What is best for my budget....
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hey everybody..
i am contemplating of buying a car....this would be my first time buying...
as i dun kinda fancy much bout car...my purpose is solely for work errands only...
i dun earn much so i kinda able to make aside for 300-400 for mnthly instalments.any suggestions of what is best for me....i am cash constraint at the moment and very much looking for the supposingly "0" driveaway...
Can someone enlightend me if the 0 driveaway is true? and with my budget what shud be best suits me....Many suggested hyundai accent(first hand) but i guess that comes with heavy downpayment right?
Many thanks in advance
Btw i met a dealer,tranced me into a $100 deposit...It was a 91(manual 1.6) nissan presea (with transfer/insurance ) all in sum up to 24500 and i will need to pay 404 for 6and half years....!is that worth buying ...COE till 2012 and road tax paid till 06/2005 -
don get a car
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Hi Onit,Originally posted by onit:hey everybody..
i am contemplating of buying a car....this would be my first time buying...
as i dun kinda fancy much bout car...my purpose is solely for work errands only...
i dun earn much so i kinda able to make aside for 300-400 for mnthly instalments.any suggestions of what is best for me....i am cash constraint at the moment and very much looking for the supposingly "0" driveaway...
Can someone enlightend me if the 0 driveaway is true? and with my budget what shud be best suits me....Many suggested hyundai accent(first hand) but i guess that comes with heavy downpayment right?
Many thanks in advance
Btw i met a dealer,tranced me into a $100 deposit...It was a 91(manual 1.6) nissan presea (with transfer/insurance ) all in sum up to 24500 and i will need to pay 404 for 6and half years....!is that worth buying ...COE till 2012 and road tax paid till 06/2005
Looking at your 300-400 budget for mthly, you will not be able to afford a car. For a new car, usually a person need to fork out about $600 for monthly payment for 7 year.
For the dealer that offer you the nissan presea ! Forgot it, you are paying 404 for a old car , but you be paying a lot more for petrol . The worst, it is a almost 8 yr car, the maintenance cost will be super high with expensive parts needed to be change. That a total crap deal that will kill you.
Would advice you to be save up for a few more years, before you get a new car. -
hey wolf...
thanks for the reply....reallly appreciate it...so i guess if i were to called off the presea deal.that 100 gotta get burned...stupid me...
naywae...if the budget gets to 500 and i need a 0 driveway....whether first hand or second hand...u guys think will be possible for me to get....sorry for the many queries...
purpose is direct...my fares thru train to my workplace....TEKONG gets me poorer by 223 a mth....so tot must why invest in a car.... -
Hey the advice is clear and right, DONT BUY A CAR. U defintely cant afford it. Yes true the monthly can be just 500+ for a new car, but do u know it will cost abt 1.1-1.2 k per mth to maintain a car, including those car park, insurance and road tax, not adding the maintenance charges. And if you think u can just dispose it when u cant afford, think again coz nobody will want to buy a used car given the low price now. Unless your pay is 3k and above, dont commit suicide. Take your train or bus and though is 200+ for that, there is no other maintenace or extras. Trust me, your pay wont be enuf, get this idea off your head!!!
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just for pt A to pt B go get a 2nd hand car will do like those left 1 years on the road. a 9 years old or a 19 years old car. anything that goes below 4.5k per years for those is ok. one time payment, no installment just car park and fuel.
things to look out for are simple, engine ok, gear ok, supension ok and you can change car every year. 4get maintainance, just check your engine oil, coolen that it, it will let you get through 1 year.
ppl might say where to find such good conditions car??? worry not, singaporean take cares of thier car very well.
But car like this oni 1 year to go are hard to find today
still can find, up to your luck.Originally posted by onit:hey everybody..
i am contemplating of buying a car....this would be my first time buying...
as i dun kinda fancy much bout car...my purpose is solely for work errands only...
i dun earn much so i kinda able to make aside for 300-400 for mnthly instalments.any suggestions of what is best for me....i am cash constraint at the moment and very much looking for the supposingly "0" driveaway...
Can someone enlightend me if the 0 driveaway is true? and with my budget what shud be best suits me....Many suggested hyundai accent(first hand) but i guess that comes with heavy downpayment right?
Many thanks in advance
Btw i met a dealer,tranced me into a $100 deposit...It was a 91(manual 1.6) nissan presea (with transfer/insurance ) all in sum up to 24500 and i will need to pay 404 for 6and half years....!is that worth buying ...COE till 2012 and road tax paid till 06/2005 -
he is right. you HAVE to look beyond monthly installment. Monthly installment only constitutes about half the expenditure on a normal 1.5-1.6 car.Originally posted by hengrix:Hey the advice is clear and right, DONT BUY A CAR. U defintely cant afford it. Yes true the monthly can be just 500+ for a new car, but do u know it will cost abt 1.1-1.2 k per mth to maintain a car, including those car park, insurance and road tax, not adding the maintenance charges. And if you think u can just dispose it when u cant afford, think again coz nobody will want to buy a used car given the low price now. Unless your pay is 3k and above, dont commit suicide. Take your train or bus and though is 200+ for that, there is no other maintenace or extras. Trust me, your pay wont be enuf, get this idea off your head!!!
FYI, even a van would cost you about $700 for expenses. Not to mention a car. Ride a bike or take public transport lah. Dun be seduced by low installment.
And NEVER buy COE car! -
well onit, i paid for my car in full, now the cost is only operating cost. fuel+parking+once a yr road tax+ once a yr insurance+servicing. Sure can kill you know, even though i don't have instalment to pay. your transport cost of 223 mthly is quite ok what, imagine you have to pay much more to convert to car. my operating cost is 400pm, taking insurance n road tax divide by 12 plus the monthly parking n petrol. so think twice b4 u commit...Originally posted by onit:hey wolf...
thanks for the reply....reallly appreciate it...so i guess if i were to called off the presea deal.that 100 gotta get burned...stupid me...
naywae...if the budget gets to 500 and i need a 0 driveway....whether first hand or second hand...u guys think will be possible for me to get....sorry for the many queries...
purpose is direct...my fares thru train to my workplace....TEKONG gets me poorer by 223 a mth....so tot must why invest in a car....
cheers -
Onit, just wait for a few more years, that what most of us did.Originally posted by onit:hey wolf...
thanks for the reply....reallly appreciate it...so i guess if i were to called off the presea deal.that 100 gotta get burned...stupid me...
naywae...if the budget gets to 500 and i need a 0 driveway....whether first hand or second hand...u guys think will be possible for me to get....sorry for the many queries...
purpose is direct...my fares thru train to my workplace....TEKONG gets me poorer by 223 a mth....so tot must why invest in a car....
Frankly it get to about $800 to $1000 to be honest as you can work out below
1) Car loan
2) Road tax
3) Petrol
4) Maintenance
5) Parking at HDB , at office and going out
6) Insurance
Must do very careful calculation, as once you default on payment, they can tow away your car and you still have to carry on pay and paying for it even though you no longer have your car .
Once you save enough, also check with friends or on internet first on what to buy, and the market situation, whether 2nd car - what model, condition can buy or not, I am sure the folks here can advice you if it is a good grab or not. -
I thought onit says he will set aside 300 / 500 for instalment, so probably he would have taken the other costs into account. It will be quite safe to add another $600-$800 on top of your monthly instalment to calculate how much you will be paying for a month. Older car, you might need to add more for the higher fc and maintenance.Originally posted by hengrix:Hey the advice is clear and right, DONT BUY A CAR. U defintely cant afford it. Yes true the monthly can be just 500+ for a new car, but do u know it will cost abt 1.1-1.2 k per mth to maintain a car, including those car park, insurance and road tax, not adding the maintenance charges. And if you think u can just dispose it when u cant afford, think again coz nobody will want to buy a used car given the low price now. Unless your pay is 3k and above, dont commit suicide. Take your train or bus and though is 200+ for that, there is no other maintenace or extras. Trust me, your pay wont be enuf, get this idea off your head!!!
As for $500 a month instalment, you can check out cars with that cost around $50k and see if they give you 10 year loan with 0 downpayment or not. As for COE car, it really depends very much on your luck, If you really have to get a COE car, get a qualified and experience mechanic to check for potential problems.
But like other say, unless you cannot live without driving a car ( like for work, other commitment) then try to live without a car, you will be able to enjoy life more.
Well, onit, the decision is up to you. Just my opinions
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How abt a OPC car like Kia Rio or Picanto?
Will the budget be sufficient if assuming I use the car on weekends only?
Comments pls.. -
Please look at my calculation at the other thread "Need advice from car owners" I did some calculation on kia picanto OPC..just my view only though..hope can help u.Originally posted by zenixth:How abt a OPC car like Kia Rio or Picanto?
Will the budget be sufficient if assuming I use the car on weekends only?
Comments pls.. -
too low budget... at least must set aside 500-600 bucks min....
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best for your budget is to call a cab whenever you go out....that should fit the bill, and yet satisfy your mobility call....
my $0.02 worth...
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if u cant set $1000-$1200 for the car expenses pls cont. taking public transport
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maybe a breakdown of expenses can be shown.... for my case is like this
Installements - $547
Fuel - $300
Road Tax ( 6 mths ) - $757
Insurance - $1800 PA
Parking - $60
Other Misc - $50
Not to mention have to do minor mods at an extra cost of $2K after i got my ride....
Mthly fee is - $1233 just to keep the car running -
ya... having a car is as simple as installment n petrol onli... servicing?? maintainance? parking fee? erp? the ocassional parking fine?? alot alot to consider... even 3k salary per mth oso muz tink.. i haf known ppl earning ard 5k a mth still sticking to public transport.... afterall a car is a losing investment......
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ya... having a car is not as simple as installment n petrol onli... servicing?? maintainance? parking fee? erp? the ocassional parking fine?? alot alot to consider... even 3k salary per mth oso muz tink.. i haf known ppl earning ard 5k a mth still sticking to public transport.... afterall a car is a losing investment......
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Greetings :
Hi Onit,
Look at thoes advises that was given to you & u hav done ur 'homework' which is ur "personal finances". Ask yourself, Do u really need a car ? Do u really can afford the maintenance after getting one ? Strange eh, thoes earning 5K per month still take public transport !!! Well, if you can't buy, then with thoes $300-$400 per month you have, why don u join car sharing ?
Just join for the first year lah and you'll see, how much u need the car ?
www.carcoop.com.sg - Pay as u use system
regards,
MD Hisham -
Car sharing is more expensive if you rent often. I'm on cityspeed car sharing scheme.Originally posted by mdhisham:Greetings :
Hi Onit,
Look at thoes advises that was given to you & u hav done ur 'homework' which is ur "personal finances". Ask yourself, Do u really need a car ? Do u really can afford the maintenance after getting one ? Strange eh, thoes earning 5K per month still take public transport !!! Well, if you can't buy, then with thoes $300-$400 per month you have, why don u join car sharing ?
Just join for the first year lah and you'll see, how much u need the car ?
www.carcoop.com.sg - Pay as u use system
regards,
MD Hisham
I would drive only on weekends. So if I rent a car for the weekends, using the CitySpeed weekend package (Fri 7pm till Mon 8am), a Category B car, i would need to pay S$175.90. But the free mileage is only 100km, which is very insufficient.
If I were to buy a OPC Kia Rio for instance, the monthly installment is ard this amount or lesser. -
Hi Zenixth :
You still need 'budget' ma if u want to drive rite ? Ofcourse weekdays are more
cheaper then weekend. Well, to me as long as there is car to rent & to keep your personal experience on the road thats good enough already...Hehe 'budget' also not to be forgotten lah
cheers,
MD Hisham -
Heed the advice of so many here... don't.Originally posted by onit:hey wolf...
thanks for the reply....reallly appreciate it...so i guess if i were to called off the presea deal.that 100 gotta get burned...stupid me...
naywae...if the budget gets to 500 and i need a 0 driveway....whether first hand or second hand...u guys think will be possible for me to get....sorry for the many queries...
purpose is direct...my fares thru train to my workplace....TEKONG gets me poorer by 223 a mth....so tot must why invest in a car....
Save up and wait for your income to increase some first. I'm sure you'll be able to comfortably afford one soon. -
Wait for a big sweep / 4D in the first prize, i will buy any car(within the prize money) in cash..
U will be a king/Queenat the car showroom liao...
Siok man...
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I tend to agree with zenixth.Originally posted by zenixth:Car sharing is more expensive if you rent often. I'm on cityspeed car sharing scheme.
I would drive only on weekends. So if I rent a car for the weekends, using the CitySpeed weekend package (Fri 7pm till Mon 8am), a Category B car, i would need to pay S$175.90. But the free mileage is only 100km, which is very insufficient.
If I were to buy a OPC Kia Rio for instance, the monthly installment is ard this amount or lesser.
Car sharing (and rental) is more of a if you need a car occasionally. On a weekly basic, it might be rather expensive.
Citing the above scenario, a cat B car of cityspeed is one that is 1.5 auto, cars like lancer 1.5, vios 1.5, sunny 1.5, etc. If you are willing to look for a budget rental (we have one here, in fact, in this forum...), you pay ard $130 for 2 days rental, plus the most impt part, you get the unlimited km. Petrol around $25 for say around 200km (based on a 13-14km/l), you pay only $155, which is still much cheaper than car sharing.
Note that car sharing charges $0.40 per km, and it is very likely that you would exceed, so you end up paying extra, a lot extra if you travel a lot. As a comparison if you base the calculation using 200km for $25, you get $0.125 per km. Almost 4 times of petrol cost. That's how they earn.
Conclusion, car sharing is much more expensive than car rental, but it does offer you flexibility of taking and returning the car be it the location or time factor.
So...you are paying around $200 for car sharing, which means $800 a month, for rental about $650 a month, just to have access of a car for 2 days a week
which don't you think you would be better off owning a opc???
At least for opc, you still have the flexibility to choose when you want to drive the car and you can be sure that nobody is fighting to use the car from you. You can also use the car, if there is a need to, on weekdays.
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Thanks for your comments.Originally posted by free4ever:I tend to agree with zenixth.
Car sharing (and rental) is more of a if you need a car occasionally. On a weekly basic, it might be rather expensive.
Citing the above scenario, a cat B car of cityspeed is one that is 1.5 auto, cars like lancer 1.5, vios 1.5, sunny 1.5, etc. If you are willing to look for a budget rental (we have one here, in fact, in this forum...), you pay ard $130 for 2 days rental, plus the most impt part, you get the unlimited km. Petrol around $25 for say around 200km (based on a 13-14km/l), you pay only $155, which is still much cheaper than car sharing.
Note that car sharing charges $0.40 per km, and it is very likely that you would exceed, so you end up paying extra, a lot extra if you travel a lot. As a comparison if you base the calculation using 200km for $25, you get $0.125 per km. Almost 4 times of petrol cost. That's how they earn.
Conclusion, car sharing is much more expensive than car rental, but it does offer you flexibility of taking and returning the car be it the location or time factor.
So...you are paying around $200 for car sharing, which means $800 a month, for rental about $650 a month, just to have access of a car for 2 days a week
which don't you think you would be better off owning a opc???
At least for opc, you still have the flexibility to choose when you want to drive the car and you can be sure that nobody is fighting to use the car from you. You can also use the car, if there is a need to, on weekdays.
CitySpeed car sharing is indeed expensive. That's why I keep restricting myself not to rent so much. The free mileage is definitely not enough. And if you rent during the weekends (Fri 7pm till Mon 8am), it would be very expensive as the free mileage is only 100km!!!
I do agree that car sharing is convenient. For car rental, I need to take a bus down to town and get the car, and the same when returning the car.
Free4ever, you mentioned there is budget rental, can PM me? Thanks.