MAS Imposes Financing Restrictions on Motor Vehicle Loans

[Oilman]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Before dealer markup!

 

[charlietay]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

coe will be affected for Cat B.... for Cat A dont think so that much as there are still market for the famous mazda 3,etc....

 

[wt_know]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

wah ... must buy panamera ... more worth it leh ... 352% of OMV nia
opps that's before dealer markup ... panamera margin smelly smelly $150k-$200K? hehe

 

[totoseow]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

so where does this debate takes us? shall we bring it back on track? does it resolve anything? ease congestion while making cars affordable to those who need it more?

imo...it goes nowhere. the govt can use other methods to help those who need cars. ie hving seperate coe for lower income types + first owner. instead they adopted a LPPL method....n in the end i think coe gets a small knee jerk dip n prob hold 10-20k lower....n that changes nothing.

 

[MW]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I say we just go showroom and book the insecure looking M135i

 

[totoseow]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

real buyers shud go to used car dealers..show a bid n walk away. no point haggling. see who blinks. im some certain used car dealers will blink.

 

[wobbles]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

All things being said and done, debate until cows come home, ceteris paribus, long and short of it:

ONLY BUY WHAT YOU NEED

And its close relative:

ONLY BUY WHAT YOU CAN AFFORD

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Or, for the layman... I still like my version

COE drop to $30K is not for you to buy Ferrari

and that with S$5K in your bank don’t go and buy car

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Or, for the layman... I still like my version

COE drop to $30K is not for you to buy Ferrari

and that with S$5K in your bank don’t go and buy car

 

[MW]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

$5k cannot even buy Brembo GT 6 pot for F10...cb now is S$6k liao!


oops kenna spotted

 

[wobbles]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

$5k cannot even buy Brembo GT 6 pot for F10...cb now is S$6k liao!


oops kenna spotted

Spotted by LTA for illegal mod issit?

 

[kenntona]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Or, for the layman... I still like my version

COE drop to $30K is not for you to buy Ferrari

and that with S$5K in your bank don’t go and buy car

For the laymen with just $5K cash, no difference or perhaps some glimmer of hope, especially if a used Geely or a Perodua drops to $20-30K from 40K.

He cannot be worse off.

 

[Oilman]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

What's with the shouting ah? Can use small-size font anot.

 

[Baby1M]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

yah I wonder why people react with horror and roll eyes when I say "car nowadays probably need to drive full 10 years"...

Maybe from today onwards, they will nto roll eyes liao.

 

[Darth Vader]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

from today til the end of time.
when we buy car,we need think in terms of decades not years.

Maybe from today onwards, they will nto roll eyes liao.

 

[MW]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Sometimes the mind is willing but the car not willing.

Cars are built like before liao.... after 3 years automatically will sure have problems and then all will curse and swear tat BMW is a lousy car

And in another thread, another one will post he just ordered a new BMW and all will congrats him and say BMW rocks...

 

[arsenal62]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

$5k cannot even buy Brembo GT 6 pot for F10...cb now is S$6k liao!


oops kenna spotted

No worries, $5k is more than enough to buy red color Brembo GT 6 pot BBK look-a-like covers for your yam 5....put on liao really sart sart no laugh one...legal some more. Ai mai?

Simi cb now is S$6k....gold plated izzit?

 

[Baby1M]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

from today til the end of time.
when we buy car,we need think in terms of decades not years.

Maybe that is why I always use the car till 9th year+ then get another.

 

[jasonmaxima]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Sometimes the mind is willing but the car not willing.

Cars are built like before liao.... after 3 years automatically will sure have problems and then all will curse and swear tat BMW is a lousy car

And in another thread, another one will post he just ordered a new BMW and all will congrats him and say BMW rocks...

Hi, I just ordered a BMW x6M in London to compliment my summer apartment.... Please congratulate me....

 

[Soifon]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

So...

A Ferrari California with OMV $300k = $30k x 40% and $250k x 80% = $212k more.

I see...