My situation is such that on average per month, I am currently
spending $300 on public transport and a further $200-400 on car
rental over the weekends. So in total, I am dumping at least $500
on transport alone. I am wondering is it justifiable for me to buy
and own a car???
I've been looking around for a car and narrowed down to both the
Mazda3 and a civic, esp the VTi-S. THe mazda is a beautiful model
which meets the needs of a normal user, while the civic is a
highly-acclaim performance car.
After comparing the prices and weighing the differences, I am
contemplating to buy a used Vti-s. The price of a 1 yr old VTI-s is
around $62k and the monthly repayment for 90% loan works out to be
$660. Plus the fuel (~240), parking (~100), insurance (~100) and
tax (~100), my monthly transport expenses will be around 1200. THis
is $500-700 more than what I spending on transport now, is it
justifiable to waste this additional money? Besides the convenience
that I will get, what additional benefits do I get for owning a
car??
But I heard from this forum that a new series is coming out in
2006. I am wondering if the new series is to come out, will it push
the prices of 2nd hand or used civics further some more???
If so, shd i wait???
I hope to have some valuable advice from experienced ppl
here.
Thanks in advance!
