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Old 04-12-2008, 01:53 PM
Mr T--
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Default 3531

Assuming the case study couple lost $400K in home depreciation over the past 12 years. In retrospect, has anyone thought about the amount of money Singaporeans lose from car ownership.

Generally, most singaporeans change cars every 3 years, so in 12 yrs, they would have gone thru 4 car ownerships. For a 3 yr depreciation on cars (Jap and Conti), it can range from $30K to $100K per yr, so go figure how much money can be lost in 12 years, just having a set of wheels..
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