It is less costly to buy a car in Brunei. First, no GST/PST, no air condition/emission tax, no battery tax, etc. In Canada, be prepare of those taxes on top of a $25,000 car. With tax inclusive, y ou are looking at a few thousand dollar more. A $25,000 car will end up be $28,000 before it hits the road. This is not the ending of the story yet. For all new Canadian driver, congratulation that you pass those test and regulations. The exciting news is that YOU ARE NOT GOING TO OWN A CAR unless you can afford at $4000 car insurance per year as per ICBC regulation. Or else, please consider Translink. They cost less dollar in short run. In long run, all money spent on translink or public transport are considered EXPENSE. Which mean, " thanks for spending and enjoy our speedy service." Oop, forget to tell everyone out there in Vancouver, there will be a strike soon. So, start gearing up your bicycle. Great for summer!
After all these hardship, buying car in Brunei seem to be less challenging. Though public transport sucks, it only cost you $1.00 per trip except no bus-ing at night. Use taxi please. The other way, put down some deposit and get a car. The financing rate with local bank only cost 6% on principle. That mean, 0.5% per month. With your saving rate at 1% per year, you are looking at only 0.416% per month car financing. Hooray, what a great deal. Yes, only when you also have the similar amount of deposit in your bank. Bottomline, if you dont have liquidity (cash), instalment (though expensive) is a good way to enjoy luxury!
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