Buying New Car and Used Car in Malaysia
There are many brand of new car and used car for sell in Malaysia. To buy, you need to know what actually you need and the budget must fits your needs.
For example, because of the fuel price getting higher, you need to consider which car is the most fuel efficient available in Malaysia. if you are not worried with the fuel price, then think of another main criteria to choose your car. Maybe you need spacious vehicle then go for MPV. Other criteria is performance, design, luxury and technology.
Then you decide to between used car or new car to buy. There are some advantages and disdvantages of new car and used car.
New car vs used car. Which car is right for you?
Consider the following.
Owning a brand new car is exciting. But financially speaking, it makes more sense to buy a used car. As soon as you drive a new car off the lot, it loses a great portion of its value. This is because your car is no longer “new”.
New cars lose about 40% of their value within 3 years, then depreciation starts to slow down. Why not buy a used car and allow someone else to take that depreciation hit?
The previous owner will have absorbed the steepest part of the depreciation cycle. At that point the costs of owning and operating the car will be reduced. The money you save on depreciation will surely go a long way.
Another benefit of buying used car in Malaysia is lower cost. By buying used car you pay less. You will also save on financing costs, insurance premiums, registration and licensing fees. You don’t have to worry about paying sales tax.
Malaysia used car? Is it worth for me?
As with everything else there are a few downsides to buying a used car. There are greater chances for costly unwarranted repairs. You may very soon have to do major maintenance on your used car, including replacing tires, battery, brakes, muffler, and perhaps even the transmission.
A used car is usually less reliable. You don’t know exactly what you’re getting into and how the previous owner treated the car. However, every situation is different and some used models may actually be far more reliable than some new car.
So, Get and read tips to buy a used car!
If you can pay cash, go with the new car way. Enjoy the feeling of knowing you’re the original owner of a new car in mint condition. Nothing can replace that feeling.
Otherwise do not hang your hat higher than you can reach. Practice financial prudence. Save your money and comfort yourself knowing that one day you will be able to afford that new car of the dream car. One day when money is no object.
For info, interest rate for used car or used vehicle is around 4-5% per year.
While new car, new vehicle or unregistered car interest rate of loan is 2-4%.
Usually for local or Malaysia new car interest rate is higher than outside new car such as Honda and mitsubishi.
What you say, readers?
Beli kereta terpakai atau kereta baru sahaja?
P/s: jawab jangan tak jawab.
mmm.. kalau ler nak pikiak skarang ni, nak beli kereta baru, mahal sangat. Beli Kereta Terpakai murah tapi risiko rosak pulak. Beli jela kereta baru! wawawa
what’s the tips for buying a used car? normally, what should we look for? if i choose to buy a used car, what is the best between go directly to the dealer or can i just buy it through internet? i’m too afraid to take the risk but yet still financially unstable too..huhu..
tengok kereta jugalah kalau kereta mahal, baik beli kereta baru kalau kereta murah, beli kereta terpakai ja
normally we look for the condition of the car whether it is still in good cond. Then, to buy a new car, it is advised that you should do some survey through internet about the standard price, year, spec and the best deal you can get. then try to go to the shop/showroom. get sufficient info before you buy any car. -usahasama auto network enterprise
Nur, in my opinion the best way to buy a used car is to buy directly from owner usually from advertisment on the net or magazine or even newspaper.You can ask a lot more about the car from the owner of the car rather than asking the dealer who actually doesnt own the car.Plus you can get cheaper price with direct dealing.And sometime used car dealer can do a temporary repair just to hide the problem of the car where eventually it will break down again sooner or later.n what to look for?it is the condition of the engine,make sure no weird sound or heavy vibration,condition of body(rust), whether the car had a major accident or not(accident may disturb the chassis and effect the stability and safety of the car ),make sure the car is not cut and joint (kereta potong) ask the service history of the car and warranty if it is still available.
One day when money is no object, i’ll feed the poor and buy my a superb car ;)
nk cari nissan c22 pickup vannette bawah 20k
Buying a used car if definitely makes more sense. It is inarguably cheaper just that there is the risk of higher maintenance cost thus may end up almost the same – in money terms – in addition to lower satisfaction (syok sendiri). However, simple calculations would tell you that this might not be so.
Say you buy a new car of RM75,000 (excluding the interest you have to pay for the loan). The moment you drive the car away you lose approx. 40% of its value within the next three years i.e. RM30,000. Now, imagine buying a used car of RM50,000. It is likely that you will lose approx. RM10,000 in the next three years due to depreciation. Simple maths will tell you that comparatively there is still a saving of RM20,000 worth of difference in depreciation. Realistically, do you think you will spend RM20,000 repairing your car in the first three years after you buy the used car? If you buy a good model – Malaysian cars not included – chances are you won’t be spending that much money.
It takes a lot of common sense when buying a used car. Considering the following:
i. accident records – from insurance company;
ii. get your own mechanic to go check the car up (most important);
iii. check the mileage;
iv. consider the year it is made;
v. ask about the background of the previous owner e.g. gender, occupation, area where he/she stays, reason for selling the car;
vi. which state the used car is normally used – avoid states where road conditions are notorious for bad road conditions;
vii. the make of the car – used imported cars are many times more reliable (normally) than local made cars;
viii. the value of the used car when you dispose of it (as a third-hand car) years down the road – ask another used car dealer about the value of the same model as a third-hand car;
ix. test drive it (very important);
x. get a warranty from the used car dealer (very important) for at least the first three to six months.
Hope the above helps!
To Joel C…
Thanks… ur guideline was something that i really need at the moment…
maksimum untuk loan 2nd kereta boleh sampai berapa tahun? 7 atau 9 tahun? dan bpa interest untuk 2nd yang terkini?
kalu cimb, max 7taun utk kereta 2nd hand. interest terkini x tau tapi dalam 5 – 7% rase2nya…
joel c! you’re tips are awesome! it really helps! thanks a lot! :D
My dad always buy a new car ever since 1989. His present car is his 4 th car. Bayar setiap bulan dah menjadi perkara biasa kat dia. Sekurang-kurang 3 hingga 5 tahun kurang masalah kerosakan kereta. Bila habis hutang, dijadikan downpayment (harga masih baik) untuk kereta baru seterusnya. Kereta yg saya pakai 2 nd hand, beli dari jiran (harga rendah dari yg baru)), kita tahu macam mana dia pakai. Itu pun kena keluar duit sikit untuk tukar timing belt/fan dan 2 tayar. Masalahnya kereta ni dah 4 tahun masa beli bila jual nanti dah 11 tahun (amik loan 7 tahun), nanti bila nak beli lain, trade in value rendah. Tepuk dada tanya selera.
thanks for the info,
just wanna asking an opinion all of you, i wanna buy 2nd hand car (BMW E46 318i- above year 99-03) for me 318i. (or 320i if better on your view)
it’s hard for me to choose for it. i have to figuring some problems below, hope you all can help me for some info.
1) the best mileage – 90km? or below
2) year – 99? or above?
3) on the test drive (which part should i check?, handling? engine sound?)
4) if the accident free (are these car is good?) or which aspect should i check.
*sorry for newbies question, i just want my 1st car is (BMW or Honda) that’s why i really want to know about this.
my budget around 60k (loans)
thanks
Tip-top condition!
* 1 owner
* metallic dark blue
* very low mileage
* weekend car
* clean interior like new
* fully service
* well maintained
* 100% accident free
* excellence condition
* nice number
interested can call:
013 2700 535 (Fikri)
I will right away clutch your rss as I can not in finding your email subscription link or newsletter service. Do you have any? Please allow me realize in order that I may subscribe. Thanks.