New Car

• thinker

  5 Jan 06, 20:41

  Hi everyone, I am new to car purchase. Can anyone help to advise what types of new car which I can buy with 800 bucks per mth budget? This 800 bucks must cover everything (i.e. monthly installment, fuel, road tax, parking, ERP, etc). Main use of the car is to travel to and fro workplace. Thank you.
• thinker

  5 Jan 06, 20:49

  How about 1k to 1.2k?
• binZ

  5 Jan 06, 20:52

  KIA Picato~
  
  or maybe..
  
  Proton Kelisa~
  
  cheapest in the market~
• thinker

  5 Jan 06, 20:56

  Originally posted by evo sei:
  To elaborate further, the cost breakdown as follows:
  
  Monthly instalment =
  Road tax =
  Insurance =
  Fuel =
  Parking (home) = ($90 per month for HDB MSCP)
  Parking (office) = ($100 to $250 depending on location)
  ERP = (varies from car to car)
  Grooming = (car care products/polish/wax etc)
  Servicing/maintenance = (every 10,000km if using synthetic engine oil)
  Tyres = (replace after every 40,000km)
  
  The key is to calculate the sum of rest of the components and then see how much you've left for payment of instalment.[/b]

  Those in Bold will not be included. Taking Toyota Vios as a benchmark, how much is needed per mth?
• thinker

  5 Jan 06, 21:10

  Originally posted by evo sei:

  Assuming you're paying $52k for the car, 10 year loan of $48.5k at 2.7%, so monthly instalment is $500.
  
  Monthly instalment = $500
  Road tax = $100 (per month)
  Insurance = $100 (per month)
  Fuel = $300 (estimated)
  Parking (home) = $90 per month for HDB MSCP
  
  That's already $1.1k down the drain.
  
  
  http://www.toyotasingapore.com.sg/showroom/vios/index.html
  

  Thanks for your advice. Really clear and sweet.
  I am a first-timer, will insurance be higher than 1.2k stated??
  My Co going to support me with 800, so I will only need to fork out 300 in the above calculation.