New Car Vs 2nd-hand Car
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I'm planning to get 2nd-hand Celica. Really want to get a brand new one, but just don't have the money to do so...
I've been following this forum for quite awhile, seems like nobody is supportive of getting a 2nd-hand car...
I really want to know:
1. Is a 2nd-hand car really that bad?
2. What is the maximum loan period I can get for a 2nd-hand car?
3. What is the minimum period I must drive the car for before I can sell it off? Or is it ever possible to sell off a 2nd-hand car once you own it?
4. If I do get a 2nd-hand car, how old it shouldn't be? Is it wise to get a car that's more than 3yrs, etc?
5. I really don't mind spending $800-$900/month for installment for the 2nd-hand car (don't worry abt the petrol, maintenance, parking etc, still can handle that on top of my planned budget), so if this is the case, what sort of 2nd-hand Celica should I be looking for?
6. Anything I should know for 2nd-hand car?
I really do want to drive a Celica...My intention was to get a brand new Hyundai Coupe, but have heard far too many bad comments abt this car and it seems Celica is a better choice. I know it's stupid of me and commitment will be high, but it's just a dream (to drive a 2-door car) for me to fulfill before I turn 30 (I'm 26 now). After that when family commitment and kids comes in, that's really no more hope lar~
So, whether it's encouragement of discouragement, I really appreciate it. Thanks. -
If u can afford $800-$900/month, you are already well off to buy a new car. Unless you are aiming at a high-end car which u cannot afford at its original selling price. Personally feel that a new car is better than buying an old second-hand high-end car.
downpayment and second hand car loans depend on the dealer. just don't get fooled by those who advertise cheap installments. -
Originally posted by PaulQ:
you r right, i am buying the Toyota Celica, and even though it's less than $100k, it's still consider a high end car for me.
If u can afford $800-$900/month, you are already well off to buy a new car. Unless you are [b]aiming at a high-end car which u cannot afford at its original selling price. Personally feel that a new car is better than buying an old second-hand high-end car.
downpayment and second hand car loans depend on the dealer. just don't get fooled by those who advertise cheap installments.[/b]
Thanks for the advice on the advertisement, though.
Still need more help here... -
I know I wouldnt help much to your queries but I share your sentiments.
I would like to drive around in nice car before i turn 30 as well (am 26 too going 27)
Similarly, I can afford putting aside up to 1k every month for car financing and stuff like that. But by doing so, I might not have alot of saving for settling down and future plans like getting married and stuff..
Dreams vs Reality.
It has always been tough. I am still thinking. Should I just go for it or wait till I start a family before i get myself a car????
Before i started dabbling on and hijack your thread, I better stop now.
Will let experts who are good in this area to help u out. -
diving nice car is surely not my priority. when the time comes for you to buy a house, u will be short of the 'wonderful' hard cash for downpayment. If I have not bought a big condo, ha ha, I can get a Mercs liao ... However, for me, the priority goes like this : Condo -> Family -> Car . Am moving on to the third stage and happy with it because one can survive without car but not the former
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... thanks for the the advice.
BUT, it's REALLY difficult for me to change my mindset for now.
I'll be moving into my flat (a small 3rm flat in Holland V ) soon with my wife. Hope the settling down part and the billls and everything will change my mindset.
Car = an always depreciating in value thingy,
Property (flat etc) = (most of the time) appreciating in value thingy.
The tough part is, my wife is kinda encouraging me to get a second hand car and fulfill my "Dream" first!!!
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Have u considered long term rental (1 to 3 years) instead of buying a 2nd hand car?
Although the monthly installment is higher than u buy a new car or 2nd hand, there is no insurance, maintenance to worry about .
Also u should pay less in the total amount as u will not be in debt for 5 years to 10 years depending on your loan. Why dont u find out about the rental idea and work out the sums?
The other idea is to rent ur dream car from private car owners. There are several advertisement renting out their own cars (maybe cant afford their installment or just to get extra $ i am not sure). However, it is against the law to rent from private indivduals but the law do allow to rent over the weekend and PH.
I did came across the hyundai coupe and toyota celica for rent on yahoo. -
oh... i forgot to mention... even mazda RX8! about 5 months old.
This guy claim not willing to sell cos will lose big $$$ and hence ask if anyone willing to take over his loan. $1401 per month.
Now he is willing to rent out for yearly basis.
Not sure if the RX8 has been taken up though. -
rent car huh?
possible, didnt think of that...
but the feeling is different lar, you're driving something that's not yours, and can't do things to it (e.g. mod, etc)... it's really the feeling lar, drive already also don't feel good.
have to rethink this possibility though. i mean, why not?
is there anyone out there who is the same situationi as me? any thoughts? -
well, i look at it this way...
the car that u buy is "yours" for 10 years only then unless u extend the COE the car has no value onwards. Plus the fuel consumption increase, road tax increase, maintance should be higher also ....
Furthermore, when u sell ur car, u dun get back ca$h and u need to buy another car with that "ca$h".
1 more poin, owner sell their car usually after 3rd years, 5th year to prevent losses. So they only "own" car for 3 or 5 years. Sound like renting to me
Renting a car will remove all that problem. The only thing about renting is higher monthly installment but like i said earlier, u will not be in debt for years to come. Of course, this is apply better if u can afford the "upfront" payment for renting. -
Hahah...i juz hope u wife support u always...Originally posted by rumie:I'm planning to get 2nd-hand Celica. Really want to get a brand new one, but just don't have the money to do so...
I've been following this forum for quite awhile, seems like nobody is supportive of getting a 2nd-hand car...
I really want to know:
1. Is a 2nd-hand car really that bad?
2. What is the maximum loan period I can get for a 2nd-hand car?
3. What is the minimum period I must drive the car for before I can sell it off? Or is it ever possible to sell off a 2nd-hand car once you own it?
4. If I do get a 2nd-hand car, how old it shouldn't be? Is it wise to get a car that's more than 3yrs, etc?
5. I really don't mind spending $800-$900/month for installment for the 2nd-hand car (don't worry abt the petrol, maintenance, parking etc, still can handle that on top of my planned budget), so if this is the case, what sort of 2nd-hand Celica should I be looking for?
6. Anything I should know for 2nd-hand car?
I really do want to drive a Celica...My intention was to get a brand new Hyundai Coupe, but have heard far too many bad comments abt this car and it seems Celica is a better choice. I know it's stupid of me and commitment will be high, but it's just a dream (to drive a 2-door car) for me to fulfill before I turn 30 (I'm 26 now). After that when family commitment and kids comes in, that's really no more hope lar~
So, whether it's encouragement of discouragement, I really appreciate it. Thanks.
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haha, i know what you mean!!! But I still trust that what she said is what she really meant.Originally posted by no_speeding:Hahah...i juz hope u wife support u always... -
Just get a smaller one lah... like SIS or YRV Turbo... May not be as powerful as the 2nd hand one you planned... however it's new and you get to smell a new car interior and it still runs much stronger compared to normal family saloon on road... Better still, the monthly maintenance is definitely lower and you save (every cents counts and it's never too late to start saving) for the 'rainy' day which you can never tells when it will comes... Save more while young. Anyway, getting a Evo/STi/Euro R as a sports family saloon is never 'lou kui' nor too late after you turns 30 or when you plan to start your family...Originally posted by rumie:haha, i know what you mean!!! But I still trust that what she said is what she really meant.
Just my thoughts... -
Go for your dreams! We must dare to dream otherwise we will never know what we can achieve or attain.
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Hi,
Go for a 2nd hand SS1 (Manual if possible). I believe it will be within your range. A brand new one cocst abt 90k+, so a 2 yrs one one would at most cost you 70k I believe.
If you need contact, maybe you can drop me an email at [email protected]. My brother is in the Celica club, maybe he can help. I mean, at least you can be sure of the history of the car, like accident free or not.
I can't afford my dream car as well, so I always envy those who chase after their dream. Just work out your sum properly and I guess it will be fine.
Anyway, just to give you more kick in the Celica, try looking at this link......
http://www.cartalk.com.sg/forum/index.php?showtopic=165
May your wish come true! Cheers~!
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No offend to you. But I think ppl can definitly survive without a condo. Whether want a lux car or condo is kind of personal preference. Hence, sometime we can see BMW 5series or even SLK in HDB car park.Originally posted by PaulQ:diving nice car is surely not my priority. when the time comes for you to buy a house, u will be short of the 'wonderful' hard cash for downpayment. If I have not bought a big condo, ha ha, I can get a Mercs liao ... However, for me, the priority goes like this : Condo -> Family -> Car . Am moving on to the third stage and happy with it because one can survive without car but not the former -
Nice Celica...Originally posted by Ah Wei:Hi,
Go for a 2nd hand SS1 (Manual if possible). I believe it will be within your range. A brand new one cocst abt 90k+, so a 2 yrs one one would at most cost you 70k I believe.
If you need contact, maybe you can drop me an email at [email protected]. My brother is in the Celica club, maybe he can help. I mean, at least you can be sure of the history of the car, like accident free or not.
I can't afford my dream car as well, so I always envy those who chase after their dream. Just work out your sum properly and I guess it will be fine.
Anyway, just to give you more kick in the Celica, try looking at this link......
http://www.cartalk.com.sg/forum/index.php?showtopic=165
May your wish come true! Cheers~!
But I want answers, and I want it now!
You mentioned about a 2yrs old Celica costing $70k plus. I don't mind, but I really want to know how much it'll work out per month for installment alone? Is there still such a thing as a 7yrs (or even 10years) loan? If so, how much for each?
Or are we suppose to consider the number of years the COE is left with (for 2yrs car, so it'll be 8yrs left, etc...).
Can give me a rough figure? If the monthly worked out to be within my budget, then jackpot liao~
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Perhaps you can search here: http://www.sgcarmart.com
Got 2nd-hand many 2nd-hand cars for sale.
Celica also have, use the search bar to find can liaoz.
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Wow......saw on the web sgcarmart that a 3 yrs old plus Celica cost 71k! That's pretty expensive still. Hmmmm....... maybe i was wrong, or then maybe, the price can be negotiate further still, esp its already 2 owners. I believe you can get a better price than that, esp if those having parf 65% of OMV. Maybe a 2 yr old Celica will be cheaper cos of lower Parf.
Nevertheless, Rumie, I believe with your budget, you can only go for a SS1 instead of SS2. But then, how much are you downpaying? 0% is quite impossible. Maybe lets take it as 10k downpayment, excluding insurance and rd tax etc.
To work out your sum, lets say a 3 yrs old Celica SS1 cost 70k (est. from the car in the web), so after 10k downpayment, you loan abt 60k for 7 yrs. So your interest will be S$1620 a yr (based on 2.7% for 2nd hand car), and a total of S$11340. Your total loan is 11340+60000 = 71340 ........ yrly will be 71340/7 = S$10191, and a mnthly of 10191/12 = S$850/- .
So thats roughly what you pay per mnth for installment only. Of cause, after 7 yrs, when you scrap your car, you will get back abt 20k. So your depreciation per yr is abt S$7.1-7.2k.
But I have to remind you that your insurance will be very very expensive. Hope my calculation helps. -
thanks for the help people, it IS an eye opener for me.
I do hope of being the 2nd owner (and not anything more than that).
The car that I'm driving, I'm the first owner and it's costing me about $900/month for me.
SO, having the pay abt the same amount for a second hand car, is something that I've to convince myself first.
I'll be going through thoroughly the difference between the SS1 and SS2 and see what sort of difference they have before I buy anything.
But after driving for about 2 years now, and seeing all these road blocks, speed camera and mobile speed camera on the roads, think I won't be getting a car that has better torque or power. Haha...
Maybe I'll be considering more of the driveability and safety, IF there're any differences.
But then, the looks of the car is still the main thing, and I hope there's not much difference in the looks between the SS1 and SS2.
I'll be prepared for at least a 10% down excluding the insurance and road tax, etc..
And as for the insurance, think I'll be using my dad-in-law's 30yr old license. Just have to be careful on the road, i guess.
Sigh~ Money is still the issue, whether fullfilling dream or not.
House=money
Kids=money
Self=money
And the list goes on... -
all money, u forgot one part, wife-money...
aiyah.talk so much..u got money then go buy oh..ask so many questions and get opinions for waht when u already got the mindset what u want. just go ahead and buy it and come back and update whether u still feeling good or not...esp after a child. -
somehow, what you said DOES have a effect on my decision.Originally posted by Haywiregirl:all money, u forgot one part, wife-money...
aiyah.talk so much..u got money then go buy oh..ask so many questions and get opinions for waht when u already got the mindset what u want. just go ahead and buy it and come back and update whether u still feeling good or not...esp after a child.
And NO, I still haven't decide and haven't got a fixed mindset yet, so stop being a smart aleck.
Car is ex, so i'm just making sure before I commit to anything. If I don't think of my family and future plans, I won't be asking so much and talking so much.
Thanks for your comments anyway. Noted. -
Hmm. hyundai coupe = hyundai tuscani? or 2 diff cars.. shld be diff rite.. wads so bad abt the hyundai coupe/tuscani.. (sorri if this is a little off topic)
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Hi Tay,Originally posted by Tayysj:Hmm. hyundai coupe = hyundai tuscani? or 2 diff cars.. shld be diff rite.. wads so bad abt the hyundai coupe/tuscani.. (sorri if this is a little off topic)
There's nothing wrong with a Tuscani. Yup, its the NEW Hyundai coupe.... ermmm ..... dunnoe why but old one no one call them Tuscani.
I don't mind having one if the price is rite cos it look really good.
The negative aspect, though is that the car is underpower (2000cc, and 145bhp) *** pls correct me if wrong cos saw the figure somewhere sometime back, might remember correctly*** and it comes in auto only (If buy from Komoco, not too sure abt PI). Normally for coupe, guess the fun lies in driving a manual. The 2700cc version is better with 190bhp, but the road tax will kill you.
Head to head compare.
Celica SS1, Auto/5 speed Manual (1800cc, so cheaper road tax) = 145bhp
Tuscani, Auto (2000cc) = 145bhp << Believe there's 5 speed manual from PI)
Celica SS2, Auto/6 speed Manual (1800cc also) = 190bhp
Tuscani, Auto/6 speed Manual (2700cc, expensive rd tax!) = 190bhp -
Actually, really no harm listen to more opinion, though i don't deny that many pple already had certain mindset in their mind that certain car is better than certain car, so the feedback might not be accurate.
And I really understand how Rumie feels...... so its perfectly alright to ask ard. We are here to share information,. isn't that's what this forum is for? Hmmm..........