Financial Planning

For Jason buy a car

Main Five Factors for Buy The New Car

Affordability Gas, Diesel or Hybrid

Operating Cost New or Used Car

Size, Body Styles and Features

Affordability
 Jason only has an income RM3,200 after tax.
 His wife is a housewife.
 It show that Jason is the only one who need to pick up the house
expenses.
 For the loan monthly payment cost RM1330.67.
 The monthly payment of car loan owe half of Jason salary.
 It show that he can’t affordable.
 Since he has a son and planning to have second birth with his wife.
Operating Cost

 Buying a Toyata Corolla Cross is RM128,000.

 Assume that down payment cost is 10% of total amount is
RM12,800.
 The loan interest get charge by 2.75% fixed rate for the Toyota
Capital Service Plan. (RM115200) (RM3168)
 (RM115200+RM28512)/(9)= RM1330.67
Gas, Diesel or Hybrid
 Toyota Corolla Cross have two types of car: hybrid car and gasoline
car.
 The different is that Toyota Corolla Cross for hybrid is more
expensive compare with the gasoline. Almost have RM10,000
difference between it.
 Based on the scenario, Jason consider to purchase car amount is
RM128,000.
 It means that Jason only can choose the gasoline car not the hybrid
car.
 Jason cannot afford the hybrid car since it needs high cost of battery
replacement
New or Used Car
 New car is expensive, but it come with the best warranty.
 Used car has cost less, but you need to take the risk on it whether it is good or
bad.
Used Car New car
Size, Body Styles and Features

 For the Toyota Corolla Cross has big space inside itself.
 It have 5 person seats, 6 parking sensors and leather seats.
Should Jason Buy the Car?

 No, Because that he is the only person who have income RM3,200.
 He can’t afford as well since the loan payment has get half of his
income.
 Jason can purchase another car to substitute as his transportation.
 Because he and his wife wants a second child.
Other things that Jason Should Considers

 Jason should get an education planning for his son.

 He need to plan an investment planning to has more income as he
and his wife wanted a second child.
 Retirement Planning
 Estate Planning