JFY Motors

18/04/2024

In 2024, a $11,000 per month salary really isn't enough even for a single male living in Singapore.

Cost Per Month

CPF contribution: $2,516.00
Rental (Studio Apartment): $1,800.00
Food: $500.00
Mobile Data: $30
Exercise & Recreation: $300
Insurance (ISP): $150
Porsche 911 Carrera S: $5,050
Fuel: $200

You are just left with $454 to save. Sigh.

06/03/2024

At JFY Motors, we recognise that painfully long process when applying for financing. That's why we're here to simplify the process and make your life easier. Get in touch today.

30/01/2024

There will be a 2.5% increase in COE quota for Category B for the next 3 months. It is unlikely that it will drop below $100,000 but there is no better chance than the next 3 months. If you are wondering when is the best time to buy a car... it was 15 years ago in Jan 2009, when COE for Category B was $200 😂

LTA will bring forward guaranteed deregistrations of motorcycle COEs to boost supply. Read more at straitstimes.com.

20/01/2024

This might just be your very last chance to get your car at a "discount"! We received many PMs asking us what is our price and our answer is would it matter if you're saving a few hundred on the difference in car prices between dealers while paying extra tens of thousands on a piece of paper? We did not even factor in the time wasted by aspiring PHV drivers waiting to get the "best" price when they could have started getting jobs and earning income 😰

With the increase, COE premiums look set to slip. Read more at straitstimes.com.

18/01/2024

Congratulations to those who managed to secure your car at a discount! Our loss, your gain 😪 Those who are familiar with the COE system would know that an increase in COE prices is a nightmare for dealers like us. But it is more of a problem for aspiring car owners because volatile prices mean it will be harder to get a loan. For those who are wondering if you still qualify for full loan, we urge you to get in contact with our sales representative as to how we can assist you.

JFY Motors SG is one of the leading auto loan specialists in Singapore due to our strong network of financing institutions, WhatsApp us at wa.me/88269411 to find out how we can help you fulfill your car ownership dream today!

SINGAPORE: Certificate of Entitlement (COE) premiums rebounded across the board on Wednesday (Jan 17) in the second bidding exercise of the year. For Category A cars, or those 1,600cc and below with horsepower not exceeding 130bhp, premiums closed at S$81,589 (US$60,690), up 25.5 per cent from

16/01/2024

“Singaporeans still think that the best support comes from the family,” Prof Feng said. “Even though they have no friends, they think that as long as they have children taking care of them, they are happy.

People always assume that being a PHV driver isn't a proper job since there is no CPF (which is slated to change in the middle of this year 2024!). Little did they know that being a PHV driver allows one to spend more time with family and to be able to attend to elderly parents in times of crisis. When we die, we can't bring material possessions with us but we will always be remembered by the ones who matter because we were there for them in their time of need.

16/01/2024

It is approaching CNY season and what do we all do during CNY? Of course, we try our luck! We would like to offer you a chance to test with us. If you think that you are blessed by the God of Fortune and would be able to get a car at prevailing COE prices, arrange an appointment with our sales representative today! May the odds be ever in your favor. Heng Ong Huat!

wa.me/88269411

The premium for smaller cars drops to $65,010, while that for bigger cars finishes at $85,010. Read more at straitstimes.com.

08/01/2024

Uncensored real opinions for you to make your own judgements

If I lease it from rental companies (like Grab), I can use the car to provide private hire (Grab) during free time. Will it be more worth to go with leasing?

08/01/2024

Renting vs. Buying: using Nissan Serena as an example for Private Hire Drivers in Singapore

Are you a private hire driver weighing the options between renting and owning your vehicle? Let's break it down:

🔍 Cost Comparison:
- Renting: $110/day
- Buying: $45/day

💵 Financial Freedom:
- Renting: Free maintenance, no road tax or insurance premiums.
- Buying: Lower daily costs and no mileage restrictions.

🔧 Maintenance:
- Renting: Free maintenance, but frequent complaints about the need for repairs.
- Buying: Maintenance costs, but you have control over the quality and frequency of repairs.

⛓ Mileage Freedom:
- Renting: Earnings capped by mileage stipulations.
- Buying: No mileage restrictions, drive for leisure without sacrificing work mileage.

🤝🏻 Customer Care:
- Renting: Less emotional attachment, customers' carelessness may not bother you.
- Buying: Emotional attachment, more care towards vehicle maintenance.

In conclusion, while renting offers initial ease and flexibility, buying your own gives you long-term financial benefits, control over maintenance, and the freedom to drive without limitations. Make the choice that best suits your goals and aspirations as a private hire driver!

05/12/2023

Do you think $12,000 a week is actually possible for most of us? 🤨 Probably $2,000 - $3,000 a week will be more realistic.

The average of 100,000km+ annual mileage of a PHV driver is more than 5x that of a typical everyday Singaporean driver. However, it is undeniable that regular maintenance and tyre replacement is necessary as you cannot afford to risk your vehicle breaking down.

JFY Motors specialises in PHV and we can advise you on the best combinations that are both fuel-efficient and economical. Let us take care of the frivolous stuff so that you can focus on the things that matter 😍

Credit: SG Road Vigilante