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Friday, November 2, 2007

Car? or Pick-up?

Omar will be selling his newly restored Toyota Corolla. I like his car. It's so classic, it's so clean. Every time we use it, even if it's not a brand new car nor a luxury car, we always get a stare or people will ask about it. Sometimes, I want to stop him from selling it. I want it to be Summer's car when she grew up. But I have to respect his decision with his car.

Now, he's thinking of getting a brand new Toyota Vios for its fuel saving capacity or a second hand Pick-up so he can use it when purchasing parts for the shop.

His plan was to use the money from his old car for down payment and to pay the balance in installment. Will it be in-house financing from the car dealer? Or car loan from the bank? We definitely have no idea what's the best deal until I came across a site offering home equity loans, and they are offering car loans too.

Hmmm... needs a little more thinking.

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