buy new car

• NightRoad

  8 Feb 06, 00:39

  is it possible to buy a new car without any job but got money to pay for mthly installments and other fees?
  
• mach10

  8 Feb 06, 00:47

  Originally posted by NightRoad:

  is it possible to buy a new car without any job but got money to pay for mthly installments and other fees?
  

  of course,
  if got money, might as well pay in full cash, why installment?
• mr sunray

  9 Feb 06, 10:52

  Originally posted by NightRoad:

  is it possible to buy a new car without any job but got money to pay for mthly installments and other fees?
  

  Buying a car is very much an individual's decision but of course one has to take into consideration of one's financial health.
  
  If you're in good "health", why not?
• pqr

  9 Feb 06, 11:00

  Originally posted by NightRoad:

  is it possible to buy a new car without any job but got money to pay for mthly installments and other fees?
  

  i dun see why not...
  
  say u got $1,000 from ur fix deposite or any sources ...sales guy sure ok...they dun care even if a personc cannot pay up after signing the paper...
  
  They dun care once the signature is done
  
  
• fondue

  9 Feb 06, 12:53

  If you are taking loan, as long as the bank approves.
  
  Paying cash ? anytime man !!
• pqr

  9 Feb 06, 13:17

  Originally posted by fondue:

  If you are taking loan, as long as the bank approves.
  
  Paying cash ? anytime man !!

  got any 1 pay up full when "buying" a car?
  
  "Buy" = rent for 10 years in sg
• mr sunray

  10 Feb 06, 13:43

  Originally posted by pqr:

  got any 1 pay up full when "buying" a car?
  
  "Buy" = rent for 10 years in sg

  Own = rent.
  
  Buy already can sell later.
• pqr

  10 Feb 06, 14:00

  Originally posted by mr sunray:

  Own = rent.
  
  Buy already can sell later.

  sell at loss u know...
  
  renting no loss, and loan to start with
• wbucket

  10 Feb 06, 14:41

  Originally posted by pqr:

  got any 1 pay up full when "buying" a car?
  
  "Buy" = rent for 10 years in sg

  Got, or at least got those who only loan for 1 year.
  
  Anyway, I think the key point here is proving the ability to support the installment without the proof of stable salary. Logically, I don't think the bank would allow a loan from a jobless person unless there is a garantor.
  
  Many have had their application refused by the bank because their salary is questionable.
• mr sunray

  10 Feb 06, 16:08

  Originally posted by pqr:

  sell at loss u know...
  
  renting no loss, and loan to start with

  Renting no loss? You'll be getting zero car value after your "rent" expire at the end of 10 years.
  
  Anyway, from day one when you buy, own, "rent" a new car, it's already a loss even if you decided to sell it or scrape it later.
  
  Car is a liability, not asset.
• pqr

  11 Feb 06, 12:04

  Originally posted by mr sunray:

  Renting no loss? You'll be getting zero car value after your "rent" expire at the end of 10 years.
  
  Anyway, from day one when you buy, own, "rent" a new car, it's already a loss even if you decided to sell it or scrape it later.
  
  Car is a liability, not asset.

  agree totally...
  
  whether rent, own or buy car, is still a liability
  
  but renting do not cause to be in debt with bank...that is a big different in my opinion
• fondue

  11 Feb 06, 21:28

  If your loan amount is less than the paper value of your car, it would be easier to get the loan approve.
  
  IE : Buy a 50k car and out downpayment of 30k. 20k loan should be easily approved. Any prob, they just repro the car and can easily get the outstanding loan amount back. They don't even ask for your income tax return.