Newbie buying cars!!!
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halow old birds there,Juz got my licence not long and considering a OPC car,as i read,low budget cars r picanto n getz,other den FC,any1 noes their resale value and monthly expenses on the car only?Coz i nd to do a financial planning b4 getting a car,i hav a bike and car is only for family/friends purpose,so dun use car much,hope the info given wil be usefull for all
Ya most probably getting auto transmission car
lao jiao pls share ur experience
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since u highlighted tt u onli need the car for family n friends n bike is ur primary transport, let me ask u this qn, how often u drive ur friends n family out? daily, mthly, weekly or once in a bluemoon? if not tt often, renting might be cheaper...Originally posted by SPguy:halow old birds there,Juz got my licence not long and considering a OPC car,as i read,low budget cars r picanto n getz,other den FC,any1 noes their resale value and monthly expenses on the car only?Coz i nd to do a financial planning b4 getting a car,i hav a bike and car is only for family/friends purpose,so dun use car much,hope the info given wil be usefull for all
Ya most probably getting auto transmission car
lao jiao pls share ur experience
also take into consideration tt u r a new license holder, insurance premium will be sky high, unless u reg under ur family members, eg dad's, mum's name... -
You should get your family to chip in if this is to be a family car. I read about the cost of OPC somewhere. It would be about 8k per year, with well-spread-out 10 years loan for a small car. That includes everything including estimated ERP usage and mis carpark expenses.
A guide for normal small/budget car would be about 11k-12k per year, depending on usage. -
Ya insurance thingy will be under parents name,11k-12k/year = 1k/mth...
thanx alot for the info -
muz it be our parents? wat if they don have a licence also can?
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cannot..if no license, get ur close relative..n make sure his driving record is relatively cleanOriginally posted by jasjas:muz it be our parents? wat if they don have a licence also can? -
Use your own lo! Since you are the owner of the car. Time to grow up and assume responsibility.Originally posted by jasjas:muz it be our parents? wat if they don have a licence also can? -
It's not about that... it's about saving money on the insurance... new drivers insurance is quite high compared to older people... the price a 21 yr old new driver pays is quite high compared to how much a 35 yr old driver will pay for insurance...Originally posted by wbucket:Use your own lo! Since you are the owner of the car. Time to grow up and assume responsibility. -
However if things complicates that the parents don't have driving licenses, my stand is to minimise the trouble you might cause others. So I would rather own the insurance too. Just an adult ego.Originally posted by LH83:It's not about that... it's about saving money on the insurance... new drivers insurance is quite high compared to older people... the price a 21 yr old new driver pays is quite high compared to how much a 35 yr old driver will pay for insurance... -
I also understand that... but if you get into an accident and the insurance is in your name, it will shoot up... and you'll have to pay more... you're a new driver and already paying so much, if the insurance shoots up, then you'll have trouble paying it too... I'm not saying you should ask anyone's license to use for insurance, just keep it within the family... and maybe close relatives at most..Originally posted by wbucket:However if things complicates that the parents don't have driving licenses, my stand is to minimise the trouble you might cause others. So I would rather own the insurance too. Just an adult ego. -
You got into the accident, you pay the price if you are at fault. The adult way. Or else should re-consider getting a car. Anyway, you choose do what you like, the others are just my thoughts.Originally posted by LH83:I also understand that... but if you get into an accident and the insurance is in your name, it will shoot up... and you'll have to pay more... you're a new driver and already paying so much, if the insurance shoots up, then you'll have trouble paying it too... I'm not saying you should ask anyone's license to use for insurance, just keep it within the family... and maybe close relatives at most.. -
My adult way is to just drive responsibly so I won't get into accidents in the first palce, saving money to pay lesser insurance is just a precaution... I probably won't get one till I have enough money anyway... around 3k per month...Originally posted by wbucket:You got into the accident, you pay the price if you are at fault. The adult way. Or else should re-consider getting a car. Anyway, you choose do what you like, the others are just my thoughts. -
may i know wads the price difference in insurance of a 1st time buyer and a person who has own a few cars but both got their license together?
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If the age of both are the same. The different will be quite significant if the latter doesn't claim any insurance on his pervious rides and still got back to his original insurance agent/company when getting his new car. Reason is because of the NCD, no claim discount. Should be any differences otherwise.Originally posted by slacky:may i know wads the price difference in insurance of a 1st time buyer and a person who has own a few cars but both got their license together? -
hi. does that mean even if a 30year old who has not driven since he got his license at 18, his first-time registration for insurance will be very low?
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That depends on how low is your low. I got my license and never drove for 4 years. My first car insurance (NTUC) is 1.2k at the age of 27. Low?Originally posted by luisse:hi. does that mean even if a 30year old who has not driven since he got his license at 18, his first-time registration for insurance will be very low?