Can share your your car expenditure a month?
Car owners: can share your your car expenditure a month?
to include tax, car maintainence, insurance, etc and why do u need a car? a luxury or necessity? |
There is a formula for car affordability.
1. The car must cost less than half your annual household income. E.g. to buy a $150k Honda Odyssey, you and your spouse must take home at least $300k. 2. The car must be paid in full with cash. Once you have done that, running costs will be less of a concern. If it matters to you, turbocharging is a moneysaving technology for Singaporeans. You can now buy a selection of cheapskate 1litre turbocharged cars with road tax of only around $390. Low insurance too. Drinks petrol same or better than a 1.5litre car and performace like a 1.5litre car. Finally, a car is a luxury until you own one. Then it becomes a necessity - can't not have it anymore. So work hard and earn more. Remember the rules. |
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Luckily I don't even have licence, no such problem :(
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any recommendation for 1ltr cars turbo?
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I am currently owning a car and I can still save $8k to $10k a year.
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couple age 50. currently shares a lexus ES (5 year old ride). bought new about $220k. our household income filed last year about $650k. paid in full after year 1.
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Budget
I was oso looking for posts on car budget. I'm 30+. Bought "performance" car.
Approx 5k monthly, normal 40% down payment. Salary about 350+ annual. My money not wife But depre is less than 5k a month la. Married condo. Probably overspending? |
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