Cute Vans
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Err, can post about vans here?
I am thinking of getting a cute van - u know, Kangoo, Opel, i dont know, a few of the car manufacturers have these cute vans...
If let's say I pay about 20% of the cost, would anyone know roughly the monthly expenses?
Also, what do u think, makes better sense to get a first hand or a second hand one? Heard that COE of commercial vehicle shoot up again leh.
AND hor.. petrol or diesel?! -
u must hav a firm in order to get a van.
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no need la.. just need a registered business.
What do u all think?
Renault Kangoo?
Opel Combo?
Citroen Berlingo?
what other mini vans are there? -
Kangoo is nice
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Those you mentioned can be found about the reviews at Eurovan club.Originally posted by ShrodingersCat:no need la.. just need a registered business.
What do u all think?
Renault Kangoo?
Opel Combo?
Citroen Berlingo?
what other mini vans are there?
the DreamzVanning has mostly japanese vans. you should try to check out with the actual owners of the van to find one that you would truly be comfortable with.
And Yes. Go for 1st hand vans. -
Increasing popularity with Singaporeans these days. Just register a shell company and register that car under that company. Runs on diesel, lower road tax and now 70km limit. Nowadays limit more feasible, last time 50km limit slow like fark.
I see so many with windows behind and some 'zheng' chairs. Actually looks pretty decent.
Actual price wise considered comparable with other smaller budget cars, but maintenance over the years you probably save quite a bit. -
I have registered a company before under my name (a Pte Ltd co.), which shares I have now sold to the Europeans, though I still run and manage it for them till this day.
I'm thus only familiar with the owning/running of a Pte Ltd company. With a Pte Ltd co., you'll need to appoint auditors (though auditing is not always needed anymore), company secretary (can be yourself), book keepers (can be yourself), etc etc. In other words, you'll need to show your full set of accounts to the government - where/how your money comes and goes. If you don't profit in 3-5 years, there is a chance that ACRA or IRAS will look into your accounts, to see if the system is being "abused" (for lack of a better word).
I don't have first-hand experience in the running of other types of companies (sole proprietorship, partnership, etc). I know you don't need to appoint the same parties as a Pte Ltd co., and are not subject to auditing....but has anyone really tried owning such a "ghost company" with no trading movements? Knowing how well-informed governments are where tax collection is concerned.....is there really such a simple loophole, to be able to just register a company and use its name to buy a commercial vehicle and keep it peacefully for years without being questioned?
(I'm not doubting anyone's words that it might be possible....I'm sincerely asking for the sake of my own knowledge). -
To register a commercial vehicle to a company is no frills. If pay full in cash (or gold bars also can), then it will have no issue also.
However, will bank give out loan to the company? If pte ltd, the directors and the company are different entities. In the case of default, bank can chase after the company... maybe worth $2, only. I'm sure the banks are not that gong gong.
The only way is to get a director to sign another thing with the bank to be personally liable.
Any with such experience to share? -
The way you asked abt monthly expenses is so super le. If i owe you $1mil monthly how much I need pay you assuming got interest charged??Originally posted by ShrodingersCat:Err, can post about vans here?
I am thinking of getting a cute van - u know, Kangoo, Opel, i dont know, a few of the car manufacturers have these cute vans...
If let's say I pay about 20% of the cost, would anyone know roughly the monthly expenses?
Also, what do u think, makes better sense to get a first hand or a second hand one? Heard that COE of commercial vehicle shoot up again leh.
AND hor.. petrol or diesel?! -
Nowadays, some of these banks seem to be getting more and more daring. Though my company has just a small paid-up capital, I've received cold calls from famous banks, who offer lines of credit to my company, etc. I never bothered to listen to them because I'd prefer to keep this company as debt-free as possible. So sorry, I don't know the details or conditions.Originally posted by sir_boris:To register a commercial vehicle to a company is no frills. If pay full in cash (or gold bars also can), then it will have no issue also.
However, will bank give out loan to the company? If pte ltd, the directors and the company are different entities. In the case of default, bank can chase after the company... maybe worth $2, only. I'm sure the banks are not that gong gong.
The only way is to get a director to sign another thing with the bank to be personally liable.
Any with such experience to share?
But yeah, I would suspect that they would examine your accounts and history before lending you any money. -
Just got msn-ned from a friend. he was interviewed for the Eurovan's Children Cancer Foundation's Tulip Heart Day.
http://multimedia.asiaone.com.sg/vodcast/2006/09/07a/story.html
Check it out.
I prefer the Combo.