juz wanna noe...

• TwinTurbo_Supra

  3 Jul 04, 15:50

  ppl usually at wad kinda income own cars? n wad is the average monthly installments for cars?
• LH83

  3 Jul 04, 16:34

  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???
• bmw_lover

  3 Jul 04, 16:36

  this is a very subjective question you are asking.... people earning 1k a month might own cars.... people earning 5 digit pay a month might also own a car.....
  
  and there isnt really an average monthly installment.... if you buy a picanto and a ferarri... sure is diff right? but i'm guessing you get my point...
• bmw_lover

  3 Jul 04, 16:42

  Originally posted by TwinTurbo_Supra:

  ppl usually at wad kinda income own cars? n wad is the average monthly installments for cars?

  perhaps you might name wud car you interested in so we can help you with the digits.
• Troy437

  4 Jul 04, 02:48

  Me take home $2K a month.
  At least $1,100/- on my small turbo car (instalment+petrol+parking)
  More than half gone liao...... but me luv my Mitsubishi mini turbo
  
• TwinTurbo_Supra

  4 Jul 04, 12:21

  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?
• LH83

  5 Jul 04, 01:46

  COE is one shot pay for 10 yrs, or 7 yrs if it's 2nd hand... Insurance is annually and installments are monthly... Road tax not too sure... either is monthly or yearly... I don't own a car... better not ask me... I was just estimating... hee..
• sgboy2004

  5 Jul 04, 04:56

  Originally posted by Troy437:

  Me take home $2K a month.
  At least $1,100/- on my small turbo car (instalment+petrol+parking)
  More than half gone liao...... but me luv my Mitsubishi mini turbo
  

  $900 to eat...more than enough...unless u spend on woman