Any benefit for current car owner?

[Quantum]

obviously government going to reduce PARF 10~20%, buy a new car will be cheaper few Ks

but for existing car owner, How?

[Virus]

Move on, bro.

 

It like you buy something yesterday, and today it's sell with 50% discount.

[Rickster]

Just a few K only u complain....bro, take it easy lar, need to 看开 .

 

There is much more to life than to worry about that few K, esp when u are already forking out many tens of thousands to buy a car. These few K is nothing comapred to pple who bought their cars a few years ago during very high COE.

[Watwheels]

Makes little difference since buying car in sg only make losses anyway.

 

I doubt there'll be any so call "balance" mentioned by LHL, reducing car taxes and uping charges on car usage. Cos there are so many current car owners who already paid the taxes are on the roads.

[Silveratenza]

if PARF is reduced, the market will again rush to buy cars, giving the kiasu mindset of people here.

 

coupled with lower coe quota, the coe will rise by few Ks (or "make" to rise), cancelling out.

 

So in the end, LPPL. It's right and left pocket money for the government, whether coming from Customs or LTA only.

Edited January 24, 2008 by Silveratenza

[Ixat]

Second hand market to suffer again? New prices closer to 2nd hand prices. This has happened when COE dropped from the 20-30Ks to the current 10Ks right?

[Dalenico]

obviously government going to reduce PARF 10~20%, buy a new car will be cheaper few Ks

but for existing car owner, How?

-================

i was hoping for bank loan interest reduction..currently paying 2.85%

[Albeniz]

The best way to buy a call is to pay it in full without any loan.

 

If there is a policy change, could sell the car away or trade in for a new car to enjoy the new benefits.

[Libox88]

Yes I agree that it's the same, out from left pocket and in to right pocket, $$$gment will never make any decision that they will lose a single cent.

 

Even if the ARF is cut, it will affect more for the bigger cars and I think for those small cc cars the effect will be very minimal but in return if the COE were to rise, then small car buyers will kana double !

[Redwood]

Agreeded. Alternatively, breakeven once car is received.

Downpayment at least must be [Car-price - (0.825*OMV + COE)]

[Othello]

wow !! this is what accountants call " window dressing " . Carpark rates, ERP & dunno wat will all rise to offset the reduction in revenue for them

Just wait and see !!

[Princey_anne]

obviously government going to reduce PARF 10~20%, buy a new car will be cheaper few Ks

but for existing car owner, How?

 

For me if the PARF is reduced, I will go for a bigger ride and of course lose more money on current ride

[Zanter]

Needless to say newer cars will be cheaper & resale of 2nd hand car will be affected.

 

Anyway was there really a 2nd hand market? If u have a 3 year old jap car, the dealer will only pay u scrap value? So when u ever buy a 2nd hand car then the offer u shd give is scrap value only lor