COE and Car Prices

[Musicwhiz]

Good discussions, thanks.

From my understanding, the $0 down-payment scheme is still valid and active as I see it being advertised during some car road shows. It's quite irresponsible of the salespeople to push such deals especially to young couples or men who have barely worked for many years.

And I think the system to extend the loan period from 7 years to 10 years is also silly, as it will just get more people indebted and increase their financing costs!

Then again, it seems this is all Uniquely Singapore!