that showed actually buying a new car price at more than 80k is not an easy task, for those who only consider 100k above car is so called "good car" hope ur salary is high enough. if not talking alone wont get u a >100k car

wah banyaknya

I only borrowed 55k already sweating like hell

Ya.

Actually, 'cock-talking' here can move you somewhere at least in lowyat.net.

Nevertheless I enjoyed discussing here, ya, kids are welcome too

this way of bank loan is highly not recormended~~~
and the insurance also wont come in cheap...

7years very tiring...

actually his decision also ok, between RM940 and RM1276 diff RM336 ler. pay bit longer but each month not so stress.

i mean buying with very low 1st down payment + the sum of loan required 70k...?
i see the figure 940/month also damn scary...

low d/payment is suicidal ?
but TS made up his/her choice, and its his/her money.
and i respect his/her decision.


when are you getting your car, TS ?

actually the TS decision is ok lah... one i would do also if i could afford it

put it this way, if he plans not to sell a minimum of 5 years then he got nothing to worry about if there is no policy change that is...

even after 5 years he sell the car then he can get back quite a bit for his next car's downpayment. i belive the resale value of the vios is quite good

this thread have turn into finacial management thread pula..

different ppl have different kind of $$ management and philosophy.. don't judge ppl by your way.. ur way is right.. and ppl way may not wrong also..

ppl who canbuy the car straigh without instalment still can do the instalment like what thread starter do.. because some people have their own way to invest or need the money to grown their business or whatever...

give your opinion here, but please don't judge ppl methods wrong..

sorry talking too much ya..

Thats kinda true...I recently went to a toyota showroom and the SA told me most of the younger generations choose 7-8 years of loan...

younger generation will take longer loan because they want to look good straight,
meaning something like to tell their peers, hey look, you are driving a proton, and i am drving a toyota, so i am better then you those type of mentality.

but anyway its their choice, life and money, so wat they buy anything they want and whatever debt that they accumulate is theirs.

i'm willing to spend that money not because toyota reflect my identity but i want a reliable car.
i dont even care what the car color is what the plate number is or the looks of the car. as long as it's stable, and i enjoy driving it.

i've been considering all cars for many month already

toyota is well known for it's reliability (ofcause there is some special cases)

actually just look u can affort or not !! if very hard for yrself for 5 year then better that 7 year...
like me now all the money pay for my car each month already half of my salary. (2nd WRX ver8 / 7years)
every month very pening kepala for the money .

not suicide..jus err..kinda heavy load ..jus ok is great jus make sure u can cover all the expenses like insurance/ road tax / maintanenace / n of cos petrol..

eehh..laiseng do write a review when ur car is received ler..



This post has been edited by shift2: Jan 26 2007, 09:32 PM

there is laiseng and liewseng
both also september but one is 05 and one more is 06

hahaha... i oso confuse at the begining... or until now i still confuse...

It's ok lah, with the kind of interest Vios has (1.88% or something), paying low downpayment may be good thing as well. If I have 70K, maybe I'd rather put 10K as downpayment and the other 60K into FD and earn 3.5% interest, can cover the HP loan already.

Or is my calculation wrong?

theoritically, that is more & less correct. All depends on a person's financial status...
but i do believe commonly people will not do so... given the amount you mentioned, at least they will down payment more... say 20k...
logically, no one will let himself in debt any longer than he wanted... further more he actually has the required sum to settle the debt?
having any kind of loan is actually having an invisible type of mind pressure...

Thats so true...its sad though the way younger generations now want to look in their best form trying to be something they can't.

well, younger people tend to pursue "glamour" & tend to be more on the "kia su" side... commonly, they are willing to push their financial power to the extreme...

everyone who are older & more mature by now were young before & should understand the mentality back then...

young & fearless... haha...

usually if someone has that kind of money (70k), it would be best to just pay the car off straight.

example, vios 70k, repayment 5 years, the total after 5 years including interest should be 80k more or less.... so why let the bank earn? might as well pay it off there and then itself and you can start saving for your FD knowing full well the car is completely paid for. less one commitment no?