Downgrading my Car

**marktams86** · March 24th, 2013 01:17 PM

Good Day all,

I'm thinking if i should sell my 2006 Honda City Idsi CVT so I would be able to finance my dp for a house. I was wondering how much I could sell it? it's got 140 k+ kms on it now color black with minor scratches.

Another question is, what's a good car to replace it with at around 150k? Criteria is:

1) A/t tranny so my wife could drive it,
2) Easy maintenance,
3) fuel efficient,
4) cool aircon for my daughter.
5) classic look?
6) Could run for another 10 years.

Thanks in advance!

**Ponkan** · March 24th, 2013 01:24 PM

mid to late 90's corolla, sentra, lancer and walang civic mahal kasi un para sa budget nyo sir

**marktams86** · March 24th, 2013 01:31 PM

Originally Posted by Ponkan

mid to late 90's corolla, sentra, lancer and walang civic mahal kasi un para sa budget nyo sir

i see... im looking at either the mid to late 90's corolla gli at or honda city 97 at.. which on is better?

**renzo_d10** · March 24th, 2013 01:38 PM

Sell your City, get a Type Z City AT, ipon ulit for the house DP.

Honestly, wala kang makukuha na AT na ok for 150k only.

**vinj** · March 24th, 2013 02:22 PM

Problem there is if you buy a cheaper car, repairs might eat up your house amortization. It might be more prudent to keep the car as you're familiar with it and just save up for the D/P of avail of any zero-interest amortization d/p if there is any. Don't forget to factor in other costs to your house purchase such as mortgage fees, taxes, transfer fees, association joining fees, move-in fees, etc.

**marktams86** · March 24th, 2013 03:15 PM

^^

thanks for the advise... i think you're right... might as well save up more and not bring the car more often...

the type z is a very good idea as well, we owned the manual before and it was very agile and response was really quick..

**basti08** · March 25th, 2013 09:29 AM

Originally Posted by marktams86

^^

thanks for the advise... i think you're right... might as well save up more and not bring the car more often...

the type z is a very good idea as well, we owned the manual before and it was very agile and response was really quick..

An AT Type Z is about as agile as the MT variant. And about as fuel efficient. But I have a 1st hand experience with it when it was just about 3-4yrs old. Time may erode more performance though.

**IMm29** · March 25th, 2013 09:40 AM

Originally Posted by vinj

Problem there is if you buy a cheaper car, repairs might eat up your house amortization. It might be more prudent to keep the car as you're familiar with it and just save up for the D/P of avail of any zero-interest amortization d/p if there is any. Don't forget to factor in other costs to your house purchase such as mortgage fees, taxes, transfer fees, association joining fees, move-in fees, etc.

Agree with vinj. Better to keep your current ride, since I assume you've given it some TLC, and save up for the house. Aside from older cars usually being more expensive to maintain, you don't know exactly how they've been maintained.

**1D4LV** · March 25th, 2013 11:04 AM

I am also for keeping your existing ride. I've been there, done that.
Resulted in spending more for additional maintenance....

**marktams86** · March 25th, 2013 11:15 AM

^^

Points well taken sir... I would have to save up more for the house DP and will lessen the use of the car... Mahal na rin kasi nang parking dito sa makati eh. spend around 2600 a month for parking alone.. commute2x nalang muna... kung di lang nag wowork wife ko sa bgc i could just commute everyday...