It's the second day of Chinese new year and I hope all of you had a wonderful time with your loved ones especially your family members. The past few days I've been hanging out with my family and relatives. Its a good time to catch up and every Chinese New Year, it always seems to be a family gathering event. My relatives seem to be getting richer every year. Recently, one of my uncles bought a new car paying $140k in cash. Its a higher end car but well they are rich enough to afford it. I also had the chance to ride in it. Most of my relatives have been paying full cash for their cars ever since many years ago. I am not very familiar with the interest rates of car loans in Singapore as i do not own a car but I did a rough check online ......