Car buying questions
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If the dealer says for example $80k OMV $10k. what does that mean??
What does OMV means and how much do i have to pay if he says the price above? add the price and omv or what????
and how much Insurance you are likely to pay for a turbo car eg. wrx sti.
dont comment that im dumb coz i havent bought a car in sg b4..
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omv is the open market value.... the price u pay will be the price he quote u...
insurance is v subjective, for an STi, insurance is abt 4k by NTUC for an 40yrs old guy with no NCD... for an 20yrs old guy will be ard 7-8k for STi, n they may not accept ur policy oso.... -
ic... what does the open market value meanOriginally posted by [A]J:omv is the open market value.... the price u pay will be the price he quote u...
insurance is v subjective, for an STi, insurance is abt 4k by NTUC for an 40yrs old guy with no NCD... for an 20yrs old guy will be ard 7-8k for STi, n they may not accept ur policy oso....
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Here's what i found..Originally posted by tsubi:ic... what does the open market value mean
It stands for Open Market Value.
OMV is assessed by the Customs & Excise Department, taking into account purchase price, freight, insurance, handling and all other charges incidental to the sale and delivery of the car from country of manufacture to Singapore.
Click HERE -
Hi Motorimage is offering the Insurance for the WRX MY03 (non STI) for arnd $1800 by AIG based on 20% NCD. On profile of 35yrs old, clean records N more than 10 yrs driving experience.
NO test drive until u put down $8000 .
So if young ,new driving experince. it might go to 7K..some of de guys here are right!
The stock WRX with 225BHP is more fun to drive .more control, STI is more brutal. With the STI be careful when going corners that you keep the boost down below 4000rpm or else ......
The LSD on standard WRX is mechanical n u can really feel it working.
Hope it helps.