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COE bidding - 1st round of Feb 2017

therock

By therock,
in General Car Discussion

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13177

13177

Hypersonic

Is it wise to bid coe on my own? Can i still get a loan for the bare car? Will PI/AD entertain such request?

It is good to bid coe yourself if you are super cash rich and must secure the coe during the first bid no matter what happen?!

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Darius

Darius

2nd Gear
(edited)

Is it wise to bid coe on my own? Can i still get a loan for the bare car? Will PI/AD entertain such request?

They do but you do everything yourself and AD/ PI earn same margin lah. Do it if you are very free or importing your own car and very familiar with all the process. More PI and AD are open to specific request such as COD compared to before but they must still earn.It a good experience to do it but not necessary saving on $$%$$ Edited by Darius
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minion

minion

4th Gear

Actually there's no difference. In fact the one getting a loan may get his first since the company makes more $$. My rep put in the bid anyway.. got my COE four and a  half month ahead of my car. First bid..

May I know what was the loan tweak?

Today's news paper. First Column Third Paragraph

post-158445-0-16754900-1486434879_thumb.jpg

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Ct3833

Ct3833

Supersonic
(edited)

Wonder if they get a better rate for a 800k car loan or not...

i wonder why you wonder if you have to wonder.  people who could afford 800k loan no need better rate lah. 

Edited by Ct3833
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Nzy

Nzy

Twincharged

i wonder why you wonder if you have to wonder.  people who could afford 800k loan no need better rate lah. 

 

I am sure those who take 800k loan will want better rates. The difference gets huge.

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Kusje

Kusje

Supersonic

i wonder why you wonder if you have to wonder.  people who could afford 800k loan no need better rate lah. 

 

Then why take a loan in the first place?

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Ct3833

Ct3833

Supersonic

highest one is 800k, avg is 65k, so what does it mean?

It means if without the 800k loan, the average could be lower than 65k. But in reality, only 1 or 2 cases of 800k loan, it would probably wont swing the average too much.
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Nutty

Nutty

4th Gear

Yet another adjustment to the max allowable car loan coming?

 

Come out all these financial news on car borrowing before Budget announcement, something must be brewing soon. Any thots?

 

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TangoElite

TangoElite

6th Gear

Come out all these financial news on car borrowing before Budget announcement, something must be brewing soon. Any thots?

 

yes yes, i agree. good observation

 

they always like to test the waters first, before announcing changes.

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13177

13177

Hypersonic

Come out all these financial news on car borrowing before Budget announcement, something must be brewing soon. Any thots?

Dont think they will increase the loan period, cause currently already 7 years. Maybe they want to revert back to 5 years max loan period?

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arcvisionary

arcvisionary

Neutral Newbie

Dont think they will increase the loan period, cause currently already 7 years. Maybe they want to revert back to 5 years max loan period?

Or maybe back to the 10 years loan thing but further reduce the COE quota?

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