Is it the time to buy my own Brand new Car?

[rock2death]

Hello mga sir, bago lang po ako dito and totally newbee po sa Car. Hingi sana ako advise sa inyo kung sapat na kaya yung income namin sa business para bumili ng car?

So 26 year old na po kami mag-asawa at my business, 2 years married but no baby yet. Laki din kami sa hirap pareho at nag sumikap para mag ka roon ng sariling negosyo kaya kung mayroon man kaming pag-gagamitan ng pera ay iniisip muna namin mabuti o nanghihingi ng advise sa ibang tao kung tama ba ang gagawin namin. We are planning to buy car next year sana but we are getting paranoid because of excise tax next year and the next two years. Ang net income namin sa business namin ay 120k to 150k a month. Plan na din namin mag baby this next year.

So hingi sana ako advise sa mga kuya ko dyan na mas may experience sa buhay, i do not want to regret later na kung bakit kumuha ako ng car na worth 1.5m, nga pala ang car na balak namin ay Mazda CX-5 FWD Pro at balak sana namin ay installment lang. So mga 10 to 15 years ba ang lifespan ng car? Ano ba ang tamang estado sa buhay para kumuha ng 1.5m car? Maraming Salamat po mga kuya!

[GTcervan]

If you are going to buy na sir, go ahead kasi nga mas tataas na ang prices due to excise tax and you might regret buying one pag that time ka lang bibili kasi di mo nakuha nang mas mura ang nabili mo.

Btw, mazda cx5 lang choice mo?

[Vodka]

my family's net income is about 180k a month but we'll just be buying the cheapest variant ecosport or honda city

car is just a money black hole. no need to buy more than what you need. just save the money or invest or use it for business expansion etc

[dreamur]

Is P120K to P150K after cost of living (utilities, groceries, rent, etc.)? A P1.5M car loan at 20% equity would require a monthly amort of at least P20K. Take note that you need to continue capitalizing your business, too.

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[rock2death]

If you are going to buy na sir, go ahead kasi nga mas tataas na ang prices due to excise tax and you might regret buying one pag that time ka lang bibili kasi di mo nakuha nang mas mura ang nabili mo.

Btw, mazda cx5 lang choice mo?

At first Hyundai Tucson 2017 but dami ko nakita review sa dalawa at mukhang mas good choice ang CX5, Any other car you can recommend sir?

my family's net income is about 180k a month but we'll just be buying the cheapest variant ecosport or honda city

car is just a money black hole. no need to buy more than what you need. just save the money or invest or use it for business expansion etc

Ang gusto ko lang sana talaga is around 800k like vios or city pero ang sabi ni misis yung SUV na daw para Family Car mas malaki at gagamitin na naman namin for like maybe 10 to 15 years.

Is P120K to P150K after cost of living (utilities, groceries, rent, etc.)? A P1.5M car loan at 20% equity would require a monthly amort of at least P20K. Take note that you need to continue capitalizing your business, too.

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Yes sir bali Net na po yan pumapasok sa bank account namin monthly, naka less na po cost of living. Yes sir bali expected ko na po 20k+ a monthly amortization niya.

[ZkiZZoiD]

Boss out topic lang, ano family business niyo? 😐

[GTcervan]

At first Hyundai Tucson 2017 but dami ko nakita review sa dalawa at mukhang mas good choice ang CX5, Any other car you can recommend sir?



Ang gusto ko lang sana talaga is around 800k like vios or city pero ang sabi ni misis yung SUV na daw para Family Car mas malaki at gagamitin na naman namin for like maybe 10 to 15 years.




Yes sir bali Net na po yan pumapasok sa bank account namin monthly, naka less na po cost of living. Yes sir bali expected ko na po 20k+ a monthly amortization niya.

Kung family car lang naman and you want to keep it for a decade, then i would suggest getting the new innova sir. Mas malaki naman than the usual sedans. Either the 2.8 e or g. Kung m/t or a/t, it depends sayo. Ang price range niya is around 1.2m to 1.4m.

[dreamur]

Yes sir bali Net na po yan pumapasok sa bank account namin monthly, naka less na po cost of living. Yes sir bali expected ko na po 20k+ a monthly amortization niya.

Consider the monthly gasoline expenses, annual registration and comprehensive insurance and your projected monthly savings and any investment plans. Use a spreadsheet to plug your monthly net income and expense and if you still have a balance of at least P25K for discretionary spending (shopping, dining out, entertainment, etc.), then go for it.

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[dr. d]

Hello mga sir, bago lang po ako dito and totally newbee po sa Car. Hingi sana ako advise sa inyo kung sapat na kaya yung income namin sa business para bumili ng car?

So 26 year old na po kami mag-asawa at my business, 2 years married but no baby yet. Laki din kami sa hirap pareho at nag sumikap para mag ka roon ng sariling negosyo kaya kung mayroon man kaming pag-gagamitan ng pera ay iniisip muna namin mabuti o nanghihingi ng advise sa ibang tao kung tama ba ang gagawin namin. We are planning to buy car next year sana but we are getting paranoid because of excise tax next year and the next two years. Ang net income namin sa business namin ay 120k to 150k a month. Plan na din namin mag baby this next year.

So hingi sana ako advise sa mga kuya ko dyan na mas may experience sa buhay, i do not want to regret later na kung bakit kumuha ako ng car na worth 1.5m, nga pala ang car na balak namin ay Mazda CX-5 FWD Pro at balak sana namin ay installment lang. So mga 10 to 15 years ba ang lifespan ng car? Ano ba ang tamang estado sa buhay para kumuha ng 1.5m car? Maraming Salamat po mga kuya!

get an innova.
it'll last over 10 years, with little or no problems. mine is over 12 years old.
and you'll thank the car later for its space, when the baby is born. you can fit in it the yaya, the baby, the stroller and accessories, and the kitchen sink.
and if it's a diesel, your fuel expenses will be less than if you had gotten a gas model.

lah lah ruy... la la ruy la ruy...!

[jut703]

With 120k disposable income monthly, I would assume you have about 30k to spare for the amortization, fuel, insurance, and all other related expenses to car ownership.

Many people are able to fulfill their loans with much lower incomes, so unless you have a lot of expenses, it seems to be an easy decision. Try following dreamur's advice of plotting down your expenses to see how much extra money you really have per month.

The discussion on what car to get is a separate topic altogether, something you can finalize once you've settled whether you can afford a car or not.

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[Walter]

Buy the most basic car that has good resale value ... save money for future business expansion or opportunities ... wife probably wants to buy a Mazda CX-5 to impress people ... if you want to be practical, the better choice would be a Toyota Innova ... A Honda City and Toyota Vios are also good family cars ... plus there are only two of you ... a car can last for 10 years with proper care but expect about 7-8 years of good use before the maintenance starts costing more ...

[sean-archer]

Basta bumalik sayo ang investment mo for the car, not necessarily monetary ang pagbalik, like comfort and safety, improved productivity relating to business and yung ma-sasave mong time kase mobile ka etc.

[Vodka]

Buy the most basic car that has good resale value ... save money for future business expansion or opportunities ... wife probably wants to buy a Mazda CX-5 to impress people ... if you want to be practical, the better choice would be a Toyota Innova ... A Honda City and Toyota Vios are also good family cars ... plus there are only two of you ... a car can last for 10 years with proper care but expect about 7-8 years of good use before the maintenance starts costing more ...

tama. if the wife has a tendency to show off then it's gotta be suppressed it's better to have big fat time deposit accounts and lots of real estate assets than to have a flashy car

[poweruser]

I would suggest that you buy a used car. Not only because it's cheaper but also because you won't get hit by depreciation as much. It's a much better investment

If reliability is what you're after, It's actually possible to buy a 1-3 year old used car. A 3 year old car is practically good as new mechanically speaking. You'd be surprised how much cheaper they are compared to brand new cars. A 2 year old vios can be had for around 450-500k. A brand new unit costs about 800k+. A brand new car loses up to 30% of its value as soon as you buy it. If you buy a new-ish 2nd hand car, you won't be paying for that initial depreciation. The first owner will.

For example a 2010 vios still costs around 300k.
So If you buy a 2ND HAND 2 year old vios use it for 5 years, you'll lose about 100k in depreciation
If you buy a brand new vios and use it for 5 years, you'll lose about 500k by the time you want to sell the car

You can even lessen the effects of depreciation if you buy a slightly older car. If you buy a 2010 vios and sell it after 5 years, you'll lose less than 80k. The older the car, the slower the depreciation

[dcvingkamotekid]

tama sila pero kung ako tatanungin sir, iipon muna ako ng pang-DP for 30-50% then loan the car sa bank for 2-3 years, that way mas mababa ang interest at mas mabilis matapos ang car loan mo. downside lang is you get to pay more kasi the lesser months you pay, the higher the amount monthly pero the lower interest rates. at the end of the day, it is still your call pero i would say a Mitsu Mirage Hatch or G4 is a good choice for everyday/city driving lang except for the "makalampag at malambot na springs sa rear"

[jeankri]

Hello mga sir, bago lang po ako dito and totally newbee po sa Car. Hingi sana ako advise sa inyo kung sapat na kaya yung income namin sa business para bumili ng car?

So 26 year old na po kami mag-asawa at my business, 2 years married but no baby yet. Laki din kami sa hirap pareho at nag sumikap para mag ka roon ng sariling negosyo kaya kung mayroon man kaming pag-gagamitan ng pera ay iniisip muna namin mabuti o nanghihingi ng advise sa ibang tao kung tama ba ang gagawin namin. We are planning to buy car next year sana but we are getting paranoid because of excise tax next year and the next two years. Ang net income namin sa business namin ay 120k to 150k a month. Plan na din namin mag baby this next year.

So hingi sana ako advise sa mga kuya ko dyan na mas may experience sa buhay, i do not want to regret later na kung bakit kumuha ako ng car na worth 1.5m, nga pala ang car na balak namin ay Mazda CX-5 FWD Pro at balak sana namin ay installment lang. So mga 10 to 15 years ba ang lifespan ng car? Ano ba ang tamang estado sa buhay para kumuha ng 1.5m car? Maraming Salamat po mga kuya!

On my opinion lang naman, kayang kaya na kumuha ng sasakyan yung net income ninyo. Car's lifespan would always depend on how they are used. Pero as what my father said, for the first 5 years of brand new car wala kang magiging problema, minsan umaabot pa hanggang 7th year na walang problema, then after that year mejo magiging magatos na dahil sa mga car issues.

[didot]

hehe dami ko natutunan dito ah :D first timer din ako if ever and pinag pipilian ko is subcompact or go with suv na agad ... i have 5 kids kasi pero maliliit pa so after reading the thread napag iisip n din ako kung di ba magsasayang lang ko ng pera if mag sub compact pa ako pero parang sayang din if di ko naman mapapakinabangan ng husto ang suv since mga kids ko is elem pa lang

[perfectstranger]

go for 7-seater if you have 5 kids kahit maliliit pa sila. unless you can afford to change from 5 to 7 seats after a few years time. di naman sila peter pan, lalaki mga yan and it would be uncomfortable kung masyadong siksikan.

[Walter]

Oh, 5 kids ... Toyota Innova is for you ... it's not safe to ride in a Toyota Vios or Honda City ...

[lowslowbenz]

.......... i have 5 kids kasi pero maliliit pa so after reading the thread ....

They wont be kids for long.

Get a Hi-ace or a Starex.