Originally posted by Wheels on Fire:
A lot of people jump in to buy new cars due to the historical low price only to find themselves stuck with the car for very long period of time bcos of the less than generous PARF value. (rem re-sale value of cars is little worthmore than PARF)
Yr choice depends on how long u intent to keep yr car. If u r like most s'porean who change car abt 3 to 5 yrs time then a used car would be yr better bet. Cos car bought b4 May 02 has much higher paper value and tat would protect the value of yr car when u wanted to change car again 3 yrs down the road. Beside 2nd-hand car dealer r so desperate nowadays to get rid of their stock tat u will be surprise to find some good bargain. Yr budget will get u a V6 cefiro with changes to spare (in thousands)
However if u intend to keep yr car till 10 or at least close to tat, then new car would be yr choice bcos of the lower price. Plus nothing beats the smell of new-car.

I agree with Wheels on Fire on how long you intend to keep your car. Also, there are not many cases where people really WANT to drive their car for 10 years....They are either stuck with it or still not changing due to some reason not within their control. So you might want to make this an important point to consider.
Of course, 2nd hand cars, like others say has high fc and maintanance, which is true...but isn't this what you are suppose to go through if you keep the car for 10 years?

My point is that don't be tempted by the low price and get a new car only to find yourself trapped by not able to sell the car if you want to...
