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Rule change allows car buyers to access bigger loans

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Can’t read as require premium subscription. Can share extract over here?

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Posted (edited)

pattern more than badminton

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Edited by Wt_know
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Loan restrictions are to protect people.

 

Not so smart to skirt the restrictions take a bigger loan

 

economy slows down and the smart alec kenna retrenched.

 

Then cannot pay the monthly installments and car get towed away.

 

There again its ok YOLO  [thumbsup]

 

:grin:

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Haha again people are gonna get mad if i say pay full cash... but yeah. pay in full la. you might get more than what you bargained for by taking up these funny schemes. good luck everyone.

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Government want to prevent people from committing debt suicide, finance companies work hard to find ways to do exactly that help people get into the cars they desire.

 

If, I mean when the economy tanks, we can see how many cars start getting repossessed. Its already on the horizon but the car dealers are playing this out for as long as possible, obviously. 

 

Buy in full cash so you know you can definitely afford it, otherwise buy according to the MAS regulations which will likely keep you from financial ruin even if the worst happens. 

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Soon, we will see many ppl carry namecard call themselves CEO of ABC Car Rental Pte Ltd soon....lol

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Soon, we will see many ppl carry namecard call themselves CEO of ABC Car Rental Pte Ltd soon....lol

Hearse for rent pte Ltd

 

Anyone?

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Time to buy that Ferrari on 100% loan [sly]

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One moment reduces COE quota!

 

Next intro satellite ERP!

 

Now relax car loan!

 

What are their real objectives?

 

 

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Loan more, boost local banking more

 

it is a Spending Economy here... once spending stop alot will suffer..

 

that's why need more newborn, new foreigner here to spend n spend..

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it is a Spending Economy here... once spending stop alot will suffer..

 

that's why need more newborn, new foreigner here to spend n spend..

Esp those tiong, can buy anything. Now most properties above 5m bought by tiong. Imagine the ABSD alone

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Haha again people are gonna get mad if i say pay full cash... but yeah. pay in full la. you might get more than what you bargained for by taking up these funny schemes. good luck everyone.

 

We can only have 1 full cash guru here. Please try elsewhere.

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after this come out.

 

i hope no more bullsh-- about using allowing PMD for carlite :a-bang:

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We can only have 1 full cash guru here. Please try elsewhere.

 

I'm sure there are lots of people in this forum that pay full cash. Only a matter of whether they tell you who they are.

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