Buyers of cars when COE result was 12k - dealer bid v low
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Hello everyone
I book a Sunny when COE was 12k. For the last 2 bids, the stupid dealer bid so low for me (10.5k) and of course, I did not get my COE. Then, the dealer called me up to top-up and that really pissed me off
Any buyers (Sunny and non-Sunny) out there having this problem with car dealers bidding very low intentionally ? Any advices ?
Thanks. -
did you give him a recommendation of the amount you will to come up with?
like 10k to 12k? or 10k to 14k?
if not, think he cannot be blamed, except for his lack of foresight.
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i asked the sales why they bid so low for me (before COE bidding closed) , she said Tan Chong bids , not them, so they have no say on the amt to bid. Like that, I recommend 14K , also no use, they just do not give a damn.Originally posted by nightzip:did you give him a recommendation of the amount you will to come up with?
like 10k to 12k? or 10k to 14k?
if not, think he cannot be blamed, except for his lack of foresight.
about the lack of foresight: if the dealer has the intention to give you the COE, he can revise it upwards what
only $2 per revision and what is $2 to them ? -
Hmm.... I bought my Jazz when the COE was ard 12K... non-gurantee, 4 bids.
Only managed to get the last round (2nd bid).
First round they bidded for me at 13.1K, second bidding was 14.8K which they subsequently increase to $15.3K to ensure i got the COE...
I guess its a matter of whether they want to release the car to you. Mine is already in which i think that was the reason why they went all out to secure the COE for me...
There are other Jazz buyers who bought the same time as me but did not get as the colour they choose is ony coming in Jan, so did not get the COE this time round like me. -
Hi HarrowOriginally posted by harrow:Only managed to get the last round (2nd bid)
i guess they give it to those which allow them to profit more. eg. longer loan (10 yrs) -> dealer can make more profit -> therefore bid higher and release car to buyers with longer loan.
my loan is 1 year, how about yours ? -
dunno, mine was 3 yrs... but i made alot of noise that i need the car asap... LOL
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In a way they are forcing u into a corner so that you will get desperate and end up topping unecessary $ just to their predicament and joy. Do you really fancy the fuel-gulping Sunny so much? Else, I think it's a blessing you didn't get the COE. My advise is that you should not compromise your ground. Standfast and go through the 6 biddings. If they are sincere to sell, they WILL get you a COE. If this is the attitude they show while trying to sell you something, imagine their after-sales attitude when they do sold you something... All things said, go get the deposit back from TC after the 6th unsuccessful bid and walked into a Honda/Mitsubishi or Toyota showroom. The 3 brands are listed companies (Mit by C&C, Toyota by Borneo Motors under Inchcape and Nissan by Tan Chong). They are volume-driven; not profit driven. They are fighting amongst themselves for the top spot in the car sales chart. Even while Honda is notorious for being profit driven, they do have credible track records that they do eventually get you a COE at the end of the day. If TC don't mind losing a potential cust, I'm sure C+CKM or BM would be very glad to gain one. Simple Mathematics of balance; One man's lost is another man's gain.Originally posted by PaulQ:Hello everyone
I book a Sunny when COE was 12k. For the last 2 bids, the stupid dealer bid so low for me (10.5k) and of course, I did not get my COE. Then, the dealer called me up to top-up and that really pissed me off Any buyers (Sunny and non-Sunny) out there having this problem with car dealers bidding very low intentionally ? Any advices ?
Thanks. -
Recently purchased an accord from km when the coe was at the all time low of 11k+.
First round was bad and the bid was not successful due to the huge jump from 11k+ to 14k+.
However, second bid was successful to my surprise. Secured at $14751 and was really very happy with km for securing the coe so quickly although it was non guaranteed.
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Not surprise. This is part of the COE stock market.
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Got question here.
IF dealer bids for you at $10,000. But COE that month ends up to be $12000.
And if I got it, who pays the difference?
Or the COE price will be based on the lowest bid made for that exercise?
So the prices that i keep seeing on the news, its based on the highest bid made or lowest bid made. -
There's no way you can get the COE if you bid $10,000 and the final COE is $12,000Originally posted by Ponders:Got question here.
IF dealer bids for you at $10,000. But COE that month ends up to be $12000.
And if I got it, who pays the difference?
Or the COE price will be based on the lowest bid made for that exercise?
So the prices that i keep seeing on the news, its based on the highest bid made or lowest bid made.
The COE price is based on the lowest bidder -
now it makes sense. haha
bloody hell.. my salesman smoked me then... haha
he said his dealership will pay the difference if COE is higher than bid price.
then i was thinking, how come they doing charity work. haha. -
perhaps the salesman meant if the actual COE is lower than the bid price they quote u during sales, n they got the bid, they will refund u the excess... otherwise know as COE rebate ?Originally posted by Ponders:now it makes sense. haha
bloody hell.. my salesman smoked me then... haha
he said his dealership will pay the difference if COE is higher than bid price.
then i was thinking, how come they doing charity work. haha. -
ermm i must be one of them too.. but i bought a March. Price was quoted at a 11k COE. Cost $55,500 less 1k discount = $54,500Originally posted by PaulQ:Hello everyone
I book a Sunny when COE was 12k. For the last 2 bids, the stupid dealer bid so low for me (10.5k) and of course, I did not get my COE. Then, the dealer called me up to top-up and that really pissed me off Any buyers (Sunny and non-Sunny) out there having this problem with car dealers bidding very low intentionally ? Any advices ?
Thanks.
If actual COE falls below 10k, i will be entitled to a COE refund.
Failed the first & 2nd COE bid as they bid at $10+ k for me
But surprisingly agent called to ask me if i want to consider the open cat but i will have to top up the COE by $1.5k.... i only have minutes to decide.. ie Costs now become $56k
I think it this way... i am paying $12.5k (originally 11k) for a $14.8k or $15k open cat COE.... consider gain i tot ?
I think TC is smart in the sense that they speculate that the price of COE wont fall below 12k in the upcoming bids.. and they yet do want to recognise all sales they can made... So still bid but at open cat... then psycho owners ( like me haha) who cant wait... if i dont want... they will go to the next person in list..
afterall COE can hold for 6 mths before registration. This way of grabbing confirmed sales is somehow getting sales at lesser profit nia... both bear abit of losses.
but if u are patient.. u may still get it at the 6th bid loh.. cos somehow if u already place deposit.. i doubt TC want to lose the sales... -
i got my new nissan at 1st bid non guarette, as per the dealer from T.C, they go in at $14k for me at the COE. and the COE price drop till $11K + so gt rebate of $2K+... really heng heng got my new black sunny less than 1 month of waiting and cost less than $50K..where to find..
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i got my altis during the low COE period. got it at the nxt bidding. now waiting for my car to arrive
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Hi Ponders
In a real situation, this will happen. Eg. dealer bids for you 11k but result was 14k. Before COE closes, if the dealer did not revise your bid to 14k, you are out bid, i.e. you cannot get a COE with the original bid of 11k.
A sincere dealer will revise your bid to 14k if he wants to release the car to you. So if you bought the car at a COE of 14k, that is the COE price that will stick to your car for the next 10 years. If the dealer revise your 11k bid to 14k without sucking 3k from you, you win 3k , dealer loses 3k.
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Hi purecat
About the top-up scam, be careful. You can top up 1.5k when COE is 14.7k but dealer can give you their ex-stock of 12k COE. That will be your loss then.
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Hi SeeTees
Thanks for your advice. The moment i saw them bidding 10k (for 2 bids) for me, i know that they already don't have the intention to give me the car. So I have prepared NOT to get their Sunny but look for other brand. No use begging dealer when they are not sincere. -
Originally posted by PaulQ:
Hi PaulQ
Hi SeeTees
Thanks for your advice. The moment i saw them bidding 10k (for 2 bids) for me, i know that they already don't have the intention to give me the car. So I have prepared NOT to get their Sunny but look for other brand. No use begging dealer when they are not sincere.
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Don't get too upset with the dealers. Its more about making business sense than sincerity here. If its about sincerity, then why have the 6-bid policy ? It would have been garranteed COE for all purchases. If they don't want to sell you the car, then I don't think they'll take you booking at all ..... why go thru all the paperwork when nothing is gonna come out of it
The dealers and SEs are just making a living. I'm sure they'll be glad to get you the car if it is viable (i.e. not having to pay out from their own pocket, etc !). As for the amount of profit, sometimes you get lucky and meet a SE desperately trying to meet sales target and he or she will get you the car even if they lugi a small amount in the whole transaction. Otherwise, its only natural that the SEs will try to get more out of the deal. After all, they also have housing loan, car loan and family commitment to fulfill. -
Haha, same here! First bid they only put $13.1K. So i was pleasantly surprised when i got the second round!Originally posted by AF1:Recently purchased an accord from km when the coe was at the all time low of 11k+.
First round was bad and the bid was not successful due to the huge jump from 11k+ to 14k+.
However, second bid was successful to my surprise. Secured at $14751 and was really very happy with km for securing the coe so quickly although it was non guaranteed. -
if only my SE is as reasonable as what you have described.Originally posted by fondue:The dealers and SEs are just making a living...
my SE is not as responsible
. whenever i asked for the reasons behind being out-bidded, the SE claims that it is NOT their duty to give me the COE, it is Tan Chong who is responsible. I am totally disappointed with this SE and will surely NOT recommend my colleagues or friends to this authorised agent. -
Originally posted by PaulQ:Hi purecat
Hey thks for prompting... i did went to my agent with this in mind .. and she agreed to give me the $14,503 open cat COE...
About the top-up scam, be careful. You can top up 1.5k when COE is 14.7k but dealer can give you their ex-stock of 12k COE. That will be your loss then.
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meaning i pay $12,500 ( $11000 +$1500) for a $14,501 ( lower of CAT A and open cat )
She did said that if no one ask, TC will give the lower one...
Phew. Close Shave.
Sign the papers... shld be getting my car next week.
Thread owner ... not sure if u can change agent.. i personally think my agent is good. Her name is Angeline ( at Bt Timah branch ) She is pretty responsive. -
actually i do agreed that it is control by TC & not the agents..Originally posted by PaulQ:if only my SE is as reasonable as what you have described.
my SE is not as responsible . whenever i asked for the reasons behind being out-bidded, the SE claims that it is NOT their duty to give me the COE, it is Tan Chong who is responsible. I am totally disappointed with this SE and will surely NOT recommend my colleagues or friends to this authorised agent.
TC will try not to profit too little while agents will keep their sales
My two bids was at the same amt.. and they nvr up the bids was damn disappointed then. I call my agent at the end of the first bid. I ask her... if the COE remain high for the rest of the bids and TC still dont up, i'm sure not to get de mah... she said dont worry after each bidding, the company will meet up with SE to strategies the next move.
.. so when they say they have an open cat for me after i failed my 2nd bid, i am very surprise.
but i can understand why.
Cos they dont wont to " lose" too much either.
If u dont mind open cat... top up a little but make sure TC also have to throw in a little.
in my case they have to throw in $2k.
Still they will make money de..
And according to all my car owners friends... all concluded that Nissan is very aggressive, u will get in 6 bids.. is only whether u want to wait nia. So dont lose ur cool. I think they are just doing their job by asking if u want open cat.
or perhaps.. they are just spreading mthly sales quotas. -
i think there is a difference with open cat when a persons or future buyer of the car wants to scrap his car before 10 year. I may be wrong
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Yes u are right. To top up for Cat E is as good as throwing $ away. U pay the price for Cat E while having the Scrap Value equivalent of Cat A. If Cat A COE values at 14k and the Open Cat E is at 16k then u pay 16k for the sake of scrapping at 14k worth of value. Do you think it's worth it at all to pay that extra amt??? So what if the SE agreed to top up a bit while u also top a bit?? In the first place its their job to top up to the required amount cos they are not getting a cat A coe for u...Originally posted by AF2005:i think there is a difference with open cat when a persons or future buyer of the car wants to scrap his car before 10 year. I may be wrong -
I wondered... Who call the shots when it comes to COE bidding?
The buyer? Or the Salesperson? Or the Car Company?
And will the salesperson disclose how much he bids for your car?