Countdown 2 more mths to PriceCrash

[sdexxxxd]

Following the same car ad, the price went from 52800 -> 50800 -> 49800 -> 53800

Obviously exploiting those people who need a high loan for used cars

 

[something]

Nice info. 60 days window to chop those die die need 100% finance. After 60 days, likley many dealers will close shop.

so may can made big money, too... cause now they sure offer much more lower price when take in used cars... if after 60 days market still hot... they earn big big money lor...

 

[snipfer]

Obviously exploiting those people who need a high loan for used cars

on the other hand, it is also these people who WANTs to be exploited.
they knew the price will go down in a few months' time yet they choose to buy now. hopeless.

 

[spurman]

Say no to exploiters.... Haha

 

[sdexxxxd]

Say no to exploiters.... Haha

Two more months, those dealers will wag their tails and lower their prices and beg for help again......lets wait patiently to see this day

 

[bac1234]

just close shop la, all car related dealers r scams, later u all see endless cars on auction, take ur time to buy at scrap value

 

[sdexxxxd]

just close shop la, all car related dealers r scams, later u all see endless cars on auction, take ur time to buy at scrap value

Most probably nobody will buy the cars at scrap value...so they end up scrap and exported to other countries...That's when the show starts with more COE released back into the system!

 

[Tyrian]

Most probably nobody will buy the cars at scrap value...so they end up scrap and exported to other countries...That's when the show starts with more COE released back into the system!

then they should scrap and export to other countries.

obviously they made a bad business call and should be made to suffer for their own mistakes. asking the government for help shows that they are incompetent in doing their business right.

 

[sdexxxxd]

then they should scrap and export to other countries.

obviously they made a bad business call and should be made to suffer for their own mistakes. asking the government for help shows that they are incompetent in doing their business right.

The 7,000 used car stocks on hand are probably bought with high body value, so they will have a major write off if they were to scrap it. This mess is too big as there will be defaults to the banks. I guess that's why the concession period is granted. So, we have to pity those who come in now to absorb the "poor business" judgement of the car dealers..

 

[ratppl]

if it a less than a year new car with 100% loan..if owner want to change car..what is he option?
i told my friend not worth it since he took 100%..is it true?

 

[something]

The 7,000 used car stocks on hand are probably bought with high body value, so they will have a major write off if they were to scrap it. This mess is too big as there will be defaults to the banks. I guess that's why the concession period is granted. So, we have to pity those who come in now to absorb the "poor business" judgement of the car dealers..

people say car price too high -> gov take action -> car dealers cry father cry mother -> gov give extra 60 days to let dealers clear stock -> people come in to absorb...

after all, gov say i did what you asking, car dealers say lucky ya, i can cut lost... people say... WTH...

 

[sdexxxxd]

people say car price too high -> gov take action -> car dealers cry father cry mother -> gov give extra 60 days to let dealers clear stock -> people come in to absorb...

after all, gov say i did what you asking, car dealers say lucky ya, i can cut lost... people say... WTH...

The people who suffer most will be those who bought new cars recently at high COE.. will be stuck with it for a while..

 

[ratppl]

people say car price too high -> gov take action -> car dealers cry father cry mother -> gov give extra 60 days to let dealers clear stock -> people come in to absorb...

after all, gov say i did what you asking, car dealers say lucky ya, i can cut lost... people say... WTH...

seriously..i think the A$$ P*P is already don't know what they doing ...they are clueless on the problem and how to resolve it....

 

[sdexxxxd]

if it a less than a year new car with 100% loan..if owner want to change car..what is he option?
i told my friend not worth it since he took 100%..is it true?

He probably stuck with it for next >7 years... unless he is willing to fork out cash to pay the outstanding loan when he sells his car..

 

[CCCustom]

The auto loan departments in banks are seriously buttsecks-ed by the prata ruling.

Anyway, standard loan interest rate now is 2.28%, although the banks still have and will charge the 2.68%/2.88% option if the dealer can convince the buyer to take up loan this rate ... it's a higher commission for dealer.

My source is complaining that dealers are wasting their time by trying their luck to apply for full loan on all cars whether these cars meet the requirements. They can't flat-out reject the loan for those cases - they still have to process it and counter-offer based on the higher downpayment system. And then the dealer will call them ... "How come ar? I thought now can full loan? How then my this car can do full loan har?"

 

[Tyrian]

I can only laugh at those who bought COE at 92k

That's about $25 per day for 3650 days

These buyers r too dumb.

 

[ratppl]

The auto loan departments in banks are seriously buttsecks-ed by the prata ruling.

Anyway, standard loan interest rate now is 2.28%, although the banks still have and will charge the 2.68%/2.88% option if the dealer can convince the buyer to take up loan this rate ... it's a higher commission for dealer.

My source is complaining that dealers are wasting their time by trying their luck to apply for full loan on all cars whether these cars meet the requirements. They can't flat-out reject the loan for those cases - they still have to process it and counter-offer based on the higher downpayment system. And then the dealer will call them ... "How come ar? I thought now can full loan? How then my this car can do full loan har?"

this is what happen if a country is lead by a dump A$$ who never had any experience of the word poor and have to fight for your work/promotion/meal/and $$..all this dump A$$ have to do is open his Sh11t mouth and he got all his wants..

 

[something]

This car was registered under the Temporary Transfer Scheme before 04-Mar-2013. Therefore, the MAS ruling on maximum loan amount and loan term does not apply until 4-Jun-2013.

i think now ALL the used cars ALL are registered under the Temporary Transfer Scheme before 04-Mar-2013...

 

[ratppl]

I can only laugh at those who bought COE at 92k

That's about $25 per day for 3650 days

These buyers r too dumb.

you think this buyer want it??? if they know or can foreseen the future ..they will wait also...
during that time..they only know the COE quota is reducing and they have no choice but to get it before it really out of the hand..
btw, i consider myself lucky as i got my ride last year b4 the COE when crazy...so i consider myself lucky...but , i do feel sad for those who got it at 90K... but what to do..this is the government you guys vote in...clueless on the problem and solution but smart on sucking money from sinkies..

 

[ralliart_ray]

Following the same car ad, the price went from 52800 -> 50800 -> 49800 -> 53800

solid sia, just like stocks so bullish now.


52800 -> 50800 -> 49800 -> 53800 -> 55800 (today)