Tuesday, December 31, 2013

#430 Car Dream for the average Singaporean

Notice its Car Dream and not Dream Car? As the average Singaporean, one can no longer aspire to drive a dream car in the home country unless you are damn rich.. so any saloon car that fits the family will do..

A quick comparison:

Oct 2009
Toyota Vios 1.5E (Auto)
Current car:$32,000 excluding interests
Downpayment back then: $6,000
Instalment: $430/mth
Expiry of COE: 31 Jul 2015 (5yr,3mths left)

Dec 2013 (Comparision, no purchase)
Nissan Latio 1.5A
Current Price: $33,500 excluding interest
Downpayment due to new financial rules: $13,400
Instalment: $562
Expiry of COE: 7 Mar 2017 (4yr, 3mths left)

=(




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