Car 01 (May 08 - Dec 12)

Re: Car

Postby Musicwhiz » Sun Feb 07, 2010 7:58 am

I myself have no issues about Toyota, in terms of reputation. But I wonder if everyone feels the same? ;)

On a side note - wow a 30-year old looking for aS$60,000 Corolla Altis (and he has been driving a car for 3 years already); and a 29-year old driving a Lexus! I continue to get the feeling that Singaporeans are very rich! :shock:

Feb 7, 2010
Local car buyers still keen on Toyota

By Leonard Lim

The Toyota name may have taken a battering globally, but some Singaporeans are still keen on the brand.

At its distributor Borneo Motors' Leng Kee showroom yesterday, prospective buyers continued to show up, even after news that the Japanese automaker had recalled over eight million cars across North America, China and Europe for accelerator pedal problems.

Ms Amarjeet Kaur was among 15 or so visitors to the showroom during the nearly two hours The Sunday Times was there yesterday.

'I've heard about the recalls, but the Wish has not given me any problems in all my time driving it,' said the 47-year-old, who works in the security industry.

She was there with her family to replace her three-year-old Toyota Wish with another multi-purpose vehicle. She was deciding between another Toyota Wish which is being advertised at $85,988 and a Honda Odyssey with a list price from $93,000.

Another undeterred shopper was Mr Darren Tan, who spent half an hour speaking with staff about the Corolla Altis, advertised for $65,488.

'Toyota is known for its reliability and what happened doesn't really affect me,' said Mr Tan, 30, who works in the hospitality industry and drives a three-year-old Kia.

Borneo Motors is dangling a $6,000 discount for the Corolla Altis, its bestseller.

The distributor said the accelerator problem plaguing Toyota cars overseas does not affect those in Asean, as these are fitted with accelerators from Japanese component maker Denso. The recalled cars have pedals made by American parts supplier CTS.

Although the Borneo Motors showroom was not packed yesterday, it mirrored the situation at Honda's across the road.

Sales staff said this is typical for the weekend before Chinese New Year. Most purchases are made about a month before the festive season, so buyers get their new cars before the holiday.

Used car dealers said they have not detected any noticeable drop in interest in Toyota cars in the past week. Mr Darren Ho said: 'Singaporeans still feel that Toyota is reliable.'

But some, like Mr Ian Chong, are worried. The 29-year-old, who works in the financial industry and drives a Lexus, part of Toyota's luxury range, said: 'There are certainly doubts and questions about Toyota's quality control now.'
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Re: Car

Postby millionairemind » Sun Feb 07, 2010 10:54 am

Musicwhiz wrote:I myself have no issues about Toyota, in terms of reputation. But I wonder if everyone feels the same? ;)

On a side note - wow a 30-year old looking for aS$60,000 Corolla Altis (and he has been driving a car for 3 years already); and a 29-year old driving a Lexus! I continue to get the feeling that Singaporeans are very rich! :shock:


haha.. its matter of "face" and "convenience".

Some 29yrs olds inherited a fortune from their parents. They never have to sweat it out in their whole life. I personally know a Taiwanese family who had a trust fund. They own hotels in Taiwan but have relocated to Singapore. All his 3 children are in Ivy League colleges in the US and their yearly allowance is USD70K/year. You read it right, its 70,000USD.

Although I can drive, I was never a big fan of driving in Singapore. Too much stress la. I like to simplify my life. The less things I own, the less things I need to worry about.

I did ask the Mrs. to go learn driving cos' I found out its tough driving long distances in the States with me being the only driver :P. I did promise her I will get her a car if she gets her driver's license but she refuses to go. So she takes a taxi to school every day... Simple folks la :D
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Re: Car

Postby Poles » Sun Feb 07, 2010 11:01 am

i like driving and i also appreciate good engineering in german cars....but in Singapore cars are not "value buys".
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Re: Car

Postby Musicwhiz » Sun Feb 07, 2010 11:38 am

Sometimes I wonder if such kids are more blessed than others who have to struggle for a living. Yes, maybe they learn more about life and how tough it is but in the end they may still end up struggling for their entire lives. Whereas the rich kids have it made all their lives - never a tough moment and money always falling into their laps.

I personally know some people around late 20's and early 30's who, instead of giving $ to their parents as an act of filiai piety, instead have their parents subsidizing part of their expenses (be it rental or housing loan or car). :shock:
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Re: Car

Postby millionairemind » Sun Feb 07, 2010 12:11 pm

Musicwhiz wrote:Sometimes I wonder if such kids are more blessed than others who have to struggle for a living. Yes, maybe they learn more about life and how tough it is but in the end they may still end up struggling for their entire lives. Whereas the rich kids have it made all their lives - never a tough moment and money always falling into their laps.

I personally know some people around late 20's and early 30's who, instead of giving $ to their parents as an act of filiai piety, instead have their parents subsidizing part of their expenses (be it rental or housing loan or car). :shock:


Your friends who got subsidized loans are quite common. A few of my cohort bot their first 700K condo back in 1999-2000, just 3 years after starting their working life when they are still paying for their car loans. The 20% downpayment was part of the "parental" gift toward their matrimonial home. Now they have mostly upgraded to the million dollar condo. The starting pay back then was only around 2.7K/month, so that is no way they could have saved 140k in just 3 yrs after working with a car loan when there was also an Asian currency crisis in that 3 yrs.

Their parents see it as "helping their kids" to get "one rung up the social ladder".

To each his own la...

I know I won't do it for my kid. If he can't afford it, he needs to figure out a way to get what he wants :D
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch

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Re: Car

Postby b0rderc0llie » Sun Feb 07, 2010 2:15 pm

Musicwhiz wrote:On a side note - wow a 30-year old looking for aS$60,000 Corolla Altis (and he has been driving a car for 3 years already); and a 29-year old driving a Lexus! I continue to get the feeling that Singaporeans are very rich! :shock:


The following is from a book review about a book which Millionairemind has read. I'm still looking for that book haha.

---
If you are thinking about buying this book, then you obviously would like to be a millionaire.

Do you actually like millionaires and respect what they have achieved, or do you resent them for what they have, or think rich people are bad?

If you resent them then you may have have a poor person's attitude to wealth, and think that by becoming wealthy you may turn into that very thing you despise, and accordingly sabotage yourself subconsciously.
---
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Re: Car

Postby Poles » Sun Feb 07, 2010 2:33 pm

i am just hoping for a brillant tranasport minister to come out with the perfect formulaee to control car population........for the price we are paying now....our road will be full of Audis, VWs , Bmws & GTRS.....that will be really cool........and i will be driving THIS>>>

Image

doing a SGP >>> China land tour......
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Re: Car

Postby helios » Sun Feb 07, 2010 2:45 pm

Yo Poland,

Is that a jeep? And why China tour??
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Re: Car

Postby Poles » Sun Feb 07, 2010 2:53 pm

thats a toyota land cruiser series 70.....u see tons of them across the causeway....
why china......because on the way mah....SGP>>ML>Thai>Lao>Veitnam>CHina.....

OT: personally I find this route to be a gold mine in the next 100 years......if infrastructure is well constructed and there is peace....there is almost everything u need....from palm oil, rubber,timber, gemstone rice
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Re: Car

Postby Poles » Sun Feb 07, 2010 3:06 pm

OT: sorry this a great journal....a road trip from SG to China done by an old ang mo couple....very inspiratiional

http://www.crazyguyonabike.com/doc/?o=R ... ontext=all
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