Serious Car loan rules relaxed

[baahubali]

Bunch of crazy sinkies spending such money, an Ambassador in India costs less than 1/3 of your COE you better take public transport or come live in India like a king

 

[Seee3]

Last time zero down and 100% loan was during which year? That must have been one hell of a crisis...

40 to 50% down payment and max 5 year repayment period was implemented in 2013. Prior to that it was book a car and drive away. You are right. The crisis then was huge but the people were not aware and spent their future earnings on a car. It will happen again this time round.

 

[scroobal]

2003 to 2013. The first bank to offer 100% was DBS. This was when MAS deregulated vehicle loan. It was a poor decision.

Last time zero down and 100% loan was during which year? That must have been one hell of a crisis...

 

[Runifyouhaveto]

- commodities prices generally dropped at least 50% in the past 18 months. This is like Lehman crisis

Implications: some banks are still very excited about their metals, oil and gas exposures, and refuse to write down on debt exposure to this sector.

Noble Group's CEO resigns in surprise move, to sell U.S. energy unit
Mon May 30, 2016
http://in.reuters.com/article/noble-group-ceo-idINKCN0YL04Q

 

[krafty]

Noble Group's CEO resigns in surprise move, to sell U.S. energy unit
Mon May 30, 2016
http://in.reuters.com/article/noble-group-ceo-idINKCN0YL04Q

ah run, any insider info?:o

 

[Runifyouhaveto]

ah run, any insider info?:o

ah RUN never owned Noble Group shares or have insider info.

However, they eagerly announced another larger asset sale on the same day CEO resigned. On surface, it hints that the company needs money AND ASSUMING the CEO did no wrong (including mark-to-market valuations for their commodities exposure), ah RUN speculates the CEO disagreed to further business/asset sales.

Noble needs to shore up her financials, either you sell assets or raise funds. To the CEO, selling businesses (at current low valuations) is like selling his tools. Could the CEO resign because he prefers to raise funds, eg. share placements or rights-issue but the owners/chairman object because it will either dilute the owner's shareholdings or they have to inject fresh funds into the company.

Come on, ask IE Singapore, and wouldn't they agree that Noble is more important to Singapore than Wilmar or Olam in many ways. If Noble is placing out shares, wouldn't the Singapore or China govt be at least a little interested?

Noble's difficulties can only be overcome after capital base of the company is enlarged.

 

[krafty]

ah RUN never owned Noble Group shares or have insider info.

However, they eagerly announced another larger asset sale on the same day CEO resigned. On surface, it hints that the company needs money AND ASSUMING the CEO did no wrong (including mark-to-market valuations for their commodities exposure), ah RUN speculates the CEO disagreed to further business/asset sales.

Noble needs to shore up her financials, either you sell assets or raise funds. To the CEO, selling businesses (at current low valuations) is like selling his tools. Could the CEO resign because he prefers to raise funds, eg. share placements or rights-issue but the owners/chairman object because it will either dilute the owner's shareholdings or they have to inject fresh funds into the company.

Come on, ask IE Singapore, and wouldn't they agree that Noble is more important to Singapore than Wilmar or Olam in many ways. If Noble is placing out shares, wouldn't the Singapore or China govt be at least a little interested?

Noble's difficulties can only be overcome after capital base of the company is enlarged.

so des ne...

ah run, izzit time to snap up commodities?:o

 

[Runifyouhaveto]

so des ne...

ah run, izzit time to snap up commodities?:o

paiseh no sure bro
But look into companies that uses a lot of natural resources in the course of their work,
eg. Crashing rubber prices but my car tyre prices never drop
Tyre companies making tonnes because their raw material costs is almost like free now hahahhaa

 

[krafty]

paiseh no sure bro
But look into companies that uses a lot of natural resources in the course of their work,
eg. Crashing rubber prices but my car tyre prices never drop
Tyre companies making tonnes because their raw material costs is almost like free now hahahhaa

no worries, hope great china will load up iron ores and other commodities soon.:o

 

[Runifyouhaveto]

Easing of car loan rules comes with potential downside
http://news.asiaone.com/news/singapore/easing-car-loan-rules-comes-potential-downside

The flagging Singapore economy which will benefit from the stimulus. In easing the more than three-year-long restrictions, the MAS said that the adjustments were possible with the sustained moderation in COE premiums and resulting inflation. But it also means that COE premiums will probably go back up.

 

[mojito]

ah RUN never owned Noble Group shares or have insider info.

However, they eagerly announced another larger asset sale on the same day CEO resigned. On surface, it hints that the company needs money AND ASSUMING the CEO did no wrong (including mark-to-market valuations for their commodities exposure), ah RUN speculates the CEO disagreed to further business/asset sales.

Noble needs to shore up her financials, either you sell assets or raise funds. To the CEO, selling businesses (at current low valuations) is like selling his tools. Could the CEO resign because he prefers to raise funds, eg. share placements or rights-issue but the owners/chairman object because it will either dilute the owner's shareholdings or they have to inject fresh funds into the company.

Come on, ask IE Singapore, and wouldn't they agree that Noble is more important to Singapore than Wilmar or Olam in many ways. If Noble is placing out shares, wouldn't the Singapore or China govt be at least a little interested?

Noble's difficulties can only be overcome after capital base of the company is enlarged.

Better to sell assets at low price, or shares at low price?

 

[Runifyouhaveto]

PRs can drive Uber too right?
PRs can drive taxi?

 

[bushtucker]

paiseh no sure bro
But look into companies that uses a lot of natural resources in the course of their work,
eg. Crashing rubber prices but my car tyre prices never drop
Tyre companies making tonnes because their raw material costs is almost like free now hahahhaa

actually tyre prices do drop. don't ever buy new product launch models.

when the michelin PSS first came out it was selling at a bonkers price of $420 per piece (225/40 ZR18), after 1.5 years it has dropped to $270 per piece.

do check out tyre wholesalers for better pricing.

 

[bushtucker]

The only gong kias are those waiting for COE to drop.

true. both types are just as gong. those who rush in now are hoping to loan more. let's see how they can pay off their loan in the second half of the year when retrenchment season sets in.

 

[Runifyouhaveto]

Noble needs to shore up her financials, either you sell assets or raise funds. To the CEO, selling businesses (at current low valuations) is like selling his tools. Could the CEO resign because he prefers to raise funds, eg. share placements or rights-issue but the owners/chairman object because it will either dilute the owner's shareholdings or they have to inject fresh funds into the company.

Come on, ask IE Singapore, and wouldn't they agree that Noble is more important to Singapore than Wilmar or Olam in many ways. If Noble is placing out shares, wouldn't the Singapore or China govt be at least a little interested?

Noble's difficulties can only be overcome after capital base of the company is enlarged.

Noble just announced US$500 million rights issue
Founder Chairman to step down.

 

[Runifyouhaveto]

COE big-spiked after car-loan regulations relaxed
http://www.straitstimes.com/singapo...e-mostly-higher-at-first-tender-for-june-2016


Category Current COE premium ($) Previous COE premium ($)
A - Car (1600cc & below) $53,694 increased from $47,020
B - Car (above 1600cc) $56,000 increased from $49,156