Macrosszero Turbocharged August 20, 2019 Share August 20, 2019 not necessary also . alot of bosses got millions of cash available, but u dun see them paying full for their cars property cos they perfer to use their cash for investment at other place. What’s the difference between this type of loan taker and the other kind? A few million dollars of liquidity. One can afford to pay off the loan anytime and the other can’t lose his/her job. It’s not about the loan itself but the overall affordability. If one can only afford to buy the car with the help of a loan, one should think twice about jumping in. ↡ Advertisement 1 Link to post Share on other sites More sharing options...
Fastfive1 5th Gear August 20, 2019 Share August 20, 2019 Who they are? how would I know? such people exist and that's a fact. 1 Link to post Share on other sites More sharing options...
Caterpillars 1st Gear August 20, 2019 Share August 20, 2019 The loan restrictions are in place to protect individuals from over commit. The relaxation serves no purpose at all. When loans start to stack up, there is no joy in driving anymore Link to post Share on other sites More sharing options...
Wt_know Supersonic August 20, 2019 Share August 20, 2019 (edited) loan simply make everything affordable ah gong can try limit 15-20 years house loan to demonstrate hdb affordability Edited August 20, 2019 by Wt_know 2 Link to post Share on other sites More sharing options...
Benarsenal Turbocharged August 21, 2019 Share August 21, 2019 Actually it's not a 'rule change' la. It's a loophole. The ST article a bit misleading. Govt obviously never envision people taking advantage of this to take full loan for rental 'private' cars. But that's their own silly short-sightedness. Link to post Share on other sites More sharing options...
Ake109 6th Gear August 23, 2019 Share August 23, 2019 What’s the difference between this type of loan taker and the other kind? A few million dollars of liquidity. One can afford to pay off the loan anytime and the other can’t lose his/her job. It’s not about the loan itself but the overall affordability. If one can only afford to buy the car with the help of a loan, one should think twice about jumping in. Another reason is some chao kar AD only give the 5 year warranty if you take loan. *cough*pml*cough*pml* Actually it's not a 'rule change' la. It's a loophole. The ST article a bit misleading. Govt obviously never envision people taking advantage of this to take full loan for rental 'private' cars. But that's their own silly short-sightedness. When it comes to car management, have they ever been long-sighted? its one whole slew of nonsense and knee jerk reactions and adjustments and crap after another Link to post Share on other sites More sharing options...
awhtc 6th Gear August 25, 2019 Author Share August 25, 2019 MAS looking at ways to curb buyers going around car loan limits https://www.straitstimes.com/business/mas-looking-at-ways-to-curb-buyers-going-around-car-loan-limits 1 Link to post Share on other sites More sharing options...
RogerNg_185295 6th Gear August 25, 2019 Share August 25, 2019 1 hour ago, awhtc said: MAS looking at ways to curb buyers going around car loan limits https://www.straitstimes.com/business/mas-looking-at-ways-to-curb-buyers-going-around-car-loan-limits Link cannot click ↡ Advertisement Link to post Share on other sites More sharing options...
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