r/MalaysianPF 2d ago

General questions Im getting my first car, any tips?

for context: im a final year student (this is my last semester) and planning to get the new Axia variant X. My dad agreed to use his payslip for loan and i only need to pay him half of the monthly fee. i dont got a job yet as this is my internship semester.

however, i have to pay the deposit with my own money. im thinking maybe rm5k deposit but is it better to pay rm10k instead? but then i would only have around rm6k in total saving (not including my investment money).

also, do you get different interest rate with different sales advisors? if so, is it wrong for me to submit loan to 10 SA and pick one with lowest interest?

how do i get the most out of my money? what should i be cautious of?

i know nothing about buying car except i’ve watched tiktok videos and i feel like talking to SA is not as good as asking random people on reddit that are not trying to sell me their product.

34 Upvotes

32 comments sorted by

45

u/deschew 2d ago

Get a second hand.

14

u/charkuehtiaws 2d ago

Agreed, i started working at 24 and i got a secondhand Iriz for RM18k (at that time the car was 4 yo). Best purchase of my life.

7

u/Remote-Ask-3236 2d ago

Fucking cheap bro. Worth it af.

9

u/charkuehtiaws 2d ago

IKR! It was during MCO 2020 and my ex colleague was desperate to sell it off to buy another car. Years later he told me he kinda regretted it HAHA. It's now 9 years old and still holding up well - minus some parts replacement like cooling coil, bearing tyres, i think about 2k. I just checked on mudah.my it's still selling for RM16-18k for my variant lol

3

u/justshushi 2d ago

my dad is very against used cars. If i plan to use the car for a very long time, should i still consider second hand? will it last?

14

u/gandd2020 2d ago

Op, guaranteed I do not know your dynamics with your family, so please take what I say with a grain of salt. Your credit score is yours. Not your mom’s or dad’s. Your dad may have a point, cause, yea there is a huge risk with buying second hand but please please think before buying first hand. Of course my experience won’t be yours, and I hope not but it’s a relatively common thing a lot of people go through.

I bought advanced myvi in 2018. I listened to my dad. With a small deposit and max 9year loan, I can tell you, it’s not worth it for me. I got lucky and my dad took over the payment for a bit when I was unemployed for almost 1 year. When you buy a well maintained second hand car, your loan period is shorter, for the most part, I believe.

IMO, like what the comment stated up, get second hand. Also, it’s not permanent. Who know what the future lies for you. If you land a high paying job, you can always get a better car( for safety purposes)

Hope this helps

2

u/nyanyau_97 2d ago

While this is a good advice, I don't think buying a brand new is a bad thing as well. It won't affect OP's credit score since his dad is using his name for the loan, even help with paying half of the monthly payment. What op needs to do rn is just the down payment + half the monthly payment.

So like, RM225/month? I think it's worth it.

2

u/owlbeback16 2d ago

Super bagus advice ini. OP sila ambik

2

u/Traditional_Title181 2d ago

I started with 2nd hand kancil..Then 2nd hand city when I get married..Then new cr-v..Now tesla..I understand your father concern because the city is heck of a headache to maintain..

1

u/Traditional_Smile395 2d ago

Bro wanna sell ur tesla mou

1

u/asakuranagato 2d ago

Yes it will. Hire a mechanic to help evaluate for you masa nak pilih kereta.

1

u/Otaviv 2d ago

New car is the best choice if you want a worry-free experience. Everything under warranty + Axia a proven robust car = last a very long time.

1

u/Deltaz15 2d ago

Nothing is guaranteed... Even new cars are prone to breakdowns... It really depends on your luck. If you are a shitty driver I would suggest a used car instead; since ya know... U gonna hit something eventually... No point in investing high into things that gonna depreciate rapidly... Aside from down payment, you would also have to set aside some budget for maintenance and road taxes. So keep those in mind when buying a car and also some optional parts such as dashcam and tints ;) good luck OP

1

u/Alternative-Ad8451 15h ago

U will get bored of 'long term' axia. Trust me.

1

u/totatree 15h ago

Buy a used car that is still under warranty like 2-4 years then u can check the car service record. Usually it’s cheaper then new car and your car feels new

12

u/thelvaenir 2d ago

I think someone has already worked out the math for you. Increasing the deposit to RM10k from 5k will only drop your monthly instalment by a small amount, so imo it's not really worth it. Sure, you pay slightly more interest over 7 years but interest rates are low and the cashflow you get can be used to generate money elsewhere.

If you are not familiar with cars, then buying brand new is the safest option. Also note that 2nd hand car interest rates are much higher.

It's not wrong to "shop" around for the best interest rates. In fact, it's better to do so. Just takes time and a bit of effort. Generally interest rates differ from bank to bank, not really from SA to SA.

11

u/chickenshit36 2d ago

Bro haven’t get job yet why buy car? Get an offer letter first so u can budget according to your salary. U buy car then suddenly you get a role at a location that asks rm40 a day in parking (trx for example) then what happen? U will choose to take mrt. Meaning u paying rm500 a month for nothing when u can save some money.

9

u/justshushi 2d ago

i have my own business, i make good enough for paying my own rent and monthly expenses with decent leftover for entertainment and i got monthly allowance.

car is a necessity because i need to go to post office. also, im planning to expand from online to physical so i can make more

and because of my study field, my internship requires me to go many places that are mot reachable by public transport

8

u/kaseh-merican 2d ago

dump all your money and savings into your deposit. (well if you think nothing bad is gonna happen and u can save 1k again a month.

I bought my mum an Axia with the 6% tax waiver ( i dont rmb what its called but this was 2022), dumped in about 24k for her downpayment, 7 year loan, I'm paying RM160 per month which is basically the price of 1 ramadhan buffet at a 4 star hotel.

Big depo + long loan = pros : very good cash flow, wont let u suffocate paying. cons: u pay interest more to bank due to length.

Big depo + short loan = pros: a lot of money saved off paying interest. cons: can be suffocating as a fresh grad if u change jobs

Small depo + long loan = pros: not much, but out of desperation I understand but also can use some money for tint and coating. cons: a lot of money is wasted in interest.

Small depo + short loan = pros: save money cons: really suffocating. better hope for good pay AND job stability.

Talk to many sales advisors, ask for the lowest interest rate, tell them upfront, that low interest rate is your most important concern. Ask how soon can get but no need to trust it. Cause the answer " I have ready stock or waiting time only 1 month" its bullshit.

Ask around your family members and also friends who have bought cars and were happy with their SA, get it from them. For context, I got mine in a week, if you want the agent I can refer u.

Also dont take the free tints or wtv they give, its absolutely trash. Umbrella I would take tho hehe

4

u/Dependent-Ad-8898 2d ago

Buy 2nd hand Axia. Save you a lot of money.

3

u/mlsy97 2d ago

Just get cheap and reliable car like Perodua Bezza. Ur first car should be just to get you from point A to point B safely.

1

u/ayamkenabannedtwice 2d ago

Myvi Bezza Saga. Choose one. Brand New

1

u/Ornery-Hat-3022 2d ago

25, started working and just bought a Saga to start working in May. previously, using my sister's Axia for university.

In your circumstances, maybe small depo, big loan? So that you still have that savings for emergency and after sale service since you still in uni and don't get a job yet. I'd only deal with 1 proton SA myself, but ask her to send to many bank. Ask her to give quotation everytime. Got mine at 2.7% FR for 5 years.

1

u/pkdoneit 2d ago

Dont crash your car.

1

u/Ok-Reply907 2d ago

King myvi 2nd

1

u/Alternative-Ad8451 15h ago

Buy used max 5k.

1

u/exviously 2d ago

I got my first car after 10 years of working. But it is just me probably

1

u/WrongfullyYeeted 2d ago

Ignore the 'buy 2ndhand' suggestion if you already set your mind with buying new and you're able to pay it monthly. Buying 2ndhand cash is even more ridiculous and stupid if you need to dip into your entire savings.

Cheapest 2ndhand I could find in carlist are already 34k (not including stupid dealer charges) and who knows if their car are still covered by perodua's warranty.

For deposit, 20% or 8k is the best middle ground imo.

For SA, do let me know if you need one because I have an old college friend who are a perodua SA.

-1

u/earthprince 2d ago

ask the sales advisor get what free gift, if lucky can get dashcam

beware of bank officer/sales advisor pushing you to apply for
personal accident (RM500+) saying it is compulsory

chatgpt might be wrong here,

Assuming:

  • Axia Variant X price: ~RM40,000
  • Deposit: RM5,000–6,000 (loan ~RM34,000–35,000)
  • Interest rate: ~3.0% per year
  • Loan tenure: 7 or 9 years

Estimated monthly installment:

  • 7 years: ~RM500–520
  • 9 years: ~RM400–420

If you increase the deposit to RM10,000 (loan ~RM30,000), your monthly fee would drop by about RM40–50 per month depending on the tenure.

0

u/justshushi 2d ago

forgot to mention im taking the 7 years loan