The Monetary Authority of Singapore (MAS) will place a cap on motor vehicle loans from Tuesday Feb 26.
For a motor vehicle with open market value that does not exceed $20,000, the maximum loan-to-value is 60 per cent of the purchase price, including relevant taxes and the price of the Certificate of Entitlement.
For vehicles with an open market value of more than $20,000, the maximum loan will be capped at 50 per cent.
In addition, the tenure of a motor vehicle loan will be capped at 5 years.
In a statement on Monday, the MAS said: “The financing restrictions are necessary to encourage financial prudence among buyers of motor vehicles. In this prolonged environment of very low interest rates, there is greater risk of buyers over-extending themselves on motor vehicles.”
The financing restrictions will not apply to loans for the purchase of commercial vehicles or motorcycles.咋算commercial vehicles呢 我开个公司 以公司名义买 算commercial么不知道呢。。。。凡是货车和客车就算Commercial Vehicles有钱人还是会买，没钱的贷不到款，就不会想拥车了:)it is all about money五年就杀了一大批买车人。。就是啊，有钱的还会买，没钱的就更不指望买了豪华车很多人是全款买的，人家不贷款。屌丝日子越来越难过了。政府很明确的告诉你，穷人就别买车了。
中产好好存几年再买吧。再加富人多交一点税我是穷人呢。。哭死，二手车也只能带这么多了亚？？？？？？不知道呢。。应该是吧买摩托车吧。像台湾一样。买摩托车吧。像台湾一样。如果是刚需的话，要买还是得买的。。