Bonjoey 1st Gear August 13, 2007 Share August 13, 2007 (edited) Hi all ...I am thinking of getting the Suzuki Swift Sport as my first car...am really a noob at this...so can the experienced MCFers, especially the SSS owners enlighten me the monthly expenditure of owning one? OR any 1.6 car for that matter? I am going for the 1.6M from Champion Motors...probably $5k upfront and the rest on 10 year loan....wat other hidden costs? Really thanks a lot to u guys out there! Edited August 13, 2007 by Bonjoey ↡ Advertisement Link to post Share on other sites More sharing options...
Junquan Neutral Newbie August 13, 2007 Share August 13, 2007 (edited) just dont tell people it is the fastest 1.6NA car around. Edited August 13, 2007 by Junquan Link to post Share on other sites More sharing options...
Bonjoey 1st Gear August 13, 2007 Author Share August 13, 2007 (edited) huh? dun tell pple its the fastest 1.6 NA car ard? wat u mean? I dun intend to tell pple tat in the first place[;)] Edited August 13, 2007 by Bonjoey Link to post Share on other sites More sharing options...
Curahee 1st Gear August 13, 2007 Share August 13, 2007 mini cooper cabriolet 1.6, AF 147 should be faster ma Link to post Share on other sites More sharing options...
Junquan Neutral Newbie August 13, 2007 Share August 13, 2007 refer to the liping tread of u dont understand. Link to post Share on other sites More sharing options...
Bonjoey 1st Gear August 13, 2007 Author Share August 13, 2007 haha...ok...i will try to find the thread....thanks... Link to post Share on other sites More sharing options...
Congxdead Clutched August 13, 2007 Share August 13, 2007 i would like to know as well, first car thou. but opc. Link to post Share on other sites More sharing options...
Nkps 1st Gear August 14, 2007 Share August 14, 2007 your $5K upfront means what? does it inclusive your 1st month installment and insurance? Insurance alone will cost you more than $1K already. if possible try to down more and take shorter loan tenure, like maybe 8 yrs instead of 10 years. Link to post Share on other sites More sharing options...
Weixiang_06 Clutched August 14, 2007 Share August 14, 2007 Hi all ...I am thinking of getting the Suzuki Swift Sport as my first car...am really a noob at this...so can the experienced MCFers, especially the SSS owners enlighten me the monthly expenditure of owning one? OR any 1.6 car for that matter? I am going for the 1.6M from Champion Motors...probably $5k upfront and the rest on 10 year loan....wat other hidden costs? Really thanks a lot to u guys out there! if i were you, i would take a shorter loan, and pay more upfront... say a 5-6 loan is the best... max at 7yrs.. dun go anything longer.. coz these days, even MIJ cars are getting from bad to worse... by the time 5-6 yrs, most cars would be developing signs of age and etc.. by then it would be a better choice to sell and top up alittle more and get a brand new ride... getting a 10 yr loan is a NO-NO! mmz.. for your information, my ride was financed for 2 yrs, and come Dec 2007, my ride would be fully paid up Link to post Share on other sites More sharing options...
Weixiang_06 Clutched August 14, 2007 Share August 14, 2007 i would say if you are able to come up with $1.2k easily and comfortably, then by all means own a car.. if you break down the cost of ownership of a normal car, each month would easily cost u $1.2-$1.5k... there is insurance lah, road tax lah, servicing lah, parking lah, erp lah, petrol lah... every !@!@!@!#@#@! that cost $$$$ do you seriously need a ride? for me, i do and the place where i worked in allows me to drive, without paying any ERP and dun need to encounter any jams at all... Link to post Share on other sites More sharing options...
Weixiang_06 Clutched August 14, 2007 Share August 14, 2007 refer to the liping tread of u dont understand. i dun understand... Link to post Share on other sites More sharing options...
Altec Neutral Newbie August 14, 2007 Share August 14, 2007 Hi all ...I am thinking of getting the Suzuki Swift Sport as my first car...am really a noob at this...so can the experienced MCFers, especially the SSS owners enlighten me the monthly expenditure of owning one? OR any 1.6 car for that matter? I am going for the 1.6M from Champion Motors...probably $5k upfront and the rest on 10 year loan....wat other hidden costs? Really thanks a lot to u guys out there! sweet ride.... my gf's cousin also getting 1... not sure he book already anot.... maybe you guyz can go together maybe have better price heh keen pm me... btw sat in a SSS once before it was a friend's bf new ride feel that its pickup faster then my lancer Link to post Share on other sites More sharing options...
Watwheels Supersonic August 14, 2007 Share August 14, 2007 Look for Liping24. Link to post Share on other sites More sharing options...
Passion 5th Gear August 14, 2007 Share August 14, 2007 Don't suicide with 5k upfront and 10 years loan.If possible,save for a few more months to like say 10k upfront.And take lesser loan.maybe 30k loan or something and spread it like say 500 to 700 per month.To your comfortable level.Eating too much into your take home may cause you unable repair the damage if at any point of time,the car got into accident or need parts replacement. Link to post Share on other sites More sharing options...
Relagsingh 4th Gear August 14, 2007 Share August 14, 2007 Hi all ...I am thinking of getting the Suzuki Swift Sport as my first car...am really a noob at this...so can the experienced MCFers, especially the SSS owners enlighten me the monthly expenditure of owning one? OR any 1.6 car for that matter? I am going for the 1.6M from Champion Motors...probably $5k upfront and the rest on 10 year loan....wat other hidden costs? Really thanks a lot to u guys out there! 10yrs..... might as well keep the 5k in your pocket then take full loan. Link to post Share on other sites More sharing options...
Ronnchee Clutched August 14, 2007 Share August 14, 2007 IMO, everyone wont want to pay more interest,if they can afford more down payment, and short term period. However, due to their finance constraints, not everyone can afford that luxury. To me, there is no problem taking a 10 years loan, with min down payment. However, when the owner has some other committment, he/she has lesser $$$ to play around. Again, if $$$ can be invested in some other financial products with higher return, say 20% per annual, then use the $$$ and invest in it and go for ZERO downpayment, since the effective interest for car is abt 18% Link to post Share on other sites More sharing options...
Fingerfood Neutral Newbie August 14, 2007 Share August 14, 2007 Hi all ...I am thinking of getting the Suzuki Swift Sport as my first car...am really a noob at this...so can the experienced MCFers, especially the SSS owners enlighten me the monthly expenditure of owning one? OR any 1.6 car for that matter? I am going for the 1.6M from Champion Motors...probably $5k upfront and the rest on 10 year loan....wat other hidden costs? Really thanks a lot to u guys out there! It seems like you are clueless about personal basic financial management. The cost of car ownership can be easily worked out on a spreadsheet. For current price of SSS, if you downpay 10,000 (excluding insurance), you need to pay monthly instalment of abt $750/mth. Other expenditures include petrol (Ron 98), road tax (957/yr), insurance, servicings, car parking, ERP, etc.. all adds up to more than $1.3k a month. That's about 15.6k per year. And you breakeven at about the 4-5th yr. Not to talk about 5k downpayment and 10years loan. I hope Im wrong but i'm assuming that your pay is barely $3k/mth (gross) and you dun have much savings. You are trying to stretch whatever you have or you can just to own a SSS. Which, frankly, it's suicidal. I urge you to think through your finances carefully and ask yourself if you are ready to pay through your nose for something that just reduce in value everyday... There is no hurry in getting a car unless you really need it for your job. Even so, you should get something more within your means. Car models and designs changes frequently and, trust me, you will be tempted to change car just a 1-2 years down the road. Link to post Share on other sites More sharing options...
Weixiang_06 Clutched August 14, 2007 Share August 14, 2007 well said! Actually one should only start thinking about owning a car when his gross monthly hits 4k... ↡ Advertisement Link to post Share on other sites More sharing options...
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