I'm deciding buying a honda fit opc. How much do I need to set
aside monthly?? I'm over 26 years, guess insurance will not be high
right? can someone advise me?
Hi... I am calculating based on the Honda Jazz 1.3M from
Kah Motor. If you are buying the Honda Fit from parallel importers,
the price will vary from one importer to another so I'm not sure
about the pricing. As for Honda Jazz 1.3M, it currently
retails at $58,200. More prices for other variants (eg: 1.5L
version) are available at
http://www.sgcarmart.com/new_cars/newcars_AD_pricelist.php?DID=13.
More Honda Fit car prices from parallel importers can be
found at
http://www.sgcarmart.com/new_cars/newcars_overview.php?CarCode=10503.
Because you are opting for OPC, there will be a $17,000 rebate
off the car price. There will also be an annual rebate of
around $700 (I think.. it depends) off your car road tax.
Insurance premium will also be lowered compared to normal cars. As
the exact premium, you have to check it out from the agent.
At a market interest rate of 2.5% and assuming u take full
loan for 10 years, the selling price of the car is around
$41,200 and the minimum monthly instalments is around $430.
Interest rate will also differ from agent to agent. I use 2.5% for
computation purposes.
Hope this helps.