Hi everyone,
I'm here to ask for advice on the first steps to buying a new car. Specifically a 2nd hand one.
These are what I know:
Parf value - Value which you can get back if you scrape the car after 1st 10 yrs. Who determines this value?
Open Market Value (OMV) - what's this?
Road tax - Advertisements always states till a period. How much is road tax a month?
Viewing of the car - What am I entitled to do? Test drive? Send for check up? What do I ned to know?
I'm looking at cheaper models like the old Nissan Match, or Toyota Starlet. So for a $30k 2nd car what finance do I need to expect?
Can I get a loan and pay by installment? The downpayment is determined by the seller right? Or is it paid by the finance company and I have to pay the company by installment?
Example, a Toyota Starlet costing $30k, 2nd COE till 2009... Roughly how much will the monthly installment be? Petrol will be around $200...