awhtc 6th Gear October 4, 2022 Share October 4, 2022 Car loan interest rates in S'pore hit 2.78% after US Fed's latest hike SINGAPORE - On top of rising car prices that come with record prices for certificates of entitlement, buyers of new cars here now have to fork out even more for loans. Some banks and financial institutions have raised interest rates to 2.78 per cent. This is an increase of 0.5 percentage point from the 2.28 per cent interest rate reported in May. https://www.straitstimes.com/singapore/transport/car-loan-interest-rates-in-spore-hit-278-after-us-feds-latest-hike ↡ Advertisement 3 1 1 Link to post Share on other sites More sharing options...
ER-3682 Twincharged October 4, 2022 Share October 4, 2022 Will this cause COE to crash.?Tomorrow will know. 2 5 Link to post Share on other sites More sharing options...
inlinesix Supersonic October 4, 2022 Share October 4, 2022 1 minute ago, ER-3682 said: Will this cause COE to crash.?Tomorrow will know. Unlikely. Interest rate has been rising the entire year 1 Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 4, 2022 Share October 4, 2022 (edited) It is why I am still driving a coe car...and will continue to drive COE car. 😄😄 Edited October 4, 2022 by Ct3833 9 Link to post Share on other sites More sharing options...
Daniu82 Supercharged October 4, 2022 Share October 4, 2022 What loan? I thought everyone here is full cash de? COE won’t crash because of this lar. 2 8 Link to post Share on other sites More sharing options...
Inlinefour Twincharged October 4, 2022 Share October 4, 2022 MCFers don’t care one 100% also sub sub water cos All Full Cash 🤑🤑🤑 1 1 Link to post Share on other sites More sharing options...
13177 Supersonic October 5, 2022 Share October 5, 2022 Interest rate for property and car all went up so much? But price for property and car still crazy high? So what it means le? 😂 Link to post Share on other sites More sharing options...
Ct3833 Supersonic October 5, 2022 Share October 5, 2022 (edited) 52 minutes ago, 13177 said: Interest rate for property and car all went up so much? But price for property and car still crazy high? So what it means le? 😂 Many might have managed to secure low interest early this year or last year, when their two years fixed rate tenure are due for renewal next year, some may have to let go their properties if they cannot afford the high interest rate anymore. We have yet to see how many have huge cash liquidity to fend the increasing interest rate. Soon we may also see those youtube gurus start teaching people how to flip properties from 1 to 2 to 3 and 4 or more under high interest rate. Edited October 5, 2022 by Ct3833 5 Link to post Share on other sites More sharing options...
Soya Supersonic October 5, 2022 Share October 5, 2022 10 hours ago, Daniu82 said: What loan? I thought everyone here is full cash de? COE won’t crash because of this lar. Loan is a 4 letter word in MCF ok? 5 Link to post Share on other sites More sharing options...
Volvobrick Supersonic October 5, 2022 Share October 5, 2022 55 minutes ago, Soya said: Loan is a 4 letter word in MCF ok? MCF only has 2 x 4 letter words. 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 5, 2022 Share October 5, 2022 Who take loans in MCF? 1 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 5, 2022 Share October 5, 2022 20 minutes ago, Volvobrick said: MCF only has 2 x 4 letter words. Cash full? 2 Link to post Share on other sites More sharing options...
Jamesc Hypersonic October 5, 2022 Share October 5, 2022 Faster come to jamesc used cars before rates go higher. Buy buy buy bye bye Link to post Share on other sites More sharing options...
DOBIEMKZ Turbocharged October 5, 2022 Share October 5, 2022 25 minutes ago, Jamesc said: Who take loans in MCF? 🙋♂️ Link to post Share on other sites More sharing options...
Showster Twincharged October 5, 2022 Share October 5, 2022 Will just renew COE when it comes… 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic October 5, 2022 Share October 5, 2022 (edited) 2.78% or 27.8% .... what is the diff full ca$h ... but i will keep my current car till 10 years ... lol Edited October 5, 2022 by Wt_know Link to post Share on other sites More sharing options...
13177 Supersonic October 5, 2022 Share October 5, 2022 40 minutes ago, Wt_know said: 2.78% or 27.8% .... what is the diff full ca$h ... but i will keep my current car till 10 years ... lol 10 years very fast come one, esp if your current car already more than 4-5 years old liao. Unless you have just bought your car not long ago, then still long way to 10 years la. Lol. Link to post Share on other sites More sharing options...
Wt_know Supersonic October 5, 2022 Share October 5, 2022 21 minutes ago, 13177 said: 10 years very fast come one, esp if your current car already more than 4-5 years old liao. Unless you have just bought your car not long ago, then still long way to 10 years la. Lol. 8 years to go ... lol ↡ Advertisement 1 2 Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Planning to buy a COE renewed car, can take full loan?
Planning to buy a COE renewed car, can take full loan?
Which bank offer lowest interest rate for personal loan.
Which bank offer lowest interest rate for personal loan.
how to apply car loan for direct owner purchase?
how to apply car loan for direct owner purchase?
Cpf oa 2.5% OCBC 3.4%
Cpf oa 2.5% OCBC 3.4%
Which bank offers better housing loan package now?
Which bank offers better housing loan package now?
Wheelchair needed for Short term
Wheelchair needed for Short term
Sri Lanka Crisis
Sri Lanka Crisis