how much salary in order to own a CAR in SG
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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?
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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.
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i miss out so much LOL
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not only singaporean will become a house slave also a CAR slave
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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
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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.
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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.
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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
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Around $5k
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Originally posted by lianamaster:
This type of financing will stretch you to the limits. LOL
Yup, but you'll be surprised at the limits people are willing to push, just to afford a car, condo, etc etc...
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Originally posted by One Harmonius Blend:
Around $5k
Agree... top up extra $2k per month if you want a car and a family.
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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.
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Originally posted by lianamaster:
Agree... top up extra $2k per month if you want a car and a family.
What do you mean?
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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.
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Unless you want to have the best of both world, then yes. But car insurance i dunno how much though
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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.
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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)
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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
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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.
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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.
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.
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depends on what kind of car you want
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Originally posted by alleggerita:
If you scrimp and scrape, no need 6-7k/mth la.
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.
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......
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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.
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can live without car is best.