Tag Archives: In-house Financing

COE NOT TO STOP PEOPLE BUYING CAR, BUT TO MAKE MORE MONEY FOR GOVT

It's a worrying trend that prices for COE premiums dipped as it allows more people to buy car. Now Singapore is such a small country and we have just too many cars on the roads. Reason being is that despite having the restriction of loans and a hefty sum of downpayment, Singaporeans are still able to afford as they are earning money from stock markets and lotteries. And to make matters worse, some in-house financing companies or should I say car dealers provide in house loans that will easily manipulate with the loan system by offering high loan, which make the car even more affordable.

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