However, out of curiosity, I went to check if I could still buy a new Mazda 6 2.0 for $80k today. Wow! I was shocked to find out that $80k could only get me a Mazda 2 1.5 today, not even a Mazda 3 1.6. I have heard from people, in recent weeks, how much new cars have gone up in price in Singapore but this is kind of scary.
I went to check on the Mercedes Benz A160 which was a car I was recommended to buy many years ago at $99k but I thought it pricey. The A160 is no longer available but the A180 is almost $130k if I want to buy one! I like this video:
We decided on a Mitsubish Lancer Mivec 1.5 for $60k and deregistered the KIA for $20k. We only had to pay a balance of $40k. Guess what, it would cost her about $80k now to get the same Mitsubishi 9 months later!
Very rarely do we make money from buying cars but my mom did (well, by saving money). $20k. No small change. Makes me wonder if I should have changed my car at the same time she did. ;-)
You might be interested in this post:
Grow your wealth and beat inflation.