I'm deciding buying a honda fit opc. How much do I need to set aside monthly?? I'm over 26 years, guess insurance will not be high right? can someone advise me?
dont bother buy opc lar...its freaking useless to only be able to drive at certain time. You end up being more frustrated with a car than without a car. (Unless you are telling me, your working hours fall exactly nicely with the opc timing)
Your friends will secretly laugh at you for having an opc car lor. Although i dont have an opc car, i will still imagine it to be like this.
hahahha...my working hrs allow that, that's why
Originally posted by pinkajul:I'm deciding buying a honda fit opc. How much do I need to set aside monthly?? I'm over 26 years, guess insurance will not be high right? can someone advise me?
Hi... I am calculating based on the Honda Jazz 1.3M from Kah Motor. If you are buying the Honda Fit from parallel importers, the price will vary from one importer to another so I'm not sure about the pricing. As for Honda Jazz 1.3M, it currently retails at $58,200. More prices for other variants (eg: 1.5L version) are available at http://www.sgcarmart.com/new_cars/newcars_AD_pricelist.php?DID=13.
More Honda Fit car prices from parallel importers can be found at http://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=10503.
Because you are opting for OPC, there will be a $17,000 rebate off the car price. There will also be an annual rebate of around $700 (I think.. it depends) off your car road tax. Insurance premium will also be lowered compared to normal cars. As the exact premium, you have to check it out from the agent. At a market interest rate of 2.5% and assuming u take full loan for 10 years, the selling price of the car is around $41,200 and the minimum monthly instalments is around $430. Interest rate will also differ from agent to agent. I use 2.5% for computation purposes.
Hope this helps.