daffodilistic 1st Gear January 18 Share January 18 (edited) On 1/18/2024 at 8:29 AM, Volvobrick said: There are basically 2 types of buyers. First are the P and L type, second group cares only about monthly cash flow. No need to guess which group has ample cash reserves and which group includes hand-to-mouth ones. The logic here doesn't make sense to me. People want to nickel and dime a depreciating asset? If I really want to nickel and dime my car I might as well drive PHV! 🤣 I assume MCF forumers all buy cars with >150k cash upfront and no loans one 😁 Edited January 18 by daffodilistic ↡ Advertisement Link to post Share on other sites More sharing options...
Mkl22 Twincharged January 18 Share January 18 On 1/18/2024 at 8:53 AM, daffodilistic said: The logic here doesn't make sense to me. People want to nickel and dime a depreciating asset? If I really want to nickel and dime my car I might as well drive PHV! 🤣 I assume MCF forumers all buy cars with >150k cash upfront and no loans one 😁 It’s about being prudent. I’m old school like some here too. im sure coe prices won’t be that high if loans were curtailed! 4 Link to post Share on other sites More sharing options...
ccc888 4th Gear January 18 Share January 18 On 1/18/2024 at 7:43 AM, daffodilistic said: Personally I don't understand why most people care so much for depre, remaining PARF value, etc. It's a sunken cost already from the moment you PayNow the dealer, so shouldn't the focus be on the monthly loan payment and maintenance costs like petrol, wash, etc? Yes mthly installment (cashflow) is important but if take max loan 10years phv…..be prepared to top up cash if they wana give up their car before 10yr mark. 2 Link to post Share on other sites More sharing options...
ccc888 4th Gear January 18 Share January 18 On 1/18/2024 at 8:53 AM, daffodilistic said: The logic here doesn't make sense to me. People want to nickel and dime a depreciating asset? If I really want to nickel and dime my car I might as well drive PHV! 🤣 I assume MCF forumers all buy cars with >150k cash upfront and no loans one 😁 Those who change cars frequently usually no loan else double slap by rule 78 and admin fees lol. unless special deal like 2-3years loan tenure with upfront rebates lor. 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic January 18 Share January 18 On 1/18/2024 at 8:53 AM, daffodilistic said: The logic here doesn't make sense to me. People want to nickel and dime a depreciating asset? If I really want to nickel and dime my car I might as well drive PHV! 🤣 I assume MCF forumers all buy cars with >150k cash upfront and no loans one 😁 I guess it is personal habit to know the numbers big or small. Only my first car had a 2 year loan when first started working. Since then, cheap cars or less cheap ones, no loans for me. If dealer say must take loan if not price more, I just walk away. Told myself if can't afford to pay cash for a car means I can't afford it. Link to post Share on other sites More sharing options...
ccc888 4th Gear January 18 Share January 18 On 1/18/2024 at 5:48 PM, Volvobrick said: I guess it is personal habit to know the numbers big or small. Only my first car had a 2 year loan when first started working. Since then, cheap cars or less cheap ones, no loans for me. If dealer say must take loan if not price more, I just walk away. Told myself if can't afford to pay cash for a car means I can't afford it. My 1st car gong gong take 7yr loan and when i wana change car then i am awaken lol. Since then, i also try not to take loan. Some ADs OK with 2-3 years loan and their upfront financial rebates can more or less cover the total interest incurred. 1 Link to post Share on other sites More sharing options...
Lala81 Hypersonic January 18 Share January 18 (edited) On 1/12/2024 at 12:46 PM, Mkl22 said: It’s Mazda that is the problem. Buy toyota much more reliable. My friend bought a 2nd hand camry like 2 years ago. Just below 5 year old car. Kana overheating. Ha I'm quite surprised actually. Edited January 18 by Lala81 1 Link to post Share on other sites More sharing options...
Lala81 Hypersonic January 18 Share January 18 On 1/18/2024 at 8:29 AM, Volvobrick said: There are basically 2 types of buyers. First are the P and L type, second group cares only about monthly cash flow. No need to guess which group has ample cash reserves and which group includes hand-to-mouth ones. Yeah honestly I don't even think about how much the monthly expenses are. Its like when you first set up a business. Cash flow per month is life blood. Every month look at when can break even. Years down the road, cash flow and operating expense is liddat lor. Boss still ngiao you on operating expense... And usually you just roll eyeballs when they do so. 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic January 18 Share January 18 On 1/18/2024 at 6:19 PM, Lala81 said: My friend bought a 2nd hand camry like 2 years ago. Just below 5 year old car. Kana overheating. Ha I'm quite surprised actually. Actually overheating issue very easy to solve. Usually thermostat or fan not working. Even pump also not to ex to replace. Unless owner let it overheat till engine block warped. 4 Link to post Share on other sites More sharing options...
Kklee 6th Gear March 25 Share March 25 On 1/18/2024 at 7:39 PM, Volvobrick said: Actually overheating issue very easy to solve. Usually thermostat or fan not working. Even pump also not to ex to replace. Unless owner let it overheat till engine block warped. IMHO. My experience with overheating is microsopic radiator leaks after timing belt change. Good to use premixed coolant. 1 Link to post Share on other sites More sharing options...
Sosaria Twincharged March 27 Share March 27 (edited) On 1/18/2024 at 8:29 AM, Volvobrick said: There are basically 2 types of buyers. First are the P and L type, second group cares only about monthly cash flow. No need to guess which group has ample cash reserves and which group includes hand-to-mouth ones. Not so much P and L thinking for me, because, well, buying a car here in SG is pretty much a loss-making venture anyway. No way you can make it a "profit" unless you turn it into a PHV or COE and car prices rise sharply after your purchase. Interestingly I can sell my car on 2nd hand market now at roughly the same price as I bought it new from AD 5 years ago. And all because of the present sky-high COE. Which means if i don't buy a replacement new car, I have virtually got my present car for almost FOC 5 years ago. Think of the monthly cash flow as a rental and compare it with the cost of renting the same car. If for some unfortunate reason you can no longer pay the instalment then the car can be easily disposed off. It has a certain amount of "liquidity" in that sense. Edited March 27 by Sosaria 1 Link to post Share on other sites More sharing options...
Spidey10 Supercharged March 27 Share March 27 On 3/27/2024 at 10:23 PM, Sosaria said: Not so much P and L thinking for me, because, well, buying a car here in SG is pretty much a loss-making venture anyway. No way you can make it a "profit" unless you turn it into a PHV or COE and car prices rise sharply after your purchase. Interestingly I can sell my car on 2nd hand market now at roughly the same price as I bought it new from AD 5 years ago. And all because of the present sky-high COE. Which means if i don't buy a replacement new car, I have virtually got my present car for almost FOC 5 years ago. Think of the monthly cash flow as a rental and compare it with the cost of renting the same car. If for some unfortunate reason you can no longer pay the instalment then the car can be easily disposed off. It has a certain amount of "liquidity" in that sense. interestingly that was my thots as well when i got my Jazz in 2008 at rock bottom COE price..and drove for 2 yrs and still make a small "profit". However, as you said, if you don't intend to get a replacement car, no way you will be able to hang on to the "profit". Unless you have multiple cars and buy cars like change dress....haaha in the end, as long as we are driving and need a car.....the market will "correct" itself and our "profit" will eventually be absorbed back into the market....the market is always the winner, in this case, the G lah....ahhhahahah Enjoy our weekend bro.... 2 Link to post Share on other sites More sharing options...
inlinesix Hypersonic March 28 Share March 28 On 3/27/2024 at 10:23 PM, Sosaria said: Not so much P and L thinking for me, because, well, buying a car here in SG is pretty much a loss-making venture anyway. No way you can make it a "profit" unless you turn it into a PHV or COE and car prices rise sharply after your purchase. Interestingly I can sell my car on 2nd hand market now at roughly the same price as I bought it new from AD 5 years ago. And all because of the present sky-high COE. Which means if i don't buy a replacement new car, I have virtually got my present car for almost FOC 5 years ago. Think of the monthly cash flow as a rental and compare it with the cost of renting the same car. If for some unfortunate reason you can no longer pay the instalment then the car can be easily disposed off. It has a certain amount of "liquidity" in that sense. On 3/28/2024 at 7:50 AM, Spidey10 said: interestingly that was my thots as well when i got my Jazz in 2008 at rock bottom COE price..and drove for 2 yrs and still make a small "profit". However, as you said, if you don't intend to get a replacement car, no way you will be able to hang on to the "profit". Unless you have multiple cars and buy cars like change dress....haaha in the end, as long as we are driving and need a car.....the market will "correct" itself and our "profit" will eventually be absorbed back into the market....the market is always the winner, in this case, the G lah....ahhhahahah Enjoy our weekend bro.... My friend sold his used Altis 10 years ago at the same price he bought. Moved to Jakarta for work. 🤭 1 Link to post Share on other sites More sharing options...
jcmm 5th Gear March 28 Share March 28 On 3/28/2024 at 9:25 AM, inlinesix said: My friend sold his used Altis 10 years ago at the same price he bought. Moved to Jakarta for work. 🤭 I sold my civic and bought a brand new Fortuner when I was based and worked in BKK yrs ago Coming back to SG, have to get use to paying high for a smaller car. 2 Link to post Share on other sites More sharing options...
inlinesix Hypersonic March 28 Share March 28 On 3/28/2024 at 9:40 AM, jcmm said: I sold my civic and bought a brand new Fortuner when I was based and worked in BKK yrs ago Coming back to SG, have to get use to paying high for a smaller car. Should have bought Hilux🤭 Link to post Share on other sites More sharing options...
-zion88- 4th Gear March 28 Share March 28 If your car is fully paid, and the value of the car appreciated (to a higher depreciation), you can trade your car to another with a lower depreciation and wait for the market to correct itself. Link to post Share on other sites More sharing options...
Spidey10 Supercharged March 28 Share March 28 On 3/28/2024 at 9:25 AM, inlinesix said: My friend sold his used Altis 10 years ago at the same price he bought. Moved to Jakarta for work. 🤭 free transport for 10 yrs....well done!! Link to post Share on other sites More sharing options...
Spidey10 Supercharged March 28 Share March 28 On 3/28/2024 at 9:52 AM, -zion88- said: If your car is fully paid, and the value of the car appreciated (to a higher depreciation), you can trade your car to another with a lower depreciation and wait for the market to correct itself. thats what i did as well in 2012 ....sold my wish and bought a 2nd hand Grandis....wish was sold higher than the price i bought... drove grandis till scrap and then all the savings and "profits" from Jazz and Wish all used up to pay for my current ride.... Now in my 8th yr....another 2 yrs to crack my head what car to get or just renew... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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