Nissan Car Lounge - Almera, Juke, Latio, Qashqai, Sylphy, Teana Owners > Latio
Autosavers Promotions
Ender:
I think NMPM is best to start closer to 60K, so that CVT oil is included plus all the belt and brake pad change at around 50k or so.
Opting in during the purchase of car may start the NMPM too soon, may missed out on replacement parts in the 60K servicing..
kspchew:
Either NMPM or Autosavers promo is attractive but I am not comfortable with the EO use by them. What's more AS charges $60+ for the aircon filter whereas I can DIY for less than $20.
iagree:
--- Quote from: melvinhgf on January 16, 2009, 10:21:34 AM ---Ying, u mistook wat i said. When you buy a car, the agent will tell u the car comes with a 2yr NPMP (sometimes they add the word "free"). But for those who may not know (like my first time with Sunny), you can actually deduct the cost of the NPMP from the car buying price, which can reduce your overall loan amount, hence the payable interests, hence lowering the monthly installments.
If you really go calculate, if you take in the 2 yr NPMP when you buy the car, assuming you are on the 0% downpayment loan scheme (which i did) and the interest rate of 1.99%, you are paying $959.20 for the 2yr NPMP, not much of a saving anyway. One have to remember that even after you used up the 2yr NPMP and assuming you are driving the car till its 10th year, you are paying for something that has been exhausted.
Quite a number of banks allow you to pay by installments for purchases INTEREST-FREE!! So if you consider it from this angle, getting the NPMP package separately and requesting credit card company to split the cost into installments (24 months will be the best) may be more viable for some.
--- End quote ---
hi melvinhgf & all
my agent gv me S$800 discount but i am not sure whether is related to 'free npmp' or not?
coz to me, he sounded he "gv me discount" leh, and i felt so great that he is so kind?
so, it is not the case then? if tcm always gv $800 discount. so this discount is not from the agent then? ma de
melvinhgf:
--- Quote from: mindman on January 16, 2009, 10:54:16 AM ---
think NPMP cannot pay by credit card. Autosaver one can
cheers
--- End quote ---
actually hor, when i bought my macbook with ocbc credit card, after the purchase, the bank send a letter saying that they can convert into installment as long as i send in the request before the billing date. so its through the bank directly, not through the shop
melvinhgf:
--- Quote from: Ying on January 16, 2009, 01:00:25 PM ---NPMP is $1091 now, with new car you trade in for $800 then say go for Autosaver $908. So you pay $108 more.
Say you opt-in, then pay $800 cash off your loan amount. You get 2 yrs package for just $800. In both case, you still borrow same amount of money to pay for your car wat. But if you want 0% downpayment with NPMP opt-in then you make yourself pay more.
what words the marketing people used is not important, it is how much you pay for the same service. New car owner have a chance to pay just $800 as compare with $1091 walk in rate.
--- End quote ---
ying, u missed my pt again.
i agree that autosaver's $908 is not cheaper than TCM's $800 when u are buying their cars. but my point is, the way the agent is putting across to potential buyers can be misleading. i was sharing my experience with others here that the buying price of the car may have the $800 NPMP factored in it already. So if the agent tell you that there is a 2yr NPMP with it, you know that you are actually paying for it. Even if it is free, the buyer can request to opt out for it in exchange for a reduction in the car price
So for those who may not know, they can always ask their agent to deduct $800 from the car's buying price so they have a lower buying price for whatever the reasons can be. Some like me when i bought my Sunny (my first car 4 years ago) may not know about this. It was actually my sales agent who asked me if i really need the NPMP. The hint is so obvious.
after 2 yrs, perhaps the economy is better, so one can better afford the rate? nobody knows. so for me, i look at what i have at present, reduce the loan amount and interest and decide after 1.5yr later. For others they may have their favourite mechanic or workshop so they prefer to go outside. When my NPMP ended, I'm seriously contemplating to find other workshops. But i have no good lobangs. Anyway i dun find TCM mechanics that wonderful. Now with my lousy experiences with TCM, i'm beginning to feel fortunate tat i did not take the NPMP.
My info may inform them of the possible choices regarding NPMP. Different people have different wallet size. So while you can afford to let the banks earn extra interest on the $800, some people cant. So my earlier postings merely share my experiences.
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