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poll: who owns your car? you? or the bank?
Singapura:
In Singapore you not only buy the car but you have to get a license that almost doubles the price. Combine this with a tax that is the highest in the world PLUS electronic road pricing and you don't even want a car. Good thing tax's are relatively cheap and public transportation is abundant. Besides Singapore is very small. Still, you see lots of luxury cars (even Lamborghini's and Ferrari's) on the road.
danny_galaga:
--- Quote from: Singapura on February 02, 2008, 01:04:11 am ---In Singapore you not only buy the car but you have to get a license that almost doubles the price.
--- End quote ---
yes, but surely youre not saying that everyone pays cash for their cars in singapore?
patrickl:
--- Quote from: danny_galaga on February 02, 2008, 02:26:07 am ---
--- Quote from: Singapura on February 02, 2008, 01:04:11 am ---In Singapore you not only buy the car but you have to get a license that almost doubles the price.
--- End quote ---
yes, but surely youre not saying that everyone pays cash for their cars in singapore?
--- End quote ---
Yes it's similar in the Netherlands (a 40% extra tax on the purchase price) and I don't think it keeps people from buying cars or from getting a loan to finance the car.
billf:
The two cars we currently own, were paid for with cash - no loans. We have a 2004 Toyota Sienna mini van, bought brand new. And a 2001 Honda Civic, bought used on Halloween night 2005 with cash.
When we bought the Honda it was a nasty, rainy and cold Halloween night. We had a Honda Accord that was literally on its last legs, so we went to the Honda dealership to see what they had for used Civics. Test drove two. Decided to put in an offer on the second one. The guy actually laughed in our faces at the offer. We said okay that's fine, we'll see ya later. He basically cornered us and gave the standard, "let me see what we can do". This back and forth went on for nearly an hour and we never budged from our original offer. We stuck to our guns and got the car for that original offer. I do believe that they were happy to sell a car, any car, on a nasty Halloween night.
DaOld Man:
I have a 94 dodge dakota that I paid $11,000 cash for in 97.
It had 36K miles on it when I got it.
It has 199954 miles on it right now. As soon as she hits her 200 thousand birthday, i plan to get a new one.
But the prices of trucks now are ridiculous.
If I get a new one I will have to finance most of it this time.
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