Car dealers temporary joy to sell 7000 used car

Car loan lifted for used car trade for two month for dealers by MAS. The news is a relief which affects badly the sale of used car by limiting to 50 percent loan.The 7000 used cars affected are expected to clear and then the new rules step in which will be effective. The high inbuilt Certificate of Entitlement which is a paper permit to transact for a car cause the old stock to be overpriced and over the head of all except the rich and richer. Expect more use of the MRT and the Buses for those without the means.