The reason why COE is so high

[MoeLanYong]

Is because people can afford it. By taking loans.

This is a typical ad.

$1700 x 12 months x 10 years = $204k.

As long as he can pay $1700 a month, he can drive a $200k car.

So if he / he & spouse take home >$7k celery, buyed a car is no problem.

 

[lifeafter41]

Getting a Ferrari nao!!!!

 

[2yearswastedlife]

nothing wrong since pap doesnt care

 

[Ayuready?]

I can’t even afford to set aside $1700 per month

Is because people can afford it. By taking loans.

This is a typical ad.

$1700 x 12 months x 10 years = $204k.

As long as he can pay $1700 a month, he can drive a $200k car.

So if he / he & spouse take home >$7k celery, buyed a car is no problem.

 

[Jamestan80]

Ya, still too cheap

 

[Ironside]

I heard from a contractor now he paid $150 a day for each Blangadash FW. raw material price has gone up 30%. China FW he said need to pay $300 a day.

 

[buttbERry]

all the while like that ma

 

[miko66]

Cheap cheap cheap

lol

 

[miko66]

Cheap cheap cheap

lol

 

[dry_county]

Pay and pay……

 

[MoeLanYong]

I can’t even afford to set aside $1700 per month

Means you no car, sorry

Fresh grads earn about $4k+ a month. Singapore produces 20,000 fresh grads a year.

They each merry a fellow fresh grad, immediate can chut a $200k car

 

[RyanJ]

They do not want to remove car rental companies from Cat A/B, more turn to car leasing, rental companies bid even more and pass the cost to customers.

Should also make COE be like housing stamp duties, cannot be bank loaned.

 

[Lifeinmotion]

Means you no car, sorry

Fresh grads earn about $4k+ a month. Singapore produces 20,000 fresh grads a year.

They each merry a fellow fresh grad, immediate can chut a $200k car

Yes they can immediately switch to PHV driver and contribute more to society.

 

[RyanJ]

Tiagong top sales person made excess of 1 million in paycheck last year, and is not from Vantage.

 

[TanSG]

$1700/month is not the base cost for owning a car. Need to factor in petrol / charging cost, road tax, insurance, maintenance, parking etc

 

[MoeLanYong]

Yes they can immediately switch to PHV driver and contribute more to society.

And why should they drive PHV when they are newly trained grads in their fields??

Can try to make some sense?

 

[MoeLanYong]

Tiagong top sales person made excess of 1 million in paycheck last year, and is not from Vantage.

Er. What talk you and what is Vantage??

 

[TheApathetic]

Is because people can afford it. By taking loans.

This is a typical ad.

$1700 x 12 months x 10 years = $204k.

As long as he can pay $1700 a month, he can drive a $200k car.

So if he / he & spouse take home >$7k celery, buyed a car is no problem.

Affording a car as a recent graduate can be incredibly challenging, particularly when balancing future goals like purchasing a home and starting a family.

Unless is DINK.

 

[carpark]

If there is a demand there will be a supply

 

[MoeLanYong]

Affording a car as a recent graduate can be incredibly challenging, particularly when balancing future goals like purchasing a home and starting a family.

Unless is DINK.

Nope. I owned a car as a fresh uni grad. Who thinks of getting merried??

Now fresh grads can also own a car. Salaries will rise each year no?