Hmm... u have any numbers for say 3~5 yrs? Cause, in my case, I dont forsee keeping a car for more then 5 years.

Cause if you keep a car for 10 years... there is a rock bottom of how much the price will go I reckon.

He is not the Hyundai salesman, he's unlike bro fluidic so professional in his words . But this guy is just so free nothing to do like to catch ppl's "wrong sentence" and start argument.

*Yes* I do

Sonata NF 2.0A 2006 vs Camry XV30 2.0 2006:

Sonata NF 2.0 2006 New Price: RM116,000 w/out insurance etc
Camry XV30 2.0 2006 New Price: RM131,000 w/out insurance etc

Sonata NF 2.0 2006 Current Price: RM54,000 w/out insurance etc
Camry XV30 2.0 2006 Current Price: RM74,000 w/out insurance etc

Sonata NF depreciation: RM62,000
Camry XV40 depreciation: RM57,000

So the savings for driving a Jap over a Korean over a 6 yr period amounts to RM5,000. IMO that is not a lot of money lost for wanting something other than what every other uncle is driving.

Whether it is an uncle's car or not, it is left to personal preferences. BUT in terms of maintenance and spare parts, I think Jap brands still win hands down.

Is there a buyer willing to pay 55k for 9 years car ?
Bank still can provide a loan ?
But hmmm if the owner use it for go to pasar + fetch kids from school, maybe worth to buy coz the mileage for sure same with the price which is 55k only...

some compilation

Wow so details...
Errr why use 9 years & 2.7% rate as benchmark ?

The 15k upfront that you pay more for the camry has other cost involve, if you take a 9 year loan at 2.7% thats 24.3% interest on the 15k over the tenure. If you paid with cash 15k upfront there is a time value to the money when you sell your car, say i used risk free rates at 3% thats 18% over 6 years. so after you factor all these in i do not think there is much savings with a camry.

last time when i purchased my car, i took 9 years and the interest rate i got was 2.7%....

Rate about ~2.8 now.....

So whoever say "use cash pay more upfront (or entire car) to save interest" should be SHOT and then chopped into pieces.

Yup.... but not to be SHOT, as either way there weren't much difference.

depends on what car and brand they would like to purchase and how long they intend to use it

Back from the holidays, and looks like the major topic here is pricing, oh wait, this been going on since V1.

Let me try finding out on Monday, and verify certain questions as well. If it's true as rumored(Feb 9 soft launch etc.) then I don't think it's possible to keep the details hidden for too long.

Yes the manual is 6 speed.

Hopefully can get more news on the pricing and the official specification on different models.

Last time I checked, this was the Elantra tered....what happened??

And yes, pricing is WHAT we are waiting for!

I think it's not hyundai or SD doesn't want to sell this at competative price like forte, it's our goverment again want to give protection to proton inspira....wakakaka.. BN ownage again.

Long time didn't drive manual... Where the R symbol located on top of gear knob ?
1,3,5 top... 2,4,6 bottom...

Cannot be... The price different is so much...

I never think up to this. I know u r an accountant. Thanks

I never think up to this. I feel so lucky

This post has been edited by jai2005: Jan 29 2012, 01:31 AM

No.... all should be SHOT cause ..... Current FD rate for 60 months is 3.8%... why pay more upfront for the car when you get BETTER returns putting your money in FD./... geeez

You are wrong. There is something called effective interest rate when it comes to interest calculated up front for hire purchase type of loan.
Assuming you have cash to pay for a car and you put the money in FD earning 3.8% for 6 years and borrow at 2.7% for the same period, you will be paying more interest rate than you earn from FD. The reason is you need to pay instalment for the car loan every month and you need to take out money from FD to service your car loan which reduces your FD ineterst earned in the end. As a result, your FD interest will reduce every month but your car loan ineterst remain the same throughout your loan tenure. Not to forget your 3.8% FD is locked for 6 years and you cannot take out money from it every month to service your car loan.

If one thinks this way, both the FD and car loan are products of the same bank and how can there be paying (FD) more they earn (car loan). The simple reason is it does not work as simple as you see it. The effective interest rate is much higher than the FD they pay their client.