Advise needed... (to buy new/2nd hand car?)
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I am still thinking if I should get a new car or a 2nd hand one?
I dun intend to change the car in 5 yrs time at least. And I hope to achieve monthly installment of less than $500.. maybe ard $450?
Any good advise here? -
get a used car, maybe around 3 or 4 years old. than u will not suffer the value dropping of a new car's first year and second year. And if u are looking at below 1500cc cars, i guess u will be able to find 1 within ur installment range easily.
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Oh great! See har, I'm female, totally clueless on such info... so u think I'll be able to get a used Honda City (the newer model-idsl) with tht price range?
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Harrow..
For a used Honda City.. the monthly are around $600+ and i guess you had to look for COE car with that budget. -
oh, what do you mean by COE cars with tht budget? lower COE so tht the installment will be cheaper? ???
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Actually COE cars mean more then 10 years... Correct if i'm wrong.
Normally u can find them in the newspaper classified section. But remember to calcuate the hidden cost that are required like changing of parts... Wear and tear... So do ur math... My dad calcuated COE cars to be more expensive but he still getting one. Because he noes how to repair and he onli use the car to pick and go... My one cents... Ask urself what u want in this car before commiting into one... -
Wahh... cheem!!Originally posted by imax84:Actually COE cars mean more then 10 years... Correct if i'm wrong.
Normally u can find them in the newspaper classified section. But remember to calcuate the hidden cost that are required like changing of parts... Wear and tear... So do ur math... My dad calcuated COE cars to be more expensive but he still getting one. Because he noes how to repair and he onli use the car to pick and go... My one cents... Ask urself what u want in this car before commiting into one...
Okie, I'm travel quite a fair bit, so car must have good FC... must be presentable... no LKK types. Any recommendations?
Most probably taking 10yr loan... maybe 10K downpayment?
Which also brought me to the next qns, is it recommended to pay any downpayment? Thanks! -
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Harrow...
COE car are those used car which have renewed their COE after more than 10 yrs. The condition for this type of car are not as good and required a lot more of maintainence and FC are also higher but the price are normally range from $10K-40K. But i dun recommend you to get this type of car.
WIth budget of less than 500+ monthly, for new car, you can look for Kia Picato which are 400+ per month or Hyundai Getz around 500+or Kelisa.
If you can afford higher monthly about 500+, you might like to go for new Toyota Vios which have good FC but downpayment are at least 10% for BM.
It will be better to put down payment rather than 100% loan for the sake of interest incurred. -
buy a bicycle la...buy car for wat.....save that $$$ for later la.....you are just gonna tie yourself down with a thing that depreciates every god damn year.
If you said you can only afford S$500 a month in repayments, I seriously think you should save that amt of $$ or invest in some trusts or shares.
Cheers -
I think sometime one have no much choice but to buy a car because work required,especially if you are in the sale line.Just like myself..
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can take taxi right? will it not be cheaper than owing a car and be in debt for the next 10 years?Originally posted by joemit7850:I think sometime one have no much choice but to buy a car because work required,especially if you are in the sale line.Just like myself..
it wil be best if company give u car and petrol allowance... -
depend on what type of sales job.. if you talking about those which daily require travel to different area like from north to south and a few different location and carry a lot of sample and etc... or if your job require to pick some client for entertainment/dinner etc.. (if the client w/o car and require u to sent him back) taking a cab are not an ideal
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u mouth surely stinks ar?the thread starter is juz asking helpful opinion and remember she din use ur money to pay for her car so dun tok like that...Originally posted by VW King:buy a bicycle la...buy car for wat.....save that $$$ for later la.....you are just gonna tie yourself down with a thing that depreciates every god damn year.
If you said you can only afford S$500 a month in repayments, I seriously think you should save that amt of $$ or invest in some trusts or shares.
Cheers -
Hi,
Lets hope the COE will dropped after tomorrow (so that car price will drop) but here's my recommendation for now. If you can drive a manual car and intends to get one, good for you cos 1st of all you'll save a few thousands already.
Anyway, lets presume you are looking at a auto car, that is big, presentable, and cheap, my recommendation will be the Kia Cerato. Presentable, and cheap, and most definitely, within your budget. Of cos, the only set back is that the FC will not be as good as Vios and City, but its definitely bigger. If you travel a lot, you might want to consider the Vios, which is smaller, with better FC but more expensive.
So, the bottom line is, nothing in this world is perfect, heh..... so you definitely have to give and take in some segment.
Okie, lets based on a 10,000 downpayment, inclusive of insurance. So lets presume your insurance is 2k, so technically you only downpay 8k. The kia cerato HATCHBACK (which is slight cheaper and i personally find it nicer, heh....) cost 56499 now. So with a 8k downpayment, your total loan is 48499.
Yes, one thing to take note is that its not advisable for 100% loan, and worst still, 10 yrs loan is not advisable as well but if you got NO choice, then you go for 10 yrs loan. The reason being that the longer period you stretch, you'll get a higher interest to repay, and the earlier you sell your car, the more money you will lose cos of higher outstanding interesr. Hope this is clear.
So with a 2.7% loan for 10 yrs, your interest will be $13094.73 in all plus your loan, which mean you got to repay 61593.73 in 10 yrs. So in a yr, you got to pay 6159.37 and a monthly of SGD513.28. This is just the loan itself. New car comes with 1st half a yr free road tax. So other things to take into consideration is the maintenance, parking and other costs like petol etc..........
I do not look down on Korea car really but if its okie, go for a jap brand...... but then, with your stringent budget, believe the Korea car will work for you best. Another smaller sedan to consider is the Hyundai Accent or Kia Rio. Both consider small sedan, and as they are new, wun be LKK.
Will work out another details for you based on the same as above, just that the price of a 1.5l Auto Rio is 49999. You will get a monthly of SGD444.49 with a 8000 downpayment only (w/o insurance) and a 10 yr loan, and a SGD483.38 with a 9 years loan. This might solve your problem on the surface. Like I say, it will be good if you work out other hidden cost. At this moment, believe no japanese car that is able to meet your budget at the moment.
http://www.sgcarmart.com/main/info-SDX3890D-1019.html
This link shows another car. Its a japanese built Suzuki Ignis 1.3A. Lets presume you bought this car at 44800. Your down pay of 10k (minus away insurance plus transfer fees for 2nd hand car, est ard 3k), is only 7k. The car is left with 8 yrs. So...... 44800-7000 will gives you a loan of 37800. Base on 2.7% for 8 yrs loan, will gives you a mnthly of SGD478.8. Its also well within your budget. Hope this helps as well. I can give you a clue is that when buying 2nd hand car, normally you will still be able to get 1-2k off the list price easily if you bargain with them. So if you really consider them, pls do bargain!!!
Okie, that's all for now, and like i say, hope you understand what I'm trying to say and that my advise helps in one way or another. Do let us know if you have more questions for us.
Happy motoring. Cheers~! -
Okie, no reply since my post last night.
Anyway, I was kinda right..... the COE dropped, so now its a good time to go for a new car! My example last night will not be correct liao, but then its only slightly cheaper per mnth. Check out the car website for latest price tomorrow. They will not update today, most of them.
Don't wait liao, as i believe the COE will rised again....... like i always say, this is my personal view, so i shall not be liable if it goes down further, heh heh.........go for it now harrow!!!! -
Hi!
Thanks for all the replies man!!
Hmm, I still need time for my research before I can commit. My boss also wants me to show him some findlings before he's giving me that miserable $700 allowances...
And he may not cover full for my car insurance (bcos I'm only 22, and just gt my license, its too ex...) and road tax... so I may have to fork out extra money on tht... sux huh?
still as confused and undecided... Haiz... -
Oh, u wait long long lor... these days, company dun give u car to drive liao..Originally posted by pqr:can take taxi right? will it not be cheaper than owing a car and be in debt for the next 10 years?
it wil be best if company give u car and petrol allowance...
give u their kah, kick u out, maybe still have!! -
[quote]Originally posted by pqr:
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*double post -
Its both!! taking cabs its damn troublesome!! esp during peak hr and raining days like today!!Originally posted by joemit7850:depend on what type of sales job.. if you talking about those which daily require travel to different area like from north to south and a few different location and carry a lot of sample and etc... or if your job require to pick some client for entertainment/dinner etc.. (if the client w/o car and require u to sent him back) taking a cab are not an ideal
Oh, u in the sales line too? Hw much does the company gives for your trspt? I can do a little research and show the boss. Hahaa!! -
thank you, thank you! I paiseh to tell him tht and u have just done so for me.. haha!!Originally posted by ak0:u mouth surely stinks ar?the thread starter is juz asking helpful opinion and remember she din use ur money to pay for her car so dun tok like that... -
Hi Harrow..
I am in the sales line too.. in the past my office give me a car to drive
(including drive back home)and allow me to claim all the petrol/car park etc...
but after few years i change to those minivan that look like car due to the scrap of car.
But i had already left the company and.
for your info, you are quite lucky to get $700/- for car allowance. I went for an interview recently and they only offer $500/- for car allowance... (including installment/petrol/car park)etc... but i had reject them as this amount are too low to maintain or substain a car. -
Well, frankly speaking I'm in sales line too, and your package of 700 dollars is market price. I got 665 dollars excluding the season parking (which is also paid for by my company), so add up its somewhere ard there.Originally posted by harrow:Hi!
Thanks for all the replies man!!
Hmm, I still need time for my research before I can commit. My boss also wants me to show him some findlings before he's giving me that miserable $700 allowances...
And he may not cover full for my car insurance (bcos I'm only 22, and just gt my license, its too ex...) and road tax... so I may have to fork out extra money on tht... sux huh?
still as confused and undecided... Haiz...
Okie, 22 and just got your license. My advise is not to get a car under your name, as it will be very very expensive. The insurance is easily 2.5k to 3k, depending on what car you buy, not inclusive of road tax. So........ its best if you can drive your dad's car or get it under your dad's name etc. Really no choice. Typically, most company will not paid for your car insurance, just like mine. But i do know of a few company who does actually for their engineers. So if he is covering part of your car insurance, guess its better than nothing. -
Hmm... but in my industry, my competitors getting between $900 to $1100 leh!! And those that gets $600-700, all their parking and petrol are claimable...Originally posted by joemit7850:Hi Harrow..
I am in the sales line too.. in the past my office give me a car to drive
(including drive back home)and allow me to claim all the petrol/car park etc...
but after few years i change to those minivan that look like car due to the scrap of car.
But i had already left the company and.
for your info, you are quite lucky to get $700/- for car allowance. I went for an interview recently and they only offer $500/- for car allowance... (including installment/petrol/car park)etc... but i had reject them as this amount are too low to maintain or substain a car.
Maybe I should try and count my blessings....
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My Dad has no car no license, so no choice.. have to start somewhere...Originally posted by Ah Wei:Well, frankly speaking I'm in sales line too, and your package of 700 dollars is market price. I got 665 dollars excluding the season parking (which is also paid for by my company), so add up its somewhere ard there.
Okie, 22 and just got your license. My advise is not to get a car under your name, as it will be very very expensive. The insurance is easily 2.5k to 3k, depending on what car you buy, not inclusive of road tax. So........ its best if you can drive your dad's car or get it under your dad's name etc. Really no choice. Typically, most company will not paid for your car insurance, just like mine. But i do know of a few company who does actually for their engineers. So if he is covering part of your car insurance, guess its better than nothing.
Boss covers ALL for the rest of my colleague... but not for me.... why dun he thinks that since I am still young, I need him to be my "fairy godfather" and help by paying all of my car insurance and road tax? Anyway, me being mobile is also for the company right? Then I can "ferry" the suppliers to and fro when they are in sg, during my sales call, save time on waiting for taxis, thus increasing my efficiency, in turns more profits for the company... then no need spend extra company expenses when calling cab... Can have more catalogues with me, can put in car boot, can show bring samples to show customers... I only have 2 hands, hw to carry everything to see customer?
If he insists on capping at $2K, then maybe I will heed his advise and wait for another yr or so.. or I should pay more for the convenience and go ahead to buy a car... What do you guys think?