Market Price

[graffika]

Actually , where do all the used car dealers get their "market price" from ? Is there a site or a master list whereby it is accesible by the public ? Or do they base it on the banks list ? for instance, a 330ci convertible, manufactured in year 2000 , but registered in year 2001 , when applying loan , which year would the banks based it on ? the manufactured year or the registered year?And for a loan to be approved, it is based on the "dealer price" or the " the price the buyer is buying for ? "Models such as e46 330 coupe or convertible, M3 coupe / convertible, which does not happen to be on the list from banks, where do they get the "permissible loans" from ?The scenario above is based on - direct owner to buyerTQ !

 

[E46Fanatic]

Based on my experience with my parallel import EK4 SiR, its all up to the finance company. They will readilly and happily finance a low margin but if you're looking for max margin, its all up to them. Not the std rule of % from my exp. Also some finance co's are more friendly towards parallel import cars than others. So just shop around and see what margins and interest rates finance co's are offering for that particular model.

 

[bmchai]

all used car dealers based their market price determined by the finance companies.

for eg. E46 2000 affin finance valued at 140K, with 85% loan.
used car dealers will use the 85% of 140K = 119K as their selling price while accepting trade in at 5-6K lower than that as their profit.