Balloon scheme questions

[Seaweed]

when value of security drop...interest just go up...risk vs return...the lender lend the buyer the parf value in advance in such case...

[Meekgeek]

so wad cars are worth it to balloon ? and those cars that are worth it to be balloon should be left 3 yrs or less ??

 

my fren balloon an RX8. 3 yrs left.

monthly payment $650 a month

[Aerosmith]

who say balloon not worth, its for smart investors who know how to use their cash otherwise to beat the interest rate.

[Galantspeedz]

who say balloon not worth, its for smart investors who know how to use their cash otherwise to beat the interest rate.

 

for 10-30k difference? if smart investors feel a pinch due to this monetary amount..... i guess they not earning alot from investment.... so how to determine smart or not....

 

 

[Mockngbrd]

so what happens end of car 10yr life? if want to renew COE how?

[Vblaster_w211]

Balloon scheme is just another trick to let average consumers think they're richer than they really are, and therefore willing to pay a higher price for a car.

 

Spending on future moneys.

[Tarzan666]

Isnt all loans like dat? Spending on future $$..

 

Balloon or non balloon..

[Turbonetics]

who say balloon not worth, its for smart investors who know how to use their cash otherwise to beat the interest rate.

 

 

a smart investor should have seperate account for purchase and investment and should not be mixed together.

and also investment is not 100% win,it is still like a gamble.

if they lose money,do you call them stupid and asked them to use the money on a normal loan instead of the balloon scheme loan?

[Storeroom]

is the interest rate for balloon scheme same as normal loan?

if balloon scheme interest rate is higher,then i see no point paying higher interest for it.

however,you get to drive a car which is "not within your reach".

 

Not the same. Normal 1.88% Balloon 2.68%

[Ken1898]

Balloon also can full loan?

[Clubace]

Is the interest rate fixed for the entire loan period?

[Turbonetics]

but i heard that for balloon scheme,you can't sell off the vehicle before scrap means have to drive all the way until end of COE life.

 

[Tingfeng99]

my fren balloon an RX8. 3 yrs left.

monthly payment $650 a month

 

'"good luck to your friend"

 

RX8 pre facelift.....SUPER PROBLEMATIC car = A LEMON CAR and the ... FC sucks.. ( somemore 7 year old car... WORST)

 

Even when he has enough of going to the workshop monthly to repair his lemon ...He cant sell the car unless it reaches the end of the 10 year COE..

 

Buay Tahan....want to sell MUST SELL? then pay back all the interest incurred even including the parf value... not worth it...he will pay more in the end..

 

dun see him WAH Drive RX 8 sia!!!.....actually his real problem still hiding only... in time to come he will suffer double ...

[Tingfeng99]

but i heard that for balloon scheme,you can't sell off the vehicle before scrap means have to drive all the way until end of COE life.

 

yah have to die togther with the car if it is a Lemon car ..... problematic

[Turbonetics]

yah have to die togther with the car if it is a Lemon car ..... problematic

 

 

don't make it sound so bad.

the most is to spend money for repair.

[Antonee]

No u can"t scrape ur car under balloon scheme, u will have to return to ur car dealer after the car coe expired. No parf value but u get a bit of car body value back.

[Ladykillerz]

i may be having a simple mind to form this equation.

balloon scheme = using future money

 

it is like taking personal loan with high interest rate, second to credit cards' loans.

you can be happy today using future money but suffer later.

 

if i were TS, i will only get my 2nd car if i am loaded in my pockets else i rather fully paid my first car.

[Haziqko]

You know what they say bout ballons....??? They'll POP sooner or later....