Axia Owners ARE Malas
11:52 PM
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FB post on Perodua Axia |
I do agree that Axia owners are lazy. MALAS.
Malas to pay high road tax,
Malas to work more for JUST a car,
Malas to queue up for cheapER petrol whenever the prices suddenly naik.
I'll use iMoney's loan comparison as a guide.
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Axia 1000 SE Automatic Metallic |
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Have to use Viva's as Axia is not available |
Price: RM 40,200
Financing at 2.95% interest for 5 years: RM 765
Cost for 50km trip: (50km / 20.1 km/l ) x RM 2.30/l = RM 5.72
Cost of going to work per month: (5 days x 4 weeks x RM 5.72) = RM 114.4
Savings in a month: RM 2,500 - (RM 765 + RM 114.4) = RM 1,620.6
Vios:
Price: RM 77,313
Financing at 2.7% interest for 5 years: RM 1,457
Cost for 50km trip: (50km / 14.3km/l) x RM 2.30/l = RM 8.04
Cost of going to work per month: (5 days x 4 weeks x RM 8.04) = RM 160.84
Savings in a month: RM 2,500 - (RM 765 + RM 114.4) = RM 1,620.6
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Vios 1.5 J Automatic |
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Vios financing at 2.7% interest |
Price: RM 77,313
Financing at 2.7% interest for 5 years: RM 1,457
Cost for 50km trip: (50km / 14.3km/l) x RM 2.30/l = RM 8.04
Cost of going to work per month: (5 days x 4 weeks x RM 8.04) = RM 160.84
Savings in a month: RM 2,500 - (RM 1,457 + RM 160.84) = RM 882.16
If I drive an Axia, I can save RM 1,600 into my savings account per month. After 24 months, I have enough savings to pay for a down payment of a RM 360,000 apartment. Ridzuan Condominium in Sunway seems like a good buy.
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Do I stay there myself? No, I rent it out for RM 1,800. My cash flow (Rent - loan servicing; RM 1,800 - RM 1,520) would be RM 280.
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Random search on PropertyGuru |
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Home loan comparison from iMoney.my |
The conclusion is, I CAN be malas when I drive an Axia as I can have a positive cash flow from my investment.
Of course, these are all theoretical. I haven't even factored in inflation rates and RM 2,500 might not be enough for some. Furthermore, buying a property is more than just having enough money for down payment there are stamp duties, legal fees and maintenance fees to pay. But the point is;
A CAR IS NOT AN ASSET. The price won't appreciate and you will have to splurge more money as it gets older.
MOfrust
2 comments
Yes car is not an asset. House can be either your asset or liability. Let's together towards financial literacy and become sophisticated investor.
ReplyDeleteCurious about the interior of new Perodua Axia
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