Today I have a quiz for you to answer – who is smarter in the story below:

A lady wanted to buy a Japanese branded car because she is of the impression that it is better than our 2 national cars – i.e. Proton and Perodua.

Now the above mentioned lady is a reader of GenX GenY GenZ and have been taught:

1. Pay as much as possible upfront to save interest on car loan.
2. Sign up for shorter loan tenure to save on interest too.
3. Be debt FREE sooner as possible as anything can happen in the future and we want financial freedom.
4. Buying car is shiok sendiri. All Japanese cars are good in terms of saving money on maintenance but they are all tin cans. On the other hand, those who makes safety a top priority and have money to burn will get a Volvo or BMW.

Basically the lady has RM50K cash money to pay for part of the car price and the balance she is willing to take a loan of max RM50K for 3 years. Therefore she is looking for a car costing up to max RM100K.

The husband on the other hand insisted that his wife (the lady above) purchase the new Perodua Ativa using RM30K to pay for the car and balance RM31K with loan for 3 years.

Therefore the lady will have RM20K cash and also save money on the loan interest.

With the above said paragraph, the husband told the lady to get a Classic Chanel Flap Bag with Polished Gold Hardware which cost close to RM30K where the lady will use RM20K from her balance cash and the husband will top up RM10K for the bag.

So who is smarter? You can post your answer at my FB Comment Section for this article but only answer (1) Wife OR (2) Husband and nothing else unless you want to be banned.

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