Advices needed before getting a car!!!
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Hey peeps! I planning to get a car fer myself... I intend to get an OPC since I won't be using often due to shift work... I've just passed my licence about 6 weeks ago...
I would like to know what are the requirements to get a loan fer the instalments to pay the car... Is there really a need fer a gurantor..?
Any informations are greatly appreciated... Thanks peeps!
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u got the budget to buy n sarpot a car? is there a need for a car? your age?
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I'm currently in the Govt. sector... I'm currently 22... The car will be fer transport from pt.A to pt.B... I'm planning on either a Proton Gen2 or Proton Savvy... I am looking at a budget of $500 monthly to be spend on the car.
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Originally posted by librat:
I'm currently in the Govt. sector... I'm currently 22... The car will be fer transport from pt.A to pt.B... I'm planning on either a Proton Gen2 or Proton Savvy... I am looking at a budget of $500 monthly to be spend on the car.
$500 inclusive of fuel/installment/erp/season parking? are u ready for high insurance premium yearly($3k)? -
a taxi should help
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the decrease in petrol prices makes everyone think that getting a car is the most viable option now.
they simply forget all other costs.
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Originally posted by librat:
Hey peeps! I planning to get a car fer myself... I intend to get an OPC since I won't be using often due to shift work... I've just passed my licence about 6 weeks ago...
I would like to know what are the requirements to get a loan fer the instalments to pay the car... Is there really a need fer a gurantor..?
Any informations are greatly appreciated... Thanks peeps!
dun get a car??
use taxi??
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SBS or MRT la...
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Originally posted by librat:
I'm currently in the Govt. sector... I'm currently 22... The car will be fer transport from pt.A to pt.B... I'm planning on either a Proton Gen2 or Proton Savvy... I am looking at a budget of $500 monthly to be spend on the car.
You want cheap car and you want a Proton? Forget it, get yourself a Kia or Hyundai.
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Originally posted by librat:
I'm currently in the Govt. sector... I'm currently 22... The car will be fer transport from pt.A to pt.B... I'm planning on either a Proton Gen2 or Proton Savvy... I am looking at a budget of $500 monthly to be spend on the car.
Not enough. Standby for cost on insurance, maintenance, petrol, carpark, misc such as coupons, ERPs, etc. not much road tax since its OPC.Dont buy it.
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hold off buying will be my advice...
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If you can't afford it, you can't afford it.
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post removed
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Originally posted by librat:
Hey peeps! I planning to get a car fer myself... I intend to get an OPC since I won't be using often due to shift work... I've just passed my licence about 6 weeks ago...
I would like to know what are the requirements to get a loan fer the instalments to pay the car... Is there really a need fer a gurantor..?
Any informations are greatly appreciated... Thanks peeps!
The basic requirement for loan approval is an income statement from your company you are working.
If you don't have income statement, you need a guarantor....The guarantor must have an income statement irregardless whether she/he has a licence or not.
If you are working and you can afford the instalments, then you don't need a guarantor.
Preferably take no more than 70% loan for no longer than 7 years.
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Originally posted by librat:
I'm currently in the Govt. sector... I'm currently 22... The car will be fer transport from pt.A to pt.B... I'm planning on either a Proton Gen2 or Proton Savvy... I am looking at a budget of $500 monthly to be spend on the car.
Sorry... whether OPC or not...my advice is to reserve at least $1000 each month....There's just too many components to take care of....The insurance itself will 'kill' you even though OPC's insurance is lower than normal car's insurance, simply because you are 22.
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Assuming u r single and has no family commitments, hold on to your buying of cars till ur income is more than 2.5-3k, depending on ur spending habits irregardless of OPC or normal cars.
Understand the temptation and the dream to own a car when juz started work...was oredi calculating when I could own a car when i started work..haha
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Originally posted by KWoNi:
Understand the temptation and the dream to own a car when juz started work...was oredi calculating when I could own a car when i started work..haha
I am dreaming of it everyday when I sleep....sometimes I got so caught up with owning cars that I can't wait to start work the next day.
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Originally posted by lianamaster:
I am dreaming of it everyday when I sleep....sometimes I got so caught up with owning cars that I can't wait to start work the next day.
Haha you're not the only one. Don't mind share with us what's your first car? It can be a practical car, I mean, think big but start small, unless one is those super-entrepreuner, I think it's not wise to start aiming for a gallardo or murcielago as one's first car?
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Originally posted by nightsky87:
Haha you're not the only one. Don't mind share with us what's your first car? It can be a practical car, I mean, think big but start small, unless one is those super-entrepreuner, I think it's not wise to start aiming for a gallardo or murcielago as one's first car?
Honda Jazz....hehe....
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Originally posted by lianamaster:
Honda Jazz....hehe....
Good choice!! Haha..
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Thks....The only sucky part is its price...
But looking at the numbers on the roads today...can tell it's really popular nonetheless....
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get car at 26 ah!!!
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Just get a cheap and reliable 2nd hand car will do
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first car honda jazz..wow...
A 2nd car will not save u any money..it oni shorten ur breakeven period or minmise ur loss when u change ur ride over the same period..ur money expenses remains the same..mabbe even higher due to the fact its a 2nd car and neds more maintenance..assuming the probability of it breaking odwn is higher.
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Originally posted by KWoNi:
first car honda jazz..wow...
A 2nd car will not save u any money..it oni shorten ur breakeven period or minmise ur loss when u change ur ride over the same period..ur money expenses remains the same..mabbe even higher due to the fact its a 2nd car and neds more maintenance..assuming the probability of it breaking odwn is higher.
depends on wat type of car u getting... some 2nd hand ones r still very gd condition...