MAS Imposes Financing Restrictions on Motor Vehicle Loans

[Darth Vader]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

do you know the term

Lum Pa Pa Lan

i think coe may drop to between 20k.
but i only got cash to buy a proton.

if coe crash to $30K means govt had done a great job since many shouting high coe?
then must buy before govt chut pattern again to bring coe up to $70k-ish

 

[unfit]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Chery QQ come back and cheap cheap, I also will not buy... it is like driving a squaresh coffin waiting to be shut tied.

Dun like dat leh...their company are using Volvo R & D for all their new models liao

Must give chance mah

 

[Mockngbrd]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Audi sian... just built new showroom.... kwa kwa kwa....




*i never say i dun like audi*

 

[Slow_poke_driver]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

if say: buy f10 520i at 255k list with 20k overtrade,

Means I need to fork out 255*0.5-20= 107.5k cash?

Seriously, 3k per month I can pay. 100k cash, I cannot take out.

On the other hand, IRAS will probably be knocking on the door of many rich business men changing car.

 

[Darth Vader]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

under the new restrictions, car owners are the lucky dudes.
its the wannabe car owners that are screwed,big big.

Oh IC, get it now.

In worst case scenario, since Sgreans r so rich, COE dun drop and have to pay more tax...double whammy.

Also possible that dealer to not adjust price downwards $ for $ for COE drop.

No matter how car owners are screwed.

 

[whiteonyx]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

So now when we see SKK plate drivers who drives a BM must salute them....cash rich and can afford 5yrs only instalment....

 

[wt_know]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

yup ... with existing car to trade in
perhaps, the downpayment will not be so shiong

under new restrictions, car owners are the lucky dudes.
its the wannabe car owners that are screwed,big big.

 

[hoks]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Car owners oso one day need to change car ma...either screwed now or later.

Start modding la, then wun be sian of current ride.

 

[Mockngbrd]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Everyone will go buy new plate to get salute

 

[Darth Vader]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

i am not going to pay 140% nor 180% ARF.
i dont think i wanna drive a proton.
i am going to trade in for a 2012 used car with my fully paid car.
Huat ah!!!!!

yup ... with existing car to trade in
perhaps, the downpayment will not be so shiong

 

[unfit]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

So now when we see SKK plate drivers who drives a BM must salute them....cash rich and can afford 5yrs only instalment....

Must give way to them even if they dun signal huh...haha

 

[peckhs]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

All dealers will change to selling commercial vehicles and those like VW Caddy, Fiat Doblo etc will be very very hot!!

 

[timescapes]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

What abt used car loan?

 

[wt_know]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

late 2011/2012 used car would be selling like hot cakes ...
which means you probably wont get lelong and pay a premium for the car ...
dealers are blood sucker ... they will benchmark their car with new and told you ... you save on 140/180 ARF
if the car coe is $60K-$70k ... the coe depreciation already $6k-$7k per year hor

i am not going to pay 140% nor 180% ARF.
i dont think i wanna drive a proton.
i am going to trade in for a 2012 used car with my fully paid car.
Huat ah!!!!!

 

[whiteonyx]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Everyone will go buy new plate to get salute

Not a bad idea to get saluted haha

 

[Meek]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Not a bad idea to get saluted haha

Group buy. Ai mai?

 

[Baby1M]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Car owners oso one day need to change car ma...either screwed now or later.

Start modding la, then wun be sian of current ride.

But humans being humans, when a new design and chio look appear, ichy ichy....

 

[porky88]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

i think.. 2011..2012.. used will disappear over high on sgcarmart...

sell already jiak sia... 50% upfront....kak ching tear...

i am not going to pay 140% nor 180% ARF.
i dont think i wanna drive a proton.
i am going to trade in for a 2012 used car with my fully paid car.
Huat ah!!!!!

 

[jasonmaxima]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Will this measure increase or decrease accidents??? Esp commercial vehicles driven by crazed FW going 100km/h on fast lane on espressway?

 

[jasonmaxima]

Re: MAS Imposes Financing Restrictions on Motor Vehicle Loans

Tmr i will go book class 2b lesson..... Vespa... Wo lai le.....