Originally posted by LH83:
Ooh.. I just LOVE number games... Let's see... If I'm not wrong.. a 2nd hand car would cost about $40,000 to $60,000 while a new car can cost anywhere from $60,000 to $300,000 and above, depending on car... including COE of course...
So, normally, on average, you can expect to pay about $400 to $1,200 on monthly installments ALONE... adding in fuel, parking and maintenance, IF there are no repairs, you can expect to pay around $600 to $1,500 a month for your car... Then you still have to consider that there is the yearly road tax and insurance you also have to pay.. New drivers have to pay higher insurance, as well as those driving sports cars and coupes if I'm not wrong...
So.... if you have a family, you'd better be earning at least $3,000 a month just to be on the safe side...
Of course, this is only my estimate for a normal family saloon car... and I'm also a new driver who doesn't own a car so... any car owners want to clarify what I just said?? Is it true? Or have I overestimated???
do u pay COE together wif the car? wif installments? wad abt other taxes?