MAS had introduced new car loan curb to raise financial awareness of aspiring car owners.
The new car loan curbs will allow aspiring car owners to weigh the pros & cons of buying and having a car.
Although COE had limit the amount of cars on the roads but it had lost it's effectivness due to current credit market,loans could be easily obtained at a low interest rate which fuel the demand for cars.The result is ever increasing COE price which show no sign of receding demand for car ownership.
From individual point of view,car ownership have become a luxury that only the cash rich or well to do people could possess it.
However from national interest point of view,it will benefit the country in the long run in terms of productivity.
The number of cars on the road will determine how congested the roads will be during peak hours and which ......