Originally Posted by Unregistered

Only if you are holding stable jobs.

What I did in 08/09 was to keep driving my old car, and instead used the war chest of money to pick up oversold stocks and my current home at a discount. When the stock recovered and my stocks value multiplied, and my car COE expired, I then bought myself a new car when the COE was around $27k. Not at the lowest, but at least I got the car & COE for "free" - paid for from the gains from stocks.

So, I am going to do the same again in the current stock market rout. Look out for and pick up oversold stocks and wait for them to rebound. The $150k you wanted to pay for a car, can grow multifold when invested in the right stocks at the "right" time. You can then have 1 or two "free" cars when the market recovers.