Goal #5 Completed

Yes, we are fast with our y2019 goals this year. Yesterday we have bought a semi-new 2016 Toyota Corolla that has runned just 13.400 km (!) for 13 kEUR. This was done wšith a leasing. I know I know this is not what DGI do. But inerest were only 2% and I had not enough cash at my hand.

So the math on leasing was: 20% downpaymentė – 2,6 kEUR (borrowed from my mom again 🙂 ). Remaining 10,4 kEUR leased with 7y tenor. Monthly payment – 133€ + 50€ full insurance. Thats 183€/mo on our spending or 2,2 kEUR annualy. But hey, we have spend +1kEUR for repair of a car that does not work, so for our family spending this will not be a major increase. Also more saving on fuel. All in all we are happy about the buy. I think this was a good buy. We should have a normal working car for next 10-15y.

4 thoughts on “Goal #5 Completed

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    1. Hi Tony. Nope no Tesla for my 🙂 Too pricy and no EV infrastructure were I live. Such new car price is 17kEUR so somebody paid 4kEUR just to have it in a garage for 3y 😀 It is basicaly brand new, just that guarantee is expired but as almost all of people I know say that Toyota will last for another 10y without any major repairs. Ofcourse if there if no fault in the spacer between the seat and a weel 🙂

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  1. Awful decision. Why would anyone pay 13k for a 3year old out of warranty corolla?

    Could’ve spent half of it and invested the rest. For a slightly older car you wouldn’t need to buy kasko full coverage for 50 a month which is >33% of your car payment. Because you are now in a fear that someone will scrape or steal your ‘new’ car.

    If you wanted a new car so badly you could’ve bought Kia ceed for 15-17k and have 7year warranty

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    1. Yes and no. This car will last for 10y or so. Older car = more repair. As I mentioned I have spent 1,5kEUR on pur 17y renault and it was still not working. Now that was stupid 🙂 thing is that this car is almost brand new with 13 th. Km runned only. Warranty is not an issue for toyotas, they dont start breaking untill 100k km and I still have 87 k km 😉 thats roughly 5y. Kasko… well to some extend you are right, but it is for my wife who is afraid to drive in a city.

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