Don't blindly follow the rich. For the rich, when they buy a car, they are buying with money that they can well spare. For eg, if they have $5m networth which they invested for a modest 5% return, they will earn $250k pa. This can afford them an E200? And that's every year!
For the rest of us, buying a mere Sylphy or Altis will eat into our base and set us further back from building up our retirement goal.
So dont anyhow huat here, huat there.
Quote:
Originally Posted by Unregistered
With so many rich families in Singapore, not surprising why many people buy new cars. Someone here said his friends who bought their new car in 2013 is changing car soon. So not only those whose car is reaching 10 years are buying. Even those who bought when COE was at $90k plus are buying new cars. |