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Originally Posted by Unregistered
Thanks for the advice. We just booked this weekend as we cannot afford to go without car as we don't think COE will drop with so many cars deregistering. The demand will outstrip supply. |
Good move. Don't buy an expensive car. It is a depreciating asset. Buy a cheap, good car and save your money for your retirement. Invest your money in dividend stocks. If I have $200k cash, I will not buy a $200k car. I will buy a $100k car, paid in cash and invest $100k in dividend stocks which give me 5% yield. Every year, I get $5k dividend and over 10 years, I get $50k dividend which I can use to buy my next car. If I buy a $200k car, my $200k will be burnt after 10 years.