MAS Imposes Financing Restrictions on Motor Vehicle Loans

[Darth Vader]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

another successful revenue increase exercise to fullfill kpi for year end bonus ?

2 week old policy oredi got loop hole, million dollar ministars...so in the meantime people will chiong to buy car before loop hole is plugged...COE wun drop and garmen happily pocket the extra arf $$.

 

[porky88]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

if u take a loan from a bank.. interest rate still 1.88%... triple confirmed!!
so the 3.25% on their website is all BS...

 

[arsenal62]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

At least I earn my $$$ without robbing or stealing from the people. Pride.

Mmmmm......you didn't mention your simi pole simi dance liao with no follow-up had shattered got many lao gors' heart. MW will despise you!

 

[kenntona]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Mmmmm......you didn't mention your simi pole simi dance liao with no follow-up had shattered got many lao gors' heart. MW will despise you!

To be politically correct, I will use the word "MILFs" instead of "lao gohs"

 

[arsenal62]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Paiseh...you speak england me kong hokkien one....language barrier. Forgive me.
Wait a minute, you speak england already low class then me kong hokkien = no class?! Must kpkb to zheng hu!

 

[kenntona]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Paiseh...you speak england me kong hokkien one....language barrier. Forgive me.
Wait a minute, you speak england already low class then me kong hokkien = no class?! Must kpkb to zheng hu!

You are such a thumbbye. I said politically correct, doesn't matter if I spreak England or Hokkien. Mai hurt old people's feelings. Example - You can never say Ah Foo old. You must say he lao swee lao swee.

 

[Dinosaur hunter]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Paiseh...you speak england me kong hokkien one....language barrier. Forgive me.
Wait a minute, you speak england already low class then me kong hokkien = no class?! Must kpkb to zheng hu!

Save your effort. No use one.

 

[arsenal62]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

You are such a thumbbye. I said politically correct, doesn't matter if I spreak England or Hokkien. Mai hurt old people's feelings. Example - You can never say Ah Foo old. You must say he lao swee lao swee.

Okay....today learn something new.
So can not say MW and rodders ah kua can call them gay! tio bo? I am a fast learner......sart!

 

[ah bui]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

235 cars with 50 staffs??? Hard to believe a used car dealer to hire 50 staffs

 

[detach8]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Admin, dispatch, sales, purchasers, 2-3 branches. Sounds about right.

 

[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.

Yet another new gantry. Just before the F1 pit building.

 

[Meek]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans



where did dat come from????!!!!
sprung over night??

 

[Howard]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Holy s***. Our FT damn efficient. Over night can bang out one big $$ making machine.

 

[hoks]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I paid 1.50 on CTE yesterday on my way home and there is no jam at all. I am sure I post this before...

So wtf is the quarterly review of traffic conditions at all ERP gantries doing??

 

[brosiss]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

leasing of coz is widely practised in the west, a base F10 535i only cost USD$50K or less ...
ROI is very short after 1-2 years than pure profit liao

in spore a based F10 535i cost $300K+ ... if pml lease 10 units out already $3M+++ ...
the opportunity cost (or sunken cost?) is too high

in singapore we got BMW Financial Services ... the BMW ah long

Lease from PML will be cheaper because they spread their margin over the next 7 - 10 years.

 

[brosiss]

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.

He hire purchase from bank then lease to consumers, got monthly income, maybe can tide over. Packaged it inclusive of insurance and servicing at higher price, sure the younger, ladies and retirees will go for. No need so much cash deposit. Maybe just a 8k security deposit or 2-3 month security deposit in case the lessee did not fulfill contract terms.

 

[brosiss]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Strong rumours of further curbs on private housing loans | The Real Singapore

Why don't they do 50% downpayment for housing? Prudent mah. No downpayment go rent house.

 

[Meek]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Why don't they do 50% downpayment for housing? Prudent mah. No downpayment go rent house.

Keep wishing. It will happen.

 

[brosiss]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Keep wishing. It will happen.

Wishing no good.. I will pray very hard...

 

[jawzsg]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

I paid 1.50 on CTE yesterday on my way home and there is no jam at all. I am sure I post this before...

So wtf is the quarterly review of traffic conditions at all ERP gantries doing??

they got review one .. if the gantry collection below their expectation, they adjust price up... our LTA quite on the ball one.