MAS Imposes Financing Restrictions on Motor Vehicle Loans

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

to me cash rich means... a few millions in liquid assets...

to have a few hundred k liquid assets is prudence....
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Singapore will never go into recession.

Like many here have said... 7 rounds of property cooling measures yet property prices still booming.

Then u hear people complaining abt 7 cents increase in bus fares but next moment Sg Expo packed with people snapping up NATAS travel fair deals...

No wonder gahment says we are all a bunch of "noisy" people.

But heng ahh, I got my car liao...
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

porky88;960476 said:
imho... people are over reacting...

how many people u know actually buys their car with a 10 year 100% loan???!!!!
i know quite a few folks that plans with a 5 year loan... logic is that they want to change car before the 5th year... and from what i can tell.. they take 70% loan thereabouts....

70% loan to 50% loan... partially offset by a cheaper car price.. may be a very good thing... lower monthly car payments!

i met alot ang mos in Munich they buy M5 and M3 with Full loan and Zero down payment. according to my SE. it is a common thing.

He told me more than 80% of his customer do this.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

heresay.. this year's NATA's fair didn't do well... cos package all too low end liao...

irrelevant!!!!

MW;960489 said:
Singapore will never go into recession.

Like many here have said... 7 rounds of property cooling measures yet property prices still booming.

Then u hear people complaining abt 7 cents increase in bus fares but next moment Sg Expo packed with people snapping up NATAS travel fair deals...

No wonder gahment says we are all a bunch of "noisy" people.

But heng ahh, I got my car liao...
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

MW;960489 said:
Singapore will never go into recession.

Like many here have said... 7 rounds of property cooling measures yet property prices still booming.

Then u hear people complaining abt 7 cents increase in bus fares but next moment Sg Expo packed with people snapping up NATAS travel fair deals...

No wonder gahment says we are all a bunch of "noisy" people.

But heng ahh, I got my car liao...


such intelligence lek. i agree. singaporeans r like cows with a ring round their nose... govt pull this way..cow goes this way. u only rise above it if u hv shittloads of money.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

allo... SE cannot tell you all don't take loan right? then where his commission for loan come from?

Reeve;960490 said:
i met alot ang mos in Munich they buy M5 and M3 with Full loan and Zero down payment. according to my SE. it is a common thing.

He told me more than 80% of his customer do this.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

MW;960489 said:
Singapore will never go into recession.
.

that is beginning of the next big crash, we need more pple feeling this way, taking more risk, dealing with less risk monitoring n generally more positive sentiment that the sky will never fall on their heads. We're not there yet as asian bonds are overbought, so we need the rotation out of safe stuff n into hybrid risky stuff etc, then finally it resets, prob few yrs down d road :)
 
Re: Budget 2013 Arf, Omv or watever u call it

Oilman;960455 said:
Performance Motors, which distributes the BMW brand of cars, sent out text messages to its customers informing them that it was taking orders till midnight.
"Loans will be capped at 50 per cent, minimum five years, with effect from tomorrow," the text message said.


Hmm... minimum of five years or maximum?

How many will dare to buy, knowing that COE will drop.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

golfgti;960498 said:
that is beginning of the next big crash, we need more pple feeling this way, taking more risk, dealing with less risk monitoring n generally more positive sentiment that the sky will never fall on their heads. We're not there yet as asian bonds are overbought, so we need the rotation out of safe stuff n into hybrid risky stuff etc, then finally it resets, prob few yrs down d road :)


where do u get that from? less risk monitoring? i think we have risk monitoring at a level we hv never seen b4. we hv limits being trimmed all over in every financial instruments. we hv leveraged levels parred down from unlimited to limited.

all the bad news is on the table. only the unforeseen news remain unforeseen. n nobody shud make a sweeping statement on unforeseens.

so both u n MW r technically wrong.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

i know of a few blokes .. profit from one trade can buy car upfront... profit from a few trades can buy house upfront!!!

but i also know of a few blokes.. lelonging their underwear and panties....

golfgti;960498 said:
that is beginning of the next big crash, we need more pple feeling this way, taking more risk, dealing with less risk monitoring n generally more positive sentiment that the sky will never fall on their heads. We're not there yet as asian bonds are overbought, so we need the rotation out of safe stuff n into hybrid risky stuff etc, then finally it resets, prob few yrs down d road :)
 
Re: Budget 2013 Arf, Omv or watever u call it

Rocky99;960500 said:
How many will dare to buy, knowing that COE will drop.



again this is not very optical. we hv seen herd instincts. on both side..or on no sides (sidelined).

cars r very tangible in singaporean context. u either need it or u want it. optically speaking. most will loook at these measures n wait out. in the end i personally think u hv kneejerks n then a new trend builds in itself. i dun c a crash.....any downs from here will make bull herds step in....i would. because i want.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

in the next few days , all banks will PUMP OUT "Personal loan" promotion for people to cover this 50% cash up front.....huat ah
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

totoseow;960502 said:
so both u n MW r technically wrong.


Can lend me money to buy lambo? 50% enough
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

matrock said:
in the next few days , all banks will PUMP OUT "Personal loan" promotion for people to cover this 50% cash up front.....huat ah

That will be ultimate stupidity, to drain one's savings, adds high interest leverage and still gotta pay monthly for both loans !!!
 
Re: Budget 2013 Arf, Omv or watever u call it

by this logic.. march will be a good time to get a coe then...
best time to buy is when there is fear coupled with uncertainty...


totoseow;960504 said:
again this is not very optical. we hv seen herd instincts. on both side..or on no sides (sidelined).

cars r very tangible in singaporean context. u either need it or u want it. optically speaking. most will loook at these measures n wait out. in the end i personally think u hv kneejerks n then a new trend builds in itself. i dun c a crash.....any downs from here will make bull herds step in....i would. because i want.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

MW;960507 said:
Can lend me money to buy lambo? 50% enough


can brand new i charge u flat rate. 5% effective 5 yrs maximum loan.
 
Re: Budget 2013 Arf, Omv or watever u call it

march still got backlogs to clear, the bomb will drop in april.
i am aiming for 20k coe.
volkswagen jetta 1.4 looks good.omv below 20k and got 10k cev rebate.
hopefully can get it for 70k......



porky88;960509 said:
by this logic.. march will be a good time to get a coe then...
best time to buy is when there is fear coupled with uncertainty...
 
Re: Budget 2013 Arf, Omv or watever u call it

highly possible.. if the demand collapse for the whole of march...
knn...make me itchy liao.. what's the omv for a 86?

Darth Vader;960512 said:
march still got backlogs to clear, the bomb will drop in april.
i am aiming for 20k coe.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

totoseow;960502 said:
where do u get that from? less risk monitoring? i think we have risk monitoring at a level we hv never seen b4. we hv limits being trimmed all over in every financial instruments. we hv leveraged levels parred down from unlimited to limited.

all the bad news is on the table. only the unforeseen news remain unforeseen. n nobody shud make a sweeping statement on unforeseens.

so both u n MW r technically wrong.

u said it, we have high risk monitoring now which means still awhile to go before a big global crash, so what will cause less monitoring, when europe n US "recovers", SNP500 hits 1700++ etc, n the hindsight economists come out n say oi dun so kiasu lah world has recovered so go take more n more risk.

Already the first month this year saw record stock fund inflows globally from japan to USA, so we can see $$ moving from safer overbought bonds to riskier stocks.

we havent even seen US interest rates rise yet, which is the early signals of recovery, which is the beginning of the end, IMO a few more yrs.
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

kenntona;960508 said:
That will be ultimate stupidity, to drain one's savings, adds high interest leverage and still gotta pay monthly for both loans !!!

u will be surprised how many stupid people out there who will do this..
 

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