An honorable member of the Coffee Shop Has Just Posted the Following:
Motor firms get creative to woo buyers
By Christopher Tan, Senior Transport Correspondent
MOTOR companies are coming up with innovative ways to entice car buyers put off by the recent cooling measures.
These range from a leasing deal that allows customers to drive away with a new Mercedes-Benz E200 with no downpayment to a buyback scheme that lets them own a Porsche Panamera for just $788 a month.
The arrangements are offered mainly by companies selling premium and luxury brands, as these are the ones most affected by the cooling measures.
In February, the Government restricted most car loans to 60 per cent of the purchase price - compared with up to 100 per cent previously - and imposed a tiered taxation system placing the heaviest burden on luxury vehicles.
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29-05-2013, 11:30 AM
Lease or buy car?
