World Car of the Year Deals

[gadgets]

bros here, drop by PML and this is the deal ongoing: 320i at $126,000 after $3800 rebate thingy (which came about bec not taking 90% loan over 10 yrs; i.e. $998 gimmick as advertised).

Plus working on $80,000 loan, cash rebate = $4200 and car price = $121,800. Good deal?

What goodies did u get when u bought?

comments and lobangs are welcomed...many tks

 

[piggyboyz]

Re: World Car of the Year Deals

I think the deal is that the selling price is not neg at $129,800

U need to take a 90% loan for 10 years (compulsary also)

the installment work out will be $1314 per month and BMW will top up $316 per month for the first year. This will make the effective selling price of the car at $126,000

Hence ur installment for the first 12 months will be $998 and $1314 from 13th months onward.

On top of this, the usual rebate of either 5.25% of principal amount or 10%OMV and 10%COE still applies.

And this is applicable to car registered in the month of June only

 

[rodders]

Re: World Car of the Year Deals

Don't think anybody in their right mind would wanna take that kind of loan.

 

[davidtch]

Re: World Car of the Year Deals

Hey guys, i m a 'newbie' here. This is deal might b quite worthwhile. Look out for the fineprint on early redemption and do ur calculation.
:juggle:

 

[fooman700]

Re: World Car of the Year Deals

hmm, what is the current interest rates? What about any deals with the 323i? Anyone? Thanks.

 

[meganbel]

Re: World Car of the Year Deals

Don't think anybody in their right mind would wanna take that kind of loan.

Besides the obvious reason of high loan, in what other ways is this loan disadvantaged?

 

[ferd]

Re: World Car of the Year Deals

i think the interest rate current stands at 4% ? ouch....

 

[gadgets]

Re: World Car of the Year Deals

hi guys, typo error in my first post, net of rebates car is $121,800. so how bros, sounds like good deal?

anyone could enlighten goodies bargained for? tks

piggyboyz, i have confirmed that the $3800 rebate can be had w/o taking 90% and 10yr loan...i'm avoiding high loan at all costs too...but yes, u r right to say that deal only valid for jun registration.

ferd, int rate is at 3.25% 7

 

[fooman700]

Re: World Car of the Year Deals

4%?!:yikess: i think others are doing srd 3.5%? very ouch! maybe tomorrow find out from the horse's mouth. Anyway all these loan thingy is gimmicks laden, in the end the interest paid will wipe off what we get back in cash rebates, sigh.....

 

[fooman700]

Re: World Car of the Year Deals

decisions, decisions...

 

[Puny]

Re: World Car of the Year Deals

I was updated today.

Bank have released new plans (effective today):

1) One of the banks (I think it's Hong Leong) offers the usual rebate, but no full-term tie-in period.
Instead, it's 3 year tie-in, but after 3 years, no penalty on cash rebate.
(Other banks, first 2 years settlement = full rebate penalty, subsequent years = pro-rated panelty.)

2) If you don't want to opt for any form of cash rebate, there's a 3.08% offered by one of the banks also.

 

[gadgets]

Re: World Car of the Year Deals

i did some sums and it turn out that between 3.08% and 3.5%, difference in total interest is $2300 but rebate is worth about $4200. so gain is still better taking up higher int rate by close to twice...am i correct?

 

[fooman700]

Re: World Car of the Year Deals

FYI, OMV is ard 38-40k

 

[gadgets]

Re: World Car of the Year Deals

hi fooman700, sorry but i dont get ur drift...yes OMV is around $40k but the rebate is based on a % of loan taken...

 

[fooman700]

Re: World Car of the Year Deals

Hi Bro Gadget,

I mean the OMV has dropped, hence selling price should drop too, right?. Like you I am also considering..... I personally don't like too high a loan if possible. So if the cash rebate is more than what you would have paid in interest than I would say yes, good deal. Yet to sit down seriously with my SE so I don't know how it will eventually works out. I hope not confusing you, butterflies in my stomach hee hee

Cheers,

 

[gadgets]

Re: World Car of the Year Deals

asked the SE, OMV is still at 40k/ 41k...the only time it went down to 38k was AA promo cars, which have less features

 

[Henry1515]

Re: World Car of the Year Deals

Besides, looking at all these loans and OMV, what can we get from them in order to consider a good deal. Look bro sometime do not calculate too much, who will know what will happen tomorrow or three years later. Better enjoy every minute of your life now. :nehnehhh:

 

[martmode8850]

Re: World Car of the Year Deals

Don't think anybody in their right mind would wanna take that kind of loan.

depends bro...

1. cant afford to pay more deposit
2. either take the 30% downpayment at purchase or sale of the car

for 2. you have to make more than 6% returns on the outlay. then it is worth it. also have to have an income to support the high loan.

btw, the 323i is S$148k for those who want to know...

 

[hetraa]

Re: World Car of the Year Deals

wait for 3ser coupe to come out late this yr, then the sedan price will drop...
but prob also drop till 118-120k tops...

gees, the int rate now so high...still remember the refinance for 1.8% days..

 

[daveths]

Re: World Car of the Year Deals

So how much take home salary would be comfortable enough in owning the E90 320?