..to be another corporate drone driving a boring 3 Series BMW?
Even worse, why take a 9 year loan and buy a Kelisa? With the interest you can pretty much buy another car.
Yah I know cars are a necessity here, not a luxury, I know that, the public transport is so abysmal here I had to get a car ASAP or I was just stuck in the appartment festering, oh for good public transport.
I always wonder why people buy cars and break their balls to pay them off just so they can look better in front of their peers or something.
9 years of composite interest, the current rate is 4-4.5%, so let’s say 4% for 9 years, that’s 36%.
36% of interest, if it’s a Kelisa, that’s about 36,946, let’s say 40,000 on the road.
36% of 40,000 = 14,400
That’s huge, you can buy a decent second hand kancil for 15k.
You are being raped.
Then a BMW, that’s a RM280,000 car for a decent 3-series.
36% of that? You don’t want to know…a massive RM100,800, 100k you are paying to some shitty bank for an overpriced boring drone car to fit in with your peers.
Why do people do it, this whole Asian Face thing baffles me sometimes.
So they look good in front of their peers? So they can impress the girls? They break their balls paying RM3000 a month out of their RM5000 salaries so they can drive a BMW.
Then they drive the goddamn beemer at 80km/h in the fast lane because they can’t afford the petrol to go any faster..
All of this adds up to Road Rage incident in KL.
Back to the point anyway, why spend so much on a car, why, what’s the point? Why burden yourself, even with my 5 year loan I feel pain, that’s why I took a lump sum and reduced it by a year..
20% of the value of my car, just for lending me the money to buy it, that’s cut-throat man.
The necessity of cars and the poor public service allows the banks to become cut-throat loan sharks.
And the government with it’s over inflated prices for overseas cars, it all adds up to a poor consumer at the end of the day, plus we still have to pay Road Tax for roads with holes in and tolls…The tolls which shouldn’t even be there any more.