PAP says Car for cash rich people only..... the rest can fark spider take bus....

[OppaGANGNAMStyle]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

Good morning and have a good day.

Good morning buddy. You have a good day too. :oIo:

 

[SC0RPION]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

Good morning buddy. You have a good day too. :oIo:

You too, thank you. This thread very convenient for u hor?

 

[OppaGANGNAMStyle]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

You too, thank you. This thread very convenient for u hor?

Yes indeed.

 

[kopiuncle]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

Siao Liao, those ah bengs, mats who want to loan max will kiss their car dream bye bye

good measure. those who cannot afford, don't drive.
some take massive loans and then crash their lives and the lives of others.
so many cars, many do not belong to the drivers......good measure!

 

[kopiuncle]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

Lord Shiva went past BMW showroom and everybody like in a fucking frenzy ....suspect COE will shoot up again for this month ,.......just what the PAP wanted

those BMW buyers are obscenely rich. they simply snap everything from key chain to wind breaker....tried the new BMW 316 !!!! damned stylo the mylo!!!!! drooling man!!!

 

[watchman8]

I agree with you. Lesser number of available COEs from February onwards (approximately 220 less per month) means they have to sell the cars at a higher price in order to earn the same amount of profits as before. If they don't jack up the prices, sooner or later they will have to close shop or downsize.

http://app.lta.gov.sg/data/apps/news/press/2012/COE_Quota_Aug12-Jan13.pdf
http://app.lta.gov.sg/data/apps/new..._QuotaforBiddingExercisesfromFeb13toJul13.pdf

Your scenario will happen only if the car market is not competitive, but this is not the case.

 

[Cestbon]

How? Demand is going to soften because of huge upfront payment. Supply remains the same. Car dealers need to clear stock. I think mass market car prices will drop significantly, though luxury car price drop will be less pronounced.

COE drop. Car tax up(ARF) so in the end price will remain same.

 

[8868]

Now car is for rich people

 

[8868]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

....tried the new BMW 316 !!!! damned stylo the mylo!!!!! drooling man!!!

Hello Uncle, wu pic boh?

 

[looneytan]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

Ha, last night car showrooms opened till midnight

 

[watchman8]

Now car is for rich people

In which country is car meant for poor people? Cars has always been for the richer folks, just like condos and landed properties in nice locations.

 

[watchman8]

COE drop. Car tax up(ARF) so in the end price will remain same.

The ARF effect will be bigger for luxury cars, hence I think luxury cars will only see a small dip in prices.

However, for economy cars, the ARF hike will be much less than the potential drop in COE.

Overall, the new car market will see a lot of people dropping out as the cash up front is too much for an expense item. Unless car companies bypass new MAS ruling by giving out disguised 100% loans.

 

[winners]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

COE can be anticipated to drop slightly due to the weeding out of the marginal buyers, but the overall selling price of the car may not because of the new increase in the ARF tax. Fucking PAPies government: left hand give and right hand takes back.

 

[Brightkid]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

Does the rich cares, or even knew about existence of COE or ARF? If their garage has a gap or a new model launched, they get their ahmad to go buy a car to fill it up! It is all about face.


Those get hit badly are the lower income ppeople who really need a car to earn a living.

 

[Narong Wongwan]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

For those who factor COE price drop into their considerations to getting/changing new cars are also ''marginal" car owners.

 

[Narong Wongwan]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

Does the rich cares, or even knew about existence of COE or ARF? If their garage has a gap or a new model launched, they get their ahmad to go buy a car to fill it up! It is all about face.


Those get hit badly are the lower income ppeople who really need a car to earn a living.

Yes on paper it looks like the rich getting screwed but fact is the truly rich ones won't be bothered.
It's the have nots and wannabes that are getting screwed.

 

[Glaringly]

Re: MAS to place cap on motor vehicle loans from Tuesday Feb 26

There goes my dream.

 

[Narong Wongwan]

Overall, the new car market will see a lot of people dropping out as the cash up front is too much for an expense item. Unless car companies bypass new MAS ruling by giving out disguised 100% loans.

I'm sure they will be back.
Rebate, ridiculous high trade in, deferred payment, free installment period, progressive repayment....you name it they can be very creative. LPPL back to square one.

 

[watchman8]

I'm sure they will be back.
Rebate, ridiculous high trade in, deferred payment, free installment period, progressive repayment....you name it they can be very creative. LPPL back to square one.

They can only reduce the impact of new ruling at the margin. It is pretty hard to overcome 50% loan and 5 years limits. No more zero dollar drive away deals. Want a new car? At least 40% cash up front. Even the richer folks will curse and swear.

 

[streetsmart73]

Look like they never listen after all. What about all our suggestions...pay as u bid, do not allow car dealers to bid..etc

hi there


1. aiyoh! bro
2. get real leh!
3. dafter sheep don't listen.
4. they are instructed just to follow orders & instructions.
5. from its grand masters