Query on buying car
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Hi
http://www.sgcarmart.com/main/info-200Jjox4-1007.html
How much will it cost per month for this type of car? -
300++ - 400
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So how do the loan work? From the second-hand car shop?
How about the insurance? -
are u talking abt the monthly payments on the car or include other stuff also...Originally posted by han88:Hi
http://www.sgcarmart.com/main/info-200Jjox4-1007.html
How much will it cost per month for this type of car? -
I am talking about monthly payment + other stuff like petrol,insurance,parking and etc
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petrol will be roughly 200 a month....Originally posted by han88:I am talking about monthly payment + other stuff like petrol,insurance,parking and etc
road tax will be 110% of the normal 1.5 litre road tax... since the car is more than 10 yrs old.... works out to be $957 anually or 80 a month....
insurance depending on ur age and experience will be higher than usual as this is an old car and its a 2 door chiong car.... be prepared for a quotation of at least 2000 plus annually which works out to be 160 plus per month
parking + erp +misc 1 month i am putting it conservatively at 150 plus....
maintenance subjected to car condition.....
all in all 590 + monthly payment as quoted above and exlcuding car mainenance.... this is a conservative estimate.. hope this helps... -
wrong. road tax for the car is abt $1400++ per year...
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Well initally thought this type of car would be much cheaper than a normal sedan let say a coralla in the end it still so expensive. So can i conclude it not a good idea to buy this?
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me calculate liao...
all in all... abt $1k per mth -
buy car in sg surely lose $$$ one...
depending on how much u wanna lose per year only...
and wat's ur best ride at ur best possibly budget....
dun drive a car dat u dun like one... v v v frustrating de... juz like u marry a girl tat u dun like... same feeling... -
Ic 1k per month....... Can die ar. I thought this car would not be such a big drain on on my wallet as they stated it only 14000. In the end i would still need 1k per month. That mean paying this civic is not much different to paying a normal jap 1.6 sedan. Am i right to say that?
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if u want a budget coe car, go for those 1.0 or 1.3L ones. toyota starlet, daihatsu charade or suzuki gti. u pay lesser road tax as compared to others. civic LSi? bo v-tec leh. where got shiok?
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Your monthly instalment depends on a few factors.
If you need in-house loan, you'll probably take 3 years at 3.5%. That works out to approx. 450+ per month.
If the interest rate is higher, or the tenure of loan is shorter, it'll vary.
Other than the monthly instalment, you'll still be looking at ancillary costs such as notably maintenance, which is highly variable, depending on the condition of this ride.
A budget of $1k per month is likely to be over-budgeting by approx 10-15%. -
how u get this figure one???Originally posted by sunny6110:wrong. road tax for the car is abt $1400++ per year... -
no... a normal 1.6 sedan monthly can hit 1500.... i think for this car should be slightly less than 1k per month la... around 800+....Originally posted by han88:Ic 1k per month....... Can die ar. I thought this car would not be such a big drain on on my wallet as they stated it only 14000. In the end i would still need 1k per month. That mean paying this civic is not much different to paying a normal jap 1.6 sedan. Am i right to say that?
buy car in sg confirm chor one la.... ur income roughly how much.... cannot tahan then dun force urself to buy a car la.... -
dun forget, this car left 4yrs COE..
and it's a 3door AND it's a civic, be prepared to pay high premiums for insurance..
and 1 more thing.., LSI bo vtec hor.. dun cry after u get it and then u find out.. -
and rmb, how much u pay per mth depends greatly on ur downpayment!
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I'm not buying car until ORD...
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Originally posted by han88:Well initally thought this type of car would be much cheaper than a normal sedan let say a coralla in the end it still so expensive. So can i conclude it not a good idea to buy this?
You will be paying more to buy old car. Go for new car since interest rate and down payment is so low this day.
Beside that you enjoy at least 3 years warranty on part and 3 free servicing. No to exclude lower road tax. For new driver, your insurance will be bit on the high side, of course. -
it depends on how u see it.. COE car has its good pts too.Originally posted by king108: You will be paying more to buy old car. Go for new car since interest rate and down payment is so low this day.
Beside that you enjoy at least 3 years warranty on part and 3 free servicing. No to exclude lower road tax. For new driver, your insurance will be bit on the high side, of course.
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Originally posted by HolySniper:it depends on how u see it.. COE car has its good pts too. Road tax could be better too..and more vicom
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coz me paying this much lo.Originally posted by n0x:how u get this figure one???
15 yrs car is 150% of road tax. not 110% -
Cheaper upfront but depre not much cheaper than new car.. $15k for 4 yrs left.. around $3.8k a year. A new lower-end saloon car around $50k (less PARF of about $10k) = $40k/10years = $4k a year.. that's why its almost the same when you count monthly (not including other factors yet)Originally posted by han88:Well initally thought this type of car would be much cheaper than a normal sedan let say a coralla in the end it still so expensive. So can i conclude it not a good idea to buy this?
Assuming you loan $10k for the civic, interest is roughly 4% a year.
BREAKDOWN (mthly)
Car instalment : $308
Loan interest : $33
Road Tax : $125
Insurance : $60-120 (depending on ur NCB)
Season parking : $90 (MSCP)
Coupon/external parking : $20 (going out, etc)
Fuel : $200
= avg of about $900/mth, not including maintenance and fines yet
Cheapest choice is an OPC (weekend plate) Chery QQ!
Even considered one myself.... haha... -
meaning to say for every subsequent year above 10 years they increase by 10%???Originally posted by sunny6110:coz me paying this much lo.
15 yrs car is 150% of road tax. not 110% -
Yes, 10% a year max at 50%.Originally posted by n0x:meaning to say for every subsequent year above 10 years they increase by 10%???
So :-
Year
11th = 110%
12th = 120%
13th = 130%
14th = 140%
15th = 150%
16th + = 150%