As many here know, I recently put up my car for sale in sgcarmart and in this forum. Well, forum-ise my experience has been good although pricing-wise many could not meet or come close..but nevermind.. My rant here is about potential buyers from sgcarmart.
Typically many of them are "upgraders" from various makes and models and have little or no knowledge about BMWs. Many low ball till my car machiam it was a useless piece of metal and should just be left by the roadside to rot if it breaks down. One said my Brembo was fake. Another said his Lancer could outlast my E60 and gave me a nice mini seminar about Lancer engines and Mitsubishi's history..simi lan?
Anyway, I will relate my experience with 2 potential buyers.
Buyer 1: We agreed on the price and he went ahead to apply for the loan. His loan was rejected cos his pay low and banks strangely rejected outright instead of offering a lower sum. He called me and asked whether he can take "personal loan" from me.. huh? I said cannot lah blah blah and he asked whether I can help him appeal to the banks...huh? x 2. I refused to answer his calls and SMSes. Mind you, this fella drives a Volvo S40. Maybe his father's one.
Buyer 2: This fella solid. Same thing, we agreed on the price (less some of the mods as he didn't need them) and asked whether I can pay his transfer fee for him. How can? So he said can lump it into the loan and I said try lor. He wanted to take 100% loan. He then asked me after loan approved, can just drive off ahh? I said not so simple..and ran thru with him the process:-
a. Apply loan
b. Loan approved, then need to source auto insurance (about $1,400)
c. Pay transfer fee ($2100)
d. He wanted to retain his existing car number and put on to the E60, so I said tats another $1300
e. Can loan's 1st instalment. ($1600)
Total estimated about $7k (b+c+d+e) for his driving history n occupation (some salesman)
He asked me whether can lump all these into the loan application. HUH?
Well, he tried and obviously loan quantum was too high and the bank rejected but offered him about 70% of the sale price. He SMSed me and asked whether I can sell to him at the bank's approved loan quantum. DOUBLE HUH?!
There are wierdos in Singapore....
Anyway, I think I will probably keep my car for awhile more...abit boh sim n heartpain to sell...hurhur
Typically many of them are "upgraders" from various makes and models and have little or no knowledge about BMWs. Many low ball till my car machiam it was a useless piece of metal and should just be left by the roadside to rot if it breaks down. One said my Brembo was fake. Another said his Lancer could outlast my E60 and gave me a nice mini seminar about Lancer engines and Mitsubishi's history..simi lan?
Anyway, I will relate my experience with 2 potential buyers.
Buyer 1: We agreed on the price and he went ahead to apply for the loan. His loan was rejected cos his pay low and banks strangely rejected outright instead of offering a lower sum. He called me and asked whether he can take "personal loan" from me.. huh? I said cannot lah blah blah and he asked whether I can help him appeal to the banks...huh? x 2. I refused to answer his calls and SMSes. Mind you, this fella drives a Volvo S40. Maybe his father's one.
Buyer 2: This fella solid. Same thing, we agreed on the price (less some of the mods as he didn't need them) and asked whether I can pay his transfer fee for him. How can? So he said can lump it into the loan and I said try lor. He wanted to take 100% loan. He then asked me after loan approved, can just drive off ahh? I said not so simple..and ran thru with him the process:-
a. Apply loan
b. Loan approved, then need to source auto insurance (about $1,400)
c. Pay transfer fee ($2100)
d. He wanted to retain his existing car number and put on to the E60, so I said tats another $1300
e. Can loan's 1st instalment. ($1600)
Total estimated about $7k (b+c+d+e) for his driving history n occupation (some salesman)
He asked me whether can lump all these into the loan application. HUH?
Well, he tried and obviously loan quantum was too high and the bank rejected but offered him about 70% of the sale price. He SMSed me and asked whether I can sell to him at the bank's approved loan quantum. DOUBLE HUH?!
There are wierdos in Singapore....
Anyway, I think I will probably keep my car for awhile more...abit boh sim n heartpain to sell...hurhur
