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MPV - Buy or Lease and which model for 2K/mo?

Discuss about car leasing and rental in Singapore.
b-man
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MPV - Buy or Lease and which model for 2K/mo?

Postby b-man » Sun, 25 Apr 2004 3:57 pm

Am looking for an MPV for my family. Am new to Sg and will often have house guests to tote around. Two kids 8yrs and 18months. Trips to Malaysia. Have a budget of S$ 2000/mo. Is this possible :?:

Pal
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Re: MPV - Buy or Lease and which model for 2K/mo?

Postby Pal » Sun, 25 Apr 2004 6:27 pm

b-man wrote:Am looking for an MPV for my family. Am new to Sg and will often have house guests to tote around. Two kids 8yrs and 18months. Trips to Malaysia. Have a budget of S$ 2000/mo. Is this possible :?:


There is a wide variety of MPVs in Singapore. Like the Honda Stream, Odyssey, Toyota Picnic, Estima, Nissan Praire etc. Can't really recommend one, my best advice would be go for a test drive!

Price ranges from about $100k to $130k for brand new MPV.

Lets assume that the price is $130k, pay 20% cash and 80% loan for 7 years (100% max loan for 10 years max period).

Cash upfront - $26k
Road Tax & Insurance - Around $3.5k to 4.5k
Loan amount for 7 years - $104k
Average interest for 7 years 2.5% - $18.2k
Monthly instalment will be $1,455
Approximate petrol per month $500

Total cost per month - $1,955

As you can see $2,000 should be enough for a good Japanese MPV, provided you have the cash to pay for the initial 20% and loan for 7 years for the rest.

Hope the above helps :)

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jpatokal
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Re: MPV - Buy or Lease and which model for 2K/mo?

Postby jpatokal » Mon, 26 Apr 2004 8:05 pm

Pal wrote:As you can see $2,000 should be enough for a good Japanese MPV, provided you have the cash to pay for the initial 20% and loan for 7 years for the rest.


Um, aren't you forgetting the cost of the COE here? Around $28k the last time I checked...

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Postby Pal » Mon, 26 Apr 2004 9:53 pm

I didn't forget ... assumming the $130k is inclusive of COE

jivintan
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Buy or Lease MPV

Postby jivintan » Thu, 06 May 2004 6:59 pm

b-man,

you may contact me @ 63865295 or GAL_Jivin@yahoo.com.sg for detailed comparison.

Thanks and regards.
Jivin

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Postby Guest » Mon, 29 Aug 2005 7:39 pm

MPV - Buy or Lease and which model for 2K/mo?

jivintan
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Car leasing

Postby jivintan » Tue, 30 Aug 2005 10:01 am

Anonymous wrote:MPV - Buy or Lease and which model for 2K/mo?


Hi, most Jap MPV 2.0 would meet your budget.

Thanks
Jivin

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Postby dot dot dot » Tue, 30 Aug 2005 6:00 pm

I'd say any MPV is possibe for 2K per month.

For the best choice, that is so personal.

For less than 2K you could opt for the latest Toyota Fortuner 2.7vvti, although it is more of a SUV (with 7 seats). Reliable, good quality, good driving, spacious, good choice as Toyota will maintain its value when selling away again.

Leasing or buying? Depends on your mileage, how long will you stay here (buying requires a loan of 7 or 10 years), preferences etc.

Eric


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