About 10 years ago, we didn’t see much OPC cars on the road, if we did, they were usually cars like Hyundai Matrix, Kia Cerato, or Hyundai Accent, or Nissan Sunny. Now, OPC cars are everywhere, especially amongst the youngsters. Okay I understand young couples with babies who can barely afford a car, would get an OPC car so they can go out with less hassle on weekends, and I understand youngsters eager to have a car would consider an OPC car as the best option for them. But what disturbs me is seeing “red plate” BMW’s and Lexus’s on the road...

As much as I can remember, I’ve seen a BMW 1 Series, Lexus IS250, Mercedes C200, and even a BMW 335i Cabrio, which costs about $250k to $300K, all these on OPC plates. To me it kind of makes no sense to OPC a car and save like just 10% off the total price, because 1st of all, if that person is ‘well-to-do’ enough to afford a luxury car, then he/she wouldn’t even bother ‘OPC’ing’ a car just to save that $160(based on $17k on a 10 year loan) a month, right? So that’s out of the question.

Now, it’s either they really really really don’t need a car on weekdays for some reason, or they just prefer luxury(or “Face”) over convenience, not being able to use your car half the time only means it lacks convenience.

Buying a Chery QQ that costs $60k and converting it to OPC with a $17k rebate, will mean that your final price would be $43K. Hence, instead of paying $594 a month on a 10year loan installment, by converting your Chery QQ to OPC, you will end up paying $426 a month, that’s about 30% less.
But if you buy a $200K car, which ends up as $183K after rebate, you’ll be paying $1812 a month instead of $1980, which is barely 10% less. Is that 10% really worth immobilizing your car from 7am to 7pm from Monday to Friday?? For that ‘after rebate’ price, you can probably go for a car that costs $180k, with so much less hassle.

So it kind of bugs me to see such cars on the road, especially when they’re like $200,000 cars. Am I the only 1 who finds this silly?...

This actually shows what some (or rather most) Singaporeans prioritize, and that’s definitely not convenience.

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