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PI - Volks Auto Pte Ltd at Macpherson

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Old 23-09-2014, 10:10 PM   #1
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PI - Volks Auto Pte Ltd at Macpherson

Came across straits ad and also online ads of this company, Volks Auto Pte Ltd.

http://m.sgcarmart.com/new_cars/PIdealer.php?dcode=1221

Cars are $10k- $20k cheaper than the rest of PIs. Price stated is for 1 bid guaranteed coe at 72k! How can a car be so discounted in an already competitive PI industry.

My quick check from ACRA confirms that the company is a new set up in 2014. A new setup giving massive discounts so that company can attract customers? Not logical, why would anyone do it at a loss? Profits from sale of a car is only a few thousands. Giving such discounts would mean operating at a loss.

Deposit for car is $10k + 10% of car value. Is this industry norms? Thought the norm is just $10k for coe bidding.

My common sense says buy with care. Cheap things do not always mean good things.

Has anyone had his car delivered from this PI? Any reviews?

Last edited by petamore; 23-09-2014 at 10:13 PM..
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Old 23-09-2014, 11:09 PM   #2
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bookmark for future reference
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Old 24-09-2014, 06:39 AM   #3
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Replied OT.....

Last edited by berlo84; 25-09-2014 at 06:10 PM..
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Old 24-09-2014, 07:43 AM   #4
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Warranty is an issue. Vw is good car to drive but it comes with big or small problems. Need to pay a lot attention for its maintainance.

My car in and out Svc for more than 5 times for warranty claims already.

To save that 10 to 20k, imho not worth.
TS is talking about a parallel importer company.
not volkwagen.
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Old 24-09-2014, 09:49 AM   #5
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what makes you say profit from a sale of a PI car is only a few thousands?
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Old 24-09-2014, 10:51 AM   #6
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what makes you say profit from a sale of a PI car is only a few thousands?
their profit quite high.
Very good earning if they got the lobang.
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Old 24-09-2014, 11:10 AM   #7
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their profit quite high.
Very good earning if they got the lobang.
that's what I thought too, based on simple calculation of historical OMV and other standard cost factors. which is why I'm wondering if TS has a different formula for determining profit from the sale of a new car, which results in a profit of "a few thousands". Perhaps TS was referring only to the cheapest models on sale by Volks Auto, but then again, their prices for these models are not "$10k-$20k" cheaper than other PIs.
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Old 24-09-2014, 12:06 PM   #8
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My common sense says buy with care. Cheap things do not always mean good things.
Ya man, goto be caution about it as my gut's feel that there maybe a few few few 'hidden/unknown' costs/fee, etc wor.

See anyone bought from them but again, unless it your close friends or someone you know, else whatever mentioned online may not prove 'true' ba as it can be posted by the staffs; perhaps?
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Old 24-09-2014, 02:07 PM   #9
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Ya man, goto be caution about it as my gut's feel that there maybe a few few few 'hidden/unknown' costs/fee, etc wor.

See anyone bought from them but again, unless it your close friends or someone you know, else whatever mentioned online may not prove 'true' ba as it can be posted by the staffs; perhaps?
along the same line, we will never know if TS is from a competitor of Volks Auto, and here to seed negativity about them. the possibilities are endless...

on paper this PI does look to be pricing their cars very competitively, that part is factual. I will just disagree that their pricing results in a loss-making situation.
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Old 24-09-2014, 04:34 PM   #10
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I am TS and am interested buyer because price is so much lower than the others. So no need to suspect I am competitor. Those questions are genuine questions which are raised when I think aloud. Looking at harrier. When others offering around 168k with guaranteed coe, this PI selling at 154k also with guaranteed coe. Cheapskate me keen to buy but need to hear feedback first. Scared give so much deposit later no car and no money how? These are my genuine concern.
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Old 24-09-2014, 04:59 PM   #11
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Went down just now.. Door is locked. wah piang eh.
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Old 24-09-2014, 05:09 PM   #12
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I am TS and am interested buyer because price is so much lower than the others. So no need to suspect I am competitor. Those questions are genuine questions which are raised when I think aloud. Looking at harrier. When others offering around 168k with guaranteed coe, this PI selling at 154k also with guaranteed coe. Cheapskate me keen to buy but need to hear feedback first. Scared give so much deposit later no car and no money how? These are my genuine concern.
I assume you are referring to the 2.0 Premium model? It's quoted at $155k on Volks Auto sgcarmart site, is your "154k" a typo? using an estimated OMV of $31.5k, basic cost to PI is around $145k, so selling at $155k still yields a profit of $10k. The next cheapest PI offering guaranteed COE is selling at $156k, and next at $162k, and the next at $163k. Perhaps you are right that they are a new set up, hence being the most competitively priced is their strategy to gain market share, and maybe once the overheads start hitting them month after month, the prices may not be sustainable, just guessing. but what i do notice is that you have consistently twisted words and numbers to cast them in a bad light (3 counts already, and I don't count the potential typo above)...
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Old 24-09-2014, 06:10 PM   #13
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I went down to one PI quoted 168k for harrier elegance (paranomic) 3 weeks ago. Last weekend, I was quoted 154k (add: with no hidden costs by Volks Auto and yes its a paranomic).

Zzzzz am not twisting words. Still say I miscount 3 times. I'm also not really into cars. That's why I ask for feedback. End up getting wacked and no feedback received...

Zzzzz...

Add: And dear Wacko, you need to visit showrooms to get the real price of the car. The price stated above is what is quoted by the PI showrooms. You cannot just look at sgcarmart prices and assume it stands.

If apointed distributors make more than 10k on sale of a car, I believe cos of reputation, warranties but for PIs to make that kind of margin, I doubt it. Just my common sense saying it. Everytime go PI, price differs by 1k- 2k the most. Agar agar is there. No calculation to proof. That's why so many PI come and go cos margin is tight.

CASE states that 18% (highest) of total complains come from motor industry.

http://www.case.org.sg/consumer_guides_statistics.aspx

It is after all my hard earned money and i have reason to be cautious and also to conduct background checks.

I also found out that company registered address in sgcarmart is that of the company's corporate secretary at international plaza, not where the showroom is.

The company is also not registered for for gst with our tax authority.

The above may not mean anything but these are points I noted.

And most important, is 10k + 10% of car price as deposit an industry norm? I need input on that. If not I'll just have to work harder this weekend again by visiting showrooms.

Last edited by petamore; 25-09-2014 at 11:12 AM..
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Old 25-09-2014, 04:17 PM   #14
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Hi petamore

I'm looking for cars and also waiting for review ofcvolks auto. Yes their price is competitive but that does not mean that they are making losses... It could mean that they are making less profit compared to other PI's. Having said that I'm having same worry as you and will buy if they can give me immediate delivery.
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Old 25-09-2014, 10:04 PM   #15
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Buying PI cars can be a challenge. Please do your own homework. Don't be fooled by lower price. They always over promise and under-deliver in other ways. As a consumer, you lan lan have to accept since $$ already paid for deposit. When you want to get back $$$, always have to beg like a mad man.

Always go with strong and reputable PIs. Check another active car forum like - mycarforum.com

Btw, New Toyota Harrier..Panoramic roof is standard for all models. If im not wrong, the Premium version comes with Auto-Tail gate and some function i can't remember.. maybe bigger rims?

Since you already did some small homework, your gut feel already tell you something fishy..so better don't risk.
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