Does LTA need so much money?No, but they'll take it from you anyway,
You dont pay the entire sum up front, you pay installment to the bank that pays LTA upfront. My point is, why cant we pay interest free COE installment to LTA directly instead of having to go through the banks.Originally posted by Meia Gisborn:A potential car owner is more likely to balk at having to pay the entire COE cost up front, than at paying it off in more "affordable" annual instalments.
MG
If it is rent, why cant we pay LTA on a monthly basis instead of having to take up loan from the banks to pay them upfront. You dont do that when you rent a shop or a flat do you?Originally posted by sbst275:In the 1st place, the COE is like that you are renting to use the roads in SG since 1990
Did you read how LTA reply to the query on the usage of COE rebate on 10th June (pg.32) TODAY paper? They are literally tell you the same thing which we are questioning. This is what we call dictatorship isnt it?Originally posted by robertteh:In terms of pricing road usage, what can be the difference between:
(1) Excise Duty (Upon import)
(2) C.O.E. (Upon Purchase after import)
(3) ERP (After Purchase upon Driving)
To my mind these three serve the same purpose but people like MPs, nominated MPs, grassroot leaders, AA, Case who represent us did not seem to raise objections.
So the government once again got away from charging people triple on one item of tax by giving excuses that charging the second time is to have a way to curb excessive vehicles on the road and charging the third time is to fine tune road congestion at certain point.
All these kinds of ministerial decisions are pure bull but no body is speaking up for the interest of the people.![]()
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I think you just answered your own question.Originally posted by Gazelle:You dont pay the entire sum up front, you pay installment to the bank that pays LTA upfront. My point is, why cant we pay interest free COE installment to LTA directly instead of having to go through the banks.
Singaporeans are mostly vain. The gov take this advantage to make $$$. Of course, we also have tyrant government!!!Originally posted by Gazelle:Did you read how LTA reply to the query on the usage of COE rebate on 10th June (pg.32) TODAY paper? They are literally tell you the same thing which we are questioning. This is what we call dictatorship isnt it?
Isn't it the same? If they collect by monthly, they also want to charge interestOriginally posted by Gazelle:If it is rent, why cant we pay LTA on a monthly basis instead of having to take up loan from the banks to pay them upfront. You dont do that when you rent a shop or a flat do you?
Why should we pay interest for something which we havent use?Originally posted by sbst275:Isn't it the same? If they collect by monthly, they also want to charge interest
When you pay for the COE, the ten years starts tickingOriginally posted by Gazelle:Why should we pay interest for something which we havent use?
hello we talking about Pay and pay government here leh what you think?Originally posted by Gazelle:Why should we pay interest for something which we havent use?