| Author |
Message |
fammira
Barker
Joined: Mar 20, 2006
Posts: 156
Status: Offline
|
 Posted:
Oct 04, 2008 - 10:15 PM |
 
|
| Post subject: Buying a car in China |
I am considering to buy a small utility car for my job and travel around in my spare time, for an amount of 100.000 -120.000 yuan
Considering to pay it cash (don't think there are alternatives here in China), how much is the discount I can ask for and get?
Also, what is a minimum premium for an insurance?
Thank you for your help
 |
| Description: |
|
| Filesize: |
37.25 KB |
| Viewed: |
10399 Time(s) |
|
|
|
 |
|
underh20
Board Legend
Joined: Sep 27, 2006
Posts: 12702
Location: Veggie-Free Zone
|
| Posted:
Oct 04, 2008 - 10:30 PM |
|
|
You can usually get bank financing, but the minimum down is usually 40% and you need to be on a work-related residence permit.
Sometimes you can get a 3% discount, but depending on the model and availability you may even have to pay a premium.
Insurance depends on what type of insurance you buy. Not sure on the car you are buying, but a guy named Russian Bear might have the answer. |
_________________
"If I need to buy a TV, I'll definitely buy a Japanese TV. A Chinese TV might explode." -- Jackie Chan |
|
|
|
|
fammira
Barker
Joined: Mar 20, 2006
Posts: 156
Status: Offline
|
| Posted:
Oct 04, 2008 - 10:45 PM |
|
|
thank you!
I can afford to pay it without a financing, and actually I expected a very low negotiation margin
The model I have in mind is the Nissan Tida you can see in the attached picture, I am seeing more and more around and it probably means the quality/price ratio might be reasonably good
Concerning the insurance, I just need a minimum safe premium one, but have no idea of the price.
three years ago I bought a second hand small car for the company I worked at, I think I remember the basic premium was around 3000 yuan / year. |
|
|
|
|
|
|
RussianBear
Veejay
Joined: June 25, 2008
Posts: 2148
Location: Milky Way galaxy
|
| Posted:
Oct 05, 2008 - 01:31 AM |
|
|
Hi Under ! Thank you ! I just have some suggestions imho..
About 100.000 rmb: Honda Fit - is another good solution(quality beat all other), also Great Wall SUV, Fiat Weekend, Elantra..
that about me - my next car will be second hand - protect my money. I will take an minibus or miniven.
Usual isurance fees is 3% for 1 year and i may strongly reccomend select an big company , not that car's dealer offered.
can select models by price:
http://product.auto.163.com/car/search3.jsp |
|
|
|
 |
|
shanghaiceltic
Shanghai Royalty
Joined: Sep 20, 2005
Posts: 8337
Location: Perth WA
Status: Offline
|
| Posted:
Oct 05, 2008 - 06:12 AM |
|
|
You will need to add for the cost of a registration plate and that is expensive, but it can be sold on when you leave the country, or you can keep the plate for your next car and sell without the plate. |
_________________
I have parrallel bars at home, one for gin and one for whiskey |
|
|
|
|
RussianBear
Veejay
Joined: June 25, 2008
Posts: 2148
Location: Milky Way galaxy
|
| Posted:
Oct 05, 2008 - 07:37 AM |
|
|
Absolutely correct. So many Shanghaines registering cars in the suburbs for avoid this big tiket. |
|
|
|
|
|
|
shanghai_flava
Rocker
Joined: July 19, 2008
Posts: 615
Location: Century Park
|
| Posted:
Oct 05, 2008 - 09:15 AM |
|
|
| shanghaiceltic wrote: |
| You will need to add for the cost of a registration plate and that is expensive |
I saw several threads on the license late thing but they seem to be old.
Can anyone give us the latest updates on that? |
_________________
 |
|
|
|
|
fammira
Barker
Joined: Mar 20, 2006
Posts: 156
Status: Offline
|
| Posted:
Oct 05, 2008 - 09:18 AM |
|
|
I will buy the car in Zhejiang province, that's where I usually work
the plate will be cheap |
|
|
|
|
|
|
fammira
Barker
Joined: Mar 20, 2006
Posts: 156
Status: Offline
|
| Posted:
Oct 05, 2008 - 09:21 AM |
|
|
Usual isurance fees is 3% for 1 year and i may strongly reccomend select an big company , not that car's dealer offered.
you mean 3% of the value of the car? |
|
|
|
|
|
|
underh20
Board Legend
Joined: Sep 27, 2006
Posts: 12702
Location: Veggie-Free Zone
|
| Posted:
Oct 05, 2008 - 09:27 AM |
|
|
^ That sounds about right. |
_________________
"If I need to buy a TV, I'll definitely buy a Japanese TV. A Chinese TV might explode." -- Jackie Chan |
|
|
|
|
RussianBear
Veejay
Joined: June 25, 2008
Posts: 2148
Location: Milky Way galaxy
|
| Posted:
Oct 05, 2008 - 10:13 AM |
|
|
| Quote: |
I saw several threads on the license late thing but they seem to be old.
Can anyone give us the latest updates on that? |
That is still costly..
All plates in Shanghai sell on auction base and price is 35000 - 40000 rmb for it . That is not median but lowest price 
In Nanjing same plate costed for 3000 RMB. |
|
|
|
|
|
|
shanghaiceltic
Shanghai Royalty
Joined: Sep 20, 2005
Posts: 8337
Location: Perth WA
Status: Offline
|
| Posted:
Oct 05, 2008 - 11:11 AM |
|
|
It is possible to buy a non Shanghai plate but there are restrictions on non Shanghai plated cars on the expressways. Plus I have heard you have to get the car serviced in the area you registered and bought. Maybe someone can correct me if that is no longer the case. |
_________________
I have parrallel bars at home, one for gin and one for whiskey |
|
|
|
|
Mr Totomolo
FooJay
Joined: June 21, 2008
Posts: 1693
Location: Shanghai & Taipei
Status: Offline
|
| Posted:
Oct 05, 2008 - 11:19 AM |
|
|
|
|
|
|
fammira
Barker
Joined: Mar 20, 2006
Posts: 156
Status: Offline
|
| Posted:
Oct 05, 2008 - 11:39 AM |
|
|
I am not sure about the plate, but I think it will cost me 2000 yuan in Zhejiang Yuyao.
I am often there, so it will not be a problem to have the car inspected there.
I am still concerned about the very low negotiation margin on the car purchasing price, but as Mr Totomolo rightly points, car market is in a bubble as well, and it's going to deflate just like stock and properties markets did.
Maybe I can try to push for a 5% discount |
|
|
|
|
|
|
underh20
Board Legend
Joined: Sep 27, 2006
Posts: 12702
Location: Veggie-Free Zone
|
| Posted:
Oct 05, 2008 - 11:44 AM |
|
|
^ You can try pushing for as much as you can.
On higher priced cars most people can get about 3% and that is after the government increased tax rates. For lower priced models, you may have to actually pay a premium.
Let us know how much of a discount you can get. |
_________________
"If I need to buy a TV, I'll definitely buy a Japanese TV. A Chinese TV might explode." -- Jackie Chan |
|
|
|
|
shanghai_flava
Rocker
Joined: July 19, 2008
Posts: 615
Location: Century Park
|
| Posted:
Oct 05, 2008 - 02:14 PM |
|
|
So basically whether your residence/work permit is issued in Shanghai or not, you can get a licence plate in any of the provinces surronding Shanghai, is that correct?
If yes, can anyone detail the whole process or provide a link (in Enligh preferably)?
The link http://home.wangjianshuo.com may not be up-to-date given how fast laws change in China. |
_________________
|
|
|
|
|
monalisalee
StreetBeater
Joined: May 10, 2005
Posts: 2444
Location: Shanghai
Status: Offline
|
| Posted:
Oct 05, 2008 - 05:14 PM |
|
|
I see on the news that some dealers, (because buying has been slower than usual during holiday period), are discounting a 100,000 car by 10,000. Also other incentives. Could be a good time to buy. |
_________________
johnboy88 |
|
|
|
|
taijicn
Lurker
Joined: Sep 18, 2008
Posts: 34
Status: Offline
|
| Posted:
Oct 05, 2008 - 05:32 PM |
|
|
The shanghai car plate went down a bit last month. Medium price is: 31000 RMB.
The selling price didnot go down much as expected.
The link: www.carrenting.cn might be useful. |
|
|
|
|
|
|
LoveBoxStorage
Raver
Joined: Sep 25, 2008
Posts: 381
Location: Shanghai
Status: Offline
|
| Posted:
Oct 06, 2008 - 09:40 AM |
|
|
I'm guessing that your insurance premium would be about RMB 4,000 to 6,000 / year. The largest component of the insurance fee is probably the third party liability, which will cover you if you hit someone and injure them and / or their property.
Different manufacturers will discount depending on the relative demand for a given model. For example, when we were looking at a Camry last year, it was quite hot in the marketplace. Thus, Toyota gave no discount (regardless of our walking away). On the other hand, the VW dealer was willing to discount the Passat a decent bit because it was losing market share.
I have a good friend who has the Tida. He's been reasonably happy with it so far, even though he's banged it up quite a bit. |
_________________
Get Self Storage Without BS - Guaranteed! www.loveboxstorage.com |
|
|
|
|
fammira
Barker
Joined: Mar 20, 2006
Posts: 156
Status: Offline
|
| Posted:
Oct 06, 2008 - 12:48 PM |
|
|
thanks lovebox
as you mention, market conditions might influence the purchase
I want to go to try Nissan Tida and Suzuki SX, drive both first, then discuss about the price.
I like Tida cause it's a small economic car that looks quite spacious and well done indide.
Also considering that I will buy in a small town might be an issue to mention, probably buying in Shanghai is another story.
Will let you know.. |
|
|
|
|
|
|
Celso
Barker
Joined: Aug 08, 2007
Posts: 144
Location: Shanghai
Status: Offline
|
| Posted:
Oct 06, 2008 - 02:54 PM |
|
|
This was what we paid on an Odyssey
Car: 257800rmb
Insurance: 6900rmb (we will pay according to the bill)
Tax: 22000rmb
Carpet, reverse radar1800rmb
incidental expenses：1500rmb
Plate: 34400rmb
Total is 324400rmb.
Insurrance is more than mentioned here but still really cheap and well worth it in Shanghai - so easy to scratch in traffic |
|
|
|
|
|
|
underh20
Board Legend
Joined: Sep 27, 2006
Posts: 12702
Location: Veggie-Free Zone
|
| Posted:
Oct 06, 2008 - 06:48 PM |
|
|
^ Insurance sounds about right. The rate depends on the make, model and price of the car.
If you get financing, you must buy insurance for the entire life of the loan -- in advance. |
_________________
"If I need to buy a TV, I'll definitely buy a Japanese TV. A Chinese TV might explode." -- Jackie Chan |
|
|
|
|
root
SuperStar
Joined: Oct 06, 2008
Posts: 1300
|
| Posted:
Oct 06, 2008 - 07:15 PM |
|
|
Fiat Weekend AT 1.5 costed for 100k + 3k insurance. |
|
|
|
|
|
|
fammira
Barker
Joined: Mar 20, 2006
Posts: 156
Status: Offline
|
| Posted:
Oct 06, 2008 - 09:01 PM |
|
|
I also believe that for a 100k car, a fair insurance yearly premium should be around 3k |
|
|
|
|
|
|
beyself
Newbie
Joined: Sep 30, 2008
Posts: 1
Status: Offline
|
| Posted:
Oct 06, 2008 - 11:56 PM |
|
|
As I know, the lowest price for TIIDA 1.6 MT is about 90K in Shanghai city. You can find a 4S store to have a trial-drive. The basic insurance premium is about 3K.But you have to pay other fees, such as taxes,registration plate ect. |
|
|
|
|
|
|
|
|
Forum FAQ
Search
Preferences
Watched Topics
Log in to check your private messages
Log in
