What is overtrade really?

[FASTCARS]

Re: What is overtrade really?

Hi, I am think of getting a 320i could you share what sort of overtrade or discount generally will be given.

 

[nighthawkcity]

Re: What is overtrade really?

Hi, I am think of getting a 320i could you share what sort of overtrade or discount generally will be given.

new model, low overtrade..
PML wanna suck first blood..

 

[wt_know]

Re: What is overtrade really?

yup ... first batch buyer chop robert syndrome ...
willing buyer willing seller ... no complaint
i think smelly smelly still got $5k overtrade ba ... just for you to feel shiok

new model, low overtrade..
PML wanna suck first blood..

 

[FASTCARS]

Re: What is overtrade really?

Anyone know when the cocky syndrome will be gone so typically 6mth after car launch? That is SE again face the real world - buyer market.

yup ... first batch buyer chop robert syndrome ...
willing buyer willing seller ... no complaint
i think smelly smelly still got $5k overtrade ba ... just for you to feel shiok

 

[snowmanyee]

Re: What is overtrade really?

To make it simple, overtrade is the amount they add on to the trade in price for your existing car. Main objective is to allow buyer to buy a car without having to take out cash. Like what some bros said, this amount is already being factored in the cost price. If lets say you have no outstanding loan, you can either use it to offset your cost price (like discount) or you can take the cash (just like borrowing money from bank for 1.88%pa).

I always go for max loan and if can take money, i will take. This is because car loan offers the lowest interest rate at less than 2%. I will then use the cash to invest. Returns can be much higher. Even if you dislike risk, take the cash to invest in bonds which can give you a stable returns of 3-5%, which is still higher than the 2%. So theoretically, the lesser money you loan, the more money you get to lose.

 

[nighthawkcity]

Re: What is overtrade really?

yup ... first batch buyer chop robert syndrome ...
willing buyer willing seller ... no complaint
i think smelly smelly still got $5k overtrade ba ... just for you to feel shiok

offered me $2k!! push abit maybe go to $5k ba..
and this was back in June..

 

[nighthawkcity]

Re: What is overtrade really?

Anyone know when the cocky syndrome will be gone so typically 6mth after car launch? That is SE again face the real world - buyer market.

if sales is good.. probably all the way to near facelift period when they wanna clear stocks.. :whipper:

 

[wt_know]

Re: What is overtrade really?

max loan and take money promo got penalty when sell car right
unless drive for 10 years?

To make it simple, overtrade is the amount they add on to the trade in price for your existing car. Main objective is to allow buyer to buy a car without having to take out cash. Like what some bros said, this amount is already being factored in the cost price. If lets say you have no outstanding loan, you can either use it to offset your cost price (like discount) or you can take the cash (just like borrowing money from bank for 1.88%pa).

I always go for max loan and if can take money, i will take. This is because car loan offers the lowest interest rate at less than 2%. I will then use the cash to invest. Returns can be much higher. Even if you dislike risk, take the cash to invest in bonds which can give you a stable returns of 3-5%, which is still higher than the 2%. So theoretically, the lesser money you loan, the more money you get to lose.

 

[snowmanyee]

Re: What is overtrade really?

max loan and take money promo got penalty when sell car right
unless drive for 10 years?

Positive, but it still work out to be around 3-4% depending on how long you drive your car. Use the rule72 formula.still profit...

 

[detach8]

Re: What is overtrade really?

To make it simple, overtrade is the amount they add on to the trade in price for your existing car. Main objective is to allow buyer to buy a car without having to take out cash. Like what some bros said, this amount is already being factored in the cost price. If lets say you have no outstanding loan, you can either use it to offset your cost price (like discount) or you can take the cash (just like borrowing money from bank for 1.88%pa).

I always go for max loan and if can take money, i will take. This is because car loan offers the lowest interest rate at less than 2%. I will then use the cash to invest. Returns can be much higher. Even if you dislike risk, take the cash to invest in bonds which can give you a stable returns of 3-5%, which is still higher than the 2%. So theoretically, the lesser money you loan, the more money you get to lose.

It's not less than 2%.. the EIR i think is 3-4%

 

[nighthawkcity]

Re: What is overtrade really?

It's not less than 2%.. the EIR i think is 3-4%

abt 4%..
still outperformable.. but depends on risk appetite..

 

[ginmin]

Re: What is overtrade really?

max loan and take money promo got penalty when sell car right
unless drive for 10 years?

Not really depends on loan specs n terms. My pml loan allow for exclusion from rule 78 n hence no rebate penalty if redeem after 2 yrs.

 

[snowmanyee]

Re: What is overtrade really?

abt 4%..
still outperformable.. but depends on risk appetite..

Positive. Returns still better even for safe investment. ;-)

Not really depends on loan specs n terms. My pml loan allow for exclusion from rule 78 n hence no rebate penalty if redeem after 2 yrs.

yes. I was told that too.

I did that for my previous two cars... take the cash in hand for investment and reap profits much much more yhan the 2% pa car loan interest and its definitely a viable option for me. Another benefit is i have cash in hand in case of emergency use and interest of 2% pa is much lower than the 16-24% pa bank loan rates.... just my humble opinion.

 

[lim_ck]

Re: What is overtrade really?

Not really depends on loan specs n terms. My pml loan allow for exclusion from rule 78 n hence no rebate penalty if redeem after 2 yrs.

the loan for my e90 from PML in early 2010 states that there is 20% penalty on interest for early redemption. guess things have changed now since car prices are so high.