kingkongikiss
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Not so.. u really neeed to standby another 40% for repair etc
If u know about cars should be no issue~$100k should be saveable between now & the end of your current ride's COE lifespan?
Even more manageable if you factor in "minimum loan" that dealers usually require.
Used cars are potentially a bigger hit & miss. More likely to face problems, especially for 8-year old cars.
Hey guys,
Came across this article that mentioned that it is advisable to buy a 8 year old car instead of a brand new or relatively young car and I think it actually suits my situation pretty well.
I am interested to see your opinions to this.
http://sgcardepre.com/wisdom/why-i-started-buying-8-year-old-cars/
In summary, buying a 8 year old car have the advantages below:
1. You know how much you are going to lose
2. You can afford to not take loan (or too much loan)
3. You can change car every two years (in the event of you constantly buy and sell a brand new car, you lose more in comparison)
4.you can save on cosmetic damages (since you are selling it in 2 years)
My short background:
Doing sales job that needs a car. Travelling to jb 2 to 3 times a week.
Preparing to get married in 2 years.
Owning a 2008 civic. (need to find a replacement car soon)
The reason of me considering option is that in any case that I make a career change, I do not need to worry about the 10 years installment if I buy a new car.
Also since I plan to get married in two years time, I will need a relatively big pot of cash, can't afford to use it all on my car downpayment.
All in all, do you guys think it is a wise or partially wise option for my situation or for going adults in general?
Where got people prefer old car to new car ? lol.On my second 9 yr old car already.
See what u prefer
some may like new car, while some prefer old car.
Where got people prefer old car to new car ? lol.