Car buyer's guide : Can you afford that car? How to calculate downpayment & monthly installments

Get a car insurance quote from all major insurers : sellmycar.com.sg/car-insurance/
Selling your car? Get more for your car by selling directly to a buyer while we handle all the paperwork for you! Try out sellmycar.com.sg for a valuation! 100% free valuation for your car in 24 hours.
---- Keep up with us ----
Subscribe to our KZbin channel for more car videos just like this ! / carlifesg
Website : carlife.sg
Facebook: / carlifesg
Instagram : / carlifesg
Join our FB group : / carlifecommunity
Business/Enquiries : [e-mail]
We're always looking for cars to review ! If you have a cool ride, do drop us an email at [e-mail] 😇
Do let us know which car you'd like us to review next by leaving a comment down below! 🤗

[@uncool005]

Great video ! Useful. The intro with lambos was funny 😂

[@CarLifeSG]

😁

[@dsjc_]

That was strangely satisfying and enjoyable haha, and the intro was funny

[@hongsonglim754]

Great video and presentation, now I have quite a understanding about the loan.

[@CarLifeSG]

Glad it was helpful!

[@joelmathews1013]

Very very informative video! Thanks for the detailed presentation bro.

[@zhengweiguo7659]

Thank you for sharing! Is useful for us first time buyer🙌🏻

[@PJWALL89]

Make video 0$ down payment for new and uesd car

[@CarLifeSG]

i'll see if i can get into that

[@jazzyflames]

Hi sir thanks for the videos make care to share top 5 cheapest OPC new car calculations. As now COE is so high. Thank you so much.

[@naztan5593]

Should do a golf tsi review!

[@nikkiromero19]

Would like more on car finances. Common topics like Insurances - Got what way to bring down? Taking over a family member's NCD? Putting under family member's name? Downpayment, can the other schemes benefit buyers? Like $0 downpayment or $0 driveaway or $5K driveaway etc Higher interest $0 downplay loans - got benefit? Etc Great video! Thank you! =)

[@CarLifeSG]

thanks ! will look into the above

[@believe88]

Video didn felt long cos it was informative. I'm earning 6k and thinking of buying a parf car

[@CarLifeSG]

thank you 🙏go for it

[@isaacimmanuelanthony9921]

Hi bro, just wondering if I am looking to get a evo 10 gsr, how much do I need to be earning monthly to be able to afford it? Love the vid👌🏾

[@CWJY68]

Nice video man! can you show how to calculate at 10 years the money you get back?

[@CarLifeSG]

Will do 👍

[@dessertspring6206]

After COE expires, car owner has to pay for renew for another 10 years? How much will be renew cost? Any regulations regarding ceiling limit of car’s service years? Thanks

[@ramliyusoff3153]

Hi, i enjoy the video very informative..next might able to share buying a coe paid vs parf ? Pros and cons ..5yrs or 10yrs better etc? …thanks keep u the gd reviews Btw Bmw 1 series review pls diesel vs petrol

[@CarLifeSG]

Sure

[@sh_pic.clicks]

How do you ask a dealership for a review of cars?

[@tongmatt]

Great vid, how about “overtrade” option?

[@CarLifeSG]

Over trade is basically a discount, but phrased that way so as to not dilute the branding (amongst other reasons) 👌🏻

[@jwanglerz8500]

Bro, mind share if buy this car and use for 2 years, then decided to sell it. In total how much we will lost if sell the car after 2 years use

[@MohamedIbrahim-ni3dm]

Can you do a video on how to negotiate car prices and how to get the BEST deal? 👍🏽

[@CarLifeSG]

To get the best deal, buy from the desperate

[@benjaminong9854]

Hi thank you for this useful information! Would like to know more about high loan/ 100% loan. Is it even possible in SG?

[@roincec]

It is possible. But your interest is sky high. Car dealers will just declare a higher price to the bank to get a higher loan. That is how people get high loan/100% loan. But the more u borrow, the more interest you have to pay.

[@benjaminong9854]

@@roincec but MAS allow that? Because I thought on their website they state only can borrow 30 or 40% only depending on the OMV.. didn’t state about full loan. PS, I’m not a car owner yet so abit confuse haha

[@roincec]

@@benjaminong9854 lets say u need to buy a car at 100k. You need want to take full loan. Aka, a loan of 100k. The dealer will declare to bank, you buying car at 142k. You have already "paid" 30% of the car price at 42k. So you loan a "70%" of 142k at 100k. There is no law about how much the car must cost. They only say u cannot take more than 70% loan. That is how they break the loophole.

[@benjaminong9854]

@@roincec i see. Well played by the car dealer 😂 thanks for the information! Now I understand

[@CarLifeSG]

u can do the next video 😆

[@jacobchg23488]

Hi, will you choose Is250 or markx as daily?

[@CarLifeSG]

never driven either so i cant be sure. but probably an IS250 because it looks better

[@matchamochiiii]

reminds me of my math lessons haha

[@CarLifeSG]

haha luckily most things are already spelt out in sgcarmart

[@Wendaykor]

Does depre only matter if you plan to drive for a longer term?

[@CarLifeSG]

it matters all the time

[@domq1543]

Buying cars in Singapore is totally not worth it, smart people don't do it.

[@thatelantratho]

Unless you’re really rich 😁