QUOTE(rcracer @ Feb 14 2017, 02:15 PM)
Well put it the other way , if you started with 20k in the pocket and looking for a car , would you still pick a junker and try to patch it up or get a less tired car or even a new car altogether .
If you said it was an mx5, or even Honda type R , mini cooper, volks bug, ok lah not bad
And you had gone through so much as you said, think about how regretful you will feel if the project really fails. You will be like , I should have just gotten something better altogether and not wasted all these time .
Sometimes worth to take a step back and look at it again considering all options. Don't get tunnel vision
Wow you really didn't understand a single thing I said? Please help me look for a Type R for 20 thousand ringgit, let alone the mini
Why would I be regretful if the restoration is almost complete? Again, please please please, read this thread's topic.
Look advice is ok, unsolicited financial advice? Who you think will listen? Especially when I wasn't even talking about it.
You like new cars, cool. You do you, really. But look, let's tone it down yeah let's say a Preve, roughly 80k la yeah. If cash then great, cool you saved up 80k in cash and owe the bank nothing; if not, you'll need a bank loan for 7-9 years. Assume after 7 years you want to sell the car (after you settle the loan), how much you think can sell? Secondhand Preve now, never exceed 50k, how much you lose? Don't forget ya, 80k is RRP, the interest that goes to the bank will add on lets say another 5 thousand (just an example). Best case scenario you find one guy want to buy for 50k. 85-50 = __ thousand, that's how much you made a clean loss off of.
As for a restored Astina let's say I spent 20k into it, literal worst case scenario for me if it was 20 thousand: Even if the car total loss, I'd lose less assets that you did over the years, and all the money I used was purely for the car itself, no compound interest no down payment. Let's assume the car runs another 7 years just to be on par with the Preve, I still wouldn't make that big of a loss in the end! Even if the car is considered total loss! Plus, in the event that it does crash and burn, I simply have to fork out another few thousand for another secondhand car, by the time I'm sure I'll have a steady income as I already do at the moment. With the knowledge that I've gained from restoring my Astina, I know how to spot and haggle for my next secondhand car.
Your misconception that new cars are just ultimately better than old cars makes you kind of a hypocrite in reference to what you said before, no?
"close minded" and "no intelligence", and you would suggest a volks or an mx-5 when I've clearly asked the questions in my first post?
I have a fine example of ignorance and the inability to comprehend simple conveyance of a shared concern for you:
If you don't know any engines that can swap into a 323, if you don't know jack about restoring/tuning cars, if you have never swapped let alone tuned a car before, if you have no relative input for the topic at hand... Then you have nothing to offer here.
Also, why are you so salty? I'm not using your money dude