MAS and Car loan curb issues

[Darryn]

There's no way to make cars an equitable asset where everyone, no matter rich of poor, stand a fair chance of owning one

 

They came out with a bidding system, naturally prices will go up and only the richer folks can afford...then those who can't will make noise

 

What are the chances that COE bidding will take the form of a ballot system?

 

 

It shld never be balloting. That will simply make inequity worse

 

 

 

[Whatupz]

Just a reporter made up stories. So many people so excited about the loan curb.

[Fastfive1]

There's no way to make cars an equitable asset where everyone, no matter rich of poor, stand a fair chance of owning one

 

They came out with a bidding system, naturally prices will go up and only the richer folks can afford...then those who can't will make noise

 

What are the chances that COE bidding will take the form of a ballot system?

 

 

 

 

 

I hope it doesn't take the form of a ballot system. The current system should stay and remain the way it is. Bad enough they decided to add the 130bhp power cap for CAT A. Any more changes and we are screwed. The current system is simple economics and it should stay that way instead of going against that fundamental principle.

 

Whoever has the cash wins the right to own a car. It is as simple as that. Unless you're suggesting that a car is as important as education or a place to stay?

[So_nice]

Simi loan curb? At mcf we pay full cash for cars and sometimes houses too!

[Blackyv]

Just a reporter made up stories. So many people so excited about the loan curb.

Reporters here do not anyhow write story one... Someone have to approve it and allow posting you know.. .. And it's always the breeze before the storm...

[Coltplussport]

Just a reporter made up stories. So many people so excited about the loan curb.

 

It is not excited, but if someone just came up with something that he/she cannot back it up, then it is everyone responsibility to check it. Article pluck from air is irresponsible and might cause people to make wrong decision about the issue.

[Whatupz]

As if the articles was on local newspaper?

 

It is not excited, but if someone just came up with something that he/she cannot back it up, then it is everyone responsibility to check it. Article pluck from air is irresponsible and might cause people to make wrong decision about the issue.

[Camrysfa]

As if the articles was on local newspaper?

 

 

maybe it will happen, but if the media knows the exact date, someone will loose his job . . . .

 

basing on the announcement on 25 Feb 13, which surprised dealers and buyers.

 

 

http://www.mycarforum.com/topic/2686907-mas-imposes-financing-restrictions-on-motor-vehicle-loans/page-1

[The_Bear]

Curb or no curb, people will still go through fire and high water to own a car in Singapore. Enforcement of the curb is patchy at best but the bright minds that sits in the board rooms have not foreseen the futility of enforcement. $50-$80k can easily be bridged with some creative accounting. Shows that a hungry Ah Beng beats a fat, contented scholar everytime.

 

Given the optimistic market, there will always be financially suicidal buyers out there. Loan or no loan, they will die die manage to get themselve into compromising positions, just a matter of time or severity. Even with the 50% down payment.

 

So from a personal point of view, even if the curb is reduced and loan quantum is increased, any possible increase in car prices is short term and offset by another round of owners in force sell situations. You can change the rules but idiots will still be idiots.

[Penknife]

Curb or no curb, people will still go through fire and high water to own a car in Singapore. Enforcement of the curb is patchy at best but the bright minds that sits in the board rooms have not foreseen the futility of enforcement. $50-$80k can easily be bridged with some creative accounting. Shows that a hungry Ah Beng beats a fat, contented scholar everytime.

 

Given the optimistic market, there will always be financially suicidal buyers out there. Loan or no loan, they will die die manage to get themselve into compromising positions, just a matter of time or severity. Even with the 50% down payment.

 

So from a personal point of view, even if the curb is reduced and loan quantum is increased, any possible increase in car prices is short term and offset by another round of owners in force sell situations. You can change the rules but idiots will still be idiots.

it will be interesting to see the downfall of people who walks on thin ropes walking high above 50 storeys.

 

there are always alternatives to driving. just too bad they haven discovered it.

[Ryu]

Curb or no curb, people will still go through fire and high water to own a car in Singapore. Enforcement of the curb is patchy at best but the bright minds that sits in the board rooms have not foreseen the futility of enforcement. $50-$80k can easily be bridged with some creative accounting. Shows that a hungry Ah Beng beats a fat, contented scholar everytime.

 

Given the optimistic market, there will always be financially suicidal buyers out there. Loan or no loan, they will die die manage to get themselve into compromising positions, just a matter of time or severity. Even with the 50% down payment.

 

So from a personal point of view, even if the curb is reduced and loan quantum is increased, any possible increase in car prices is short term and offset by another round of owners in force sell situations. You can change the rules but idiots will still be idiots.

 

Using your analysis; from 100 idiots buying cars become 50 idiots lor. There will always be idiots.

[Blackyv]

 

Using your analysis; from 100 idiots buying cars become 50 idiots lor. There will always be idiots.

I thought the meaning was all car owners were idiot?.. Lol..

[Hydrocarbon]

it will be interesting to see the downfall of people who walks on thin ropes walking high above 50 storeys.

 

there are always alternatives to driving. just too bad they haven discovered it.

 

Alternative not so good leh.. And almost no alternative to "face" or not losing face.. Haha..

 

Except for having a secure future..

 

I thought the meaning was all car owners were idiot?.. Lol..

 

Mai lidat leh.. If you let T2 / TF4 hear, they will niao you..

[Blackyv]

 

Alternative not so good leh.. And almost no alternative to "face" or not losing face.. Haha..

 

Except for having a secure future..

 

 

Mai lidat leh.. If you let T2 / TF4 hear, they will niao you..

There are exceptional since they pay in cash... Maybe I should say all car buyers with loan are idiots.... Hehehe

[2BDriver]

 

Becoming a bit like bolehland in the way they flip-flop, except much more costly for citizens.

Our leeders keep shifting the goal post, our citizens can never score

[Yeshe]

Our leeders keep shifting the goal post, our citizens can never score

 

simi goal post? u sure the referee is allowing any goal even if the goal mouth is super big? [laugh]

[The_Bear]

 

Using your analysis; from 100 idiots buying cars become 50 idiots lor. There will always be idiots.

Idiots and suicidal idiots.

[Voodooman]

Idiots and suicidal idiots.

You can't fight suicidal idiots, we used to have a cleansing exercise every few years but the good times have lasted too long this time round, so those idiots are throwing caution to the wind and they are growing and multiplying like the flu virus.