Guaranteed vs. Non-Guaranteed COE

[bjornng]

Hey guys!

This will be my first time being actively involved with my parents to purchase a new car from AD, and I would like to understand clearly all the jargons used during car-purchase so I can assist my parents to make a more informed decision and not impulse signing.

I'm a little confused about the Guaranteed vs. Non-guaranteed COE portion. I'll take Nissan's 22 Feb 2018 price list as a reference from the bids/months.I think I got the rough gist of it?

Guaranteed (6 rds, but no no. of bids?): Pay additional $3K, COE rebate @ $28,000.
Advantage: 100% will get car - if COE goes up, you earn because you locked the price.
Disadvantage: If COE down, AD earns.

Non-guaranteed (8 rds, but no no. of bids?):
Advantage: No additional top up.
Disadvantage: AD bids as and when they want and will "play the top-up game" with you, asking if you want to top up some $ to get the COE.


There is something about the COE rebate that if COE at the point is lower than the rebate, they will refund the excess. Please correct me if I'm wrong and I appreciate inputs from you guys! Thank you!

 

[IcYFl4mEz]

Dont bother about gcoe, they wjll still bid their best for u unless there is a super huge jump.

 

[bjornng]

Dont bother about gcoe, they wjll still bid their best for u unless there is a super huge jump.

Hi bro,

Thanks for your response! So do you mean that I should go for Non-guaranteed? What would be the benefits if I go for non-guaranteed? From what I understand, the dealer can choose to not bid for you as well and give excuses on why they did not bid etc..

I found this statement online explained from some forummer, quoted: "X bid non-guaranteed translates to "If COE dips by alot, I'll give you since I profit from it. If COE shoots up, then I thank you for lending me the deposit at no interest." end quote.

 

[fake_oranges]

what car first?

My experiences with Honda and Toyota is no need.
They will get the COE for you without you top up.
Not always in first bid though

 

[IcYFl4mEz]

Hi bro,

Thanks for your response! So do you mean that I should go for Non-guaranteed? What would be the benefits if I go for non-guaranteed? From what I understand, the dealer can choose to not bid for you as well and give excuses on why they did not bid etc..

I found this statement online explained from some forummer, quoted: "X bid non-guaranteed translates to "If COE dips by alot, I'll give you since I profit from it. If COE shoots up, then I thank you for lending me the deposit at no interest." end quote.

Which AD is yours? Save urself 3k. As a SE, gbid or not i will still want to seal your deal.
Unless like i say, huge coe jump within all the 8 bids..

 

[EJB]

Which AD is yours? Save urself 3k. As a SE, gbid or not i will still want to seal your deal.
Unless like i say, huge coe jump within all the 8 bids..

SE doesn't do the bidding, there's a bidding department that does the bidding. SE only handles your paperwork and delivery of vehicle.

 

[IcYFl4mEz]

SE doesn't do the bidding, there's a bidding department that does the bidding. SE only handles your paperwork and delivery of vehicle.

Ya i know i mean the company will still wan ur money unless like i say too huGe jump. N the gbid money also nt earn by se i heard

 

[EJB]

Ya i know i mean the company will still wan ur money unless like i say too huGe jump. N the gbid money also nt earn by se i heard

GBid price goes into the car price under contract. SE does take a commission cut from it.

Discounts and all affect the commission, therefore so does GBid affect SE's comms.

 

[kuti]

Coe looks like going downwards. So non guaranteed is better bet

Sent from Nokia 3310 using GAGT

 

[bjornng]

what car first?

My experiences with Honda and Toyota is no need.
They will get the COE for you without you top up.
Not always in first bid though

Looking at Nissan qashqai! Tan chong. What does SE stands for?

I was speaking to my dad and he was adamant that guaranteed Coe means AD will bid open cat, but I'm pretty sure that's not the case... Which brings me to this question, how does the bidding department decides which cat to bid?

 

[IcYFl4mEz]

Looking at Nissan qashqai! Tan chong. What does SE stands for?

I was speaking to my dad and he was adamant that guaranteed Coe means AD will bid open cat, but I'm pretty sure that's not the case... Which brings me to this question, how does the bidding department decides which cat to bid?

They dont bid open cat for u, they do have some open cat availBle as standby

 

[iceraider]

They wun refund e amt ba.. jus use n offset against car cost..

Unlikely wun go below e coe rebate one.. anyway if they said 6bids.. means will try to bid for coe in 3months (usually they dun skip)

Hey guys!

This will be my first time being actively involved with my parents to purchase a new car from AD, and I would like to understand clearly all the jargons used during car-purchase so I can assist my parents to make a more informed decision and not impulse signing.

I'm a little confused about the Guaranteed vs. Non-guaranteed COE portion. I'll take Nissan's 22 Feb 2018 price list as a reference from the bids/months.I think I got the rough gist of it?

Guaranteed (6 rds, but no no. of bids?): Pay additional $3K, COE rebate @ $28,000.
Advantage: 100% will get car - if COE goes up, you earn because you locked the price.
Disadvantage: If COE down, AD earns.

Non-guaranteed (8 rds, but no no. of bids?):
Advantage: No additional top up.
Disadvantage: AD bids as and when they want and will "play the top-up game" with you, asking if you want to top up some $ to get the COE.


There is something about the COE rebate that if COE at the point is lower than the rebate, they will refund the excess. Please correct me if I'm wrong and I appreciate inputs from you guys! Thank you!

 

[bjornng]

They wun refund e amt ba.. jus use n offset against car cost..

Unlikely wun go below e coe rebate one.. anyway if they said 6bids.. means will try to bid for coe in 3months (usually they dun skip)

hey bro,

thanks for your insights well noted!

i got a question here too: basing on current COE 37k now, i was wondering how do they decide how much to bid. like i was thinking, they can just bid the rebate (eg 25k), and they can just leave it at that one bid and forgo it as well cos it's non guaranteed.

so with coe prices being not too high (wont say it's super super low too) now, would non guaranteed be feasible? and to your opinion, why would that be?

the nissan salesperson told me that they have stock for almost all the cars; i went to honda as well and salesperson said the same thing. even asked us to go non guaranteed as high chance will get also. kind of trying to close the deal fast any experiences from nissan buyers?

 

[tkdboi]

I think the ADs all feel the COE prices won't jump and will likely drop over this 3 mths.

I was also advised by my SE for Kia no need to top up for Guaranteed COE.

The 1st bid they put in for me a few days ago was just 3k short of the closing price.

Sent from LGE LG-H930 using GAGT

 

[seanyboydad]

Open cat is what they give if you in a hurry and need a car they have in stock. Open cat no need buyer ic to bid.

Sent from OnePlus ONEPLUS A5000 using GAGT

 

[sinicker]

Looking at Nissan qashqai! Tan chong.

When I went Motorshow on Friday and test drove the following day, they offered the following.

Guaranteed COE - 5yrs free servicing
Non-guaranteed COE - 3 yrs free servicing

Still same now?

I didn't sign also in January. Keep driving current car.

 

[lasnoblur]

Dont bother about gcoe, they wjll still bid their best for u unless there is a super huge jump.

this quite true. so thus u pay to eliminate the uncertainty.

 

[c1528351]

I just signed up with a 6 bid guarantee coe without topping up the 3k but in the end got my coe during the recent bidding ..I would say Hyundai is very aggressive in securing the coe ..so guys, can forget about the topping up thing

 

[myviowner]

i look it as a sales & marketing gimmick.

 

[iceraider]

They wun risk it to lose a customer n bid low.. all AD r like tis.. if coe suddenly goes up n u r on NG bid.. likely they will ask u top up when u failed 3rd or 4th bid.

From wat i know.. they will usually bid 6-8k or even 10k higher than e rebate amt.. like some bros said.. honda, toyota goes for NG bid they have e margin to play ard..

If the SE hard up for sales, they might even throw in G bid without top up.. n u can even try to nego for it..

hey bro,

thanks for your insights well noted!

i got a question here too: basing on current COE 37k now, i was wondering how do they decide how much to bid. like i was thinking, they can just bid the rebate (eg 25k), and they can just leave it at that one bid and forgo it as well cos it's non guaranteed.

so with coe prices being not too high (wont say it's super super low too) now, would non guaranteed be feasible? and to your opinion, why would that be?

the nissan salesperson told me that they have stock for almost all the cars; i went to honda as well and salesperson said the same thing. even asked us to go non guaranteed as high chance will get also. kind of trying to close the deal fast any experiences from nissan buyers?