First off,I did not buy from AD. But when i asked,the overtrade was quoted as $15k. Overtrade is the amount of money that the car dealer at PML will give you above of the agreed price.
Lets assume the dealer agrees to buy your 2nd hand car at $50k, instead of valuing your car at $50k,he will give you an "overtrade" of $15k,which would then equate to a total value of $65k for your old car which you would be passing to them.
The price which PML quoted is the price without discounts or overtrade. Depending on several other factors which include the past number of cars your family has purchased,the number of years of finance you'll be taking and the COE trend,you will be offered some discount. I can't say how much as i have not bought from PML for some time,the last one i bought was a E90 320i with SGA registration plate in 2005.
Imo, buying from PML has a tiny bit more of prestige,you get to have the fancymagazine,get invited to take part in some driving experiences across the causeway,get invited to previews and so on. To some extent,your relatives and yourself may be assured that you are buying from "the true source" but not for me. I decided that PML's workshop is just like any other workshop,they have long queues,make mistakes in diagnosis and with so many clients,they sometimes don't make me feel my car is important. Buying from PML is also more expensive because of their overheads etc.
Buying from PI is really uncertain unless the car is ready in the showroom,even then,u need to know what options they are offering cause later on,u may feel that you were short changed
I bought from a dealer who i trust due to a friends recommendation. After paying the deposit and bidding the COE i was informed of really bad news..the car "MAY" be delayed past 2018 if the car is delayed at UK. I researched online through some forums and they did mentioned that some people had their cars delayed,especially the 540. With the car delayed, it would mean that there would be a additional emissions tax,either $10k or $20k more. The PI offered me 2 choices.
1)Ride with him and he will abosrb half of the emissions tax if the car really gets handed over in Jan 2018
2)Take my COE and and get a full refund from him and go elsewhere to get a car from another PI or from AD.
For (1), i run the risk of paying the emissions tax.
For (2) i also run the risk of paying the emissions tax if i get from PI and also lose out as most PIs rebate level is 5k to 10k lower than the current COE price. Going to AD was not an option/consideration for me.
I went for (1) and will keep my fingers crossed that car will be handed over before 2018.
I purchased a BMW 540i xdrive,it cost just over 300k,5yr warranty,2 servicing free,in car camera and window tint.
Please let me know if u want me to elaborate on the options but i personally felt my spec is higher than PML which would be approx 340k after discounts and overtrade.
I would not recommend my PI as i have not completed my transaction. I went to another 2 PIs and their prices were all close. 1 year loan at 80k which is considered as a cash price. No recommendations on where to buy. I bought my wifes current E93 335i also from PI and that was 8.5yrs ago but then there were also issues but thats another story.
Only advice is indenting a car from a PI is uncertain. Be ready even if he is reliable but u get to save$$$. So if you are the kind of guy who hates hassle,suggest u go for AD. Unless the car is in the PI showroom
If u like the car and option,nego the price and the car is yours! I like to play around with options so its a little different.
and started a conversation with e90sg.
