Lease or buy car?

[IamTiong]

Motor firms get creative to woo buyers


By Christopher Tan, Senior Transport Correspondent

MOTOR companies are coming up with innovative ways to entice car buyers put off by the recent cooling measures.

These range from a leasing deal that allows customers to drive away with a new Mercedes-Benz E200 with no downpayment to a buyback scheme that lets them own a Porsche Panamera for just $788 a month.

The arrangements are offered mainly by companies selling premium and luxury brands, as these are the ones most affected by the cooling measures.

In February, the Government restricted most car loans to 60 per cent of the purchase price - compared with up to 100 per cent previously - and imposed a tiered taxation system placing the heaviest burden on luxury vehicles.
Copyright © 2013 Singapore Press Holdings. All rights reserved.

 

[po2wq]

Lease or buy car? ...

neither ...

ride a chaufeurred merz ... take buzz! ...

 

[Leongsam]

Get an accountant to do the sums.

My new car is leased. It's about $400 per year less in taxes.

There are different sorts of leases too. Make sure you choose the one that suits you.

Examples at http://www.tfs.co.nz/car-loans-and-car-leasing/

 

[mollusk]

Must pay $235k to stuggart motor.Then pay $788 for 3 years..

 

[watchman8]

This is call 道高一尺，魔高一丈。

Futile for LTA to tweek the COE scheme. Just up the peak hour ERP charges and let any mother dog buy a car if they so want. Let's see how many people will want to drive into CBD during peak hours if the charge per entry is $20.

The moment car price drops when COE plunges, the prestige factor of car ownership will drop as people will realise that keeping the car is really useless.

 

[IamTiong]

Friend tell me its you put 235k downpayment first. Then pay the 700+ per mth for 3 yrs. End of 3 yrs you take your 235k back.

 

[Cestbon]

Friend tell me its you put 235k downpayment first. Then pay the 700+ per mth for 3 yrs. End of 3 yrs you take your 235k back.

So good deal meh? Can take back $235k.
Any hidden cost? Insurance, must do maintenance it it workshop mark up super high price..........................
if all cover then I will also rent.

 

[IamTiong]

All-in. Guess the 235k deposit is like a performance bond to make sure you dont buang the car

So good deal meh? Can take back $235k.
Any hidden cost? Insurance, must do maintenance it it workshop mark up super high price..........................
if all cover then I will also rent.

 

[kulgai]

Get an accountant to do the sums.

My new car is leased. It's about $400 per year less in taxes.

There are different sorts of leases too. Make sure you choose the one that suits you.

Examples at http://www.tfs.co.nz/car-loans-and-car-leasing/

Let me guess, yrs must be a bicycle withno seat?