Been so busy lately. . . Why buying cars isn't really worth it..
Hi everyone, I guess you din see me post much these few days.
Days have been really busy. Been busy as a B.
I have sent my Car to the workshop as of today. I also sold off my other car.
My car is going to be out in a week. It's going to look brand new again.
One whole week without a car. Luckily, my house is in the heart of the city.
Recently, I found out about cars that I think makes it a pretty risky to have lots of cash invested into it on the long run.
A few months ago, I was planning to sell off one of the cars in my house, so I made a post on Facebook. There was one buyer at that time who was interested to buy it on loan. I went to the bank and inquired about the necessary procedures required in getting a car loan. The banker told me that any car that was more than 10 years old can't be loaned.
I had this thought then.
If I buy this really expensive car, a BMW or Mercedes
and got a loan from the bank. After paying a 9 years loan, I can't sell it for the price it was bought at. I doubt anyone having that much cash to buy my car. What's the point of buying such an expensive car? Parts in the car get damaged and usually the car depreciate faster than what we pay for.
I still have roughly three and a half years before paying off my current loan. Imagine instead investing all those cash into an investment account but then again, I need a ride to get to places. What do you think?
Wow yeah busy life. Hi bro. Yeah if not for needed a car for work, I won't buy one last time.
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Hi hi.... You got a car in miri right? Yea lo... Better not get an expensive car. Just a normal one should be able to serve the purpose. 😂😂
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I don't have car. It needs much cash on maintenance. That's why use Uber/ similar service. And I am happy with it.
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Hi hi.. Remoon... Morning... There is Uber at your place? There used to be in Malaysia but it has been beaten by a local company Grab. A lot of maintenance for a car. I spend time washing it for hours cleaning and then the servicing which isn't cheap. 😊😊😊
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