Which is smarter choice: new small car or old/very old used car?

[Atrecord]

Hi, all,

 

I might need to get a car urgently for work. It's 5-day week job.

 

Am hoping not to get caught in a situation where if I have to sell/scrap the car after a short period, in which case the sale price will be much lower, making my depreciation very steep.

 

I've been thinking of getting an old car with abt a year to go before their COE expires, or just get one of those small china (cheap) new car. technology-wise, i think even the korean or chinese small new cars are much better than those very old cars with a year or two of COE left (some 8-9 yr, some 18-19 yr).

 

I like auto gear too... and am not looking at taking loan (that's why want cheap car...)

 

any one has any advice pls?

[Wanderer]

Either choice will have its pros and cons.

 

Getting an old car might requires more servicing due to whatever reasons. New cars are ex etc.

 

IMO, y not get a new and cheap car?? Maybe a vios or something like that?

[Albeniz]

I might consider a brand new Nissan Sunny or Lancer for this situation.

[Keithpapa]

saecond that . Jazz also not bad. Low running cost.

[Beei]

dun get a very old used car.. the maintenance and repair may scare you

 

Picanto, Getz, Vios, Jazz, city, Lancer or sunny.. so many choice for cheap car..

What is your budget??

[York]

if u prefer auto, better get a new one, old car more than 10 yrs, if the tranmission box parts worn..quite costy to repairs..MPOV

[Julian]

Hi, all,

 

I might need to get a car urgently for work. It's 5-day week job.

 

Am hoping not to get caught in a situation where if I have to sell/scrap the car after a short period, in which case the sale price will be much lower, making my depreciation very steep.

 

I've been thinking of getting an old car with abt a year to go before their COE expires, or just get one of those small china (cheap) new car. technology-wise, i think even the korean or chinese small new cars are much better than those very old cars with a year or two of COE left (some 8-9 yr, some 18-19 yr).

 

I like auto gear too... and am not looking at taking loan (that's why want cheap car...)

 

any one has any advice pls?

 

I am in your situation before. If you don't feel comfortable buying a new car. I would suggest getting a car of between 5 to 9 years old... if u sell it, you will not lose much.

[Mivec9]

get the previous model lancer...cheap and good

[Qpik]

Factors to consider:

(1)Depend on your Budget

(2)Fuel efficient

 

If can, go for 2nd hand like after 3yrs cos the depreciation not that taxing.

 

But, don't go for COE car. U will probably waste time/monies on maintaining it.

[Osiris]

IMHO, if u are afraid you might need to sell car after a year or 2, i suggest looking at 2004 sunny/lancer.

these 2nd hand cars are going for about 3k above paper+body value. if u sell 1-2 yrs later, u don't lose much as any new car.

new car, sell within 1-2 years, easily lose 50% of the value.

[Toyo]

Its better to get an used car for short term use. Alternatively you can rent one.

[Guyver]

Hi, all,

 

I might need to get a car urgently for work. It's 5-day week job.

 

Am hoping not to get caught in a situation where if I have to sell/scrap the car after a short period, in which case the sale price will be much lower, making my depreciation very steep.

 

I've been thinking of getting an old car with abt a year to go before their COE expires, or just get one of those small china (cheap) new car. technology-wise, i think even the korean or chinese small new cars are much better than those very old cars with a year or two of COE left (some 8-9 yr, some 18-19 yr).

 

I like auto gear too... and am not looking at taking loan (that's why want cheap car...)

 

any one has any advice pls?

 

If wanna super play safe .... rent a car ..

[Sgnick]

Get a used 1-2yo picanto or kelisa rather than a new china car or 9yo car.

Edited September 20, 2007 by Sgnick

[Picanto]

do let us know your budget. there can be many suggestions, but if you dun have that budget, also no use.

[Speed_ong]

Lease a car. No commitment. Around 1K to 1.4K for a new car. Road tax, insurance and servicing all included. Lease for a year and change to another model after one year. So you can drive different model every year.

[Tyer]

I think it all depends on whether you mind driving a older car. Actually the easier way is to give us your budget. I am sure many experts here can give you some suggestions.

[Vyap]

you mentioned not taking loan, assuming you have cash $15K to $35K. Ok, let's consider the options: below subject to model & capacity, just a guide only

1) Cheap China made car,(budget $35K (NEW)

2) second hand 3-5 years old Korean Car ($35K)

3) second hand 7-8 year old Jap car ($35K)

4) COE car, more than 10 years old ($15K-20K) depend on model, only thing is made such mileage not to high, accident free??? few owners, and well service history.

 

Hope it help you maid...........

[Tyer]

It is always nice to help a mate, but I am quite sure Atrecord is not our maid. :)