Jump to content

  • 1
  • Search this thread
  • This topic is locked This topic is locked
3 replies to this topic | 0 praises

#1

Posted 07 March 2013 - 05:29 PM

Caaa
  • THREAD STARTER
  • Premium member
    Caaa
    5th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    Author Image
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    1,759
      Joined: 13 April 2003
      Posts: 1,748
     
Recent MAS ruling has caused a stir to car buyer and car trader angry.gif .

MAS claimed that it is to ensure people do not over loan, however their method will in fact make certain group of buyer who really need (not want) a car but do not have enough cash by getting caught in the situation.

Why not MAS set up a new credit assessment body - car buyer would need to have themselves assessed so to get Repayment Capability Report before buying a car if they intend to take a loan.

E.g. If a person RCR is $60k, if he wish to buy a $60k car, be it new or used, he would not have to pay any down-payment, that applys to any car that is below $60k. However, if he wants to buy a $80k car, then he would have to pay the difference, which is the down-payment. By doing so, it may effectively manage the over loan issue. And MAS could at anytime adjust the rule, such as one could only loan up to 80% of his RCR...... dry.gif

I think this is more straight forward than current scheme and also good to let everyone know what is their repayment capability, so that he would not go beyond what he could afford.

What do you all think? rolleyes.gif

#2

Posted 07 March 2013 - 05:32 PM

Newdrive
  • Newdrive
    4th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    Author Image
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    638
      Joined: 26 August 2012
      Posts: 804
     
i sense yellow card coming your way... like how i kana also
QUOTE (AboutLove)
About Love Production - Pre Wedding, Events & Travel Photography

#3

Posted 07 March 2013 - 05:33 PM

Unfair
  • Premium member
    Unfair
    6th Gear
    The points of the user determines the rank. The higher the points, the higher the rank.
    Author Image
    The bar represents the rank and points of the user. The longer the bar, the higher the rank and points.
     
    Points:
    Points are accumulated from other users who Praise or Disliked this users' posts.
    2,542
      Joined: 08 August 2008
      Posts: 2,365
     

i sense yellow card coming your way... like how i kana also


Bro, did they inform you why you kena ?

Mine no notification no nothing...

Pepi18022009 (For Fifa14/GTA V)


#4

Posted 07 March 2013 - 06:02 PM

RadX
  • Premium member
    RadX
    Moderator
      Joined: 28 February 2002
      Posts: 70,128
     

i sense yellow card coming your way... like how i kana also



bookmarked...will read after you are banned dry.gif
RESPECT is only for the DEAD!
CirclesLife Code: RADX89


  • 1
Back to General Car Discussion  ·  Cars Top
SgCarMart Quotz



Tags: Open, Discussion, Car, Loan

1 user(s) are reading this topic

0 members, 1 guests, 0 anonymous users