New Car on the way...

Me & my wife have been aiming for a new car for quite some time although my current 8 years old Iswara Aeroback is still performing up to expectation :) Still traveling almost monthly to my mother-in-law house in Sitiawan without any problem.


So, the decision of upgrading the car is not because the existing car is having problem but we think that it's about time to change :). So, if you all come to this post & interested to purchase a 2nd hand car, feel free to email me :)

Talk about car selection, we are targeting for Japan made car. Although we never drive a foreign made car (Malaysia Boleh!) before but as a common & regular Malaysian, we frequently heard about the comparison result between local & foreign made car. Choosing non-local made car will make your pocket’s hole grow wider, thanks to the hefty import tax imposed.

There are few rules of thumb when deciding your affordability & sustainability prior any car purchase:
1. See how much you have in your bank account J for down payment. Assuming X
2. See how much you can afford to pay for Hire & Purchase Loan installment
*Loan Calculator: http://www.meshio.com/car-loan-calculator/
*Road Tax Infor based on cc: http://www.meshio.com/malaysia-road-tax-rate-and-road-tax-calculator/

Then of course you have to set aside~RM3-5K for your glass to be tinted, accessories such as shades (Not the one you put on your face L :) ), stereo system maybe?

Recently, I am surveying on the best interest rate available for Hire & Purchase deal in various Banks...but the standard answer I get is 3.4% for 6-9 years loan while 3.25% for <5years>.

I am still seatching for the lowest rate as my car will only available by Sept'09...plenty of time to still search around...Let me know if you have better kang tau....heheh..