Buying my first car in 2020

[Egan101]

Bilhin mo kung ano gusto mo, kahit saan pa gawa yan. Saka I hate it when resale value agad iniisip


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Typical of most Pinoys, Di pa nga nabibili yung sasakyan naiisip na yung resale value.


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[shadow]

Typical of most Pinoys, Di pa nga nabibili yung sasakyan naiisip na yung resale value.


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Exactly. Para sa akin pantay pantay na yan after 5 years or more. Kung anong market price by that time eh di ibenta, kung mababa ganun pa rin kailanga mo pa rin ibenta. hinde naman investment ang kotse.


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[dr. d]

the point of the average newbie potential car buyer is,
"in five years or so, how much will i be able to sell my car, relative to the initial purchase price and relative to the competition?"
since he is a newcomer to the fascinating world of car ownership, price and co$t are about the only tangibles that he can grasp.
arrival, comfort, ease of operation and maintenance and other car-related intangibles... these are but abstract ideas he has no idea on how to deal with. yet.
enlightenment as to the non-financial aspects of car ownership, come later on, after the initial experience.
"no one is an expert in car ownership, the first time."

[rinnosuke]

the point of the average newbie potential car buyer is,
"in five years or so, how much will i be able to sell my car, relative to the initial purchase price and relative to the competition?"
since he is a newcomer to the fascinating world of car ownership, price and co$t are about the only tangibles that he can grasp.
arrival, comfort, ease of operation and maintenance and other car-related intangibles... these are but abstract ideas he has no idea on how to deal with. yet.
enlightenment as to the non-financial aspects of car ownership, come later on, after the initial experience.
"no one is an expert in car ownership, the first time."

you got me! except, i would prefer not to sell it after 5 years, or even 10 years for that matter. I want it to last for as long as it can.

[jut703]

Bilhin mo kung ano gusto mo, kahit saan pa gawa yan. Saka I hate it when resale value agad iniisip


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Typical of most Pinoys, Di pa nga nabibili yung sasakyan naiisip na yung resale value.


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Anong masama sa pagcompute ng net cash outlay?

Bibilhin mo pa rin kung ano gusto mo, pero in a way higher resale value = sulit kasi lower net cash outlay.

Innova pag bumili ka 1.2M ngayon, in 5 years 800k pa yan.
Mazda 3 pag bumili ka 1.2M ngayon, in 5 years 600k nalang.

So kahit mukhang pareho lang presyo, neto mas mahal ng 200k lalabas ang Mazda 3. Kung mas gusto mo pa rin ng Mazda 3 kahit alam mong bulok resale nito, edi bilhin mo pa rin. Pero kung wala ka masyado pake and gusto mo saan yung mas sulit edi Innova.

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[Egan101]

Anong masama sa pagcompute ng net cash outlay?

Bibilhin mo pa rin kung ano gusto mo, pero in a way higher resale value = sulit kasi lower net cash outlay.

Innova pag bumili ka 1.2M ngayon, in 5 years 800k pa yan.
Mazda 3 pag bumili ka 1.2M ngayon, in 5 years 600k nalang.

So kahit mukhang pareho lang presyo, neto mas mahal ng 200k lalabas ang Mazda 3. Kung mas gusto mo pa rin ng Mazda 3 kahit alam mong bulok resale nito, edi bilhin mo pa rin. Pero kung wala ka masyado pake and gusto mo saan yung mas sulit edi Innova.

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There is nothing wrong if the car was bought to be part of a business operation. However, if just for family use, resale value is not a key factor.

Siguro kung buy and sell ka, ayun isipin mo yung resale value. If you don’t sell your old cars regularly, then there’s no point of dwelling too much on it. Even for those who are given cars from a corporate plan, it’s the least of a concern.


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[yapoy86]

Anong masama sa pagcompute ng net cash outlay?

Bibilhin mo pa rin kung ano gusto mo, pero in a way higher resale value = sulit kasi lower net cash outlay.

Innova pag bumili ka 1.2M ngayon, in 5 years 800k pa yan.
Mazda 3 pag bumili ka 1.2M ngayon, in 5 years 600k nalang.

So kahit mukhang pareho lang presyo, neto mas mahal ng 200k lalabas ang Mazda 3. Kung mas gusto mo pa rin ng Mazda 3 kahit alam mong bulok resale nito, edi bilhin mo pa rin. Pero kung wala ka masyado pake and gusto mo saan yung mas sulit edi Innova.

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Dyan naman papasok yung mga gusto mag ka kotse pero limited ang budget.

Ang maganda sa 2nd hand market now yung mga models 2014 up.. fairly reliable na mga models na yan.. di na kagaya ng past decade na talagang "2nd hand" yung binili mo na napaka daming sira.. hehe

Tsaka ang isang masama dyan sa pag compute ay nakaka stress.. hehe nagtatalo ang ninanais ng isip at tinitibok ng puso..

[shadow]

Anong masama sa pagcompute ng net cash outlay?

Bibilhin mo pa rin kung ano gusto mo, pero in a way higher resale value = sulit kasi lower net cash outlay.

Innova pag bumili ka 1.2M ngayon, in 5 years 800k pa yan.
Mazda 3 pag bumili ka 1.2M ngayon, in 5 years 600k nalang.

So kahit mukhang pareho lang presyo, neto mas mahal ng 200k lalabas ang Mazda 3. Kung mas gusto mo pa rin ng Mazda 3 kahit alam mong bulok resale nito, edi bilhin mo pa rin. Pero kung wala ka masyado pake and gusto mo saan yung mas sulit edi Innova.

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My point eh hinde dapat maging factor yan resale value. Tagal pa nun... napakinabgangan and nagamit na by that time yun sasakyan.

Mag vios na lang dahil mas mataas resale value kahit na mas maganda yun suggestion ni Egan na cool ray? Or yun marami na rin bumibili ng MG.

Don't settle for less just because of resale value.


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[JohnM]

If it brings a smile to my face when I drive it or even just sit in it then sulit na yan for me. Extra points na if it passes the "look back" test. I paid big bucks so I better be happy with my purchase NOW. Tiis ganda na lang ang resale value further down the road.

Kaya if you have the luxury of choice then go around and test drive everything that catches your eye before you decide. 5 years is a long time for what-ifs.

[jut703]

There is nothing wrong if the car was bought to be part of a business operation. However, if just for family use, resale value is not a key factor.

Siguro kung buy and sell ka, ayun isipin mo yung resale value. If you don’t sell your old cars regularly, then there’s no point of dwelling too much on it. Even for those who are given cars from a corporate plan, it’s the least of a concern.


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Money tomorrow is still money, so just as SRP is important just as resale matters too. Bakit hindi mo iisipin resale value unless hindi mo ibebenta kotse.

Kung sure ka hindi mo ibenenta in 5 years then dont consider it.

My point eh hinde dapat maging factor yan resale value. Tagal pa nun... napakinabgangan and nagamit na by that time yun sasakyan.

Mag vios na lang dahil mas mataas resale value kahit na mas maganda yun suggestion ni Egan na cool ray? Or yun marami na rin bumibili ng MG.

Don't settle for less just because of resale value.


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Siyempre mas maganda Coolray. Mas mahal din na sasakyan yan..kung afford mo edi bilhin mo. Pero kung concerned ka sa budget for both today and tomorrow, then resale is important just as purchase price is important (unless you don't plan to sell the car).

Vios SRP: 881k
Resale in 5 yrs: 450k
Net cash outlay: 430k

Coolray SRP: 1.2M
Resale in 5 yrs: 500k
Net cash outlay: 700k

So you can look at it as you will be paying 320k more in SRP. Or you can look at it as your net cash outlay will be 270k higher in 5 yrs.

Either way it doesn't change the fact that you should go for the car that you want that fits your budget (whether that's today's budget or your 5 year budget).

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[ray_noel]

Ts, gawa ka ng checklist that you need in a car... who gets more check from the checklist should be your choice... goodluck!!!


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[ray_noel]

Ts, gawa ka ng checklist that you need in a car... who gets more check from the checklist should be your choice... goodluck!!!


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ULS style...

as ive said, checklist and needs = sure choice...



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[Egan101]

If resale value was a key concern for me four years ago, we would not have bought the FXT. A Fortuner was around the same price. Did I consider it? Hell, no. Not even any of the other PPVs.

I wanted a midsize car or wagon but my wife wanted a crossover. We agreed that the Forester is the best choice for us. We went for it and we are happy with our purchase.


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[jut703]

If resale value was a key concern for me four years ago, we would not have bought the FXT. A Fortuner was around the same price. Did I consider it? Hell, no. Not even any of the other PPVs.

I wanted a midsize car or wagon but my wife wanted a crossover. We agreed that the Forester is the best choice for us. We went for it and we are happy with our purchase.


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Hence my final statement:

Either way it doesn't change the fact that you should go for the car that you want that fits your budget (whether that's today's budget or your 5 year budget).

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95% of car buyers don't give a sh!t about performance or handling. Gusto lang nila matipid, matibay, madali imaintain, madali ibenta.

No car in the top 10 best selling cars in the Philippines is a "driver's car". So just because they didn't get the best-performing car doesn't mean that they bought the car that didn't tick the right boxes for them. They just have different boxes to tick.

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[EQAddict]

Buy the car that meets YOUR needs and not other's opinions.

Im a driving enthusiast and like to give it the beans...so i tend towards faster cars. Those have depreciated badly but i enjoyed them and you only live once.

But i also recognize utility, longevity and resale value so i also have other purchases that were a bit more sensible. And those cars are still with me and will continue to be work horses.

Make a checklist of YOUR needs and choose based on that.

But since youre asking for our opinion...id throw my hat into the Coolray column. Hehehe.

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[Egan101]

We did that with the Japs before in the 60s and 70s. Then the Koreans came in the 90s and they also struggled. Now, the Chinese are going global and many doubt them.

Almost everything is made in China now and the world’s clamor for more goods force manufacturers to find cheaper ways of manufacturing goods. The world made China a giant in the manufacturing industry. Clothes, shoes, electronics, appliances, and a lot more are now made in China. Chinese companies have grown so big that they started buying the common brands - Lenovo bought the computer manufacturing of IBM, Haier bought GE appliances, Motorola by Lenovo, MG by SAIC, Pirelli by National Chemical, Volvo by Geely, and a few more.

I bet most of the common parts for vehicles are built in China. Car manufacturers surely have big plants inside China. VW has its biggest plant in China.


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[travajante]

We did that with the Japs before in the 60s and 70s. Then the Koreans came in the 90s and they also struggled. Now, the Chinese are going global and many doubt them.

Almost everything is made in China now and the world’s clamor for more goods force manufacturers to find cheaper ways of manufacturing goods. The world made China a giant in the manufacturing industry. Clothes, shoes, electronics, appliances, and a lot more are now made in China. Chinese companies have grown so big that they started buying the common brands - Lenovo bought the computer manufacturing of IBM, Haier bought GE appliances, Motorola by Lenovo, MG by SAIC, Pirelli by National Chemical, Volvo by Geely, and a few more.

I bet most of the common parts for vehicles are built in China. Car manufacturers surely have big plants inside China. VW has its biggest plant in China.


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Which are you planning to get, bai?[emoji4]

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[Egan101]

Which are you planning to get, bai?[emoji4]

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I was just stating the reality that all of us made what is China now.

No plans to buy a new car soon. Maybe in 3 years time, we will get a new one thru my wife’s corporate car plan. Unless of course I get hired by a big time company with a pretty decent corporate car plan - a Lexus or BMW or Merc or Audi perhaps. Hehehehe


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[travajante]

I was just stating the reality that all of us made what is China now.

No plans to buy a new car soon. Maybe in 3 years time, we will get a new one thru my wife’s corporate car plan. Unless of course I get hired by a big time company with a pretty decent corporate car plan - a Lexus or BMW or Merc or Audi perhaps. Hehehehe


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Oh...for a while there I thought you were thinking Chinese.[emoji4]

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[12vdc]

Oh Chinese are going global buying marques for brand equity but not really innovating.

Why don't they buy Qualcomm for them to dominate the 5G and automate the Chinese cars remotely?