Jon,Lung and the gang.... I've got a hypothetical question myself... What do you think of a CS/550 and an Odyssey ? Think of cutting down on number of cars in the household. I can share the O with wifey anyways.... ( hardly in the country anyways..) Bolehke ? Doesn't look funny ? Hehe!
Not too sure about the car in question, rough guage would be not more than US 140K anything higher than that would require an interesting race log book. If you thinking of a car for down under, my opinion would be to get one that is recently laid up, but then that would mean a 360GT i believe there are about 10 in Australia with some being "michelottoed", check around with the likes of Duttons in Melbourne, they have a good turnover of cars and would set you in the right direction. i would guess for a 360GT should not be more than 450K AUS. If 355 challenge is a must, just make sure its not being laid up too long.
Thanks Ultimo. 360GT would be out of the price range compared with the 355 Challenge. And frankly, I love the 355, though a Michelotto 360 would be truly special. I must admit the fact that the car has been mothballed for so long would mean some big maintenance bills coming through. May ask Alan what the going rate is on that one for fun. Amazing thing is that I havent been able to find a 355 Challenge in Oz for sale... why is that???
That I would not know, best to ask around, I believe there should be many under covers in AUS. The Australians will sell anything for the right price.
Isk, can you get them to bring in the Odyssey Absolute like the one I'm looking @? 200Bhp Type R engine, tuned suspension & revamped interior/exterior which should be the most power engine in it's class. But if you don't want to spend too much on a family car,there's many MPVs down the line. For good space, height etc Estima, Previa, Elysion, Alphard all have power sliding doors, moon roof, 2.4 etc but I don't know if your wife likes huge MPVs or prefers the medium ones. I'm even thinking about getting two minis like Honda Jazz/Suzuki Swift/VW Golf, one each for my wife & mum so they'll be no jealousy, you know what I mean Cheaper than getting a big MPV. Will a 550 be cheaper than a CS? I guess it'll be your daily ride when you're in town, then perhaps a softer 550 should suffice (good around KL & highways) & I don't think you'd hit the track as often so not necessary a CS.
Harold, is there luxury tax on import of cars other than the 10% GST to Australia? I understand that they only allow cars of 15yrs & above. That's why most young cars end up in NZ.
Jon, I honestly detest MPVs!!! I however need one one to cut the number of cars we have from 3 to 2 and I love to take the family for long drives for some makan, esp. Penang and I actually thought about a used W220 S320 or S280. That car is big enough I guess since my kids are only 5 and 7. Can always bolt on a Kleemann SC for the extra dose of fun. Problem is my wife is 5'2" and she hates big cars, so that ruled the Benz out. An Odyssey (yeah, looking at the Absolute 200bhp too) she can manage I think. Estima...she's bound to get the car dinged everywhere! Alphard ? No need to ask her, she once told me it's the f-ugliest contraption on wheels she'd ever seen! 550 or CS ? 550 is currently cheaper based on feedback from Fchatter Fengtau. MYR900k+/- for the Maranello and MYR1.2Mio+/- for the CS. Out of curiosity I rang Ron Lim of Lambo M'sia and he told me a used Murcie would fetch MYR1.5Mio....! But even if I get either one, I've to downplay the price. Missus will kill me if she knows. That's why in one of the statement issued by the Guide to a Happy Marriage by Selangor Islamic Dept...." Refrain from telling your wife(s!) your total earnings/spendings and by no means it is called cheating but rather to ensure no argumentative issue(s) that can lead to destruction of the partnership(s!) can arise from it.." They dinna say anything about buying Ferraris though!
Agree but the low stance of the Odyssey is not too bad & very sleek all around. Why spend so much money on a family car when we should be adding it towards a Murcie So logically a medium format should be enough. Hahaha that's a funny statement BUT my neighbour has one in pearl white, bodykit with huge/shiny 18/19" rims & black glass. Looks quite mean. Hmmm this is what they mean when they say moderate Islam but now you're going to hide that bank book/s of yours as well!!! You know, I see some of my muslim VIPs wearing full yellow gold jewelleries & watches adorned with all kinds of precious stones. Then, another told me it's not allowed since showing-off is frown upon so he wears all things platinum!
Okay, I have this S$100K question. Ok, I know it's peanuts to some but this is only what I've got to spare & it's not enough to start another business these days. What would you gurus do to make something out of it? Should I use it to buy an old Ferrari/Pcar or invest it wisely & if it does grow well, I can buy myself a nicer & newer model few years later? Is locking up the money in a fund or some insurance tied fund wise? Or use it as a deposit & buy a property in KL/Bangkok/Jarkarta & get some rental. I think none of them has more than 10% return but the upside is if heaven allows, a revaluation on exchange rate, the foreign investment will be more fruitful. The Sing dollar is doing strong lately, good time to buy foreign products
Jon, SGD100k = MYR230k thereabouts and not much choice of properties that will generate good returns. Dunno about JKT side but I heard they're getting expensive too. Aaargghh...get the car !! Pistole, You're asking Jon to buy the Caldina GT4 with his spare 100k ? Or you asking/telling me? I know of them AWD monster estates, 260-280bhp etc..but it's gonna be shared with wifey. Come to think of it...not a bad idea. Circa MYR180k-ish rt Chang ? Thanks...
definitely for you Isk, its a nice car , very v. quick , looks great , AWD security , carries family, auto (easy on the wife) and toyota quality & reliability. not too expensive either , its about 170-180 range , iirc. they're selling like kuih panas about here. cheers.
You can try this and do a report for us http://ferrarichat.com/forum/showthread.php?p=135750507#post135750507
Hmmm, think I'll rent an apartment in Miami. Set up a studio then a magazine & a web. Hugh Hefner started with a typewriter didn't he? Ultimo, do you know what's the value of the Playboy empire now?
Used to be billions in the 80s with the likes of Brigette Neieson and the rest. But last i read, its actually operation on the deficit because of competition from online porn. Its actually like a neverland ranch now.
I would use it as a down payment for an old 800-900k apartment. Rent it out for the next 2 years at probably a negative carry. Then maybe sell it at a profit. Its a punt, but if you buy the right property you'll definately make on it. The up cycle just started so you still have upside. Just my thoughts...
1) I think either buy property or stocks in KL. (not sure abt Jkt but Thai property already on high side and lots of regulation for foreigners). Jkt property is not cheap but I think rental return pretty decent. 2) Property in KLCC area only and cheap bank stocks. Property at other parts of KL , too much supply. 3) Spore - too much supply unless top end properties bought by foreigners ie new development in Orchard/Marina/Sentosa, nevertheless, valuation has gone up last 2 yrs. Low - mid properties expected to be stagnant. Simply too much supply ! In Spore, its better to rent than to own !
I partly agree with what you have said. But like all things you must look for the deal. I don't advocate buying newly launched properties but rather older properties. Location is key. I don't know about better to rent than to own statement. I would rather put the rental expense into a mortgage than to pay a landlord. Just my thoughts...
Thank you guys. Just what I'd need to hear. I've checked that local banks give about 3.25% return on FD which means growing $3250 per annum for S$100K. Definitely better than buying a car which can mean total loss by year end. I don't know about stocks but I don't think their main banks will close like Indo right? I'm thinking of KLCC area apartments, exchange rate is favourable, rental 5%+, sell it when the time is right & when ringgit grows a little, better still. It should, Malaysia has many growth area with strong natural resources but a lot of wasted property projects that spring around like mushrooms. You can see entire townships that are deserted in some places. I'm not too familiar with PJ, Putra, Damansara area but all seems to be bustling with life as KL city is too congested & development hampered by policies. Bangkok very tough now, most good properties are peaked especially near the embassies area. My friend has 4 apartments in Jakarta, bought after the Asian crisis & were cheap. They were like S$2-300K each for 1000+sqft & recently sold two which net him very high returns because their values went up & Rupiah recovered tremendously. Rental returns are still very good as well. I give up on properties in Singapore. I lost 30% paper value on a brand new apartment recently after it TOP! I'll probably rent as well & use the bulk to invest. Frankly, the best return on properties are commercial.
But don't bank charge us a hefty interest on mortgage? I remember there's a formulae & it takes us about half the time of the mortgage to just fulfill the interest that banks earn first, the second half is the principal sum/value of the property. Yucks! As they say, "Cash is King".
In KL, I would recommend looking at Tan and Tan properties. e.g. Kadah Lahri, Tara condo, 8 Hemshire.
Abang Lung, Can I correct the names a bit... Desa Kuda Lari, Tara Condominiums, 8 Hampshire Park. All within the Golden Triangle. Kuda Lari is a stone's throw from KLCC. Yep, Tan & Tan properties are best bet for investments...
