Demo unit F10 520i vs brand new CBU F30 328i..which would you buy?

[ceteh]

i think the idea of innovative financing is to sell off the car in the 5th year and it would be like leasing rather than hire purchase? This financing is common in the UK.

Indeed, BMW Malaysia wants you to keep upgrading every 5-7 years

 

[aoch88]

i think the idea of innovative financing is to sell off the car in the 5th year and it would be like leasing rather than hire purchase? This financing is common in the UK.

It might be common in the UK but I don't think it will fit so well in Malaysia because of our economic situation. In the UK, cars are taxed at a reasonable rate so what we are paying for is justifiable and reasonable. In Malaysia, the expensive price tag is due to tax so therefore, we are paying a lot more for something that isn't worth that much at the first place. For example, someone that buys an E60 525i LCI Sports in 2007 (when it first came out), he paid RM409,000 for the car. 5 years down the road (today) and he can probably sell it for RM200,000. That's almost RM200K loss and I doubt you lose so much for a 5 year old car in the UK.

 

[ck318ci]

percentage wise you are likely to be on par.
IN 2007, I bought an one owner 3 years old X5 3.0I Sport for 18000 GBP. Brand new was 39K Retail with the options fitted.
That was 50% of retail price after 3 years. 2009, I sold the car for 12,500.
In fact, depreciation is steeper after 5 years for my case.

 

[aoch88]

If percentage wise is the same, it means we lose more in Malaysia because the price of our cars are more expensive than in UK

 

[ck318ci]

yup.... But now when you compare to the price of Singapore.. Malaysian cars will be relatively cheaper..
One Piece of certificate willl cost a brand New E90 320i Executive with I drive!

 

[aoch88]

yup.... But now when you compare to the price of Singapore.. Malaysian cars will be relatively cheaper..
One Piece of certificate willl cost a brand New E90 320i Executive with I drive!

Actually a Singaporean has a better/higher spending power and this is why:

A Singaporean earning SGD 7,000, he only need to spend S$294,800 for a 535i
A Malaysian earning RM 7,000, he needs to spend RM599,000 for a 535i

Like I say, the price of our cars is high because of taxes so we are literally paying so much more for something that's not worth the value at the first place. For example if the government tax 200% for an iPhone, we are paying RM5,000 for it when in actual fact the iPhone is worth a lot lesser by it's actual value. Therefore when you sell it off, you lose a lot.

 

[alpina b5]

Actually a Singaporean has a better/higher spending power and this is why:

A Singaporean earning SGD 7,000, he only need to spend S$294,800 for a 535i
A Malaysian earning RM 7,000, he needs to spend RM599,000 for a 535i

Like I say, the price of our cars is high because of taxes so we are literally paying so much more for something that's not worth the value at the first place. For example if the government tax 200% for an iPhone, we are paying RM5,000 for it when in actual fact the iPhone is worth a lot lesser by it's actual value. Therefore when you sell it off, you lose a lot.

included COE?

 

[aoch88]

included COE?

The COE won't be extra $300K so the Malaysians still have a lower spending power Every country has their own economic policies so to make the comparison simpler, just use a dollar to dollar comparison.

 

[alpina b5]

The COE won't be extra $300K so the Malaysians still have a lower spending power Every country has their own economic policies so to make the comparison simpler, just use a dollar to dollar comparison.

won't be so much but it's nearly there. base price i think it's nearly the same but i've seen the pornographic amounts my friends pay for their COE (generally whatever we pay for our cars in total, change the RM into a Sing Dollor sign and that's what they pay). but they do it anyway cause singaporeans are hyper materialistic (malaysians aren't much better). They have higher spending power but things down south is getting over inflated rapidly, people from Hong Kong and Germany are complaining how expensive Singapore is. Economic policies wise, both of our countries have the stupidest in the world. Would the day ever come when we no longer have to slave for our cars? No idea. But i hope so.

 

[keny]

Actually a Singaporean has a better/higher spending power and this is why:

A Singaporean earning SGD 7,000, he only need to spend S$294,800 for a 535i
A Malaysian earning RM 7,000, he needs to spend RM599,000 for a 535i

Like I say, the price of our cars is high because of taxes so we are literally paying so much more for something that's not worth the value at the first place. For example if the government tax 200% for an iPhone, we are paying RM5,000 for it when in actual fact the iPhone is worth a lot lesser by it's actual value. Therefore when you sell it off, you lose a lot.

But comparing car purchasing power isn't the whole picture. Should also compare what someone in Singapore pays to rent/buy a 1,500 sq ft flat vs an equivalent in KL. Crazy prices... and that is a bigger necessity than a car.

 

[aoch88]

But comparing car purchasing power isn't the whole picture. Should also compare what someone in Singapore pays to rent/buy a 1,500 sq ft flat vs an equivalent in KL. Crazy prices... and that is a bigger necessity than a car.

Actually houses in KL are not that cheap either (these days). Like I've mentioned earlier, economics is different from each country and that is why every country has their own economic policies. Although Singapore sounds to be expensive, they are the 2nd country in the world with the most millionaire vs total population (by percentage). Despite being expensive, I can still say someone earning SGD 7,000 would have a better lifestyle than one earning RM 7,000 if they were to spend that money buying houses, cars, etc in their own country.

 

[alpina b5]

But comparing car purchasing power isn't the whole picture. Should also compare what someone in Singapore pays to rent/buy a 1,500 sq ft flat vs an equivalent in KL. Crazy prices... and that is a bigger necessity than a car.

based on what i saw on Channel News Asia few days ago, around rm 8-10k for a shoebox flat...

 

[primus2211]

Also not forgetting the fact that an employee would only make ~80% in numbers in S'pore vs what you'd get in Malaysia especially experienced personnel. Example would be, Sales Managers here gets generally ~RM 15k while in S'pore would make make ~SGD 10-12k.

 

[m42]

of course singaporeans are better off than us..i read that the most popular car in singapore for last year was the bmw F10!...in malaysia that would be the myvi..so go figure..

btw, we have already bought a brand new 520i..got a very good deal from Quill PJ..so decided to take brand new instead of demo unit..so anyone looking to buy F10 should give Quill a try..ask for Ivy or Michael..they were very helpful and 'generous'..hint2..:wink: