helppppp... car loan

• 10dollar

  16 Oct 06, 17:44

  May i know why the dealer always tell me to tell finance that im buying the car at for eg 80,000 but only loan 70,000 ?
  
  
• redknapp11

  16 Oct 06, 19:43

  On papers it will be....
  Selling price 80k
  Downpayment 10k
  loan amount 70k
  
  If your income is not strong and wanna get 100% loan.....
  This is what the car dealer normally do to secure the loan application.
• AE86tofu

  16 Oct 06, 20:19

  COE car isit? very hard 2 get 100% loan la....
• redknapp11

  16 Oct 06, 20:21

  Originally posted by AE86tofu:

  COE car isit? very hard 2 get 100% loan la....

  COE car at $70K?
• xiangster

  16 Oct 06, 21:26

  haha.. a 1984 Ferrari Mondial cost $98,888... you never know..
• redknapp11

  16 Oct 06, 21:44

  Originally posted by xiangster:

  haha.. a 1984 Ferrari Mondial cost $98,888... you never know..

  do you think it worth the money?
  I don't think it is practical....unless you are not living in sg....