Cars Galore!!!!

Went shopping for a car on May Day. It's a dream for me to own a car but it still remains a dream as I don't think it is financially wise to purchase a car.

Renault Kangoo: Nice car, cheap but the fabric used for the car seats is YUCKY! Two models, Auto and Manual. The Manual version runs by diesel which is what I am looking for. Cheaper la!

Fiat Panorama: HUGE vehicle... like those that are used to carry corpse! Super expensive, $50k+++ and run by petrol. What a waste of money!

Citroen Berlingo: Ah... nice design, sleek and user friendly interior. You can even open the roof top. Once furnished ($2000 extra), it really is very luxurious. The passenger seat in front can be folded to form a table and you can place your lunch/drink on it! Options to attach a double seater at the back. A nice car to bring when you need to chill out at the beach.

Our favourite is... Citroen Berlingo! Cost: $34388 inclusive of 1 year insurance and 1 year road tax. Will I be driving this car soon? No way... Here's why

Total Cost of the vehicle:

$34388 + ($34388 x 3.3% interest x 7 years) = $42331.628

Amount payable each month:

$42331.628 / 7 years / 12 months = $504

Road tax:

$500 / 12 = $41.70

Insurance:

$1300 / 12 = $108.40

Parking:

$100

Diesel:

$150

TOTAL AMOUNT = $504 + $41.70 + $108.40 + $100 + 150 = $904.10 per month!!!

Each month, we will only spend about $300 on bus and train trips. In case of emergency, we'll need to take taxi and that will cost about $200 each month (MAXIMUM!). Total spent on public transport each month is $500 (MAXIMUM)...

This means a savings of $404.10 per month if we don't buy a car!!! How logical can I be huh? So my dream will remain a dream... unless I strike 4D/TOTO/BIG SWEEP!