Used car price hike 25-30% over the pass year

[sam138]

Did anyone notice the price hikes across all model and dealers?

When I bought my car last June, my monthly depreciation was approx 700

Now Most cars are atleast 1k mthly depreciation among All Dealers listing amid increment in coe quota 😅

[Wt_know]

what's wrong to collect more? if all buyer don't buy dealer sell to who? price up 50% also can

dealer also aspire to drive bmw 7-series and wear rolex ...

not just property agent ... lol

Edited June 2, 2015 by Wt_know

[Hamburger]

if price can shoot up 20 cts over nite, what is not possible???

[F355]

If wanna place blame , blame the consumers , not the dealers . Willing buyer willing seller .

[Ingenius]

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

[Wt_know]

even not forseeing the problem they can rectify it and plug the hole ... but they did not (choose not to)

 

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

 

Edited June 2, 2015 by Wt_know

[Fastfive1]

Next time implement the rule of full cash payment for every car. See who will buy. Haha

[Tohto]

Next time implement the rule of full cash payment for every car. See who will buy. Haha

 

T2 will rise his 2 hand to support..

Edited June 3, 2015 by Tohto

[SGCMsmallcar]

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

 

This is very right on this facts. Gov screwed our ass right thru.

[Soya]

This is one good example of a policy anyhow implemented without foreseeing the problem.

 

 

what's new?

[Watwheels]

Gahment wants us to take public transpork, that's why the 50% dp and loan restriction are there. They are not going to implement some policy so that you and I may own a car. That's not going to happen...period. Ppl should see it by now.

[F355]

Next time implement the rule of full cash payment for every car. See who will buy. Haha

 

No problem. All MCF members pay full cash one.

[Duckduck]

Gahment wants us to take public transpork, that's why the 50% dp and loan restriction are there. They are not going to implement some policy so that you and I may own a car. That's not going to happen...period. Ppl should see it by now.

 

if thats the case all ministars shld take MRT bus n walk to parlimen, especially tuck you. so far nobody has seen him take MRT right?

[Ken138]

actually depreciation per yr for used car is indeed higher than for new cars ! Basically the buyers that need the car cant afford to get amt of loan required for new cars thus jo choice bite bullet n buy more expensive older cars.. Negative impact on loan control.. :-)

[Wt_know]

he will take MRT soon when PM announce GE ... lol

 

if thats the case all ministars shld take MRT bus n walk to parlimen, especially tuck you. so far nobody has seen him take MRT right?

 

[Forte3737]

If no one wanna buy at such high prices, you think dealers will jack up the price?

 

It's the stupidity of car buyers that is contributing to high prices

[Xers007]

Did anyone notice the price hikes across all model and dealers?

When I bought my car last June, my monthly depreciation was approx 700

Now Most cars are atleast 1k mthly depreciation among All Dealers listing amid increment in coe quota 😅

 

who give a damn about the COE quota, all eyes are on the COE prices. As long the price stay high, everything follows.

[Heman75]

I blame the 50 percent dp and five year loan rules. It allows the used car dealers to exploit the situation that some people cannot afford the down payment and have no choice but to turn to used cars at higher loan and higher price. This is created by the rule and the people suffer. What's the point if the rule is not enforced on the used car dealers ? This is one good example of a policy anyhow implemented without foreseeing the problem.

 

YES.... now used car depreciation same as new car... ridiculous... if have money buy new car better...