BengGaBoy 2nd Gear April 14, 2013 Share April 14, 2013 SINGAPORE ↡ Advertisement Link to post Share on other sites More sharing options...
BengGaBoy 2nd Gear April 14, 2013 Author Share April 14, 2013 Looks like a lot of people still need more than 50% loan and also more than 5 years repayment period. Anyway, the above sale should not be due to the lower prices from dealers that induces such deals. Link to post Share on other sites More sharing options...
200sx Neutral Newbie April 14, 2013 Share April 14, 2013 These ppl ought to be chopped. Stupidly they did not know after the 60 days, their car depreciate greatly since COE and car price drop. They re forever stuck with the artificially rised loan within this 60 days window. Lets see after the window period, who are the ppl crying father crying mother again. Link to post Share on other sites More sharing options...
Jordanplus 1st Gear April 15, 2013 Share April 15, 2013 These ppl ought to be chopped. Stupidly they did not know after the 60 days, their car depreciate greatly since COE and car price drop. They re forever stuck with the artificially rised loan within this 60 days window. Lets see after the window period, who are the ppl crying father crying mother again. If the intend to change car before the the COE is due, then they will know they gonna lose alot, need to fork-out alot to settle the outstanding loaan. can see that most of the cars listing in sgcarmart are 15k to 20k above their current paper value. Link to post Share on other sites More sharing options...
Ender Hypersonic April 15, 2013 Share April 15, 2013 So it seems the buyer are more desperate for the loan than the seller to clear stock... Seller:1, Buyer:0 Link to post Share on other sites More sharing options...
13177 Supersonic April 15, 2013 Share April 15, 2013 Looks like a lot of people still need more than 50% loan and also more than 5 years repayment period. Anyway, the above sale should not be due to the lower prices from dealers that induces such deals. Obviously majority people here need more than 50% loan and more than 5 years repayment period. Dont think there are many people are cash rich and able to downpayment 40-50% with 5 years or less loan. So during this 60 days window, many people would not miss this opportunity to buy a car on old car loan ruling. Many afraid if they dont buy within the 60 days, they will never have a chance to buy car liao. Link to post Share on other sites More sharing options...
Gee 1st Gear April 15, 2013 Share April 15, 2013 does it mean (at least) 2500 people live beyond their means? Link to post Share on other sites More sharing options...
Friendstar Supercharged April 15, 2013 Share April 15, 2013 I'm just curious why u guys are so concerned with how people spend their money. Link to post Share on other sites More sharing options...
Friendstar Supercharged April 15, 2013 Share April 15, 2013 does it mean (at least) 2500 people live beyond their means? I have a colleague who stays in Holland road and just bought another used car for his daughter on 7 year loan. This car is his 4th, in addition to the merc bmw etc Link to post Share on other sites More sharing options...
200sx Neutral Newbie April 15, 2013 Share April 15, 2013 They are the black sheep who push up the price and make the dealers grinning to the bank. They pushed the price up and make the dealers yaya. They are the artificial market force that will disadvantage the rest of us here. I don't care if they are living beyond their means, but they are creating more jam and inflation. Link to post Share on other sites More sharing options...
Roh96 6th Gear April 15, 2013 Share April 15, 2013 Does it mean there are 2500 less ppl competiting with the next coming COE bidding, since they are diverted to buying used car? Link to post Share on other sites More sharing options...
Roh96 6th Gear April 15, 2013 Share April 15, 2013 I'm just curious why u guys are so concerned with how people spend their money. +1 Link to post Share on other sites More sharing options...
13177 Supersonic April 15, 2013 Share April 15, 2013 Does it mean there are 2500 less ppl competiting with the next coming COE bidding, since they are diverted to buying used car? Lol, does it mean that there are no more cars available in the used car market which qualify full loans, even the 60 days window havent ended yet? Link to post Share on other sites More sharing options...
Roh96 6th Gear April 15, 2013 Share April 15, 2013 Lol, does it mean that there are no more cars available in the used car market which qualify full loans, even the 60 days window havent ended yet? Have lah, it say 7000 used car qualified. So 2500 is only 1/3 of it. Link to post Share on other sites More sharing options...
Tarzan666 2nd Gear April 15, 2013 Share April 15, 2013 Doesnt mean that these people are living beyond their means.. It could also mean that these people have the cash but do not wanna fork out 40% or 50% cash for a car.. im 1 of them..say 100k car..fork out 50k or 40k savings...siao..i rather take mrt..$$ hard to save. Link to post Share on other sites More sharing options...
Erykool 1st Gear April 15, 2013 Share April 15, 2013 agree totally... i rather take higher loan and use the cash to keep as emergency funds or look at nice returns investments. Link to post Share on other sites More sharing options...
Friendstar Supercharged April 15, 2013 Share April 15, 2013 agree totally... i rather take higher loan and use the cash to keep as emergency funds or look at nice returns investments. Yes. Everyone has their own way of managing their financials I think its perfectly fine Link to post Share on other sites More sharing options...
Friendstar Supercharged April 15, 2013 Share April 15, 2013 They are the black sheep who push up the price and make the dealers grinning to the bank. They pushed the price up and make the dealers yaya. They are the artificial market force that will disadvantage the rest of us here. I don't care if they are living beyond their means, but they are creating more jam and inflation. This is a free market Don't get so emotional la ↡ Advertisement Link to post Share on other sites More sharing options...
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