Is this a good offer?

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zzm9980
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Post by zzm9980 » Sat, 03 Nov 2012 8:19 pm

Global Player wrote:
zzm9980 wrote:That will get you a 3-Series BMW or C-Class benz, and an average to very nice condo, depending on the location.
Which leasing company offers a 3-series BMW or C Class benz for 1800 a month?
None, but you can buy them (lower end/base models) new or used in that ballpark. Hell, I saw some 3-4 yr old 320s for ~1500/month not too long ago.

Leasing, expect to pay 50% or more per month extra. Like everything aimed at foreigners, you get reamed.

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Strong Eagle
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Post by Strong Eagle » Sat, 03 Nov 2012 9:02 pm

zzm9980 wrote:
Global Player wrote:
zzm9980 wrote:That will get you a 3-Series BMW or C-Class benz, and an average to very nice condo, depending on the location.
Which leasing company offers a 3-series BMW or C Class benz for 1800 a month?
None, but you can buy them (lower end/base models) new or used in that ballpark. Hell, I saw some 3-4 yr old 320s for ~1500/month not too long ago.

Leasing, expect to pay 50% or more per month extra. Like everything aimed at foreigners, you get reamed.
I think you're going to have a real hard time making the math work on this... just like Romney's budget plans!

COE bidding exercise for October resulted in 1600 cc or less cost of $71,000 and $85,000 for greater than 1600 cc. This huge jump in COE prices is reflected in used car prices.

I didn't see any 320's, so I picked a 300... all around 140K. Simple interest finance of 1.88% over 7 years, less 10% down, yields finance sum of 147,108. Broken down into monthly payments over 7 years yields 1751 per month. This is before road tax and insurance which will add at least another 300 per month... and you need to cough up 14,000 to get started.

I did see 170's for 100K and 200's for 110-120 K... closer... but still a stretch with incidentals

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Post by x9200 » Sun, 04 Nov 2012 8:43 pm

I.e. http://www.sgcarmart.com/used_cars/info ... 05&DL=1111

Just look around reg Y 2007-2009 when the COE was very low. That is exactly this strange thing I don't understand but apparently current COE is NOT reflected that much in the older used cars prices.

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Post by Strong Eagle » Sun, 04 Nov 2012 9:04 pm

x9200 wrote:I.e. http://www.sgcarmart.com/used_cars/info ... 05&DL=1111

Just look around reg Y 2007-2009 when the COE was very low. That is exactly this strange thing I don't understand but apparently current COE is NOT reflected that much in the older used cars prices.
I don't know about that. At $93K asking price, the monthly payment for 100 percent finance is $1514. They didn't list PARF. This car has 8 years left on the COE. IT means it has a capital cost of close to $10,000 per year.

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Post by Cath C » Fri, 07 Dec 2012 1:13 pm

Sounds like you've already got a bit of advice on the car.

On the house, I would say that you can find a 3br apartment for $6K per month. However, it might help if you ask for an "older" place (ie 10-15 years old). Everything in Singapore is brand new and if a place s just a bit older,it can be a fair bit cheaper (and bigger as well). I live in a nice area (district 9/10) in a building about 20 years old. It's very nice and the unit a couple down from me recently rented for $5900. It's 3 bedrooms and has a small outdoor area too. So it can be done.

Good luck with the move. :)

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Post by JennyJenny » Fri, 11 Jan 2013 3:02 pm

With S$6000 you should be able to get a decent condominum. It all depends on your expectation.

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Brah
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Post by Brah » Sat, 12 Jan 2013 9:21 pm

Although it's kind of dumb to reply to a stale thread, if it takes 6k for a decent apartment here, it's really time to leave.

Oh wait, some of us already have....

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JR8
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Post by JR8 » Sun, 13 Jan 2013 2:13 am

Singapore, the Monaco of Asia.

No?

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