Self Import BMW X5 (New)

[blackbirdz]

Agent is selling new X5 around 350K. If you negotiate, I suppose 290K is probably the best you can get. Assuming you have full cash and have time to do the hassle of doing self-import, can you get X5 around 200K-250K? I just briefly read some resources online.

X5 with good option has OMV of 80K on average. Therefore, a landed cost in SG is around 213K as below.
OMV = 80,000
Fee + RF = 25+220 = 245
ARF = 98,000
COE now = 35,000
Total = 213,245
(paperwork + shipping are probably less than 5K)

So without considering "peace-of-mind" that Agent offer, you could save 137K off the sticker price or 77K off the negotiated price (if you could negotiate down to 290K).

Correct me if I am wrong on the above.

 

[chien]

Good point. Have you managed to do it? Please share your experience. Thanks.

 

[Citizen69]

OMV for self import will be higher than parallel importer or AD because no economies of scale and terrible exchange rate at point of tax.
Better to go low minimal spec where possible and fit them in by 3rd party in Singapore.

It will probably be a 6 month wait from date of purchase from the Europe agent to on-the-road in Singapore with lots of legwork and paperwork with LTA in between (during office hours)

unless you have a landed property with enough space, you may need a warehouse rental to store the vehicle while waiting for the holmogation, approval etc and of course the COE bidding.

The calculation above is just about right in terms of monetary value only.