QUOTE(jackbanner @ Jun 28 2016, 11:24 AM)
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 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. 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. Also going all-in on the banking side would leave you with cash on hand as maintenance fund so you don't touch your savings. You'll be targeting cars like Evo, WRX, GTI as they are cars that can serve a dual purpose as a family car and sports car over the weekend, but of course there are compromises
2007 VW Golf GTI MK5 - i decided to use this one as an example because they're pretty common on the Malaysian roads, especially KL thus there is the critical mass needed for lowering of parts cost.
Let's get down to the maths, so the asking price is $64k so running through the loan calculator with minimum deposit of $1000, interest rate of 4% and loan for 9 years the monthly repayment would be $794 so minus that from our budget you've got $318 extra which should be sufficient to maintain this car.
Now let's talk about maintenance.
If you like to change oil every 7500km than I guess any VW 502.00 approved oil like Castrol Edge 5W-30 or Shell Helix Ultra 5W-40 should be fine. They are "fully synthetic" oils ,actually hydrocracked (semi-synthetic) lubricants. The Hydrocracked is a just a chemically refined (purified)mineral oil. Price check at
Lazada for Shell Helix Ultra 5w-40 the cheapest for 4L is $190 and 1L is $50, you'll roughly need about 5L per service so I suggest to lurk online or shops for the best deals and buy to keep, and it is probably cheaper buying two 4L than one 4L and 1L each.
If you prefer to change oil every 10000-15000km than you should use VW 503.00 approved oil like Mobil 1 SuperSyn 0W-40 or Castrol Edge 0W-40. They are 100% synthetic oils - PAO(polyalphaolefins) or esters . They are more expensive, price check at
11street is $287 for a 4L bottle of Castrol Edge 0w-40.
If you are perfectionist than you should use Motul 300V POWER 0W-40, Castrol Syntec 0W-30 however keep on mind that ester oil may soften engine seals. Plus this really breaks the budget so it is here only as information shared.
Accordingly to VW Golf GTi manual:
Vehicles with LongLife service should use - High lubricity multigrade oil / VW 504 00, VW 503 00
Vehicles without LongLife service should use - High lubricity multigrade oil / VW 501 01, VW 502 00, VW 504 00
However, mechs in Australia prefer to recommend their clients to use VW 502 00 because of the harsher conditions there together with shorter service intervals. So it should be the same for Asean region. Now lets do the math for this.
One month you're running 2000km and you need to service every 7500km.
So that roughly is 3 months before you need to do an oil change.
You might be thinking $318 x 3 months = $954 you can afford to put in more expensive oil.
Please don't think that way you're going to go broke fast.
Your minor service fee would be:
Shell Helix Ultra 5w-40 5L = $140
Fuel filter = $70
Air filter = $70
Labour = $75
Total = $355
The $599 you've saved put it in a separate account as sinking funds for major service in which you might need to service and/or change parts for the aircon, or as emergency fund to change things like absorbers, bushings, rack-ends, lower arms, bearings, tires, etc. since it is afterall a used car. Believe me that even one of those issues lures its ugly head around that $599 isn't going to be enough unless those things happen after a year or so in that time you would've added quite a sum for this sinking fund so it won't hurt you that much. This is why it is very important to get a well taken cared of car, will full service record shown, and best is just serviced so you've saved yourself at least $300 bucks.
Also don't forget that 6speed wet clutch DSG gearbox although more reliable than the 7speed dry clutch DSG has a hidden secret, DSG and Dual Clutch Transmission in general are expensive to maintain but if you don't change it then it will fail like the dry clutch DSG. You'll need to do this change every 60,000km which is roughly based on 2000km per month is roughly 2.5years. Price check at
Mudah quotes a DSG fluid change would cost you $750 with installation/labour minus GST. So you can see how that $318 budget seems like just enough to cover everything?
To be continued for Option 2 & Option 3