Getting a first car, need advices

[Kensk]

Went again to the AMM last week. Came across a 2.5 year old car, and found the price to be quite reasonable, so did a check with the sales man, and got to know that the car was involvenin an minor accident. Frame and engine of car is intact. And over the years of 2.5 years, 3 transfer done. A respray of the car is done but different from The primary colour.

 

My question is will a STA check tell me if the engine/car is in good condition?

 

And wad are the view of fellow forumer here?

 

Frankly speaking, I was impress that the sale person integrity, and appreciate it. The price of that car is 5k below market price.

It really tempt me to put my name on the paper.

 

You will probably like to spend that 5k more and get a better car. Cost of maintaning problematic cars will eventually catch up to the amount you saved.

Most 2nd hand car I came across have only 1 owner. And this cannot be fake, unlike the milleage.

[Maroon5]

03 transfer means 4 owners..u be the 5th....avoid.

[Helpmeplz]

Lol. Thanks. Perhaps I shall wait for the right one. Thanks everyone. Those are really useful opinion.

[Icebrush79]

Do not listen to your friend.

Pay as much downpayment as you can afford. With zero downpayment, you will not able to break even till you almost scrap your car.

By the 5th year you own the car, most probaly your backside will be itch already.

 

Best is 0% loan... drive only if you can afford it....

 

Taking loans is like deluding yourself that you have surplus... to me at least...

[Moredhel]

Best is 0% loan... drive only if you can afford it....

 

Taking loans is like deluding yourself that you have surplus... to me at least...

 

Have the same view too.

 

Best is full payment. Cars, HDB, etc...

 

But here, how many of us can afford to pay in full for these big ticket Tax items?

[Booboon]

even if you bought a car and your monthly installment is low, don't forget to factor in your insurance

my friend just bought a rx8 recently and his insurance is 7k

if his insurance drops 1k per year, after 5 years he'll be paying over 25k for insurance alone

do your maths properly

 

TS is buying Latio not some sports car lah. How ex can the insurance be?

 

If yr friend can afford RX8 yet kb $7k insurance, then he is better off BMW, Bus, MRT Walk I mean.

 

[Icebrush79]

Have the same view too.

 

Best is full payment. Cars, HDB, etc...

 

But here, how many of us can afford to pay in full for these big ticket Tax items?

 

Housing is quite out of the question for me of course.... But I paid for my car in full.... To me, its a good way to cultivate self discipline... I remembered when I was driving a bread and butter back then, I had friends earning much lesser driving Rexs and Evos.. Was so tempted to throw in the towel and take up loans....

 

But I'm glad i persevered cuz with monthly savings, I managed to set aside funds for investments and house downpayments while paying for my car in full....

 

Actually to be honest... you see many yaya car drivers around because they have the impression that "my car is pricier than yours...so i'm superior.."

 

If only there were compulsory coloured decals on each car seperating the >50% loans kind vs the fully paid cars... let's see how the faces of these self deluded superior drivers will change....

[Mikopeanut]

I just got my license and thinking to get a used 2nd hand car with a budget of 30k.

Don't wish to loan and can anyone help to recommend any auto model.

How much is the insurance for a new driver and any point to note for a new driver/buyer.

Thanks

[Maroon5]

Housing is quite out of the question for me of course.... But I paid for my car in full.... To me, its a good way to cultivate self discipline... I remembered when I was driving a bread and butter back then, I had friends earning much lesser driving Rexs and Evos.. Was so tempted to throw in the towel and take up loans....

 

But I'm glad i persevered cuz with monthly savings, I managed to set aside funds for investments and house downpayments while paying for my car in full....

 

Actually to be honest... you see many yaya car drivers around because they have the impression that "my car is pricier than yours...so i'm superior.."

 

If only there were compulsory coloured decals on each car seperating the >50% loans kind vs the fully paid cars... let's see how the faces of these self deluded superior drivers will change....

 

why get bothered over such thing? in the same logic, i shd scoff at the QQ owner beside me when im taking a cab?

[Maroon5]

anyw since now many pple like to proclaim they pay on cash for their cars, here is my tiny little 2 cents...with int at 1.88% and finance discount for min loans etc, what is wrong with taking some loan for a car? of cos if the cash u are paying only represent 10% of your total liquid assets, this message is not for you, go ahead pay in full. but if you are paying in full depleting 80% of your cash, then wats the deal??

[Robo]

if i were u TS. i will not stretch the loan for 8years. down as much as comfortable. dun bankrupt urself of course.

 

den.. loan like 3-5yrs max.

[Icebrush79]

anyw since now many pple like to proclaim they pay on cash for their cars, here is my tiny little 2 cents...with int at 1.88% and finance discount for min loans etc, what is wrong with taking some loan for a car? of cos if the cash u are paying only represent 10% of your total liquid assets, this message is not for you, go ahead pay in full. but if you are paying in full depleting 80% of your cash, then wats the deal??

 

I agree... depleting 80% of savings is definately a no-no.... you never know when you need extra cash for rainy days.... or if golden investment opportunities present themselves suddenly

 

That has never been my principle too... I

[13177]

Dun buy car w/o any downpayment. and also dun take 10 yr loan! But now buy 2nd hand or new also 'bo hwa', unless u really need a car.

[Genes]

I agree... depleting 80% of savings is definately a no-no.... you never know when you need extra cash for rainy days.... or if golden investment opportunities present themselves suddenly

 

That has never been my principle too... I

[Little_prince]

i remember the first time i see the car...

 

just see sgcarmart price agar agar gum

 

then go down see condition ok... never even test drive... just pay, settle insurance next day took car

 

damm lucky never kena chop carrot... or kena lemon car

 

hahahaha

[13177]

i remember the first time i see the car...

 

just see sgcarmart price agar agar gum

 

then go down see condition ok... never even test drive... just pay, settle insurance next day took car

 

damm lucky never kena chop carrot... or kena lemon car

 

hahahaha

Like tht also can eh? Buying a 2nd hand car, u dun even test drive the car then buy liao?! I only heard before pple buy new car, dun test drive.

[Little_prince]

Like tht also can eh? Buying a 2nd hand car, u dun even test drive the car then buy liao?! I only heard before pple buy new car, dun test drive.

 

ya lor

 

abit luan lai

 

as i said... lucky lor

 

hahaha

[Icebrush79]

wah! beng got a million in liquid assets.. 100k car is minority of your liquid assets..

 

when i grow up, i wanna be just like u~!

 

Wow... tsk tsk... chill.. i'm not that rich... I got my car as a 2nd hand... less the trade in from my previous, my cash outlay is way below 100K...