Video: Loan-to-value ratio on vehicles increased to 90%

Praba Friday, 02 October 2015 06:22 PM

adhoc, visionless, government, this.

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Sapu Friday, 02 October 2015 06:41 PM

We should increase taxes on vehicle imports and improve public transport

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Sapu Friday, 02 October 2015 06:42 PM

We should reduce the loan-to-value ration again, people get loans and buy vehicles and end up unable to payback

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Observer Saturday, 03 October 2015 08:24 AM

The government is making a mistake by increasing the limit from 70% to 90%. This is not a case of individual freedom. If anybody has money or can take a bank loan they have the freedom to buy any vehicle they want. But on the leasing side many people who are not in a position to afford are tempted to buy a vehicle on finance expecting to pay back from its earnings. When they fail to pay back their vehicle is ceased and they their loss is only 10%. This is the reason for so many three wheelers are on the road making it a nightmare for other drivers. Most of these three wheelers are parked at parking slots near shops, super markets most of the time inconveniencing the other shoppers. At the end of the day they get involved in nefarious activities to find money to pay the finance company,Government should re-think of the 90% again taking into account the clogging on the roads, the foreign exchange drain better discipline on roads.

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ashen Saturday, 03 October 2015 04:30 PM

people must have a freedom to buy any vehicle they like. government should not restrict that.

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