COE Bidding - 2nd Round of November 2016

[Oliverpool]

I have always thought the rates are regulated and all will be aligned. It's weird seeing such differences and some ppl may actually make decisons based on this.

 

 

Its all related.  Banks give the AD commission for each sign up. AD use it to subsidise or give some free gifts like window film or camera etc. U tell the AD you do not want to take loan and they will tell you they have to take back some "free gifts" 

[commonjunks]

Its all related.  Banks give the AD commission for each sign up. AD use it to subsidise or give some free gifts like window film or camera etc. U tell the AD you do not want to take loan and they will tell you they have to take back some "free gifts" 

 

I remember BMW told me their warranty/servicing tied up with in-house loan.

in-house loan is a big business, i know a person who climb ladders in bank base on head of loan.

 

[Oliverpool]

I remember BMW told me their warranty/servicing tied up with in-house loan.

in-house loan is a big business, i know a person who climb ladders in bank base on head of loan.

 

 

Basically there is no free lunch. AD will squeeze everything from all parties to make the most profit or give the most "freebies". I am not surprised that loan interest is of key priority to the AD's.

[Winningeleven]

if recession n lost job....can turn to uber/grab driver

 

During the 2009 recession, I went to ikea alexandra during the weekend and there was no crowd at all with many parking lots. Taxi Q are also almost empty. Which mean not many passengers using cab for bulking items. 

 

When economy not doing well,it shown that people will be careful on the spending and will rather save cost on transport. 

[Alvinnoob]

During the 2009 recession, I went to ikea alexandra during the weekend and there was no crowd at all with many parking lots. Taxi Q are also almost empty. Which mean not many passengers using cab for bulking items.

 

When economy not doing well,it shown that people will be careful on the spending and will rather save cost on transport.

This is not happening now !!

[Victor68]

I seriously hope it will not happen but when it happen, do be prepared and not be caught with your pants down.

[Arch1984]

Lending now is much more stringent den b4. Hard to be overcommitted. Plus govt very gd at recession management

[Alvinnoob]

Lending now is much more stringent den b4. Hard to be overcommitted. Plus govt very gd at recession management

How? Create more road works? Governement funded project, military camp upgrade?

[Arch1984]

How? Create more road works? Governement funded project, military camp upgrade?

Dunno wor. When it comes den see what they do lo. Last time round. Many ppl kept their jobs and homes etc with a combination of jobs credit, trainingng plus acceleration of infrastructure projects.

[Carhorn]

Lending now is much more stringent den b4. Hard to be overcommitted. Plus govt very gd at recession management

u mean with TDSR, lending is harder? Or do u mean now harder to secure loans to buy car?

[Arch1984]

u mean with TDSR, lending is harder? Or do u mean now harder to secure loans to buy car?

Erm just the limit of loan u can take and the period u can take lo. Sort of ensuring that ur car value wun drop below ur loan balance. If anything happen. Can just sell car.

[Carhorn]

Erm just the limit of loan u can take and the period u can take lo. Sort of ensuring that ur car value wun drop below ur loan balance. If anything happen. Can just sell car.

Thot MAS relax to 30%/40% from last time 40%/50% downpayment in May? from 5 years repayment to 7 years? of course ur monthly salary will be scrutinised by banks to be able to borrow based on ur salary.

 

So is wat your said a new initiative from MAS/banks? Didn't hear anything abt loans tightening recently in the news

[Arch1984]

Thot MAS relax to 30%/40% from last time 40%/50% downpayment in May? from 5 years repayment to 7 years? of course ur monthly salary will be scrutinised by banks to be able to borrow based on ur salary.

 

So is wat your said a new initiative from MAS/banks? Didn't hear anything abt loans tightening recently in the news

I was comparing with the days of 10% down payment. Coz victor was commenting about being over committed. With the current loan rules. Car owners nt likely to be under water (i.e. sell car also cannot repay loan situation).

[Perspectivism]

Better be prudent now. Economy not doing well. And look at Trump. Retail jialat

[Ct3833]

I flipped through today's paper and i have the impression that generally car price have come down more than the recent COE decline. I could be wrong because did not monitor car price very closely, could those who have been in the car shopping recently comment ? Thanks.

Edited November 26, 2016 by Ct3833

[Sktan10]

I flipped through today's paper and i have the impression that generally car price have come down more than the recent COE decline. I could be wrong because did not monitor car price very closely, could those who have been in the car shopping recently comment ? Thanks.

Not really.Price still the same as when coe was 51k last month.

I also keep watching,haha!

[s1nner]

I flipped through today's paper and i have the impression that generally car price have come down more than the recent COE decline. I could be wrong because did not monitor car price very closely, could those who have been in the car shopping recently comment ? Thanks.

AD increased a few K last month after COE quota cut citing COE gonna increased infinitely but proven not so.

 

Now, they did reduce but with those buffered they had a month ago, don't look a lot if you are constantly monitoring AD movement.

[therock]

Merc has increased their cat a car prices already ..

They do so by cutting the overtrade so the prices look the same.

Edited November 26, 2016 by therock