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how much salary in order to own a CAR in SG

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  • sgisawasteoftime's Avatar
    106 posts since Apr '09
    • let say u make $3000 per month - 20% cpf =$2400

      $400  for food

      $100 for handphone bill

      $90 carpark

      $60 internet bill

      $600 car installment

      $400 petrol

      $200 insurance

      haven't included car maintance

      haven't included  go out with girlfriend

      haven't included go call hooker

      did i miss out anything?

       

       

       

       

       

       

      Edited by sgisawasteoftime 19 Sep `09, 9:18PM
  • lianamaster's Avatar
    16,075 posts since Sep '08
    • Never underestimate gf's expenses.

      Anyway, there's:

      ERP

      Fines/Summons

      Road Tax

      Parking in shopping malls etc....

      to add on just for expenses on cars.

  • sgisawasteoftime's Avatar
    106 posts since Apr '09
  • lianamaster's Avatar
    16,075 posts since Sep '08
  • sgisawasteoftime's Avatar
    106 posts since Apr '09
    • i still wonder how ppl can own a car when they are making like $2000 sing per month

      the only 2 reason i can think of

      ah sei kia or strike toto

      Edited by sgisawasteoftime 19 Sep `09, 9:33PM
  • lianamaster's Avatar
    16,075 posts since Sep '08
    • Originally posted by sgisawasteoftime:

      i still wonder how ppl can own a car when they are making like $2000 sing per month

      the only 2 reason i can think of

      ah sei kia or strike toto

      Maybe they opt for small or OPC cars.

  • nightsky87's Avatar
    2,252 posts since Jul '05
    • Originally posted by sgisawasteoftime:

      i still wonder how ppl can own a car when they are making like $2000 sing per month

      the only 2 reason i can think of

      ah sei kia or strike toto

      0% downpay, 10 year loan, 110% loan (cashback), etc etc.

  • lianamaster's Avatar
    16,075 posts since Sep '08
    • Originally posted by nightsky87:

      0% downpay, 10 year loan, 110% loan (cashback), etc etc.

      This type of financing will stretch you to the limits. LOL

      icon_lol.gif

  • One Harmonius Blend's Avatar
    2,690 posts since Aug '09
  • nightsky87's Avatar
    2,252 posts since Jul '05
    • Originally posted by lianamaster:

      This type of financing will stretch you to the limits. LOL

      icon_lol.gif

      Yup, but you'll be surprised at the limits people are willing to push, just to afford a car, condo, etc etc...

  • lianamaster's Avatar
    16,075 posts since Sep '08
    • Originally posted by One Harmonius Blend:

      Around $5k

      Agree... top up extra $2k per month if you want a car and a family.

    • Originally posted by nightsky87:

      Yup, but you'll be surprised at the limits people are willing to push, just to afford a car, condo, etc etc...

      Yup... I agree...

      You never know how ppl will go all out to get what they want.

  • One Harmonius Blend's Avatar
    2,690 posts since Aug '09
    • Originally posted by lianamaster:

      Agree... top up extra $2k per month if you want a car and a family.

      What do you mean?

  • lianamaster's Avatar
    16,075 posts since Sep '08
    • Originally posted by One Harmonius Blend:

      What do you mean?

      I heard that supposedly you want to maintain a family of 2 kids and a car like Altis comfortably, you need at least a monthly income of $6000 - $7000.

  • One Harmonius Blend's Avatar
    2,690 posts since Aug '09
    • Unless you want to have the best of both world, then yes. But car insurance i dunno how much though

      Edited by One Harmonius Blend 19 Sep `09, 11:55PM
  • lianamaster's Avatar
    16,075 posts since Sep '08
    • Originally posted by One Harmonius Blend:

      Unless you want to have the best of both world, then yes. But car insurance i dunno how much though

      It varies with what car, your age and driving experience as well as which insurance agent you buy from. Usually around $2k to $3k plus per annum.

  • One Harmonius Blend's Avatar
    2,690 posts since Aug '09
    • Originally posted by lianamaster:

      It varies with what car, your age and driving experience as well as which insurance agent you buy from. Usually around $2k to $3k plus per annum.

      If those 100k cars like Lexus then how much? (insurance)

      Edited by One Harmonius Blend 20 Sep `09, 12:00AM
    • Originally posted by sgisawasteoftime:

      let say u make $3000 per month - 20% cpf =$2400

      $400  for food

      $100 for handphone bill

      $90 carpark

      $60 internet bill

      $600 car installment

      $400 petrol

      $200 insurance

      haven't included car maintance

      haven't included  go out with girlfriend

      haven't included go call hooker

      did i miss out anything?

       

       

       

       

       

       

      Unless you dont plan to start a family, then yes

  • alleggerita's Avatar
    8,119 posts since Aug '06
    • Originally posted by One Harmonius Blend:

      If those 100k cars like Lexus then how much? (insurance)

      Price of insurance premiums depends on a lot of factors. Your safety record, your age, how long have you been holding your license, what's the performance of your vehicle, and etc.

    • Originally posted by lianamaster:

      I heard that supposedly you want to maintain a family of 2 kids and a car like Altis comfortably, you need at least a monthly income of $6000 - $7000.

      If you scrimp and scrape, no need 6-7k/mth la. icon_lol.gif

      My auntie's husband is SIA captain, take home 8-9k per month. Stay semi-detached, owns Corolla Altis, has 2 kids and still can save quite a lot of money per month. If he really wanted, he could have sacrificed savings for an even better car.

      Added: There's stories of his fellow captains also with 8-9k salary with only a wife and no kids managing bungalow with Lamborghini. But that's because that captain took his savings and invested in stocks. icon_lol.gif

      Edited by alleggerita 20 Sep `09, 10:19AM
  • limpper's Avatar
    8,686 posts since Jun '08
  • lianamaster's Avatar
    16,075 posts since Sep '08
    • Originally posted by alleggerita:

      If you scrimp and scrape, no need 6-7k/mth la. icon_lol.gif

      My auntie's husband is SIA captain, take home 8-9k per month. Stay semi-detached, owns Corolla Altis, has 2 kids and still can save quite a lot of money per month. If he really wanted, he could have sacrificed savings for an even better car.

      Added: There's stories of his fellow captains also with 8-9k salary with only a wife and no kids managing bungalow with Lamborghini. But that's because that captain took his savings and invested in stocks. icon_lol.gif

      The figures are given to me by a reservist when I was a NSF a few years back. I find it kind of logical when he explained to me where the money goes. So, the amount will be reasonable to buffer the inflation of goods that we have to suffer every year. Better to 'overquote' than 'underquote'. At most, any leftovers can be used for investments, savings or for own entertainment. No harm done......icon_lol.gif

    • Originally posted by One Harmonius Blend:

      If those 100k cars like Lexus then how much? (insurance)

      I am not sure. Wait till I have the financial means will I head down to the Leng Kee showroom and ask. icon_wink.gif

  • mh2's Avatar
    1,118 posts since Jan '08
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