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bglim;421876 said:Is this Group Buy still ON else i will move along. Thanks.
Hublot;421880 said:Wow think the group is getting bery bery big...
If BMW dont yield, go to Mercedes and Audi and Volvo and on .....
bglim;422437 said:sorry i am new to tis thing. What is tis $30K over-trade? Is it the loan? If i have a used car to trade in without the loan, what is the best price i can get now? Anyone can advise? Thanks
wt_know;422449 said:a. those who don't want cash back or current car loan has no outstanding can treat the $30K overtrade as $30K discount from list price, which is $170K - $30K = $140K (selling price)
b. those who want cash back and current loan has outstanding amount and don't want to fork out cash to settle existing loan, the $30K overtrade comes into play (ie: car trade in at $30K + $30K overtrade - $40K oustanding loan = $20K cash -> either channel this $$ to the new car or take cash)
if you don't take loan from PML, they will sell you the car price higher as they earn 'commission' from the loans
C3P0;422568 said:Bro, if I have $25k loan from my existing car...-
1) I can choose to pay off my existing loan using my own cash, and take the $30k discount (meaning new car costs $140k); or
-> Yes. This is the most straight forward way. Start to negotiate the price from $140K ($170K - $30K)
2) I can choose to take cash of $5k ($30k overtrade - $25k outstanding loan). New car will then cost $170k.
-> Yes. I assume this only apply if you trade in your old car to them where PML buy your car based on $30K (overtrade) + car paper value + car body - outstanding loan = balance. Then you decide to channel the balance to buy the new car or take the cash $$. New car price is $170K
overtrade is just a sale tactic.
the car list price is $170K (this has not change whether you go for option 1 or 2)
Is this correct?
wt_know;422577 said:below are the answers
EJH;422580 said:yeah, it's all financial structuring. end of the day, best to think of the price as 140k. it's even more expensive now than dec 2008...