Munich OMV...

[wt_know]

Re: Munich OMV...

at least there is a "fact" how much the car worth ma
no one is insane enough to low ball below rebate value and say ehh your car is old model leh ... new model out liao ... no matter how the low baller perceived the car value
it's also the based rule for "depreciation" for the next buyer ma ... ie: $80K OMV and $100K OMV with same YOM (perhaps different month) ... stock vs stock
now coe all time high. if coe return to $50k+- for 2L car ... the only perceived value stand is OMV >>> having said that if coe shoot to $100K ... i suck thumb take MRT liao

Why use 75%? I thought resale value is a function of market demand and supply and how COE is perceived to be restricted?

 

[clar]

Re: Munich OMV...

I know of at least one official stealership here with ultra low OMVs, but somehow pay their principal a "franchise fee" every year. There is also the "warranty fee," which is not subject to duties. I know Customs has serious issue with this practice and will nail their balls to the wall one day.

 

[Oilman]

Re: Munich OMV...

resale not exceeding 5 years (i have not seen anyone who drive the same new car for 10 years)

75% x $100K OMV/ARF = $75K PARF rebate
75% x $80K OMV/ARF = $60K PARF rebate

it's a "fact" that the rebate is different by $15K
i know, one who buy car with $100K OMV not going to die by $15K difference but just my personal view

Hmm not sure what you're on about. What I meant (in response to sszone's question) was simply: OMV gives us a starting point, a guide, to determine our bid/offer for a car of any age up to 10 years. Without knowing what a car's OMV is... and COE too, for that matter... our price ideas will tend to be rather random, or be swayed by prevailing sentiment. That is all.

I was not trying to challenge "facts" about price differences and definitely not talking about affordability.

 

[kenntona]

Re: Munich OMV...

at least there is a "fact" how much the car worth ma
no one is insane enough to low ball below rebate value and say ehh your car is old model leh ... new model out liao ... no matter how the low baller perceived the car value
it's also the based rule for "depreciation" for the next buyer ma ... ie: $80K OMV and $100K OMV with same YOM (perhaps different month) ... stock vs stock
now coe all time high. if coe return to $50k+- for 2L car ... the only perceived value stand is OMV >>> having said that if coe shoot to $100K ... i suck thumb take MRT liao

Assuming both cars are from AD, same model same age, one with OMV $80K selling at $240K used, and the other with OMV $100K asking $280K used.

Which is "cheaper?"

 

[lucas111]

Re: Munich OMV...

I am just wondering hor.

F10 M5

MA OMV 100k sell 470k
PI OMV 115k sell 420k

Both identical options

Does OMV matter here?

 

[jasonmaxima]

Re: Munich OMV...

I am just wondering hor.

F10 M5

MA OMV 100k sell 470k
PI OMV 115k sell 420k

Both identical options

Does OMV matter here?

the aftersales warranty might be a determinant factor....

 

[kenntona]

Re: Munich OMV...

I am just wondering hor.

F10 M5

MA OMV 100k sell 470k
PI OMV 115k sell 420k

Both identical options

Does OMV matter here?

the aftersales warranty might be a determinant factor....

Yes, I think it does matter - the PI's asking prices AFTER 5 years will be similar or higher than MA's.

Unless the buyer still believe that

(1) AD car w/o warranty is still preferred to PI car w/o warranty
(2) the M cars is so fragile and unreliable that the AD car status is important IF SOMETHING GOES WRONG.

 

[wt_know]

Re: Munich OMV...

sorry ... i did not think of this. my assumption is based on both cars are selling at $280K used

assuming the owner/dealer for OMV $80K has an opinion of "market perceived value" since both car are SAME and OMV did not matter which contrast my view of OMV did matter.

Assuming both cars are from AD, same model same age, one with OMV $80K selling at $240K used, and the other with OMV $100K asking $280K used.

Which is "cheaper?"

 

[jaskin]

Re: Munich OMV...

I know of at least one official stealership here with ultra low OMVs, but somehow pay their principal a "franchise fee" every year. There is also the "warranty fee," which is not subject to duties. I know Customs has serious issue with this practice and will nail their balls to the wall one day.

Clar u mean dealership? If you have direct access to the Factory... surely some agreements can be made.

 

[jaskin]

Re: Munich OMV...

I am just wondering hor.

F10 M5

MA OMV 100k sell 470k
PI OMV 115k sell 420k

Both identical options

Does OMV matter here?

Sure it does. If you don't care about warranty I'd save the 50K. But keep in mind... if there's any important TSBs you might have to fork it out from your own pocket. But also, I think with the incoming lemon law its actually easier to chase the PI for this kind of issues.

 

[BT26]

Re: Munich OMV...

assuming if both cars same model same year, price 200k, OMV for a.=80k, OMV for b=55k.
which one?

so if OMV low u have a niggling point that dealers or buyers can pick on to get a discount.
whereas if your OMV is high relative to peer cars available in the market, would be easier to attract a seller.

demand and supply la, if all m3s in mkt has similar OMV nobody will care. but if suddenly there's one 100k OMV M3 people will prefer to buy that first or discount the others.

 

[kenntona]

Re: Munich OMV...

demand and supply la, if all m3s in mkt has similar OMV nobody will care. but if suddenly there's one 100k OMV M3 people will prefer to buy that first or discount the others.

Tio !!!

assuming if both cars same model same year, price 200k, OMV for a.=80k, OMV for b=55k. which one? .

So assuming both are available in the market now. which one would you pick?

 

[clar]

Re: Munich OMV...

Clar u mean dealership? If you have direct access to the Factory... surely some agreements can be made.

I generally look upon them all as "stealership."

 

[jasonmaxima]

Re: Munich OMV...

different views for different folks.

people buy AD cars for peace of mind...yes, not all AD are performing to expectations on the aftersales part... that is another argument / debate in itself.

post warranty period... perhaps the playing field (ie selling price vs omv vs coe) would be leveled... but I think perceptions would still persist.

There are many ways to attaining that dream car / sports car of ours... PI route offers a cheaper entry price to it. However, I have seen owners buying PI cars and then asking AD to adopt their respective marque cars. why? perhaps someone can answer this....

the recent court case about the car owner suing the PI for his aircon going kaput after a few months of ownership....anyone care to hazard a guess if the PI were to shut the company down and open a new one same location, with same management with different company names? would existing owners of cars bought from that PI company be left high and dry?

I am also upset that ADs are stealerships with regards to their margins made per car....

oh well, guess got to put head to the grindstone and work harder....

 

[Oilman]

Re: Munich OMV...

Sure it does. If you don't care about warranty I'd save the 50K. But keep in mind... if there's any important TSBs you might have to fork it out from your own pocket. But also, I think with the incoming lemon law its actually easier to chase the PI for this kind of issues.

You may save 50k off sticker buying new but will you have to give most of it back when it's time to sell? :nehnehhh:

In the above example, I think neither the PI's price nor MA's OMV is low enough to make PI the more appealing option.

 

[toiletsiao]

Re: Munich OMV...

I am curious why dealers now like to say "High COE! good buy"

Since when did COE become a selling point??

i think they meant "good bye"

good bye and good bye sounds the same..

 

[wobbles]

Re: Munich OMV...

IMHO, cars in Singapore are a luxury, almost an extravagance. We're such a small nation with such a world class transport system, we can really get from point A to point B just using the public-funded, privately-owned transport companies' trains, buses or taxis. So, all this talk about OMV, COE, PARF etc is meaningless.

Just as "Ai mod, mai scared; ai scared, mai mod", I say "Ai buy, mai count. Ai count, mai buy".

Steady boh?

By the way, got any good discount lobangs for F30 or not ah?

 

[jaskin]

Re: Munich OMV...

I generally look upon them all as "stealership."

LOL! and you bought your M5 from a dealership.

 

[clar]

Re: Munich OMV...

LOL! and you bought your M5 from a dealership.

Yeah and the main reason is becos the F10 M5 is too new to risk going the PI route. For me to go PI is definitely a more viable option due to my brother being in the business. I remember going onto the BMW UK site to custom order my wife's previous 130i and have him PI into SG for me. Every aspect was accountable and not left to chance. Of course, it's considerably more risky for many other bros who buy from PI that could shut its doors overnight.

Buying from AD also has its perks like driving right up their ass should something fail on u. They might not be able to fix it for u in some cases, but they certainly have to try hard to solve it if it's a legitimate issue. However, more and more workshops are getting better at servicing these cars. It won't be long before they can pretty much match AD in terms of technical support. When that time comes, they will be forced to lower the premium they make from their cars.

 

[golfgti]

Re: Munich OMV...

this woman drove her car for half million miles!... what omv?

Florida Woman, 93, Reaches End Of The Road After 576,000 Miles In Her 1964 Mercury | Fox News