Dear fellow CSers & car owners,
Need some help in car issues cos I am very noob when it comes to car issues
It has come to me that I realised I need a car for most photo asssignments, fetch ppl, go 2 ppl world with wife...etc. Sharing a current family vehicle with parents now created more problems, as in my father likes to kpkb if I wanna use the vehicle.
Saw this ad at a local car forum:
Mthly installments, admin fees, ownership transfer fees, car insurance, road tax, petrol cost we put aside first, my question is:
1a) The COE of the Mazda and Toyota is 1 year left and 8 years left respectively. The price for Mazada is S$18k and Toyota is S$17k. Does that mean if I choose the Toyota, suppose if I have S$17k, I pay the dealer the whole sum then the car is mine to drive for another 8 years?
1b) Then if I choose Mazda, meaning after payment, I can only drive for 1 year???
2) If I choose bank instalment (which the car dealer do for me), then I need to repay S$17k plus interest to the bank or dealer monthly over the remaining 8 years for the Toyota?
3) Suppose if I buy from an used car dealer (the Toyota), besides the loan for the machine and admin fees and first month installment, what else I need to pay?
Not in a hurry to buy, just ask around first. No flaming please...
Thanks a million in advance