset requires a downpayment yet cars can get away with 100% loan. Logically, the loan quantum for cars should be lower than housing or even better still, ban all loans for cars. This will have an immediately and positive impact. It will not only be financially sound for individuals, it will do a lot of social good for the country.
It is indeed very strange that the 1st home which is a necessity and a generally appreciating asset requires a downpayment yet cars can get away with 100% loan. Logically, the loan quantum for cars should be lower than housing or even better still, ban all loans for cars. This will have an immediately and positive impact. It will not only be financially sound for individuals, it will do a lot of social good for the country.
leebmer
Well-Known Member
Re: BMW to raise price by $6000 across the board
in the case of property, the downpayment appears as a prudent way to ensure that the buyer can 'afford' to buy/ support that property...
at the end of the day, dowpayment, max loan size and tenor will help to produce the planned outcome...e.g. increase ownership, cool down the market, etc...and CTE all-day jam (planned / unplanned?)...
both car and property are heavily influenced by downpayment, max loan size and tenor...in the case of cars, i reckon only the less expensive car can get 100% loan...since the 'goal' was to increase car ownership over past few years when we see low COE price...purchasing a car with 0% downpayment (i.e. 100% loan) is almost like waving a deal-maker magic wand (sry, just watch harry potter) ...as planned, the car population was successfully groomed to current size of nearly a million (yes, we are getting there...a feat for a tiny dot)...on the flip side, the max loan size for high end car is 70%...is this due to risk management? what about the earlier case? who is riskier of the two group of loan takers?...until now, i am still not sure except that i know the road are so so congested...ktnpl;597389 said:
in the case of property, the downpayment appears as a prudent way to ensure that the buyer can 'afford' to buy/ support that property...
at the end of the day, dowpayment, max loan size and tenor will help to produce the planned outcome...e.g. increase ownership, cool down the market, etc...and CTE all-day jam (planned / unplanned?)...
