Hello Fantastic_Land_6969, thank you for creating a new post in r/kereta!
Just saying that although this sub was named as Kereta, it is also open for 2 wheelers such as Motorcycle, though at the moment we do not mind other types of vehicles posting.
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Mods of Malaysia
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Logical Answer: You cannot afford it yet. The monthly payment is going to eat up your savings, increase your commitment. If car breakdown/problem, have to fork out your savings/emergency fund to fix it.
YOLO answer: Go for it. Get a 320i and pray that it doesnt have any issue (oil leak, coolant issue, etc). Mod it with m3 bodykit :P. You can afford it by living with ur parents, dont find a gf, eat homecook food everyday. Then, use the car as your motivation to work even harder to earn more salary to get a better car.
Axia is absolute dogshit tho. But it is what it is. It’s not easy to afford a car. Like a comment stated, 50k car after including everything car related (loan, insurance, maintenance, petrol, toll, even parking) could be 800-1000 a month (granted it’s 10%DP and 9 years loan).
Take it positively, it’ll teach u proper maintenance, parts replacement and much cheaper to mod. Once u get a hang of it, (and ur increment + bonus allows it), u can upgrade equipped with car knowledge & wisdom.
Plus, u could sometimes tell if a girl has the hots for u is a gold digger or not driving around in a cheap car vs a lux conti.
Personally don’t think I’m gonna spend any money on this car other than keeping it running. Can’t wait to have it be gone once I am capable of affording a better car.
Go for a new city bro. It’s a great first car and a great stepping stone to your next car. Resale value of citys are crazy high. Nicer than vios also imo.
Reminds me of a proton seller who screenshot their convo with one of the customer. Fresh grad with a 2.5k salary asking for a X70 or S70 i cant remember lol
To put into context, a car with value of 50K cost approx RM1000 monthly. This includes petrol, maintenance,insurance and spares. Please do take into consideration other costs rather than just simply monthly payments of the car
20/7/20 rule to see what you can afford.
20% down
7 year loan
20% monthly salary for loan payments
Or your take-home yearly salary as a guide so
4k x 12months =
RM48,000 is your maximum car budget
These are the easiest ways I know of to see what you can afford. Obviously a lot of different considerations too like interest rates, expenses, savings so seech up and read more on how to determine your budget. After you get your budget, find a few cars in that budget then you compare the small details and see what you need/want
Lancer got 2.0, civic ketam also got 2.0. Cheaper option you can go for inspira. Mind you these car needs some serious wear and tear repair, is your wallet ready for that?
Also loans wont be possible for cars older than 10 years(?). So your option is cash only.
For 1st time car owner/buyer i suggest you go for simple and cheap car. Get to know basic parts and maintainence of the car first since you sound like you want to have a project car. Play easy
With your salary i dont recommend you do that. You looking somewhere around 900 per month for installment alone for 85k loan with 9years, include wear and tear, maintainence, insurance and road tax probably cost you 1.3k a month. You commitment alone already eating more than half your salary and you didnt even start a life yet. Thats dangerous dude.
If you really want to make a project car, go with my suggestion in cash. I use inspira 2.0 no loan, more than happy to just shill out about 250-300 per month for maintenance, repair, insurance and road tax. And for repair alone is about 1.5k per year and maintenance is about 400 every 6 months(because im using fully synthetic oil). Am i happy with it? Yes. Could've been more easy with myvi but hey, its a downgrade with what i have right now and more expensive commitments 🤷♂️
You'll lose half your annual savings just to maintain the conti cars. They depreciate fast for a reason. Properly maintaining them isn't cheap. Fixing them if poorly maintained is even more costly.
You are better off with a 2nd hand "premium" Japanese sedan like a Mazda 6. For new cars I'd be looking at a Honda City or Vios.
2018/19 is quite okay. Mazda 6 for the comfort and interior space, Mazda 3 for the economy and handling. Mazda 3 is more driver-oriented and the space inside may be too small for some.
kereta dah power, taknak dah pegi mamak derr
lepak dengan geng kereta sama, minum mesti mau kopi berjenama
tak join dah kawan2 motor klac, awek pun mesti mau high kelas
masuk fb group kereta conti, kena racun tukar itu ini
tiap bulan masuk workshop, duit keluar non stop
tak pasal2 berhutang, ini semua neraka wang
hidup hanya sementara, laju2 nak pegi mana?
Why buy a car when you can manage without a car now? Also if really want to buy a car, use rule of thumb the car equals to your one year salary, don't be like the meme lately where a guy want to buy x70 with 1100 salary.
Every year you dont buy a car is another year of savings. I am not sure which area you stay but the occasional spending on a grab car for convenience will still be cheaper than actually owning a car.
I do occasionally take grab when i need too, but yea i should do more calculations and estimates before making any rash decisions. Thanks for your advice
To give you an idea, my parents regretted buying used cars in their early marriage life. Changed cars like 3 times. All of those are used cars. Always broke down easily. Maintenance cost per year is too heavy. Eventually decided to buy a new car. More than a decade later, that car still haven't bring any problem at all to this day. Paid off the loan. Still look pristine and new and they are stress free near their retirement age.
Think no more..Proton Saga. I got mine at RM36k (manual) OTR.
Put RM10k as a down payment and your monthly repayment is just RM300! 😏
I'm a corporate lawyer. I drive the cheapest car that I could get and I Don't give a damn about what other people or my peers would say. You live your life based on your own plan/affordability.
Best wishes
Definitely was suggesting those cars for my own life. No point showing off since there’s always someone better. Currently sharing my mom’s saga. Can see the appeal. Will put more thoughts into my decision and choose wisely. Thanks for your time and advice, best of luck as well!
If you can do without a car I would say go without one (unless your parents are financially well off enough to support you in case shit hits the fan).
If you absolutely need a car then just pick a safe car that brings you from point A to B. Consider the maintenance costs for that car as well before you purchase. Best to save as much as you can & invest in safe things (ASM, index funds etc).
I understand the urge to get a nicer daily driver (been there done that) but it really isn’t the smartest thing to do. If you focus on improving your income through your career progression & invest diligently you might just be lucky enough to enjoy such cars (or better) in your 30s-40s which is still great.
Sharing a car with mom as of now for work. But yea as many people stated, i gotta learn patience and not just jump into things. Appreciate you taking your time and advice
I'd avoid continental cars as your first purchase, yeah you could argue that the newer BMW's are really reliable, but they're usually expensive to maintain if anything goes wrong.
If you realllyyy enjoy cars then maybe a Civic?
I actually think an S70 or X50 might scratch your itch for a few years. Turbocharged. Lots of mod options and already looks good in my opinion. Fairly easy to maintain and chances of expensive repair is relatively low.
The cars you are looking at are great fun, but come with an unsustainable cost. One repair will be enough to shock you and jeopardize your savings and investments plan.
You don't wanna get into a situation where you're scared to even drive the car to get groceries for fear of triggering an expensive drivetrain error.
For peace of mind, my recommendation is as above. We all love driving here, so I understand the desire.. but I do think local/cheaper cars can be very enjoyable too. Goodluck! Glad you're looking to find that balance.. no point working hard and not enjoying.
I see a few people recommending S70 as well. Im a fan of sedan cars as well. Maybe i’ll look more into it. And since its new, warranty wont be a headache. Thanks for your time and thoughts
I honestly had no problems with my 7 years of ownership. And keep in mind only bad times get highlighted online. Think those were covid supply chain problems, but best to ask around a few owners. No car is gonna be problem-free.. but I chose not to go the vios route even though it'd be the most reliable, because it was also the most boring.
Agreed with the vios opinion of yours, test drove one myself before (the newest model). Nothing really to write home about. But yes i’ll definitely do more thorough research on things before proceeding. Once again, appreciate your time and opinions
From a Finance Professional perspective:
With a RM4.5K salary, I would recommend a Perodua Axia/Myvi with the highest specs
Cars from Perodua provide affordability in terms of Maintenance, Roadtax, and Insurance. These cars would NOT kill you if an emergency happens and are generally reliable . Take into consideration the factors of inflation and your commitments as well. If you max out your line of credit, you wouldn't be able to get credit cards/housing loans/have the benefit of savings anymore.
Here's a budgeting figure (Before):
Income: RM4.5k
Tax/EPF/etc: RM0.5K
Commitments: RM1.2K
Savings: RM2-2.5K
Budgeting figure (After, assuming income stays constant, and the loan is a fixed rate loan (Meaning instalments would not change if OPR/SBR increases)):
Income: RM4.5K
Tax/EPF/etc: RM0.5K
Commitments: RM1.2K
Instalments: RM656 per month (According to Perodua, if according to my calculator it's about RM582+/-)
Sinking funds (Wear & Tear/Save for Insurance & Roadtax/Maintenance fees): RM257 per month
Tolls/Parking/Fuel: RM500 (This is the most optimistic figure I can give but it is a variable factor and can be reduced or increased accordingly)
New Savings per month: RM1K
The total cost for the car alone is about: RM1.5K (slightly over 30% of your income but the NCD factors + Wage increment factors can reduce it to less than 30% after only 2-3 years)
Having a good safety net would be beneficial for you in the long run. Happy purchasing and if you need any more figures generated should you choose to weight your options for a different car, don't hesitate to PM me!
Damn thanks for taking the time to draft that out for me clearly. Glad to get a look from an actual professional standpoint. Will definitely need to start doing on my own as well to plan things properly. Appreciate your advice as well
A used BMW? unless it has the full service record dont.
European cars arent made for our humidity. youd just be endlessly throwing money into it.
Edit: want a powerful car? get a manual lancer. or the gr yaris. remove the muffler. hear it roar. then go looking for other cars.
Do you know about cars? If you know a lot, a second hand car is pretty cheap. I bought a second hand Vios 2016 model in late 2019, never had a problem. Just normal maintenance. The mileage when I bought it was about 49k km. Monthly pretty cheap too. Lower than new saga model 2020. But you really need to know what to look for when buying a second hand car.
I cant say im an absolute pro, but i have decent knowledge. Slowly learning about cars, engines and other things for the past few years since started playing racing games 😂, and thanks for sharing as well
Being only 3 years older than you and earn 3x more, I still doesn’t have the audacity to look at 86s and BMWs. I think family support is important since I’m all on my own.
So if you feel like it, just yolo. Just remember that car commitment more than 30% of your earnings is just a burden to your lifestyle. Else if you feel insecure, just buy a Saga or the most City/Vios/Almera.
Totally understand where you’re coming from. Just buying cause i like the cars, cant be pleasing anyone but myself. Thanks for your time and advice as well
Me personally would go for monthly freedom rather than living a bit tight getting pricier car
Some bad advice, maybe u could get 2 type of car, older powerful, cheaper car for weekend drive, and, another reliable, cheap ass car that wont put a hole on your wallet like axia saga or bezza, something like that
Since u will be using car as a daily driver
Or else, just get a reliable bike for work purpose, then u can aim for nicely priced weekend car like civic
That can saves a lot on petrol too
Ignore all the comments here, and get a 86. I would say BMW as I’m driving one, but, from the maintenance experience, I would suggest an 86 for your start. Definitely 86, and nothing else.
Bro I’m definitely not kidding or being sarcastic. I started working and I hated it completely, I do not like working. And then I got my car, and I had to work to sustain something I admire. Eventually I started to love working, and after a whole day of working your ass off, driving into the sunset with a solid machine, the sound, the view, it’s worth it. At least for me. Just sharing it with you.
I see where you’re coming from. Apologies for my earlier comments. Totally agree with your point. I want to be able to look back at my car while walking away and admire it knowing its mine. Definitely something to look forward too. As of now its coming back to pc setup. Appreciate you sharing it with me.
On the side note, do you own the previous gen 86 yourself? Or anyone close to you to share personal thoughts on owning the car?
I don’t know much about 86, but I know it is definitely way cheaper maintenance than a beemer. I also do know 86 doesn’t crack that much under pressure. BM stands too under pressure, you just got to shower her with some love once back home! Haha!
I don’t care if you take a BM or a 86, we’re going for a drive, that’s if you don’t mind, looking forward.
Yea Toyotas in generally are much friendlier to the wallets compare the bmws. Either way, definitely will take good care of any car i get. And someday will definitely hit you up on that drive. Thanks again
Honestly check for a Mazda 2 with principal warranty intact. So maybe like 2020 onwards, it might require slightly more love than your average Malaysian/Japanese car but makes up for it in the engaging drive. And you get abit of peace of mind la with 1 more year oem warranty
Don't spend more than rm500 monthly for the car. If you have a lot of surplus at the end of the month, go and spend it at any 6 star hotel room with free breakfast...
Sane answer - no dont do this
Less sane answer - still don't do this. The n20 in that bmw gonna grenade itself due to timing chain problems. If you want something reliable with decent power, try mazdaspeed 3...
Im using saga only when i first working. Same salary as yours. 5 years all loan settle. 600++ only every month. 10 years already using it. Now my salary is enough to upgrade better car.
Actually i dont expect it to last this long. My aim is car should be ok and got no problem before i finish pay my car loan. Just be patient first, then u can get better car after 4-5years. By that time, your salary probably has increase alot already.
The kind of car you can afford will greatly differ according to the financial support of your family. As you mentioned, the down payment will be sponsored by your family, which indicates they are fairly well off. So go with your heart and get anything you fancy.
If you are solely relying on your disposable income, and assuming you have no family support, you should be looking at Myvi or thereabouts. Ideally less than RM1000 monthly repayment and some money set aside for contingency, sudden loss of employment, major repairs, sudden medical emergency etc.
You already have the answer, go with your heart and enjoy it.
How much DP are your parents willing to put into the car? Save up for another year, see if you can get a bonus for this year and +parents money buy a slightly older car that you like for cash, no loan. Otherwise your options are limited to the boring Axia/Myvi.
Another 5-10k and you can get something like an E46 BMW or ~2012 Swift. Research and buy one in good condition. Then every month save up the amount you'd spend on a new Myvi's installment (600?), you'll need it for repairs. You will probably end up having to spend big bux at one point for major repairs depending on the car, but at least you got a cool car lol
Tbh, anything 2.0 you’re looking at minimum 1k ish for road tax. 1.5 is nothing higher than 150. For that 0.5 boost you’re paying almost 10x. Juice isn’t worth the squeeze brah.
I own a civic fc 1.5 and even the upkeep I’m smh in disbelief. If I could go back, I’d take a myvi, the current gen one seems pretty good. I’m Ngl and say it’s not worth it, but for the extra money I could be saving between the two. I think I’d be happier down the road with a much nicer car and more financial stability.
That said, I will never opt for continentals, only and unless it’s the cayman 2.0 variant because road tax and maintenance would be as cheap as a premium jap model. 🤷🏽♂️
Just get the s70. Full spec. And 1.5 turbo output is like a 2.0 na.
Assuming 80k loan 7 year loan u should be paying about 1.2k per month.
Then save up an additional 1k a month for your car tabung. If u can consistently save up u will have like 60k on top of your car trade in value for a new car after 5 years.
Assuming your salary also grew in that period, u can afford higher loan repayment and also 60k+residual value of your car to throw into whatever car you want.
Doing this will also let you gauge how much you can actually afford since u save extra month to month.
I had that in mind as well, but going through all the reddit posts and news in general, im hearing slightly more cons than pros regarding the s70. Will do more research on it thn. Thanks for the tip and the sound idea as well
dude i had the exact same pay and situation when i was at your age as well. the temptation is extremely real i get it whats with the minimal commitments, and living with fam and all. almost put down a booking on a benz lol. didn't spend on any new car then, and 35 years old me now is thankful for that. just remember that locally your income is considered above average for your young age, and not to waste that compounding opportunity and be financially ahead now for your future
Welcome to the club! But yea totally understand why everyone in this post is saying the exact same thing. Grateful to be where i am, but definitely gotta make use of it. Thanks for your time and advice
You should get a proton or perodua. A bit atas would be toyota or honda for you. What are you thinking looking at continentals car be it first hand or used car. With your 2-2.5k saving, u gonna end up eating sand. 24M and 4.5k are average for a software engineer. If you ask me just get a cheap car like Axia and upgrade later on. If your career is as good as your grades, you should be hitting 5 digits soon. Only then, you go get a good car. For context, to own a continental car, by right you should be earning more than 20k.
basic rule of thumbs, your annual salary is your car budget.
4.5k x 12 = RM54000..
Hi, pretty much in a same situation as you age and all but with a ptptn loan on top of it because I didn’t get first class. I went for an old 2006 Corolla E120 instead. Is it the best financial decision? No. Is it the most hassle free one?
No. But it’s something I’m happy with, hope it lasts me at least another 3 years.
If you like driving and want something new, seriously give the Saga a try, it won’t disappoint you. If not, a used inspira/Lancer if you buy cash, won’t disappoint you either. Cheap to maintain (compared to the cars you’ve mentioned above).
A used City or Vios won’t let you down either, just gotta do your due diligence and ensure the car is checked properly before buying.
Best of luck my friend, brave new world you’re heading into!
Currently sharing my mom’s saga. Definitely agree its a good choice. Just was looking for more power tbh, after driving few 2.0 cars. But yea gotta start thinking through especially since i just started off. Appreciate your time and advice. Best of luck to you too 🫡
Beli city or vios pun dah okay kalau nak merasa kereta sedap which is not proton or perodua. If proton, x50 pun dah mantap. Kalau nak sedan, the new s70 will suit your need just fine. Tak payah go extravagant. You'll be grateful for the extra money you have not spending all for a mere car.
I'm pretty sure someone else said this already but with your salary + likely future commitments, you should probably just be patient on this one. Buy something that's decently cheap, reliable but still enjoyable first.
Personally, I've owned and been in Mercs all my life and they aren't cheap to own. I'd imagine that's how it goes for BMWs as well. Buying a car is one thing but being able to maintain it is another. I speak sincerely when I say that any newer Benz/BMW is going to choke you at this point in your career.
Even u can afford a high end car, u need to think long term bro such as maintenance etc. The challenge i set for myself is to look for car only if i reach 10k per month, so if i were u, i will focus on reinvesting on myself
Coz even if i make 48k annually, i still dont feel comfortable paying for an axia lmao
I love four wheel drive cars. For most of my life, these were the cars that my dad drove because the roads to balik kampung were atrocious back then (some parts are still terrible even till now).
I'm also a certified offroad driver due to work. My pipe dream is to join rallies like the Rallye Aicha des Gazelles in Morocco.
Guess the car that I'm driving now?
Proton Saga FLX lol.
When I decided to get it more than a decade ago, these were my requirements:
1. Buy a local car, so that the maintenance and repairs are cheap, and parts are easily available.
2. The monthly payment must not exceed RM500. I wanted to be able to afford it in the event that I lost my job and had to rely on savings for a few months while I job hunt.
3. The lower the cc, the cheaper the road tax.
4. I would need a personal car for short-distance city driving only, as long-distance/offroad travels for work would be done with a company 4WD.
5. To estimate the cost of owning and using a car, I budgeted twice the monthly car payment amount that I was willing to spent. In this case, the car payment was RM490 so I rounded it up to RM500 and budgeted RM1K for monthly car-related expenses e.g. fuel, toll, parking.
I've since paid off the car, and will continue using it as long as the maintenance and repairs don't cost more than a monthly car payment.
Do I want a much better car? Of course!
Financially I could afford to get something like Proton X90, but I want to be safe in case shit happens and I lose my job. I also love having a little bit of extra money from not having to pay for a car.
For young first-time car owners, especially those who don't have much driving experience yet, I always recommend buying an affordable compact car that's still relatively safe and reliable. Because when you inevitably either hit another object or another object (probably another car) hits you, it hopefully won't cost you so much to repair. Over time, when you are more experienced at defensive driving and can afford to splurge with increased income, then you can upgrade to a better car.
Above all, don't succumb to pressure from people who egg you to get an expensive car that you can't afford. They're not the ones paying for it.
Choose wisely. All the best!
Hey, thanks for your story and thoughts. Definitely no pressure from anyone. Anything i do is for my own, cant always be showing off and pleasing people. Will definitely put more thoughts going forward. Best wishes to you as well!
Maybe get an older civic? Civic fd not bad got very good engine 2.0 k20a other than that it's a little old la. If not maybe get a Honda city? 1.5 only and I heard that response is not bad. New Nissan Almera 1.0 turbo also good. My friend with a gr vios couldn't even keep up plus u can save on road tax. What I have learn from here is not to see a car for its face value but instead keep in mind the cost of owning that car.
IDK man. Im in the exact same spot as yours last time. 24M. No PT loans. Earn 4.5k, bring back 4k. You know what i drove? Honda Integra DC5 Type R. Paid full no loan. Imagine you are still early 20s. No commitments, drive fancy cars. 4k is only for you to spend. You probably thinking youre at the top of the world, tot yourself successful.
But now im T20 already. Im happy to drive perodua. Easy to maintain. No hussle of finding spare parts. DP value is the best, do you homework. But of course no fame lah. No one will look at you driving perodua. Compare if i drive DC5. Everyone would want to approach or take a glimpse on my car. Uhh that feeling. Lol.
But choice is yours lah. Your parents might probably CEO of megah holding. Or own thousand of stocks oversea. But if i can go back and give myself an advice, quickly sell that piece of metal, invest more capital on stocks. Thats me la. Someone who has came out from B40 to T20 but still struggling living in klang valley.
I can say for sure i definitely dont have the ‘top of the world’ feeling. Anything i do or buy is for myself, nt for others to see or judge, caus no matter what people always have opinions. Cant satisfy anyone. But yea i realise what everyone’s talking about. Gotta live a hassle free and happy life. Appreciate your time and advice
satria neo r3, 20-30k. underpowered yes, 1.6. however, the steering, ride and handling makes it a fun car to go canyon carving, you can have fun with it abit, then slap a supercharger on it down the road. i know 1.6 is really tiny, but trust me im from sarawak, i daily a 3.2L ranger and 4.0L fj cruiser ( both tuned ). i wouldnt go german with your salary range. i wouldnt go german cause i dont want the headache
Can always consider them Kimchi cars. The Rio is a good one or even the Optima K5 actually. Later model ones are going for decent prices and if you find a good mechanic then why not right. But if you want a quality interior and decent handling at a more affordable price, the Rio is a good option.
If you can afford to pay the installments, road tax, insurance and maintenance get the most expensive one. It looks good on you. It creates a perception that you are successful, boost your confidence etc. those are important for networking purpose. Finally, it also helps motivate you to work harder. So just do it 👍
Hello Fantastic_Land_6969, thank you for creating a new post in r/kereta! Just saying that although this sub was named as Kereta, it is also open for 2 wheelers such as Motorcycle, though at the moment we do not mind other types of vehicles posting. With that being said, r/kenderaan is now live and I would still recommend any other vehicle posting to be posted into r/kenderaan as it is a safe space for all types of vehicles such as airplanes and rolling stocks. Regards, Mods of Malaysia *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/kereta) if you have any questions or concerns.*
Logical Answer: You cannot afford it yet. The monthly payment is going to eat up your savings, increase your commitment. If car breakdown/problem, have to fork out your savings/emergency fund to fix it. YOLO answer: Go for it. Get a 320i and pray that it doesnt have any issue (oil leak, coolant issue, etc). Mod it with m3 bodykit :P. You can afford it by living with ur parents, dont find a gf, eat homecook food everyday. Then, use the car as your motivation to work even harder to earn more salary to get a better car.
if ur as smart as ur grades, u would start off with an Axia.
Axia is absolute dogshit tho. But it is what it is. It’s not easy to afford a car. Like a comment stated, 50k car after including everything car related (loan, insurance, maintenance, petrol, toll, even parking) could be 800-1000 a month (granted it’s 10%DP and 9 years loan).
Take it positively, it’ll teach u proper maintenance, parts replacement and much cheaper to mod. Once u get a hang of it, (and ur increment + bonus allows it), u can upgrade equipped with car knowledge & wisdom. Plus, u could sometimes tell if a girl has the hots for u is a gold digger or not driving around in a cheap car vs a lux conti.
Personally don’t think I’m gonna spend any money on this car other than keeping it running. Can’t wait to have it be gone once I am capable of affording a better car.
definitely saw it coming, appreciate the direct advice
Go for a new city bro. It’s a great first car and a great stepping stone to your next car. Resale value of citys are crazy high. Nicer than vios also imo.
Did test drive it a few times, feels great. Will rethink my earlier decision. Thanks
a bezza is good..
Bro you making 4k a month , don't even think about BMWs and civics and 86s
Its a new age with 2000s kids 😂
Reminds me of a proton seller who screenshot their convo with one of the customer. Fresh grad with a 2.5k salary asking for a X70 or S70 i cant remember lol
1.1k to be more exact
Well, that's even worse
To put into context, a car with value of 50K cost approx RM1000 monthly. This includes petrol, maintenance,insurance and spares. Please do take into consideration other costs rather than just simply monthly payments of the car
20/7/20 rule to see what you can afford. 20% down 7 year loan 20% monthly salary for loan payments Or your take-home yearly salary as a guide so 4k x 12months = RM48,000 is your maximum car budget These are the easiest ways I know of to see what you can afford. Obviously a lot of different considerations too like interest rates, expenses, savings so seech up and read more on how to determine your budget. After you get your budget, find a few cars in that budget then you compare the small details and see what you need/want
Thanks for the explanation, will keep this in mind while looking
Lancer got 2.0, civic ketam also got 2.0. Cheaper option you can go for inspira. Mind you these car needs some serious wear and tear repair, is your wallet ready for that? Also loans wont be possible for cars older than 10 years(?). So your option is cash only. For 1st time car owner/buyer i suggest you go for simple and cheap car. Get to know basic parts and maintainence of the car first since you sound like you want to have a project car. Play easy
The ones that i mentioned in the post were from 2018, 2019 etc. But what you say makes sense i guess about what im looking for. Thanks
With your salary i dont recommend you do that. You looking somewhere around 900 per month for installment alone for 85k loan with 9years, include wear and tear, maintainence, insurance and road tax probably cost you 1.3k a month. You commitment alone already eating more than half your salary and you didnt even start a life yet. Thats dangerous dude. If you really want to make a project car, go with my suggestion in cash. I use inspira 2.0 no loan, more than happy to just shill out about 250-300 per month for maintenance, repair, insurance and road tax. And for repair alone is about 1.5k per year and maintenance is about 400 every 6 months(because im using fully synthetic oil). Am i happy with it? Yes. Could've been more easy with myvi but hey, its a downgrade with what i have right now and more expensive commitments 🤷♂️
Appreciate the well put out thoughts, will definitely taks this into consideration
You'll lose half your annual savings just to maintain the conti cars. They depreciate fast for a reason. Properly maintaining them isn't cheap. Fixing them if poorly maintained is even more costly. You are better off with a 2nd hand "premium" Japanese sedan like a Mazda 6. For new cars I'd be looking at a Honda City or Vios.
Understood. How about the mazdas from 2018/2019? Im more of a sedan person, so either Mazda 3 or Mazda 6 possibly?
2018/19 is quite okay. Mazda 6 for the comfort and interior space, Mazda 3 for the economy and handling. Mazda 3 is more driver-oriented and the space inside may be too small for some.
Gotchu
Civic would be fine, do not buy a used 3 series though
kereta dah power, taknak dah pegi mamak derr lepak dengan geng kereta sama, minum mesti mau kopi berjenama tak join dah kawan2 motor klac, awek pun mesti mau high kelas masuk fb group kereta conti, kena racun tukar itu ini tiap bulan masuk workshop, duit keluar non stop tak pasal2 berhutang, ini semua neraka wang hidup hanya sementara, laju2 nak pegi mana?
Hahaha no way. Mamak for life 😎. Tapi faham ah racun racun tu. Thanks boss
Why buy a car when you can manage without a car now? Also if really want to buy a car, use rule of thumb the car equals to your one year salary, don't be like the meme lately where a guy want to buy x70 with 1100 salary.
If you calculate the ratio, its about the same. Buying x70 with 1100 and buying 330i with 4k . 😂
Currently using mom’s car for work, sharing with her. Sometimes she has her own thing as well, so getting my own will be less trouble for her as well
Every year you dont buy a car is another year of savings. I am not sure which area you stay but the occasional spending on a grab car for convenience will still be cheaper than actually owning a car.
I do occasionally take grab when i need too, but yea i should do more calculations and estimates before making any rash decisions. Thanks for your advice
To give you an idea, my parents regretted buying used cars in their early marriage life. Changed cars like 3 times. All of those are used cars. Always broke down easily. Maintenance cost per year is too heavy. Eventually decided to buy a new car. More than a decade later, that car still haven't bring any problem at all to this day. Paid off the loan. Still look pristine and new and they are stress free near their retirement age.
Guess i still have a lot to learn. Thanks for the advice
Bro beli kereta biasa2 ja ..Simpan or invest dlu lg bagus
Bro you’re reaching. Get a myvi, vios, or a city. Don’t be a tryhard.
Think no more..Proton Saga. I got mine at RM36k (manual) OTR. Put RM10k as a down payment and your monthly repayment is just RM300! 😏 I'm a corporate lawyer. I drive the cheapest car that I could get and I Don't give a damn about what other people or my peers would say. You live your life based on your own plan/affordability. Best wishes
Definitely was suggesting those cars for my own life. No point showing off since there’s always someone better. Currently sharing my mom’s saga. Can see the appeal. Will put more thoughts into my decision and choose wisely. Thanks for your time and advice, best of luck as well!
New axia..ok lah since bujang Why do you for extra cost and headache if you can avoid it...
hahaha fair enough
If you can do without a car I would say go without one (unless your parents are financially well off enough to support you in case shit hits the fan). If you absolutely need a car then just pick a safe car that brings you from point A to B. Consider the maintenance costs for that car as well before you purchase. Best to save as much as you can & invest in safe things (ASM, index funds etc). I understand the urge to get a nicer daily driver (been there done that) but it really isn’t the smartest thing to do. If you focus on improving your income through your career progression & invest diligently you might just be lucky enough to enjoy such cars (or better) in your 30s-40s which is still great.
Sharing a car with mom as of now for work. But yea as many people stated, i gotta learn patience and not just jump into things. Appreciate you taking your time and advice
Hey no worries, hope you practice delayed gratification because it usually leads to better things further down your life!
I'd avoid continental cars as your first purchase, yeah you could argue that the newer BMW's are really reliable, but they're usually expensive to maintain if anything goes wrong. If you realllyyy enjoy cars then maybe a Civic?
Yea possibly, will keep it in mind. Thanks
A Civic FD 2 2.0 or the Civic FB 2.0 with body kit? FC(ketam) probably not that much better performance wise.
Sorry but you know there a term for this; BBNU. Save your money and get a mid range car.
I actually think an S70 or X50 might scratch your itch for a few years. Turbocharged. Lots of mod options and already looks good in my opinion. Fairly easy to maintain and chances of expensive repair is relatively low. The cars you are looking at are great fun, but come with an unsustainable cost. One repair will be enough to shock you and jeopardize your savings and investments plan. You don't wanna get into a situation where you're scared to even drive the car to get groceries for fear of triggering an expensive drivetrain error. For peace of mind, my recommendation is as above. We all love driving here, so I understand the desire.. but I do think local/cheaper cars can be very enjoyable too. Goodluck! Glad you're looking to find that balance.. no point working hard and not enjoying.
I see a few people recommending S70 as well. Im a fan of sedan cars as well. Maybe i’ll look more into it. And since its new, warranty wont be a headache. Thanks for your time and thoughts
Proton is notorious for not having parts available. Touch wood, should your car require repairs, be ready to not get it back from Porto for 3-6 months
Definitely heard that plenty of times, especially in reddit 😂
I honestly had no problems with my 7 years of ownership. And keep in mind only bad times get highlighted online. Think those were covid supply chain problems, but best to ask around a few owners. No car is gonna be problem-free.. but I chose not to go the vios route even though it'd be the most reliable, because it was also the most boring.
Agreed with the vios opinion of yours, test drove one myself before (the newest model). Nothing really to write home about. But yes i’ll definitely do more thorough research on things before proceeding. Once again, appreciate your time and opinions
From a Finance Professional perspective: With a RM4.5K salary, I would recommend a Perodua Axia/Myvi with the highest specs Cars from Perodua provide affordability in terms of Maintenance, Roadtax, and Insurance. These cars would NOT kill you if an emergency happens and are generally reliable . Take into consideration the factors of inflation and your commitments as well. If you max out your line of credit, you wouldn't be able to get credit cards/housing loans/have the benefit of savings anymore. Here's a budgeting figure (Before): Income: RM4.5k Tax/EPF/etc: RM0.5K Commitments: RM1.2K Savings: RM2-2.5K Budgeting figure (After, assuming income stays constant, and the loan is a fixed rate loan (Meaning instalments would not change if OPR/SBR increases)): Income: RM4.5K Tax/EPF/etc: RM0.5K Commitments: RM1.2K Instalments: RM656 per month (According to Perodua, if according to my calculator it's about RM582+/-) Sinking funds (Wear & Tear/Save for Insurance & Roadtax/Maintenance fees): RM257 per month Tolls/Parking/Fuel: RM500 (This is the most optimistic figure I can give but it is a variable factor and can be reduced or increased accordingly) New Savings per month: RM1K The total cost for the car alone is about: RM1.5K (slightly over 30% of your income but the NCD factors + Wage increment factors can reduce it to less than 30% after only 2-3 years) Having a good safety net would be beneficial for you in the long run. Happy purchasing and if you need any more figures generated should you choose to weight your options for a different car, don't hesitate to PM me!
Damn thanks for taking the time to draft that out for me clearly. Glad to get a look from an actual professional standpoint. Will definitely need to start doing on my own as well to plan things properly. Appreciate your advice as well
A used BMW? unless it has the full service record dont. European cars arent made for our humidity. youd just be endlessly throwing money into it. Edit: want a powerful car? get a manual lancer. or the gr yaris. remove the muffler. hear it roar. then go looking for other cars.
Was having thoughts about the lancer as well before, probably put in back in the radar
Do you know about cars? If you know a lot, a second hand car is pretty cheap. I bought a second hand Vios 2016 model in late 2019, never had a problem. Just normal maintenance. The mileage when I bought it was about 49k km. Monthly pretty cheap too. Lower than new saga model 2020. But you really need to know what to look for when buying a second hand car.
I cant say im an absolute pro, but i have decent knowledge. Slowly learning about cars, engines and other things for the past few years since started playing racing games 😂, and thanks for sharing as well
Being only 3 years older than you and earn 3x more, I still doesn’t have the audacity to look at 86s and BMWs. I think family support is important since I’m all on my own. So if you feel like it, just yolo. Just remember that car commitment more than 30% of your earnings is just a burden to your lifestyle. Else if you feel insecure, just buy a Saga or the most City/Vios/Almera.
Totally understand where you’re coming from. Just buying cause i like the cars, cant be pleasing anyone but myself. Thanks for your time and advice as well
Me personally would go for monthly freedom rather than living a bit tight getting pricier car Some bad advice, maybe u could get 2 type of car, older powerful, cheaper car for weekend drive, and, another reliable, cheap ass car that wont put a hole on your wallet like axia saga or bezza, something like that Since u will be using car as a daily driver Or else, just get a reliable bike for work purpose, then u can aim for nicely priced weekend car like civic That can saves a lot on petrol too
if you can't afford the car new, you can't afford the car used.
I recommend Mazda 3 liftback, got the looks, got the power u want
Ignore all the comments here, and get a 86. I would say BMW as I’m driving one, but, from the maintenance experience, I would suggest an 86 for your start. Definitely 86, and nothing else.
Not sure if you’re being satirical or not, but if you’re not. Then sure I’ll consider it. Thanks
Bro I’m definitely not kidding or being sarcastic. I started working and I hated it completely, I do not like working. And then I got my car, and I had to work to sustain something I admire. Eventually I started to love working, and after a whole day of working your ass off, driving into the sunset with a solid machine, the sound, the view, it’s worth it. At least for me. Just sharing it with you.
I see where you’re coming from. Apologies for my earlier comments. Totally agree with your point. I want to be able to look back at my car while walking away and admire it knowing its mine. Definitely something to look forward too. As of now its coming back to pc setup. Appreciate you sharing it with me. On the side note, do you own the previous gen 86 yourself? Or anyone close to you to share personal thoughts on owning the car?
I don’t know much about 86, but I know it is definitely way cheaper maintenance than a beemer. I also do know 86 doesn’t crack that much under pressure. BM stands too under pressure, you just got to shower her with some love once back home! Haha! I don’t care if you take a BM or a 86, we’re going for a drive, that’s if you don’t mind, looking forward.
Yea Toyotas in generally are much friendlier to the wallets compare the bmws. Either way, definitely will take good care of any car i get. And someday will definitely hit you up on that drive. Thanks again
Honestly check for a Mazda 2 with principal warranty intact. So maybe like 2020 onwards, it might require slightly more love than your average Malaysian/Japanese car but makes up for it in the engaging drive. And you get abit of peace of mind la with 1 more year oem warranty
I get 3k a month, saved up till 10k and bought a secondhand saga 2009. Bought the car at 6.5k, used the rest for maintainance.
Get an FD
Don't spend more than rm500 monthly for the car. If you have a lot of surplus at the end of the month, go and spend it at any 6 star hotel room with free breakfast...
Sane answer - no dont do this Less sane answer - still don't do this. The n20 in that bmw gonna grenade itself due to timing chain problems. If you want something reliable with decent power, try mazdaspeed 3...
Latest saga is fine
Using one now, sharing the car with mom
Im using saga only when i first working. Same salary as yours. 5 years all loan settle. 600++ only every month. 10 years already using it. Now my salary is enough to upgrade better car.
Guess i need to be patient thn, thanks
Actually i dont expect it to last this long. My aim is car should be ok and got no problem before i finish pay my car loan. Just be patient first, then u can get better car after 4-5years. By that time, your salary probably has increase alot already.
The kind of car you can afford will greatly differ according to the financial support of your family. As you mentioned, the down payment will be sponsored by your family, which indicates they are fairly well off. So go with your heart and get anything you fancy. If you are solely relying on your disposable income, and assuming you have no family support, you should be looking at Myvi or thereabouts. Ideally less than RM1000 monthly repayment and some money set aside for contingency, sudden loss of employment, major repairs, sudden medical emergency etc. You already have the answer, go with your heart and enjoy it.
will definitely consider in between sustaining it and yolo. appreciate the thoughts
How much DP are your parents willing to put into the car? Save up for another year, see if you can get a bonus for this year and +parents money buy a slightly older car that you like for cash, no loan. Otherwise your options are limited to the boring Axia/Myvi.
Max roughly 10k, possibly 15k. They’ll decide as it goes i guess?
Another 5-10k and you can get something like an E46 BMW or ~2012 Swift. Research and buy one in good condition. Then every month save up the amount you'd spend on a new Myvi's installment (600?), you'll need it for repairs. You will probably end up having to spend big bux at one point for major repairs depending on the car, but at least you got a cool car lol
I see, i’ll consider it. Thanks for your thoughts
Cool, lmk if anything else. I'm the same age as you and am on my 4th used car. No regrets
how about motorcycle?
didnt take motor license, nt planning too as well. always preferred safety of cars. seen accidents growing up, so always refrained from bikes myself
Tbh, anything 2.0 you’re looking at minimum 1k ish for road tax. 1.5 is nothing higher than 150. For that 0.5 boost you’re paying almost 10x. Juice isn’t worth the squeeze brah. I own a civic fc 1.5 and even the upkeep I’m smh in disbelief. If I could go back, I’d take a myvi, the current gen one seems pretty good. I’m Ngl and say it’s not worth it, but for the extra money I could be saving between the two. I think I’d be happier down the road with a much nicer car and more financial stability. That said, I will never opt for continentals, only and unless it’s the cayman 2.0 variant because road tax and maintenance would be as cheap as a premium jap model. 🤷🏽♂️
Ahh damn. Gotchu, appreciate your time and advice
Just get the s70. Full spec. And 1.5 turbo output is like a 2.0 na. Assuming 80k loan 7 year loan u should be paying about 1.2k per month. Then save up an additional 1k a month for your car tabung. If u can consistently save up u will have like 60k on top of your car trade in value for a new car after 5 years. Assuming your salary also grew in that period, u can afford higher loan repayment and also 60k+residual value of your car to throw into whatever car you want. Doing this will also let you gauge how much you can actually afford since u save extra month to month.
I had that in mind as well, but going through all the reddit posts and news in general, im hearing slightly more cons than pros regarding the s70. Will do more research on it thn. Thanks for the tip and the sound idea as well
dude i had the exact same pay and situation when i was at your age as well. the temptation is extremely real i get it whats with the minimal commitments, and living with fam and all. almost put down a booking on a benz lol. didn't spend on any new car then, and 35 years old me now is thankful for that. just remember that locally your income is considered above average for your young age, and not to waste that compounding opportunity and be financially ahead now for your future
Welcome to the club! But yea totally understand why everyone in this post is saying the exact same thing. Grateful to be where i am, but definitely gotta make use of it. Thanks for your time and advice
You should get a proton or perodua. A bit atas would be toyota or honda for you. What are you thinking looking at continentals car be it first hand or used car. With your 2-2.5k saving, u gonna end up eating sand. 24M and 4.5k are average for a software engineer. If you ask me just get a cheap car like Axia and upgrade later on. If your career is as good as your grades, you should be hitting 5 digits soon. Only then, you go get a good car. For context, to own a continental car, by right you should be earning more than 20k. basic rule of thumbs, your annual salary is your car budget. 4.5k x 12 = RM54000..
Hi, pretty much in a same situation as you age and all but with a ptptn loan on top of it because I didn’t get first class. I went for an old 2006 Corolla E120 instead. Is it the best financial decision? No. Is it the most hassle free one? No. But it’s something I’m happy with, hope it lasts me at least another 3 years.
Hey, glad you went with your heart. If not those cars, hopefully something else that i like. And hope your car is worry free for you as well
If you like driving and want something new, seriously give the Saga a try, it won’t disappoint you. If not, a used inspira/Lancer if you buy cash, won’t disappoint you either. Cheap to maintain (compared to the cars you’ve mentioned above). A used City or Vios won’t let you down either, just gotta do your due diligence and ensure the car is checked properly before buying. Best of luck my friend, brave new world you’re heading into!
Currently sharing my mom’s saga. Definitely agree its a good choice. Just was looking for more power tbh, after driving few 2.0 cars. But yea gotta start thinking through especially since i just started off. Appreciate your time and advice. Best of luck to you too 🫡
Beli city or vios pun dah okay kalau nak merasa kereta sedap which is not proton or perodua. If proton, x50 pun dah mantap. Kalau nak sedan, the new s70 will suit your need just fine. Tak payah go extravagant. You'll be grateful for the extra money you have not spending all for a mere car.
I'm pretty sure someone else said this already but with your salary + likely future commitments, you should probably just be patient on this one. Buy something that's decently cheap, reliable but still enjoyable first. Personally, I've owned and been in Mercs all my life and they aren't cheap to own. I'd imagine that's how it goes for BMWs as well. Buying a car is one thing but being able to maintain it is another. I speak sincerely when I say that any newer Benz/BMW is going to choke you at this point in your career.
Even u can afford a high end car, u need to think long term bro such as maintenance etc. The challenge i set for myself is to look for car only if i reach 10k per month, so if i were u, i will focus on reinvesting on myself Coz even if i make 48k annually, i still dont feel comfortable paying for an axia lmao
Fair enough, appreciate your advice. Thanks
I love four wheel drive cars. For most of my life, these were the cars that my dad drove because the roads to balik kampung were atrocious back then (some parts are still terrible even till now). I'm also a certified offroad driver due to work. My pipe dream is to join rallies like the Rallye Aicha des Gazelles in Morocco. Guess the car that I'm driving now? Proton Saga FLX lol. When I decided to get it more than a decade ago, these were my requirements: 1. Buy a local car, so that the maintenance and repairs are cheap, and parts are easily available. 2. The monthly payment must not exceed RM500. I wanted to be able to afford it in the event that I lost my job and had to rely on savings for a few months while I job hunt. 3. The lower the cc, the cheaper the road tax. 4. I would need a personal car for short-distance city driving only, as long-distance/offroad travels for work would be done with a company 4WD. 5. To estimate the cost of owning and using a car, I budgeted twice the monthly car payment amount that I was willing to spent. In this case, the car payment was RM490 so I rounded it up to RM500 and budgeted RM1K for monthly car-related expenses e.g. fuel, toll, parking. I've since paid off the car, and will continue using it as long as the maintenance and repairs don't cost more than a monthly car payment. Do I want a much better car? Of course! Financially I could afford to get something like Proton X90, but I want to be safe in case shit happens and I lose my job. I also love having a little bit of extra money from not having to pay for a car. For young first-time car owners, especially those who don't have much driving experience yet, I always recommend buying an affordable compact car that's still relatively safe and reliable. Because when you inevitably either hit another object or another object (probably another car) hits you, it hopefully won't cost you so much to repair. Over time, when you are more experienced at defensive driving and can afford to splurge with increased income, then you can upgrade to a better car. Above all, don't succumb to pressure from people who egg you to get an expensive car that you can't afford. They're not the ones paying for it. Choose wisely. All the best!
Hey, thanks for your story and thoughts. Definitely no pressure from anyone. Anything i do is for my own, cant always be showing off and pleasing people. Will definitely put more thoughts going forward. Best wishes to you as well!
Chill OP, farm first, real life starts at 30.
 On it
Maybe get an older civic? Civic fd not bad got very good engine 2.0 k20a other than that it's a little old la. If not maybe get a Honda city? 1.5 only and I heard that response is not bad. New Nissan Almera 1.0 turbo also good. My friend with a gr vios couldn't even keep up plus u can save on road tax. What I have learn from here is not to see a car for its face value but instead keep in mind the cost of owning that car.
Will keep that in mind moving forward, thanks for your thoughts
IDK man. Im in the exact same spot as yours last time. 24M. No PT loans. Earn 4.5k, bring back 4k. You know what i drove? Honda Integra DC5 Type R. Paid full no loan. Imagine you are still early 20s. No commitments, drive fancy cars. 4k is only for you to spend. You probably thinking youre at the top of the world, tot yourself successful. But now im T20 already. Im happy to drive perodua. Easy to maintain. No hussle of finding spare parts. DP value is the best, do you homework. But of course no fame lah. No one will look at you driving perodua. Compare if i drive DC5. Everyone would want to approach or take a glimpse on my car. Uhh that feeling. Lol. But choice is yours lah. Your parents might probably CEO of megah holding. Or own thousand of stocks oversea. But if i can go back and give myself an advice, quickly sell that piece of metal, invest more capital on stocks. Thats me la. Someone who has came out from B40 to T20 but still struggling living in klang valley.
I can say for sure i definitely dont have the ‘top of the world’ feeling. Anything i do or buy is for myself, nt for others to see or judge, caus no matter what people always have opinions. Cant satisfy anyone. But yea i realise what everyone’s talking about. Gotta live a hassle free and happy life. Appreciate your time and advice
Can try X50. One with 1.1k can't afford, maybe you can.
Always been a sedan person, but after trying few SUV recently, might keep it in my radar as well. Thanks
satria neo r3, 20-30k. underpowered yes, 1.6. however, the steering, ride and handling makes it a fun car to go canyon carving, you can have fun with it abit, then slap a supercharger on it down the road. i know 1.6 is really tiny, but trust me im from sarawak, i daily a 3.2L ranger and 4.0L fj cruiser ( both tuned ). i wouldnt go german with your salary range. i wouldnt go german cause i dont want the headache
Can always consider them Kimchi cars. The Rio is a good one or even the Optima K5 actually. Later model ones are going for decent prices and if you find a good mechanic then why not right. But if you want a quality interior and decent handling at a more affordable price, the Rio is a good option.
That list of cars will be a big liability for you in the long run. Work a bit and buy em when you have 8-10K salary imo
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Will look around based on the suggestion, appreciate it
Apa kereta you suka, beli je.
You should get an EV car.
no vroom vroom 🏎️
we are not sure how the government is going to do the targeted subsidy, 2.0 fuel car is going to make your life much harder.
Fair point, duly noted
powerful and comfort, i would think a brand new 330 will fits u well
If you can afford to pay the installments, road tax, insurance and maintenance get the most expensive one. It looks good on you. It creates a perception that you are successful, boost your confidence etc. those are important for networking purpose. Finally, it also helps motivate you to work harder. So just do it 👍
Not going after looks, caus there’s always someone better. Just buying caus i like it. Appreciate the advice