Just passed
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Newbie here. Just got my driving licence 2 days ago. I was asking around and ppl kept telling me to get new car instead of 2nd hand ones. But I won't be getting one anytime soon cos income doesn't allow. Just wondering..how much should one earn before being able to buy a new car and cope with the very expensive monthly misc expenses. My take-home pay is currently 1.6k btw..
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Hi hmm no offence but i take home abt 2.5 k and yet i still dont dare to even think of owning a car so up to your preference ...
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Unless you only want to spent like 200 every month... the rest will go into your parking, insurance, road tax, installment, petrol, etc...
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wow just curious so roughly a new honda jazz mth installment will cost how much excluding all the expenses if take up 10 yr loan?
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Ya gonna worsen Singapore's traffic congestion?
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i'd prefer an old 2nd hand car
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if really need a car then maybe u can buy one. but if dun really need its better to save up. u can always rent a car or buy a cheap coe car.Originally posted by wei1085:Newbie here. Just got my driving licence 2 days ago. I was asking around and ppl kept telling me to get new car instead of 2nd hand ones. But I won't be getting one anytime soon cos income doesn't allow. Just wondering..how much should one earn before being able to buy a new car and cope with the very expensive monthly misc expenses. My take-home pay is currently 1.6k btw.. -
Many many threads about car ownership.
Normally monthly installment is around 500 for most car... - + .....
That is haven plus petrol, road tax, insurance,parking fee...etc..
From what i estimated for myself, i should prepare aside 1k for car per month...
THAT IS AT LEAST...
cuz like i said, 500 + petrol + parking fee etc etc....
If you cant bare to let go 1k/mth, forget about it...
PS: My views are on normal car plate, if OPC car, surely less use = less money -
Car - capital cost plus running cost.
Running cost alone can be quite scary.
Work out the sums carefully.
In my view, take-home 1.6K, not prudent to buy car. -
ERP ERP ERP
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yup.. agree with most bros here.. got to be patient..
i am earning a decent income... committments not so great.. i am earning more than 6k... but i still drive an OPC only.. last time i drive a non opc.. then find it useless... waste $ to park in town.. waste $ to pay ERP.. i only drive to work on fridays.. reach office before 7
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if u wanna drive ard and try out the ownership of a car, why not consider a PARF car? lower risk compared to COE cars..
but of course you have to get inspect the car first. -
What if I get a proton gen 2 (OPC) or proton savvy (OPC)? Will it be better for the budget? Cos i usually work from 7am-7pm so the OPC hours are alright for me. Plus I dun work everyday. And what does it mean by "High Cash Rebate @ 30% of interest"?
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save money for more down payment better...
loan 10 years is like renting the car minus the free maintenance, free road tax, free insurance
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Weekend car ?Originally posted by wei1085:Newbie here. Just got my driving licence 2 days ago. I was asking around and ppl kept telling me to get new car instead of 2nd hand ones. But I won't be getting one anytime soon cos income doesn't allow. Just wondering..how much should one earn before being able to buy a new car and cope with the very expensive monthly misc expenses. My take-home pay is currently 1.6k btw..
Low CC one such as Getz?
monthly installment i think is 300 plus plus, plus petrol another $150. parking etc.. think you would have to spend 600 plus a month...
why not rent a car as and when you need one?
No maintainance problem -
U shall go and learn 2B and ride a bikeOriginally posted by wei1085:Newbie here. Just got my driving licence 2 days ago. I was asking around and ppl kept telling me to get new car instead of 2nd hand ones. But I won't be getting one anytime soon cos income doesn't allow. Just wondering..how much should one earn before being able to buy a new car and cope with the very expensive monthly misc expenses. My take-home pay is currently 1.6k btw..
Then Yr license will be out to good use. Cheap and a good personal transport.