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New 520LCi
- Thread starter JDA6649
- Start date
715
Well-Known Member
See: http://www.onemotoring.com.sg/publi...ost.MainPar.0047.File.tmp/Car_Cost_Update.pdf
car cost is approx 105k excl coe. Maybe add 10-15k for profit should be right I think, given current market condition.
A friend from another competitor told me "it not about how much the car is worth. It's about what the market can absorb."
So, I was thinking... based on the E200 (1.8 though) pricing of $143k, a 520 is typically 20k less than a Merc. Considering that the marketing is still on a downward trend, say drop by another 10k. I would offer them only $110.
I also asked for thermal film (they use Cool n Lite) and upgrade rim to 17 inch (stock 16 inch). They don't have a bracket for the Garmin GPS though.
Group buy, anybody?
lordfire;412728 said:
Thanks. This is good info. My stand is still $110. (or $120K for 525)
1. Financial advisers always tell us to "Buy Low".
2. Goh Chok Tong asked us to "buy buy buy"
3. And probably no other time in my life can we ever hope of a 520 at $110-$120K.
Can we find, say, five buyers? S110K for 520 or $120K for 525
BMWSILVER;412721 said:I used the following formula.
OMV x 2.29 + Road Tax + COE = Base Car Price
PML Selling Price - Base Car Price = PML Profit
Correct me if I am wrong
This forumla dun look right.
My E46 2004 OMV is $46K.
x 2.29 + Road tax + COE ($28K) = $134K.
I only paid $134K for the car. PML makes zero profit?
is it??? i just called up PNL, i looking for 325 cabrio.........they still quoted 215800 .....no drop in price infact it went up 800.......i postponed my car buy since december after i sold of my car for a good price in anticipation for the drop in new car price.....unfortunately PML is the only agent that is still very "proud" i guess the recession haven hit them real hard them, even mercedes is open to negotiation. Why dont you try the resale market ? The resale market is seeing a more drastic dip in price....
the best thing i went to PPSL to see the used car division, they advertise 175k for the car , i offered 167k, the sales girl said the last offer was 174k and even so they refused to sell. i just walked off laughing to myself. that was in november.....now the same car is still there asking 169k..........HAHAHAHAHAH , i guess they should have taken the bogus 174k offer
JDA6649;412709 said:
BMWSILVER
Well-Known Member
JDA6649;412829 said:
Let me guess, your car is the E46 318i Sport Edition (Oct 04 to Dec 04 car).
PML was clearing the stock for the last batch of E46 and they did not make much profit for these E46 due to high OMV and COE.
I remember some bought as low as S$125K with limited colour to choose from.
New E90 launched in 2005 cost ~S$150K and they do have huge profit for these car.
Correct me if I am wrong
.
to be honest, most car distrivutors do not make that much from selling new cars... most of the profit goes into rebates (commissions et al) the net profits from new cars are very very little.
However, if you look at the amount of money they make from servicing, your eye ball will drop out. That is why they liek to offer long period of warranty, so that you will be stuck with them.
That is also why there is always a dilemma wrt servicing of PI cars.... they rake in good money.. but new car buyers will complain if they have to wait too long for servicing....
this is not an easy line to be in....
wt_know
Well-Known Member
COE is only $689 !!!
assuming OMV = $45,000
custom duty = 20% x $45,000 = $9,000
ARF = 100% x $45,000 = $45,000
COE = $689
Reg = $140
GST = 7% x $45,000 = $3,150
Basic car cost = $102,979
Profit = $10,000
Offer = $112,979
Is it cheapskate to offer < $115 ?
As another bro said, $110 is the best
nonsense.....per BMW 5 series they make at least 30-50k depending on the model. i have friends in the car trade so i know their profit margins. They take in cars at scrape value and sell them at sky rocket prices. At their haydays they make even more than professionals.Of course now the car market is bad due to the economy. If the line is so bad , AML why are there still so many dealerships?? reason is all they need to sell per month is 3-4cars and they are able to survive because the profit margin is so great . Of course in this economy the margin is squeezed. Who isnt? Now is time to actually squeeze more from the once proud dealers. I dont understand why as a consumer i need to suck up to the car salesman for freebies. I pay money to get treated badly. Now i guess the tide is changed. anyway it has never been a better time to shop for a car.
anyone looking for a 325 cabrio??? bulk purchase?
henry2703;412892 said:
BMWSILVER
Well-Known Member
assuming OMV = $45,000
custom duty = 20% x $45,000 = $9,000
ARF = 100% x $45,000 = $45,000
COE = $689
Reg = $140
GST = 7% x $45,000 = $3,150
Basic car cost = $102,979
For fast calculation just used OMV x 2.29.
$45,000 x 2.29 = $103,050 + COE Price and 1 Year Road Tax = Basic car cost.
Bear in mind that all new car sold by PML inclusive of 1 Year Road Tax unlike Japanese car 6 months only.
Good luck
