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 MM2H / REP / Talentcorp, Full CKD Cars

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dchk
post Apr 2 2015, 03:41 PM

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QUOTE(satelitewhs @ Apr 2 2015, 01:51 PM)
Looks like no one has sold their REP car after 2 years or later... I plan to sell "mine" after the 2 years limit in July this year; need to change to a MPV.
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Yah, try calling Custom is pointless. Maybe if you head to a Custom HQ to inquire maybe got some progress. I see some ppl offering to provide service which will cost RM10K-RM15K, but I feel that is too much.
dchk
post Apr 6 2015, 02:20 PM

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QUOTE(satelitewhs @ Apr 6 2015, 01:36 PM)
The Custom HQ is in Putrajaya; maybe can go to the Kelana Jaya branch to enquire. Or else go to Johor Kastam branch on a Sunday to enquire.

Anybody communicated with Daniel before? The guy offering services to sell REP cars.
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I did. The fee quoted for the service is around RM10k-RM15K. I feel it is too much as he doesn't take into the account the severe depreciation of our cars after few years and with the additional fee we need to pay him and possibly to the government, we may as well just keep the car.
dchk
post Nov 8 2015, 09:43 AM

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QUOTE(kkk8787 @ Nov 8 2015, 09:32 AM)
This program seem to encourage ppl to go oversea ? Imagine if u r a specialist or consultant...u have a choice to stay back to serve the country or go oversea for better pay..why not just go oversea and earn your bucks and try your luck, 10 years later if you want to come back you can come back as a returning expert with tons of benefits. This is in contrast with your colleague who graduated from same university as you holding same qualification but decided to serve the country out of love of the country
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What benefit? They have been reducing the benefits since the program started.
dchk
post Nov 8 2015, 09:45 AM

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QUOTE(egoiste.rm @ Nov 7 2015, 04:02 PM)
Any REP purchaser realized that buying a car with EEV incentive will incurred higher cost when we sell the car. Let’s take Mercedes C200 as example because this is the car that can compare before and after EEV price for REP.

Before EEV
Selling price RM268,888 REP price RM188,523.51 (with GST)
(Assuming a tax reduction of 30%)
After EEV price
Selling price RM248,888 REP price RM 208,870.25 (with GST)
The price increase due to EEV incentive that REP is not entitled. We have to pay the extra RM20,000.

Selling the car after 2-3 years
Estimated market price at 50% depreciation RM124,444

Cost to REP purchaser
Tax you have to pay back for selling the car based on market value RM124,444*30%=RM37,333.
REP Initial Purchase Price depreciation of 50% RM208,870.25= RM104,435.
TOTAL COST for REP RM141,768 but you can sell only at market price RM124,444. So you loose quite a lot. Even you sell after 5-7 years there is still a loss to REP buyer compare to non-REP.

Some might say just don’t buy car with EEV incentive.  There will be more car with EEV incentive in the future as the car are getting more fuel efficient.  Mazda all sky activ  engine,  Mercedes c200, Honda City CRV.  So for all REP who has not purchase the car or FUTURE REP there isn’t an incentive to us but a burden.
I have checked with TalentCorp and they will revert in 5 working days.
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Just wondering where you got the 30% tax repayment from?
dchk
post Sep 19 2016, 04:18 PM

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This thread has been dormant for a while. I would like to check if any of the current car owners of PAKAR scheme above 2 years, have you sold your car.

Car to share the procedures. What is the resale value of a similar car make & year compared to those under PAKAR?

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