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Personal financial management, V2
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lin00b
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 Jan 5 2011, 10:50 AM
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I need to get a car for traveling from house to office - public transport is not an option
current option available is
a. 2004 manual kancil 850 for rm12k
b. 2009 myvi se auto for rm39k
I can afford either (kancil 3 year loan or myvi 5 year loan) while maintaining a 20+% savings.
the main concern is, even though i can afford the newer more comfortable myvi, should i get it? 27k extra is no small change, which i can probably put into something else.
currently all the brainwashing from other parties is go for the myvi because it is a good deal (new model is 53k) less maintenance, hassle etc.
knowing this thread trends more towards frugalness, any comments?
This post has been edited by lin00b: Jan 5 2011, 10:51 AM
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lin00b
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Jan 5 2011, 03:08 PM
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QUOTE(ChaiLatte @ Jan 5 2011, 02:45 PM) I am going to assume the 2009 Myvi is a new one. Have you considered a second hand Myvi ? I have not been in the automobile market for awhile, so I wouldn't know what are indicative prices. I used to drive a 15 year old Proton Wira which (fortunately) gave me no problems. If you do decide on getting a used car, be sure it is well maintained. I say this because the day you drive your new Myvi out of the showroom, the value goes down by at least RM2000 (probably more). if its a new myvi of course its going to be 2011 myvi  its a 2nd hand myvi, but given its only a year old, its practically new. new myvi cost 53k |
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lin00b
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Jan 5 2011, 03:10 PM
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QUOTE(juno88 @ Jan 5 2011, 02:58 PM) i m 25, oh no no.. just turned 26!!!
Added on January 5, 2011, 3:02 pmCar loan : 823 (Owning a MyVi SE still have another 4 years to clear the loan. Paying 10k for the downpayment and now regret it since I can put that 10k into ASB and get ~7% annually which can beat the 3.5% interest on car)(I know it already too late but what you all think more smart to do?Put 10k for downpayment or put that 10k in ASB and buy car with RM0 downpayment?) any1 can answer this? wat is ASB? i got cash now but duno wat to do...
Added on January 5, 2011, 3:03 pmif i put FD, wats the interest rate? i got 100k. how i gonna invest????? FD is no risk rite. i need something with no risk FD cant keep up with inflation. ASB/ASM/ASW/AS1M has negligible risk |
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