Imported used car - Good deal?

[cgoh]

I need some feedback from the bros here.

As I browse around on sgcarmart, I came across a dealer that imports relatively new 335 cabs (only a few months old) with extremely low mileage (a few hundred km). The cars have fully loaded options (idrive, gps, paddle shift, latest gear box, etc). They claimed that it will be maintained by agent. As I was curious to know more, I paid them a visit and found the following:

1) Selling price $199K (more than $50K cheaper than buying from PML)
2) OMV $55K ( PML's car OMV $75K)
3) 2 year Warranty by PML with unlimited mileage. Engine and chasis number registered in PML system.
4) The imported cars were show room car in UK (hence very low mileage)

Based on the above, the depreciation is lower than buying the same car from PML (with less options). The only down side is that the Parf rebate is valid for 10 years from the original date of registration (but in this case the difference is only a few months) and if you need to take loan, you will have to use a higher rate of a used car. COE will be for 10 years and every other paper works seems as though you are buying a new car.

Looks like a good deal to me unless there are some other hidden facts. Any bro you has any comments or feedbacks? I would like to hear from you. Thanks.

 

[Slater]

Re: Imported used car - Good deal?

really looks like a good deal. i would be careful about the warrantied by PML part. in a seperate thread i mentioned PML's new policy with PI and imported cars. i suggest u give PML a call and clarify the status of this car with them and if you will be treated as a 2nd class citizen (1st in last to be serviced, 25% more on ur service and no goodwill).

 

[hitmee]

Re: Imported used car - Good deal?

my friend's car, malaysian car, sent in to PML last week. they serviced it FOC.
I am sure they claim money and credits from BMW Asia.

I doubt they would treat you as second class citizen. You might just buy from them in the near future. that is good business sense.

 

[Slater]

Re: Imported used car - Good deal?

my friend's car, malaysian car, sent in to PML last week. they serviced it FOC.
I am sure they claim money and credits from BMW Asia.

I doubt they would treat you as second class citizen. You might just buy from them in the near future. that is good business sense.

ur friends car is prob the older batch that is under their charge liao. they will be obligated to do so. but they have a new stance on new ones.

cgoh, for your own good pls check 1st. Seriously.......

 

[Terry]

Re: Imported used car - Good deal?

my friend's car, malaysian car, sent in to PML last week. they serviced it FOC.
I am sure they claim money and credits from BMW Asia.

I doubt they would treat you as second class citizen. You might just buy from them in the near future. that is good business sense.

Is ur friend my friend too? Hee

 

[cgoh]

Re: Imported used car - Good deal?

really looks like a good deal. i would be careful about the warrantied by PML part. in a separate thread i mentioned PML's new policy with PI and imported cars. i suggest u give PML a call and clarify the status of this car with them and if you will be treated as a 2nd class citizen (1st in last to be serviced, 25% more on ur service and no goodwill).

The dealer was very confident and gave me the PML service number to call. He guaranteed that the buyer will not be a 2nd class citizen. He claimed that his arrangement with PML is different from the rest of parallel importer and imported cars.

 

[Slater]

Re: Imported used car - Good deal?

The dealer was very confident and gave me the PML service number to call. He guaranteed that the buyer will not be a 2nd class citizen. He claimed that his arrangement with PML is different from the rest of parallel importer and imported cars.

ok. go ahead once ur certain

 

[JES]

Re: Imported used car - Good deal?

thanks for the input guys. thinking of getting a used PI beemer myself so your comments were very helpful

 

[Slater]

Re: Imported used car - Good deal?

thanks for the input guys. thinking of getting a used PI beemer myself so your comments were very helpful

still bent on 335?

 

[hoks]

Re: Imported used car - Good deal?

Suggest u get the black n white on point #2 and make sure the dealer is reputable, else they close shop you got no one to go after.

Also note that your savings are true only if you drive the car for long. Selling it after 1 or 2 years might be a headache.

My 2 yen worth...

 

[ktnpl]

Re: Imported used car - Good deal?

Markup is $43K based on $20K COE
:O

 

[platinum88]

Re: Imported used car - Good deal?

bro, i almost went d same route as u 2 mths back! Wanted to sell my 325cabrio and went for a white 335 cabrio with full M-sports bodykit, idrive, full specs ...Asking price for that car was sgd206K then. I seriously think there isn't any real setbacks other than warranty issue and service with local Performance Motor. I guess it is a mindset thing with us! Also, bear in mind lower OMV and of course nice profit for PI importers ... There was an article just last weekend on PI and used imported cars. Think u shld read it.

 

[diablo_728]

Re: Imported used car - Good deal?

based on my experience, warranty will be 2yrs from date of original reg not from the reg date in sg. The reg date will be verified by pml by the use of the document from the country origin cant rem the name, if they cant verify this it will from manufacturing date as per record. first 2yrs pml claims from bmw asia so they will do as per their own car as after all they get paid.

 

[cgoh]

Re: Imported used car - Good deal?

based on my experience, warranty will be 2yrs from date of original reg not from the reg date in sg. The reg date will be verified by pml by the use of the document from the country origin cant rem the name, if they cant verify this it will from manufacturing date as per record. first 2yrs pml claims from bmw asia so they will do as per their own car as after all they get paid.

In the cas of the dealer, I am talking about the original registration date in the country is only a few months (about 2 to 3 months) from the local registration date so not much difference. If PML can give warranty to PI cars since they can be paid, why not all PIs offer this warranty to buyers?

 

[cgoh]

Re: Imported used car - Good deal?

Markup is $43K based on $20K COE
:O

Can share how you calculate? Thanks.

 

[Slater]

Re: Imported used car - Good deal?

In the cas of the dealer, I am talking about the original registration date in the country is only a few months (about 2 to 3 months) from the local registration date so not much difference. If PML can give warranty to PI cars since they can be paid, why not all PIs offer this warranty to buyers?

its not cheap to offer warranty from PML by PI's. Have mentiond in another thread that the registration fee now if you are a PI car wanting to be serviced or repaired by PML is 10k. unless absolutely no choice wherein PI's workshop cant rectify, they will then need to send in to PML. Hence either PI or PI's service center will have to fork out the 10k. Not good for PI's business if all decide to give PML warranty

 

[waver]

Re: Imported used car - Good deal?

I know which car you're referring to. I saw the ad too.

I have been enquiring some of the 335i imported used car since early this year.
I am a little skeptical and suspicious of the claim made by the dealer, esepcially with regards to the PML warranty part. You have to do your homework and, like fellow forumers suggest, call PML to check. Better still, so down PML service center personally and check with the manager. The PI dealer also must show you the black n white PML warranty before u buy.

Last but not least, the price quoted seems too low to be true. Similar model and specs , without PML warranty, are mostly selling at $205k and above from other PI.................

Other than these, I think getting a imported used car, less than 1 year old and with very low mileage, is not bad an ideal.....do your sums and compare.

The dealer was very confident and gave me the PML service number to call. He guaranteed that the buyer will not be a 2nd class citizen. He claimed that his arrangement with PML is different from the rest of parallel importer and imported cars.

 

[diablo_728]

Re: Imported used car - Good deal?

In the cas of the dealer, I am talking about the original registration date in the country is only a few months (about 2 to 3 months) from the local registration date so not much difference. If PML can give warranty to PI cars since they can be paid, why not all PIs offer this warranty to buyers?

yes but is this date verified by PML/BMW asia. if the doucments are not in order (i think its called the PDI) then its not the same. One scenarion is the car is bght in country A and exported to country B and exported to Singapore. I saw some mid 09 335 with the old i-drive format, so get everything on paper. cheers

 

[ktnpl]

Re: Imported used car - Good deal?

Can share how you calculate? Thanks.

Click here.

Capacity = 2,979
OMV = $55,000
Sales Price = $199,000

Result is gross margin of $50,701 then minus again a few thousand dollars for overheads.

I've got far better value for my car from PML but it's a 335i sedan.

 

[cgoh]

Re: Imported used car - Good deal?

Click here.

Capacity = 2,979
OMV = $55,000
Sales Price = $199,000

Result is gross margin of $50,701 then minus again a few thousand dollars for overheads.

I've got far better value for my car from PML but it's a 335i sedan.

I think you also need to pay goverment another $10K for importing a used car.