Tag Archives: Financial Burden

Buying Car in Malaysia is the Most Financial Burden?

A friend of mine bought a car in 1997 for RM90,000 and eventually the value depreciated to RM15,000 in 2010. So RM75,000 divided by 13 years of usage is about RM5,770 per year. Divide it further by 365 days is roughly RM15 per day.

Buying car in Malaysia

I believe that many could be smart enough to see the flaw in the above calculation. The car resell value becomes lower as time goes. Not only that, I still haven’t included car loan in the above calculation. The actual total price that she paid is more than RM100,000.

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