Which is the lowest price n value for $$ new car?

[Kerwen]

for me i think <100k is fit ... good balance of fc/resale value/ride. 

axio also not bad for those who prefer sedan. main challenge is not get conned by PI 

[Kia7200]

But those 2 are alot smaller.

Either a small kimchi or a bigger cha shao bao

[matthewtan83]

Hi guys is it normal for a dealer to inform u about your new registered car plate on 31st December but tell u that he can only deliver your car on the 15th on Jan?

[Soya]

Hi guys is it normal for a dealer to inform u about your new registered car plate on 31st December but tell u that he can only deliver your car on the 15th on Jan?

Sounds like dealer had to meet annual factory quota. Some deals have a condition that the car has to be registered by 31 Dec. Check if your sales agreement says that. Technically, the car is 'a year old'.

[matthewtan83]

Sounds like dealer had to meet annual factory quota. Some deals have a condition that the car has to be registered by 31 Dec. Check if your sales agreement says that. Technically, the car is 'a year old'.

Ya he did mentioned that they need to meet quota for year end. But somehow 15 days to deliver is quite long. I have friends who register on 1st jan and got their car on 4th jan.

[Axela72]

I think the day it registered, is the day your ownership start clocking. Do you want to pay for 2 week of owning a car without driving? Typically, we get it within 2 days once registered.

 

Go to One motoring website and login with Singpass and check your asset. The said car should be under your asset (rightfully belong to you) once it is registered.

 

 

Hi guys is it normal for a dealer to inform u about your new registered car plate on 31st December but tell u that he can only deliver your car on the 15th on Jan?

 

[matthewtan83]

I think the day it registered, is the day your ownership start clocking. Do you want to pay for 2 week of owning a car without driving? Typically, we get it within 2 days once registered.

 

Go to One motoring website and login with Singpass and check your asset. The said car should be under your asset (rightfully belong to you) once it is registered.

That is what made me feel uneasy too. I believe I already owned the vehicle but I'm not driving it yet. Zz

[Nzy]

Either a small kimchi or a bigger cha shao bao

 

For that era, not much difference in terms of safety. I was looking around and notice the safety levels around the same. 

[Hosaybo]

Did the SE throw in a freebie brown paper bag to cover face.....?

Need a scissors as well to cut 2 holes so that driver can see. Else, safety is further compromise.

[Spring]

Hi guys is it normal for a dealer to inform u about your new registered car plate on 31st December but tell u that he can only deliver your car on the 15th on Jan?

To register by a certain date is normal n as some say could be due to meeting quota requirements but to deliver so late is ? Why don't u ask him why need 15 days to deliver n see what's his reasoning n u will then be able to discern if it's valid or not.

 

Separately, If it's an AD I guess not so worry but even then lose out 2 weeks of usage as some have mentioned. PI would be more worry for obvious reasons but then again since its registered not so bad?Good luck!!

[Runforyourlife]

Fit should be your best bet though you have to go through PI. Specs may differ from PI to PI that's the worry.

[sthh]

Sounds good. How much is their insurance and interest rate, later all cost in liao

 

The interest rate then was 2.28% from DBS, insurance is from AIG, I have my 50% NCD, so I think it differs case to case. 

[RadX]

What may be low value and affordable NOW may not be in the future

 

 

We’ve often received stories about people (or friends of people) that sank into a snowball of debts after overbuying with their credit cards or their payslips. However, this single story stood out, because he isn’t bankrupt, and he looked perfectly successful in front of others, but deep inside him, he’s struggling just because of a car.

Johnny (may or may not be his real name) worked in a local bank when he graduated from university, and admitted that he had a few job offers even before he graduated. His starting pay was relatively high: at more than $4,500, he earned more than his peers and was set for a debt-free life.

In the first few months of his work, he had some sort of “culture shock”: when he was schooling, he gave private tuition and was earning about $600 a month. All of a sudden, that ballooned to $3,600 (after his CPF deduction)—that’s way too much for him to handle all of a sudden!

He applied for almost all the credit cards that promoters in MRT stations offered to him—one by one, he received tens of credit cards and was feeling “rich” from the credit limit given to him. In fact, he thought he had become “$100,000 richer” simply because everyone was so willing to loan him money.

But the trouble didn’t start from those plastic cards. It started when he decided to buy a car.
During that time, it was still possible to buy a car with $0—all they needed was his payslip and ta-da: he could walk away with a brand new car, having only to fulfil the monthly instalment. But here’s the thing: the monthly instalment must be fulfilled, because failing which, he would lose a reasonable amount of money.

Johnny got a BMW (he didn’t specify which model) and paid $1,000++ every month for the monthly instalment. All was good (not very, but to him, it was)—with him earning $3,600, he could still survive on a $1,000++ monthly expenses.
But a few years later, he lost his job.

We’re not sure whether he was retrenched or fired, but even when he lost his job, he couldn’t let go of his car. He claimed that the monthly instalment must still be fulfilled, or he’ll lose “tens of thousands of dollars”.

The first thing he did was to find a job—fast. He got one as an executive in a financial institution, but the take-home pay of about $2,000 was just enough to pay for his instalment, petrol and maintenance.

Then he admitted something: he could have let go of his car and pay his debts slowly. But he didn’t want to—because his friends, family members and everyone around him knew him as the successful banker who drove a BMW. He would rather eat instant noodles and bread than to lose his only status symbol that was “keeping him alive”.
It has been a few years now, and with him drawing only $2,000++ and paying $2,000 for his car monthly, his concern now is what would happen next year (2017), when the COE of his car expires. He won’t have enough to renew the COE or buy a new car.
Well, when he posed the question in his email, he replied to it himself: “What were I thinking?’
Seriously…Johnny, all we can say is that you’re not alone, and thank you for sharing your story, because it really showed us that the latest policies about car ownership have helped people and not harm others.

After all, the moral of the story is simple: don’t buy a big hat if you’ve got a small head.

[Mustank]

What may be low value and affordable NOW may not be in the future

 

 

 

We’ve often received stories about people (or friends of people) that sank into a snowball of debts after overbuying with their credit cards or their payslips. However, this single story stood out, because he isn’t bankrupt, and he looked perfectly successful in front of others, but deep inside him, he’s struggling just because of a car.

 

Johnny (may or may not be his real name) worked in a local bank when he graduated from university, and admitted that he had a few job offers even before he graduated. His starting pay was relatively high: at more than $4,500, he earned more than his peers and was set for a debt-free life.

 

In the first few months of his work, he had some sort of “culture shock”: when he was schooling, he gave private tuition and was earning about $600 a month. All of a sudden, that ballooned to $3,600 (after his CPF deduction)—that’s way too much for him to handle all of a sudden!

 

He applied for almost all the credit cards that promoters in MRT stations offered to him—one by one, he received tens of credit cards and was feeling “rich” from the credit limit given to him. In fact, he thought he had become “$100,000 richer” simply because everyone was so willing to loan him money.

 

But the trouble didn’t start from those plastic cards. It started when he decided to buy a car.

During that time, it was still possible to buy a car with $0—all they needed was his payslip and ta-da: he could walk away with a brand new car, having only to fulfil the monthly instalment. But here’s the thing: the monthly instalment must be fulfilled, because failing which, he would lose a reasonable amount of money.

 

Johnny got a BMW (he didn’t specify which model) and paid $1,000++ every month for the monthly instalment. All was good (not very, but to him, it was)—with him earning $3,600, he could still survive on a $1,000++ monthly expenses.

But a few years later, he lost his job.

 

We’re not sure whether he was retrenched or fired, but even when he lost his job, he couldn’t let go of his car. He claimed that the monthly instalment must still be fulfilled, or he’ll lose “tens of thousands of dollars”.

 

The first thing he did was to find a job—fast. He got one as an executive in a financial institution, but the take-home pay of about $2,000 was just enough to pay for his instalment, petrol and maintenance.

 

Then he admitted something: he could have let go of his car and pay his debts slowly. But he didn’t want to—because his friends, family members and everyone around him knew him as the successful banker who drove a BMW. He would rather eat instant noodles and bread than to lose his only status symbol that was “keeping him alive”.

It has been a few years now, and with him drawing only $2,000++ and paying $2,000 for his car monthly, his concern now is what would happen next year (2017), when the COE of his car expires. He won’t have enough to renew the COE or buy a new car.

Well, when he posed the question in his email, he replied to it himself: “What were I thinking?’

Seriously…Johnny, all we can say is that you’re not alone, and thank you for sharing your story, because it really showed us that the latest policies about car ownership have helped people and not harm others.

 

After all, the moral of the story is simple: don’t buy a big hat if you’ve got a small head.

 

after one year, the coe cheong like madness

johnny chio bee bee, sold off the car at zero loss

[RadX]

after one year, the coe cheong like madness

johnny chio bee bee, sold off the car at zero loss

 

 

then no more TUCK YEW, he say

 

THANK YEW  

[Wyfitms]

if i see a fresh grad junior banker driving a BMW, i will not think he is successful.

 

either he is a financial idiot or father very rich 

[Mustank]

then no more TUCK YEW, he say

 

THANK YEW  

 

actually that's what happened to my uncle, by chance one

when he was young, he bought a car

then coe cheong until madness

he sold off the car at zero loss, as if he drove it around for free for a couple of years

he told me that was really a fluke in a lifetime!

[RadX]

if i see a fresh grad junior banker driving a BMW, i will not think he is successful.

 

either he is a financial idiot or father very rich 

 

 

hahhaha...its the truth bro

actually that's what happened to my uncle, by chance one

when he was young, he bought a car

then coe cheong until madness

he sold off the car at zero loss, as if he drove it around for free for a couple of years

he told me that was really a fluke in a lifetime!

 

 

same ....made 15k when i sold my porsche cos of rising coe....haha