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 Buy Second House or Buy Car, Which one would you go for?

Buy Second House or Buy Car
 
Buy Second House [ 74 ] ** [44.05%]
Buy New Car [ 94 ] ** [55.95%]
Total Votes: 168
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CoffeeDude
post Apr 4 2022, 05:35 PM

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If you don't want to spend too much, buy a used car so that you can have some money left to buy another house.
c64
post Apr 4 2022, 05:46 PM

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QUOTE(DM52 @ Apr 4 2022, 05:16 PM)
fuh.luckily boy not comment this at /k and f&f. if not for sure many hentam u..

what makes you think waja is not a safe car?. in term of what?. or basically old car not safe?.
*
VSC Tarak, ESC Tarak, airbags not enough, ASA Tarak. Besi also weak and karat Liao.
Boy96
post Apr 4 2022, 06:00 PM

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QUOTE(DM52 @ Apr 4 2022, 05:16 PM)
fuh.luckily boy not comment this at /k and f&f. if not for sure many hentam u..

what makes you think waja is not a safe car?. in term of what?. or basically old car not safe?.
*
The last one. Ts got money can afford a 5 star safety car. Should go for it
TryingToSurvive
post Apr 4 2022, 06:01 PM

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QUOTE(c64 @ Apr 4 2022, 12:41 PM)
Can buy car with CC? Sure boh? Can get cashback? Maybe will buy a car later this year or next year.
*
Yeah u can, but most dealers don't want to do it because CC commission is quite high 1-2%.

SUSskyblack4492
post Apr 4 2022, 07:22 PM

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Honda city ba. Got honda got amoi. Buy so many house for what if foreveralone
Koranshita
post Apr 4 2022, 08:48 PM

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buy a second hand car
pisces88
post Apr 4 2022, 09:10 PM

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Depends how big is your budget, and many factors leh, you could even do both.

Then also depends how much the condo will take up your funds. And your dsr. After take the 2nd condo loan, will you be able to get the car loan as well?

Give you a scenario, maybe you have 100k. Your salary 6-7k.

Buy a condo maybe take up 60k , or less depending on downpayment. Loan per month take up 2k maybe. Old loans maybe 2k.

Is the condo subsale or stilll under construction? If subsale u can immediately rent out after buying. Then u can proceed with buying new car. Stil have enough Dsr for loan, still have enough cash for car downpayment.
SUSMr Mercedes
post Apr 4 2022, 09:14 PM

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QUOTE(Panda12 @ Apr 4 2022, 12:18 PM)
Hey guys, I'm in my 30's now and I'm still single. I own a condo but still drives my dad's old Proton Waja to this day.

I'm wondering, at this point, do I purchase another house/condo (for investment purposes) or do I get myself a brand new car?

My heart tells me that I should get myself a new car (Mazda or Camry) but my gut is telling me to get a second property for investment.

So, I've listed down the pros and cons of each choices:

Buy new car
Pros:
1. It's probably time to replace my old waja. It's 20 years old.
2. Better chance to get girlfriend
Cons:
1. It's a liability. It's just a car at the end of the day.
2. Potential opportunity cost (e.g cannot invest in other things for a while)

Buy second property
Pros:
1. Potential long-term investment (not guaranteed and have to wait 10-30 years)
2. You have two houses
Cons:
1. Life is not all about buying houses like collecting pokemon cards. You need to enjoy life when young too.

What would you guys do?
*
Mate.... you don't need a nice car to get a gf. Females who judge you by the car you drive are shallow as fuck.


SUSCoolStoryWriter
post Apr 4 2022, 09:18 PM

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Both lah. Who says u can't have both. Get a persona
anzen600
post Apr 4 2022, 09:18 PM

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Beli MyB & sarang at the same time nia YOLO kasi
6942nole
post Apr 4 2022, 09:31 PM

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buy used car and new house.
arcadicus
post Apr 4 2022, 09:51 PM

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Buy superbike 1000cc...

Hnggghhhh.....
ahmad92
post Apr 4 2022, 09:55 PM

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Single and own a condo. Just go and upgrade your car.
BL98
post Apr 4 2022, 10:00 PM

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Axia 26k cash.
farscope
post Apr 4 2022, 10:02 PM

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for my case is house > car > looking for second prop now..

get a decent car without sacrificing your cash flow, plan your cash flow with shorter loans if you need to so that u can exit the loan repayment when u r ready for the next property. i think camry a bit too far fetch, get something in the C segment range to also up-profile yourself a bit unless u dont mind staying single for awhile more. to me, i think it can go concurrently..
iSean
post Apr 4 2022, 10:30 PM

iz old liao.
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QUOTE(Panda12 @ Apr 4 2022, 12:18 PM)
Hey guys, I'm in my 30's now and I'm still single. I own a condo but still drives my dad's old Proton Waja to this day.

I'm wondering, at this point, do I purchase another house/condo (for investment purposes) or do I get myself a brand new car?

My heart tells me that I should get myself a new car (Mazda or Camry) but my gut is telling me to get a second property for investment.

So, I've listed down the pros and cons of each choices:

Buy new car
Pros:
1. It's probably time to replace my old waja. It's 20 years old.
2. Better chance to get girlfriend
Cons:
1. It's a liability. It's just a car at the end of the day.
2. Potential opportunity cost (e.g cannot invest in other things for a while)

Buy second property
Pros:
1. Potential long-term investment (not guaranteed and have to wait 10-30 years)
2. You have two houses
Cons:
1. Life is not all about buying houses like collecting pokemon cards. You need to enjoy life when young too.

What would you guys do?
*
Hi ya, wahhh 20 year old Waja rclxub.gif
Ya I know the feels my family own one now near 16/17 year old liao.

Personally I will say get a Cheap Proton Saga or top up sikit for Bezza X.
Because the Waja in my family is a maintenance debt trap.

Cars depreciates over time, no need to get cantik2, else go for second hand, better value, provided u need someone to help you check for flooding.

SUSForgotPassword
post Apr 4 2022, 11:33 PM

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QUOTE(c64 @ Apr 4 2022, 05:46 PM)
VSC Tarak, ESC Tarak, airbags not enough, ASA Tarak. Besi also weak and karat Liao.
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If not wrong, airbag and abs pun tada. I duno this guy defending waja on what basis lmao.
B0ss_ku
post Apr 4 2022, 11:51 PM

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Enjoy life better

But camry or mazda is not enjoying

Atleast get a GT86

This post has been edited by B0ss_ku: Apr 4 2022, 11:52 PM
B0ss_ku
post Apr 4 2022, 11:54 PM

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QUOTE(c64 @ Apr 4 2022, 05:46 PM)
VSC Tarak, ESC Tarak, airbags not enough, ASA Tarak. Besi also weak and karat Liao.
*
Tell that to those drive oldschool corolla and sunny...hardly seen those involved in accident
Kakistok
post Apr 5 2022, 12:31 AM

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QUOTE(Takudan @ Apr 4 2022, 04:13 PM)
WAH big boss level... 2nd property for vacation is a huge ass commitment solely for leisure! I can only imagine that for now until retirement, you will rent it out or do a AirBnb, basically let agent handle...? Then I understand the value of buying a property now for retirement, since property price in Malaysia is likelier to increase over time, especially if you're looking for "touristy place" to retire in, I think it's one less risk as government probably won't allow anything that decreases land value near a tourist place (like industry, garbage disposal sites etc..)

Also, it depends on how good your current car is. For TS case, 20yo Waja is unsafe and may have many wear and tear problems, so a new car makes more sense imo. A B segment local car can easily manage even at 5 year loan, with ample to spare for continued investment.
*
I think you misunderstood my point - I'm just looking for another house as a own stay vacation home (for me and my family/friends) and in the future would be a retirement home. No plans for airbnb or renting and I wouldn't care if it drops value
Since I already have finished paying my house and I have set a side a some for emergency & investment - just looking for another place with remaining cash I have minus all my expenses

my car I bought a used one 2 years ago - a 5 year old Iriz, approx 50k miles for rm18k - 2 years no issues so far other than usual wear tear
my current house is a walk up flat 3B I bought in 2014 for rm180k in suburb KL - I finished paying it in 2020, as I was already paying extra every month and I cash out some gains from my US stocks to finish it off.

so no big boss level la - just a middle class peep living in moderation.

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