so, the mrs and i are looking at some properties in KL. objective of purchasing are twofold - partly as an investment, but also partly as a 'holiday home' since we are likely to go back more often as the children get older, and we want somewhere we can call our own and feel comfortable.
(our friends are welcome to use the place at a small fee to cover utilities and maintenance, of course!)
anyway, we need to free up some of our monthly cashflow, so the question of downgrading the car has come up (gonna miss that blardy silver shark). however, we will still need something more than your average family saloon. a smaller 7 seater or a tourer/estate/stationwagon are potential options. the objective is to reduce monthly outflow of cash by first reducing installments, and secondly cutting down running costs like fuel and maintenance etc. so a smaller, newer car is the way to go.
i roughly figured a loan of around 50k sgd over 7 years is the 'target', that leaves us with anything costing 55 to 60k. not much to play with. however, we usually look at pre-owned cars under warranty, so that will widen the choices i guess. we want something less then 2 years old and non-japanese.
too much to hope for?