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Anyone buy car and pay FULL CASH? Why? Clever or Stupid?

SZY

By SZY,
in General Car Discussion

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Alfc

Alfc

5th Gear

Ok show me something even close to risk free that can equal the kind of interest you are paying for your car loan, today......

 

The point i am making if you dont already know by now, is that, there is none.

 

So when you use the money to invest instead of paying the car.

Take note that you are assuming another set of risk on top of the loan risk.

 

Not saying right or wrong, becos different people have different threshold for risk

But highlighting so that people are fully aware.

 

Therefore i raise that example as an example.

Exactly, you said it. I am making the same point as you.

Often, there are those who "thought" they are making more than the 5% loan interest, failed to realise the other set of risk they are taking on their principal. It is not or not even near guaranteed.  

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Throttle2

Throttle2

Supersonic

Full cash for a > $500k car. You should know who the BIL is.

Ultimate stupidity.

Didnt even have a getaway plan.

What was the goon thinking?

 

Sibei low standard.

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BanCoe

BanCoe

Hypersonic

Full cash for a > $500k car. You should know who the BIL is.

Who is that ?? (BIL)

Why he gave cash Chq or personal name chq??

Buyer also really Kayu oso

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Leo22

Leo22

2nd Gear

In my payment brakedown, there is this item 'advance installment' added to my purchase price (price agreed). Which resulted in Total price = purchase price + advance installment.

What is this amount? Normally do you have this item if take loan?

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Voodooman

Voodooman

Supersonic

Ultimate stupidity.

Didnt even have a getaway plan.

What was the goon thinking?

 

Sibei low standard.

His getaway plan is MBS and RWS. Gamblers can be insanely optimistic. hahaha...

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Kengheng450

Kengheng450

2nd Gear

In my payment brakedown, there is this item 'advance installment' added to my purchase price (price agreed). Which resulted in Total price = purchase price + advance installment.

What is this amount? Normally do you have this item if take loan?

A load of bulls**t, if you pay cash where got advance instalment.but if taking loan it's only deposit plus advance instalment.
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Leo22

Leo22

2nd Gear

A load of bulls**t, if you pay cash where got advance instalment.but if taking loan it's only deposit plus advance instalment.

Taking loan.

But why taking loan need to add this additional one month installment to my total purchase price?

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Leo22

Leo22

2nd Gear

Purchase price: $100,000

Advance installment: $894

Total price: $100,894

 

Finance amount: $50,000

1st deposit: $5,000

Net payable: $45,894

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tlt3668

tlt3668

2nd Gear

After making full payment for our car, there is suppose to be a Form B release by the bank to One Motoring, any idea where to locate this Form B in One Motoring? TIA   [nod]

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Kzone

Kzone

3rd Gear

Purchase price: $100,000

Advance installment: $894

Total price: $100,894

 

Finance amount: $50,000

1st deposit: $5,000

Net payable: $45,894

if it's truly advance installment then it counts towards the installment payment plan for the loan quantum (incl interest), not an additional payment.

 

Anyway, just booked at BM and they don't practise this advance installment thingy.

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A-Z20

A-Z20

Neutral Newbie
(edited)

My Girlfriend bought a Honda from 88 motor trading in may 2017,

Till now June 8 , the car is not even in her name

We bought cash!

To everyone out there, be careful of this 88 motor at jln sultan

Reported to police and to CASE

Sibei suay to buy from them

Edited by A-Z20
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Vinceng

Vinceng

Turbocharged

My Girlfriend bought a Honda from 88 motor trading in may 2017,

Till now June 8 , the car is not even in her name

We bought cash!

To everyone out there, be careful of this 88 motor at jln sultan

Reported to police and to CASE

Sibei suay to buy from them

 

How could the car not be registered in your girlfriend's name when she paid in cash?

 

Then registered under whose name?

 

You didn;t receive LTA letter after car registered?

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A-Z20

A-Z20

Neutral Newbie

It is a secondhand Honda Civic, the car is under another credit company,was told the transfer would be the next few days,but never happened,called them up (88) keep saying next day will do ...till now not done yet,I suspect 88 is just a empty shell,so what they claim to have 80 cars!

Buyers beware ,,,,,!!!!! buy from dealers who can do immediate transfer.

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Googoo

Googoo

4th Gear

It is a secondhand Honda Civic, the car is under another credit company,was told the transfer would be the next few days,but never happened,called them up (88) keep saying next day will do ...till now not done yet,I suspect 88 is just a empty shell,so what they claim to have 80 cars!

Buyers beware ,,,,,!!!!! buy from dealers who can do immediate transfer.

 

 

good luck to your gf.. if the credit coy want to take back the car u lan lan have to surrender...

 

if pay full cash must demand transfer on the spot for 2nd hand cars. 

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