F10 Demographic

[paultantk]

A lot of our first cars are manual Satrias...

 

[cw9722]

nick:cw9722
Age:39
occupation:business man

1994-1996roton Iswara Aeroback-Manual(buy rm 30.5k OTR,sell off RM31.5k without road tax and insurance,only car which make money after 2 years ownership) )
1996-2005:Nissan Sentra B14,1.6 Super Saloon-manual(Buy RM76k,sell of RM35k after 9.5years ownership.clock almost 490k km when sell off)
2005-2011:volvo s60t5-auto(now wife using)
2011-infinity: F10 528I

Willie,
when u free to meet up for tt?
hehe
cheers!

 

[willie]

nick:cw9722
Age:39
occupation:business man

1994-1996roton Iswara Aeroback-Manual(buy rm 30.5k OTR,sell off RM31.5k without road tax and insurance,only car which make money after 2 years ownership) )
1996-2005:Nissan Sentra B14,1.6 Super Saloon-manual(Buy RM76k,sell of RM35k after 9.5years ownership.clock almost 490k km when sell off)
2005-2011:volvo s60t5-auto(now wife using)
2011-infinity: F10 528I

Willie,
when u free to meet up for tt?
hehe
cheers!

Waiting for the JB TT...

 

[EL118]

nick:cw9722
Age:39
occupation:business man

1994-1996roton Iswara Aeroback-Manual(buy rm 30.5k OTR,sell off RM31.5k without road tax and insurance,only car which make money after 2 years ownership) )
1996-2005:Nissan Sentra B14,1.6 Super Saloon-manual(Buy RM76k,sell of RM35k after 9.5years ownership.clock almost 490k km when sell off)
2005-2011:volvo s60t5-auto(now wife using)
2011-infinity: F10 528I

Willie,
when u free to meet up for tt?
hehe
cheers!

Good planning bro for frugal spending when young. Good deferred gratification! U sure save enough to build your business during initial years and now is time for you to enjoy, can afford to forget about car depreciation by venturing into BMW.

 

[aoch88]

nick:cw9722
Age:39
occupation:business man

1994-1996roton Iswara Aeroback-Manual(buy rm 30.5k OTR,sell off RM31.5k without road tax and insurance,only car which make money after 2 years ownership) )
1996-2005:Nissan Sentra B14,1.6 Super Saloon-manual(Buy RM76k,sell of RM35k after 9.5years ownership.clock almost 490k km when sell off)
2005-2011:volvo s60t5-auto(now wife using)
2011-infinity: F10 528I

Willie,
when u free to meet up for tt?
hehe
cheers!

Wow, F10 528i It's RM450K there, haha. Is yours the M-Sport version?

 

[kenfoo2]

nick:cw9722
Age:39
occupation:business man

1994-1996roton Iswara Aeroback-Manual(buy rm 30.5k OTR,sell off RM31.5k without road tax and insurance,only car which make money after 2 years ownership) )
1996-2005:Nissan Sentra B14,1.6 Super Saloon-manual(Buy RM76k,sell of RM35k after 9.5years ownership.clock almost 490k km when sell off)
2005-2011:volvo s60t5-auto(now wife using)
2011-infinity: F10 528I

Willie,
when u free to meet up for tt?
hehe
cheers!

Holy crap! You're like a super salesman!

You made money out of selling a car after using it for 2 years.
And only 50% depreciation for a 490k km car owned for 9.5 years?!

 

[manjohari]

no wonder cw9722 sounds familar at vocm

nick:cw9722
Age:39
occupation:business man

1994-1996roton Iswara Aeroback-Manual(buy rm 30.5k OTR,sell off RM31.5k without road tax and insurance,only car which make money after 2 years ownership) )
1996-2005:Nissan Sentra B14,1.6 Super Saloon-manual(Buy RM76k,sell of RM35k after 9.5years ownership.clock almost 490k km when sell off)
2005-2011:volvo s60t5-auto(now wife using)
2011-infinity: F10 528I

Willie,
when u free to meet up for tt?
hehe
cheers!

 

[cw9722]

Wow, F10 528i It's RM450K there, haha. Is yours the M-Sport version?

Hi bro aoch88,
Mine is 528i STD,the time when I buy this car,m version haven't launch,else for sure will go for white color-

 

[cw9722]

Bro manjohari,
What is your Nickname in vocm?
Cheers!

 

[cw9722]

Bro kenfoo
Me just lucky only.....-)

 

[cw9722]

Bro Willie
Think we should start first-
When u will be free?
Maybe we can meet up somewhere nearby town area...
Cheers

 

[cw9722]

Bro EL118,
When young got no money,from kap cai to iswara already gd enuf-
Now also no money,cheat bank and get 528....
Hahaha
Cheers!

 

[EL118]

Bro EL118,
When young got no money,from kap cai to iswara already gd enuf-
Now also no money,cheat bank and get 528....
Hahaha
Cheers!

so humble! if u can cheat bank to buy BMW which depreciates like hell, and no need to pay back (cheat means no intention to pay back), many forumers here will call u real "sifu"!

 

[manjohari]

Bro cw9722,

using nickname here - manjohari, but been passive user most of the time

Bro manjohari,
What is your Nickname in vocm?
Cheers!

 

[manjohari]

agree, but financial statement can be easily "crafted" hehe...
if you have money, don't buy the car cash, take a loan to make some profit.
for example, the car cost RM400k and you have RM400k cash to purchase.
Put ur 400k in FD with 3.5% interest,
take loan 400k with 2.5% interest (used your FD as security)
at the end of the day u still earn 1.0% interest per year = RM4k (in 5 years, u get 20k instead of getting nothing buy paying cash for your car)
i guess it works for minimum of 200k, sign for priority/preferred banking to make it easier and also to enjoy very good rate (lower than bmw credit hehehe)

Bro EL118,
When young got no money,from kap cai to iswara already gd enuf-
Now also no money,cheat bank and get 528....
Hahaha
Cheers!

 

[bmw7833]

Bro, the 2.5% is not the actual interest, u have to take out your abacus to calculate again.

 

[DJH]

Nick: DJH
Age: 38 (since yesterday)
Occupation: Banker

Car prior to F10:
90s: Old Honda Accord
1999: Toyota Corrola
2002: Proton Wira 1.3 manual
2007: Honda Civic 2.0
2008: Toyota Vios (spare car now)
2010: Sold honda civic for F10 523i (Now weekend car and wife daily car)
2011: 320d (to work)
2011 onwards: Pokai makan roti

 

[kenfoo2]

agree, but financial statement can be easily "crafted" hehe...
if you have money, don't buy the car cash, take a loan to make some profit.
for example, the car cost RM400k and you have RM400k cash to purchase.
Put ur 400k in FD with 3.5% interest,
take loan 400k with 2.5% interest (used your FD as security)
at the end of the day u still earn 1.0% interest per year = RM4k (in 5 years, u get 20k instead of getting nothing buy paying cash for your car)
i guess it works for minimum of 200k, sign for priority/preferred banking to make it easier and also to enjoy very good rate (lower than bmw credit hehehe)

Does this math actually work out? I was wondering the same ... but then I tried some simple Excel calculation with FD at 3% and it always ended up with me paying a bit more if I took loan.

Remember, you still have to perform monthly repayments for car loan.

Likewise, your car loan is fixed at 2.5% for the whole tenure of your loan.
And you gotta take your $ our from FD to repay the loan -- that means effectively your FD interest of he total loan amount is much less than 3%.

Might work if FD interest is much higher tho -- but only in never never land.

 

[kenfoo2]

I also remember one thing my accountant friend told me -- he always buy cars in cash.

 

[haywire]

Consider the number of calls and hours we throw in.. actually not that much
Me and my mate worked it out, when we do a general surgical call, we get paid no more than 5 dollars per hour for that 30+ hours madness.
Mac D aunty probably earn more than that....

Still Mc D aunty can never afford to buy F10 la...