U all are lucky guys!Only in UK!

zaki406 · Post by **zaki406** » 11 Dec 2004, 08:51

in malaysia a 1997/98 used peugeot 406 cost around RM50,000 or abt GBP7,000(GBP1=RM7 now).we normally buy used car like this with interest around 5.0%pa compounded interest which is something like 10% pa at the end of the term for normally 5-7 years.
New cars are lower interest which is around 3.0%pa compounded (6% effective) for a whopping 9 years term even for a Proton car!
Imagine when it was new,the car costed around RM140,000 or GBP35,000(GBP1=RM4 then).
A new 2.0 407 automatic today costs around GBP13,000 but here it costs around RM164,000 abt GBP22,000 but it will retain the price and I presume in the year say 2010 the car would still cost RM70,000 or GBP10,000.Phew,what a price for a used car!
Wonder how much the 2004 407 would cost in UK in 2010?
In UK today (I saw in BBC topgear last night),u can get a top of range german car for almost GBP60k which is only RM420,000.But in malaysia these cars would have fetched close to RM750,000!!!! e.g BMW535TDi or S500 (GBP100,000)!!
I wish car prices in malaysia could go down like UK price guys....only in my dreams maybe!

Stuart McB · Post by **Stuart McB** » 11 Dec 2004, 20:48

Year but German cars are sooooooo boring. You never have any thing to do on them. No bulbs to replace, no oil & filter change. Life would be dull. Better stick to a Citroen or Peugeot. At least you have some thing do on the week end. LOL

zaki406 · Post by **zaki406** » 12 Dec 2004, 08:01

in UK, a 7 or 8 yr old 406 would probably cost max GBP2000?right?that's cheap man abt RM14,000!
here,that kind of money can only buy a 15yr old Proton MPI or 1989 Toyota Corrolla or any 15yr old Japs!imagine that!and we can finance the car for 3 years monthly payments with interest as high as 10%pa(20% effective)!!!!