assuming no family committment 5 years from now. assuming normal expenditure... don't think about accident from sickness, etc etc...
how do you gauge what kind of car you can afford at the most?
assume also willing to commit fully to car until break-even year. example, 7years loan, break-even usually at 3rd year. AND, not getting a 10years loan...
let say earn $3k/month...
tick
why not "assuming you strike Toto first prize tommorrow", then what car would you buy?
you can buy any car you like!
delifrance30
Originally posted by tick:
why not "assuming you strike Toto first prize tommorrow", then what car would you buy?
you can buy any car you like!
hmmm.... that's true... i'll buy a porche gt2...
so, assume i DON'T strike Toto tmrw, and assume that i'm genuinely asking a really innocent question here, so what's the possible assumptions for cars?
imprezaWRXSTi22B
earn 3k can afford most cars easily la(below 100K ones). wad r u still thinking about? mai tu liaoz
elfhunter
haha, brother dun need to worry. The finance company that u took the loan from, will check on yr credit worthiness and will determine whether or not to approve yr loan, and even if approved, at what level.
Usually to determine whether the loan will approved or not, just use yr mth instalment times 3.5 time. If your mth salary is more then this amount, then should not be a problem. If not, think u have to find a cheaper car or pay more downpayment.