318i overpriced and underpowered?

[Darryn]

so u are saying you will pay 100% cash upfront rather than an interest free 10 year loan, simply because you feel better about it. cos that's all i gathered from ur response

 

good luck with that mentality, well all i can say is you will be paying a heavy price to feel good

 

to each their own, if you feel better that way then nothing more i can say except that i find that irrational as this is $100k, not just a few thousands

 

wah lau...conflate issues much?

 

1. If can only afford car by using interest free 10 year loan from company then not wise to take the loan. Why? Normally loan would be tied to employment at co - if lose job, must either pay interest or take alternative form of funding, means car not affordable anymore and you in trouble.

 

2. If got $100k only, is wiser to put $50k deposit and finance the balance, keeping $50k in bank in case of unexpected need for cash.

 

Not hard to understand right?

 

If got $100k cash, but can get interest free loan from company of course take ma (assuming no strings attached) - as can pay out loan anytime wish if job goes south

[Canceria]

I guess u have been a lucky fella. Even though i can pay cash for a 335 or M3, i still remember the days when i was taking loan to finance a Jap car. Pple tend to be forgetful. They may make it big now, but they have forgotten about how they struggle to bcome what they are today. Of course, if u were born with silver/gold spoon, then it's a totally different story. Try to recall the days when u have to take public transportation to earn that few miserable thousands a month.

 

very honestly. If i hv cash just enough to pay in full for a 318i, i wont buy a 318i.

 

Pertaining to your question. Max i would go is half equity half debt. Definitely not full debt.

 

most of the time i wont be bothered, just pay cash.

Not just being hypothetical here.

 

[MrFlax]

wah lau...conflate issues much?

 

1. If can only afford car by using interest free 10 year loan from company then not wise to take the loan. Why? Normally loan would be tied to employment at co - if lose job, must either pay interest or take alternative form of funding, means car not affordable anymore and you in trouble.

 

2. If got $100k only, is wiser to put $50k deposit and finance the balance, keeping $50k in bank in case of unexpected need for cash.

 

Not hard to understand right?

 

If got $100k cash, but can get interest free loan from company of course take ma (assuming no strings attached) - as can pay out loan anytime wish if job goes south

 

 

agreed on all counts. 1 & 2 correct, but thats not the scenario i was asking him.

 

my question to him was last scenario.

 

yet he still think otherwise from what you and i have mentioned

[Throttle2]

so u are saying you will pay 100% cash upfront rather than an interest free 10 year loan, simply because you feel better about it. cos that's all i gathered from ur response

 

good luck with that mentality, well all i can say is you will be paying a heavy price to feel good

 

to each their own, if you feel better that way then nothing more i can say except that i find that irrational as this is $100k, not just a few thousands

 

 

Yes, i would pay 100% cash upfront rather than an interest free loan for 10 yrs simply becos i feel better about it. take note, if one only has $100k and uses it up completely for a car, thats silly.

and i repeat if one only has a $100k cash better not buy $100k car.

Thats me.

 

thanks for the well wishes, so far thats how i choose to live by.

 

not trying to haolian but it's all relative, dude.

$100k may be life and death to some but it isnt to others.

 

 

 

 

 

 

 

 

 

 

 

 

[Throttle2]

wah lau...conflate issues much?

 

1. If can only afford car by using interest free 10 year loan from company then not wise to take the loan. Why? Normally loan would be tied to employment at co - if lose job, must either pay interest or take alternative form of funding, means car not affordable anymore and you in trouble.

 

2. If got $100k only, is wiser to put $50k deposit and finance the balance, keeping $50k in bank in case of unexpected need for cash.

 

Not hard to understand right?

 

If got $100k cash, but can get interest free loan from company of course take ma (assuming no strings attached) - as can pay out loan anytime wish if job goes south

 

 

agreed.

 

but what most people do is that with the $100k cash, use for investments , later investment sour, job sour, i see how they sour.

 

thats my point.

[Darryn]

Yes, i would pay 100% cash upfront rather than an interest free loan for 10 yrs simply becos i feel better about it. take note, if one only has $100k and uses it up completely for a car, thats silly.

and i repeat if one only has a $100k cash better not buy $100k car.

Thats me.

 

thanks for the well wishes, so far thats how i choose to live by.

 

not trying to haolian but it's all relative, dude.

$100k may be life and death to some but it isnt to others.

 

Please send my condolences to your daddy. He is sure to be very sad to see the money he has been able to put together for his family pissed away by idiocy

[Throttle2]

I guess u have been a lucky fella. Even though i can pay cash for a 335 or M3, i still remember the days when i was taking loan to finance a Jap car. Pple tend to be forgetful. They may make it big now, but they have forgotten about how they struggle to bcome what they are today. Of course, if u were born with silver/gold spoon, then it's a totally different story. Try to recall the days when u have to take public transportation to earn that few miserable thousands a month.

 

Your words are not meant for me.

 

I have not made it big and I dont think i will ever.

 

Thats why I always advocate not to spend what you think you can earn but earn it first.

 

 

 

 

 

 

 

 

 

 

 

[Leepee]

Maybe can use the new Shell Petrol...good cleaning power.

 

But the beauty of Singapore car ownership is the low mileage and scrapping of the car in 3-5yrs time.

So the issue or problem may not be apparent.

My friend's 320 is the 170hp engine, so far so good with local fuel.

Maybe those who own IS250 can comment.....that is also DI engine.....its on the road for about 3 years now.....if there is problem with the sulphur fuel....there will be people complaining about it by now.

 

 

I don't these car has been on the road that long, so, i have my reservation. In USA, Porsche Cayman wif Direct Injection has issue with intake port choked up. Most of these cars are involved in daily start stop traffic only.

 

[Roh96]

All voice down to individual's risk appetite lah, no right or wrong in taking car loan. If you can generate more returns from cash thru investment or other ways then keep the cash and take loan. Otherwise pay full if you can afford. Simple as that. Taking loan may not always be a bad thing. Of cos there are some who like to pay full for car and then go around telling others. Many kinds of ppl lah.

Edited October 14, 2009 by Roh96

[Throttle2]

Please send my condolences to your daddy. He is sure to be very sad to see the money he has been able to put together for his family pissed away by idiocy

 

Please do leave my Dad out of this.

 

I'm not born with a silver spoon and only bought my first car with my own money when i was about 26.

 

Plse also try to get to know me more before you make such personal statements.

 

 

 

 

 

 

 

 

 

 

 

 

[Throttle2]

All voice down to individual's risk appetite lah, no right or wrong in taking car loan. If you can generate more returns from cash thru investment or other ways then keep the cash and take loan. Otherwise pay full if you can afford. Simple as that. Taking loan may not always be a bad thing. Of cos there are some who like to pay full for car and then go around telling others. Many kinds of ppl lah.

 

 

yah, many kind of people

 

some will slap themselves swollen to show people they are fat.

[Joseph22]

so u are saying you will pay 100% cash upfront rather than an interest free 10 year loan, simply because you feel better about it. cos that's all i gathered from ur response

 

good luck with that mentality, well all i can say is you will be paying a heavy price to feel good

 

to each their own, if you feel better that way then nothing more i can say except that i find that irrational as this is $100k, not just a few thousands

 

I think Throttle is right on this. IF your 10 years interest free loan is from the company. One day your boss dont like you and keep tekaning you. are you going to stay in this place or do you want to move on? what if you are in loan??

 

Or

 

Another company want to hire you and give you a good pay rise but you are still in loan what should you do?

 

Or

 

1 day, your company goes bankrupt and retrench. you are one of them,.. but you need to pay them back the loan too... how are you going to do that??

 

I always believe, other than a study loan which bond you for 3 years max. Never borrow from your employer.

you do not want to work in a situation where you are indebt with them.

of couse the only exception is that you are not productive and you do not want to loss the job.

[MrFlax]

I think Throttle is right on this. IF your 10 years interest free loan is from the company. One day your boss dont like you and keep tekaning you. are you going to stay in this place or do you want to move on? what if you are in loan??

 

Or

 

Another company want to hire you and give you a good pay rise but you are still in loan what should you do?

 

Or

 

1 day, your company goes bankrupt and retrench. you are one of them,.. but you need to pay them back the loan too... how are you going to do that??

 

I always believe, other than a study loan which bond you for 3 years max. Never borrow from your employer.

you do not want to work in a situation where you are indebt with them.

of couse the only exception is that you are not productive and you do not want to loss the job.

 

 

 

simple, take the 10 year interest free loan and put 100k in fixed deposits and earn interest

 

and if one day not happy with the company or kenna retrenach, just liquidate the FD and return to co and leave.

 

 

 

 

[Darryn]

I think Throttle is right on this. IF your 10 years interest free loan is from the company. One day your boss dont like you and keep tekaning you. are you going to stay in this place or do you want to move on? what if you are in loan??

 

Or

 

Another company want to hire you and give you a good pay rise but you are still in loan what should you do?

 

Or

 

1 day, your company goes bankrupt and retrench. you are one of them,.. but you need to pay them back the loan too... how are you going to do that??

 

I always believe, other than a study loan which bond you for 3 years max. Never borrow from your employer.

you do not want to work in a situation where you are indebt with them.

of couse the only exception is that you are not productive and you do not want to loss the job.

 

This is all true - I would never want to be in the situation where something like this was hanging over my head.

 

There would be only two exceptions -

1. if I had the cash in hand already, and was only taking the loan to keep the cash in hand

2. if the agreement was spelt out such that if I leave the company, the "interest free loan" is converted to a "normal" loan with an interest rate comparable to any other bank loan that I would have taken anyway.

 

 

[Curahee]

yah, many kind of people

 

some will slap themselves swollen to show people they are fat.

 

Bro these ppl that like to take many loan r doing the country a gd deed, without them, economy nv move coz we need these ppl to spend as much as possible. They move the economy, while u who different from them prefer to have cash rather den debt, u earn the cash while the get teh debt. Ok what.

[Joseph22]

simple, take the 10 year interest free loan and put 100k in fixed deposits and earn interest

 

and if one day not happy with the company or kenna retrenach, just liquidate the FD and return to co and leave.

 

Have you ever heard of employer of the same industries always ask around when they hire their staff??

[Joseph22]

Bro these ppl that like to take many loan r doing the country a gd deed, without them, economy nv move coz we need these ppl to spend as much as possible. They move the economy, while u who different from them prefer to have cash rather den debt, u earn the cash while the get teh debt. Ok what.

 

Its okay to take loan... but if they take more than they can handle.. they are not doing economy a favour.. instead they are a burdern to the society.

[MrFlax]

Have you ever heard of employer of the same industries always ask around when they hire their staff??

 

 

 

erm yes, and whats that got to do with taking interest free loan??? i dont understand this statement

 

so what if they found out you took interest free loan with previous co? as long as you pay back nothing is wrong, in fact it shows you are prudent and smart with your finances

 

 

the 3 scenarios you mentioned previously are not an issue if you placed the $100k in fixed deposits. anytime can easily pay back and will earn interest