Autoworld
Autoworld.com.my  

Welcome Guest ( Log In | Register )

2 Pages V   1 2 >  
Reply to this topicStart new topic
> Question On Ncd
SmallBug
post Mar 21 2012, 08:27 AM
Post #1


Tokyo Drifter
***

Group: Members
Posts: 4,919
Joined: 27-January 02
Member No.: 18,097



Just say, I sell off my car which is already enjoying the maximum 55% NCD and I don't buy a new car until a few years later. Will the NCD rate decrease from the time I sell off my old car, and I subsequently can't enjoy 55% on the new car? What is the rate of decrease?

Thanks.


--------------------
!
Go to the top of the page
 
+Quote Post
MASsenger
post Mar 21 2012, 09:03 AM
Post #2


Fast & Furious
***

Group: Members
Posts: 1,355
Joined: 9-January 03
Member No.: 24,577



QUOTE (SmallBug @ Mar 21 2012, 08:27 AM) *
Just say, I sell off my car which is already enjoying the maximum 55% NCD and I don't buy a new car until a few years later. Will the NCD rate decrease from the time I sell off my old car, and I subsequently can't enjoy 55% on the new car? What is the rate of decrease?

Thanks.

55% is max NCD. it wil not get any lower no matter how long. Correct me, but I think you cannot let the NCD lapse by more than one year. Meaning if you sell your car,you should buy the next car within one year of the expiry of present inc.


--------------------

The REALdeal

Go to the top of the page
 
+Quote Post
fkmfkm
post Mar 21 2012, 12:04 PM
Post #3


White Lightning
***

Group: Members
Posts: 5,021
Joined: 24-February 04
Member No.: 34,314



QUOTE (SmallBug @ Mar 21 2012, 08:27 AM) *
Just say, I sell off my car which is already enjoying the maximum 55% NCD and I don't buy a new car until a few years later. Will the NCD rate decrease from the time I sell off my old car, and I subsequently can't enjoy 55% on the new car? What is the rate of decrease?

Thanks.


each year lapse u drop one level...

Go to the top of the page
 
+Quote Post
vr2turbo
post Mar 21 2012, 01:57 PM
Post #4


Forum Ninja
*********

Group: Members
Posts: 65,757
Joined: 11-November 04
From: Petaling Jaya
Member No.: 41,856



QUOTE (fkmfkm @ Mar 21 2012, 12:04 PM) *
each year lapse u drop one level...

Are you sure? I think must buy car within a year as mentioned by bro. Massenger...... smile_tongue.gif


--------------------
Go to the top of the page
 
+Quote Post
SmallBug
post Mar 21 2012, 07:49 PM
Post #5


Tokyo Drifter
***

Group: Members
Posts: 4,919
Joined: 27-January 02
Member No.: 18,097



So that means, if I sell my car in April this year.. then buy a new car NEXT YEAR July.. I'd get 45% only? Must buy within a year to maintain at 55%?


--------------------
!
Go to the top of the page
 
+Quote Post
acheong7
post Mar 21 2012, 10:24 PM
Post #6


Veteran
**

Group: Members
Posts: 155
Joined: 23-September 11
Member No.: 111,699



QUOTE (SmallBug @ Mar 21 2012, 08:27 AM) *
Just say, I sell off my car which is already enjoying the maximum 55% NCD and I don't buy a new car until a few years later. Will the NCD rate decrease from the time I sell off my old car, and I subsequently can't enjoy 55% on the new car? What is the rate of decrease?

Thanks.


confirm your NCB will dry up and expire
happened to me ... total burn
no idea bout the rate of decrease but i assume it's the reverse of how we accumulate the 55%
a quick check with your agent should clear any doubts
Go to the top of the page
 
+Quote Post
MASsenger
post Mar 22 2012, 08:55 AM
Post #7


Fast & Furious
***

Group: Members
Posts: 1,355
Joined: 9-January 03
Member No.: 24,577



QUOTE (fkmfkm @ Mar 21 2012, 12:04 PM) *
each year lapse u drop one level...

This actually makes sense,but do you think Inc Co's are interested in making sense! They only want to make max profit. Check it out with agents.


--------------------

The REALdeal

Go to the top of the page
 
+Quote Post
fkmfkm
post Mar 22 2012, 09:33 AM
Post #8


White Lightning
***

Group: Members
Posts: 5,021
Joined: 24-February 04
Member No.: 34,314



QUOTE (SmallBug @ Mar 21 2012, 07:49 PM) *
So that means, if I sell my car in April this year.. then buy a new car NEXT YEAR July.. I'd get 45% only? Must buy within a year to maintain at 55%?



dont pass 1 year you will still get 55%.
Go to the top of the page
 
+Quote Post
vr2turbo
post Mar 22 2012, 11:16 AM
Post #9


Forum Ninja
*********

Group: Members
Posts: 65,757
Joined: 11-November 04
From: Petaling Jaya
Member No.: 41,856



QUOTE (fkmfkm @ Mar 22 2012, 09:33 AM) *
dont pass 1 year you will still get 55%.

So what happens after 1 year? 45% or 0%?
Any members knows for sure? smile_question.gif


--------------------
Go to the top of the page
 
+Quote Post
fkmfkm
post Mar 22 2012, 12:28 PM
Post #10


White Lightning
***

Group: Members
Posts: 5,021
Joined: 24-February 04
Member No.: 34,314



QUOTE (vr2turbo @ Mar 22 2012, 11:16 AM) *
So what happens after 1 year? 45% or 0%?
Any members knows for sure? smile_question.gif



<= remain
1-2 year -1
2-3 year -2
3-4 year -3

and so on....
Go to the top of the page
 
+Quote Post

2 Pages V   1 2 >
Reply to this topicStart new topic

 





RSS Lo-Fi Version  |  Powered By IP.Board © 2008  IPS, Inc Time is now: 23rd April 2014 - 11:30 PM