Is it worth to buy a car?
-
I'm spending like 500 a month on transporatation, mainly taking cabs to work. So should i buy a car, is it worth it?
And if i were to buy a 45k and down 5k estimated how much will i have to fork out a month on installment + petrol + parking? -
You not yet add road tax, insurance, car maintenance, etc etc.
-
http://www.uobgroup.com/pages/personal/loans/carloan.htmlOriginally posted by MisterMoon:I'm spending like 500 a month on transporatation, mainly taking cabs to work. So should i buy a car, is it worth it?
And if i were to buy a 45k and down 5k estimated how much will i have to fork out a month on installment + petrol + parking? -
set aside 1k, tat's excluding service, repairs, summons etcOriginally posted by MisterMoon:I'm spending like 500 a month on transporatation, mainly taking cabs to work. So should i buy a car, is it worth it?
And if i were to buy a 45k and down 5k estimated how much will i have to fork out a month on installment + petrol + parking? -
Usually to maintain a saloon car safely without strangling your finances, its best to set aside $1.2k to $1.5k.... just in case...
-
Is worth to buy a car only for any of these 3 reasons
1. you got spare cash
2. you got a family
3. your job needs it.
else use public transport, be it bus, mrt, taxi or even trishaw. -
buy ??
more like renting a car for 10 years
consider car sharing if you need to use car at times -
Based on your sum, you are likely to go for something around 1400cc,Originally posted by MisterMoon:I'm spending like 500 a month on transporatation, mainly taking cabs to work. So should i buy a car, is it worth it?
And if i were to buy a 45k and down 5k estimated how much will i have to fork out a month on installment + petrol + parking?
Monthly instalment = 427 for 119 months
Car park = $75 - 90
Petrol depended on how your travelling, put $200 maybe.
Road tax = 800 yearly
Insurance depended on age, I guess around $1k first year 10% less each year.
You will enjoy no waiting time for taxi.
Go for a 1.1 litre, save fuel and month less then $385. -
it would be more worth it if u take the bus and the train.Originally posted by MisterMoon:I'm spending like 500 a month on transporatation, mainly taking cabs to work. So should i buy a car, is it worth it?
And if i were to buy a 45k and down 5k estimated how much will i have to fork out a month on installment + petrol + parking? -
true....but you would hate wasting time when looking for car park lotOriginally posted by king108:You will enjoy no waiting time for taxi. -
personally i think it's not worth the money, unless you calculate lah, you really need it then it may be fine to flush out the money, but for most cases, it's not worth it. I take cab everyday one whole month only spend $400, but for car it'll be $1k per month plus the fact that you are tied to the commitment, you will lose your freedom, imagine you very dulan your job but you cannot quit, coz if not bank will sue you. For me, free and easy is still the best, good food good drinks, nice shopping trips, and being driven all around, sure more worth it than just placing all the money on 1 car.
-
can lah, the chery QQ...
Originally posted by MisterMoon:I'm spending like 500 a month on transporatation, mainly taking cabs to work. So should i buy a car, is it worth it?
And if i were to buy a 45k and down 5k estimated how much will i have to fork out a month on installment + petrol + parking? -
buying a vehicle in singapore is never worth it.
its all about liabilities -
Motor bike more economical,but of course not BMW bike.Originally posted by kenn3th:it would be more worth it if u take the bus and the train.
-
Get a goods vehicle its much cheaper.
There is one new china brand Haifa that is only selling for less than $20k all in.
Very worth it for using to work and simple weekends runaround.
It will help you to save on waiting time with taxi, expecially if your need one urgently during peak hours.
Trust me, getting s peroannal transport is worth all the effort.
Please remember one thing in LIFE......enjoy it while it last. -
If your job required you to travel, most likely you will need to get one. Hence getting one that fitted your budget will be the best option.
-
well said. buying car in singapore is nv worth. COE n road tax n petrol are e killers. not e cars. this is their marketing strategies. Cars itself are cheap, it's e maintence tat will put off many pple. tt's hw government earn money.Originally posted by LifeIsWonderful:personally i think it's not worth the money, unless you calculate lah, you really need it then it may be fine to flush out the money, but for most cases, it's not worth it. I take cab everyday one whole month only spend $400, but for car it'll be $1k per month plus the fact that you are tied to the commitment, you will lose your freedom, imagine you very dulan your job but you cannot quit, coz if not bank will sue you. For me, free and easy is still the best, good food good drinks, nice shopping trips, and being driven all around, sure more worth it than just placing all the money on 1 car. -
so which are you??Originally posted by sir_boris:Is worth to buy a car only for any of these 3 reasons
1. you got spare cash
2. you got a family
3. your job needs it.
else use public transport, be it bus, mrt, taxi or even trishaw. -
Motorbike is an alternative
-
congrat on your life baby!Originally posted by LifeIsWonderful:personally i think it's not worth the money, unless you calculate lah, you really need it then it may be fine to flush out the money, but for most cases, it's not worth it. I take cab everyday one whole month only spend $400, but for car it'll be $1k per month plus the fact that you are tied to the commitment, you will lose your freedom, imagine you very dulan your job but you cannot quit, coz if not bank will sue you. For me, free and easy is still the best, good food good drinks, nice shopping trips, and being driven all around, sure more worth it than just placing all the money on 1 car. -
These 2 are for me
2. you got a family
3. your job needs it.
Tks for asking...
Originally posted by Mitsubishi hater:so which are you?? -
True, but i'm fed up with public transport especially cabbys... i guess ultimately buying or not depends on whether you're willing to part with your money huhOriginally posted by LifeIsWonderful:personally i think it's not worth the money, unless you calculate lah, you really need it then it may be fine to flush out the money, but for most cases, it's not worth it. I take cab everyday one whole month only spend $400, but for car it'll be $1k per month plus the fact that you are tied to the commitment, you will lose your freedom, imagine you very dulan your job but you cannot quit, coz if not bank will sue you. For me, free and easy is still the best, good food good drinks, nice shopping trips, and being driven all around, sure more worth it than just placing all the money on 1 car. Thanks for all the advice!! -
Buy car for purpose of transport is not worth it.
Buy car for purpose of transport, convenience & lifestyle improvement is probably worth your $$$ -
Owning a car is not without fedups also.....Originally posted by MisterMoon:True, but i'm fed up with public transport especially cabbys... i guess ultimately buying or not depends on whether you're willing to part with your money huh Thanks for all the advice!!
-
correct...one of which is parking !!Originally posted by sir_boris:Owning a car is not without fedups also.....