Originally posted by evo sei:Those in Bold will not be included. Taking Toyota Vios as a benchmark, how much is needed per mth?
To elaborate further, the cost breakdown as follows:
Monthly instalment =
Road tax =
Insurance =
Fuel =
Parking (home) = ($90 per month for HDB MSCP)
Parking (office) = ($100 to $250 depending on location)
ERP = (varies from car to car)
Grooming = (car care products/polish/wax etc)
Servicing/maintenance = (every 10,000km if using synthetic engine oil)
Tyres = (replace after every 40,000km)
The key is to calculate the sum of rest of the components and then see how much you've left for payment of instalment.[/b]
Thanks for your advice. Really clear and sweet.Originally posted by evo sei:Assuming you're paying $52k for the car, 10 year loan of $48.5k at 2.7%, so monthly instalment is $500.
Monthly instalment = $500
Road tax = $100 (per month)
Insurance = $100 (per month)
Fuel = $300 (estimated)
Parking (home) = $90 per month for HDB MSCP
That's already $1.1k down the drain.
http://www.toyotasingapore.com.sg/showroom/vios/index.html