not about can or cannot - but about should or should not. i can buy a ferrari too with my current income but should I?

TS, I would classify this as "doable".

Whether it actually is or not, would depend on your spending habits and commitment.

Yes, you could afford it. But 'should you buy it' is arguably a more important question. If I were you, I would resist the temptation to get a new car now and aim higher for an even better car in the future when I have the financial capability. Why waste money on a S70 that is gonna delay the purchase of your dream car?

This post has been edited by HotshotS: Feb 17 2024, 04:42 PM

continue using your myvi.

add in tyre price

Walk over to Protocol SC and take note of the yearly maintenance costings. Usually it is on SA's table. The chart will list prices up to 5 years.

From the info, add the yearly costs of maintenance to the car price and divide accordingly to the number of years u plan to keep it.

Example. U plan to keep the car for 9 years.

Car price 79k
Yearly maintenance 2k X 9 years = 18k

Total = 79k + 18k @ 97k

Don't forget to add costings for tires, insurance, RT and fuel too.

Typically, if a 9 year installment is 700+ monthly, it will be much higher with all the above added. In short, if the salesman said the cost is 700 monthly, remember to double it to 1.4k monthly. As long u can allocate 1.4k monthly for the car, then only u can afford it.

This post has been edited by acbc: Feb 17 2024, 02:41 PM

Yes I live with parents, no commitment. But I find food price really expensive, RM 10 X 3 meal is already RM 900 a month, that is assuming you can consistently go for RM 10 meal. Sushi once Macdonald once treat gf once the budget confirm lari already.

after read through, i guess i will buy proton saga instead of honda city hatchback, confirm stress kalau city hatchback, although i i have a stable job currently, but still job hunting now to increase my base salary

But your car is not giving you any problem. And you do not use it often. So why buy a new car? This does not make any sense!

Might as well keep the money and try to double it until something nicer comes along.

The Myvi isn't going to depreciate faster than any other car at all.

If I were you, I will just flip the coin, not that the coin will determine the answer, but before the coin lands, your heart will already find your anwer.



And no regrets , sink or swim with it.

Following your heart or following your head, you decide..

For me, I will choose happiness, any given day. Life is too short to be unhappy

very far off the mark rough estimate, u will never get below 3% for local cars

why not get a persona instead? new car at lower budget

u're not missing out on the safety features anyway since u only aiming for S70 premium

This post has been edited by tzxsean: Feb 17 2024, 08:14 PM

spending rule.

if you cant buy the same car 2 times (take the 2 times of the cost and calculate) comfortably, it means you cannot afford it.

alza is below 3% , i believe s70 will be below 3% also

persona premium + its FC + unusual high interest rate = more or less the price of s70 base model

how bout perodua axia e ?

you can afford it, but imo it's quite an unwise decision. I'm also a proton owner, but I bought my car second hand after the price has significantly drop while it's still being only 3 years old. If you really like S70 i suggest to give it 1-2 years. Besides you never know what problems that comes with the car. Just look at X50 and X70

Kinda agree with you.
My wife's earning similar to TS, also with zero commitment except own insurance, was eyeing for Yaris or Myvi few years back. Eventually settled for Myvi as preferred AT > CVT.

So TS can go for 70k car.

Afford? Definitely can.

U could be having 1Mil savings now nobody here knows.

Dont care what ppl says about income per car value.
79K is like around 30K more than a Myvi. Why not?

Back then X50 and X70 could get 2.xx% p.a., not sure how it is now.


This post has been edited by dares: Feb 18 2024, 01:50 AM