Persona Premium RM60k, 12k D/P, 9 years @ 3.2% p.a = total paid RM74k
S70 Exec RM74k, 12k D/P, 9 years @ 2.7% p.a = total paid RM89k

Difference RM15k, assuming you can get 2.xx% p.a for the S70 to start with.

Not sure what are your expectations with S70's fuel economy, and if in reality it is better than Persona's. But considering you WFH and seldom drive, I gather that it will take quite a while to make up that RM15k difference in fuel costs.

Also, S70 maintenance fee in quite a bit higher than Persona overall.

A big part of the equation aside from less commitment is cost of living, so TS has things worked out for him since he stays with his parents where he already saves on housing and utility.

Another factor is really where he stays, and it does make a lot of difference.

https://livingcost.org/cost/malaysia

I know because I travel to many towns in Malaysia and in general cost of living in KL and JB are far greater than even PJ or Klang let alone further out of Klang valley .

And if it is other states, the difference is even more astounding.

Although TS did not say where he lives, but his statements of saying RM 10 per meal seems to suggest that he may not be living any where near KL.

This post has been edited by EnergyAnalyst: Feb 18 2024, 02:55 AM

Well it all boils down to this....

15k divide by 9 years is RM 140 per month , if you can save rm 50 per month from fuel by driving S70 its already a minor difference . Never underestimate these campro engine , it can make a car cheap with high running cost this is especially true if you consider the rising fuel price . with the night and day difference between persona and s70 , monthly rm 90 is a no brainer albeit with higher insurance and slightly and maintenance cost

rates dropped so much? when my colleague bought his Alza mid last year, it was 3.1-3.3


mid last year when I was surveying X50, I was told rates around 3.2-3.4
dunno about now, but things can change a lot in half year

axia je la

LISTEN TS. When it comes to buying cars, pls follow ur heart not other people suggestion. Dont buy something u dont want because of other people recommendation. U might regret it later. I did it in the past.

There another ways for you make the monthly paymnent more affordable. Put more on deposit, 24-35k then ur montly payment will be the same with myvi. Save money until u have enough for deposit before u buy

i would somewhat agree with your point and approach - if TS can bring the monthly down to 500 a month or even less then yeah go for it. always remember to factor in maintenance, insurance, tyre, petrol. those costs are often NOT factored into the monthly. one can average those out into a monthly fee. today he can afford that s70 but he *should* not buy it.

Or...find ways to earn more on the side - do grab, etc.

seeing his responses, I think he's already determined in getting S70

so I would say just plan the financial part accordingly and go ahead. Also make sure to have backup plan for worst case scenario.

This post has been edited by tzxsean: Feb 18 2024, 10:28 AM

yea that's what i've told before , just go for axia e ( axia rahmah ) .. already good

Had Axia E before and still a big fan because you get it cheaper now 22K than my first Kancil 660 demmit.

However just a reminder it doesn't have ABS EBD so during rainy days really really need to SLOW down.

make sure monthly less than 600, myvi 2013 around 20k... enough for depo




This post has been edited by croydon: Feb 19 2024, 01:10 PM

Save more for the down payment, say loan less than RM 45k you should be fine to own a S70.

MYVI is not a good candidate for long haul drive, now that the car is old better move on. It still worth some money, top up with your own savings should be fine.

Hi may i know what are you trying to tell me ? You're saying s70 maintenance is not much higher than myvi ?

thank you for the reminder , really appreciate it ...
true it's cheaper then kancil because previously im the owner of kancil 850 but already sold it few years back ..
thinking to buy axia e , basically for my wife , she loves manual transmission , to replace her old first gen myvi

gross 4k = net 3.5k

buy s70 or not depends your future plan

if ts plan to get married in future or buy a house etc then better dont buy a new car


salary 2.4k to 4k = 67% increment
myvi 50k to s70 = 60% increment

on paper ts have higher purchasing power but now everything are expensive than last time 7% increment may not beat inflation, after buy s70 you may feel suffer

insurance + petrol + maintenance

if your saving per month > instalment then can go ahead

your myvi insurance should around 500 as nbv 20k
s70 insurance is around 2.5k

maintenance you need to check

fuel - fuel cost will go up, dont forget gov is removing petrol subsidies, maybe fuel cost will double
salary 4k buy s70 80k

dont ask us can afford or not.. you yourself should calculate whether you can afford it or not as we are not you, we don't know what's your monthly commitment and monthly spending
you said 0 commitment other than medical insurance, assuming its rm 200 / month.
4k gross, get 3.5 nett - 200 = rm 3.3k
what about your spendings per month? Rm 1k? nowadays easily can spend rm 1k without knowing one la.. so assume 1k la.
left with rm 2.3k then like what other bros calculated, need at least rm 800 for the car with a 9 year instalment plan
left rm 1.5k.
heck, if you're comfortable with that savings per month, then go ahead?
but be sure to think properly.. now you don't have commitment, but what about in the future? say 2 / 3 years down the road..
what about maintenance of the car? tyres aint cheap, parts aint cheap..
got the money to afford for the maintenance or not?

don't be like some ppl that I see on fb.. go apply loan for myvi AV, monthly rm 698, then after that complain no money for maintenance. lel..
wanna service also wanna think twice and wanna take out whatever parts that can be taken out..
if you wanna live that way, then by all means go ahead and buy the car.. but yet wfh and won't be driving much..
honestly don't see the point in changing a car just because you travel to KL every few months.

Buy is easy, but maintenance, insurance, petrol this will be a challenge later.
S70 will not be cheap to maintain like Myvi, need to standby 2X the maintenance fee from what your current Myvi.
Just look at the tires enough, Myvi using 14~15 inch, S70 16~17inch. The 16~17 inch tires logically going to cost more.

Example

Myvi 175/65/R14 - 185/55/R15
185/55/R15 - Take Toyo CR1 price found in Shopee
MYR 193/pcs

S70 205/55/R16 - 215/50/R17
215/50/R17 - Take Toyo CR1 price found in Shopee
MYR 337/pcs

The tire price itself at least 75% more expensive compare to myvi.
Just imagine for other maintenance parts also.

This post has been edited by littlefire: Feb 19 2024, 10:33 AM

if you like the car go ahead.

rule of thumb has always been buy a car that cost a year of your salary or lower.

invest the rest of your money. in 10 years time, u will be glad u did that instead of spending more than u can afford on a mere car.