Financing
Loan limits, tenure, interest, and the difference between a low monthly and a cheap car.
The cheapest monthly is rarely the cheapest car
Two deals can land within ten dollars of each other on the monthly and still differ by six thousand in what you actually pay. Here is how that gap opens up, and what to ask before you sign.
Flat rate versus effective rate, why 2.48% is not really 2.48%
Car loans in Singapore are quoted as flat rates. Your home loan is not. The same headline number means something completely different in each case, and the gap is close to double.