Off Peak Cars...worth buying?

[hencpu]

any OPC owners here? :)



got this from One Motoring forums...

advantages:
1) upfront $17,000 rebate which you can apply to offset COE and ARF

2) therefore, either no loan or small loan reqd (lower interest payments)

3) forces you to plan your car usage: no more unncessary trips as and when you feel like it - economise!

4) apart from regular business, most leisure, private and social activities are in the evenings, weekends and public holidays

5) most suitable for dracula activities too, when taxi charges midnite rate

6) many savings: lower petrol consumption, avoid ERP/CBD charges, also free parking in certain place after 5pm

7) less wear & tear b'cos mileage lower than normal car, therefore, service interval also longer

8) paying $20 for the daily licence forces you to optimise car usage for the day, running all errands, personal business, etc.

9) lower depreciation

10) add daily depreciation and daily licence of $20 still cheaper than renting car for the day or taking taxi for the day

[Shrek]

painfull if u need to drive in the day. pay 17k less but utilisation abt 55%?

[ekenikichi]

i think more of see ur working hrs ba.. if peak hrs are ur working hrs.. then also cannot drive.. car put there also wasted.. tio bo..

[cccp]

definitely more economical if u can sacrifice using ur car during the day. also $20 for a full day usage is not really ex...just keep some coupons in hand.

[hencpu]

thx for the advice...sounds good

i read that u can always convert it to normal car... how much roughly for the upgrade?

[tckrto]

what i want to say is, Yes an OPC's paper value is lesser cos of the rebate, this makes sense, cos u buy it cheap ma. so what if a normal car fetch a higher paper value, normal car cost higher what. So likewise, aft u convert the OPC to a normal car, it's back to square one (paper value would be higher, but u top up ma), jus dat it's a bit of hassle changing carplate... administration stuff... conversion fee. Dats all.

e.g only - let just say a normal car ARF is $20,000 but an OPC is $10,000 due to the $17k rebate "eating into it" aft offsetting the COE (which like current situation where COE is lesser than $17k).

so upon scrap, say at 10th year la for simpler illustration, the normal car can fetch back 50% of $20,000 which is $10,000.
the OPC will fetch back 50% of $10,000 which is $5000.

so some people see it that, hey how come only $5000 whereas normal car $10,000 leh!

in the first place, that normal car cost u $20,000 ma, OPC only cost u $10,000.

this wan i saw it from suzuki forum. hope it helps :D

[hencpu]

this wan i saw it from suzuki forum. hope it helps :D

ah, thx thx...:hat1:

wats ARF btw?

[xiao`meow]

ah, thx thx...:hat1:

wats ARF btw?
Additional Registration Fee

this is what i got from oneMotoring

What are the uses of the PARF/COE rebate?

The PARF rebate may be used to offset the Additional Registration Fee (ARF), Registration Fee (RF) and Quota Premium (QP) when registering a new car. Any excess rebate amount not used will be lapsed. Alternatively, the holder may transfer his rebate(s) to another person if he does not intend to use the rebate(s) himself. The COE rebate may be used to offset the ARF, RF and QP when registering any vehicle. Vehicle owner can also use a COE rebate purchased under his name to offset the Prevailing Quota Premium (PQP) when he renew his existing vehicle's COE.

A PARF/COE rebate holder may also apply to LTA to divide the rebate's nominal face value into lower values. This is advisable if he does not intend to utilise the full nominal face value of his rebate(s).

Conversely, multiple number of PARF/COE rebates may be combined and used to register a new car or vehicle (for COE rebates only). To do so, the registered holder need only notify his motor distributor of all his PARF and/or COE rebates before registering his new car or vehicle.

Both the PARF and COE rebates are non-refundable in cash. The rebates must be used within 12 months from the date of de-registration of the old car (PARF rebate) or vehicle (COE rebate).

[tckrto]

those pple saying OPC convert to normal car will loogi the 17k rebate. but in actual fact no lor, cause my bro last time use to own a opc collora den convert to normal plate. No lost in value oso, only top up money nia.

[hencpu]

Additional Registration Fee

this is what i got from oneMotoring

What are the uses of the PARF/COE rebate?

The PARF rebate may be used to offset the Additional Registration Fee (ARF), Registration Fee (RF) and Quota Premium (QP) when registering a new car. Any excess rebate amount not used will be lapsed. Alternatively, the holder may transfer his rebate(s) to another person if he does not intend to use the rebate(s) himself. The COE rebate may be used to offset the ARF, RF and QP when registering any vehicle. Vehicle owner can also use a COE rebate purchased under his name to offset the Prevailing Quota Premium (PQP) when he renew his existing vehicle's COE.

A PARF/COE rebate holder may also apply to LTA to divide the rebate's nominal face value into lower values. This is advisable if he does not intend to utilise the full nominal face value of his rebate(s).

Conversely, multiple number of PARF/COE rebates may be combined and used to register a new car or vehicle (for COE rebates only). To do so, the registered holder need only notify his motor distributor of all his PARF and/or COE rebates before registering his new car or vehicle.

Both the PARF and COE rebates are non-refundable in cash. The rebates must be used within 12 months from the date of de-registration of the old car (PARF rebate) or vehicle (COE rebate).


thx...:hat1:

just dun quite understand, how do we combine multiple PARF/COE rebates if it only last for 12 mths...buy a few cars? or transfered from other owners?

[hencpu]

those pple saying OPC convert to normal car will loogi the 17k rebate. but in actual fact no lor, cause my bro last time use to own a opc collora den convert to normal plate. No lost in value oso, only top up money nia.

in tat case, quite wu hua...:)

[booest]

Perfect For People Who Works Stay On Office Fro 7am To 7pm :d

[xiao`meow]

thx...:hat1:

just dun quite understand, how do we combine multiple PARF/COE rebates if it only last for 12 mths...buy a few cars? or transfered from other owners?
if i'm not mistaken, it's mainly PARF is the paper value u get back when u scrap your car.... then combined with the remaining COE, u can use this amount to buy a new car and offset a bit of the new car price....

anyone can correct me on this?

[hencpu]

Perfect For People Who Works Stay On Office Fro 7am To 7pm :d
tat's me :hat1:

actually only need the car for my wife & kid in the future...i myself quite content with BMW... :hat1:

[hencpu]

if i'm not mistaken, it's mainly PARF is the paper value u get back when u scrap your car.... then combined with the remaining COE, u can use this amount to buy a new car and offset a bit of the new car price....

anyone can correct me on this?


ic ic...tat makes sense

[ekenikichi]

those pple saying OPC convert to normal car will loogi the 17k rebate. but in actual fact no lor, cause my bro last time use to own a opc collora den convert to normal plate. No lost in value oso, only top up money nia.

how much he top up.. i heard is that 17k rebate.. quite alot.. but dunno true or not..

[tckrto]

how much he top up.. i heard is that 17k rebate.. quite alot.. but dunno true or not..

i donno really how much he top up, LTA caculate for him wan. but his COE is less den 17k for sure.