Should I Buy This Car? Need Opinions
Hi everyone, I’m 24, a cybersecurity graduate earning a clean wage of RM3,500. I currently drive an old Nissan Sentra N16 2005 ( 1.5 sgl )and am considering upgrading to a Honda City 1.5L RS. However, I’m unsure if it’s a smart financial decision or if I should go for a lower variant.
My Situation: Commute: 27km to work (54km round trip), 5 days a week (2 days on-site, 3 WFH). Living at home to take care of my mom. Monthly petrol cost with my current car: ~RM100. Planning to sell my Nissan Sentra N16 and use the money either as additional funds for the car purchase or to cover insurance costs.
Lately, my Nissan has been having frequent issues since I started working in KL, and I’m worried about repair costs piling up.
My Monthly Expenses (RM3,500 Income): RM500 – Parents RM1,000 – Essentials (petrol, TNG, foods , bills, groceries, shopping) RM1,000 – Investment (gold, ASNB, etc.) RM1,000 – Emergency fund & savings
Would upgrading to this car be a good idea, or should I stick with my current setup? Would it be wiser to choose a lower variant of the Honda City instead? Also, should I use the money from selling my Nissan to cover the insurance or reduce the loan amount?
I’d appreciate any advice, especially from those who have gone through a similar situation!
Hi everyone, I’m 24, a cybersecurity graduate earning a clean wage of RM3,500. I currently drive an old Nissan Sentra N16 2005 ( 1.5 sgl )and am considering upgrading to a Honda City 1.5L RS. However, I’m unsure if it’s a smart financial decision or if I should go for a lower variant.
My Situation: Commute: 27km to work (54km round trip), 5 days a week (2 days on-site, 3 WFH). Living at home to take care of my mom. Monthly petrol cost with my current car: ~RM100. Planning to sell my Nissan Sentra N16 and use the money either as additional funds for the car purchase or to cover insurance costs.
Lately, my Nissan has been having frequent issues since I started working in KL, and I’m worried about repair costs piling up.
My Monthly Expenses (RM3,500 Income): RM500 – Parents RM1,000 – Essentials (petrol, TNG, foods , bills, groceries, shopping) RM1,000 – Investment (gold, ASNB, etc.) RM1,000 – Emergency fund & savings
Would upgrading to this car be a good idea, or should I stick with my current setup? Would it be wiser to choose a lower variant of the Honda City instead? Also, should I use the money from selling my Nissan to cover the insurance or reduce the loan amount?
I’d appreciate any advice, especially from those who have gone through a similar situation!