MAS Imposes Financing Restrictions on Motor Vehicle Loans

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Darth Vader;976330 said:
is it safe to say no more 100% 10 years loan ?
or are there still loopholes around ?
so 20k coe is a possibility now ?

$20k coe huat ah!!!
will dealer reduce their sky high profit margin? they either increase margin or remove options
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Darth Vader;976330 said:
is it safe to say no more 100% 10 years loan ?
or are there still loopholes around ?
so 20k coe is a possibility now ?

Answer to Q1 is yes after 60 days.
Answer to Q2 is no after 60 days.
Answer to Q3 is anybody's guess????
 
Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Shev;976339 said:
Answer to Q1 is yes after 60 days.
Answer to Q2 is no after 60 days.
Answer to Q3 is anybody's guess????
Ultimate answer to the above answers to Q1 & Q2 - it will change before 2016. Remember Roti Prata Flip. Just IMO.
 

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