2months old CGI for sale!

[Guest alex123]

http://www.sgcarmart.com/used_cars/info.php?ID=143999&DL=1000

This car is barely 2 months old!

But it has clocked 9'300 km already.

Quick profit?

[Guest poolfan]

alex123 wrote:

http://www.sgcarmart.com/used_cars/info.php?ID=143999&DL=1000

This car is barely 2 months old!

But it has clocked 9'300 km already.

Quick profit?

WOW .... 9k in 2 months.... we are looking at 60k a year which is equal to 3 yrs for most car in Singapore.

Current listed price $S203,888 ....

[Guest Pumper]

poolfan wrote:

WOW .... 9k in 2 months.... we are looking at 60k a year which is equal to 3 yrs for most car in Singapore.

Current listed price $S203,888 ....

I think the selling price for the C180CGI, should C&C continued to sell will be $199,888. (Minus $15k from the current C200CGI selllling price)

[Guest chiaster]

poolfan wrote:

WOW .... 9k in 2 months.... we are looking at 60k a year which is equal to 3 yrs for most car in Singapore.

Current listed price $S203,888 ....

Is that the price for a brand new C180 CGI now from C&C?

[Guest chiaster]

Pumper wrote:

I think the selling price for the C180CGI, should C&C continued to sell will be $199,888. (Minus $15k from the current C200CGI selllling price)

So, is it 199,888 or 203,888 for the C180 CGI now? Anyone can confirm? Should we sell to make a quick profit?

[Guest alex123]

chiaster wrote:

So, is it 199,888 or 203,888 for the C180 CGI now? Anyone can confirm? Should we sell to make a quick profit?

There is only a profit if you can find a buyer.

Anyway if you want 'quick profit', should dabble in the stock market, not a depreciating 'liability' called cars.

Anyway, he has dropped his asking price to $168'000 now.

At this price, there is no profit after taking into account the cost of financing.

But wow, how does one clock up 9'300km within less than 2 months?

Average 160km per day, at average speed of 50km/h, that is about 3 hours spent in the car each day?

[Guest relagsingh]

alex123 wrote:

There is only a profit if you can find a buyer.

Anyway if you want 'quick profit', should dabble in the stock market, not a depreciating 'liability' called cars.

Anyway, he has dropped his asking price to $168'000 now.

At this price, there is no profit after taking into account the cost of financing.

But wow, how does one clock up 9'300km within less than 2 months?

Average 160km per day, at average speed of 50km/h, that is about 3 hours spent in the car each day?

not true for pre-owned cars though. my friend really made a profit of a few k after even after deducting his total outlay ie. ins, road tax, tx fee, installments paid out.

and thats even before the recent bid. if he sell now i think he'll even make a little bit more.

[Guest chiaster]

alex123 wrote:

There is only a profit if you can find a buyer.

Anyway if you want 'quick profit', should dabble in the stock market, not a depreciating 'liability' called cars.

Anyway, he has dropped his asking price to $168'000 now.

At this price, there is no profit after taking into account the cost of financing.

But wow, how does one clock up 9'300km within less than 2 months?

Average 160km per day, at average speed of 50km/h, that is about 3 hours spent in the car each day?

There are many ways to make quick profits. Selling my 01/10/10 registered c180 cgi now will definitely make me some money. With the current market conditions, I believe many of us here would agree to that. There will always be buyers, even if they are dealers. Anyway, "dabbling in the stock market" - this is not a definite way of making profits - according to your suggestion. I would relish the occasion to have a discussion with you on what other alternatives are available in the whole spectrum of investments, with the aim of making profits.

[Guest chiaster]

relagsingh wrote:

not true for pre-owned cars though. my friend really made a profit of a few k after even after deducting his total outlay ie. ins, road tax, tx fee, installments paid out.

and thats even before the recent bid. if he sell now i think he'll even make a little bit more.

Agreed! With COE on the rise, whoever sells then should make more than just a few K!

[Guest ACSLK]

alex123 wrote:

There is only a profit if you can find a buyer.

Anyway if you want 'quick profit', should dabble in the stock market, not a depreciating 'liability' called cars.

Anyway, he has dropped his asking price to $168'000 now.

At this price, there is no profit after taking into account the cost of financing.

But wow, how does one clock up 9'300km within less than 2 months?

Average 160km per day, at average speed of 50km/h, that is about 3 hours spent in the car each day?

Could be ferrying kids to school plus ownself having lots of meeting around sg plus going up to the North......................

cheers

[Guest flairco]

maybe should wait till coe go up to $100k then sell.

[Guest alex123]

chiaster wrote:

There are many ways to make quick profits. Selling my 01/10/10 registered c180 cgi now will definitely make me some money. With the current market conditions, I believe many of us here would agree to that. There will always be buyers, even if they are dealers. Anyway, "dabbling in the stock market" - this is not a definite way of making profits - according to your suggestion. I would relish the occasion to have a discussion with you on what other alternatives are available in the whole spectrum of investments, with the aim of making profits.

You missed my point. One buys a Mercedes because one enjoys driving it, it is an expenditure. One does not buy a Mercedes with the aim of making a profit on it. And even if you do make a profit selling it when CoE is $100'000, then what do you do? "BMW"? As in "Bus,MRT,Walk"? Or you buy another car at $100'000 CoE? Or you buy a cheaper used car and wait for the CoE to drop? For me, I would rather make my money the regular way and then spend it to pamper myself on a nice car like a Mercedes. You get my point?

As the saying goes, there are only 2 things in life that are sure-things - tax and death! Profit definitely is not for sure, even if 'there are many ways to make quick profits'. But if you say 'dabbling in the stock market' is not 'a definite way of making profits', I wont argue with you because I am not into stocks. But then again, tell that to Mr Peter Lim Eng Hock or Mr Tommie Goh of 2G Capital!

If you relish discussing with me on alternatives (investments), I can only talk to you about property investments, specifically residential properties. I am a property developer and right now I have a 'sure-thing' - brand new bungalows in Sentosa Cove If this is right up your alley, I too will relish meeting you. Season's Greetings to one and all!

[Guest chiaster]

alex123 wrote:

You missed my point. One buys a Mercedes because one enjoys driving it, it is an expenditure. One does not buy a Mercedes with the aim of making a profit on it. And even if you do make a profit selling it when CoE is $100'000, then what do you do? "BMW"? As in "Bus,MRT,Walk"? Or you buy another car at $100'000 CoE? Or you buy a cheaper used car and wait for the CoE to drop? For me, I would rather make my money the regular way and then spend it to pamper myself on a nice car like a Mercedes. You get my point?

As the saying goes, there are only 2 things in life that are sure-things - tax and death! Profit definitely is not for sure, even if 'there are many ways to make quick profits'. But if you say 'dabbling in the stock market' is not 'a definite way of making profits', I wont argue with you because I am not into stocks. But then again, tell that to Mr Peter Lim Eng Hock or Mr Tommie Goh of 2G Capital!

If you relish discussing with me on alternatives (investments), I can only talk to you about property investments, specifically residential properties. I am a property developer and right now I have a 'sure-thing' - brand new bungalows in Sentosa Cove If this is right up your alley, I too will relish meeting you. Season's Greetings to one and all!

This is my first continental car and I went with Mercedes because of the unmatched quality that comes with the brand and of course, the luxury of driving it. It is an expenditure and I am enjoying every minute of it. Like you, I made my money the regular way and got my current car to pamper myself with. However, when COE does get to 100K, I might consider selling my car and like you said, do the BMW (Bus, MRT, Walk). With the profits from the proceeds of the car, it would add to my pool of funds for the purchase of my first property. I won't be able to afford a bungalow in Sentosa (I am just like any other Singaporean trying to make a living) but perhaps you may be able to offer some insights on an appropriate time to enter the property market?

I don't think I've missed your point. It's more a situation whereby we have our differences in opinion - and that is perfectly fine, no? Other than the fact that we both make our living in different industries (I am a banker, by the way), I guess the other stark difference is that I can stomach the BMW way of life for practical reasons until such time that it makes sense for me to get another Mercedes (assuming that I do sell mine when COE hits the roof).

Enjoy the festivities!

[Guest poolfan]

chiaster wrote:

So, is it 199,888 or 203,888 for the C180 CGI now? Anyone can confirm? Should we sell to make a quick profit?

C&C no longer selling the C180 CGI. For the entry level, they brought in the C180K with the 1.6 SC engine. The listed price for the C180K is 166,888 and it is based on CAT A COE. The C200 CGI listed price is 214.888 (updated 23Dec2010)

I do not think that you will make a lot if you sell your car now as the current prices are based on the latest COE prices and the COE prices were lower in the previous months. The Car Dealer will compared the COE prices between both cars.

At the end of the day, the logic remains, buy high - sell high.... unless one is prepared to give up the car, sell it now for a better price, go "BMW" till COE prices drop again.

[Guest blackmercs]

poolfan wrote:

C&C no longer selling the C180 CGI. For the entry level, they brought in the C180K with the 1.6 SC engine. The listed price for the C180K is 166,888 and it is based on CAT A COE. The C200 CGI listed price is 214.888 (updated 23Dec2010)

I do not think that you will make a lot if you sell your car now as the current prices are based on the latest COE prices and the COE prices were lower in the previous months. The Car Dealer will compared the COE prices between both cars.

At the end of the day, the logic remains, buy high - sell high.... unless one is prepared to give up the car, sell it now for a better price, go "BMW" till COE prices drop again.

For dealer there is no way u can fetch a high price. But if u sell it to owner u got a better chance. Say I intend to go for C200 which is one year old, asking price $150,000, I will defintely go for it compare with the present selling price of $214888. I know when I looking for a Z4 after the COE shoot up sky high during this March. PML list price before March is $180k after that it's went up to $220k end up I went looking for one year used $160k from PML. I didn't go for it because PI asking only $180k and is brandnew. Again I changed my mind getting the Z4 till E class cabrio reach our shore & the rest is history!!

[Guest vincemerz]

In short, everyone can do what they want to do and whether it's right or wrong or whatever, no one knows till they have tried and experienced it themselves! So just do it! Never try never know! Every step is experienced gained! That's how all you guys tried and tested and learned and gained your ways to your first Mercedes and beyond! Live your life! Cheers!

[Guest alex123]

chiaster wrote:

This is my first continental car and I went with Mercedes because of the unmatched quality that comes with the brand and of course, the luxury of driving it. It is an expenditure and I am enjoying every minute of it. Like you, I made my money the regular way and got my current car to pamper myself with. However, when COE does get to 100K, I might consider selling my car and like you said, do the BMW (Bus, MRT, Walk). With the profits from the proceeds of the car, it would add to my pool of funds for the purchase of my first property. I won't be able to afford a bungalow in Sentosa (I am just like any other Singaporean trying to make a living) but perhaps you may be able to offer some insights on an appropriate time to enter the property market?

I don't think I've missed your point. It's more a situation whereby we have our differences in opinion - and that is perfectly fine, no? Other than the fact that we both make our living in different industries (I am a banker, by the way), I guess the other stark difference is that I can stomach the BMW way of life for practical reasons until such time that it makes sense for me to get another Mercedes (assuming that I do sell mine when COE hits the roof).

Enjoy the festivities!

Banker? You mean you work in a bank? Don't scare me! Haha, just kidding!

[Guest chiaster]

alex123 wrote:

Banker? You mean you work in a bank? Don't scare me! Haha, just kidding!

Yes, I work in a bank and I manage my clients' wealth. Is there something scary about that?

Oh, and I read (I'm sure many others have read it too) your initial post before you edited it. Why say something and retract it if you don't mean it? Don't worry about hurting my feelings if that's what's intended.

I chose not to purchase my first property due to individual circumstances. Marriage is about 2 years away and that property purchase will happen some time from now till then. Is this really something that's so mind boggling?

Is driving a Mercedes really "making a statement" that you have "arrived"?

Are you serious???

It seems to me that you did not achieve your objective of being " blunt and not obnoxious" with your initial post, because you obviously don't understand the meaning of humility.

Perhaps that's the way people are these days.

Then again, I know so many out there that even if they are "old school" like you mentioned, they don't live their lives "making a statement" with material things like Mercedes-Benzes, properties and whatever money can buy.

I'll leave it at that. It's a forum for free exchange anyway. No hard feelings and none taken. Cheers, mate.

[Guest kreampuff]

alex123 wrote:

Banker? You mean you work in a bank? Don't scare me! Haha, just kidding!

Dude, you are the self-proclaimed property developer (although you are probably a property agent) so why get so excited about job descriptions?

This is a C class forum - ENTRY LEVEL mercedes. Let's not get too impressed with ourselves for owing a basic continental car.

[Guest blackknight]

I thought this thread was for the sale of a cgi? Cool it guys!

[Guest kepiting1sg]

CHILL GUYS!!!!!

Pls keep to the thread topic contents and avoid personal comments!!!:hand:

We are ending year 2010 - let's look to a better 2011!!!!

Everybody HUAT !!!!!!!!

[Guest Raskie]

Unker, time to BBQ at Pleasure-Island to chill out ?

[Guest kepiting1sg]

Raskie wrote:

Unker, time to BBQ at Pleasure-Island to chill out ?

Bro Raskie - Thought U MIA........so still lurking around.....hahahaha!

Missed U man! :becky:

My family has joined me in Pleasure Island for the last 2 weeks.

We are "chilling out" by letting go fireworks at nite.....muhahaha!

Merry Xmas & A Happy New Year 2011!!!!!!

[Guest Raskie]

Me busy until last few strain of hair also tore out in frustration le ... hahahaha

Wah .. fireworks must be shiok !

Have fun

And a belated Merry Xmas and A Fantastic New Year Ahead ...