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Thread: Anyone booked a BMW last night?

  1. #21

    Default Re: Anyone booked a BMW last night?

    Quote Originally Posted by Big Kahuna View Post
    Immediate consequences I can think of

    1. More people complain because if avg Joe save hard and planning to own a car, this will bust his bubble instantly and he will be very unhappy.
    2. Cash rich people laughing their way to the bank because they get to enjoy cheaper (many predict this is the knee jerk) coe and faster delivery of their new car
    3. Young couple got better excuse not having kid because totally cannot afford a car now
    4. Inflation again because everyone else will blame high mthly car installment...
    5. Taxi, bus, MRT super sardine. ..
    i also pek chek thinking to sell my mpv for Goods Vehicle now locked out of mkt already 2nd hand mkt dunno will die or not
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

  2. #22
    Member milez's Avatar
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    Default Re: Anyone booked a BMW last night?

    Once upon a time, car was never in the equation of must have items in life.
    Once upon a time, car loan was pegged to 70% LTV and max 7 years repayment, where elsewhere in the world, the norm is 70% LTV and 5 year repayment.

    While i can understand the deep disappointment of many aspiring car owners, and the immediate reaction was to blame the government and the rich.
    But the rich are also badly affected by the new tiered ARF scheme.

    If you look at the vehicle population statistics by LT (http://www.lta.gov.sg/content/dam/lt...hs_by_Type.pdf), we have almost 1m vehicles in the country with 5.3m population. That is almost a ration of 1:5
    If you count only private cars, we have about 606,000 cars. The ratio to 5.3m population is 1:8.75

    Using the same ratio and extrapolate it to 6.9m population, we will have 788,600 cars (by 2030)... together with rental cars and taxis, and the population, we will have traffic situation not dissimilar to Bangkok, KL or Jakarta. Worse if without the infrastrusture upgrade planning now.

    But of course, for now, nobody will care. The one and only thing everybody lament is, my car ownership dream is up in the air.
    E-M5 | O12-50 | O45/1.8 | P14/2.5 | O40-150 R | O17/1.8
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  3. #23

    Default Re: Anyone booked a BMW last night?

    another 3 years, my car scrap.... not buying any more as kids will be grown up and in primary school. no point and i trust the gahment should be able to make the public transport better.... if they cannot then think of car again.
    Eat breath LIVERPOOL!!!

  4. #24
    Member milez's Avatar
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    Default Re: Anyone booked a BMW last night?

    Quote Originally Posted by fotoudavid View Post
    another 3 years, my car scrap.... not buying any more as kids will be grown up and in primary school. no point and i trust the gahment should be able to make the public transport better.... if they cannot then think of car again.
    Trust me, in 3 years,.. COE will plunge to a level that you can afford to buy a car again and with car dealers' generous overtrade, you wont have to pay a lot of downpayment, and MAS will look the other way because its GE year.
    E-M5 | O12-50 | O45/1.8 | P14/2.5 | O40-150 R | O17/1.8
    Metz 32CT7 | Flux Capacitor

  5. #25
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    Default Re: Anyone booked a BMW last night?

    I just booked a BMW..... (BusMrtWalk)
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  6. #26
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    Default Re: Anyone booked a BMW last night?

    Isn't the new policy better for those who want to buy an entry level Jap or Korean car with OMV less than 20k? Imagine having to pay for the inflated COE and overall more interests on the loan for the previous unregulated policy. Having to fork out more initial payment will also curb those with no excess cash to want to buy a car on credit.

  7. #27
    Senior Member Halfmoon's Avatar
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    Default Re: Anyone booked a BMW last night?

    Quote Originally Posted by fotoudavid View Post
    another 3 years, my car scrap.... not buying any more as kids will be grown up and in primary school. no point and i trust the gahment should be able to make the public transport better.... if they cannot then think of car again.
    I have no faith in them to improve the public transport at all........
    Art is perception; Perception is art.

  8. #28
    Member Bukitimah's Avatar
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    Default

    For Singapore context, improvement to public transport is the only way. Car ownership is something people just got to pay, no 2 ways about this. I cannot imagine a fair or better way.

    Just hope that between the so called private operators, they share this common national interest and not just profit margin. I still feel that public transport should not be commercialized. Just like the police or hospitals. They are to serve the public nit making profits.

    Car ownership is a luxury item except for business use. So, paying a premium is fair. If you got money buy private properties otherwise. HDB are made affordable for you concept.

  9. #29
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    Default Re: Anyone booked a BMW last night?

    Today newspaper still have a lot of adverts on car. None has mentioned got to pay 50% leh. And a few even claim can drive away for less than $10k. I am a bit confused at this stage how this is all developing....

  10. #30

    Default Re: Anyone booked a BMW last night?

    Quote Originally Posted by Bukitimah View Post
    Just hope that between the so called private operators, they share this common national interest and not just profit margin.
    the only thing "public" about public transport operators is being publicly listed.

    guess which ultimate shareholder is demanding year on year profit growth? tumor sick holdings!
    宁愿遇见丢失幼崽的母熊,也不愿碰上做蠢事的愚人

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