Can share your your car expenditure a month? - Page 4 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Can share your your car expenditure a month?

Reply
 
Thread Tools
  #31 (permalink)  
Old 27-03-2021, 03:00 PM
Unregistered
Guest
 
Posts: n/a
Wink

Quote:
Originally Posted by Unregistered View Post
You may be overly conservative. I bought a new car with cash when I was earning a take home of about $3k only cos I really love driving and being away from crowds. Yes it could get a bit tough to manage at times but I still managed to save.

It all depends on your lifestyle (e.g. do you travel overseas? Eat out at restaurants? Buy random toys?). I'm an introvert and love hiking in nature which costs nothing...to me the car was all of my lifestyle expenditure.
You're exactly right. I eat cheap and nice food rather than restaurants and I dont buy useless branded stuff, I saved alot of money as a result and bought the whole car in cash.

Reply With Quote
  #32 (permalink)  
Old 25-10-2021, 05:08 PM
Unregistered
Guest
 
Posts: n/a
Default

I earn $6.5k/mth and I saved up for some years and bought a car slightly over $100k recently. Still wondering if I made a stupid decision. I still have decent savings and investments, but given my income it feels weird.

I do question, why do we as Singaporeans have to work hard yet be expected to settle for mediocrity (public transport)? When people in other countries can buy the exact same car for $20k.

Reply With Quote
  #33 (permalink)  
Old 25-10-2021, 05:41 PM
Unregistered
Guest
 
Posts: n/a
Cool

Quote:
Originally Posted by Unregistered View Post
I earn $6.5k/mth and I saved up for some years and bought a car slightly over $100k recently. Still wondering if I made a stupid decision. I still have decent savings and investments, but given my income it feels weird.

I do question, why do we as Singaporeans have to work hard yet be expected to settle for mediocrity (public transport)? When people in other countries can buy the exact same car for $20k.
What is wrong with taking public transport? If you need a car, go ahead and get.

For some people buying a car is not a need.

Nothing wrong to think that you should enjoy good things with hard earned money. But do it when you can really afford without relying on a job.

Reply With Quote
  #34 (permalink)  
Old 25-10-2021, 06:03 PM
Verified Member
 
Join Date: Sep 2021
Posts: 19
kim1995 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
I earn $6.5k/mth and I saved up for some years and bought a car slightly over $100k recently. Still wondering if I made a stupid decision. I still have decent savings and investments, but given my income it feels weird.

I do question, why do we as Singaporeans have to work hard yet be expected to settle for mediocrity (public transport)? When people in other countries can buy the exact same car for $20k.
Hmm not to be rude but owning cars in Singapore is never a good investment, even if you make 6.5k a month.

I recall reading a website that did the math for taking grabride everyday vs owning a car. The grabride was still cheaper. On top of that you don't have to worry about parking, sudden car accidents, insurance car scammers or having to drive after a long day of work.

Also public transport is not mediocrity... I'm not sure where did you get that idea... every other 1st world country have public transport, there's upper class people taking them all the time, especially in NY and Tokyo.. These people make close to 300-400k a year yet they still take the train.

Sometimes people just like taking long train / bus rides. It's a good way to unwind and relax after a long day.
Reply With Quote
  #35 (permalink)  
Old 26-10-2021, 11:21 AM
Unregistered
Guest
 
Posts: n/a
Default

Let me summarize the thread up to this point:
- Owning a car is expensive, very expensive. If you are concerned about the cost, you shouldn't buy a car.
- Grab is much cheaper than owning a car with the same convenience
Reply With Quote
  #36 (permalink)  
Old 26-10-2021, 01:10 PM
Unregistered
Guest
 
Posts: n/a
Default

I bought a BMW when I was in my late 20s. I was earning around 200k per year. Was paying like 2k a month as it was those sports bmw coupe.

Now in my early 30s, I make around 400k a year. I scrapped my car and kept life as frugal as possible. No more headaches for car maintenance, no more petrol charges, no more consumed time trying to find car park. I take bus and mrt to and fro destination and feel a lot happier and calmer.
Reply With Quote

  #37 (permalink)  
Old 26-10-2021, 02:06 PM
Junior Member
 
Join Date: Oct 2021
Posts: 3
cheesepie is on a distinguished road
Default

Small Japanese Car (Left 8 years COE)
Left with 32k of car loan to service for another 3 years.

Per month:

Car installment - 900
Petrol - 200
Road Tax - 45
Car Insurance - 150
Servicing - 33

Total - around 1328 per month
Reply With Quote
  #38 (permalink)  
Old 26-10-2021, 02:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I earn $6.5k/mth and I saved up for some years and bought a car slightly over $100k recently. Still wondering if I made a stupid decision. I still have decent savings and investments, but given my income it feels weird.

I do question, why do we as Singaporeans have to work hard yet be expected to settle for mediocrity (public transport)? When people in other countries can buy the exact same car for $20k.
In singapore the jams not as serious.
The parking is very cheap. Just $1-2 per hour.

So must make car expensive.
I dun think it is a stupid decision.
Your operating cost will be about 2k per mth.

If you commute by grab, taxi a lot will also reach 2k per mth.


Basically it will work out to be the same.
Also u save time, and time can be invested into your work
Reply With Quote
  #39 (permalink)  
Old 26-10-2021, 09:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
In singapore the jams not as serious.
The parking is very cheap. Just $1-2 per hour.

So must make car expensive.
I dun think it is a stupid decision.
Your operating cost will be about 2k per mth.

If you commute by grab, taxi a lot will also reach 2k per mth.


Basically it will work out to be the same.
Also u save time, and time can be invested into your work
alr got online proof saying its a waste of money and that grab ride is cheaper lol

SMH


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #40 (permalink)  
Old 27-10-2021, 06:18 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
alr got online proof saying its a waste of money and that grab ride is cheaper lol

SMH
So it all depends if you see a value in driving your own car. Maybe you enjoy driving or are a car enthusiast or you enjoy the privacy and convenience of full time availability of exclusive transport that will make it worth it.

Cost of travel from point A to point B alone is never going to be a legitimate justification for buying a car in SG.
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
SP Group Meow Companies 8 16-05-2022 02:21 PM
Would like to know more on 3M and BAT, pls share... chocol80 Income and Jobs 24 12-06-2018 10:47 PM
any entrepreneurship stories to share? Liverpool Income and Jobs 8 01-11-2014 09:19 AM
If anyone has taken it, please share your views. Jimmy1978 Investments and Net Worth 0 13-01-2014 05:50 PM
please share your industry experience gcl Income and Jobs 0 24-03-2013 12:25 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
16,856 Replies, 6,228,632 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,495 Replies, 1,969,523 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
7,685 Replies, 2,248,791 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,003 Replies, 520,803 Views
Marriott International
0 Replies, 34 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,250 Replies, 872,915 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
3,841 Replies, 2,795,763 Views
Internship tips
5 Replies, 199 Views
Career as Teacher ( 1 2 3... Last Page)
5,429 Replies, 3,372,622 Views
HSBC Bank ( 1 2 3)
28 Replies, 57,742 Views
High Finance Thread ( 1 2 3... Last Page)
872 Replies, 224,176 Views
NUS (National University of... ( 1 2 3... Last Page)
199 Replies, 158,841 Views
IMDA (under MCI) ( 1 2 3... Last Page)
310 Replies, 138,470 Views
UOB Management Associate Program ( 1 2 3... Last Page)
854 Replies, 390,335 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,331 Replies, 2,229,243 Views
PSA International ( 1 2 3... Last Page)
86 Replies, 23,801 Views
GovTech ( 1 2 3... Last Page)
2,992 Replies, 787,068 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
163 Replies, 61,348 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,585 Replies, 3,023,735 Views
Micron starting pay ( 1 2 3... Last Page)
352 Replies, 138,427 Views
ST Engineering Aerospace ( 1 2 3... Last Page)
34 Replies, 35,764 Views
Mapletree Investments
7 Replies, 14,356 Views
is this tech job normal? ( 1 2 3)
26 Replies, 3,664 Views
Need some advice if I should early... ( 1 2 3)
25 Replies, 1,045 Views
Htx ( 1 2 3... Last Page)
76 Replies, 25,020 Views
Compare civil service salary ( 1 2 3... Last Page)
14,011 Replies, 8,678,240 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
547 Replies, 187,948 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,913 Replies, 1,863,135 Views
dealing with freelance investor
9 Replies, 3,409 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,047 Replies, 357,368 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:01 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2