Where did you place your booking?

Bro, you must be earning good money. Just 2 years change car aleady.

This post has been edited by sochaiapk: Jan 3 2012, 05:33 PM

Now come with free 2 years maintenance. More value for money.

Have u asked SA how much you can trade in your 2 years car?
If you borrowed maximum amount last time, then you still need to pay bank the difference right. Plus the 10% for the new car,that is a lot
Keep the Forte lah since you are still happy with it.

IMHO, used car dealer tends to push down the price of your car regardless of it is Japanese or Korean. One must understand that they are taking a risk of not being able to sell the car and the value will depreciate the longer they hold their stock. Therefore the hot model tends to fetch higher price coz the stock turnover time is shorter and therefore the risk is lower. No doubt , selling to direct buyer involves more hassles but the money save is yours in the end. There is also the risk of many con job nowadays that we read on newspaper which might deter seller from dealing with direct buyer.

131k is OTR price. If minus insurance, 3.5k, the depreciation for 2 years is only 12.5k.
Those who willing to pay 115k + insurance + transfer fee for a 2 years car I must really respect them.

I can foresee the sales of Forte will shoot up if the new Elantra pricing is on the high side.
I for one, will seriously consider Forte 2.0 if Elantra is above 110k.As far as I know , Forte 2.0 lose out to Elantra on the following:
1) No sunroof (which is not important to me)
2) Electric seat
3) Design
4) Built in GPS
5) FC, not too sure but could be.

But on the other hand Forte wins on :
1)Airbags (6 vs 2)
2)Paddle shift
3)Cheaper

That is just my prediction. Shoot up doesn’t necessarily mean, the sales go up from the current few hundred to few thousand a month. Just by going through the posting in the last few months in FnF, I can see there are actually people holding back their purchase of Forte until the new Elantra is launched.

I have always find your reply in the forum portray that you are a very mature person with a lot of knowledge on the value to look for in a car. You definitely have a done a lot of research on the cars that you are looking to get and you are in no hurry to get one since your Vios is still serving you well. No doubt you are the kind of person who always looks for the best value for money when it comes to car. Not only the price, accessories, design, driving experience but also after sales service and the list goes on. I doubt many here will have your kind of patience to research and wait and test and repeat for a whole year or more just to get the ‘perfect’ car. Nevertheless, despite of all these, I don’t think you will get the kind of reliability that you have enjoyed with 8.5years old Vios when you have finally decided which car you will purchase in the future. Things had changed so much since the time when you got your current car. Cost cutting is a happening in every industry and products can never be so long lasting and reliable as they used to be. BTW, mind telling what is your age now since I really curious to know if a person of a wht age would have such discipline and good planning to retire by the age of 45 with passive income.

Bro Fluidic , there is no need to argue whether the Sonata is priced right or not right. The car has been in the market for quite some time and the sales so far has given you the answer whether the general public is willing to accept the kind of pricing by SD for this car. You can say that Hyundai is not able to supply enough car to SD and therefore the sales is low and many are in the waiting list. But how sure are you this booking will eventually turn into actual sales. D segment car is a very competitive and once a new model , assuming Camry comes out in few months, those Sonata booking can easily turn into Camry on the road. Car market is a zero sum game.
I can see many in this thread is willing to pay not more than 105-110k for Elantra 1.8. If the price is higher, then no matter how many extra gadget you put inside the car also will not results to a good sales figure.

Exactly.

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.

There is no simple maths in calculating the effective interest rate for higher purchase loan but a fixed formula which you can find easily on the internet. Most people will not be able to understand how the formula works but in layman terms is calculating the interest rate you would have paid if the car loan is on a reducing balance basis on fixed monthly repayment amount and fixed loan tenure.

On the above scenario, case 1 will give more savings. The effective interest rate for 50k loan , repay in 5 years at norminal interest rate of 2.8% is 5.41 percent. Unless your FD can give you more than 5.41% per annum , you are losing on the interest.

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Added on January 28, 2012, 5:57 pmUnless you can make your spare cash earn more than the effective interest rate of the loan, you are on the losing end as far as interest in concerned. Therefore, FD rate at 3 or 4 percent does not give you saving on the interest.

Don't put another variable into the comparison as i could also buy the car with 100k cash without any loan and use the portion or salary which need to service the car loan if i had taken the loan to put back in FD and earn interest in the next 5 years. The result will be i can save more than if i had taken a 5 years 50k loan at 2.8% norminal rate p.a.

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Added on January 28, 2012, 5:59 pmLesser dp is the best coz most people will not be able to make use of the spare cash to earn more than the loan EIR

This post has been edited by sochaiapk: Jan 28 2012, 06:00 PM

If pay cash for the car and put the monthly instalment of 950 into FD every month for 5 years will give you net return of RM4568.

Scenario A: Pay 50k cash and put 50k into FD. Every month pay 950 for 5 years. Net is 963.70

Scenario B: Pay 100k cash. Every month put 950 into FD 3%. Net is 4568

Difference between Scenario A and B : RM3604

Hello impossible.
Indeed, impossible to sell.

What if all the 'X' turns out to be 9

We shall see.

You mean free labour and engine oil etc need to pay? Then not worth coz labour is not expensive.

First glimpse of the Inokom badged Elantra.
Poison!
http://www.mudah.my/Hyundai+Elantra+MD+1+6...ar-13566483.htm

This one must me the Premium 1.8 unit coz come with built in 2 Din player. But the rim is dissapointing.

This post has been edited by sochaiapk: Feb 2 2012, 06:58 PM

This year will be an exciting year for the local car market, There will be a many new car launch. Elantra is just one of it. If SD doesn’t want our business, others will.
Anybody eyeing the P3-21a (aka Proton Tuah). Quite interesting specs rumoured. With turbocharger, paddle shift, push start.