I do not agree with your thoughts on reducing the car prices with 10 or 25 years time frame as it is way too long and may not happen at the end. It is because of this high car price that we are in this big loan with long repayment period predicament. Just because the current car owners which includes me that are the shorter end of the stick due to this policy then we should object is not logical, do remember that this is short term pain, long term gain policy. I can't comprehend that anyone would enjoy going into 7-9 year loan for 1st and 2nd car or more and this could happen if it is 10 to 25 years price reduction as you mention. If the reduction period is 5 years, after servicing the current loan then anyone will get to purchase a better car there after.

As for the 2nd hand car dealers, as you have said many will buy 2nd hand car to be their ride until the car they desire becomes affordable which means they can get rid of their current stock and plan accordingly. They will get trade-ins at lower price point too due to the car reduction and they can sell those. I do not agree there will be instant wipe off of value and they are business owners and will have to innovate to remain competitive or go bust.

You kept stressing that the grads/younger generation are the beneficiary of this car price reduction policy but do you think that when it is your turn to change car or to provide your children cars, you too, benefit on the lower price point?

Using the current car as a financial tool to buy a new car is because of the high car prices otherwise this should not happen if the car prices are affordable. If anyone would really need this kind of re-sale value to purchase the desired car then it is clearly that person cannot afford that car which he/she should re-think that decision.

The reason of after the NAP is in effect and require the PM to instruct the car sellers to reduce price is a clear indication that there are always buyers at all price points. Just this forum alone there are always ppl asking recommendation of cars and booking cars even though the government agreed to reduce the car prices. Even with the NAP in effect, do you feel that the car prices has gone down? If no, who do you think benefited from this?

You have given thoughts about drastic price decrease is not healthy for economy which as a consumer is always a boon but I do not see you giving thoughts that due to drastic price increase of the car prices back then have created the debts we have today. Perhaps you enjoy paying loans then that will explain your frustration.

I for 1 is going through a 7 year car loan and yes, my car will suffer a major devaluation if this car reduction comes into exercise but on the bright side, once i finish my loan, i will have more options which perhaps current 200k-300k price range will be within my affordability rather than waiting another 10 years for it! When my children is old enough to drive then i can buy a better and safer car than P1/P2 for them.

I do not think we're paying the price just for the younger generation, we're also doing it for ourselves too. Sorry for my wall of text.