Ody_2004 Turbocharged April 3, 2013 Share April 3, 2013 I know German made cars dealer still offering 90% loan via their inhouse financing arm. How about japanese or korean made? Wonder how the next COE bidding be like.. ↡ Advertisement Link to post Share on other sites More sharing options...
Monxtre 1st Gear April 3, 2013 Share April 3, 2013 BM 80% @ 8yrs Link to post Share on other sites More sharing options...
Ody_2004 Turbocharged April 4, 2013 Author Share April 4, 2013 BM 80% @ 8yrs WHat interest they charging? Cnc is 2.98% Link to post Share on other sites More sharing options...
Wt_know Supersonic April 4, 2013 Share April 4, 2013 tharman should plug the LOOPHOLE !!! Link to post Share on other sites More sharing options...
Gs_1984 1st Gear April 4, 2013 Share April 4, 2013 tharman should plug the LOOPHOLE !!! No need close any loop holes. At around 3%, the total interest incurred in 10 years is 30%. I don't think anyone will buy. Firstly. Buy Liao cannot change car cos it will only break even after 6-7 years. Change early, prepare to fork out money. Then if they are buy, Cannot tahan installment also must borrow. Else, sell car away need to fork out money. Lastly, if u r unable to afford the loan, who will lend u the money. So poor ppl will not have access to such a lending process and rich ppl will not be so foolish to take that up either. In the end, it is just an avenue to draw crowd to the showroom. Seeing full loan adverts easier to persuade CO to give u the permit to buy car rather than min downpayment 50% right? Link to post Share on other sites More sharing options...
Hexxor 1st Gear April 4, 2013 Share April 4, 2013 BMW in house full loan is 2.28% for 10 years bro... Link to post Share on other sites More sharing options...
PorkChong Clutched April 4, 2013 Share April 4, 2013 still dont want plug loophole ah..scare mkt crash ah? then introduce what new measure in the 1st place for fxxk? Link to post Share on other sites More sharing options...
Booboon 1st Gear April 4, 2013 Share April 4, 2013 No need close any loop holes. At around 3%, the total interest incurred in 10 years is 30%. I don't think anyone will buy. That is provided they know they have to pay 30% more. but hor nobody look at that....so long can keep up with monthly installment can liao... Link to post Share on other sites More sharing options...
Ody_2004 Turbocharged April 4, 2013 Author Share April 4, 2013 That is provided they know they have to pay 30% more. but hor nobody look at that....so long can keep up with monthly installment can liao... VEry true.. most will only consider what they can pay monthly.. Now most stuck with used car as the buying power simply no longer there.. price had come off but not buyer not biting.. The luxury Cat A segment maybe still ok as bm merc n similar still able to offer high loan.. Link to post Share on other sites More sharing options...
Wt_know Supersonic April 4, 2013 Share April 4, 2013 (edited) buy now pay later .... huat ah !!! 30% or 50% .... kancheong spider really bo chap one Edited April 4, 2013 by Wt_know Link to post Share on other sites More sharing options...
Jamomatt 2nd Gear April 4, 2013 Share April 4, 2013 VEry true.. most will only consider what they can pay monthly.. Now most stuck with used car as the buying power simply no longer there.. price had come off but not buyer not biting.. The luxury Cat A segment maybe still ok as bm merc n similar still able to offer high loan.. If those people can think about the interest incurred there would be no need to regulate liao. Link to post Share on other sites More sharing options...
Wt_know Supersonic April 4, 2013 Share April 4, 2013 wah ... interest rate still low for 10 years cheong ah !!! BMW in house full loan is 2.28% for 10 years bro... Link to post Share on other sites More sharing options...
Wt_know Supersonic April 4, 2013 Share April 4, 2013 well said. look at condo ... no $1000psf no sell ... agent said got MRT station but really walk it is 10-15mins walk away If those people can think about the interest incurred there would be no need to regulate liao. Link to post Share on other sites More sharing options...
Jordanplus 1st Gear April 4, 2013 Share April 4, 2013 most of 2nd car dealer still offer 80% to 100% loan but think their interest rate is higher Link to post Share on other sites More sharing options...
Hamburger Hypersonic April 4, 2013 Share April 4, 2013 Car loan is really something that i am not good specially in some country made.I have a car and i bought it cash the problem is that i also use to build a garage and autotalli varasto or garage storage which now a days a very useful garage specially when my car is broken. your england beri the powderful sia.... Link to post Share on other sites More sharing options...
Elmo 4th Gear April 4, 2013 Share April 4, 2013 your england beri the powderful sia.... Another enthusiastic advertiser lah.... Link to post Share on other sites More sharing options...
Ody_2004 Turbocharged April 4, 2013 Author Share April 4, 2013 from all reply seem only conti made offer high tenure loan? Jap/Korea no such arrangement? Link to post Share on other sites More sharing options...
Ronleo 6th Gear April 4, 2013 Share April 4, 2013 Well, anyone got any idea when MAS/govt gonna review the loophole??? Tot I read in some MCF thread tat they are looking at closing the loophole??? Hopefully, it's not another wayang show!!! Hmmm... It really shows the efficient rate of govt doing things! ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
COE Bidding - March 2024
COE Bidding - March 2024
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
This is why u dont lend car or money to ur friends
This is why u dont lend car or money to ur friends
Xiaomi EV is Coming
Xiaomi EV is Coming
Cars at Expo - Apr 2024
Cars at Expo - Apr 2024
Best way to sell car (aka highest price)
Best way to sell car (aka highest price)
Do you still eat expired foods and drinks?
Do you still eat expired foods and drinks?
Singapore ‘open to’ idea of one-off rise in vehicle population
Singapore ‘open to’ idea of one-off rise in vehicle population