LTA to explore easing tight COE supply

[Wyfitms]

That's true, cannot afford to pay 92k (cat B) coe shouldn't bother to buy car. Poor people like me, even Coe at 30k also cannot afford to buy.

 

But we humble people are worried that all the towkay running their business will increase price because their luxury toys now cost more. They need to pass the cost to the common people.

 

So we are grumbling because of inflation, not because we want to buy car. Poor people worry when rich man toys become more expensive.

 

If cat a Coe go to high, even luxury things like taxi rides will be increased.

 

How can u say that, poor ppl should be allowed to buy cars, In fact, the govt encourages it! tat's why they allow 100% loan on both car and the COE.

 

So ppl who earn $800/ mth can also get a 100K car. Drive first then worry abt instalment later... maybe the poor shld collectively ask the MAS to allow car loan to stretch for 30 yrs

[Maroon5]

Hmm maybe marginally but just look at BMW and Mercedes. I'm pretty sure that despite the high price of cars, they're still getting sales and quite possibly more than what they may have gotten before. Both BMW and Mercedes are the top 10 most bought cars in SG. Most people who buy these new BMWs or Mercedes take a heavy loan. Go speak to the PML sales rep. One told me that it's very uncommon for someone not to take a loan to buy any of their cars.

 

Used car dealers stand to gain more. To them what matters is that they can make profit from the car they're selling. They don't really bother how you pay as long as they can earn profit and perhaps commission when you take a loan. I'm sure you've noticed that used car dealers have put in their ads 100% loan/ $0 drive away available. Just look at a certain car dealer who has moved from katong to ubi. Almost all of their ads have "100% loan/ $0 drive away available" This makes it even easier to buy cars.

 

For a COE car that costs 30k.... Come on..... Besides it's very difficult to secure a loan for a COE car and the interest can kill.

 

anyw credit is going to be the way to go for the next few yrs at least...tats the whole purpose of all tat stimulus...and cant deny it is working. good for the economy but whether good or bad for the buyer, it depends.

 

u know generally pple who consider COE cars, they are usu budget conscious so 30K is a big deal.

but if u ask me, i thk coe cars avail now are seriously high risk. they sit on 10k coe but sold at 30k. if the car is totalled or lost, the loan outstanding to pay would b real heavy.

 

 

[Kangadrool]

If want to encourage a cycling culture, MRT stations, shopping centres and office buildings need more shower facilities (those open to the general public can charge per entry?). Gyms can also think about opening up their shower facilities as well.

 

They will never encourage cycling.

 

First, lost of revenue for feeder buses, taxis.

Second, lost of revenue for collection of road tax, petrol tax and parking.

 

[13177]

That's true, cannot afford to pay 92k (cat B) coe shouldn't bother to buy car. Poor people like me, even Coe at 30k also cannot afford to buy.

 

But we humble people are worried that all the towkay running their business will increase price because their luxury toys now cost more. They need to pass the cost to the common people.

 

So we are grumbling because of inflation, not because we want to buy car. Poor people worry when rich man toys become more expensive.

 

If cat a Coe go to high, even luxury things like taxi rides will be increased.

If cannot afford to buy new car at high COE, then i guess you can buy used car of 5 years or more?!

[Jujitsuka]

http://www.sgcarmart.com/news/article.php?AID=6190