MAS Imposes Financing Restrictions on Motor Vehicle Loans

[Reeve]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Same previous GTI with coe of $7k+.
You must be on vagsg forum, no wonder your nick sounds familiar.

yes on vagsg. i missed my GTI, should have kept it. hate my previous Audi haha

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Sigh time to relook gokarting and zhnging my RC car.

 

[MW]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I am going to respray my car every 2 years and say I bought new car!

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Tonight I going home to respray my Land Rover D90

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RC car

 

[porky88]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

noob question...
how to get new car plate number? can do it yourself?

 

[chershen]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

The rule will relax once ppl stop complaining of high COE and stop writing to papers asking government to let them buy affordable cars...

Go ahead and complain lor. now see what happens, LPPL, and now even worst!

those who are complaining just want the best of all the worlds, low COE and yet take 110% loan for 10 years.

WA-LAH, they heard you.

Huat ar!

 

[MW]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

The rule will relax once ppl stop complaining of high COE and stop writing to papers asking government to let them buy affordable cars...

Go ahead and complain lor. now see what happens, LPPL, and now even worst!

those who are complaining just want the best of all the worlds, low COE and yet take 110% loan for 10 years.

WA-LAH, they heard you.

Huat ar!

U hit the spot!

Singaporeans are just a bunch of whiners!

 

[Darth Vader]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

2nd hand car can take 100% loan but limited to 5 years ?

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

2nd hand car can take 100% loan but limited to 5 years ?

no still 50%

but yes, 5 yr old car can take 5 yr loan. i think.

 

[MW]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Some dealers are offering in-house loan of 100% and $0 drive-away. Just look at sgcarmart's listings today..

 

[wt_know]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

macam usa scheme ... drive on leasing but come with heavy penalty
dealers are blood sucker ... given any chance they want to suck you dry

Some dealers are offering in-house loan of 100% and $0 drive-away. Just look at sgcarmart's listings today..

 

[mojoe]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Ccb 50% is too low n 5 years too short. Should go back to previous 70% n max 7 years

I actually don't mind the 5 years since my current ride is on 5 years and my previous ride was 4 years. But the 50% is siong... for a 200k car, you have to down 100k. At such a low interest rate now, it is better to keep the cash and put it somewhere instead of tied to a liability. Every 10k you put in only save you a few hundred dollars, it is the number of years that will kill you. So for the last 2 cars I had, I went with shorter tenure but lower down-payment.

This changed the game far too much with shorter tenure and higher down. Siong for young family who wants to have a car.

Heng I just changed...

 

[Reeve]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Some dealers are offering in-house loan of 100% and $0 drive-away. Just look at sgcarmart's listings today..

Wah this are in house loan shark !!! hahah u can never beat the dealers, developers who have deep pockets

 

[MW]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

can anyone tell me what's the meaning of "balloon scheme"?

 

[totoseow]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

hey curious. where r those guys who predicted COE will hit 100k? n even 120k?

now all turn bears? hibernation? or u now think we gonna c 100% 20k COEs?




i know who u r...im gonna dig up n post ur names...

 

[Darth Vader]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

volkswagen jetta 1.4 tsi now got promotion at $126,800.
coe rebate at $78,000
can hoot or not?

 

[newbie88]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

the scary part is that COE never goes down... with the size of COE per bidding, you dont need a lot of buyers to keep the price stable. this is especially true for >1600cc cars.

 

[The Guardian]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

people who bought new cars in 2011 and 2012 when coe were sky high are farked.
because coe will drop to 20k and new cars will be cheaper than them.

Why farked? Just keep the car, drive and adopt a wait and see attitude.
The most, pay up the loan, fully own till it's time to scrap.

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

can anyone tell me what's the meaning of "balloon scheme"?

Balloon scheme (loan) is not what it sounds like at tzlee.com/blog

 

[mojoe]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

can anyone tell me what's the meaning of "balloon scheme"?

they give you a balloon and you blow lor... and after that, they poke your balloon and it burst in your face