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A car dealer told me car insurance must include COE amount. Another told me it is not requried but some anal loan companies still want it (eg: Huat Lai Finance and U Owe Bigtime). I'm inclined to believe the second dealer. Why should I insure an intangible (figment of shortfxxk's imagination) item like the COE?

ST Forum Jul 29, 2011 Loan quantum puts flat beyond reach MY WIFE and I heeded the Government's call to have more babies and have more than reproduced ourselves with three wonderful children. With a growing family, an elderly parent and a maid, my family of seven was badly in need of a bigger living space. We decided to make use of our second and final chance to apply for new build-to-order (BTO) subsidised public housing. After close to a year of unsuccessful applications, we were overjoyed to be finally invited to select a BTO flat. But our joy proved to be short-lived. The subsidised public housing we selected costs close to half a million dollars. Our combined income of more than $7,000 is at the high end of the Housing Board's income ceiling. Yet when we applied for an HDB loan, we were surprised that the board required a downpayment of 60 per cent - more than a quarter of a million dollars - on the purchase price. The HDB offered a maximum loan of only $188,000 on a half-million-dollar public flat. I truly wonder if public housing is affordable any more if citizens, like my family who have heeded the Government's call to have more children, have to find more than a quarter of a million dollars to make the downpayment on a subsidised public flat. Shi Weilong

What is the loan quantum that you have taken on your current car?