Quote:
Originally Posted by grimlock
What about parallel imports?
The 528 is HKD 380k price, 228k tax = USD49k ex.tax
There is very little margin there, Sime Darby same co. .. why is it so expensive in SG then?
I won't complain about getting ripped off buying BMWs in hk..  |
Yes, you are right...Sime Darby is the same co that brings in the BMW brand to Singapore as well.
First of all our government taxes are much higher than in HK and on top of that we have to buy a piece of paper called a COE(certificate of entitlement) to register a new car. This alone cost me US$42000.00 and is only valid for this car. Plus on top of that the BMW dealers are making a minimum of US$56000-US$64000 per car. They basically have no competition!!
We do have parallel imports as well, they are generally US$16000-US$20000 cheaper but they do not come with any factory warranty which scares alot of people off. Even the parallel importers are making an average of US$32000 -US$40000 per BMW car sold.
