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Grab & Go-Jek driver lip lai - Part 10

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Old 01-07-2019, 11:30 PM   #1156
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LTO if break contract eg 1 yr later got what penalty?
Depends on co. Some co will have no penalty. Some co allow u sell back the car and rebate u a small amount
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Old 01-07-2019, 11:33 PM   #1157
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Phv tak ade midnight surcharge, that's why you see those puki mak book grab/gj and when you arrive, theres a long line of green lantern.

Last trip 5km 10 min fare $5.83.... lucky is cc if cash no 1cent coin to give lol

Btw gojek 12am got midnight surcharge?
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Old 01-07-2019, 11:47 PM   #1158
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mai kia mia kia ur school starting soon

cherry pick time

go camp AP tonight
dun 4get offline

check rider fare ,,,if surge on the app and MSW
How can Mai kia, still got 4 week plus contract, if really kena van then Hong gan liao, haha, anyways today fare sucks ball lar sia, I keep car liao
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Old 01-07-2019, 11:48 PM   #1159
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din know rws no grace lolxxx

my fav free parking place
Same, my family member got gold card, everytime passby will go in park awhile go toilet break
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Old 01-07-2019, 11:49 PM   #1160
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I already mention previously LTO is the worst.

The moment u gave up before the lease u lose everything.

If u can afford the installment buy else rent. Never LTO.

U go calculate 5 years how much u paid for this car before owning it. Vs buying it.

How come eh. At least I have the car to myself after 5 years. That is if I have plan to rent for 5 years
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Old 01-07-2019, 11:50 PM   #1161
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Can I check with all the lao jiaos here, how much float do you usually prep before the start of the day ah? Thanks.
I donít know about other old birds here, but personally I prepare around $45 notes ( $10x3, $5, $2x5 ) and $15 coin ($1 and $0.50)
Then in my wallet also will prepare some cash for meal n backup just in case my cash float runs out
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Old 01-07-2019, 11:51 PM   #1162
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Look on the bright side, LTO also can have good thing happened. The Uber incident, back then they have the LTO mazda 3, $86 after Uber rebate $56..6yrs LTO, after Uber pull out, lots want to return the car cause no rebate and lost in income(Uber incentives was much better) until Mazda offer them $56 monthly 3yrs LTO.
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Old 01-07-2019, 11:51 PM   #1163
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U dun need to dp 40%

My freed i dp only 5% taking 95% loan even though interest rate high at 4.58% and 10 years loan it still cost cheaper then LTO...

Previously i was offered $90+ (daily) LTO for freed over 7 years.

$90x30x12x7= $226k!

Now my 95% loan $1152x12x10= $138k

Ya true. I understand but den not all can down 40% also.. not that I die die wan to own a car. It's just that looking for something that I dun really lose out too much while driving for few years ba
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Old 01-07-2019, 11:57 PM   #1164
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Ya true. I understand but den not all can down 40% also.. not that I die die wan to own a car. It's just that looking for something that I dun really lose out too much while driving for few years ba
Remember you dun really "own" the car, you just paying the rental till the end of the COE or scrape car, just like 99yr Lease on you HDB flat. So everyone is just renting the car in different form n prices, lol.
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Old 02-07-2019, 12:01 AM   #1165
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U dun need to dp 40%

My freed i dp only 5% taking 95% loan even though interest rate high at 4.58% and 10 years loan it still cost cheaper then LTO...

Previously i was offered $90+ (daily) LTO for freed over 7 years.

$90x30x12x7= $226k!

Now my 95% loan $1152x12x10= $138k


Ya they love you for taking as much loan and as long as possible, this is how car company actually making money. Bank dun loan, the come out with in-house loan, just like fleet rebate, they also hv in-house rebate, so you can rent for all plaforms rebate. Lol

Last edited by Brovale; 02-07-2019 at 12:07 AM..
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Old 02-07-2019, 12:14 AM   #1166
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Simple maths in my case (freed):

Rent:

$70 (min based on market rate) x 30 days = $2100

Buy:

$1152 + $2500/12 insurance + $684/12 road tax + $150 servicing (ex cos still under warranty only 1 ws can do) = $1567

LTO:

$90x30 days = $2700

Benefits buying over rental. I can afford to rest on weekends due to lower cost.

Previously renting diff cars from $50-60+ per day in the end bought avante second hand which cost $700+ mth but scrap early due to fuel tank leak. In view of long term need, my wife side got 5 pax. If they come sg i cannot fetch all. So logically next car is mpv for my case.

Anyway in long run i still need a car which i why i buy instead. Since already jobless for so long i dun know how long more i be driving ft hence better to have own car then rental. If i lucky enough to find a new job later. I figure i can still afford the car since i can use my dest to cover to fro work. And just do 1 day in weekend. Minimally at least can cover my monthly installment without forking out from my ft job pay.

And cos i stay in jurong west i am not restricted to not finding jobs as far as changi.

Ya they love you for taking as much loan and as long as possible, this is how car company actually making money. Bank dun loan, the come out with in-house loan, just like fleet rebate, they also hv in-house rebate, so you can rent for all plaforms rebate. Lol


Last edited by d3n; 02-07-2019 at 12:17 AM..
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Old 02-07-2019, 12:26 AM   #1167
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I already mention previously LTO is the worst.

The moment u gave up before the lease u lose everything.

If u can afford the installment buy else rent. Never LTO.

U go calculate 5 years how much u paid for this car before owning it. Vs buying it.


If I pay for 5 years it's around 204k. I asked about phv loan 100% for 7 years. It will be 1910mthly. So total around 160k..

I think this might not be a good comparison because of the number of years taken to clear the lto and loan is different.
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Old 02-07-2019, 12:28 AM   #1168
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Remember you dun really "own" the car, you just paying the rental till the end of the COE or scrape car, just like 99yr Lease on you HDB flat. So everyone is just renting the car in different form n prices, lol.
Ya that's why if can get back something after renting, wouldn't it be better?
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Old 02-07-2019, 12:31 AM   #1169
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Simple maths in my case (freed):

Rent:

$70 (min based on market rate) x 30 days = $2100

Buy:

$1152 + $2500/12 insurance + $684/12 road tax + $150 servicing (ex cos still under warranty only 1 ws can do) = $1567

LTO:

$90x30 days = $2700

Benefits buying over rental. I can afford to rest on weekends due to lower cost.

Previously renting diff cars from $50-60+ per day in the end bought avante second hand which cost $700+ mth but scrap early due to fuel tank leak. In view of long term need, my wife side got 5 pax. If they come sg i cannot fetch all. So logically next car is mpv for my case.

Anyway in long run i still need a car which i why i buy instead. Since already jobless for so long i dun know how long more i be driving ft hence better to have own car then rental. If i lucky enough to find a new job later. I figure i can still afford the car since i can use my dest to cover to fro work. And just do 1 day in weekend. Minimally at least can cover my monthly installment without forking out from my ft job pay.

And cos i stay in jurong west i am not restricted to not finding jobs as far as changi.




That's why all Bros here tell all of you NEVER GO FOR LTO option, if can buy, then buy, if cannot, just simple rental and avoid new cars n long contract, cause you can see 1yr contract almost enough to cover your dp+1yr installments already.

Last edited by Brovale; 02-07-2019 at 12:34 AM..
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Old 02-07-2019, 12:39 AM   #1170
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Work backwards

$204k-$1910x12x5= how much u saved?

What if during that 5 years period u gave up? U paid for nothing... imagine u pay until 4th year u gave up? U can actually buy a car with that amount u paid over 4 years already.

At least if u buy even u sell at a loss if u cannot afford still wun be the loss u incurred periodxmonthly u paid.


If I pay for 5 years it's around 204k. I asked about phv loan 100% for 7 years. It will be 1910mthly. So total around 160k..

I think this might not be a good comparison because of the number of years taken to clear the lto and loan is different.



Last edited by d3n; 02-07-2019 at 12:42 AM..
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