Sathindra

We have postpone it time and again. We are not planning to do it again. When I tell that 150k combined salary, it consist of 135k from parents and extra 15k my sister gives for home expenses (not her whole salary, large potion she saves) So practically there won't be any issue with pay back (both parents have pensions). So for my understanding this is the best time as other expenses are at there lowest (Having completed my studies). I am a Electrical and Information Engineer from University of Ruhuna. I am too picky with jobs, that's why I am still unemployed, not because there isn't any jobs. I know you mean well. But I think it would less applicable in my case.

I have some idea that leasing gonna be a headache, but there doesn't seems find a way to get a loan from a decent place for that amount as my parents would retire in like year or so. My sisters salary goes to Sampath Bank last three years. But they seems to be the worst place to ask for a loan. So many conditions. That's why we thought about the leasing path. If you can suggest me any safe place My sister can get a loan, please let me know ( Even land brokerage is fine, if it is a bank) I know the risk. That is why I am going with close friend who knows way around with vehicles, and a good mechanic who maintain his car (Fb15 or something) when I am looking for a car. There is no need for apology, as I was too vague. Are the Hyundai cars are reliable? As I recall, I read somewhere that Hyundai car before 2004 are not reliable. All I can find is Hyundai Accent 2002 (Considering Sonata is very bad in petrol). Is it a good car? My sister had exact experience. Then she thought of giving up learning altogether,

My father is saying that he thinks that it is better to buy something newer. He can drive, though he is not an expert about cars. His point is if we were able to get a something like Proton Wira, then we won't need to get another car for like next 2 or 3 year. It will suffice all our needs, assuming it is reliable car, mechanical vise. On the other hand, if we are to get something older, then we would have to sell it in 6 months or so and buy a new one. Combined salary of my parents and sister is around 150k. So if we were to get a lease around 700k for 4 years, then rental would cost around 20k per month. Which is payable without much problem even without any help from me. They were planning on buying one from last August (Budget ruined all the plans). So there won't be any burden on me. Lets say I am intend to keep it for much longer like 2 to 3 year, would it be a good idea to get a Proton Wira? All the reviews I found in internet very rarely they mentioned about any engine problem. Though they complain about interior material quality. So assuming old vehicles do have lots of repair (Finding one with decent condition seems quite hard), wouldn't it be more practical buy newer one? Thanks. I am not worried about what neighbors think. But my mother always want go in a good car ( We only had Bajaj Boxer 2002 bike), though she never talk about it. When we can, I wanted to give piece of her dreams. May be I am thinking from my heart, not my head. My parents and sister all have very stable income combined around 150k take home salary. So I don't have to give any support in pay back. Hence my income is practically irrelevant. Lady instructor idea is really good. My sister stopped last learner due to he is a 'Sewalaya', though he suppose to be the best in the area. It was one of the main reasons we thought of getting a car for learning. With the VAT increase, I think prices of the car would go up. That is why I am in much hurry to buy one.

double post

Thanks. That is the exact reason that I am reluctant to buy 1.7 Mn car. That is why I am thinking about something around 900k. So debt only gonna be like 500k. Which is something my parents alone can pay back without my support (They work till mid of next year and they got a pension). Thanks. Seems like I don't have a any idea when handling finance. I never done a job, so I do not have any experience in managing money. I don't know about the model of Ford Prefect. I'll try to take some photos, if I were able to take it out. I really hate wagon type cars. Lancer GLX C12 seems nice though.

My parents always wanted to buy a car. Every time they thought of it, there was either grand parents got sick or got a sudden spike in taxes. Both were teachers and always refuse to do tution classes (Sell knowledge for money). Now is the first time we got breathing space financial vise. So I wouldn't mind some losses in the future assuming I could land in a decent job. I really wanted to get something that is comfortable, so I can take my family in a long journey. I am in a little bit of hurry as afraid that VAT increase would increase car prices significantly. This happened with the last budget, where my fathers permit application was denied which was applied well before the budget and vehicle prices were skyrocketed with tax increase. Daihatsu Charade seems better on fuel. Is it comfortable? Your suggestion seems quite practical. Considering I am intend to buying a sedan in the future, would it affect learn to drive in a small car? What would you think if I was able to get a loan for the remainder?

Thanks. Does they cover damages like scratching here and there due to improper handling? I can goto one, but my sister only available once in a while on Sunday (So two or three days per month). She did tried two learners in last 3 months or so, but finding time for both were free is very hard. They only give like 15 minutes at a time, as she only got once or twice per month, it does not workout well. Ford Prefect (1955 or something) which wasn't in a good shape ( Haven't even touched for more than 15 years) I got 400k in hand, so thinking about 600k to lease. I suspect leasing would incur some loss, does it that bad? Do you know any other safe way to get 600k loan or something? Anyway thanks for sharing your experience. Ford Prefect. When last time my father drove it, it was in really good condition. I don't think it has any problems with its mechanical parts other than break binding. Edges of windows were full of rust. Father said he is afraid body is too weak. Main reason it stuck in the garage for years due to break binding. We can't push to take it out. Having 400 k in hand getting corolla dx wagon seems really good option. I am not the biggest fan of wagon. Do you know any good sedan in that price range. As I mentioned above learners wasn't a option for my sister. Already she has paid to learners 5k each and postponed trial date once ( Might be twice as next trial date on May). I am in Panadura. If you know someone around this area who pick up and drop you off, please let me know. By the way I am Electrical and Information Engineer. Civil job market is not as green as it was in 2014. But still there is more than enough jobs are available. At the moment main priority is learning to drive and having a car. In that sense I am willing to incur some loss for that sake. I know electrical side, but not my favorite subject. I wasn't a fan of vehicles. Idea to buy a vehicle came like a month ago. Since then I have read so many threads in AL. Now I have general idea about cars. I learned so much from here. Without this site I would never have heard of cars like Proton Wira.

I am a freshly graduated engineer who still seeking a job. We have very old car (2 Sri) which was stayed in the garage for last 15 years or so. Due to financial problem in those days, we were not able afford its maintenance. Now it is in bad shape (break binding,dead battery and lots of tinkering). At present our financial level is better having my sister is working and I completed my studies. So we are thinking about getting a new car. My self and my sister still don't know to drive and my father does. My sister is quite busy with her work and Masters. So for her going for a learners not a practical option. Therefore we thought to get our own vehicle to learn driving. We are considering 3 options 1. Spend around 100k and repair the old car. 2. Buy old sedan around 1 mil ( Something like Proton WIRA, FB13 or CB8) with private leasing 3. Buy relatively new compact around 1.7 mil ( Something like Viva Elite) with bank leasing We are not intend to keep whatever the car we are gonna get for more than a year. When I settled in a job, we intend to buy a brand new car( with me fathers permit, hoping government offer it back). So durability is not a important concern. Some depreciation is acceptable as well. Thought best option seems to be option 1, my mother is concerned with the appearance for social acceptance. I think 3rd option is risky as a someone just learning to drive, damages could become expensive to deal with. So I am leaning towards the 2nd option. I am completely new to this area. Any advice would be welcome.