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Changing Car [Need Advise]


HayateEin
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MY current situation is abit complicated. So I just want to know if the options I'm considering is it feasible. Due to personal issue, I need to change my current car, which is quite new. Problem is I don't want to fork out too much for the new, so I'm considering a downgrade.

 

Current drive, Honda Vezel 1.5X petrol. Less than 3 years old. Out standing loan around 30k. Market valuation is 64 to 69K.

 

Wish to change to either New Kia K3 at 73,999 or 2nd hand MPV of similar value (E.g Wish, Sienta, Etc).

 

Main issue is because I need to change ownership of current car, and can't change unless loan is settle. So only way is to change the car to clear current loan, and get another new loan.

 

Is this move feasible in terms of monetary means. How much do I tend to lose from doing such move?

 

 

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MY current situation is abit complicated. So I just want to know if the options I'm considering is it feasible. Due to personal issue, I need to change my current car, which is quite new. Problem is I don't want to fork out too much for the new, so I'm considering a downgrade.

 

Current drive, Honda Vezel 1.5X petrol. Less than 3 years old. Out standing loan around 30k. Market valuation is 64 to 69K.

 

Wish to change to either New Kia K3 at 73,999 or 2nd hand MPV of similar value (E.g Wish, Sienta, Etc).

 

Main issue is because I need to change ownership of current car, and can't change unless loan is settle. So only way is to change the car to clear current loan, and get another new loan.

 

Is this move feasible in terms of monetary means. How much do I tend to lose from doing such move?

 

we can't give proper advise unless we know the reason to change ownership.... why die die must change?

 

cannot just pay the fella cash as if you buying the vehicle from the person?

 

or cough out whatever is agreed and the person get his own car, etc?

 

neither we can tell you how much you lose because we don't know how much you buy the current car, how much your interest, how much your loan amount, etc

 

Want advice need give sufficient info 

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take a personal loan to settle the outstanding loan, re-finance the car after name transferred to settle your personal loan.

 

you may loss some interest and time to settle paperwork, if you still want to keep you current car.

 

don't understand why you mentioned downgrade from vezel to k3? aren't they are in the same category?

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MY current situation is abit complicated. So I just want to know if the options I'm considering is it feasible. Due to personal issue, I need to change my current car, which is quite new. Problem is I don't want to fork out too much for the new, so I'm considering a downgrade.

 

Current drive, Honda Vezel 1.5X petrol. Less than 3 years old. Out standing loan around 30k. Market valuation is 64 to 69K.

 

Wish to change to either New Kia K3 at 73,999 or 2nd hand MPV of similar value (E.g Wish, Sienta, Etc).

 

Main issue is because I need to change ownership of current car, and can't change unless loan is settle. So only way is to change the car to clear current loan, and get another new loan.

 

Is this move feasible in terms of monetary means. How much do I tend to lose from doing such move?

You a uber or grab driver?
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Why not just sell the car first then look around? Like that no need to settle any loan.

 

he may have commitments such that he still needs a car, eg. family etc. 

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take a personal loan to settle the outstanding loan, re-finance the car after name transferred to settle your personal loan.

 

you may loss some interest and time to settle paperwork, if you still want to keep you current car.

 

don't understand why you mentioned downgrade from vezel to k3? aren't they are in the same category?

I guess many people would feel that if you change car from honda to kia, it is consider a downgrade?  [:p]

Cause korean cars are always view more inferior as compared to jap cars?! Lol.

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I guess many people would feel that if you change car from honda to kia, it is consider a downgrade?  [:p]

Cause korean cars are always view more inferior as compared to jap cars?! Lol.

from bmw to Honda will be a downgrade in term of branding.

 

I don't think there is any different between jap and kor car in term of branding.

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I guess many people would feel that if you change car from honda to kia, it is consider a downgrade? [:p]

 

Cause korean cars are always view more inferior as compared to jap cars?! Lol.

This is a hard truth
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Main reason to change is due to new job role which requires me to own a car. (Not grab or uber). Is a sales role. They provide incentive. But problem is the car owner has to be me, which currently it is under my wife's name.

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Pay up the $30k cash, go transfer ownership at LTA n retake another loan. Kau tim

 

If so easy, don't need to ask here already.

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from bmw to Honda will be a downgrade in term of branding.

 

I don't think there is any different between jap and kor car in term of branding.

Try ask the Toyota loyalist
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Why I said downgrade, is because relatively due to the the interior space. and of course Jap cars always command a better premium than Korean cars. That's a fact.

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If so easy, don't need to ask here already.

If dun hv $30k spare cash to settle, then why buy a car? Edited by Soya
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If dun hv $30k spare cash to settle, why own a car?

Yawn~. Are there any laws saying that you must have 30k Cash in order to own a car? 

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