Tuesday, March 17, 2009
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?
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