Lala81 Hypersonic November 23, 2012 Share November 23, 2012 Hiace van no cheep also le... 110k yeah my FIL driving a hiace for his business. But now semi-retired. When his van COE finish, doubt he can pay for a new van. ↡ Advertisement Link to post Share on other sites More sharing options...
Blackyv Turbocharged November 23, 2012 Share November 23, 2012 my approach is simple, i decide not base on car selling price but rental price approach... im currently renting a latio at $1200/mth (7yrs) + $600(3yrs) the contract is 10yrs.... so, if i want to re-contract early for a new Altis for example at $1500/mth(10yrs) or $1800/mth (7yrs) + $600(3yrs), i wont bite......... how much i'm willing to pay per mth will have to wait till the end of my current contract... but as of now, i'm not willing to pay so much more per mth just for the new car smell... Link to post Share on other sites More sharing options...
Tohto Hypersonic November 23, 2012 Share November 23, 2012 Now eyeing on the new Sportage Get the turbo diesel model Link to post Share on other sites More sharing options...
Deckbuild 6th Gear November 23, 2012 Share November 23, 2012 Get the turbo diesel model Can pump MY diesel bo? I go Msia so often... Link to post Share on other sites More sharing options...
Bomby929 1st Gear November 23, 2012 Share November 23, 2012 (edited) Most people don't really care about depreciation as it is inevitable....what they are most concerned is the price of car, how much i pay every month, petrol consumption and sometimes resale value... Btw to get a depreciation of <=$7500 a year is consider good liao... Young couples normally stretch a little too much if just started family and have car.... If 7,500 is the depre for the entire car.. yes I agree its good. But your 7,500 is depre for the COE only. Say a Altis OMV at 15,000 COE say 75,000 Sold at 120K now (for example) Let say you drive the car for 10 yrs. loan 100K (20K down) End of the 10th year, you will get parf 50% == 7,500. Loan interest at 1.88% period 10 yr == interest == 18,800. Total repayable loan = 118,800. Total payable after parf = 118,800 - 7,500 = 111,300. Depr is at 11,130 per year! Also not forgetting the 20K down. Total car ownership is $131,300. depr goes up to $13,130. This means that effectively the monthly repayment is like car rental. Edited November 23, 2012 by Bomby929 Link to post Share on other sites More sharing options...
Stratovarius Turbocharged November 23, 2012 Share November 23, 2012 It is not that people are rich to buy cars.... For lst time buyer yes they have some cash but majority are existing car owners. A breakdown - If you trade in your old car e.g. for $50k. This will offset the selling price of the new car so remaining cost you will need to get a loan. So for a VW Jetta - $150k - $50k, have to loan additional $100k and if spread out over 10 years each month need to pay installment $1100+, wife and husband each 50/50. Petrol wont use too much if drive to work and after work fetch wife/kids go home. Maintaineance wise service every 10,000k which is around 6 months for $300 average. It is still affordable but provided wife and husband share cost and maintain the car properly. From what I know this is how most people (at least people i know) do it... I won't share the cost of car ownership with my wife coz if she has a share in the car, i cannnot zhng the car as i like. Looking at new car prices now. Unless you are really well off, maybe a disposable income of 8k or more per month and spending 2k per month on car will not affect your current lifestyle, you can get a new car. Right now, new car prices is not economically sound for me. W/o the $7.5k COE depri per year, I can go for a good holiday for 2 every year. Link to post Share on other sites More sharing options...
Higherflux Neutral Newbie November 23, 2012 Share November 23, 2012 (edited) For a $180k new Camry, I would be more tempted to look at a 2-3 year old E200/E250... Edited November 23, 2012 by Higherflux Link to post Share on other sites More sharing options...
Camrysfa Turbocharged November 23, 2012 Share November 23, 2012 You should salute those who buy Cat A (Jap) now... Plenty of Cat B new cars around... err...wats wrong to buy Cat A ( Jap or MIK ) now? buying BMW or Mercedes now means higher outlay and higher monthly running cost for sure. how about show some numbers: If Cat A ( Jap or MIK brand ) .... deprec per is xxx If BMW/Mercedes ...... deprec per yr is xxx If the numbers are close then it makes sense...... Link to post Share on other sites More sharing options...
Dechachng Neutral Newbie November 23, 2012 Share November 23, 2012 (edited) Double post... Edited November 23, 2012 by Dechachng Link to post Share on other sites More sharing options...
Jordanplus 1st Gear November 23, 2012 Share November 23, 2012 If 7,500 is the depre for the entire car.. yes I agree its good. But your 7,500 is depre for the COE only. Say a Altis OMV at 15,000 COE say 75,000 Sold at 120K now (for example) Let say you drive the car for 10 yrs. loan 100K (20K down) End of the 10th year, you will get parf 50% == 7,500. Loan interest at 1.88% period 10 yr == interest == 18,800. Total repayable loan = 118,800. Total payable after parf = 118,800 - 7,500 = 111,300. Depr is at 11,130 per year! Also not forgetting the 20K down. Total car ownership is $131,300. depr goes up to $13,130. This means that effectively the monthly repayment is like car rental. rental car don't need to pay road tax, insurance and wear & tear maintenance. Link to post Share on other sites More sharing options...
Zogel Clutched November 23, 2012 Share November 23, 2012 err...wats wrong to buy Cat A ( Jap or MIK ) now? buying BMW or Mercedes now means higher outlay and higher monthly running cost for sure. how about show some numbers: If Cat A ( Jap or MIK brand ) .... deprec per is xxx If BMW/Mercedes ...... deprec per yr is xxx If the numbers are close then it makes sense...... There is still come diff between the premium conti n jap cars. But if u take vw passat n Camry (both similar size car), the dep cost per year is very similar after u take into account the running costs. Link to post Share on other sites More sharing options...
Sosaria Twincharged November 23, 2012 Share November 23, 2012 Is it true that VW cars are still plagued by DSG gearbox problems?? Was advised against this make, and would like to find out more, beside relying on internet search. Link to post Share on other sites More sharing options...
Sosaria Twincharged November 23, 2012 Share November 23, 2012 I won't share the cost of car ownership with my wife coz if she has a share in the car, i cannnot zhng the car as i like. Looking at new car prices now. Unless you are really well off, maybe a disposable income of 8k or more per month and spending 2k per month on car will not affect your current lifestyle, you can get a new car. Right now, new car prices is not economically sound for me. W/o the $7.5k COE depri per year, I can go for a good holiday for 2 every year. After paying the monthly... not much left over to zhng... [knife] No choice, in today's environment, need dual-income (have to rope in the wifey too) to afford car and kids! Link to post Share on other sites More sharing options...
Tigershark1976 Turbocharged November 23, 2012 Share November 23, 2012 then u go buy van lo got most space i wanted to suggest lorry..... [laugh] Link to post Share on other sites More sharing options...
Kopites Supersonic November 23, 2012 Share November 23, 2012 Hop over here to ask a general question. Is there any penalty for early redemption of loan? Let say the penalty calculate base on the principle amount rather the outstanding amount at the date of redemption. The back i am refering is HSBC auto loan. Thanks in advance. Link to post Share on other sites More sharing options...
Dechachng Neutral Newbie November 23, 2012 Share November 23, 2012 i wanted to suggest lorry..... [laugh] Don't waste time on these people... Link to post Share on other sites More sharing options...
Kelfinity 1st Gear November 23, 2012 Share November 23, 2012 Hop over here to ask a general question. Is there any penalty for early redemption of loan? Let say the penalty calculate base on the principle amount rather the outstanding amount at the date of redemption. The back i am refering is HSBC auto loan. Thanks in advance. Its the norm. Link to post Share on other sites More sharing options...
MadDog70 2nd Gear November 23, 2012 Share November 23, 2012 no doubt maybe a few hundred $$ more, BMW( bring to motor workshop) work shop bills not doubt under warranty will kill you. my friend BMW 523 2008 model, milage 48k, regularly service by agent. gearbox repair quoted by performance 11 k. you can afford the installment but not the maintenance. If you are a salary worker without much savings, it is still better to stick to japanese. What about 2010 onwards model for BMW? Do they have the same maintenance cost? ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Singapore Property Scene Discussion
Singapore Property Scene Discussion
Xiaomi EV is Coming
Xiaomi EV is Coming
Used Car Dealers Feedback (Part 2)!
Used Car Dealers Feedback (Part 2)!
New Age Polish --> Chevrolet Portfolio
New Age Polish --> Chevrolet Portfolio
Anyone heard of this workshop "Optima Werkz" ?
Anyone heard of this workshop "Optima Werkz" ?
Age Like Old Wine or Milk Till The Last Drop
Age Like Old Wine or Milk Till The Last Drop
COE Bidding – Mar 2025
COE Bidding – Mar 2025
How to post a topic in general car discussion!???
How to post a topic in general car discussion!???