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.
Buy Second House or Buy Car, Which one would you go for?
Buy Second House or Buy Car, Which one would you go for?
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Apr 4 2022, 05:35 PM
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Senior Member
1,609 posts Joined: Sep 2005 From: KL |
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.
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Apr 4 2022, 05:46 PM
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#42
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Junior Member
711 posts Joined: Sep 2021 |
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Apr 4 2022, 06:00 PM
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#43
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Senior Member
3,848 posts Joined: Dec 2009 From: Ampang |
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Apr 4 2022, 06:01 PM
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Junior Member
330 posts Joined: Sep 2019 |
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Apr 4 2022, 07:22 PM
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#45
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Senior Member
1,342 posts Joined: Apr 2011 |
Honda city ba. Got honda got amoi. Buy so many house for what if foreveralone
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Apr 4 2022, 08:48 PM
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#46
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Junior Member
435 posts Joined: Aug 2020 |
buy a second hand car
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Apr 4 2022, 09:10 PM
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#47
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Senior Member
3,969 posts Joined: Nov 2007 |
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. |
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Apr 4 2022, 09:14 PM
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#48
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Junior Member
424 posts Joined: Sep 2015 |
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. 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.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? nightzstar liked this post
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Apr 4 2022, 09:18 PM
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Junior Member
241 posts Joined: Oct 2021 |
Both lah. Who says u can't have both. Get a persona
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Apr 4 2022, 09:18 PM
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#50
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Senior Member
1,238 posts Joined: Sep 2006 From: K.L |
Beli MyB & sarang at the same time nia YOLO kasi
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Apr 4 2022, 09:31 PM
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Junior Member
346 posts Joined: Jan 2021 |
buy used car and new house.
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Apr 4 2022, 09:51 PM
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#52
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Junior Member
213 posts Joined: Dec 2008 |
Buy superbike 1000cc...
Hnggghhhh..... |
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Apr 4 2022, 09:55 PM
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#53
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Junior Member
51 posts Joined: Nov 2010 |
Single and own a condo. Just go and upgrade your car.
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Apr 4 2022, 10:00 PM
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Junior Member
743 posts Joined: Sep 2020 |
Axia 26k cash.
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Apr 4 2022, 10:02 PM
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#55
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Senior Member
3,427 posts Joined: Apr 2007 From: Gangster Paradise |
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.. |
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Apr 4 2022, 10:30 PM
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Senior Member
4,496 posts Joined: Jun 2011 |
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. Hi ya, wahhh 20 year old Waja 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? 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. Panda12 and MegaCanonF liked this post
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Apr 4 2022, 11:33 PM
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Junior Member
122 posts Joined: Oct 2021 |
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Apr 4 2022, 11:51 PM
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#58
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Junior Member
282 posts Joined: Dec 2021 |
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 |
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Apr 4 2022, 11:54 PM
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#59
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Junior Member
282 posts Joined: Dec 2021 |
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Apr 5 2022, 12:31 AM
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#60
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Junior Member
201 posts Joined: Mar 2022 |
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..) 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 valueAlso, 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. 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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