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Buying a car number plate from a seller


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Guest kepiting1sg

Hope I get this rite!!!!

So we can use this as a reference.

Credits to 9339 & teoh

Assumptions:

1. LTA Transfe fee of a COE car with low value= $150

2. Agent Fee = $600

3. Seller selling price of car number = $1,688

Buying an unregister new number plate from a seller

eg. Seller selling plate price : $1688

Transfer of COE car to seller name: $150 (eg. LTA transfer fee)

Transfer of VRN to COE car: $300 (LTA)

Transfer of COE car to buyer name: $150 (eg. LTA transfer fee)

Transfer of VRN to buyer exisiting car: $1300 (LTA)

or

Transfer of VRN to buyer for a new car:$100 (LTA) - Number retention

Agent fee: $600 (est.) (prevailing rates apply)

Total for buyer to change the VRN plate of an existing car = $4188

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $1,900)

Total for buyer of VRN plate for a new car registration = $2,988

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $700)

Buying a number plate from a seller exisiting car

eg. Seller selling plate price : $1688

Transfer of COE car to seller name: $150 (eg. LTA transfer fee)

Transfer of Seller VRN to Seller COE car: $1,300 (LTA)

Transfer of COE car to buyer name: $150 (eg. LTA transfer fee)

Transfer of VRN to buyer exisiting car: $1300 (LTA)

or

Transfer of VRN to buyer for a new car:$100 (LTA) - Number retention

Agent fee: $600 (est.) (prevailing rates apply)

Total for buyer to change the VRN plate of an existing car = $5188

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $2,900)

Total for buyer of VRN plate for a new car registration = $3,988

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $1,700)

Guys pls correct the above calculations if any of them are wrong!

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  • 6 months later...
Guest mushigen

1) How about the transferring back of the COE car to the dealer after the VRN has been successfully transferred to buyer's car? Is there another set of transfer fee to pay when we transfer the car to dealer?

2) Don't dealers charge extra for the insurance coverage of the COE car? Are they able to get 100% refund from the insurance company after the COE car is transferred back to them? Or, is the difference in premium refund already included in the overall agent's fee?

3) W.r.t seller's car, it will get the VRN of the COE car after everything is settled. Does the seller need to inform his insurance company to do the necessary endorsement for his existing policy, or will everything be kow-tim'd by the agent?

Asking because I am considering selling my 124's original '93 VRN if I don't intend to renew the COE next year.

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  • 3 months later...
  • 1 year later...

Hope I get this rite!!!!

So we can use this as a reference.

Credits to 9339 & teoh

Assumptions:

1. LTA Transfe fee of a COE car with low value= $150

2. Agent Fee = $600

3. Seller selling price of car number = $1,688

Buying an unregister new number plate from a seller

eg. Seller selling plate price : $1688

Transfer of COE car to seller name: $150 (eg. LTA transfer fee)

Transfer of VRN to COE car: $300 (LTA)

Transfer of COE car to buyer name: $150 (eg. LTA transfer fee)

Transfer of VRN to buyer exisiting car: $1300 (LTA)

or

Transfer of VRN to buyer for a new car:$100 (LTA) - Number retention

Agent fee: $600 (est.) (prevailing rates apply)

Total for buyer to change the VRN plate of an existing car = $4188

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $1,900)

Total for buyer of VRN plate for a new car registration = $2,988

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $700)

Buying a number plate from a seller exisiting car

eg. Seller selling plate price : $1688

Transfer of COE car to seller name: $150 (eg. LTA transfer fee)

Transfer of Seller VRN to Seller COE car: $1,300 (LTA)

Transfer of COE car to buyer name: $150 (eg. LTA transfer fee)

Transfer of VRN to buyer exisiting car: $1300 (LTA)

or

Transfer of VRN to buyer for a new car:$100 (LTA) - Number retention

Agent fee: $600 (est.) (prevailing rates apply)

Total for buyer to change the VRN plate of an existing car = $5188

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $2,900)

Total for buyer of VRN plate for a new car registration = $3,988

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $1,700)

Guys pls correct the above calculations if any of them are wrong!

Thanks for the info,  

 

any good numbers too?

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  • 3 weeks later...

Where can I get nice numbers other than sgcarmart?

Someone's selling a very rare plate in VAGSG. ST43X....asking for $20k.

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Where can I get nice numbers other than sgcarmart?

 

Mine is for sale at the "right price"!

 

SK$222A

 

If you are interested PM me your offer!

 

 

Cheers

I'm a MB Whore! :)

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  • 4 weeks later...

Uncle Unker, u plan to change yours to 111??

Haha

Mine is for sale at the "right price"!

SK$222A

If you are interested PM me your offer!

Victoria Concordia Crescit

Translation: Victory grows out of harmony.

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Uncle Unker, u plan to change yours to 111??

Haha

 

 

Want to wait for SKP my name initials!

It's once in my life time!

  • Like 2

Cheers

I'm a MB Whore! :)

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Hope I get this rite!!!!

So we can use this as a reference.

Credits to 9339 & teoh

Assumptions:

1. LTA Transfe fee of a COE car with low value= $150

2. Agent Fee = $600

3. Seller selling price of car number = $1,688

Buying an unregister new number plate from a seller

eg. Seller selling plate price : $1688

Transfer of COE car to seller name: $150 (eg. LTA transfer fee)

Transfer of VRN to COE car: $300 (LTA)

Transfer of COE car to buyer name: $150 (eg. LTA transfer fee)

Transfer of VRN to buyer exisiting car: $1300 (LTA)

or

Transfer of VRN to buyer for a new car:$100 (LTA) - Number retention

Agent fee: $600 (est.) (prevailing rates apply)

Total for buyer to change the VRN plate of an existing car = $4188

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $1,900)

Total for buyer of VRN plate for a new car registration = $2,988

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $700)

Buying a number plate from a seller exisiting car

eg. Seller selling plate price : $1688

Transfer of COE car to seller name: $150 (eg. LTA transfer fee)

Transfer of Seller VRN to Seller COE car: $1,300 (LTA)

Transfer of COE car to buyer name: $150 (eg. LTA transfer fee)

Transfer of VRN to buyer exisiting car: $1300 (LTA)

or

Transfer of VRN to buyer for a new car:$100 (LTA) - Number retention

Agent fee: $600 (est.) (prevailing rates apply)

Total for buyer to change the VRN plate of an existing car = $5188

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $2,900)

Total for buyer of VRN plate for a new car registration = $3,988

(Number Plate Price=$1,688, Agent Fee=$600, LTA fees= $1,700)

Guys pls correct the above calculations if any of them are wrong!

this is more complicated than rocket science. can this be simplified? just more ways to make money from filing papers. :(

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this is more complicated than rocket science. can this be simplified? just more ways to make money from filing papers. :(

 

You may have to ask LTA to simplify the process!

The easier way is to get "an agent" to do this for a small fee!

There're people in this line of business doing this buying, selling and transfer of VRN

 

My write-out is to highlight to members the "hidden fees" in buying a VRN.

Cheers

I'm a MB Whore! :)

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You may have to ask LTA to simplify the process!

The easier way is to get "an agent" to do this for a small fee!

There're people in this line of business doing this buying, selling and transfer of VRN

 

My write-out is to highlight to members the "hidden fees" in buying a VRN.

 

That's why bid direct is the best. Less hassle and non of all these transfer here and there.

树大必有枯枝,人多必有白痴。

树无皮必死无疑,人不要脸天下无敌!

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  • 2 weeks later...

You may have to ask LTA to simplify the process!

The easier way is to get "an agent" to do this for a small fee!

There're people in this line of business doing this buying, selling and transfer of VRN

 

My write-out is to highlight to members the "hidden fees" in buying a VRN.

 

Where can I find the "agent"?

PURTIER aka Daniel & Pearly

www1.purtier.com

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Where can I find the "agent"?

go sgcarmart.... Type bided number plates for sale.... Should get u there......

I'm prepared to meet my Maker...

Whether my Maker is prepared for the ordeal of meeting me is another matter - Winston Churchill

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