Upgrade from Matrix to Tucson
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Hi there,
Bored with my Hyundai Matrix Auto (6 months).
Intend to upgrade to Tucson.As i'm using OPC,monthly payment is around $400.How much more top-ups must I pay if i refinance through my Hyundai agent for the next 10yrs.Don't advise me on keeping this car.I've already made-up my mind.Pls advise.
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rough estimate is abt $15k shortfall so u got to top this up in cash.
without ur loan amt. and car details very hard to tell u wad is ur shortfall.
Anyway sorry to say this but hyundai is not in demand so the resale price is very low. if u wanna change i think u be better off to change to jap car. -
as again....which model are u considering?I4 or V6?Originally posted by Bodykit:Hi there,
Bored with my Hyundai Matrix Auto (6 months).
Intend to upgrade to Tucson.As i'm using OPC,monthly payment is around $400.How much more top-ups must I pay if i refinance through my Hyundai agent for the next 10yrs.Don't advise me on keeping this car.I've already made-up my mind.Pls advise. -
Since its an OPC, i believe the main purpose is to get from one point to another. Thus, its not advisable to change. You should know that the Matrix is a basic car in the 1st place when you buy it, so guess its normal not to expect too much.
Another reason for having OPC is to save money. So I believe there's no point for going onto a big car. All i can say is that the money you are going to lose if you sell this enable you to get a non OPC car in the 1st place. Also, your month installment of 400 over 10 yrs already tell us that you are not financially 'powerful' enough to change car.
If you decided to change the car already, maybe you should just go ahead. The fact that you still ask here shows that you are still having 2nd thoughts.
I hope i don't sound blurt or direct here, but you will get bored with the Tuscon in another 6 mnths time i guess. It just make sense for you to keep this car.
Just my point of view. Hope this helps. Cheers~! -
why no one answer me when i asked whether its the V6 or I4 model
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Hi Ceecookie,
l4 ... ur advise pls.
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unless u have ready cash to pay for the shortfall for the sale of your MATRIX, i would think you are better off just to hold on to it.
maybe you wanna state here how much is your outstanding loan on your MATRIX vs how much you can "fetch" when you sell off your MATRIX and forumers here can advise you better. -
10 years loan means you own a negative equity right from day one and do not even dream of selling as you will need to top up. By the time you reach 10 years, chances are you may not even break even.Originally posted by Bodykit:Hi there,
Bored with my Hyundai Matrix Auto (6 months).
Intend to upgrade to Tucson.As i'm using OPC,monthly payment is around $400.How much more top-ups must I pay if i refinance through my Hyundai agent for the next 10yrs.Don't advise me on keeping this car.I've already made-up my mind.Pls advise. -
bad fuel economy?
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So by the 10th year, threadstarter still owes finance company?Originally posted by Anti_AhSiah:By the time you reach 10 years, chances are you may not even break even. -
he will tell u...get a REX!Originally posted by Bodykit:Hi Ceecookie,
l4 ... ur advise pls. 
just 6 mths u sure lost till siao. furthermore, OPC rather hard to get rid of..like ah wei suggested, since ur main use is from point a-b, i feel it makes no diff in getting another car.. -
Some info to help us help you.
What is the initial loan amount you taken, and for how long?
What is your COE value?