For those who want to own their 1st car, it is a wise move to buy a 2nd hand car.
Example:
Buy a 15 years old proton saga 1.5i ( automatic , power sterling)
Cost: RM5000 (pay CASH)
Insurance: RM277.50 ( comprehensive), can even buy 3rd party insurance – cheaper
Old CAR?? Believe me, the maintenance cost is much lower than the interest payment if we get a new car!
Use the car for 3-5 years, and then only buy your dream car:
Example:
Buy a new Honda Civic 1.8 iVtec
Cost: RM113,800
Insurance: RM3225.90 , after No-claim Discount (NCD) 55% – we only need to pay RM1451.65
That means we save RM1774.25 every year onward of car insurance premium!
RM1774.25 x 3 = RM5322.75
So, can we consider our 1st car FREE?
Photo by christos_m
visit here to calculate the motor insurance premium
http://www.autoworld.com.my/partner/hla/calculators/pcmi_cal.asp
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Wow! This is the first time I saw this kind of calculation. It’s very usefull for people who just graduated or going to graduate soon. Thanks for your information. I will share the info with my friends.
This is an excellent suggestion. Lucky that you brought up this post again.
Thanks
Thanks.
Well who wouldnt love to get a car for free
Specially their first car
provided you dont cause an accident and end up losing your NCD!
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