Full payment for new car.. Any problems?

[Nothingtodo]

Any bros here made full payment for your car and receive IRAS notice? I'm considering between taking a loan and making full payment. Heard friends said if you make full payment, IRAS might call you up for checking. How true is this? Any bros kana before? If really so troublesome, i would rather opt for loan. Pls advice. Thanks.

 

Yr friends doing wat business one? and where they heard from? I tink its some kind of old wifes tale bro, u believe ah U tink IRAS so free go around chking dealers books ah? U know in Sillypore how many ppl pay full or not? IRAS got not enough manpower to go bio everyone of them bro.

 

Maybe if one nvr pay tax for donkey yrs, suddenly buy 7 series, ferraris and lambos, and start flaunting their ride around, I am not surprise IRAS pay them visit secretly. So what ride u buying... and which "legal" money lender u talking loan from?

 

BTW, I am one of those tat pay in full. Dont believe tales lah... its pure nonsense. Anyway, I paid only 50K cash. So dont tink IRAS will be interested in my account

[Application9999]

i think the first problem u face will be your SE giving you a black face..

If u have enough money in your bank, why not..

 

If i can pay in full...I will find the most pretty and most fair skin SE to work with...Black faced one ..i ask him/her to fly kite...You think got money ..nowhere to spend meh?

[Nighthawkcity]

i think u dun understand the industry how it works...

 

per car, their comm might be 500 only

basic monthly 200

 

comm from 50k loan 10 yrs: at least 1k+ comm

banks pay ard 2k+ to the Authorised dealer leh

wat do u think leh?? sure sianz 3quarter

[Sony]

But you think some SE so despo to close a deal, esp one that pay in full?

 

Money doesn't make one a king. Someone need to be a willing eunuch

[Sony]

Just take one cold storage or sheng siong plastic bag, put that few dozen Ks of money and bring to the showroom.

 

It's not really a lot to rise an eyebrow.

 

But if you are getting a supercar, then bring a better bag.

 

Hope that help in answering you.

[Application9999]

can do a import from other country and pay in full?

[Application9999]

that's why to pay in full...u must be willing to pay an extra 2k or so to the SE..and if he or she still black faced...just go somewhere else..that's my point.

[Sony]

that one hor, you can ask porker but he's rather busy with some orgy now.

[Cybertron]

Is it really a good option to pay full for ya car?

 

Supposedly if your car loan of 60k for 7 years at 3%, the overall interest is 21% over 7 years or shorter say 3 years.

 

If you can invest this 60k, which gives you 10% annually on average, you probably have more liquidity, and you might gain more over time?

 

If ya dun think ya can get returns of this 60k more than ya loan interest you paying, then by all means full settle the car.

[Patience]

lets say the SE still black face...can i approach another SE supposing that i really want to get that particular brand of car?

[Patience]

some of the bro ar correct,it depend on how much u ar paying 4 the car,,,but one thing 4 sure the salesman will not b happy bcause there be no bank or finance rebate 2 them n pls don`t let the salesman know u ar paying cash until the final moment

 

but even if u let the SE know at the final moment ur not gettin a loan, the SE will still tell u either pay a higher car price or get a loan right?

 

its not as though u can get the car at the lower price w/o a loan right?

[Nighthawkcity]

ya... got 500 better than nothing..

sometimes, SE just want more money!!

[Chickenfarm]

Any bros here made full payment for your car and receive IRAS notice? I'm considering between taking a loan and making full payment. Heard friends said if you make full payment, IRAS might call you up for checking. How true is this? Any bros kana before? If really so troublesome, i would rather opt for loan. Pls advice. Thanks.

 

Bro, dun believe in the myth bcos IRAS got better things to do I'd always paid for cars in full settlement (I am very very poor so I hate debts and cannot afford interest over long period of time). Maybe I was lucky but I have been paying in full w/o penalty and black face from SE right from my CO's first C200, to her current CLK Cabrio and my own Suzuki GV. The authorities never disturb me Probably bcos they got no time for small fry like me

 

Unless you're one dodgey fellow who evade tax for some time, IRAS will not kar jeow you

Edited November 15, 2007 by Chickenfarm

[Curahee]

i think u dun understand the industry how it works...

 

per car, their comm might be 500 only

basic monthly 200

 

comm from 50k loan 10 yrs: at least 1k+ comm

banks pay ard 2k+ to the Authorised dealer leh

wat do u think leh?? sure sianz 3quarter

 

Wah now they tan ka siao? 7 out of 10 ppl nowadays take 10 years loan to buy car. No wonder

[Nkps]

Any bros here made full payment for your car and receive IRAS notice? I'm considering between taking a loan and making full payment. Heard friends said if you make full payment, IRAS might call you up for checking. How true is this? Any bros kana before? If really so troublesome, i would rather opt for loan. Pls advice. Thanks.

 

y wanna pay in full? use your marnee to invest somewhere that give you 6% return (Sunshine Empire), pay the interest of as low as 2.5% for the car... u make big time

[Robin]

Is it really a good option to pay full for ya car?

 

Supposedly if your car loan of 60k for 7 years at 3%, the overall interest is 21% over 7 years or shorter say 3 years.

 

If you can invest this 60k, which gives you 10% annually on average, you probably have more liquidity, and you might gain more over time?

 

If ya dun think ya can get returns of this 60k more than ya loan interest you paying, then by all means full settle the car.

 

hard to get 10% returns now

[Gearoil]

Any bros here made full payment for your car and receive IRAS notice? I'm considering between taking a loan and making full payment. Heard friends said if you make full payment, IRAS might call you up for checking. How true is this? Any bros kana before? If really so troublesome, i would rather opt for loan. Pls advice. Thanks.

 

You think IRAS so free just to monitor you just becos you buy a car and pay in full?

 

If you are not a HARD CORE case of evading taxes they will not purposely go out to catch you!

 

Unless of course you are also making curry puffs and selling 5000 pieces a day at $1 each but tell the taxman that you make little or no profit in your business!

[Robin]

if pay in full, did u end up paying a bit extra for the car?