The Right Time to Buy a Brand New Car

**slapz** · August 30th, 2012 02:46 PM

Originally Posted by stavros

Ang magandang rule dyan is dont buy it when you cant pay it in cash. This way, you will strive to save more and by the time you have enough money,youll realize that you dont need it and just keep the savings.

This like saying never. Given a montly salary scheme. If you are saving for a house, how can you save for a car? So, a house you can loan? Car you should pay in cash?

**1D4LV** · August 30th, 2012 05:20 PM

Originally Posted by slapz

This like saying never. Given a montly salary scheme. If you are saving for a house, how can you save for a car? So, a house you can loan? Car you should pay in cash?

This is different. The value of the house and lot appreciates (provided hindi binabaha parang sa provident village yung lugar).
cars depreciate.

**Ry_Tower** · August 30th, 2012 05:29 PM

Sa manila if family of 4 tapos net income is P50K, mahihirapan sa new car IMO kung hindi cash bibilhin. Mabuti naman and market hg 2nd han car dyan eh, get that. Yung mga 3 years pa lang nagagamit. Mura na yan. Kaya na i-maintain basta hindi maluho.

Ibang level trip ni Uls eh...world's most advcanced business jet. :D

**vinj** · August 30th, 2012 06:18 PM

Originally Posted by Ry_Tower

Sa manila if family of 4 tapos net income is P50K, mahihirapan sa new car IMO kung hindi cash bibilhin. Mabuti naman and market hg 2nd han car dyan eh, get that. Yung mga 3 years pa lang nagagamit. Mura na yan. Kaya na i-maintain basta hindi maluho.

Ibang level trip ni Uls eh...world's most advcanced business jet.

Anything less thena G650, SC ka lang.

Mahirap yang 17K monthly amortization if you're earning 50K a month if you ask me... You're not even adding in insurance, fuel and service expenses of the vehicle.

**Syuryuken** · August 30th, 2012 07:17 PM

Compute your monthly bills muna. Electricity, Water, Phone,Food allowance etc... wala pa diyan yung para sa mga anak mo, maintenance ng sasakyan baka maging negative yang 50k monthly salary mo pag dinagdagan mo pa ng bagong pagkakagastusan.

**dfopiso** · August 30th, 2012 07:42 PM

normally mabigat sa first year kasi yung amortization ay dadagdag sa monthly budget. but after a year, pay nag salary increase at bonuses, yun medyo giginhawa. so tiis muna sa first year

**yapoy86** · August 30th, 2012 05:57 PM

Originally Posted by 1D4LV

This is different. The value of the house and lot appreciates (provided hindi binabaha parang sa provident village yung lugar).
cars depreciate.

you buy a car because "its necessity"... same when you buy a house / lot because "its necessity"

1 house and lot is enough... 1 car is also enough...

you must remember that house / lot is not an investment at all... never buy a house and lot just for the sake of "having an investment" just like a car, a house needs to be maintained, maintain utilities and pay taxes.