Used Car or New Car?
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Comment pls
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No comments cos i dunno what you are talking about
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List your preferences and desires.Originally posted by FlowerSand:Comment pls
Most importantly your budget. -
do u mean if we prefer 2nd hand or new cars?
if dats the case i prefer a new car, cos i wont know wat happened to the old 1. -
anyway, it really depends on how much budget u are willing to put aside for the car. But now most ppl buy new cars . WHY ? cause it retails almost the same price for 2nd hand car, brand new feeling , cheaper now. GO get a new car. 2nd hand car also can, but u gotta see condition of the car, price. see if it is a worth buy. Have fun shopping for ur car
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the old car cost $10900 1.0 model to $16800 for 1.6GLI Toyota, a 92 registered car.
looks cheap but with some caculation the car and road tax its still up to $380++ for the toyota ..still ex le.. -
If you're paying 380++ you might as well get the Hyndai Getz. Now only 34999. Monthly installments also work out to be about that price.
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Can you show your calculation here?Originally posted by FlowerSand:the old car cost $10900 1.0 model to $16800 for 1.6GLI Toyota, a 92 registered car.
looks cheap but with some caculation the car and road tax its still up to $380++ for the toyota ..still ex le.. -
For Example, a old toyota 1.6M registered in 1992 cost $16800Originally posted by newcomer:Can you show your calculation here?
a loan of 5 yrs with a 4% interest makes the total amount of
Interest rate for 5 yrs, $16800 x 0.04 x 5 = $3360
Cost of Car = $16800
Monthly amount payable to bank = ($16800+3360) / 60 mths
=336
Road tax per mth (although its paid yearly or bi-yearly)
= 500 + 0.75 x (1593cc-1000cc) x 1.5 surcharge for car more than 14 yr old
= 118.10/mth road tax
Total cost of maintaining a 1.6M Toyota old car = 336 + 118.1
Wow.. its $454.10 excluding insurance, petrol and parking fee and car servicing fee...
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My Friend Owned a 2006 Mit Lance 1.6M,10 year Loan,Monthly $520 excluding Road Tax, insurance, petrol and parking fee and car servicing fee...Originally posted by FlowerSand:For Example, a old toyota 1.6M registered in 1992 cost $16800
a loan of 5 yrs with a 4% interest makes the total amount of
Interest rate for 5 yrs, $16800 x 0.04 x 5 = $3360
Cost of Car = $16800
Monthly amount payable to bank = ($16800+3360) / 60 mths
=336
Road tax per mth (although its paid yearly or bi-yearly)
= 500 + 0.75 x (1593cc-1000cc) x 1.5 surcharge for car more than 14 yr old
= 118.10/mth road tax
Total cost of maintaining a 1.6M Toyota old car = 336 + 118.1
Wow.. its $454.10 excluding insurance, petrol and parking fee and car servicing fee...
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1oyr loan like too long le..Originally posted by guardsmen:My Friend Owned a 2006 Mit Lance 1.6M,10 year Loan,Monthly $520 excluding Road Tax, insurance, petrol and parking fee and car servicing fee...
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I think the car should have 5 years COE left. With only 5 years left, you can only take 4 yrs loan, if I'm not wrong. Which finance company you go to? 4% interest rate is quite low. Also, your road tax input wrong figure liao, should be 450 instead of 500(makes little diff anyways). You should also include the insurance and montly parking fees because these are fixed costs. I think you can get less than 1k insurance for a third party insurance. Want me to recommend a friend who sells car to you?Originally posted by FlowerSand:For Example, a old toyota 1.6M registered in 1992 cost $16800
a loan of 5 yrs with a 4% interest makes the total amount of
Interest rate for 5 yrs, $16800 x 0.04 x 5 = $3360
Cost of Car = $16800
Monthly amount payable to bank = ($16800+3360) / 60 mths
=336
Road tax per mth (although its paid yearly or bi-yearly)
= 500 + 0.75 x (1593cc-1000cc) x 1.5 surcharge for car more than 14 yr old
= 118.10/mth road tax
Total cost of maintaining a 1.6M Toyota old car = 336 + 118.1
Wow.. its $454.10 excluding insurance, petrol and parking fee and car servicing fee... -
Not long, its too damn long, with 3.5% interest, you'll be paying just for interest close to 5 years.Originally posted by HolySniper:1oyr loan like too long le.. 
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it very long..........Originally posted by HolySniper:1oyr loan like too long le..
if he get shorter loan,he will had to pay 520+++++ monthly
you do the calculation and you will know....... -
The GEMoney looks good.Originally posted by newcomer:I think the car should have 5 years COE left. With only 5 years left, you can only take 4 yrs loan, if I'm not wrong. Which finance company you go to? 4% interest rate is quite low. Also, your road tax input wrong figure liao, should be 450 instead of 500(makes little diff anyways). You should also include the insurance and montly parking fees because these are fixed costs. I think you can get less than 1k insurance for a third party insurance. Want me to recommend a friend who sells car to you?
http://www.gemoney.com.sg/auto/index.htm -
What's your age? First time owning a car?Originally posted by FlowerSand:The GEMoney looks good.
http://www.gemoney.com.sg/auto/index.htm -
26, ya..Originally posted by newcomer:What's your age? First time owning a car? -
Well i bought a new car 10 months ago....
now paying 630/month for 8 years, 8k down payment
your insurance will be abt 2k without NCD, road tax also need to take into consideration and petrol as well and parking
Petrol and parking are especially high. Consider this, you go town, need to find parking, on weekends usually is $4~5++ whole day or for 4~5 hrs. If public transport, no such cost.
Also depends on further plans. If you wish to continue to own car, better to buy new one or those after 2nd Q 2005 resale car. If intend drive till car "life" is up, then can buy 2nd hand with that amount of "life" left. depreciation is lower, due to lower COE. but hard to find 2nd Q 2005 resale car -
Intend to get a BMW 316IA ..second hand one with 10 yr coe.
but i calculated having paying about 700++ with the road tax and car repayment. The car is 10 years old but with that kind money i can get Kia 1.4 branded one instead...
Haha really hard to choose -
well depends bah... if u are more into the branding.. than i think tt this wouldnt be much of a chocie..Originally posted by FlowerSand:Intend to get a BMW 316IA ..second hand one with 10 yr coe.
but i calculated having paying about 700++ with the road tax and car repayment. The car is 10 years old but with that kind money i can get Kia 1.4 branded one instead...
Haha really hard to choose -
got the nissian presea 1.6M ctii already !!
Btw. what's ctii?? haha -
Yes,it certainly depends
if ur out for rare exoctic cars like the nissan sx/older generation sports car not in production,den yes,i'll go for second hand
well,unless my dad's name lee
take another example,a car that has been rolled out in showroom few mnths back but selling as sec hand but cheaper by few 10k's
den i'll take the second hand
most importantly,u've got to calculate mainatnence cost/car condition
maintainence gets frequent with age
do ur maths b4 making a decession -
Compact Luxury Car - > Nissan Presea 1.6M ctii, 1990-1994 production now no more in productionOriginally posted by olala:Yes,it certainly depends
if ur out for rare exoctic cars like the nissan sx/older generation sports car not in production,den yes,i'll go for second hand
well,unless my dad's name lee
take another example,a car that has been rolled out in showroom few mnths back but selling as sec hand but cheaper by few 10k's
den i'll take the second hand
most importantly,u've got to calculate mainatnence cost/car condition
maintainence gets frequent with age
do ur maths b4 making a decession
http://www.cars-directory.net/history/nissan/presea/ -
well for me i wuldnt get a presea,unless its engine is in good conditionOriginally posted by FlowerSand:Compact Luxury Car - > Nissan Presea 1.6M ctii, 1990-1994 production now no more in production
http://www.cars-directory.net/history/nissan/presea/
an old car is highly likely to have its engine luped -
For 2L car or conti car is worth it, cos their paper value drop alot. But for 1.6L and below jap car, since it 's already cheap to buy a new one it's no point going for 2nd hand.
Like ford, they have 5 year warranty, can consider.
For ppl who don't often change car can buy new one, but normally no resale value after 3yrs.