Hi all,
I would like to guide you for the installment scheme for this car:-
Selling price: RM11,900.00
1st party insurance + name transfer: RM1,000.00
Total OTR price: RM12,900.00
Loan: RM12,900 (full loan)
Loan interest: 3.5% (direct case interest)
Installment period: 7 years or 84 months
Installment per month: RM191.00 per month
Some ppl say with this installment $, he rather go buy a new car. Now i tell ya...
Car: Perodua Kancil 660 manual basic spec (the cheapest new car in Malaysia)
Total OTR price: RM25,000
Loan: RM25,000 (as if they can provide full loan)
Loan interest: 4.75% (the salesman want to untung finance commissen of RM600, they won't allow u doing direct case)
Installment period: 7 years or 84 months (i know they can provide 9 years, but u have to compare apple to apple mar... then 7 yrs lor)
Installment per month: RM396.58 per month
So, he say just top up another RM250.58 nia he can go for new car adi. Man, my Satria although is an old car, but is a good car still. no neccesary repare required. and Satria is a lot better car (especially got power steering and much wider interior space) compare with Kancil. for sure, most satria spare parts are cheaper than kancil. The new kancil warrantee is up to certain KM only ( i think 5000 km). usually if u really use the car, 1 yr can roll more than 30k km adi.
if u say just top up RM250.58 per month nia, then if u calculate 84 months, RM250.58 will become RM21,048.72. Means, u r paying extra RM21,048.72 to drive an unsafety and lousy car. Have u think about if u wanna sell it after 3 yrs? now i tell ya...
Satria 1996 after 3 yrs from now: RM7,000.00 (u lost RM5900)
Kancil 2006 after 3 yrs from now: RM10,000.00 (u lost RM15000!!)