9k income, the most is around 110k +/- car. C-segment like Altis/Civic are your range.

First you have to calc the service cost, (all rough figure, need BMW user to input on those parts price & labour cost)
FS oil: RM300,
labour: RM50.
Oil filter: RM40
**total: RM390
(assuming travel alot, so around every 3 months).
Every month reserve around RM130 for basic service. Since conti 'milleage', most like every 2 service will have one gear oil change and spark plug:

Spark plug: RM150
Auto oil: RM500
Auto gasket: RM200
Auto filter: RM250
**total: RM1100
Every month reserve around RM190 for gear oil change

Tires every 2yrs avg: RM700/pcs, 4x = RM2800 for 2 yrs.
Every month reserve around RM120 for tires.

Brake pads, usually every 50km, or roughly 3 service (avg ~9 months) if u travel so often.
RM320 for front pair, RM250 rear pair
Rear usually last 3x longer than front.
Per month RM50 for brake pads

Insurance/road tax: avg RM2000 per yr? RM170 per month.


On top of your RM1400 per month installment, you need 130 + 190 + 120 + 50 + 170 => 660

You need "installment" at least of RM2060 to drive that car. Excluding GST.


This post has been edited by dstl1128: Oct 15 2015, 04:59 PM

316i is nvr a good choice... It only have the look, don't have the performance. At least go for 320i or 320d.. Bty 320d have lesser problem than 320i.

2nd hand & 9 years loan factor

DONT

later you regret coz the car start to make problem, u think buy BMW no problem ka

He doesn't have 9K income. That's including his wife's income of 4K. For his 5K income I think a Myvi or Iriz would be more suitable.

IMBO 2nd hand and 9 years are probably ok if the car is reliable and has decent service record. If interest rate below 4 still ok la, although not the best.

Here the thing why I personally don't agree with his choice for a 3 series. Combining pay just to get a dream car is plain suicide

Even combined, it is HARD to even buy a car in RM100k range.

9K income is net? or gross? after deduction around 7k already.


RM1500 is monthly installement, Another RM800 monthly extra is just for car maintenance & insurance reserves.


What if that 2nd hand car, has its aircon compressor dead, or alternator dead, or bearing need change, with the 9k income... will be choked surprises.

Your money...your life....let no one talks u into how to live one - you live once only just buy it...be happy

Dear TS jay881209,

If Maintenance is your greatest concern, why not consider a Lexus IS series instead?
Japanese reliability with driving pleasure as close as Germans. Still have the prestige compared to a regular Toyota.

Can search here:
http://www.carlist.my/car/lexus?max_price=...sort=price.desc

Just my 2sens opinion.

Dont worry bro, if your heart say buy and your wife support it. Go for it. You dont have to use the car for 9 years. Over the time, when u feel need to change the car, just do it. If i do have stable income 7-9k per month, i sure buy cause i like bmw also.

as for the services etc, when u bought the car, you will feel obligated to save, so no worries, it will comes later.

But frankly speaking, rm9k is not a lot especially you still hv house to pay off.

In my honest opinion, please don't go for it. Stick with your vios. As mentioned above, the interest for 9 years loan ain't going to do you any good. As you have your family, do consider to save up some money for future or emergency(touch wood). BMW is just a fancy thing, it is not a must have thing.
As this is FnF, 316i, 2nd hand, no more warranty... This 3 factors alone is a BIG NO to me. This is a german, the maintenance will definitey cost a little bit higher than jap cars. Without warranty, (touchwood) if some major parts in your car breakdown, how? Btw, if you wanna go for the BMW, go for 320d instead.

What about vw scirocco? Year 2014, selling at 125k.. Is this car less headache and good performance?

My friend is earning 10k+ nett EXCLUDING his wife and he's still considering if he should get a Mazda 3 for the past 2 months or continue driving his Persona without any other commitments beside insurance . You're earning a combined income of 9k and considering a BMW ? Economy is not so good bro . But then again , it's up to u . Trend these days , " depan banyak gaya , belakang makan roti sapu kaya " .

jay881209, can share whats your used car interest rate that u got ? if your loan 130k but u only pay total 151k over 9 years, that means your annual interest rate only 1.5%. how can that be ?

Sigh, that car can be even more problematic! You can see your self that this car when new was very expensive (around 200k) but now in just 1 yr already dropped so much, go figure why.

Seems like you're really fixated on showing off with nice cars despite your low income (even when combined with your wife's one). But again like some already said above, it's your money and your life, do as you wish.

every service you need to pay RM600 - 1k.
Anything spoil in term of wear and tear will probably cost you between RM1k - 3k each time... Normally for old car, it will tend to have wear and tear from time to time.

I think you'll suffer in comfort if you go for it.

Want to buy. can but stick it to 5 yrs instalment. if you can't stick it to 5 yrs max then better don't buy. you will regret if you take 9 yrs loan

I had been refraining from replying but really couldn't stand it myself. TS, just go for the car you want if you had already done the calculations. Don't look back.

If you follow the extreme logic of some of the replies here, for example 5 years loan only & 10% of your monthly salary: A 10k salary person should only get a Myvi 1.5 Advance (RM 58k, 5 years loan, 10% downpayment, 3% interest rate & hence RM 1000.50 installment per month)

I'm with u..but pls consider other car as well