hey jack can add this to the sticky? oh and delete this line
Today I'm going to talk about the thing on everyone's mind. How to buy, finance and maintain a sports car.
A real sports car not some sporty car, special edition, standard car with higher capacity engine &
bodykit, R3, TRD, GT (thank you) and all those other bullshit.
First let's talk about affordability.
Let's say you have a take home salary after deductions of $3000.
Let's put a ballpark figure on your cost of living and savings from this.
Rental = $400 (assume your rental includes your water, electric and internet)
Food = $5 * 3 meals a day * 30 days = $450 (total budget of course if you eat $1 nasi lemak for breakfast you got extra $4 for dinner)
Petrol = RON95 @ $1.70 per litre * $0.15 per km * 2000km in a month = $510 (assuming you cannot claim this from your company)
Phone = Umobile $28 plan
Savings = $500
Total = $1888
Your sports car budget is $1112.
Next is 3 options you need to think about.
Option 1: Everything into one basket
Option 2: Cheap runabout + Expensive sports car
Option 3: Cheap sports car + Moderate runabout
In Option1 at first you might think is $1000 really enough? It can be enough if you plan properly.
-also need self control. Join car clubs, there are sure to be some poison members. If you are one who is easily poisoned, plan accordingly~ This is going to be a sports car so you're going to go all-in on the banking side which means low downpayment and maximum of 9 years loan, because of two reasons, one a true sports car no matter how old there will be interest and value, and secondly sports car if maintained well you'll want to keep it for a long time so no point saving on the banking side because you're not going to do a quick loan and resell the car after 5 years like you would if you own a Vios.
depending on the type and state of the car you get, you will 'try' keep it for a long time... sometimes they become too impractical or well, things change in the future~~ so pick/plan accordingly