Maximum car loan rules are a joke

[wlalala]

So many dealers offering all sorts of schemes to bypass the rule.

Even ADs also join in the party and openly advertising "flexible financing" options.

MAS sleeping?

 

[Laguna123]

Else how to make car “affordable” like our HDB?

 

[madcampus]

Should have just make the ruling "PAY CASH ONLY". Confirm COE will crash until few thousands only.

 

[Lemonkey]

coe is already a joke

 

[nyvrem]

In house loan interest steam sio

 

[jinsadndepress]

What wrong with more loan ?

Sg only survive on loan ...

Now evened buyed thing like sofa can also taked loan

 

[buffybuffy]

You never wonder why so many can afford BYD suddenly?

 

[pushtopen]

coe is cyclical

don't recall seeing people complaining about car loans last bumper cycle when coe was cheap

 

[buffybuffy]

What wrong with more loan ?

Sg only survive on loan ...

Now evened buyed thing like sofa can also taked loan

We used to have a Lee hsien loan

 

[charsiewfan]

COE price high, good for gov coffers good for bank interest profits

 

[sky00sky]

So many dealers offering all sorts of schemes to bypass the rule.

Even ADs also join in the party and openly advertising "flexible financing" options.

MAS sleeping?

MAS will Sleep until LTA do something ma.

LTA keep quiet, 不好砸同僚场子 ， 不厚道

 

[hoolala]

We used to have a Lee hsien loan

Now we have a Lawrence Loan

 

[Atrina_Boy]

they are everywhere
how to catch?

 

[x1243x]

Should have just make the ruling "PAY CASH ONLY". Confirm COE will crash until few thousands only.

but they want the money..

 

[starry_starry_night]

Should have just make the ruling "PAY CASH ONLY". Confirm COE will crash until few thousands only.

I don't think this will solve the problem.
People can loan outside and take the cash to pay in cash, then the loan just exist somewhere else.

 

[Ahemahem]

COE is a joke on drivers like us liao

 

[seowbin]

can always loan from outside ma ... a lot of ppl do that so as not to affect their ABSD

what's the issue leh?

 

[wlalala]

can always loan from outside ma ... a lot of ppl do that so as not to affect their ABSD

what's the issue leh?

That is exactly the issue.

MAS create rule to prevent people from taking too much loans, but end up so easy to bypass the rule.

 

[wlalala]

coe is cyclical

don't recall seeing people complaining about car loans last bumper cycle when coe was cheap

Back when COE was cheap, only have shady dealers offering the funny schemes.

Now ADs are openly advertising $X drive away.

 

[superjellybelly]

MAS is not sleeping. It is monitoring!