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  1. Hi All, Currently I'm using a Mazda Familia BJ5P (JDM, YOM 2000, facelifted) car as my daily office drive for nearly three years. I initially wanted to buy a FB15, but had to settled with BJ5P due to the limited budget. From the first day I fell in love with this car and in two words I can sum-up the value so far I got as "exceeding expectations". When consider the price I paid (1.7 mil in very early 2014) I'm more than satisfied with the comfort, handling/ driving pleasure, fuel economy, reliability etc. It never let me down so far - may be due to I'm doing the regular services properly and using carefully. I don't want to sell this car since at the moment I'm satisfied with it. Planned to sell it after 2 more years and odo is now reaching 120,000 km and timing belt to be replaced soon. Meanwhile now one of my office friends is suddenly selling his Belta (2008 model, 1300cc) looking for an upgrade before the coming budget. His Belta is in mint condition and he is the second owner. It is properly maintained, no accidents and carefully used, 73,000 km on odometer. He claims he can easily sell his Belta for 3.6 mil within couple of days. He would like to reduce the price around Rs. 50,000 - 60,000 for me and wait for few days if I'm willing to sell my BJ5P and buy his Belta. Also gave me a friendly advice; better to sell my current car now since it is already old, there will be a difficult time after this budget and after that finding a reliable, well maintained car is really hard and selling an old car is difficult. In my gut feeling (I'm not an expert in autos) I think this upgrade is worth for just above 3.5 mil since I know the car. My inner mind says use this opportunity, otherwise I will have a tough time later with selling my current car and hunting for a good car. I already had a test drive. What I really felt during driving is there is not much of different. Probably my current BJ5P is comfier and has better handling (may be I'm biased towards my current ride). What I understood was there is no big difference in driving pleasure/ comfort. Only thing I get is a newer car, better fuel economy and "Toyota badge" for resale in few years. Now he wants to know my decision. According to current market I think I would be able to sell my BJ5P around 1.9 mil - 2 mil. I don't want to go for a lease. I can manage this with a small personal loan and I already have a 1 mil FD in bank (this budget is not an issue, car is passed the test). I'm in a dilemma whether should I upgrade or not? When asking from other friends some says it is a waste of money if I'm upgrading without a need and some says that upgrade is worth and go for it, since it is a "Toyota" it will be like a FD (I'm not a fan of Toyota or any specific brand). And one of my relations said my current car is still in great condition and do the T belt repair and keep it for another couple of years, and instead of upgrading, he suggested to buy a block of land of few purches nearby his surrounding (in Homagama area). He said land value will be almost doubled in 2-3 years (I have no idea whether it is true or false). Please let me know your opinion with below options (I'm not an expert in automobiles, investments or financial planning. But I consider loans/ leases as headaches and disturb my peace of mind. I'm an average professional with an average income and it is sufficient to keep my simple, peaceful lifestyle). Option 1: Sell my current BJ5P car and upgrade to the Belta. (need to get a small personal loan here) Option 2: Keep my current car. Also keep extending the 1 mil FD in the bank and keep the peace in mind. Option 3: Keep my current car and purchase that land (need to get a small personal loan here) Thank you in advance.
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