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used car monthly cost?

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midlet2013
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used car monthly cost?

Postby midlet2013 » Fri, 06 Feb 2015 4:34 pm

hi

can i buy a second hand car in singapore such that my total cost per month is less than 1000 SGD. the lower the better but the car should be decent enough.

thanks
m

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Re: used car monthly cost?

Postby zzm9980 » Fri, 06 Feb 2015 5:18 pm

Yes. Not hard at all. Look at old protons.

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PNGMK
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Re: used car monthly cost?

Postby PNGMK » Fri, 06 Feb 2015 7:49 pm

Look at sgcarmart - they have an option to search under certain values.

With a parf car coming up for scrap in a year or so the dealer is usually ok to disclose the final scrape / rebate value.

Subtract purchase value less scrap value and divide by number of months left before the COE expires and you have your 'cost per month' or what sinkies call 'depreciation per month'.

Sometimes the dealers will calculate this upfront for you.
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Re: used car monthly cost?

Postby Strong Eagle » Mon, 09 Feb 2015 9:19 am

PNGMK wrote:Look at sgcarmart - they have an option to search under certain values.

With a parf car coming up for scrap in a year or so the dealer is usually ok to disclose the final scrape / rebate value.

Subtract purchase value less scrap value and divide by number of months left before the COE expires and you have your 'cost per month' or what sinkies call 'depreciation per month'.

Sometimes the dealers will calculate this upfront for you.


Then, add insurance, road tax, if getting ready to expire, maintenance and petrol.

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Re: used car monthly cost?

Postby PNGMK » Mon, 09 Feb 2015 11:24 am

Strong Eagle wrote:
PNGMK wrote:Look at sgcarmart - they have an option to search under certain values.

With a parf car coming up for scrap in a year or so the dealer is usually ok to disclose the final scrape / rebate value.

Subtract purchase value less scrap value and divide by number of months left before the COE expires and you have your 'cost per month' or what sinkies call 'depreciation per month'.

Sometimes the dealers will calculate this upfront for you.


Then, add insurance, road tax, if getting ready to expire, maintenance and petrol.


True. Petrol runs at about $100 per week for me, Road tax at $1800 per year for me and maintenance is difficult to calculate as most of it these days is performance enhancement (but it's usually cheap).
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Re: used car monthly cost?

Postby ScoobyDoes » Mon, 09 Feb 2015 11:37 am

On engine size, car type, age and driving experience etc. you can get insurance around S$1000/yr or less and road tax for less than $1000/yr.

Maintenance and petrol is another issue.

It's quite an interesting calculation, and one I've been doing the last couple of months as I get ready to replace my current car. Buying a 1-2yr old car and keeping it for five years is more expensive, on a monthly basis, than buying a new one and keeping it for the same period, assuming brand etc. is the same.

I still have just over 15-months left on the CoE but the paper value is low based on the cheap CoEs 8-10yrs ago and no dealers are offering more over that on trade-in.
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Re: used car monthly cost?

Postby taxico » Fri, 13 Feb 2015 8:55 pm

the beater fiat 1.3 my wife uses is about 9k/year, and that's with all repair/running costs (insurance and 400km/week worth of gas money) included.

try to find something low maintenance or something that can go on and on without much care. the engine in her fiat is bullet proof with a 20,000km service interval... and won't blow up if the timing belt snaps.
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Re: used car monthly cost?

Postby chiongkakis » Mon, 23 Feb 2015 1:02 pm

i would say running cost for used car should be in the range of 1.5k (approx)

900-1k for loan (10k depreciation a year)
Season parking 90
Insurance 80
Petrol 200
Maintenance 100

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Re: used car monthly cost?

Postby PNGMK » Mon, 23 Feb 2015 2:58 pm

midlet2013 wrote:hi

can i buy a second hand car in singapore such that my total cost per month is less than 1000 SGD. the lower the better but the car should be decent enough.

thanks
m


Why does a midget need a car? You won't be able to reach the pedals?
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Re: used car monthly cost?

Postby the lynx » Mon, 23 Feb 2015 3:23 pm

PNGMK wrote:
midlet2013 wrote:hi

can i buy a second hand car in singapore such that my total cost per month is less than 1000 SGD. the lower the better but the car should be decent enough.

thanks
m


Why does a midget need a car? You won't be able to reach the pedals?


Do you really have to? :roll:

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Re: used car monthly cost?

Postby PNGMK » Sun, 01 Mar 2015 4:47 pm

the lynx wrote:
PNGMK wrote:
midlet2013 wrote:hi

can i buy a second hand car in singapore such that my total cost per month is less than 1000 SGD. the lower the better but the car should be decent enough.

thanks
m


Why does a midget need a car? You won't be able to reach the pedals?


Do you really have to? :roll:


I just can't help myself.
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roger_1988
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Re: used car monthly cost?

Postby roger_1988 » Sat, 20 Jun 2015 7:39 pm

I have friends owning a Honda Fit and he's paying 1.1k all in including car park, petrol and maintenance.

menudown
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Re: used car monthly cost?

Postby menudown » Fri, 03 Jul 2015 10:55 am

have you ever taught of leasing instead?
owning a car is costly nowadays...take into consideration that now you can only get a maximum loan of 60%


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