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Budget 2013: New Tiered Tax Rates for Cars

yc3333

By yc3333,
in The 3 Pointed Star Bar

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yc3333
yc3333

Cars is a want not a need so it is not the govt's job to satisfy everyone's want. However, they should improve on the public transport system as thats a basis need in every society. Hopefully they w

Tanzy
Tanzy

A supercar with an OMV of $390,000 for example, will pay $284,000 or 73% more ARF   The Aventador will now cost $1,700,000 before discount, placing it out of reach for the average Singaporean on the

Tigershark
Tigershark

looks like my current ride have to use till end of COE liao.

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Ah Bui Newbie

Ah Bui

Posted
Posted

what if COW.....i mean COE stay high? :P

we won't know until end of March. .. by then things will be very much clearer....

I'm prepared to meet my Maker...

Whether my Maker is prepared for the ordeal of meeting me is another matter - Winston Churchill

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blackmercs Apprentice

blackmercs

Posted
Posted

Say COE crash to $50, the C class asking price is like $158,888 down payment is $80,000. How many of you will put down this amount? Not me, coz i m a poor man pretending to be rich. For those richie, what is $80,000!! Is peanuts!!

My cheapo c coupe mods diary

http://www.sgmerc.com/topic/8339-my-cheapo-diary-mods-c-coupe/page__st__0

My cheapo E cabrio mods diary

http://www.sgmerc.com/topic/4618-my-e-cabrio-cheapo-mod/?hl=+car%20+carpet

My cheapo CLC mods diary

http://www.sgmerc.com/topic/2419-my-cheapo-mod/?hl=+car%20+carpet

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Ah Bui Newbie

Ah Bui

Posted
Posted

Say COE crash to $50, the C class asking price is like $158,888 down payment is $80,000. How many of you will put down this amount? Not me, coz i m a poor man pretending to be rich. For those richie, what is $80,000!! Is peanuts!!

same reason why I bought PI...Cos I bo lui... but still wanna hao lian.... LOL

I'm prepared to meet my Maker...

Whether my Maker is prepared for the ordeal of meeting me is another matter - Winston Churchill

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solar Newbie

solar

Posted
Posted

Say COE crash to $50, the C class asking price is like $158,888 down payment is $80,000. How many of you will put down this amount? Not me, coz i m a poor man pretending to be rich. For those richie, what is $80,000!! Is peanuts!!

 

won't be so siong if you have a car to trade-in..of course, provided you don't still owe the bank!

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blackmercs Apprentice

blackmercs

Posted
Posted

same reason why I bought PI...Cos I bo lui... but still wanna hao lian.... LOL

 

For me is life is short :)

 

COE dive....my car value also dive...best is not to think too much and enjoy my doot!  :sleep:

 

No worries lah, dive or no dive the value maintain.

 

won't be so siong if you have a car to trade-in..of course, provided you don't still owe the bank!

For me is always full loan.

My cheapo c coupe mods diary

http://www.sgmerc.com/topic/8339-my-cheapo-diary-mods-c-coupe/page__st__0

My cheapo E cabrio mods diary

http://www.sgmerc.com/topic/4618-my-e-cabrio-cheapo-mod/?hl=+car%20+carpet

My cheapo CLC mods diary

http://www.sgmerc.com/topic/2419-my-cheapo-mod/?hl=+car%20+carpet

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Carbonrevo_Lawrence Newbie

Carbonrevo_Lawrence

Posted
Posted

http://www.sgcarmart.com/ads/dbs/index.php

 

 

 

Promotional Interest Rates For All Passenger Car Loans

Applicable interest rate is pegged to the age of car and it applies to all applicable tenure.
The maximum loan amount granted is up to 60% of the car price over the remaining COE validity.

Age of Car
(months) Loan Tenure
(year) Interest Rate
(p.a. flat) Effective Interest Rate* (p.a.) >0 - 12 Up to 5 years 1.98% 3.911% >12 - 24 Up to 5 years 2.18% 4.294% >24 - 36 Up to 5 years 2.18% 4.294% >36 - 48 Up to 5 years 2.18% 4.294% >48 - 60 Up to 5 years 2.18% 4.294% >60 - 72 Up to 5 years 2.28% 4.535% >72 - 84 Up to 4 years 2.28% 4.600% >84 - 96 Up to 3 years 2.28% 4.700% >96 - 108 Up to 2 years 2.68% 5.815%

 

*The effective interest rate is calculated based on the maximum loan tenure applicable.

E.g. For a 3 year old car, the effective interest rate is calculated based on
a 5 year loan tenure.

Note: Above interest rates are correct at time of publishing and subject to change

without prior notice.

 

New Interest Rates

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Tanzy Newbie

Tanzy

Posted
Posted

I wonder what game they are playing....

 

29e351227a059b36c61cdf5218045f8c.jpg

 

In house financing perhaps?

 

Borrowing from foreign banks or credit companies that are not regulated by MAS will not be subjected to MAS restrictions.

Life goes on for many brands.

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There is but one truly serious philosophical problem and that is suicide.

- Albert Camus

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Arshavin Newbie

Arshavin

Posted
Posted

Fully agree. Maybe the loan period is still 10 yrs with the 40% downpayment.

Some 2nd hand dealer still have lobang for 10 years loan.

Maybe this weekend go down turf city n look look see see.

Victoria Concordia Crescit

Translation: Victory grows out of harmony.

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Ah Bui Newbie

Ah Bui

Posted
Posted

C&C oso inhouse loans right???.... 1999 was inhouse loan.... Through a finance company.... Now I dunno....

I'm prepared to meet my Maker...

Whether my Maker is prepared for the ordeal of meeting me is another matter - Winston Churchill

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Tanzy Newbie

Tanzy

Posted
Posted

Why COE will go up when purchasing a car is very expensive now? :(

 

Because dealers have backlog to clear plus they took a lot of orders last month.

There is but one truly serious philosophical problem and that is suicide.

- Albert Camus

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Tigershark Newbie

Tigershark

Posted
Posted

Why COE will go up when purchasing a car is very expensive now? :(

 

if you are wondering about today's news on the COE rebate thing by car distributors, it's a marketing strategy to draw some customers back into the showroom. Otherwise, everyday swatting fly leh...

Hope is the first step on the road to disappointment.

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