try to tink other way SON, you havent ask them why they want you buy Japnese car.

I believe is either for quality and safety reason. Juz look different that your family want you be safe driving it. Not i said saga not good. Is juz my view i put from your parent. You can forget it..what i said....it not from them.

You have to talk with them, no point throw FIRE with FIRE, end you burn each other hand.

I learn my mistake same like you not becoz car but property. End up im noting to them.

I agree with your buy cheaper car is better becoz car is depreciation, then YOU have the same WEAKNESS dont hv the skill of NEGOTIATION with own parent what it look like to accept their and our opinion.

So go back try to talk again with peace.

think of it the other way, what ever he has, sooner or later it will yours or part of it will be yours and what ever yours will be yours

Your dad also Insurance agent.....?

Quality and safety? It's an Almera la, zero safety, tin milo like Saga SV only..

There is no such thing as negotiations with them, their word is law le.. Very irritating to try to talk with them also, live/run away 400km++ from them also they torture me through the phone..

The only way is to fully escape jump to offshore job, they can't contact me for shit.. lol. but now still can't find offshore job.. my luck..

sum insured is irrelavant, insurer will compensate based on lower of market value and sum insured

No chance, I'm not the eldest in the family

Yes, but he didn't do it for the car, he usually life+PA+medical insurance guy.

then gg le.. suffer with car ni le..

or part of it will be yours

then you no choice, you cant bear the life with your parent.

The choice you have is work/stay far away from your parent.

New Gen - Y then start to find work FAR FAR FAR away and never look back or miss your Mummy cooking.

then you must know\learning to manageable your self alone.

This post has been edited by felixmask: Aug 14 2013, 12:11 PM

Already working very far away from them. They're in Southern region, I'm in Northern region. But they still manage to torture me via phone email etc etc. Next time must be somewhere so isolated, they can't reach me by any means lol.

Can manage self alone, can't manage them only lol.

you buy jap or saga who know what you buying. Juz buy is your money. BE A MAN.

+1

Any personal financial planner / good investment adviser to intro?

I'm single and earn rmxxk averagely per month. My money is working for me in FD savings in overseas, some in amanah saham, invested some in share market to gain some pocket money from dividen gained. Still searching for the right property to invest but too scared to commit everytime when i nearly there, end up still no property yet.

My only liability is my car loan @ rm1,200 per month.
Other expenses about rm 2,500 per month. ( was much lesser previously coz i thought i must save hard and get myself ready to invest in property).

Pls send me contact and sifu sifu pls share your thoughts and whts yr advise?

one question, why u earn RMxxk still no property? U shud be able to qualify for properties worth millions.

That is why i am seeking for help here. I too afraid to commit and don't know if i am making the right decision or not. I have gone to lots of property launches and roadshows and undecided which to buy. Any advise or suggestion?

Sifu need advise...Help needed

loan RM300K, RM1.5k installment per month for 30 years

My loan repayment after 6 yrs...principle paid RM34K, interest paid XX , balance RM266K still owe bank..

If I able to do savings RM25K per year, thus I will have RM150k in 6 yrs. Let say I able to get 5% interest per year, thus in 6 yrs I should have RM26K intrest

My new condo installment RM1500 every month came from rental of my existing condo...My existing condo all paid up oledi


Is this formula doable? The money I still owe bank balance

=Money I borrow from bank - principle paid up in 6 yrs - savings in 6 yrs - savings interest in 6 yrs

= 300k - 34k -150k -26k

= RM90K

Balance little money..I think I do not wish to borrow from bank anymore...

If I borrow the balance RM90K from my dad, I give him 5% interest....

1st year RM90K, 5% interest - I pay my dad RM4500 for interest, from my savings RM25K pay principle, thus still owe dad RM65K
2nd year RM65K, 5% interest - I pay my dad RM3250 for interest, from my savings RM25K pay principle, thus still owe dad RM40k
3r year RM40k, 5% interest - I pay my dad RM2000 for interest, from my savings RM25K pay principle, thus still owe dad 15k
4th year RM15K, 5% interest - I pay my dad RM750 for interest, from my savings RM15K pay principle, thus no owe dad anymore..

Total interest paid to dad RM10,500, ok ok...It is like I borrow RM90K, Repay RM100K in 4 yrs time to my dad..

Thus I can settle my RM300K bank loan in 10 yrs time..Is this do able?

Is my plan ok? Can recommend how to do better? Pls. use simple financial term in calculation...I am not so good with formula..

This post has been edited by AAAABBBB: Aug 15 2013, 06:15 PM

Habis if u do like tat..discuss with ur parents..

Basic Neccisity to live

1st Shelter - House
2nd Food
3rd Wife

-150 Company stock ..Is this a neccsity? does it generate enough return %? If good then keep buying..
-501 Public mutual ..ok...this is to generate enough $ in order to buy house
-300 Payback education fund..ok ..this must pay back, cannot do anything one..
-752 Car loan ...This is not ok u tell your parents...u let them see the calculation...u take loan 5,7 or 9 yrs for this? With u paying so much to feed the jap car..U no more money to find gf and cannot get married, no children - son or daughter to continue the family legacy..U put some common sense into them...U tell them who to look after u? who to cook for u? They are destroying your future..

If able to cut the car loan, take public transport to work or get a bike or 2nd car that cost few k ....your biggest financial problem solve..

some more u getting the almera RM70K, by the time u finish paying up the car loan it cost RM20-30k. Of all Jap car only Honda and Toyota got higher 2nd price...Nissan don;t expect much lo...

Simple right? Solve your problem already...Sell the stoopid car!

I got FD savings of RM50k.

But the account is jointly under my name and my mum because mom opened for me when I was a kid. I was thinking to remove my mom's name to give myself a better credit rating. I contributed about 45k. Should i?

This post has been edited by babybaby1988: Aug 15 2013, 07:20 PM

i dont dare to ask ppl buy or no buy. but i would say need to take some risk.

Just for sharing, do u know anyone will be interested in Brand new shop office next to Jusco Rawang?
soft launch this Saturday 17Aug13 and Sunday, 18Aug13.

The Maisons @ Rawang (Maisons Boulevard and Maisons Walk).
42 exclusive 3storey shop offices on main road next to AEON Jusco shopping centre at Anggun city Rawang and the brand new Auggun2 Semi-D’s (near completion).
Located 1.5km from Rawang toll via the on-going upgrading main road of Jalan Batu Arang which will be added 4 lanes into 6 lanes by JKR.
Ground floor with 18'-24' of high ceiling and double frontage,covered owner’s car park space with amber visitor parking space,transparent sky roof on common park and shop’s frontage.
built up 4561sf – RM1,503,000.
built up 5031sf – RM1,676,700.
built up 5247sf – RM1,765,800.
built up 5247sf – RM1,803,600.
several sizes at different location for selection!

Soft launch with 10% rebet and FREE LEGAL FEE for SPA.
To be completed in 2015. Booking of RM50k.

Major property players such as Mah Sing,Guocoland,BRDB,Low Yat Group,Glomac,Hong Bee Land,BRDB,etc are developing their new launches of properties at the neighbouring area of Rawang.

matttkl@reapfield.com