i reckon will reach <50k within 3 mths.Originally Posted by azeoprop
work backwards, most normal families only can fork up about 10-30k of downpayment. this means 60k car price give or take. possibly we will be seeing 70k corollas again.
i reckon will reach <50k within 3 mths.Originally Posted by azeoprop
work backwards, most normal families only can fork up about 10-30k of downpayment. this means 60k car price give or take. possibly we will be seeing 70k corollas again.
There is no good or bad location. There is only good or bad price.
Looking forward to that day. Just got to wait a while.Originally Posted by Shanhz
i am waiting for those 2011-2012 cars to reach the resale mkt. by then they shld be selling at scrap value. i love buying cars at scrap value - ah gong give you full money back guarantee. and no dealers making high margins from the sale.Originally Posted by DC33_2008
There is no good or bad location. There is only good or bad price.
If this is true and prices are coming down, I am really glad i didn't upgrade my v old family car late last year and lose out big time. Now I can wait patiently for prices to reach the next stable price and then upgrade.Originally Posted by Shanhz
If this is true and prices are coming down, I am really glad i didn't upgrade my v old family HOME late last year and lose out big time. Now I can wait patiently for prices to reach the next stable price and then upgrade.Originally Posted by ysyap
will this happen?
There is no good or bad location. There is only good or bad price.
I still have 3 years to go. Hopefully can get a good deal.Originally Posted by ysyap
You are quite right to point out that these car owners who bought new cars these last 1 or 2 years will have to sell their cars (if they choose to) near scrap values if car prices really plummet. The other option is to just de-register. If so, then COE quantum will drop again... Lol...Originally Posted by Shanhz
Actually yours is an ideal situation if you can wait through the 3 years. Not only will the latest CM for car bring down car prices, 2015 will see a huge number of de-registration of vehicles on the road. That will also bring down car prices. Double effects at work and bring joy to car buyers in 2015. Mine car will hand in I/C that same year. Not sure if can secure good deal yet... maybe I won't even wait..Originally Posted by DC33_2008
well, i always buy my cars by offering 1k above scrap to sellers who intend to de-reg their cars. the recent coe rally destroyed my hopes and i have driven my current car 3 yrs now (last time always chng car every 2.5 yr).Originally Posted by ysyap
hope the good old days return.
There is no good or bad location. There is only good or bad price.
Look forward to this day, at least hope that the Coe price is at reasonable level..Originally Posted by ysyap
My car due by 2008... So still got time to wait and see..
Originally Posted by Shanhz
nope there are many Singapore people with $$$...
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
The good days will and must return... Lol... watch next bidding exercise to get an idea..Originally Posted by Shanhz
Good for you... me can't wait so long...Originally Posted by zzz1
50% down. such a waste of good money that can be used to buy properties.
This is what I think also.... But this is a good policy that should be out early... Imagine those who have bought last year with such a high COE... A good chance they will also scrap their car... to go for cheaper COE... So the available COE will increase even more... The initial few month is critical...Originally Posted by Shanhz
COE is to control the number of cars by increasing the price of cars.. but if we allow people to take loan for COE, it really make not sense anymore.. But I feel now is a good time to open financial company to give personal loan. Singaporean is all cash poor... Now with the new limits on property and car loans.. I believe personal loan will flourish...
But I don't know why the loan limit will affect the price? I remember a few years ago, major cities in China also try this method to prevent people from buying cars. But the car buyer just mock the government policy on the news saying what is the big deal, we pay cash for our car... China is a third world country and Singapore is a first world country... Why China can pay 100% cash but Singapore we have to take loan?
wow China is a third world country? which world do u live in?Originally Posted by RCT
those 50K OMV normally use PO to pay. So no worries on affordability. Just take out the option on the Sunroof lor ...Originally Posted by chestnut
Agree with the first part. in developed countries its all leverage. For example in US. even u go to the car show room with cash and without a credit history ( i.e. never borrow $ b4) they wont sell u the car. Unless u loan.Originally Posted by RCT
This round should work to take some of the demand out of the market. i know of people that took beyone 100% loan just to buy audi and frankly they cannot afford it.
“Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
― Martin Luther King, Jr.
OUT WITH THE SHIT TRASH
https://www.facebook.com/shutdowntrs
We r living in world class country... Hahaha.. Ok la.. Wrong word.. Should be developing...Originally Posted by price
U mean pay stamp duty...Originally Posted by kane
In the final analysis.....its NOT whether you have a diploma,degree,masters OR PHD....its whether you have a HDB/PC/EC or LANDED...
Think 50% loan only and 5 years max is the lousiest policy ever. The policy has no concern about what is good for the car buyers and the people (which is super low interest rate benefits car buyers taking max loan). There is even no good rationale why it needs to be done! I believe they are thinking to keep COE from rising? However, to keep COE from rising, they have better weapons:
1) Change COE scheme to "Pay what you bid"
2) Ban car dealers from bidding on your behalf.
However, they choose not to implement the 2 supposedly most effective policies and come out with some !
Originally Posted by RCT
I agree with the first point especially. Those luxury car dealers dare to bid $150,000 COE then let them pay $150,000 if the clearing bid is at $90,000. Afterall, they were prepared to pay that much mah.Originally Posted by teddybear
Good day to go car shopping for good deal or at least to feel the sentiment.
i heard bmw and audi up their price to reflect the higher ARF charge. But I guess their COE rebate will also be pretty high?Originally Posted by DC33_2008
Yep....Originally Posted by kane
In addition, over trades on your vehicle are reduced.
Also..... valuations for resale vehicles plunged overnight
Second hand dealers kenna jia lat jia lat overnight.
Just sent my car for servicing. We were discussing on COE and second hand car. He mentioned that it is not a bad idea to renew the COE for five or ten years if the prevailing COE comes down to 50k. It may be beneficial for those currently in the 50s. Another 10 years with will 60s and may not be buying another one. He mentioned continental car servicing cost a boom. Some of the newer continental cars are not that reliable like the older model. Some may give problem after 5 years.
I had one conti car that was it. The japs don't have as good a road holding feeling but its reliablility more than makes up for it.Originally Posted by DC33_2008
Not true, my dad is still driving. He's 80....Originally Posted by DC33_2008
Sure. I have a friend who ask the dad to drive an old merc so that people will give way to them but he drives at only 60km/h. Another one got a yellow triangle for his mum.Originally Posted by sh