MAS and Car loan curb issues

[EricChan]

Aiya, money not enough meh..

[RadX]

  On 5/26/2016 at 11:03 PM, Ttl1976 said:

siao liao.

no chart..... how to buy car?

ha ha ha

 

 

final point to that ANALyst was he was screwing himself to try and move mkt here. Charts were meant to just confuse and has a agenda only known to itself.  Aldy say, gahmen can throw spanner in works any time, still cb stubborn say salary lah, housing income lah, dunno wat cb reason also give.  tok abt principal gdn....pls lah....

 

anyway gone and no sight.  no loss whatsoever.  Dun try play the mkt as the market can always turn around and bite you

[Rachdanom]

  On 5/26/2016 at 4:49 PM, Arch1984 said:

Dunno this news good or bad for uber. Now ppl dont have to go thru them or rent from them to afford a car le. Imagine all the cars no one rent...

Even before this news I suspected Uber et al were a hype, and expect a flood of cheap 2nd hand cars in the next few years.

[Kia7200]

  On 5/26/2016 at 4:26 PM, Carstar said:

I did not claim, I say I think.

 

You slowly wait for your cheap coe la hor.u can come back in 10 years time.

Basically what u claim or think r the direct opp in reality. And I wonder u ppl like u still nv learn ur lesson n still can be so confident.

 

So now u saying Coe price is going to increase huh? So I take it as it's go in drop

[Kia7200]

  On 5/26/2016 at 4:18 PM, DerekLauFlowerGoose said:

Have to disagreed on this. Previously i owned a lancer, bought it at $46k 10 years ago, still have to struggle with the payment every month. Now i owned a $116k car, i still manage to save $500 per month even with 2 kids.

 

Understand where you coming from but yr perspectives is too old. Most of the ppl now can actually afford a $80k car, is just a matter whether do they want to be apart with their money or lifestyle

I agree that many Singaporean can afford a $80k car, I used to know ppl who many who earn $2k plus pm and still dare to buy a car.

 

But I look at this in bigger pic, those warning $2-3k pm who wanna buy new car will face a bigger challenge compare to last time.

 

Btw today Uber called me for the first time, asking me whether wanna join them. I think they r quite desperate after they see the new regulation

[Char]

I am neutral on COE price as I am not market fortune teller neither the god .... Can't see the future !

[Axela72]

  On 5/26/2016 at 10:55 PM, EricChan said:

I think those sitting on the fence and waiting jolly well know that the $10k days of cheap Coe are truly over this time.

Sigh...,, my hope of changing car in 3 yrs times again when coe reach 10k has been destroyed

[bronzy]

  On 5/26/2016 at 9:44 PM, nazerath said:

Hey, this isn't in line with a car lite singapore.

nothing to in line or not. being car lite is about the quota, not the coe premium or loan tenure.

[Wt_know]

paging yoyo master to start charting liao ... lol

yoyo yoda couldn't care less about coe now that he already got his Maserati?

Edited May 26, 2016 by Wt_know

[Showster]

One effect in heating market could be encouraging those with existing cars and loans to change car early.

 

Supposing I had a 60% 5-year loan from 2013 with 2 years left, it is really tempting to hoot a new car with 70% financing for 7 new years.

 

Wow...

[Axela72]

  On 5/26/2016 at 11:09 PM, RadX said:

final point to that ANALyst was he was screwing himself to try and move mkt here. Charts were meant to just confuse and has a agenda only known to itself. Aldy say, gahmen can throw spanner in works any time, still cb stubborn say salary lah, housing income lah, dunno wat cb reason also give. tok abt principal gdn....pls lah....

 

anyway gone and no sight. no loss whatsoever. Dun try play the mkt as the market can always turn around and bite you

Lost 10k last year because of that analyst prediction saying coe unlikely to drop below 50k by Apr this year. If not, i would have bought at the 38k coe period as that is my initial plan.

 

After a sudden drop of 8k to 12k in a single bid, he prata flip tht coe will go below 30k this year

Edited May 27, 2016 by Axela72

[Mustank]

Hahahaha

[Ken138]

In a statement on Thursday, MAS deputy managing director Ong Chong Tee said demand conditions for COE have moderated “and it is timely to ease the measures”.

 

But the limits will be kept in place for the long term to promote financial prudence and help support the promotion of a car-lite society, said the MAS.

 

Ha... 1/2 empty or 1/2 full.. Up to you to say. You win liao !

:)

[Soya]

  On 5/26/2016 at 11:59 PM, Axela72 said:

Lost 10k last year because of that analyst prediction saying coe unlikely to drop below 50k by Apr this year. If not, i would have bought at the 38k coe period as that is my initial plan.

 

After a sudden drop of 8k to 12k in a single bid, he prata flip tht coe will go below 30k this year

Dun blame ppl lah.

 

Free advice over an anonymous, internet forum, u expect money-back-guarantee meh?

[Nav14]

  On 5/26/2016 at 11:52 PM, Axela72 said:

Sigh...,, my hope of changing car in 3 yrs times again when coe reach 10k has been destroyed

Just pray Trump becomes the next President, which is highly likely, and he carries out exactly what he has been preaching, I am sure your 10k COE will materialise in 3 years time, regardless of COE supply.

[RadX]

  On 5/27/2016 at 12:13 AM, Soya said:

Dun blame ppl lah.

 

Free advice over an anonymous, internet forum, u expect money-back-guarantee meh?

 

 

yah man..who are you? knn..alwes disturb me wan....  

[Vratenza]

Still looking for answer to why MAS adjust the ruling this time round, other than closing of the PI/leasing companies loophole?

 

  Quote

 

 

3   Since then, the contribution of private road transport (excluding petrol) to CPI-All Items inflation has eased from +1.3% points in 2011-2012 to -0.5% point in Q1 2016. In addition, outstanding motor vehicle loans have declined by 32% from $14.13 billion in Q1 2013 to $9.55 billion in Q1 2016.

 

Almost 5 billion worth of loan wiped from the MAS's kaki round table  (read: MAS regulated banks who paid their "protection money" to MAS) within 3 years.

 

Time to do some work for it's kakis.....

 

[Nav14]

  On 5/26/2016 at 11:09 PM, RadX said:

final point to that ANALyst was he was screwing himself to try and move mkt here. Charts were meant to just confuse and has a agenda only known to itself.  Aldy say, gahmen can throw spanner in works any time, still cb stubborn say salary lah, housing income lah, dunno wat cb reason also give.  tok abt principal gdn....pls lah....

 

anyway gone and no sight.  no loss whatsoever.  Dun try play the mkt as the market can always turn around and bite you

But I am sure he knows better that he could not have moved the market via MCF?.