MAS lifts current car loan curbs for 60 days for some used cars

[GoldenDragon]

no need to pity saleman.they can continue their con job at other company

Sim LIm Square is their next destination. They should feel at home there.

 

[johnny333]

the osim matriarch has relations to the used car business. sibling is very wealthy because of it. it shows the used car trade in sg is an extremely lucrative business until mas decided to play punk with it. obviously the banks are heavily involved. otherwise, mas will be reluctant to provide relief.

There is no mystery in how the PAP operates, just follow the money trail

 

[ykhuser]

Lift or not no big deal because there is finance company willing to 90% of the purchase. It just some stupid sinkie dont know bcos follow black n white also dont buy car , if really want to buy car the car dealer will tell them there another option finance company.

borrow from money lender and pay the downpayment.
gov scare then business thrive for money lender
the chain effect..

 

[Cerebral]

Anyone know the skinny to why the sudden policy to curb loan amount for cars?

It smells like something screwed up big time and they had to do it....

 

[ykhuser]

already say..sometime ago, a brother here post that the real casue of high coe price is due to singkie allows to take 90%-100% loan.
even $1.8k earner technican also want to buy car.
the gov saw the point...use it,bingo
who say the best solution must comes from the minister?
sometime the commonor people see more clearly

 

[liketogossip]

nw say 60 days. Don't know will extend another 60 days.

 

[NoOnEsAwMe]

nw say 60 days. Don't know will extend another 60 days.

if i were a used car dealer, i would fire-sale my stock to clear off as much as possible in these 60 days.

 

[nycheong]

if i were a used car dealer, i would fire-sale my stock to clear off as much as possible in these 60 days.

Can export them to neighbouring countries to benefit them.