Well i bought a new car 10 months ago....
now paying 630/month for 8 years, 8k down payment
your insurance will be abt 2k without NCD, road tax also need to
take into consideration and petrol as well and parking
Petrol and parking are especially high. Consider this, you go town,
need to find parking, on weekends usually is $4~5++ whole day or
for 4~5 hrs. If public transport, no such cost.
Also depends on further plans. If you wish to continue to own car,
better to buy new one or those after 2nd Q 2005 resale car. If
intend drive till car "life" is up, then can buy 2nd hand with that
amount of "life" left. depreciation is lower, due to lower COE. but
hard to find 2nd Q 2005 resale car
