Maybe the new Honda City?

What do you mean by fancy? Bigger/faster/more luxurious or what?

Then I suggest you better focus first on trying to increase your income quadruple times before having any such thoughts.
For just 7k+ salary, better just stick to your Vios or the same category. You already seem to have a good position anyway, getting a relatively new car from the company, why then waste money to buy your own car?? I tell you, having a company car is the best even though it's only a Vios!

With salary only 7+k, I don't think it's a wise choice for you to spend money on having such a 'fancy' car just for weekends. That is reserved for those rich people only. Unless you're ok to just buy relatively cheap (<rm50k) simple used cars and built it as a hobby.

I basically agree with you. For me personally, I will only buy a car if I have the money to pay cash for it. Does not mean I won't take loan but it means I would not have any problem to settle the loan anytime if I want or if necessary.

Cars value will always drop but property value still increases. You invest in property, keep it for 5yrs, can sell for big profit. Once you got that profit, then start thinking to buy better cars for fun. If you buy a car (which you actually don't need coz yo already have a FREE car from company), 5 yrs later your car value is probably only 50% of the price you pay now and yet you still have to pay for the loans while your reselling price is actually already below your outstanding loan. Now do you think that's good??

Anyway we can only advice to the best of our knowledge and experience. Like McFD2R said, it's your money it's your life, it's your choice. If you make a wise choice then it's you who will benefit, vice versa if you make a poor choice, it's also you who will suffer.

m3 as in Mazda 3 though, not BMW M3!