transfer name? then who is going to do the full settlement? the bank wont allow name transfer unless ur car is fully settled.Originally posted by TheDream:yeah,... I'd advise u to transfer the car as well,... the inconvenience (and misunderstandings) may not be worth it,...
In any case, one day both of u will want your own car,... so the savings, NCD for insurance, etc will come into play one day under your own names,...![]()
Originally posted by sir_boris:Best done at arms-length.
And how come so short sighted didnt plan well for boot space requirement?
Whether or not they transfer the name for the car, they will still need to decide who to take over the payments of the car what,...Originally posted by so_nice:transfer name? then who is going to do the full settlement? the bank wont allow name transfer unless ur car is fully settled.
but i wont really recommend u to take over the installment cuz S$604/= is quite high. lets see..
brand new fit: S$55k(est.)
downpayment: S$5k
loan amount: S$50k
- - - - - - - - - - - - - - - - -
mthly installment at 2.8% interest rate: S$534/mth
by coming out with an extra $6k u can get a brand new fit wif 3 yrs or 60000km warranty..why not?![]()
10 yrs @ 4% is quite a lousy deal... not trying to promote family discontentment or what.. somehow i think that its not as simple as boot too small....Originally posted by joanne:Hi all,
This is what the calculations comes out to..
monthly instalment $607 (he took a loan for 10 yrs @ 4%, with cash rebate of more than 5K)
insurance (yearly payment) $1400
road tax (every 6 months) $350