New Car loan restriction
 

FxxK, new car loan restriction imposed today with bank loan limited to 60% with the maximum cap of 5yrs repayment.

With this imposed many of our bros here will have difficulty to get new car in future. This will result in less chance to get in between gal leg.

Can any bro out there do a calculation base on S$150,000 car, how much we need to pay for monthly instalment.

sigh sigh sigh

Re: New Car loan restriction
 

150k car

40% = 60k needed to be forked out yourself
60% = 90k from loan
over a 5 year loan = 60 months

per month you need to pay 1.5k (note sum excluding loan interests)

so bloody hell unless your taxi fee per month can hit 2k then you buy car cos of other consideration like insurance oil .etc

so basically... let's all take cab together

Re: New Car loan restriction
 

Let hope this system can get cheaper car lor.. Less COE price..

Re: New Car loan restriction
 

taxi companies going to be even richer. they buy taxi, no need to bid for coe, got tax rebate and dont have restriction for the loan.

Re: New Car loan restriction
 

Meet and fuck, own transport, so no need to worry fetching here and there. Save money to pay for fuck. Why gif money to garmen and let the vehicle kena rain and shine and parking in parking lot? Can walk to destination for sex, exercise and more healthy. :p

Re: New Car loan restriction
 

yes a lot ppl own cars did not cater in unforsee or uncatered charges like wear and tear etc

it cost a lot actually...

unless company sponser you or that is your excess cash... cab is usually cheaper

Re: New Car loan restriction
 

lol.. keep fit for fitter dick rite?

Re: New Car loan restriction
 

hope the coe prices will drop then.......

Re: New Car loan restriction
 

the rule is applicable to NEW and USED Car..

Re: New Car loan restriction
 

I drop my pants faster loh.......:D

Re: New Car loan restriction
 

Re: New Car loan restriction
 

Fuck man i tell you, cb !
As a sales person, i am very very disgusted by it.
Not only did it scrap my plans to buy car next month, but i have to continue BMW liao...:mad:

Re: New Car loan restriction
 

last time got this rule that monthly instalment multiply by 3 cannot exceeds your monthly pay. ...... now still have or not? if have lagi worst!

Re: New Car loan restriction
 

bro, now is the cash downpayment that KILLLL

Re: New Car loan restriction
 

This will affact those salesman whom need a car.