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2010 2011 BMW 5 Series Forum F10 BMW 5-Series (F10) Forums F10 Pricing, Ordering, and Tracking (and European Delivery) Price of an F10 in Singapore!!
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      02-22-2011, 05:33 AM   #1
jamier9
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Price of an F10 in Singapore!!

Just thought that I would start this thread to show you guys out there who already own an F10/11 just how lucky you are!!

I just bought my F10 and picking it up in 9 days.

I bought the entry level 523i, comes standard with comfort access, bluetooth, xenon headlights and nothing much more.

Even our I-drive screen is smaller than what you guys are getting in the US and the rest of Europe.

Does not even have the sport/comfort mode!!

This base model costs, US$192000.00!!

The 535i costs US$248000.00!!

See how lucky you guys are.
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      02-22-2011, 06:20 AM   #2
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using US$1=S$1.28 works out to S$245,768 (523i) & S$317,440 (535i)
Is that the Authorised Dealer's list price?
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      02-22-2011, 06:26 AM   #3
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Quote:
Originally Posted by vngooi View Post
using US$1=S$1.28 works out to S$245,768 (523i) & S$317,440 (535i)
Is that the Authorised Dealer's list price?
Yes, thats about right.
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      02-22-2011, 06:56 AM   #4
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Damn. Are you serious ? For that kind of price, I could have bought 1/2 of a house here in Canada.
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      02-22-2011, 07:12 AM   #5
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I feel a little bit better now as I "ONLY" paid USD150K for my F10 550i in Hong Kong
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      02-22-2011, 07:43 AM   #6
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Wow! I paid $80K C$ all taxes inclusive (about the same if converted to US $) for my 550i 4wheel drive w/Msport.

Quote:
Originally Posted by mlai View Post
I feel a little bit better now as I "ONLY" paid USD150K for my F10 550i in Hong Kong
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      02-22-2011, 08:21 AM   #7
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Just doing my part to make you guys feel better, we all don't have to be unhappy right?

Have not told you guys the best part, we are only allowed to keep a car for 10 years....after that we have to scrap it!!
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      02-22-2011, 08:27 AM   #8
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Originally Posted by bobblehead View Post
Damn. Are you serious ? For that kind of price, I could have bought 1/2 of a house here in Canada.
Dead serious!! In Singapore only there is only one BMW authorised dealer with one showroom, so more a less a monopoly.

A good portion of the car price goes to the many government taxes.

However, did some calculations based on that and figured out that the BMW authorised dealer is making an average profit of around US$56000 - US$64000 per BMW car sold regardless of model.
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      02-22-2011, 08:39 AM   #9
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So, I guess the dealer does not even have to negotiate with any buyers at all.

In Canada, the dealer profit margin is about 10% and usually, if the buyer is smart in negotiation, then the buyer can get about 7% off the MSRP and leave the dealer with about 3% profit margin ... In US, the dealers will even take the deal at cost + $500 (or less) to get it done.
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      02-22-2011, 08:55 AM   #10
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Quote:
Originally Posted by bobblehead View Post
So, I guess the dealer does not even have to negotiate with any buyers at all.

In Canada, the dealer profit margin is about 10% and usually, if the buyer is smart in negotiation, then the buyer can get about 7% off the MSRP and leave the dealer with about 3% profit margin ... In US, the dealers will even take the deal at cost + $500 (or less) to get it done.
Technically the dealer in Singapore does not have to negotiate with a buyer but they will, however this is only an illusion. The reason I say this is because the list price is inflated to levels that will easily give them profits of US$75000-US$80000 per car. So they are open to negotiations to make the buyer feel that they are getting a good deal. However from they will not go below a certain level and the minimum profit margin they will make is at least US$56000 per car.

I know it sounds crazy to buy cars at these prices but we do not have much of a choice or any at all.

Get this, despite the hefty margins they are making BMW Singapore was the top selling Luxury Brand in 2010.
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      02-22-2011, 11:01 AM   #11
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Quote:
Originally Posted by jamier9 View Post
Just thought that I would start this thread to show you guys out there who already own an F10/11 just how lucky you are!!

I just bought my F10 and picking it up in 9 days.

I bought the entry level 523i, comes standard with comfort access, bluetooth, xenon headlights and nothing much more.

Even our I-drive screen is smaller than what you guys are getting in the US and the rest of Europe.

Does not even have the sport/comfort mode!!

This base model costs, US$192000.00!!

The 535i costs US$248000.00!!

See how lucky you guys are.
I would buy a Suzuki Swift instead
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      02-22-2011, 11:25 AM   #12
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Quote:
Originally Posted by Shake n Bake View Post
I would buy a Suzuki Swift instead
As of today, a Suzuki Swift would set you back US$67000.00 in Singapore.
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      02-22-2011, 11:37 AM   #13
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Wow. I guess only the mega rich can afford to drive there.

In Canada, for that kind of money ... you can buy the BMW 535 base or a fully loaded 335 convertible
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      02-22-2011, 11:39 AM   #14
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Quote:
Originally Posted by jamier9 View Post
Dead serious!! In Singapore only there is only one BMW authorised dealer with one showroom, so more a less a monopoly.

A good portion of the car price goes to the many government taxes.

However, did some calculations based on that and figured out that the BMW authorised dealer is making an average profit of around US$56000 - US$64000 per BMW car sold regardless of model.

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..
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      02-22-2011, 12:40 PM   #15
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How ironic.
SG and to a lesser extent HK as well, IMO have the least challenging road network in the world.
I'd happily pay that much money for a car, if I could take it around let's say the roads of southern France or Bavaria. But SG?
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Last edited by EdM5; 02-22-2011 at 03:44 PM..
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      02-22-2011, 01:27 PM   #16
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Quote:
Originally Posted by jamier9 View Post
Quote:
Originally Posted by Shake n Bake View Post
I would buy a Suzuki Swift instead
As of today, a Suzuki Swift would set you back US$67000.00 in Singapore.
I guess I would be walking!! Taxi's are cheap there. Lol
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      02-22-2011, 08:15 PM   #17
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Quote:
Originally Posted by bobblehead View Post
Wow. I guess only the mega rich can afford to drive there.

In Canada, for that kind of money ... you can buy the BMW 535 base or a fully loaded 335 convertible
Not really, BMW's, Mercedes, Audi's and other expensive cars are all over the place here in Singapore and I can guaranteee that they are not mega-rich...and that includes me....I wish I was MEGA-RICH!!
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      02-22-2011, 08:23 PM   #18
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Quote:
Originally Posted by grimlock View Post
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.
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      02-22-2011, 08:24 PM   #19
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Quote:
Originally Posted by Shake n Bake View Post
I guess I would be walking!! Taxi's are cheap there. Lol
OK, have to finally say that at least one thing is cheaper here in Singapore...the taxis. I guess they cost alot more in the US & Europe.
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      02-23-2011, 08:30 AM   #20
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Quote:
Originally Posted by jamier9 View Post
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.
I heard the COE price increased alot, up 3* in last year? perhaps now is not good time to buy
Makes it alot easier for me to accept the abuse at the hands of the local dealer..
I think SG has much better plans for traffic management and overall long term planning, HK, we just about the $$$ hohoho

Riding taxis in HK =cheap,
leaving phones in taxis every couple of months =expensive, but good excuse to change phones (not me)
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      02-24-2011, 12:28 AM   #21
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Quote:
Originally Posted by grimlock View Post
Riding taxis in HK =cheap,
leaving phones in taxis every couple of months =expensive, but good excuse to change phones (not me)
With those prices, I'd say its still cheaper to leave your phone in taxis every couple of months...:/
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      02-24-2011, 01:13 AM   #22
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