Hi pitiek,
I just want to give you something to think about. This all depends on whether or not you can extend your budget and presumes that you will keep the car for only 5 years.
Historically, the Jazz holds its value well for the first 4 to 6 years. Like most cars they then to take a bit of a hit. I really think that you should consider buying a brand new Jazz. A second hand $12,000 Jazz will probably be worth about $5000 to $6000 in 5 years. A brand new automatic Vibe will cost you around $20,000 on the road and will probably get you $13,000 to $14,000 in 5 years if you take care of it. Up to 80,000kms your servicing costs are minimal and you are unlikely to spend anything on repairs. You will get full 12 months rego, brand new tyres and no uncertain history.
After 5 years you'll probably come out about even (extra interest included) but you'll have the piece of mind and luxury of having a new car with more features.
May not be for you but I just thought I'd raise the possibility.
Cheers.

