Originally posted by free4ever:
I guess many are familar with OPC here.
I was thinking that is getting a OPC a good idea. Consider
these:
- What if you dont want to drive it for 10 years.
- What if you can't drive for 10 years (due to some form of
emergency maybe...and you have to sell the car)
Unless you sell it as an OPC, most probably you need to convert
back to normal plate, then you are required to top up the unused
difference of the rebate[b] IN CASH and not in
instalments. This can amount to a considerable amt of money esp if
you sell early.
Also, regarding selling as an OPC, no offense to the owners, maybe
I am bias but i see so many getz, aveo, matrix, picanto, kelisa
owner, but what are the chances that people would buy a five year
old picanto, getz, kelisa on OP plate. So next best alternative is
to scrap and it means that you're still back to topping up the
difference in cash.
Putting aside those who only use a car on the unrestricted
hours(which some of my friends really does), come to think of it,
it might not be worth if you want to balance cost and driving
everyday (to work, school, etc). To me, it does not justify the
inconvenience. Although you might get a car cheap and inevitably
reduces monthly instalments, but problem comes when the above
scenarios enter your decision making consideration, esp the 2nd
one. For example, if for some reason you need cash urgently, you
are coerced not to sell the car because if you sell, it will
deplete you further in monetary terms.
Also, consider this:
If you plan to sell the car in say 5 years, you will probably
realise that you need $8500 to pay back the rebate and to have the
cash to pay back, you either save consistently or pray to strike
4D, Toto, whatever.
To save consistently means you have to put aside a certain amount
each month aside, which dont you think equates to paying a higher
instalment for a normal plate car? On the other hand, a normal car
doesnt inconvenient you to buy and tear coupon for driving on
restricted hours.
So, a savings of $1700 a year plus the road tax of $800 per year,
which you probably dont see the money in exchange for a situation
where further down the road in a few years, you have to take out a
signiciantly few grands to repay back the loan..does it justify for
an OPC? Should one just opt for a normal car instead instead of
OPC?
Just penning some of my thoughts.
Correct me if I am wrong and would appreciate your comments/ views.
[/b]
Thoughts?? Sounds more like frustrated blabberings to
me....Since you make it sound like you'll lose either way, why dun
u just forget about the car then 
!!
