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 Buying Satria Neo R3, Working after 3 years wanna a car badly.

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dogbert_chew
post Oct 6 2011, 02:11 PM

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QUOTE(vey99 @ Oct 6 2011, 10:56 AM)

car price should ~ annual income

if u get 50K a year, get 50K car.
This is actually a rather accurate benchmark for those taking the maximum car loan to cover purchase, maintenance + a bit for contingency.

The other recommendation for serious consideration is - consider buying 2nd hand. Higher risk vs very good deals to be found. wink.gif
dogbert_chew
post Oct 21 2011, 05:49 PM

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For Mocha to discuss with family..

Buy car - you are travelling too far daily
Buy new - easier to budget maintenance + manufacturer warranty
Borrow short max 5 years - to save interest, cater for new future expenses e.g. property, marriage

Suggestion

New Viva - say loan 30K 4% 5 yrs - monthly 600
New Saga - loan 40K 4% 5 yrs - monthly 800

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