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Old 20-02-2015, 05:32 PM
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Originally Posted by Unregistered View Post
What car do I deserve?

Total household income (my salary, spouse salary, rental income):$260K
Total HH income excluding rental income: 200K
No kids
Stay in condo
2 other investment properties rented out (spouse and me)
My CPF 160K
My cash 100K
No credit card debt, no loans other than housing and investment property loans.

a) no car. Be frugal and Bus Walk, MRT. Which is what I am doing now
b) jap car. Can get brand new jap car for 80K which I can pay by 100% cash
c) moderate conti car. Can get new volvo saloon for 137K
d) entry luxury conti car. Can get new Audi saloon for 160K

Consequences:
If I buy any car, will have a lot less cash to invest in 3rd property or shares when the downturn hits. Could set me back my hundreds of thousands in the long run.

If I don't buy car, just carry on with current situation loh. But family and friends all think I am xiao for not buying car.
Your cash and cpf is on the low side for your age. What is the net asset value and loan on the properties? With the oversupply, interest rate increase and falling prices your equity may be wiped out and rental not enough to cover the repayment.
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