Saga 92

Everyone says buying second-hand (used) car is not good lar, is not worth it lar, will give more problem than new car lar, and etc etc. I wonder based on what these people having this thought. Probably these people just happen to overhear other more wu-lui (means got money, rich or full-of-cash in Hokkien) one saying, and just being single-cell-brain washed without even thinking about their own situation, financially.

Hey, come on. Those rich one can say that because:

1. s/he earn his/her living by having his/her own business, hence most probably the new vehicle they buying is considered one of his/her expenses item in the tax form.
2. the time s/he spends sending the second-hand vehicle to mechanic is comparable not worth the amount of money s/he gonna earn with same time interval spent.
3. new car, especially luxury one, representing s/he social position despite his/her uncle or ah so (auntie) appearance
   
4. s/he is probably old, ugly and greedy and with no pleasant personality to attract young chick/lad, hence s/he needs something else to do the trick
   
5. s/he is MLM blue diamond agent and definitely need new/luxury car to show to his/her downline how successful s/he is and that's why they should follow him/her and do more sales to make him/her richer
   
6. s/he must drive new/luxury car to his/her million-dollar-membership golf club
7. s/he involves in automobile industry, hence fucking hopes that everyone would buy a new vehicle every fucking year

In Malaysia, it ain't easy to buy a new car. The cheapest car here is like 40k RM? And it is national car? For example, the new Savvy from Proton, is like 44k RM and with NO AIRBAG??!! Airbag is supposed to be the standard accessories in current century but Proton still having the mind set of 18th century which probably go like "no need airbag as long as you are not driving fast lar". Yeah right! And, without question, national car comes without ABS. Then you wonder why Malaysia road accident casualty rate is rising sky-high every year.

Ok, the point is, 40k RM for a not-worth-it new national car in Malaysia is actually considered damn expensive. Let's have some mathematic lesson here:

Say, average Malaysian earning per month = RM 2k
Down payment = RM 5k ( not everyone can give so much of down payment, considering even those fresh grad )
With 9-year car loan at 3% from financial institution, hence get the instalment of,
( 35k * 3% * 9 + 35k ) / ( 9 * 12 ) = RM 411.57 /mth

Can you believe that? Average Malaysian have to allocate 25% of their income every fucking month for feeding banker. Fucking 25%!!! And they need to do that for 9 years !! By the time you finish off the loan term, I wonder how much the vehicle is still going to worth.Of cause you could shorten the loan duration by paying more each month but some how people need to take into consideration of things like cash for emergency, rental, food, transport, insurance and some other expenses as well.

Malaysian have already kind of been used to the fact, I think. However, they should realise that they could actually put their money in BETTER use instead. This is called financial planning. The principle of financial planning is to make your money work for you rather than you work for them. How? Buying used car is one.

There are just so much of advantages of buying a used car, like:

1. Used car is cheaper than new car
   
2. As we know, there's a drop of about 10% in value the time you pay the money for a new car, while there is no such drop in value for used car
3. You can actually own a car without letting any single cent of your money being earned by blood-sucking banker
   
4. Used car is suitable for those car-modify-maniac in which all they want is just a car skeleton
   
5. Used car is perfect for new driver, especially your wife, daughter, mother, grandma, etc who just got their license
   

So, there are SO MANY good reasons in buying a used car. Now tell me, what do you mean my 1992 Proton Saga is not worth 17k? What do you mean by no value and people prefer buying new car? Huh !!??