Re: New Car loan restriction
 

So Ppl like us, 40+, get married 10yrs ago, than buy flat, renovation, bank already S$0 cash, plus give birth to 2kids, where got hard cash, when we say hard cash is few K have la, for rainy days.

KNN, ..................

Re: New Car loan restriction
 

Next time, we only see police car, ambulance, military vihecles, minister car and top 10% of rich man car on the road. Becase we got so many hurdle to clear before buying a car.

Re: New Car loan restriction
 

catch all go to jail lah...see whether 拘留所 or changi prison can accomodate so many people or not lor...but the worst thing is what? Singaporean are either bochap or scare....don't misunderstood me...i myself is a singaporean...but i hate this fact now...:(

Re: New Car loan restriction
 

just my humble 2 cents worth of thought.......

isn't the new "restrictions" implemented due to people (like us) complaining about high COE prices = high car prices? :o

Re: New Car loan restriction
 

:( , I felt it too...

Re: New Car loan restriction
 

err, but it make no sense leh...people complain COE is high such that people cannot afford a normal toyota vios because it is going to cost more than $100K...then now...loan shortened to 5years is like strangling the already bottlenecked situation further? how does this help, please tell me? to redefine the rich and and the low/middle-class people?

Re: New Car loan restriction
 

Sinkapour Taxi Academy will see a sudden rise in tdvl enrolment due to many ppl will rent taxi to use as their personal transport, instead of takin a cab everyday. Isn't it better for us to drive a cab ourselves instead. Summore pump co. diesel cheaper than petrol.
I believe a strong grp of insurance/property agents & outdoor salespersons will be doin dat.

Re: New Car loan restriction
 

Ning, in a way it is going to define low/middle clss people. What are expecting in the near future:

1) Possible sharp drop in COE price to a point it will stablise, I foresee ard 30K-40K
2) Those already owning a car will not be too much affect as they have car to trade in thus lower their cash payment.
3) Parking fee, ERP and inch up slowly without realising as inflation continue to rise.
4) road tax goes up
5) insurance premium goes up as car cost increase
6) Car wrokshop business improve as average car age increase mean more maintenance and using up their 3 yrs free servicing etc
7) Those car owner who buy the COE at the high peak period from early last year till last Jan may change their car in 2-3yrs car to minimise their losses once COE hit low.
8) COMFORT AND SMRT profit will go up thanks to the lesser tax and increase in fee ; it a routine, they bond to find some lame reason to increase.

P.S: this is my personal opinon only

Re: New Car loan restriction
 

so everyone should register a company, u buy from me, i buy from u, so its an 'active' company. Gov also happy, since they encourage more ppl to start biz, best part is first 3yrs's first 100k profit is TAX FREE !!! make sure u just earn 99.9k for the year.. got excess... just PM me, would be happy to help you spend.. heee

once u bought the van, can bonk inside, best to 'van pool', couples take turn to bonk inside, pay rental to van owner.. good idea right? then our dear H81 or Frag also have to drop price to compete for biz, price lower = lower inflation? :D

Re: New Car loan restriction
 

everything price also up....FL up, Car up, House up....only left the fucking PLP ministers wifes we haven't up for them when they are not free...:mad:
that is too slow already...people are already doing it....now there is new regulation for taxi drivers to be "driving around fetching passengers 85% of the time"....so more and more hard to go by left already...
this is a good idea....:D
other than this...the rest are not benefits to people right? but $30-$40K is not cheap either....

Re: New Car loan restriction
 

I cannot understand why is it THEY push out 2 such unpopular policies at the same time, the 6.9 m White Paper and now car loan restrictions.

With recent protest at Speakers’ Corner, it is known that the 6.9m population will further dampen the already affected job market for the white collars. With the new car loan policy, it will affect up to the middle-class Singaporeans while leaving the rich with a mere pinch.

Maybe it is because this is 2013, and THEY hope that Singaporeans will forget all these by 2016?

Re: New Car loan restriction
 

they never die before mah...没有死过。。they tink they are invincible...yes, white collars SINGAPOREAN like me are badly affected already...i feel that they just 一意孤行 despite hearing our thoughts...the ecomomy is growing or not in Singapore is not exactly our problem, but each and every of our ricebowl is really our problem....given those foreigners whom are not prostitutes coming here...

Another way is they think they should be able to consolidate enough foreigners to become citizen to go against the singaporean will lor...by 2016, add a few hundred dollars "sweetener" give to us as Ang Pow JUST before election then expect us to vote for them....true enough, those foreigners will be very happy with the Ang Pow and sure vote for them....:(

Re: New Car loan restriction
 

Ning, think we can going adrift into politic issues. I also have my fair share of comments and fustration on Sngapore politic, but let keep tihis off SBF as forum rules stated.

Re: New Car loan restriction
 

Coe will drop but tax will up, in the end still the same

Re: New Car loan restriction
 

And can ask the customer if he wants to go anywhere, after u fetch him there, charge him booking fee as well... :D