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?