Penknife 5th Gear February 4, 2014 Share February 4, 2014 i bought my car with no loan. ↡ Advertisement Link to post Share on other sites More sharing options...
Eyke Supercharged February 4, 2014 Share February 4, 2014 take car loan is a must, my friend want cash settlement, also can not, so he took 10% for one year only. nonsense lah, so many towkay buy benz use cash only... Link to post Share on other sites More sharing options...
Sdf4786k Twincharged February 5, 2014 Share February 5, 2014 I saw Opel leasing scheme. seems quite attractive Link to post Share on other sites More sharing options...
Relagsingh 4th Gear February 5, 2014 Share February 5, 2014 If gaps are not covered, why bother setting rules? There are gaps everywhere. Here got many gaps liao. 6.9 mill. Link to post Share on other sites More sharing options...
Fuelsaver Supercharged February 5, 2014 Share February 5, 2014 If gaps are not covered, why bother setting rules? waiting for u to picia their lobang... Link to post Share on other sites More sharing options...
Jellandross Supersonic February 5, 2014 Share February 5, 2014 i'm hearing from a friend in the auto industry that you can get "100%-like loan" these days. you just need someone who's willing to buy a new car on your behalf, lease it to you for the first 5 years, and eventually sell the car and transfer the ownership to you thereafter. not sure about the legality or the details around the commercial arrangements though. 1 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic February 5, 2014 Share February 5, 2014 Loophole spotted! Link to post Share on other sites More sharing options...
Penknife 5th Gear February 5, 2014 Share February 5, 2014 i'm hearing from a friend in the auto industry that you can get "100%-like loan" these days. you just need someone who's willing to buy a new car on your behalf, lease it to you for the first 5 years, and eventually sell the car and transfer the ownership to you thereafter. not sure about the legality or the details around the commercial arrangements though. will such an agreement be legally binding between the lessor and lessee? Link to post Share on other sites More sharing options...
bellboy 4th Gear February 5, 2014 Share February 5, 2014 (edited) i'm hearing from a friend in the auto industry that you can get "100%-like loan" these days. you just need someone who's willing to buy a new car on your behalf, lease it to you for the first 5 years, and eventually sell the car and transfer the ownership to you thereafter. not sure about the legality or the details around the commercial arrangements though. Bro, think the message got abit jumbled up. What is happening is that the car dealer will help you register a leasing company to buy the car. The leasing company will then lease the car to you. The leasing company is in your name. Since "private hire cars" are exempt from the 50% loan curb, the leasing company can take 100% loan. Edited February 5, 2014 by bellboy Link to post Share on other sites More sharing options...
Dark 5th Gear February 5, 2014 Share February 5, 2014 i'm hearing from a friend in the auto industry that you can get "100%-like loan" these days. you just need someone who's willing to buy a new car on your behalf, lease it to you for the first 5 years, and eventually sell the car and transfer the ownership to you thereafter. not sure about the legality or the details around the commercial arrangements though. That means this dickhead friend must shell out the 50% downpayment first? Might as well borrow from this dickhead. And nowadays where to find such dickhead? 30 yrs ago many sworn brothers will do that. Link to post Share on other sites More sharing options...
Dark 5th Gear February 5, 2014 Share February 5, 2014 Bro, think the message got abit jumbled up. What is happening is that the car dealer will help you register a leasing company to buy the car. The leasing company will then lease the car to you. The leasing company is in your name. Since companies are exempt from the 50% loan curb, they can take 100% loan. Ok I am enlightened! Link to post Share on other sites More sharing options...
Ender Hypersonic February 5, 2014 Share February 5, 2014 Bro, think the message got abit jumbled up. What is happening is that the car dealer will help you register a leasing company to buy the car. The leasing company will then lease the car to you. The leasing company is in your name. Since companies are exempt from the 50% loan curb, they can take 100% loan. Wah, they are indeed shrewd to get around the rules. Link to post Share on other sites More sharing options...
Penknife 5th Gear February 5, 2014 Share February 5, 2014 so this goes to say that if there's demand, the supply will work out itself Link to post Share on other sites More sharing options...
Dark_flan 2nd Gear February 6, 2014 Share February 6, 2014 I heard of high loan too for used cars understood that it is in house loan with high interest ever saw 90% loan 1.88% interest. So my dream to still own a car seems possible after all. Well happen when my car's COE expiring next year. Can't imagine when I have to go back to squeeze in the morning rush hour when I'm doing so this whole week as I'm attached to the City area for training purpose. Too expensive to drive there. Link to post Share on other sites More sharing options...
Zniper 2nd Gear February 8, 2014 Share February 8, 2014 well... it's always the case of scholars anyhow shoot their tinking and suggestions... so whoever luckier will kana chosen and implemented... PS: scholars need to give more suggestions in order to keep their career or climb up the ladder faster... carrying balls oso got some use here... haha Link to post Share on other sites More sharing options...
Joe6057 1st Gear February 11, 2014 Share February 11, 2014 Anybody know how this leasing scheme work? Is it like you lease from AD like 7 years & when time is up, you have a option to buy at discount rate or get another car? Seem like major AD is offering leasing scheme.. ↡ Advertisement Link to post Share on other sites More sharing options...
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