The Right Time to Buy a Brand New Car

[slapz]

vefy, tama, extra motivation, it will make you work harder. You have this feeling of discontent sa earnings..

Airo, I have a lot, and an unfinished house that we currently live in, naka-abang na for 2nd floor, I am torn of what to do, finish the house now asap, or pakonti konti at bumili ng bagong kotse.

Lowslow, yeah, well-maintained. Also, the diapers and the like, si Misis na daw bahala. Ahaha!

[airolynx]

vefy, tama, extra motivation, it will make you work harder. You have this feeling of discontent sa earnings..

Airo, I have a lot, and an unfinished house that we currently live in, naka-abang na for 2nd floor, I am torn of what to do, finish the house now asap, or pakonti konti at bumili ng bagong kotse.

Lowslow, yeah, well-maintained. Also, the diapers and the like, si Misis na daw bahala. Ahaha!

yun pala slapz. may house kana pala. 2nd floor makaka antay na yan. If you really feel like buying a new car, just take your calculator, make some computations on your budget, if it looks ok, go for it! Fullfilling din ang pakiramdam when you finally get a new car. Parang nakaka sulit ng pagod sa trabaho. Hehehehe

[slapz]

don't you love the internet? You can get the opinion of others in an instant. You don't have to decide blindly anymore. Thank you so much for the responses.

I will have to go through each post again when I get to a desktop. It's kinda hard to follow using a cellphone.

[macstar1]

In my opinion, its acceptable to buy a new car if your net disposable income is around 2x to 3x of your monthly car amortization.

So after considering all your home mortgage, groceries, utility bills, child care, insurance, etc., and you still have 34K net disposable monthly, then I suppose it is safe to spend 17K on monthly car amortization. And hopefully, you dont run into lemon cars just so you have a peace of mind when you go on out of town trips with your family.

The first car I bought was out of necessity. Supposed to be used by wifey, as she is doing field sales. Unfortunately, she made a bad decision buying a second hand kia pride. The first week, we almost died dahil nakalas ang ball joint "pag talbog" sa tulay.
Nakaranas din kaming magtulak sa SLEX at matulog sa Shell Macapagal dahil nawalan ng kuryente . . . Sira pala ang alternator ... What makes it worst was, ang daming rich kids na nagdra drag race sa shell ng time na yon . . .

May time din na nag rescue kami ng isang naaksidente, pero a kilometer before reaching UMC, tumirik ang Kia Shame ko kaya kailangang itulak papunta ospital. Fortunately, nabuhay yung pasyente despite the fact na kinailangang putulin ang paa nya ...

I suppose we were blessed after that incindent, after praying and praying, I finally got a promotion which entitled me to a car plan ... And it all came one blessing after another...

Bottomline, for ordinary citizen like me, buying a car should be based on our capacity to pay, and perhaps out of necessity.

[ronron77]

Follow your instinct. Financially, alam ko kakayanin mo naman. I know that the advises posted here will not serve your needs but the needs of those who are reading this thread (like me hehehe). At the end of the day, I think you have already decided on what to do and you are just trying to reinforce the rationale of your decision (i.e. tama ba ang naging decision ko?).

Kung hindi pa ngayon, kelan pa? I used to hear people say that they are always busy to do a particular task which will make them happy. But then, kailan ka ba talaga hindi magiging busy unless you deliberately set a time for it? You go for what would make you and your family happy in the end. Having a brand new car is one of the premium feelings in life. You're entitled to feel that feeling as well.

I myself bought a brand new car because I just grew tired of the never ending repair expenses of my old car. I tried very hard to maintain it but just like a thief in the night, trouble strikes when you least expected it.

For me, brand new car = peace of mind, convenience. Basta pag bumili ka na, dagdagan mo lang ng konting financial sacrifice at pairalin ang maturity sa paghandle ng finances.

[slapz]

Follow your instinct. Financially, alam ko kakayanin mo naman. I know that the advises posted here will not serve your needs but the needs of those who are reading this thread (like me hehehe). At the end of the day, I think you have already decided on what to do and you are just trying to reinforce the rationale of your decision (i.e. tama ba ang naging decision ko?).

Kung hindi pa ngayon, kelan pa? I used to hear people say that they are always busy to do a particular task which will make them happy. But then, kailan ka ba talaga hindi magiging busy unless you deliberately set a time for it? You go for what would make you and your family happy in the end. Having a brand new car is one of the premium feelings in life. You're entitled to feel that feeling as well.

I myself bought a brand new car because I just grew tired of the never ending repair expenses of my old car. I tried very hard to maintain it but just like a thief in the night, trouble strikes when you least expected it.

For me, brand new car = peace of mind, convenience. Basta pag bumili ka na, dagdagan mo lang ng konting financial sacrifice at pairalin ang maturity sa paghandle ng finances.

You couldn't put it any better than that! That feeling I have, I work so damn hard, and yet I drive a Kia Pride, sometimes bother me so much. I feel like I am underachieving.

[slapz]

In my opinion, its acceptable to buy a new car if your net disposable income is around 2x to 3x of your monthly car amortization.

So after considering all your home mortgage, groceries, utility bills, child care, insurance, etc., and you still have 34K net disposable monthly, then I suppose it is safe to spend 17K on monthly car amortization. And hopefully, you dont run into lemon cars just so you have a peace of mind when you go on out of town trips with your family.

The first car I bought was out of necessity. Supposed to be used by wifey, as she is doing field sales. Unfortunately, she made a bad decision buying a second hand kia pride. The first week, we almost died dahil nakalas ang ball joint "pag talbog" sa tulay.
Nakaranas din kaming magtulak sa SLEX at matulog sa Shell Macapagal dahil nawalan ng kuryente . . . Sira pala ang alternator ... What makes it worst was, ang daming rich kids na nagdra drag race sa shell ng time na yon . . .

May time din na nag rescue kami ng isang naaksidente, pero a kilometer before reaching UMC, tumirik ang Kia Shame ko kaya kailangang itulak papunta ospital. Fortunately, nabuhay yung pasyente despite the fact na kinailangang putulin ang paa nya ...

I suppose we were blessed after that incindent, after praying and praying, I finally got a promotion which entitled me to a car plan ... And it all came one blessing after another...

Bottomline, for ordinary citizen like me, buying a car should be based on our capacity to pay, and perhaps out of necessity.

This is amazing and at the same time scary. Damn, I have to get that car checked again. I would hate myself if ever it died down while my little princess is with me.

[macstar1]

Follow your instinct. Financially, alam ko kakayanin mo naman. I know that the advises posted here will not serve your needs but the needs of those who are reading this thread (like me hehehe). At the end of the day, I think you have already decided on what to do and you are just trying to reinforce the rationale of your decision (i.e. tama ba ang naging decision ko?).

Kung hindi pa ngayon, kelan pa? I used to hear people say that they are always busy to do a particular task which will make them happy. But then, kailan ka ba talaga hindi magiging busy unless you deliberately set a time for it? You go for what would make you and your family happy in the end. Having a brand new car is one of the premium feelings in life. You're entitled to feel that feeling as well.

I myself bought a brand new car because I just grew tired of the never ending repair expenses of my old car. I tried very hard to maintain it but just like a thief in the night, trouble strikes when you least expected it.

For me, brand new car = peace of mind, convenience. Basta pag bumili ka na, dagdagan mo lang ng konting financial sacrifice at pairalin ang maturity sa paghandle ng finances.

Palagay ko, humahanap lang ng justification si TS para ma approve ni misis hehehe
Kaya TS, by all means, BUy hehehe . . . I visualize mo na lang sa kanya ang mga puwede nyong puntahan every weekend . . . Tapos i describe mo ang uncertainties pag nagdri-drive with a beater car . . .
:-)


Sent from my iPad using Tapatalk HD

[dfopiso]

ano price range being considered by TS?

[slapz]

Palagay ko, humahanap lang ng justification si TS para ma approve ni misis hehehe
Kaya TS, by all means, BUy hehehe . . . I visualize mo na lang sa kanya ang mga puwede nyong puntahan every weekend . . . Tapos i describe mo ang uncertainties pag nagdri-drive with a beater car . . .
:-)

Sent from my iPad using Tapatalk HD

Actually, Sir, siya ang may gusto!

ano price range being considered by TS?

Above 900K is just too much. But this thread is general, so not really just for my consumption.

[dfopiso]

CUV/crossover at P900k? SX4

pwede Innova, though MPV talaga

[Boy Bastos]

financial, personal, need, want, and other factors.

Probably for those who are not born rich.

What is the right Monthly Salary?

Is it when you have enough money in the bank to purchase a car in cash?

Is it when you think you can handle the Monthly Amortization?

Kelan nga ba? Now, later, or never?

To make it short...

IF YOU HAVE THE MONEY THEN YOU CAN BUY A CAR ANYTIME.

[rflores]

NOW, if I may revive this thread that I have read from 1st to last page...

Here's the profile:

>single, no kids in the next 3-5 years. (fingers-crossed)
>living with mom. house is owned
>35k income.
>first car and buying only for himself and occasional sundo hatid kay mom.
>will be used everyday as will be the only car in the family (aside from a very old van who is 40% of the time broken)
>living a relatively simple life. night outs = running the dog at a nearby park.
>reason for buying: well I feel I can buy it. I spend on commuting so much that it is becoming a waste and too much inconvenience. I feel that the family needs a stable car in case needed.

planning to buy a sub 500K brand new car for 4 or 5 years, 20%downpayment. I think thats 10k/month.
im also considering a 2 year old car, 300K max , but im thinking that since used cars have way higher interest, i might be paying a little close to a bnew mirage in the long run.