Viceroymenthol 6th Gear July 1, 2009 Share July 1, 2009 (edited) as long as dont over debt. heh heh hehe i heard nowadays during recession banks are quite "compassionate" in the sense that they allow the property investor, those who buy like 5 or 6 properties and finding it hard to tong, to make payments on just the interest, no need to repay loan (until how long i dunno). business loans also can, until the banks bey tahan then come for you... when one comes, all creditors will come... like wolves Edited July 1, 2009 by Viceroymenthol ↡ Advertisement Link to post Share on other sites More sharing options...
Gs300999s Clutched July 1, 2009 Share July 1, 2009 Which car dealer allow you to do so? They have to pay charges to Amex you know. Komoco accepts AMEX on FULL car payment. Link to post Share on other sites More sharing options...
Viceroymenthol 6th Gear July 1, 2009 Share July 1, 2009 (edited) plse compare SGD with SGD dont compare cross currency. there are huge capital risks involved. if you dont even understand these basic risks, good luck..... borrow yen to buy american car borrow euro to buy jap car borrow ringgit to buy china car hehe Edited July 1, 2009 by Viceroymenthol Link to post Share on other sites More sharing options...
West 2nd Gear July 1, 2009 Share July 1, 2009 Oh ? Fully paid cars can opt to buy just 3rd party insurance ? No need comprehensive ? Sorry for the innocent question, but I never fully pay my car before tis is correct. technically, if you have car loan, the car belong to the bank, so you need comphre insurance to "protect the car for them". But if no loan, car is yours, you can do whatever you like, just cover for 3rd party insurance. Same concept as housing loan. Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 1, 2009 Share July 1, 2009 no lah, he watch collector.. never see his avatar ah? I confirm not watch collector. my Daytona is for daily rough wear. Link to post Share on other sites More sharing options...
Watwheels Supersonic July 1, 2009 Share July 1, 2009 "Anyone buy car and pay FULL in CASH? Why? Clever or Stupid?" Who will ask this kinda question? Clever or Stupid person? Link to post Share on other sites More sharing options...
Ahgongwolve Clutched July 1, 2009 Share July 1, 2009 1. u pay 70K cash for ur car .. how much interest do u save? versus holding on to 60K and invest for 30% returns? Link to post Share on other sites More sharing options...
Yeshe Turbocharged July 1, 2009 Share July 1, 2009 I confirm not watch collector. my Daytona is for daily rough wear. i think u should upgrade to patek philippe as rough wear leow Link to post Share on other sites More sharing options...
Yoongf 4th Gear July 1, 2009 Share July 1, 2009 If can afford it, I will suggest to pay max after factoring the minimum loan and shortest tenure to enjoy the discounted rate. My view is that car loans are full of financial traps. Let's say.. take max loan.. then for some reason.. car is no longer required/available, such as total accident loss, or stolen, or simply dun like and want to upgrade after 1 yr, then all those rule 78 issues.. the penalities for early redemption is highly punitive. Link to post Share on other sites More sharing options...
Nautilus 2nd Gear July 1, 2009 Share July 1, 2009 1. u pay 70K cash for ur car .. how much interest do u save? versus holding on to 60K and invest for 30% returns? That's what everyone says, but the truth is there is no investment that GUARANTEES 30% returns. Link to post Share on other sites More sharing options...
Cheesey74 6th Gear July 1, 2009 Share July 1, 2009 This is a simple question. If u like to stay debt free, than carry on pay full for the car. If u like to be in debt, than pay in instalments. Link to post Share on other sites More sharing options...
Ahgongwolve Clutched July 1, 2009 Share July 1, 2009 That's what everyone says, but the truth is there is no investment that GUARANTEES 30% returns. but there are things you can do with that 60k ... which can guarantee returns many times what u save on interests Link to post Share on other sites More sharing options...
Osiris 1st Gear July 1, 2009 Share July 1, 2009 there are 2 types of people that buy car and pay in full 1. those who think it makes more financial sense 2. those who couldn't understand why buying something so cheap need to take loan. Link to post Share on other sites More sharing options...
Throttle2 Supersonic July 1, 2009 Share July 1, 2009 there are 2 types of people that buy car and pay in full 1. those who think it makes more financial sense 2. those who couldn't understand why buying something so cheap need to take loan. how about 1 type who thinks it makes more financial sense and in any case feel it's too cheap to warrant a loan? Link to post Share on other sites More sharing options...
Nautilus 2nd Gear July 1, 2009 Share July 1, 2009 better to keep money on your side...imagine if you have hiv the medical fees is tremendous What has HIV got to do with this discussion? Link to post Share on other sites More sharing options...
Nautilus 2nd Gear July 1, 2009 Share July 1, 2009 but there are things you can do with that 60k ... which can guarantee returns many times what u save on interests Maybe, but i personally feel jittery about taking car loans as well which is why i'm one of those who opted to pay in full cash. I guess it's up to the individual to determine his comfort level. But going into negative equity (ie. 100% 10 yrs loan) is definitely a big NO NO. Link to post Share on other sites More sharing options...
Vroomtattat 2nd Gear July 1, 2009 Share July 1, 2009 Not clever, not stupid but . . . . $ Rich $ Link to post Share on other sites More sharing options...
Osiris 1st Gear July 1, 2009 Share July 1, 2009 What has HIV got to do with this discussion? check his previous posts, he's seems to be MCF resident HIV spokesperson. oops sorry, u might not be able to see. ↡ Advertisement Link to post Share on other sites More sharing options...
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