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Shanghai plates - price and advice
Hi MCMers,
*Moderator, if I posted this wrong I am sorry, didn't know where to go*
It has come to a time where I'm in need of you MCMers updated expert opinions and advice again concerning price and getting plated in Shanghai. I've read plenty of post by bikerdoc and euphonius, how to get legal and plated and such, but couldn't find anything related to my headaches.
I went to this Benelli shop on Pubei Road this weekend (Saturday) and I immediately fell in love with the white Benelli with its red decor. I asked a young guy how much a Hu A plate would cost and he replied 80.000RMB. Today (Monday), when I called back and talked to an older woman (probably the owner or the owner's wife), she said the price plate was now up to 85.000RMB! The price was given to her by a 黄牛 "yellow cow", some guy who deals with plats and related. And to my surprise, it was a Hu B plate(?).
My question is; is the price given legite? I mean, it was 70.000RMB last month and it keeps heading north in a pretty fast pace. And what's the different between a Hu A and a Hu B? According to the older lady in the shop, there is no different. You can still drive in the inner circle with it, just that in the old time Shanghai, Hu A was for some kind of special vehical and then things changed, Hu A was then equal to Hu B. Is this information also legit?
I've been reading a post (I think it was by euphonius') when he got his steed plated and what a hassle it was. So I decided to ask the shop to plate it for me, just to avoid the inconvenience. How does this procedure usually go? I know that the shop charge a fee for doing this but since the plate cost 85.000RMB(!) could the fee already be included? Or are they trying to scam me now that they now I want to buy the beauty?
Some thoughts and advices are highly appreciated.
/Jackie
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Re: Shanghai plates - price and advice
Sorry, don't know about the differences between Shanghai A and Shanghai B plates (actually, I have never heard of Shanghai B plates).
Anyways, I do know that many bike dealers in Beijing add at least 5K to the market price of a plate (Beijing is like Shanghai, inasmuch as A plates are in the secondary market). It is just pure profit for the dealers, usually inflicted upon foreigners. The dealer for one expensive foreign brand, in Beijing, adds at least 10K.
Wow, 85K ... expensive, but an investment, I guess.
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Re: Shanghai plates - price and advice
Same here, not heard about a B plate, but it is possible.
We bought a Benelli for my friend at the same shop last month, and had the same problem.
There are/were no motorbike Hu-A plates avaiable in the market, hence the only (small) supply is from the yellow-man.
Don't have to tell those how to make money on it, pity for you.
My Chinese friend was in a big hurry to have the plate, not the bike, just for this.
He predicts it will be 100k soon, guess he is right.
E.
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
998S
Same here, not heard about a B plate, but it is possible.
A friend (AJ) has a real Shanghai "B" plate and rego on his BMW 1200GSA bought from Joy Motor (Jimmy)......
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Re: Shanghai plates - price and advice
Thanks for the info guys and I also did some investigation on my own. Hu A and Hu B are apparently equal, just that when they are running out of numbers on Hu A, they go with Hu B, Hu C and so on.
Quote:
Originally Posted by
998S
He predicts it will be 100k soon, guess he is right.E.
Yes, that's why I went for it and bought a white one yesterday and coughed up 85000 for deposition and the damn plate. Still got 39800 for the bike and 5200 I didn't really know what I was paying for. Some mandatory insurance and other strange fees I guess. Now I just have to do the driver license switch. That's an interesting adventure too I heard.
However, I can't say that the shop owner wasn't helpful (atleast I guess the older woman was the owner). But on second thought, I'm buying a freakishly expensive toy so why wouldn't she be helpful? Just hoping that the maintenance service there is good and proffesional.
Quote:
Originally Posted by
Lao Jia Hou
Wow, 85K ... expensive, but an investment, I guess.
That's what I'm hoping too...:deal:
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
JackieYuen
Hu C....
limited driving in the suburbs only, not allowed to enter all districts inside the outer ring road (S20) cost under 10000RMB last time i checked during my Jialing sidecar registration.
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
TB-Racing
limited driving in the suburbs only, not allowed to enter all districts inside the outer ring road (S20) cost under 10000RMB last time i checked during my Jialing sidecar registration.
True! My bad, my brain must been taking a time-out while writing that. Also checked the price for Hu C, price is 14000 now.
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
JackieYuen
... the price for Hu C, price is 14000 now.
WOW! Plates are better investments than shares in Apple!
I think Euphonius commented a while ago that the Shanghai A plates can be converted into car plates, but can't be switched back. That can only mean one thing - a continually diminishing supply of premium plates in Shanghai. Add to this the increased demand as new bike models are being offered.
Maybe one day you can trade your legal bike for a new apartment!
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Re: Shanghai plates - price and advice
Hey Guys,
More confusion... I have a 2011 Yamaha YBR250 with Hu A plates. I'd like to sell the Hu A plates and get Hu C plates on my bike. But owner of the shop I go to says I cannot do this.
Supposedly, once a motorcycle has been registered with A or C plates, and they've been removed, it can no longer be registered in Shanghai. Then it can only registered in a wai di - risking confiscation in Shanghai. This also reduces the value of the bike since it can no longer be ridden in SH...
Does anyone know if this is true or any light to shed on the matter?
Thanks!
Ben
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Re: Shanghai plates - price and advice
True, same as for cars.
Keep the Hu-A plates, you make money without doing anything.
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1 Attachment(s)
Re: Shanghai plates - price and advice
Ai yo, that means the bike has to go with the plates. In that case, anyone want to buy a fastidiously maintained 2011 Yamaha YBR250 w/ Shanghai Hu-A plates, 19,500 km for 95,000 RMB?
I'll post this properly when i have time this weekend...
Attachment 9156
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
Tuna
Ai yo, that means the bike has to go with the plates. In that case, anyone want to buy a fastidiously maintained 2011 Yamaha YBR250 w/ Shanghai Hu-A plates, 19,500 km for 95,000 RMB?
I'll post this properly when i have time this weekend...
Attachment 9156
Why don't you sell the bike without the plates, so that you can keep the highly sort after Hu A plates for your next bike? If you have moved and live in the Hu C area, I'd still be tempted to keep the Hu A plate and apply it to your next bike. Can you not sell the YBR250 second hand, pay the sales tax etc so that the new buyer (if in SH or not) can get issued new plates? Seems to me that surely must be possible. You just need to separate the YBR from that set of plates to transfer to YOUR new bike. It's the plates that have the value, so if it were me I'd flick the bike and keep the plates. Or have I missed something?
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Re: Shanghai plates - price and advice
Thanks bikerdoc. Background is I've come upon some expenses I need to take care of and I'd like to sell the plates for the cash. Ideally I sell the Hu A and put on Hu C.
But if I separate the bike from plates, the bike can't be replated with either A or C. This also means I'll only be able to get 5-6K rmb for the bike, says my bike shop guy.
The bike was 28k rmb after taxes etc about 18mo ago. So if all this is true, I can either sell plates alone and lose value on the bike or sell bike + plates all together.
Doesn't really make sense. Surely there are plenty of ppl not in SH who would pay 15k for the bike, who don't care about SH plates...
:confused1:
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Re: Shanghai plates - price and advice
I wouldn't sell my bike to a fellow motorcyclist, even less to a shop owner...
Till the plate is on it your bike value is boosted.
Just refuse to sell separately.
I think there are plenty people in SH who would pay +100K for ur bike and the plate, sell the bike for whatever the shop guy says or maybe even scrap it, and plate a brand new Audi...
I would write an announce on some cars buyers forums, wonder where to find that tho...
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Anyone knows if one can own more than one 沪A plate?
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
braillce
sell the bike for whatever the shop guy says or maybe even scrap it, and plate a brand new Audi...
.....and taking another motorbike plate of the road in the progress.....
Quote:
Originally Posted by
braillce
Anyone knows if one can own more than one 沪A plate?
short while ago someone told me foreigners can have two motorbike "A" plates now, not sure really, just run them through a company and you can have as many as you like as long you pay the $$$$$'s.....
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
braillce
I think there are plenty people in SH who would pay +100K for ur bike and the plate, sell the bike for whatever the shop guy says or maybe even scrap it, and plate a brand new Audi...
I would write an announce on some cars buyers forums, wonder where to find that tho...
...
I've said this before, but it seems worth saying again. Every time someone takes a Hu A plate off a bike and puts it on any Audi (or any other car), they reduce the stock of available motorcycle plates by one, thus increasing scarcity and demand and prices. Yes, you are free to do this, but since the government is issuing new plates for cars every month at auction, and the price is the same, it would be far kinder to your fellow motorcyclists to buy a car plate for your new car, rather than reducing the number of plates available for motorcycling.
cheers
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
Tuna
Doesn't really make sense. Surely there are plenty of ppl not in SH who would pay 15k for the bike, who don't care about SH plates...
:confused1:
.
So really, some one like myself, living in Weifang, Shandong province, where there are no (known) restrictions on plates, could buy your bike, and have it shipped up here for plating?
Or am I off on a stupid mission again ?
Gra.
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
Graham
.
So really, some one like myself, living in Weifang, Shandong province, where there are no (known) restrictions on plates, could buy your bike, and have it shipped up here for plating?
Or am I off on a stupid mission again ?
Gra.
Yeah Graham, I think that would or should be doable. I sold a CF250T-F VIP scooter to a German guy living in SH and he got that registered and plated in SH, even though we did it with a new Ningbo plate in his German name at the time. We did it all legal, with second hand sales tax invoice etc. So should be something that can be done... but as always TIC! User beAware.
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
euphonius
[...] Every time someone takes a Hu A plate off a bike and puts it on any Audi (or any other car), they reduce the stock of available motorcycle plates by one, thus increasing scarcity and demand and prices.[...]
The price is the same as the car plate.
Increasing scarcity & demand actually don't change it, which I don't really understand.
Probably cause there still is tons of em roaming the streets...
Quote:
Originally Posted by
TB-Racing
[...]short while ago someone told me foreigners can have two motorbike "A" plates now, not sure really, just run them through a company and you can have as many as you like as long you pay the $$$$$'s.....
I don't have a company, but I'll ask a shop guy to confirm that two A plates for foreigners rumor...
Thx.
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
braillce
The price is the same as the car plate.
Increasing scarcity & demand actually don't change it, which I don't really understand.
Probably cause there still is tons of em roaming the streets...
Well, they DO change.
There are hardly any plates available, and the prices on the black market are much higher then the auction prices, perfectly reflecting the supply and demand ....
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Re: Shanghai plates - price and advice
As 998S noted, in recent months there has been a growing gap between the price of a car plate at auction and a bike plate in the secondary market, and this will continue to be the case. It sounds as if you don't much give a shit about the growing scarcity and how it affects other riders, but I hope others will do their best to keep bike plates on bikes.
In the case of Fred's old YBR250, now in Tuna's hands, the best approach would be to delink the Hu A plate from the YBR, sell the YBR outside of Shanghai -- and we already have a candidate buyer in Weifang -- and then apply the Hu A plate to a new bike. This way Tuna has a legally plated bike that he wants, and continues to hold the Hu A plate, which is a buoyant asset. And Tuna does his bit to keep the pool of Hu A plates from shrinking.
cheers!
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
euphonius
[..]It sounds as if you don't much give a shit about the growing scarcity and how it affects other riders [...] And Tuna does his bit to keep the pool of Hu A plates from shrinking.
cheers!
Those laws are a machine to remove legit bikes from town, and its engine is people's taste for money, that is not going to stop.
If no friend of mine wants it when I live, I'll feed the machine and sell it to anyone ready to pay the 2nd hand market price plus my (boosted) bike price...
I'll help a fellow motorcyclist (or even a fellow citizen for that matter) by giving my own blood if it can help, and I give to beggars, but I won't give that money.
U can drive without the 沪A, are all local driving registered vehicles? It's just an investment.
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
braillce
I don't have a company, but I'll ask a shop guy to confirm that two A plates for foreigners rumor...
Thx.
Hi there,
Yes as a foreigner you can have 2 license Hu A plates under your name. I bought my first Hu A 3 years ago and my second one last August...
Cheers,
Nicolas
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
nicolast
Hi there,
Yes as a foreigner you can have 2 license Hu A plates under your name. I bought my first Hu A 3 years ago and my second one last August...
Cheers,
Nicolas
I talked about buying a second one with a shop owner on sunday.
Yellow 沪A => 86K this December.
I guess I'll buy either a 80cc (7.5K) scoot or a small 125cc (???K) moto to "attach to the plate"...
What did u plate with ur 2nd 沪A?
He also told me it may go down a bit in Jan & Feb. ???
I think I remember it did go down at CNY period sometime in the past.
I'm afraid I'll wait till Jan, then the shop owner might say:
96K, sorry, didn't think it'd go up.
Any insight?
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Re: Shanghai plates - price and advice
Difficult to say as there is no rules but I also notice that there is some period to buy/sell...July/August are quite low usually and then go up from September to January. Few days before or after the CNY there is a slow down as I remember. if you look your license plate as a pure investment and not in the rush then better ask a real Shanghainese that now more about the strategic timing.
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1 Attachment(s)
Re: Shanghai plates - price and advice
Quote:
Originally Posted by
nicolast
Difficult to say as there is no rules but I also notice that there is some period to buy/sell...July/August are quite low usually and then go up from September to January. Few days before or after the CNY there is a slow down as I remember. if you look your license plate as a pure investment and not in the rush then better ask a real Shanghainese that now more about the strategic timing.
Just asked my workmate to help on a little search on some Chinese official website about cars.
Indeed july august is the right time, too late for me now, best do it now.
Attachment 9370
I bought my 1st plate in November 2010 for 44K, talking about strategic timing...
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Re: Shanghai plates - price and advice
Interesting trends and you can clearly see that CNY provide lower prices usually but the summer effect is not as important as I thought except this year...Good luck mate!
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Re: Shanghai plates - price and advice
Am I reading this correctly 。。。 户A plates are now 130K rmb?
Shanghai A plate prices
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Re: Shanghai plates - price and advice
Quote:
Originally Posted by
Lao Jia Hou
Am I reading this correctly 。。。 户A plates are now 130K rmb?
Yes, if you can get a Shanghai "A" plate on the second hand plate market,just before CNY couple of new HD owners (110th. Anniversary HD bikes) just put a lot of $$$'s on the table to get bikes regoe'd before CNY.
Even Shanghai "C" plates have a waiting list now and they go for around 13-15K now.....
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Re: Shanghai plates - price and advice
might affect Shanghai bike plates in some ways.....
City ready to cool market for car plates
SHANGHAI DAILY NEWSPAPER
Mar 20, 2013
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SHANGHAI is to take further measures to rein in car plate prices if current curbs on speculation fail to cool this month's auction, the city government said yesterday.
The average price for a Shanghai car plate has set new highs for eight straight months, surpassing the 80,000 yuan (US$12,872) benchmark in February and making the little metal plate almost three times more expensive than the cheapest car on the market.
"Car plate prices have recently gone beyond our imagination," Vice Mayor Jiang Ping said yesterday. "We need to take various means to bring them down."
New policies in the works include reserving new car plates for new cars only, organizing separate auctions for individual and corporate participants, and including second-hand car plate trading in the new car plate bidding system.
The first solution, aimed at enforcing a new rule that extends the holding period before a plate can be resold, may further push scalpers out of the game while the second would ease competition for individual buyers as corporates were often less price-sensitive, Jiang said.
The third solution is designed as the next stage of a policy introduced last Friday, which forbids second-hand car plates being sold for more than the latest average price for a new one starting from this month's auction.
To that end, the government is to strengthen its management of used car dealers, and keep a closer eye on illicit methods such as creating two different contracts to hide car plate prices from the authorities.
The government is also trying to improve the online auction system to make it easier for ordinary people, Jiang said.
Currently, many bidders hire proxy agencies. But they have been suspected of using special software to intercept bidding data and calculate the potential lowest successful bid near closing, cutting better deals for their clients at the expense of other participants.