MAS Imposes Financing Restrictions on Motor Vehicle Loans
- Thread starter C3P0
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Jason8822
Well-Known Member
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
Meek,
I get your point now.
Theoretically Leasing and Hire Purchase are different ... elsewhere
But you are poking at the main focus of this thread and you are right in singapore context, we only hire purchase the right to own a car from ......
Friend of mine also told me this way too.
Jason : wa friend you buy factory liao ah ?
Friend : no i did not buy, only lease it for 60yrs
Meek,
I get your point now.
Theoretically Leasing and Hire Purchase are different ... elsewhere
But you are poking at the main focus of this thread and you are right in singapore context, we only hire purchase the right to own a car from ......
Friend of mine also told me this way too.
Jason : wa friend you buy factory liao ah ?
Friend : no i did not buy, only lease it for 60yrs
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
I think the govt has saved 235 ppl from being saddled with overpriced cars. I m sure when times were good n the dealer was making 8-10k for each car, he didn't email the mp saying he had too much profit n he wants to donate some to the ppl. This is life, if the guy can hold 235 cars it means he is a big player in the car industry, I'm sure he has means to tide over.
kenntona;964578 said:
I think the govt has saved 235 ppl from being saddled with overpriced cars. I m sure when times were good n the dealer was making 8-10k for each car, he didn't email the mp saying he had too much profit n he wants to donate some to the ppl. This is life, if the guy can hold 235 cars it means he is a big player in the car industry, I'm sure he has means to tide over.
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
Ppl are complaint abt the rules but the Coe will reflect the true impact of this rule. If the Coe drops to 2005-6 levels car prices drop 70-80k. So currently for a corolla at 140k(i assume) u put 30k for 20% n take 110k loan. If it drops to 80k u put 40k n take 40k loan, which better?. This rule will benefit the buyer in the long run.
Ppl are complaint abt the rules but the Coe will reflect the true impact of this rule. If the Coe drops to 2005-6 levels car prices drop 70-80k. So currently for a corolla at 140k(i assume) u put 30k for 20% n take 110k loan. If it drops to 80k u put 40k n take 40k loan, which better?. This rule will benefit the buyer in the long run.
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans
I find a lot of business are underpaying their workers( not in reference o the above business) If these workers are paid their true value I'm sure some will be in the s pass n entry level ep. The problem is the bosses need to pay low wages bc of high cost of other items such as rentals that are killing the them. The govt needs to tackle this.
im in healthcare, the biggest cost is rental, this leads to higher charges. If the govt is really keen on bringing down cost they could allocate subsidized or free rentals (like RCs) n the clinics in these places have to operate at prices set by MOH. There are lots of "rich" drs in their 50s 60s who I'm sure wouldn't mind working in these places as a form of social service. Sort of a "not for profit" social enterprise. But even our public hospitals are profit driven
Likewise they could do the same for essential services.
but this just based on my limited knowledge.
kenntona;964590 said:
I find a lot of business are underpaying their workers( not in reference o the above business) If these workers are paid their true value I'm sure some will be in the s pass n entry level ep. The problem is the bosses need to pay low wages bc of high cost of other items such as rentals that are killing the them. The govt needs to tackle this.
im in healthcare, the biggest cost is rental, this leads to higher charges. If the govt is really keen on bringing down cost they could allocate subsidized or free rentals (like RCs) n the clinics in these places have to operate at prices set by MOH. There are lots of "rich" drs in their 50s 60s who I'm sure wouldn't mind working in these places as a form of social service. Sort of a "not for profit" social enterprise. But even our public hospitals are profit driven
Likewise they could do the same for essential services.
but this just based on my limited knowledge.
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