MAS Imposes Financing Restrictions on Motor Vehicle Loans

[Radon39]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

it just did

 

[iScoupe]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Wahhh... Owning cars now can only be in the dreams now to many Singaporeans...
I think when from now onwards I see BMW with carplates starting SKK++ I would salute them..
COE high+50% loan+ 5 years max... Icecream leaw~
Siao leaw... Even own a car now when COE expire also hard...
Mine is a BMW 325 E93 2009 with OMV 62000 if I'm not wrong.
10 years go "tai chai" get back 31000++
Buy back same model around 300000
cash upfront 150000-31000=119000cash..
If I come out 100k cash, IRAS will hamtam me or not??
or Renew COE if it really WILL fall to 30k???
Jialat leaw... Better enjoy my joy of driving these 6 years...
PS: Thank you to my friend whom "saiko" me to buy this car and dispose my old E36...

Note: Values are just estimated and no research is done... so dun flame me~

why sell the E36 ! u could have save alot money till 2019 to down another car LOL..

hi everyone, long time no see.

 

[ac323]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

why sell the E36 ! u could have save alot money till 2019 to down another car LOL..

hi everyone, long time no see.

welcome back.........














cheeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeers

 

[jawzsg]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

why sell the E36 ! u could have save alot money till 2019 to down another car LOL..

hi everyone, long time no see.

Allooo.... AKM? .... Kekekekeekekeeke...you still alive ah?

 

[brosiss]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

the ruling applies to secondhand cars

though i think 40/50% is abit fierce

if the dealers make enough noise, this rule maybe readjusted to 30/40% i feel

lets just stay tuned and watch the next few biddings

If MAS still ignored, how?

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

LPPL lor...

 

[CMJJ]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Look for those got in house loan.

 

[Oilman]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

In other news, a new ERP gantry has been set up on Nicoll Highway towards the city, near the overhead bridge where the speed cams are hidden.

Think it's safe to conclude that the MOF, MAS and MOT/LTA all hate motorists.

 

[brosiss]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I noticed that cars on road kwai kwai now and kept quite safe driving distance now...

 

[Baby1M]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I noticed that cars on road kwai kwai now and kept quite safe driving distance now...

Fact, Fiction or Illusion?

 

[brosiss]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Factfilusion...

 

[Shev]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

There's news that PML actually increased prices with increase in ARF.

Mercedes Benz from C&C maintain price for ex-stock model.

Best of all, people are rushing in to buy Bentley with existing open cat Coe.

 

[Baby1M]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

There's news that PML actually increased prices with increase in ARF.

Mercedes Benz from C&C maintain price for ex-stock model.

Best of all, people are rushing in to buy Bentley with existing open cat Coe.

I failed to understand e rationale of 3rd sentence/line... why are they rushing in to buy Bentley now? If they can afford the upfront 50% cash (or more), isn't it better to buy before the implimentation of this new MAS rule and the 3-Tier ARF? Hmmmm.... :thinking: :thinking:

 

[Shev]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I too find it strange but it was reported in Business Times Weekend.

I think this report was referring to the Monday night sales where Wearnes was opened till midnight.

 

[Baby1M]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Agree, believe the Biz Times was probably refering to Monday night otherwise it really make no sense at all.

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I think we can now take a break after 81 pages (1620 posts on this topic, we are fucking mad!) and wait for 2-3 rounds of COE bidding.

If you really want just go ahead and bid $1,000. Maybe you will get it.

 

[Meek]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I noticed that cars on road kwai kwai now and kept quite safe driving distance now...

Where?? (10 char)

 

[diablo_728]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I failed to understand e rationale of 3rd sentence/line... why are they rushing in to buy Bentley now? If they can afford the upfront 50% cash (or more), isn't it better to buy before the implimentation of this new MAS rule and the 3-Tier ARF? Hmmmm.... :thinking: :thinking:

I think if you use the coe bidded before march the new arf doesn't take effect and thus he is implying ppl are rushing to use existing open coe

 

[porky88]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

if you use existing COE.. it's the old rules.. new arf only comes in for the new COE bidded from now march cycle onwards...

I failed to understand e rationale of 3rd sentence/line... why are they rushing in to buy Bentley now? If they can afford the upfront 50% cash (or more), isn't it better to buy before the implimentation of this new MAS rule and the 3-Tier ARF? Hmmmm.... :thinking: :thinking:

 

[Jason8822]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I failed to understand e rationale of 3rd sentence/line... why are they rushing in to buy Bentley now? If they can afford the upfront 50% cash (or more), isn't it better to buy before the implimentation of this new MAS rule and the 3-Tier ARF? Hmmmm.... :thinking: :thinking:

if you use existing COE.. it's the old rules.. new arf only comes in for the new COE bidded from now march cycle onwards...

Therefore if they buy with new coe, the arf will be much more