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Thread: It breaks 3.8

  1. #421
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    So, anyone looking to buy BMW?..the car of some people's dreams? the one to go for?, the one must have someday?
    They're mulling to extract more of your shringgit more from your purse in due course at this rate..
    Already the car is price of a house..thanks to your 1gomen for such obscenely price products.
    http://paultan.org/2015/09/10/bmw-ma...ign=fbnewsfeed

    But then again..why worry..company towkays and such well to do people don't have to worry..company pay the installments...nothing out of own pocket..so ENJOY!...
    Very easy to spot company owned vehicle..see the road tax disc..if its more than personal vehicle rate?..its company owned.
    Rolls Royce 5000cc.. 13+k tax, Company owed 56k..

  2. #422
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    Quote Originally Posted by bslee View Post
    ....But then again..why worry..company towkays and such well to do people don't have to worry..company pay the installments...nothing out of own pocket..so ENJOY!....
    On the contrary, most of these cars are sold as individually-owned vehicles, only a small percentage are company-registered vehicles. That's why the big players which have the volume actually subsidized the interest rate to attract those buyers who initially can't afford the car by lowering the interest rate with flexible repayment !! They have their "flexible financing solutions" designed with you in mind !!

    For example, with interest rate as low as 1.58% and monthly installment of about RM2300, the entry barrier to own this car has been lowered ...

    http://www.bmw.com.my/financingoffers/

    http://www.mercedes-benz.com.my/cont...financing.html

    This probably is one of the reasons household debt in Malaysia is among the highest in the world, a whopping 83% of the GDP !!

  3. #423
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    Quote Originally Posted by Greenwich View Post
    On the contrary, most of these cars are sold as individually-owned vehicles, only a small percentage are company-registered vehicles.
    Hmmmm...I've been hearing contrary to what you claim. Its more of company owned than individual..maybe we both mix with different people different views.
    I know many towkays all buy and change their Merc, BMW, Vellfire, Hellfire, whatever FIRE, or some luxury vehicles and all expenses by their company they own or manage, don't matter public listed, limited or sole proprietor. its to do with taxation, of course come with the satisfaction they can drive a new luxurious vehicle every few years. Who don't like the that idea..new car every 5 years..nice feeling mah!..LOL!
    There was one claim..believable or not I don't know.. Sometime in the past, successful VCD sellers (those young flers) with their gain..quickly bought german cars to swank around..and the German maker had great sales figures....due to all these flers insatiable appetite when they got "rich".. individual purchase of course..but when things took a turn for the worse.. suddenly you see numerous nice looking cars on the used car market...
    BTW, even buying a national car can contribute to big household debt..no need to buy Camry or Accord to achieve that..its simply spending more than one can afford..
    Everyone wants to own a car very soon, realizing public transport is SO POOR for decades and owning one is still some status symbol.

  4. #424
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    Quote Originally Posted by bslee View Post
    Hmmmm.....I know many towkays all buy and change their Merc, BMW, Vellfire, Hellfire, whatever FIRE, or some luxury vehicles and all expenses by their company they own or manage, don't matter public listed, limited or sole proprietor. its to do with taxation, of course come with the satisfaction they can drive a new luxurious vehicle every few years. Who don't like the that idea..new car every 5 years..nice feeling mah!..LOL!.
    I actually limit the scope of company car to vehicle registered by a company and given to the staff as part of company's perks.

    Yes, I think you are right about the car registered as company vehicle by the owner of the company and for his own satisfaction and enjoyment..

  5. #425
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    Those company owned are usually 5 series and above which cost around 400k above.Also those lower series like X3,2,1 and 3 series are usually sole proprietor owner.

  6. #426
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    Quote Originally Posted by bslee View Post
    So, anyone looking to buy BMW?..the car of some people's dreams? the one to go for?, the one must have someday?
    They're mulling to extract more of your shringgit more from your purse in due course at this rate..
    Already the car is price of a house..thanks to your 1gomen for such obscenely price products.
    http://paultan.org/2015/09/10/bmw-ma...ign=fbnewsfeed

    But then again..why worry..company towkays and such well to do people don't have to worry..company pay the installments...nothing out of own pocket..so ENJOY!...
    Very easy to spot company owned vehicle..see the road tax disc..if its more than personal vehicle rate?..its company owned.
    Rolls Royce 5000cc.. 13+k tax, Company owed 56k..
    Somehow or rather, those massage chairs from OSIM and OGAWA that is of the premium range... they have been classified as "medical equipment" and now installed in some offices and deductible expenses? Depreciable over 3 years and then then a new one all over again... and deduct from tax again hahahaha... OSIM gives a 5 year guarantee but Tax Dept gives a 3-year deductible period, something fishy here...

  7. #427
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    I was at Speedmart99 at 9something..observed at a glance, some products (obviously with imported content or raw materials) PRICE silently GONE UP slightly. Say last time one product 13 something, now 15 something. Price of my favourite liquid shower around 6.60...last time 5.90. But this is not a reference...the price for this product is yo-yo..I reckon varying quantity purchase and discounts that vary from time to time. Same product at many small shops and supermarkets can be as high as 7-8 something.
    So?..I guess people are still not very worried or feel unaffected.

  8. #428
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    Quote Originally Posted by bslee View Post
    I was at Speedmart99 at 9something..observed at a glance, some products (obviously with imported content or raw materials) PRICE silently GONE UP slightly. Say last time one product 13 something, now 15 something. Price of my favourite liquid shower around 6.60...last time 5.90. But this is not a reference...the price for this product is yo-yo..I reckon varying quantity purchase and discounts that vary from time to time. Same product at many small shops and supermarkets can be as high as 7-8 something.
    So?..I guess people are still not very worried or feel unaffected.
    You are absolutely right......"people are still not very worried or feel unaffected"

    Its still early.....technically its just a little over 3 months ......many importers would have rolling stock, and that should have just about run out....considering the consumer distaste for the recent GST hike.....may have been reluctant to up prices....but for HOW LONG?..... jumps will begin soon.

    An item here, another there they can accept...... However......When everything GOES UP!

    The majority haven't a clue....

    The few who have some clue of what 'it could be like' are generally well off, and feel they have sufficient surplus to offset any increase in COL, and so believe they'll get by.......then again, these ppl will 'huff and puff' amongst friends at dinner, but when they get home.....Normalcy Bias sets in [if you watched video post earlier, you'd understand]

    The masses get their info from the MSM and possibly some W'up messages .....but then, they are more concerned about 'colored t-shirts' and the local 'political scene'..... and 'assume' that all this is on account of it ,..... and as always,.... as before in 'our Blessed Land'.......will auto-correct soon....and everything will cool...

    Then there are those who will feel that......'I survived 1997'......'I'll survive this'

    Lets wait and see....the good thing is 'We may not have to wait for long!'

  9. #429
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    Quote Originally Posted by bslee View Post
    ..I guess people are still not very worried or feel unaffected.
    Those aged folks in SJ/USJ who have long-term illness and depend on drugs to control the illness sure feel it. These are the retirees who buy their prescribed drugs from pharmacy instead of going to private clinic (to save some bucks).

    My buddy who live in ss14 is one of them. The price of diabetes medicine and blood sugar monitoring kits are getting higher and higher. For example, the lancet and the test strip used for the glucometer has been up 15% just a few months only !! I am not surprised all these medical costs are higher than his meals expenses...

  10. #430
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    Today Bank Negara will announce if interest rate remain or increase. If there is an increase, it may help RM a bit.

    But it will have an impact on loan, stock market margin user. We shall see later.

    Imagine in 1997, when interest rate was as high as 10+%, most foreign fund came back.

    Most of goreng stocks are losing power, only AIRASIA still show quite bullish trend.

    Since it's Friday, so it's profit taking day.

    Since the haze covers your sky, I can't blame you if you can't see clearly, but you should know where you stand on this Friday !

    Goreng Tetap Goreng !

  11. #431
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    Talk about interest rate, yesterday was the maturity day of my AUD account.

    The net return is 7.5% for the period of 6 months ( 2% from interest and about 6% from exchange rate gain). Not fantastic but not bad either since it is a safer bet than goreng stocks !!



    p/s : I am waiting for the maturity of my SGD account in less than 2 weeks.

  12. #432
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    Quote Originally Posted by Greenwich View Post
    Talk about interest rate, yesterday was the maturity day of my AUD account.

    The net return is 7.5% for the period of 6 months ( 2% from interest and about 6% from exchange rate gain). Not fantastic but not bad either since it is a safer bet than goreng stocks !!





    p/s : I am waiting for the maturity of my SGD account in less than 2 weeks.

    Haven't seen 7.5% for a long time.......used to be 17% ++ in the old days

  13. #433
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    Quote Originally Posted by Naka View Post
    Haven't seen 7.5% for a long time.......used to be 17% ++ in the old dauys
    You see, my approach is there is no need to take higher risks to get richer, just invest for something better than the epf return is good enough for me..

    The AUD was intentionally weakened by the aussie central bank for export competitiveness, that's why MYR only marginally weaker than AUD.

    Anyway, I am positive the SGD account will be better than 7.5%...

  14. #434
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    Quote Originally Posted by Greenwich View Post
    You see, my approach is there is no need to take higher risks to get richer, just invest for something better than the epf return is good enough for me..

    The AUD was intentionally weakened by the aussie central bank for export competitiveness, that's why MYR only marginally weaker than AUD.

    Anyway, I am positive the SGD account will be better than 7.5%...
    I just went & converted some SGD into AUD in an Exchange Kiosk

    SGD$1,000 = AUD$946.00......not too bad

  15. #435
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    Now its claimed our Shringgit is at going worse since 1971...not 1997.
    Another record broken?
    http://www.themalaymailonline.com/ma...ses-since-1971
    I wonder any Fung Shui lou forecasted the drastic currency drop for this year? when ushering the new year?. Personally I refuse to believe anything they claim or foretell.

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