Should i sell my current car and buy and 2nd hand car to run away fixing it?

[ajmacia2]

@giagwe Yes, sell it

 

[thebigkahuna12345]

@giagwe Sell it

 

[vivienne]

@giagwe Bruh, with that money can put downpayment for myvi or persona. Both great cars. But hey you do you.

 

[giagwe]

@vivienne Downgrade and i require to make a loan, which im not planning to do so at the moment.

 

[hams]

@giagwe Even if you change to other cars, wear and tear still happens and you still need to fork out the money to fix them. Just keep the car.

 

[giagwe]

@hams If its cheaper to fix then i might be saving some money instead no?

 

[johnny4christjesus]

@giagwe Just buy a new model axia, after 5 years it would have a resale value of 70% -/+

40k+ is still ok... And you don't need to pay a lot if you pay using the sale of the current car as a down payment...

Maintenance wise is ok and not expensive.... And won't have any major issues within 5 years... After 5 years would be normal wear & tear issue

 

[giagwe]

@johnny4christjesus With that in mind, loan calculator shows its going to be around 320 per month at 3% interest for 9 years. If lower tenure then will it has lower interest or higher?

If I stretch for 9 years loan realistically it is already lower then the expected annual maintenance cost of the inspira. But then the interest might bite me back... but... i should be able to make full settlement in less than 5 years, considering my current cashflow with 9 years tenure.

Can you give me more advise on this?

This is full spec axia btw