S$0 drive away is a hugh liability. Like I said, for vios, even
for 2nd hand, you need to cough out about 300-400 extra, assuming
your S$500 cannot be use to cover road tax, insurance and other
extra stuff.
Background info. I think new Vios is about 53k now. 1 year old
about 50k, 2 year old about 48k. Go here http://www.sgcarmart.com/main/listing.php, to check
out the prices.
So assuming 3% interest rate, which is low for second-hand,
reasonable for new car 10 year loan.
53k = 563 monthly
50k = 588 monthly
48k = 744 monthly
It is never sufficient when you count to the exact number. I was
lucky I choosed a car that is 14k below my maximum budget. Else you
will see me eating grass now.
