Do you drive the car often?
Do you travel long distance on a weekly basis?

If yes to both,
I'd recommend getting the new car.

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Here's my arguement,

Although many forummer's here advised you to repair and maintain the car because it is a smart financial decision to you (you save money).

However many did not take into account the following criteria,

1. (Assuming) This Myvi is your Main car.
2. Daily driving comfort and Peace of Mind (stress/comfort related conditions while driving the car everyday)

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To which, a new car will be able to improve your overall day-to-day happiness.

Why?

The new Myvi won't require constant maintenance (breakdowns, part replacement)

- I'm speaking this from experience as I used to own a Proton Aeroback for 9 years; it was my main daily driver; I got fed up constantly maintaining the car; I frequently replace major parts, but smaller issues will always pop up on a weekly basis.
- These small issues hinders my work performance, as it caused me to be late for work/meetings.
- I carpool with my friends/family/colleague frequently on lunch/dinner/outings; and I felt that the car made everyone felt tiresome at the end of each ride.
- The car is uncomfortable and can be quite tiresome for me on long journeys and traffic jams.

However, the Proton Aeroback was my only car back then and I had to make a quick decision to replace it.

And it was a good move for me as I enjoyed driving to and back from work; I won't have to stress/tired from driving home every night after a long/hard day at work; I feel happier, compared to getting into a rattly car that shakes and loose all the way home.

I won't have to worry about going to work/meetings as I know full well that my car will run reliably.

You can say getting a new car is a means of upgrading your overall lifestyle. And I believe it will improve your quality of life tremendously (as it did for me).

Thus, you can consider selling off the Myvi, use the amount sold as downpayment for a newer car; and whatever money you've saved (RM5,000 to RM10,000) is able to sustain your monthly repayment of the car for 1-2 years.

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That's my advice la.

Yeah, you got a point there. Do it all and do it right on 1 go; you'll save on money; but driving a refurbished car won't be as comfortable as driving a new car.

And that's if you have another spare car on hand; I'm assuming TS only has the old Myvi as his daily driver.

A refurbished car can't guarantee that some smaller issues won't pop up in the future.

Other issues such as worn out interior parts, the rattles and squeak would make the driving experience more tiresome on a daily basis.

Lets not forget that newer cars is much safer on the road.

These are the things that a newer car would be better than a refurbished one..

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If you want to save some money, is able to put in the time and effort to repair/refurbish the interior of the car, and don't mind the lack of safety features and overall noise/comfort > Repair the old Myvi.

If not > New Car.