Car Incentive and Car Fund.... lets find out the truth !
There are 2 car incentive in venture era, premium and luxury. lets talk about premium since BM can only go for that incentive.
To achieve premium car incentive, you need to complete 60,000 PV in 3 months. thats about 56 units of Fresh Air, $145,000 CASH COLLECTION. What do VE give back in return? a mere $5,000 downpayment for your car... pathetic? $5,000 out of the $145,000 cash collected.
Upon getting your car, you can qualify for the Car fund. car fund is taken out from company monthly turnover of 8%. is it alot? is the sales leader really earning money from driving those BMW etc ? NO!
lets do some simple maths.
2009 May VE sales turnover : 70,000 PV. Car fund : 8% x 70,000 PV = $5,600.
$5,600 is being shared by how many car achievers with cars on the road ? more than 10 !
that means each only get $560 ! OMG! that cant even covered the roadtax and insurance cost ! the cost of maintaining a BMW is at least $1,500 monthly !
what if some car achievers get more than $560? that means some car achivers get less than $560 or even $0! Why $0? because to qualify for car fund, the BGM car achiever must minimum achieved 15,000 PV ($36,000 cash) monthly or else they get nothing !
Some common VE excuses to cover up the truth.
1. Oh.. the sales turnover will increase.. so the car fund will eventually be more.
Truth: the average VE monthly sales turnover is only 80,000 PV to 140,000 PV. 140,000 PV only produce $11,200 car fund. Each car achiever get only $1,120 to maintain their car.. is it enough? NO! a normal BMW cost at least $1500 monthly while some cars like Z4 need $3000 monthly !
2. The maths calculation has no logic ! if thats the case, how come our leaders still driving those cars ?
Truth: Most of the car achievers are in DEBTS. They borrowed money through credit cards and bank loans to maintain their car when they cant qualify for car funds. Some of them borrowed money from families to keep the car. Some of them borrowed money from VE CEO or company.
3. If I'm a premium car achiever and come out a japanese brand car, it wont cost much right?
Truth: the cost of a normal japanese car like honda jazz is $1000 monthly. If you can qualify car fund EVERY month for the NEXT 10 YEARS, then you are on the right track. Otherwise, you lose money... and truth is, NO car achievers,BAM and SAM has qualified EVERY month in the history of VE.
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TRUTH: IN REALITY, HOW MANY CAR OWNERS ARE NOT IN DEBTS?
ReplyDeleteUnless an adult tt is alr like 40-60, he or she is probably in debt for like half his or her life.
So what's new?
EARN MORE MONEY TO MAKE UP FOR IT LAH
sad to say, most of them cant earn more money to make up for it. they are either late in payments most of the time, or they ask for money from their parents again and again.
ReplyDeletepathetic..