Brand new versus 2nd hand cars

[jhaystrat]

Hi Tsikot peeps,

Probably first time ko mag post dito, if may similar thread or incorrect sub forum ako please point me to the right direction.

I am badly struggling in deciding which path to go, if 2nd hand unit ba or brand new. Both has it's pros and cons and up till now hindi pa din ako sure kung ano dapat ko gawin.

Here is the situation:

* I currently have an old 97 Honda city which I plan to sell first then replace it with a new/2nd hand car.
* dati naman ako sanay mag commute but having a car started to be a necessity to myself and specially now that I am expecting my first baby.
* My wife and myself agreed that if we are to get a brand new car, we can segregate 19,000 pesos of our monthly budget for 3 years for the monthly amortization ng kotse.
* If brand new, I am planning on getting either a base Honda city 2014, a vios or ecosport. Comparison of the 3 might be for a different topic but if you have opinions about this I would love to hear them if possible
* Of course consideration of 2nd hand unit is part of the plan because let's say we just pay a monthly amort of 10-13k for 3 years instead of 19-20k, eh di Malaki matitipid namen which we could use somewhere else (savings, insurance, etc).

Brand new (in my opinion)
* pros - sympre alam mong alaga mo dahil ikaw unang owner and for the first 3 years walang issue sa maintenance or whatnot.
* cons - Of course much more costly than a 2nd hand unit. takot ako magasgasan specially walang sariling parking, sa side street (maluwag) lang ako mg park which is sun exposed during 11am-3pm.

2nd hand unit(imo ulet)
* pros - much cheaper. I guess that's it.
* cons - higher risk of hidden defects and potential issue with papers.

Since I live in antipolo, I would like to have a 1.5 engine unit (2nd hand or brand new) para mejo malakas ang hatak at the same time could be a fuel saver compared to bigger engines.

* I have read the issue with PS Bank is this still a current problem with their repo cars? plano ko din kasi tumingin dun.

Thanks Tsikot.com

[dct]

Ok ang 2nd hand pag cash buyer ka. Pero pag iloloan mo yan, malaki interest ng used car kaysa brand new

[_Qwerty_]

kung walang parking na maayos.. sayang lang ang brand new car..

i also agree mataas ang interest rates nang loan for 2nd hand car..

[Erick Chavez]

Here Are Four Reasons Why You Should Never, Ever Finance A New Car


......


Four Reasons Why It's Perfectly Fine To Finance A New Car

[red_one]

agree on above..

cash --> 2nd hand
financing --> brand new

[Syuryuken]

hintayin munang lumabas si baby bago bumili ng bagong sasakyan hindi mo alam kung kelan ka gagastos ng malaki lalo na pag first baby extra alaga talaga yan

[[archie]]

This is my take on the topic...

Cash basis sana as much as possible.

Kung kaya itabi muna yung pera to get a better model car mas ok.

Since magkakababy na kayo, marami Unforseen expense Lalo sa baby... Check up, supplies, etc.

I would rather be liquid for now and hold on to your city. Get it as much road worthy as possible then after 5 years or so na talagang maluwag na expense, then Palit.

That's just me... Pero kung ang tanong 2nd hand or brand new... Brand new na.

[shemcristobal]

Consider how soon darating si baby, if 6 months to go pa you can go and (1) sell your current car and (2) buy a brand new one.

On the topic of buying a brand new car, you must consider the primary purpose of that car: is it entirely for your consumption (going to work) or for family.

If you can spare 19K a month, I strongly suggest you do not put it wholly on the brand new car. 60% of it maybe and the rest for your baby. Mind you mga bakuna pa lang ni bebe sa first year nia malulula ka na sa presyo and if you miss one at nalusutan ka ng sakit, mas malaki gagastusin mo kahit may HMO ka pa.


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[jodski]

OT na pero just to give you an idea for the baby... Since ayaw ko pumila sa health center and puro private doctors yung nag vaccine sa baby ko, umabot sya halos 90k.
Hindi mo pa rin alam appetite nyan malas mo lang pag formula ka on the onset you will need to budget 2,500 to 4,000 a week kasama na ibang gamit ng infant.
It's still up to you though... Choose your priorities ika nga ...

[jhaystrat]

OT na pero just to give you an idea for the baby... Since ayaw ko pumila sa health center and puro private doctors yung nag vaccine sa baby ko, umabot sya halos 90k.
Hindi mo pa rin alam appetite nyan malas mo lang pag formula ka on the onset you will need to budget 2,500 to 4,000 a week kasama na ibang gamit ng infant.
It's still up to you though... Choose your priorities ika nga ...

thanks Jodski, i will keep that in mind, kaya gat maari gusto ko pababain ung 19k in 3 years due to this sort of reasons, saka gat maari gusto namen ni misis 3 years to pay lang para makapag invest sa bahay afterwards

[saluyet]

Konti na lang sir parang mirage glx mt na yang ganyang presyo... Kung type mo mga subcompacts...

[zechs]

Yung kaibigan ko nga just bought a 2003 suv. Naisip ko sana he just bought a brand new one na lang. IMHO, nothing beats a brand new car. No disrespect sa other forumers that bought 2nd hand cars. It just that luma na talaga yung suv na yun. Yes, its working fine now but who knows after a year or two years maglabasan yung mga sira nun.

[fireice2]

Got cars previously all on cash basis. This time however, I opted for a car financing. There is nothing wrong with financing, as long as you are aware of what you're getting into. There also situations where you really need to get a car but buying it cash is impossible for the moment.

[dr. d]

it should be very clear, that a used car is ... a used car!
no ifs... no buts.

- - - - - - - - - - - - - - - - - - - - - -

it should be very clear, that a used car is ... a used car!
no ifs... no buts.

[sirLancelot]

Pag 2nd hand ba better pag sa bank kukuha? Meron kasi sila "what you see is what you get" tapos bawal test drive

[rodetor]

Pag bangko ka kukuha ng 2nd hand, sure na repossessed vehicle ang ibenta resale nila sa iyo. Mas mataas pa o mahal. Better scout sa mga car dealer ka nalang at pwede pa ma-test drive. In terms sa payment pwede mo cash o financing rin. Just my opinion to share, coz i've experience transacting when we purchased a vehicle with a car dealer.

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[ishimaro]

I got this same dilemma before. I have cash for buying a car. My budget can get me a brand new hatch back or a 2nd hand SUV. I ended up getting the latter because of space and height advantage for flooded areas. Ang challenge lang is dapat marunong ka magcheck sa 2nd hand cars and you have familiarity on car/engine maintenance or at least where to look / troubleshoot something. kung totaly wala, I suggest getting a brand new car for a piece of mind.

[sirLancelot]

How much mileage ba ang safe bilhin na kotse? Tsaka diba na uso rin yung odometer tampering dito sa pinas

[XTO]

Brand new na pasok sa pera para less worries, focus na lang sa pagdating ng baby and enjoy. Mahirap maraming isipin kasabay ng pag alaga kay baby. Sigurado puyat-puyat kaya dapat reliable ang car panghanap buhay.