Wow......saw on the web sgcarmart that a 3 yrs old plus Celica
cost 71k! That's pretty expensive still. Hmmmm....... maybe i was
wrong, or then maybe, the price can be negotiate further still, esp
its already 2 owners. I believe you can get a better price than
that, esp if those having parf 65% of OMV. Maybe a 2 yr old Celica
will be cheaper cos of lower Parf.
Nevertheless, Rumie, I believe with your budget, you can only go
for a SS1 instead of SS2. But then, how much are you downpaying? 0%
is quite impossible. Maybe lets take it as 10k downpayment,
excluding insurance and rd tax etc.
To work out your sum, lets say a 3 yrs old Celica SS1 cost 70k
(est. from the car in the web), so after 10k downpayment, you loan
abt 60k for 7 yrs. So your interest will be S$1620 a yr (based on
2.7% for 2nd hand car), and a total of S$11340. Your total loan is
11340+60000 = 71340 ........ yrly will be 71340/7 = S$10191, and a
mnthly of 10191/12 = S$850/- .
So thats roughly what you pay per mnth for installment only. Of
cause, after 7 yrs, when you scrap your car, you will get back abt
20k. So your depreciation per yr is abt S$7.1-7.2k.
But I have to remind you that your insurance will be very very
expensive. Hope my calculation helps.
