Assess my E90 320i(Feb 2006)

[Ahbengdriver]

Re: Assess my E90 320i(Feb 2006)

My car is exactly the same age as yours (Feb 2006) and oddly also the same OMV. Is yours an Asian Aerospace model w/o cruise control and auto headlight?

I bought it last year July @ $70K. Optimistically I would let it go at $64-65K now if I were to maintain the depreciation at the time I bought it.

Given the dealer's margin is usually about 8-10K, there you have it - a lowball price of $53K. Try a few more dealers - you might get a deal for about $58K.

And yes, after I bought it, it had leaks here and there. I spent in total slightly under 2K for all the repairs so far.

Never cheap to own a car here, especially a BMW.

Hi guys, I am back

Still hanging on to my car. Mine is non an AA-car. It has auto headlights, and is a standard 320i E90 I bought from PML at that time. I knew of the Asian Aerospace cars at that time but didnt buy those because I find they were missing quite a few things on the car. Still contemplating what to do. Someone I knew ask meto hang on as he believes the COE is going up and up again soon.

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

Hi guys, I am back

Still hanging on to my car. Mine is non an AA-car. It has auto headlights, and is a standard 320i E90 I bought from PML at that time. I knew of the Asian Aerospace cars at that time but didnt buy those because I find they were missing quite a few things on the car. Still contemplating what to do. Someone I knew ask meto hang on as he believes the COE is going up and up again soon.

i would be wary of the person advising u... he obviously doesn't realise the simple fact that the older your car gets, the higher the instalment for the next buyer... not forgetting u pay the same insurance premium whether your is 5.5yrs and worth 65k, or 2yrs and worth 100k.

would u be dumb enough to pay 1.4-1.6k mthly instalment for your own car at Your price? your buyers would all have to have take-home incomes abv 4.5k. and using some extra logic and common sense, why does it have to be an E90 if u have such incomes, let alone a 6yr old one? and even if E90, why does it have to be Yours against the 100 others avail?

and honestly ask yourself on the appeal of the E90 today compared with 3yrs ago... i can name many other cars just as fast, just as good, just as cool. Never make the mistake of being a car-proud seller... they often end in misery.

i have seen enough pple dekitting and selling their parts off their cars whether E90s or audis to know that regardless of how car-proud u can be, your pride ends when u trying to make hundreds to 2k cannibalising the very car u were once proud of. so that's another bull that is part of self-denial.

speculating on COE prices to make decision on your selling price is plain dumb if your car is more than 5yrs old. between 2yrs old and new, perhaps still have hope and is arguable. but a car whose warranty no longe applies, is liable for higher maintenance costs, etc.... Only a seller who is trying to save 2-3k would subscribe to that false hope.

pple are Not That Stupid to pay u more for a 20k coe car, when current prices include 60k coes... would u even buy your own car at your own price??? i would rather lose some extra Gs, than to lose my integrity trying to sell to some aspiring E90 buyer. let the dealers do the lying and cheating, why allow ourselves to hit this level? is your integrity worth 2-3k more? then u shouldn't be driving this car.

i mean no offence, but seriously, i think assessments must be made frankly and honestly. and without some Hope and Well-wishes added in for some temporary feel-good factor. the biggest lie would be if someone tells u that it's a sellers' market.

when was the last time u went to a carmart? it's impossible to find a carmart without an E90, in fact there's at least 3 in every carmart... and i'm being kind. advice is cheap, cheap advice is everywhere... reality just requires u to open your eyes to see from the opposing side.

 

[detach8]

Re: Assess my E90 320i(Feb 2006)

i would be wary of the person advising u... he obviously doesn't realise the simple fact that the older your car gets, the higher the instalment for the next buyer... not forgetting u pay the same insurance premium whether your is 5.5yrs and worth 65k, or 2yrs and worth 100k.

would u be dumb enough to pay 1.4-1.6k mthly instalment for your own car at Your price? your buyers would all have to have take-home incomes abv 4.5k. and using some extra logic and common sense, why does it have to be an E90 if u have such incomes, let alone a 6yr old one? and even if E90, why does it have to be Yours against the 100 others avail?

I think you have misunderstood the finances of car buying in Singapore. The installments may be the same, but the depreciation isn't. Cars here don't retain value - they depreciate every day you drive them. The right financial decision is to buy a car you can sell without killing yourself in a dire situation. If say a fresh student with only $4.5k/month and no savings, sure he can buy a brand new E90, the loan would be approved, yada yada.

But what if he goes jobless in 1 year and needs to sell that car. He has a $120K outstanding loan. Dealer offers him only $100K for the car. Where does he find $20K? Join MLM?

and honestly ask yourself on the appeal of the E90 today compared with 3yrs ago... i can name many other cars just as fast, just as good, just as cool. Never make the mistake of being a car-proud seller... they often end in misery.

i have seen enough pple dekitting and selling their parts off their cars whether E90s or audis to know that regardless of how car-proud u can be, your pride ends when u trying to make hundreds to 2k cannibalising the very car u were once proud of. so that's another bull that is part of self-denial.

There's emotional attachment to a vehicle. I'd be sad to know my next owner doesn't take care of a ride I've cared for. But that's not the point. If I'm doing a direct sales I'll throw in the upgrades. The reason why people dekit is precisely because the dealer lowballed them, and being humans we just want to recoup some of the losses. I dekitted my Hyundai, I don't see anything wrong with that. Those parts I bought with money, it's my right to keep or sell them. The dealers offered you a price, and that price is for the car - bone stock. When I do an owner-to-owner sales, I state the condition of my sale. If my car is bone stock, so be it. Then I'll have to justify my price.

speculating on COE prices to make decision on your selling price is plain dumb if your car is more than 5yrs old. between 2yrs old and new, perhaps still have hope and is arguable. but a car whose warranty no longe applies, is liable for higher maintenance costs, etc.... Only a seller who is trying to save 2-3k would subscribe to that false hope.

2-3k? My 5 year old E90 depreciates 8.5k/yr. My new E90 depreciates 15.5k/year. That's DOUBLE, i.e. I can buy two old E90s and have parts swapped around than to maintain a brand new one. In fact, how about this. I can buy two E90s, deregister one and keep for parts only and still have excess money to maybe... join MLM. You sure you got this one right?

pple are Not That Stupid to pay u more for a 20k coe car, when current prices include 60k coes... would u even buy your own car at your own price??? i would rather lose some extra Gs, than to lose my integrity trying to sell to some aspiring E90 buyer. let the dealers do the lying and cheating, why allow ourselves to hit this level? is your integrity worth 2-3k more? then u shouldn't be driving this car.

Why not, I would buy an E90 at this price now if I WANTED an E90 so badly but didn't have the kind of money to spare for a brand new one. If I didn't want a BMW and wanted trouble-free motoring I'd be looking at Thaiyotas and maybe a radioactive JDM Honda. I'm sure transactions are made when both parties are agreeable. If I had known a well cared-for E90 owner I would have bought the car than to have bought mine from a dealer and later to find out it had an accident. (Yes, this is true.)

i mean no offence, but seriously, i think assessments must be made frankly and honestly. and without some Hope and Well-wishes added in for some temporary feel-good factor. the biggest lie would be if someone tells u that it's a sellers' market.

when was the last time u went to a carmart? it's impossible to find a carmart without an E90, in fact there's at least 3 in every carmart... and i'm being kind. advice is cheap, cheap advice is everywhere... reality just requires u to open your eyes to see from the opposing side.

It's always better to know the original seller than to have a dodgy dealer. As a seller I would be honest - accidents, maintenance, etc. Of course that can't be said for all people. If I had an accident, high chances are my car's going to the dealer. I don't want the new owner breathing down my neck.

 

[Samuel]

Re: Assess my E90 320i(Feb 2006)

Hi jaymzjr, all that I can deduce from your so-called assessment is that you're one of those disgruntled aspiring E90 buyer who feels that you've been priced out of the markets.
1. Your argument about income is totally one-sided. Why are you assuming that all buyers are taking full loans with minimal downpayments? It could well be a person who has some cash on the side to reduce the bank loan and ultimately, the instalment amount. Hence, your so-called "simple fact" of "the older the car, the higher the instalment" doesn't hold water. In fact, I think the contrary is true most of the time. Personally, if a 6-year old car is well maintained, the lower the value of the purchase, the higher the percentage of my $X deposit, the lower my loan quantum, inevitably, the lower my monthly instalments. Why not?
2. Appeal of the E90 as compared to other makes and models is subjective to the buyers. Please do not take your personal opinion as a universal fact.
3. What makes you think that speculating on COE price movement is "plain dumb"? The market is governed by market forces, and the most convenient indicator is COE prices. Obviously, every seller wants to sell their commodity at the highest price possible. Hence, the buyers will price their commodity based on their deduction on how the market will move going forward. I'm not suggesting that it's the wisest move, but suggesting that the move is "plain dumb" is, well, plain ignorant.
4. I'm a car-proud owner and am loving every minute of the modding process. Whilst cost does play an important role, I'm sure the mod-whores in the this forum will attest that the satisfaction of seeing their rides customised to their preference far outweighs the financial implications.
5. Last but not least, in response to your "20k COE vs 60k COE" and "why your car and not 100 others" comments, this is exactly the point of discussion and purpose of this thread. ABD is seeking opinions on whether he is pricing his car rightly and make his offer attractive to prospective buyers. Let's be objective and not deviate from the initial intention.
Cheers, Sam

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

actually Sam,

on the contrary, i'm being highly objective and non-emotional. alot of things i wrote are logical and appeals to common sense.

the non-objective person here is u, becos u use more IFs to justify your argument.

Hi jaymzjr, all that I can deduce from your so-called assessment is that you're one of those disgruntled aspiring E90 buyer who feels that you've been priced out of the markets.

- your 1st deduction is incorrect. i currently own 3 cars, all were bought last year... i sold 2 cars last year as well, my selling prices are always below the market. i was never an aspiring E90 owner. my last BMW ownerships are prior to 2000.

1. Your argument about income is totally one-sided. Why are you assuming that all buyers are taking full loans with minimal downpayments? It could well be a person who has some cash on the side to reduce the bank loan and ultimately, the instalment amount. Hence, your so-called "simple fact" of "the older the car, the higher the instalment" doesn't hold water. In fact, I think the contrary is true most of the time. Personally, if a 6-year old car is well maintained, the lower the value of the purchase, the higher the percentage of my $X deposit, the lower my loan quantum, inevitably, the lower my monthly instalments. Why not?

- E90 has and OMV of abt 40k. it is not 10k... if u buy it at 8yrs old, assuming 22k on parf which is always there... the shorter your period, the higher your instalment will be. i am giving u an example... u have conveniently forgotten the profile of pple who would be looking at 5yrs-old E90s... it is also very inexpensive to take a car loan these days... most pple would not dump huge lumpsums on car deposits. u barely save much that's worth saving.

2. Appeal of the E90 as compared to other makes and models is subjective to the buyers. Please do not take your personal opinion as a universal fact.

- it is not a personal opinion. goto SG Carmart and narrow down to available 320i ONLY. there's 6 pages x 20, +/- those that dun use internet, u're talking abt 200 in the market. OBJECTIVELY, i would see them being dumped by their previous owners for some reasons, and i see them not being Snapped up immediately. it is not unreasonable to assume Price to be a factor... which is exactly the crux of this thread.

3. What makes you think that speculating on COE price movement is "plain dumb"? The market is governed by market forces, and the most convenient indicator is COE prices. Obviously, every seller wants to sell their commodity at the highest price possible. Hence, the buyers will price their commodity based on their deduction on how the market will move going forward. I'm not suggesting that it's the wisest move, but suggesting that the move is "plain dumb" is, well, plain ignorant.

- a true speculator, speculates on the Paper, not the car+paper. ignorance depends on whether u have always been on the winning end. are u?

4. I'm a car-proud owner and am loving every minute of the modding process. Whilst cost does play an important role, I'm sure the mod-whores in the this forum will attest that the satisfaction of seeing their rides customised to their preference far outweighs the financial implications.

- what makes u think i'm not? i think i'm more car-proud than most becos i dun place money above the final product of my mods. i dun believe in demodding my car becos i see artistry in the end product. EVEN if it goes to a dealer, it will eventually go to the next owner to enjoy my Artistic impression of the car.

5. Last but not least, in response to your "20k COE vs 60k COE" and "why your car and not 100 others" comments, this is exactly the point of discussion and purpose of this thread. ABD is seeking opinions on whether he is pricing his car rightly and make his offer attractive to prospective buyers. Let's be objective and not deviate from the initial intention.
Cheers, Sam

- i have no idea how u deduce me as being non-objective. IF u wanna sell your car and u have another 100 in the market, Surely - u cannot be so naive to think u stand out simply becos u can explain why your car is worth 5k more. if u are truly Objective, u will recognise that your 8k rims are worth only 3k now, and not lump your total expenditure to tell pple u made 30k of mods.

truth is, 30k of mods are now worth 10k in resale... and pple buying the car dun necessarily know how to appreciate beyond bodykits and rims.

i'm sharing an assessment. u dun have to agree to my assessment, but u can keep a lookout of the final price your brother eventually sells it for.

and if u think car left with 3-4yrs is cheaper to own... u can try it with a car whose omv is abit more exaggerated than others. try a 100-150k OMV car. go look at Maseratis/Porsches with 100k OMVs. u will realise that your month instalment is way higher than buying a 4yrs old one. Instalment is affordability, instalment will determine if u can service the loan for the car.

cheers, james.

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

yo dude,

I think you have misunderstood the finances of car buying in Singapore. The installments may be the same, but the depreciation isn't. Cars here don't retain value - they depreciate every day you drive them. The right financial decision is to buy a car you can sell without killing yourself in a dire situation. If say a fresh student with only $4.5k/month and no savings, sure he can buy a brand new E90, the loan would be approved, yada yada.

But what if he goes jobless in 1 year and needs to sell that car. He has a $120K outstanding loan. Dealer offers him only $100K for the car. Where does he find $20K? Join MLM?

- i dun really know how to answer "what if" rhetorics... but i'll just say that 120k car sold at 100k to dealer, 60k car sold at 40k car to dealer... they pose the same problem. in the first place, the buyer has to lose his job, and make a bad decision to buy a 120k car. the 60k car is gonna cost him 2k in maintenance per year, it's not exactly wiser either... that adds to depreciation.

There's emotional attachment to a vehicle. I'd be sad to know my next owner doesn't take care of a ride I've cared for. But that's not the point. If I'm doing a direct sales I'll throw in the upgrades. The reason why people dekit is precisely because the dealer lowballed them, and being humans we just want to recoup some of the losses. I dekitted my Hyundai, I don't see anything wrong with that. Those parts I bought with money, it's my right to keep or sell them. The dealers offered you a price, and that price is for the car - bone stock. When I do an owner-to-owner sales, I state the condition of my sale. If my car is bone stock, so be it. Then I'll have to justify my price.

- i can agree with u. the factor here is Time/Effort. if u value time more, u will know what i mean.

2-3k? My 5 year old E90 depreciates 8.5k/yr. My new E90 depreciates 15.5k/year. That's DOUBLE, i.e. I can buy two old E90s and have parts swapped around than to maintain a brand new one. In fact, how about this. I can buy two E90s, deregister one and keep for parts only and still have excess money to maybe... join MLM. You sure you got this one right?

how can your new E90 depreciate 15.5k/yr unless u've been conned??? for 15.5k/yr u can drive a CLS, 986 Boxster, SLK, A5, Q5 etc...

it's not logical to buy 2 OLD E90s and have parts around to maintain a brand new one. i dun get your logic. 2 old cars and combining parts = 1 brand new one?

Why not, I would buy an E90 at this price now if I WANTED an E90 so badly but didn't have the kind of money to spare for a brand new one. If I didn't want a BMW and wanted trouble-free motoring I'd be looking at Thaiyotas and maybe a radioactive JDM Honda. I'm sure transactions are made when both parties are agreeable. If I had known a well cared-for E90 owner I would have bought the car than to have bought mine from a dealer and later to find out it had an accident. (Yes, this is true.)

ok, when i wanna sell my cars, u get the first call... my cars have very low mileage (less than 10k/yr), are very well maintained, and i dun expect u to even try 2-3k cheaper on price despite me advertising 10k abv what it can actually be worth.

but honestly, i've been around long enough to know that some forummers are precisely in forums to con others... u can be a nice guy,. but dun be too trusting.

It's always better to know the original seller than to have a dodgy dealer. As a seller I would be honest - accidents, maintenance, etc. Of course that can't be said for all people. If I had an accident, high chances are my car's going to the dealer. I don't want the new owner breathing down my neck.

yes agree. but be careful still...

also, if u have an accident, u dun mind passing to the dealer to sell to another individual. if u have an accident, would u readily admit to the dealer too?

being objective is an art, it is not just a word.

 

[detach8]

Re: Assess my E90 320i(Feb 2006)

well there are 101 weird theories around, i'm just trying to bring you around to the other side of the story

yo dude,

- i dun really know how to answer "what if" rhetorics... but i'll just say that 120k car sold at 100k to dealer, 60k car sold at 40k car to dealer... they pose the same problem. in the first place, the buyer has to lose his job, and make a bad decision to buy a 120k car. the 60k car is gonna cost him 2k in maintenance per year, it's not exactly wiser either... that adds to depreciation.

The thing is that the new car now selling after 30k PML discounts at ~170K would probably resale at 130k about a year or two later. That's a 40k difference.

A used car, say 5 year old is about 70k. Two years later it would be 55-60k maybe? It's only normal that the older car loses less due to the fixed min. PARF value.

New car buyer ALWAYS takes the bulk of the depreciation. This is a known fact.

- i can agree with u. the factor here is Time/Effort. if u value time more, u will know what i mean.

I know what you mean. Let's just say different people have different priorities. Who knows some people here are really damn free Not everybody needs to work to have money, heh.

how can your new E90 depreciate 15.5k/yr unless u've been conned??? for 15.5k/yr u can drive a CLS, 986 Boxster, SLK, A5, Q5 etc...

Why not, I bought my new E90 @ $17x,xxx therebouts and the OMV is $39k. That's 15.5k/year for you. In there, 5.3k/yr is COE.

it's not logical to buy 2 OLD E90s and have parts around to maintain a brand new one. i dun get your logic. 2 old cars and combining parts = 1 brand new one?

I'm just bringing weird theories to the table, but they are based on facts of the current market now. Some people just like to tear their car apart. Maybe you and I don't (I'm not really a modder) but some others do, like how some uncle can play chess everday. some things we can never understand, and shouldn't be commenting on

ok, when i wanna sell my cars, u get the first call... my cars have very low mileage (less than 10k/yr), are very well maintained, and i dun expect u to even try 2-3k cheaper on price despite me advertising 10k abv what it can actually be worth.

2-3k below dealer price sounds like a fair starting point. most dealer have ~10k profit, i.e. they take your car ~$50k, advertise for ~$63k, close the deal at ~$60k. If you can get the deal closed at $55-58k, that's a fair deal.

but honestly, i've been around long enough to know that some forummers are precisely in forums to con others... u can be a nice guy,. but dun be too trusting.

this I agree.

also, if u have an accident, u dun mind passing to the dealer to sell to another individual. if u have an accident, would u readily admit to the dealer too?

well if i had an accident, i'll just keep quiet. if the dealer finds out, he finds out. i'll sell the car at whatever price. if my car is accident free however, I'll be bargaining for a better price.

being objective is an art, it is not just a word.

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

well there are 101 weird theories around, i'm just trying to bring you around to the other side of the story

i can appreciate that. i've been on all sides... the side i'm standing on now is that of a realist who is pretty seasoned with the buy/sell car mkt. i dun nurture idealist thoughts of selling at prices which is simply a romantic notion. I do not dictate the supply of the 200 E90s in the resale market, they paint a simple picture which one can dispute or accept. if u have an E90 to sell, u are number 201st seller, regardless of what i say.

The thing is that the new car now selling after 30k PML discounts at ~170K would probably resale at 130k about a year or two later. That's a 40k difference.

this fact applies to those looking to buy/sell 1yr old cars, objectively, it should not apply to the 5yr old E90. i know many of u are trying to establish a link to support your beliefs. but look at the 7s, the 5s... similarly if i can get a 04 730i for 10k depre, how can i expect to get similar depre off the 2yr old ones?? isit logical?

A used car, say 5 year old is about 70k. Two years later it would be 55-60k maybe? It's only normal that the older car loses less due to the fixed min. PARF value.

yes it loses less, it also is Worth Less, this is the crux of what i am saying, but some of u keep pointing to new car prices. this is no different from pple trying to sell their houses at escalated prices hoping to Win nnot lose. when the fundamental expectations of car ownership in spore, is to expect losses to a certain extent.

New car buyer ALWAYS takes the bulk of the depreciation. This is a known fact.

yes, try telling the pple here trying to think they can get away with minimal, after enjoying 1st ownership, 3yrs warranty, new car smell, new car everything... and trying to only lose half the amount, and have the whole world support their theory for cheap consolation. reality will kick in when they sell, regardless of how well they can argue with me here. fact does not change, dealer does not empathise with u, neither should a savvy buyer pay u 5k more becos u bought your rims and upgraded your ICE at 8k more.

Why not, I bought my new E90 @ $17x,xxx therebouts and the OMV is $39k. That's 15.5k/year for you. In there, 5.3k/yr is COE.

and how much to u factor in for depreciation n loss when u sell after 5yrs? 90k? at 4yrs, u will not get more than 90k. assume u bought flat 170k, u will lose 80k in 4yrs or 20k per year. since u bought at 15.5k and paid 20k selling after 4yrs, someone has to benefit.. its either the 2nd owner or the dealer... Never u, the 1st seller.

I'm just bringing weird theories to the table, but they are based on facts of the current market now. Some people just like to tear their car apart. Maybe you and I don't (I'm not really a modder) but some others do, like how some uncle can play chess everday. some things we can never understand, and shouldn't be commenting on

your fact is dependent of the mkt Now. my assessments are based on unbiased mentality that has gone thru the test of time.

2-3k below dealer price sounds like a fair starting point. most dealer have ~10k profit, i.e. they take your car ~$50k, advertise for ~$63k, close the deal at ~$60k. If you can get the deal closed at $55-58k, that's a fair deal.

let's just say i have gotten 2 of my cars at more than 15k off the so-called dealer's price. both of my cars were easily more than 10% off the advertised price. sgcarmart forms a perceived value that Does Not truly reflect the fair and real value.

unfortunately for Sam who thinks i'm struggling and aspiring for an E90, i'm not in the position where i need the discount, but i'm in position to hold my prices which i assess to be fair.i believe in fair value when i buy, and fair value when i sell. i dun let my emotions cloud my judgement at all. the problem is that most pple succumb to dealer's prices becos they're buying their Only car and get desperate. if u're buying your 2nd, 3rd of 4th car... u seriously dun give a shit if the dealer insist on his price, u simply go to the next.

well if i had an accident, i'll just keep quiet. if the dealer finds out, he finds out. i'll sell the car at whatever price. if my car is accident free however, I'll be bargaining for a better price.

i dun, why ask for honest forummers and call them brothers when u will hide an accident subjectively. if u lie to A n not to B, it does not make u any less a liar than one who lies to both. that would be self-denial.

i tell my dealers exactly where i have my accidents. if i lose that extra 2k, it is becos my integrity is worth that very amount. so i dun think those who think i'm Not objective, should even refute me when they are only objective to their so-called forum brudders, and lie to a dealer.

i dun like dealers that much, but i dun see it as my Right to con them simply becos i see them as con artists...

so much for car ownership. this is precisely why i prefer to buy from dealer than forummers... can be so darn biased and dun even see how much of your own integrity u have impeded.

 

[detach8]

Re: Assess my E90 320i(Feb 2006)

I need to head out but just a quick reply

The question of integrity really depends on the person. If you were to monetize it, well, say you have $1m in your bank, earn $20-30k/mth. Your integrity is probably "worth" $0.5m. Just saying.

But for a poor bloke who has only one car, their one and only car. Makes 4k/mth, has close to zero in the bank. Their integrity is worth maybe $500.

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

no prob, yeah i know it's tougher when we're aspiring... some of us start from racerboy or maybe riceboy days... car was like everything and we pay thru the roof.

just wanted to say when i was using words like "u" ie in like the last paragraph, those are meant more like rhetorics to incite deeper thoughts, not so much baiting or flaming...

i feel that we do need to be more realistic when looking at cars here. definitely we can try, but there will be some repercussions... so when opportunities presents themselves in form of slightly better prices, we Do Not lose them thinking we can get More, or Less. least we're willing to take chances and lose big too. it's all abt managing risks n expectations..

cheers!

 

[pengful]

Re: Assess my E90 320i(Feb 2006)

You guys sibei "cheong hei". People only asking for a fair valuation of his Feb 06 car.

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

You guys sibei "cheong hei". People only asking for a fair valuation of his Feb 06 car.

yup. the word "fair" is a subjective term, thus opinions are shared.

else it would have been a poll, pick an average number and sell at that price.

unfortunately, i doubt the seller will sell at the price even if the poll is done... talking is required for security/assurance purposes. most pple dun like to feel like they made a bad decision.

 

[pengful]

Re: Assess my E90 320i(Feb 2006)

yup. the word "fair" is a subjective term, thus opinions are shared.

else it would have been a poll, pick an average number and sell at that price.

unfortunately, i doubt the seller will sell at the price even if the poll is done... talking is required for security/assurance purposes. most pple dun like to feel like they made a bad decision.

You sounded like you are giving everyone a lecture, telling ABD that he should not ask for too much because yada, yada, yada... All this time, he did not rebute so you went on to hit everyone with an opinion. Is this sharing opinion, as you stated it yourself?

Please give constructive opinion in a nice way about the fair value for his used car vis-a-vis the present condition and what price he can accept without being "robert-ed" by the vicious car dealers. People will learn and appreciate it. You barged in and criticised ABD and others. When I read the entire thread, I feel that you only wanted your opinion to be taken, fuck what the rest says.

Let me tell you. People here can afford the bimmer, they can afford the depreciation. Being able to afford it does not mean we have to be stupid and accept what every dealer tells us. Being in the forum means we share information so that for whatever losses we suffer, we know that they are justifiable losses. We don't need your poison tongue and self-illuminated know-all. If you have nothing nice to say, say nothing!

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

You sounded like you are giving everyone a lecture, telling ABD that he should not ask for too much because yada, yada, yada... All this time, he did not rebute so you went on to hit everyone with an opinion. Is this sharing opinion, as you stated it yourself?

Please give constructive opinion in a nice way about the fair value for his used car vis-a-vis the present condition and what price he can accept without being "robert-ed" by the vicious car dealers. People will learn and appreciate it. You barged in and criticised ABD and others. When I read the entire thread, I feel that you only wanted your opinion to be taken, fuck what the rest says.

Let me tell you. People here can afford the bimmer, they can afford the depreciation. Being able to afford it does not mean we have to be stupid and accept what every dealer tells us. Being in the forum means we share information so that for whatever losses we suffer, we know that they are justifiable losses. We don't need your poison tongue and self-illuminated know-all. If you have nothing nice to say, say nothing!

1. u have actually offered no opinion nor assessment on the topic. u're just taking a popular stance without any contribution.

2. u conveniently phrase your post to make it sound like it's me versus everyone. i know what pple like to hear, unfortunately i dun think it's right to single me out simply becos i dun say what most want to hear abt the actual value of their cars.

3. logically n realistically refute me by telling me how much the Eventual saleprice of the cars came to, instead of idealistically telling me off without anything concrete. if u have nothing nice to say to me, i am ok if u stay, but dun make me a springboard to your popularity quest.

4. if u were so impartial, u might have picked out sam who thinks i'm a disgruntle apiring E90 buyer. dun play judge when u dun wish to be involved in the assessment, and stay blind to others. Be Fair. just as a fair assessment is seeked.

5. if i could have honest opinions on the final price You+Others would actually pay for the said car, i would expect reality to show the prices closer to my assessment. why not u assess and try to sell the car off at Your assessment? wouldn't that be the acid test? instead of throwing out some idealistic number against 200 other same cars in the market and expecting me to simply accept what u say purely on popularist, brudder-brudder sentiments?

u have neither being constructive yourself, nor have u offered anything concrete, so dun accuse me of things which u are doing too.

i have been around forums long enough to know the hidden agendas behind the postings of some pple. i hope u will be as brudder and share some nice consoling words after some of the forummers have sold their cars at prices closer to my assessment.

if staying in this forum is abt having nice things to say when honest opinions are seeked, then i know honesty isn't what's asked... in order to be liked, i have to lie and say all the nice things like, "oh, your price is so reasonable n realistic, sure u can sell" ... months later, the poor bugger is still trying to sell his car at That price becos of the nice thing u said, he feels compelled to listen to u becos u are a forum brudder. and who gets screwed at the end of the day?

there's more savings in my frank opinion. and losses in your hidden niceties...

this is the classic case of ladies who always ask if they are fat... and blackmail u to tell them a beautiful lie.

u have no right to pressure me to say nice things, nor accuse me of anything other than being honest with my opinions. have the decency to be objective, or u will tarnish your own integrity.

i respectfully dismiss your opinion of me. it is driven by personal agenda within the forum community. dun make me the springboard. end of the day, the selling price will not improve just becos u guys said nice things... i have never seen a car command more value becos fellow forummers share good words abt it. if it was so sellable, u wouldn't even need to go to a dealer. and there wouldn't be so many in the market. How can u be so blind with the truth staring at u and still make such irresponsible judgment?

we can always revisit this thread when he finally sells his car, or others. no worries, u guys have the current strong coe to make your case stronger. u dun have to be stupid n accept what the dealer gives u, i agree... just dun be stupid and try to get what others tell u in idealistic fashion.

cheers.

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

People here can afford the bimmer, they can afford the depreciation. Being able to afford it does not mean we have to be stupid and accept what every dealer tells us. Being in the forum means we share information so that for whatever losses we suffer, we know that they are justifiable losses. We don't need your poison tongue and self-illuminated know-all. If you have nothing nice to say, say nothing!

fair enough, u can Dun Sell. and that will be the end product - Not Selling n sticking to your car. good. except that in reality, u probably have a car u're aspiring for... u will have to postpone that. that will be the consequence, that will be the thing u're gonna live with.

but wait, if can afford the bimmer thus afford the depreciation, can call them justifiable losses yet have to postpone the next ride over a few G's, then are we justifying Not selling, or are we Justifying not buying?

i would choose to justify my next aspiration, than to hold on and put my dreams on hold just becos i wanna save a few G's. this will determine how u live life in any case.

u should rephrase the 3rd line to "Being in the forum means we share PLEASING information... blah blah".

 

[totoseow]

Re: Assess my E90 320i(Feb 2006)

n ladies n gentlemen, thats why we go to school to learn about demand and supply. those who did not like botay, learns that when he give 1 goal on monday turns to 1/1.5 on sat morning......

buy low sell high. if u want to buy now n sell 1 yr later its call entering into a futures contract.

when u rent out ur car at a certain interest rate...its call yield.
yield can be duration weighted as well. then u must learn convexity leow....

ignore those dumbo arguments above on car valuations knn all sound like phd type..make me headache reading....just remember there is only ONE price that matters....the price the car trades at..

u can think whatever u want ask whataver ur car is worth....offer whatever u think the car is worth....n talk how smart u are about ur logic etc.

only the price that trade matters......

ABD if this car is the langa car that hoot the motorbike at the multi story car park and its all over my car forum. the price of the car is ZERO. mata coming to catch u

 

[pengful]

Re: Assess my E90 320i(Feb 2006)

ABD, I did a quick search on Feb 2006 320i in sgcarmart today and found 4. Nevermind 1 or 2 or 3 owners.

1) Prices vary from 68,988 to 74,800 so taking an average out of the 4 cars, the price is 71,597.
2) Ok, supposing people bargain here and there and the agreed selling price is 70,000.
3) Now, minus 5,000 kopi money and you should realistically let go at 65,000. I don't know if the dealer markup is 5,000 or 7,000 or 10,000 but some dealer friends I know said 5,000 is generally acceptable for quick sale. Agree on this markup and mark down your car price accordingly.

Now, here's my unbiased, non-philosophical, non-lecture type, non-sarcastic type contribution to one and all following this discussion.

 

[detach8]

Re: Assess my E90 320i(Feb 2006)

Yeap, that's what I think the price should be too. Approx 63-65k

 

[pengful]

Re: Assess my E90 320i(Feb 2006)

ABD, how come you never thank me?

 

[jaymzjr]

Re: Assess my E90 320i(Feb 2006)

Yeap, that's what I think the price should be too. Approx 63-65k

morning detach8, pengful,

my assessment in my 1st post was to try at 58-60k (assuming then that he needed to sell). i'm around 5k lesser off from your assessment.... (clemZ said he was shown 53k)

perhaps my language isn't very jolly, but 5k differentials from opinions, surely is pretty acceptable? Now.. even not as a bimmer owner, surely 5k is something u wanna try extra for, BUT - becos u can "afford the bimmer,afford the depreciation", then i believe u wouldn't hold it so strictly that WHEN u have found your next ride and u're selling to buy, u Will soften your stance.

with all the years of selling that most of us have... how often have we sold 3-5k less than our expected? or even 5-10k less? i believe with honesty applied, it has always been the case.

i wanna re-iterate that sgcarmart offers a PERCEIVED market, taking the average of a perceived market does not make it a realistic mkt. this is perhaps where our assessments differ. Pengful, since u have dealer frens, why not just ask what's the highest they would pay for the same car? surely, dealers' price will at least set us a Floor for the pricing. that would be useful to ABD so that he doesn't get 'roberted'.

i would have liked to go 1 step forward and ask each individual here how much would they pay for the same car, in the exact shoes of the buyer. i'm sure most of u hold enough finances to take your time and appeal to your head on the fair price for u as the buyer.

saleprice of 65k = 9.2k depr. for a Feb BMW 320i.

Now, question is - what are the similar/better cars u can get for the same depreciation? this would be the question we would go thru as a buyer. it's relevant becos 5yrs+ 320i are not flying off the shelf, and there's much supply in the market.