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!
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...
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...
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.
MW;960489 said:Singapore will never go into recession.
.
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?
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
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
Rocky99;960500 said:How many will dare to buy, knowing that COE will drop.
totoseow;960502 said:so both u n MW r technically wrong.
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
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.
MW;960507 said:Can lend me money to buy lambo? 50% enough
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...
Darth Vader;960512 said:march still got backlogs to clear, the bomb will drop in april.
i am aiming for 20k coe.
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.
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 !!!