Originally Posted by Unregistered

Many people want to buy a NEW car to show off their success. Are you one of them and wondering how to get the 50% cash downpayment for a new car? Let me teach you how.

If you own a BTO flat which has reached MOP then you can sell it for a profit since you must have bought the flat very cheap 5 years ago. For instance if you bought your BTO flat at $200k 5 years ago and no w can sell it for $450k. Let's say your remaining loan is $150k. Then after selling your flat at $450k, you have profit of $300k. With this profit, you can use $250k as downpayment to buy a resale flat at $450k and loan $200k for the new home mortgage. The balance $50k can be used as a 50% cash downpayment for a new $100k car.

Better still, use $100k cash to pay for the new car paid in full and use $200k for your new flat downpayment and loan $250k.

Our cheap BTO flat system is helping many people realise their dream to buy new cars. That is why demand for new cars and COE is very high. COE prices will continue to rise as more and more people benefit from the cheap BTO flats.