Suggestions for 800k budget

[Kestana]

Been thinking about your budget of 800K....If I have that money to burn for a vehicle, then why not buy a brand new instead? The new Everest AT has a starting price of 1.399K, so make a big dp and for sure you will have a low monthly for the car, at least bnew na at bagong modelo talaga!
Ok lang naman 2nd hand na car to get but worth 800K budget? Mag Bnew na lang kung ako yan!

Depende pa rin yan sa tao. 800K and 1.4M doesn't seem like a big difference to you, but if you look at it closely, 800K is less than 60% of 1.4M. That 600K can be spent on another car which can be useful for coding days. Granted, we're comparing the old Everest vs the new Everest. But were it a different model, say the current Mazda CX5, that's big difference for what is essentially the same thing albeit used. For instance, there are 2013 4x2 CX5s in the 800 to 900K range while a brand new one costs 1.35 to 1.5M depending on 4x2 trim level.

For some, that 500 to 600K difference is a lot considering you're getting pretty much the same car. Spending a relatively small amount of 50K on the used car can make it look almost brand new again. If there is no mechanical damage, sobra sobra na ang 50K for full interior and exterior detailing with new seat covers, matting, underbody coating, etc, etc. Yung tira niyan gas mo na for a year. Sabihin na natin mas-mahal maintenance ng used na CX5 since mataas na mileage and gamit na si Yojin 3 (3 years free PMS ni Mazda Philippines), it will cost nowhere near as much as the money you saved over brand new. Rule of thumb though, don't buy a very old model or very high mileage used car since costly replacement parts such as the transmission are very likely and will eat up a big chunk of the money you saved.

Brand new usually just means peace of mind and bragging rights. Even then peace of mind isn't always guaranteed. We had a lemon car before, a 2004 Altis which had chassis welding problems. Took us 4 years and the intervention of Toyota Japan to get it replaced since wala pa lemon law nun.

[Gecko Guy]

double post

[Gecko Guy]

*Kestana: yes depende nga talaga sa tao yan, kaya nga sabi ko "kung ako yan" Anyway, I said it in reference with the Ford Everest because it's a big difference /light and day if you will compare the old model vs. the new one so for 800k budget, I'll definitely go for the brand new.

With regards to the CX5 that you've mention....then it's really a very good choice to go get a 2nd hand unit because there's no difference (as you say) with the latest model and the old one yet. If this is the case, then I agree with you 100%! Go get a 2nd hand CX5.

I only gave my input because I read that the TS mentioned about the bnew Everest's engine...and 800K is really big money for me already to consider for getting a 2nd hand vehicle.

To TS: Mahirap talaga mamili kapag may pambili Goodluck on the hunt paps!

[DanFern]

Magpo post din po ako ng tanong regarding sa options kung anong mabuti sa budget ko na 350k, sa isang thread pag pwede na akong mag post. Pinagpipilian ko kasi Rav4 or CRV, siguro between 2004 and 2007 na model.

[bjreyesmd]

I only gave my input because I read that the TS mentioned about the bnew Everest's engine...and 800K is really big money for me already to consider for getting a 2nd hand vehicle.

To TS: Mahirap talaga mamili kapag may pambili Goodluck on the hunt paps!

Haha, honestly Im fighting the urge to buy brand new. I just tell myself that since it will be used as a strike anywhere car, then pre-owned will suffice. Also just to update my vehicles to 2013 above so less chances of breakdown kaya Im parting with my old crv which is my current pang-harabas. This time, I plan to stick to my budget, baka magalit na si wifey, hehe.

[Juan Martinez]

Haha, honestly Im fighting the urge to buy brand new. I just tell myself that since it will be used as a strike anywhere car, then pre-owned will suffice. Also just to update my vehicles to 2013 above so less chances of breakdown kaya Im parting with my old crv which is my current pang-harabas. This time, I plan to stick to my budget, baka magalit na si wifey, hehe.

that's a good idea. a brand new car means less hassle. pre-owned one actually will give you a headache (and a recurring one) sooner or later. with an 800k budget if you could eke out another 200k or even less, it could be a brand new high end mpvs or auvs.

[jut703]

Mas ok pa rin magsecondhand. More value for money. Kailangan lang marunong ka sa kotse and masipag maghanap and magparepair at first.

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[bjreyesmd]

that's a good idea. a brand new car means less hassle. pre-owned one actually will give you a headache (and a recurring one) sooner or later. with an 800k budget if you could eke out another 200k or even less, it could be a brand new high end mpvs or auvs.

At current prices bro, top end MPVs cost about 1.2M

[bjreyesmd]

Mas ok pa rin magsecondhand. More value for money. Kailangan lang marunong ka sa kotse and masipag maghanap and magparepair at first.

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I agree, Im under the impression that a 2 year old car would mostly be hassle-free since its still under dealer warranty. By experience, cars usually start to have problems at 4-5 years old.

So my plan is to get a 2013 model with at most 30k on the odo or a 2011-12 with very low mileage.

[yebo]

say the current Mazda CX5, that's big difference for what is essentially the same thing albeit used. For instance, there are 2013 4x2 CX5s in the 800 to 900K range while a brand new one costs 1.35 to 1.5M depending on 4x2 trim level.

i'd stay away from the cx5. sa madaming beses ako nagpunta sa mazda casa para ipagawa o pa-service yung lemon bt50 ko halos lagi akong may nakakasabay na nagpapagawa ng cx5. mahina daw ang transmission laging sira. walang hatak, ayaw mag-shift, etc. sinasabi ko lang ang sinabi sa akin ng ilang owners na nakasabay ko ha. whether this is a common problem ay hindi ko alam. basta kung 3 lang na cx5 owners na nagkataon na andun sa casa para sa warranty claim ay meron ako nakausap at yun ang sinabi nila.

[yebo]

say the current Mazda CX5, that's big difference for what is essentially the same thing albeit used. For instance, there are 2013 4x2 CX5s in the 800 to 900K range while a brand new one costs 1.35 to 1.5M depending on 4x2 trim level.

i'd stay away from the cx5. sa madaming beses ako nagpunta sa mazda casa para ipagawa o pa-service yung lemon bt50 ko halos lagi akong may nakakasabay na nagpapagawa ng cx5. mahina daw ang transmission laging sira. walang hatak, ayaw mag-shift, etc. sinasabi ko lang ang sinabi sa akin ng ilang owners na nakasabay ko ha. whether this is a common problem ay hindi ko alam. basta kung 3 lang na cx5 owners na nagkataon na andun sa casa para sa warranty claim ay meron ako nakausap at yun ang sinabi nila.

[Gecko Guy]

Mas ok pa rin magsecondhand. More value for money. Kailangan lang marunong ka sa kotse and masipag maghanap and magparepair at first.

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Agree on this but not to the amount of 800K to burn for a 2nd hand car....esep-esep TS

[jut703]

Agree on this but not to the amount of 800K to burn for a 2nd hand car....esep-esep TS

Why? A young secondhand car has already depreciated significantly (prices for used cars follow a steep reverse exponential curve), but still doesn't have the headaches of older used cars.

I'd have done the same if I needed another car and had 800k cash to spare. Why pay 1.4M when 800k gets you the same car with just a few thousands worth of necessary expenses to get it to tip-top shape?

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[Gecko Guy]

*jut703: As what I have posted earlier, I'm all go if the vehicle we are talking about is the just the same model. I'm all go for that, buy the 2nd hand vehicle because it'a a good deal.

I'm talking about the New Everest vs. the old model here...night and day difference between the two and If I have 800K to burn, then this is what I will do:

Selling Price: P1,399,000.00
Downpayment: P699,500.00
Amount Financed: P699,500.00
Monthly Amortization: P14,839.00/month for 5 years or 22K+/monthly for 36months
the 100K left will be for the insurance, chattel, etc.

Again this is for the NEW Everest vs. the old model
Why Everest? Kasi the TS mentioned it...

[Gecko Guy]

double post

[Walter]

Thought you had a Santa Fe?

[Kestana]

i'd stay away from the cx5. sa madaming beses ako nagpunta sa mazda casa para ipagawa o pa-service yung lemon bt50 ko halos lagi akong may nakakasabay na nagpapagawa ng cx5. mahina daw ang transmission laging sira. walang hatak, ayaw mag-shift, etc. sinasabi ko lang ang sinabi sa akin ng ilang owners na nakasabay ko ha. whether this is a common problem ay hindi ko alam. basta kung 3 lang na cx5 owners na nagkataon na andun sa casa para sa warranty claim ay meron ako nakausap at yun ang sinabi nila.

No wonder the resale value is low. Less than 60% of its original value after just two years. It's usually between 60 to 70% after two years. I also bought a repo car early last year, a 2013 Kia Soul. I got it for less than 55% its original price of P900K+ since mas-mura minsan sa mga bank repo. Almost 20K km mileage when I got it, bale naka almost 20K km in one year.

Now at 35K km, thankfully zero headaches so far. Spent around P40K on full detailing, new seats, underbody, wheel alignment, new insurance with acts of god, etc. when I got it. Then I spent for casa maintenance at Kia Sucat, P4K for 22.5K km PMS and P6.6K for 30K km PMS. Was actually out of schedule since the 22.5K km PMS was done at around 25K km and the 30K km PMS was done at 32K km.

Depende pa rin sa kotse and brand/dealership experience siguro when buying used. Actually got a brand new Sorento because of my experience with the Soul. Didn't want to buy a brand new Kia kasi back then. Pero yung mga sakit ng certain models, for instance the transmission on older Fiestas, it's difficult to escape regardless if you're buying used or new.

Agree on this but not to the amount of 800K to burn for a 2nd hand car....esep-esep TS

It's still relative. Depende sa tao yan. I know people that find P800K a small amount of money. For them, P800K for a used but fairly new car to be used as a daily beater or hatid-sundo ng children is a potentially good deal. Car depreciation rates are high. If I remember correctly sa nabasa kong interview, si Kim Henares nga 13 ang car, pero 1 lang binili niya brand new. :rofl: Toyota 86 ata yung binili niya na brand new.

[bjreyesmd]

Thought you had a Santa Fe?

Had, but sold it for the Lexus IS bro. That was the condition given to me by the wifey to get the IS. Now she realizes the value of having a 7 seater in the stable, so here looking for one as a replacement for the old CRV.

[bjreyesmd]

Guys, remember that the reason I'm not keen on buying brand new is that I'm just looking for an alternate vehicle/strike anywhere/pangharabas vehicle. It should be reliable enough not to cause problems as my kids will also be riding them. That is why I'm looking for a relatively young car. Brand new may be too much for an alternate vehicle that will probably be used 2x a week or on occasion only. With regards to the Everest, I really will not mind getting the older model as long as it suits my purposes. TIA.

[GTi]

The Everest is definitely a good choice for a strike anywhere/pangharabas vehicle. Impressive wading depth and ground clearance plus big interior space makes for an excellent vehicle for family trips.

The most engaging to drive would definitely be the Sorento. But then I find that most of those in the 2nd hand market are 5 seaters, which brings us to the Santa Fe which has the same engine, comes standard with 7 seats, and seems to be cheaper 2nd hand.

The Carnival is actually a pretty good alternative. I have a relative who has a 2011 LX LWB. No problems with power doors since it doesn't have them. Took it to Baguio with 8 people onboard, and there was more than enough enough space in the cargo area for all of our luggage. Fold all the seats and you get a loading area that'll shame an L300 FB. Of course it isn't as "strike anywhere" as an SUV, but they had the tires upsized to 245/70/R16s for added ground clearance.