New car is good, but not the loan thing......lol
Warranty 3 years, loan 5 to 7 years. Like you say after warranty still paying the loan, anything wrong chialat loh.....But then wear and tear items not covered, still got to pay, like your friend tyres.....hhahahhahahah
For gila mod kakis like us, not many new cars will appeal to us if we plan to mod. Now when I look at a lot of new cars, I actually found out that many parts can't be modded anymore. Not to mention insufficient engine bay space for some.
During warranty period, normally things won't break down or what. Still new... Unless the parts are a defect or something. But after the warranty period is where one should start to be worried... Car getting older and many people din't take care of their cars properly...
hoho this is exactly how many of my friends are.... to them, new car = better, to them, no problems for a few years and old car no good~~ i usually advise them to get a 1-2 yr old car if they want something newish and under warranty. you could imagine their faces when i bought a 20 yr old car....
first comes the horror then the shock and awe.
You're a young guy as well? Since your name is 1991. What 20 year old car that you have bought?
Fully agreed man...
There are a lot of youngsters whom dont know how much a bowl of rice cost..
I had saw a lot of these people... buy car just buy.. did not even think of the maintenance cost at all and dump nearly all the salary to installment... this is digging own graveyard...
when economy is good, you able to gamble.. but now... try to go out 2 person enough, see how much the pocket burn off...
When things broke down, suddenly will say things like "waah, why so expensive?"
I foresee in a few more years time, my friends will approach me to ask me about cars when they want to buy any cars. Already got a few asked me about it before and many who don't have a car yet told me that next time if they buy car, sure will come find me first... But sometimes, it is also difficult to explain things to them since they are like totally blank about car technical stuff.
Oi why the sudden pop up of all the 'financial advisors'? Lol
There is no need to be so negative on buying cars la.
The thing is not all fresh graduates have interest in 'knowing your car's basic and maintenance' mah haha. So for those who had totally zero interest in car's knowledge may opt for buying new cars since new cars will most probably require less time at the workshop, less time to source for spare parts and of course less headache lol. Don't flame me ya. Cabutz.:vroam:
But i do agree that fresh graduates should spend their salary on car loan wisely though. With 2k plus salary, monthly car loan commitment should be confined to 30 percent or less of take home salary in order to have some saving at the end of the month lol. But on the bright side, salary will increase parallel with year of service so i'll say it is still up to each and everyone's financial preference.
This is one reason that I always tell my friends that owning a car is not so easy. I said cars are not like your electronic stuff like phone or computer where you just buy, plug in electricity and use it until it breaks down then change. I said cars is not just about drive, refill petrol and drive again. Need to consider many things and costs. Also need to observe and monitor any symptoms or signs yourself.