05/10/2026
A viewer ask me what I think about this โzero dollar down paymentโ BYD? But, this isn't something new. Zero-dollar down payment schemes have been around for quite some time.
But the way it's packaged can make owning a car feel much easier. No big upfront payment, just look at the monthly figure and suddenly the car feels more affordable.
But before you sign anything, I think you really need to sit down and do the full calculation.
How much are you actually paying over the entire loan period? How much interest are you paying? And after adding everything up, is the car still within your budget?
For some people, it might be perfectly okay.
There are people who don't really want to own a car outright. They see it more like a long-term lease. Pay more, drive the car, and when the time comes, change to a newer model.
Every few years there's a new model anyway. They don't want to worry about depreciation, road tax, maintenance and all these things. For them, paying more for that convenience might make sense.
And that's okay. Everybody has different priorities and different reasons for wanting a particular car. Maybe it's a car they've always wanted. Maybe it's a milestone they want to achieve.
Singapore is a meritocratic society. If you work hard, earn your money and you want to spend it on a car you really like, that's your choice. But whatever decision you make, I think the important thing is to go into it with your eyes open. Don't just look at the monthly instalment and think, โWah, I can afford this.โ
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