How much of your net worth would you spend on cars?

[Salary.sg]

Suppose your net worth is $3M (including residence) and you have 2 cars that cost $600K total. That is 20% of your net worth.

Originally Posted by Salary.sg

Suppose your net worth is $3M (including residence) and you have 2 cars that cost $600K total. That is 20% of your net worth.

if use networth i dun think many ppl can afford..

a more appropriate number is % of celery

Ya weird, why using net worth? Car is not even an asset in general right?

Originally Posted by Unregistered

Ya weird, why using net worth? Car is not even an asset in general right?

The richer you are, the more non-asset luxuries you can afford. If you're not rich, why spend so much non-asset non-essential luxuries like a car? There's always public transport and Grab.

Originally Posted by Unregistered

The richer you are, the more non-asset luxuries you can afford. If you're not rich, why spend so much non-asset non-essential luxuries like a car? There's always public transport and Grab.

You don't understand that a car is more than transport to some. It is unbeatable convenience and privacy. It is also in my case, a love for driving and a love for cars that makes it a passion that's worth it. I spent 50%. My liquid net worth 200k before car, after car is 100k (car is an expense not an asset so not in net worth).

Cheers.

Originally Posted by Unregistered

You don't understand that a car is more than transport to some. It is unbeatable convenience and privacy. It is also in my case, a love for driving and a love for cars that makes it a passion that's worth it. I spent 50%. My liquid net worth 200k before car, after car is 100k (car is an expense not an asset so not in net worth).

Cheers.

Precisely. Only low ses, small minded people don't get it.