References Websites

Road Tax calculator
https://vrl.lta.gov.sg/lta/vrl/action/pubfunc?ID=EnquireRoadTaxByEngCap

Car Loan Calculator
http://www.oneshift.com/pdb/carloan.php?pid=1250

Car Dealers Websites:
http://www.championmotors.com.sg/
http://www.jcclgroup.com/motorvehiclessg.html
http://www.nissan.com.sg/news/index.cfm?theyear=2003&nemonth=6
http://www.borneomotors.com.sg/main/main.htm

Scenerio 5

Carrie just graduated from a local university with an honors degree. She has just joined the teaching force, currently studying in NIE (National Institution of Education). The school is located very far from Carrie’s house, so she decided to get a car to ease her travelling time. As she is a fresh graduate, she has not much savings. She is earning $2800 per month and after CPF deduction, she is drawing $2240. Her parents will be giving her an interest free loan of $10,000 for the car. If you were Carrie, what car would you buy and what loan package would you pick?

Scenerio 4

Mdm Kan is a free-lance accountant. She works from her Choa Chu Kang home. She is earning $3200 monthly and her monthly expenses sum up to $2000 leaving her with $1200. She has savings of $33,000. She collects and returns her accounts on weekly basis. She is working for a few companies and her clients are all residing at the East. Therefore, she needs a car to transport the accounts to and fro (approximately twice a week). If you were Mdm Kan, what car would you buy and what loan package would you pick?

Scenerio 3

Mrs Debbie Goh is married with two children. Her folks are staying with her family. As both her husband Mr Joel Goh and herself are working, their two kids, 4 year old and 2 year old are left with their maid and Debbie’s mother. Both Mr and Mrs Goh have been working as engineers for quite some time; hence they draw $8500 a month in total after CPF deduction. They spend $6000 a month, saving $2500. They have $25,000 of savings in total. They will usually have family outings over the weekends, travelling with their maid, parents and 2 children. Hence, Mr and Mrs Goh plan to get a car that can ferry everyone from places to places. Which car would you choose to buy for Mr and Mrs Goh and what loan package would you pick?

Scenerio 2

Mr. Lim and Mrs. Lim lived in Bishan and have no children. The couple stays near Bishan MRT and works in Raffles Place. Mrs. Lim is a free-lance private tuition teacher. Mr. Lim got a promotion last month and is thinking of buying a car so that he and his wife can drive on weekend to play golf and visits friends. Mr Lim now earns $7000.00 dollars a month and after deduction from his monthly cpf contribution, he brings home $5600. Mr. Lim and his family spend $4500 a month and saves $1100 per month. Mr. Lim and Mrs.Lim has $70,000 in their bank account. If you were Mr. Lim, what car would you buy and what loan package would you pick?

Scenerio 1

Mr. Tan and Mrs. Tan have two children, Adam and Amy. Adam is seven years old and Amy is three years old. Adam has just started primary school. Mr. Tan is thinking of buying a car so that he can drive Adam to school and also to work. Mrs. Tan is a housewife. Mr Tan earns $6000.00 dollars a month and after deduction from his monthly CPF contribution, he brings home $4800. Mr. Tan and his family spend $3500 a month and saves $1300 per month. Mr. Tan has $50,000 in his bank account. If you were Mr. Tan, what car would you buy and what loan package would you pick?