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-   -   Can share your your car expenditure a month? (https://forums.salary.sg/income-jobs/12869-can-share-your-your-car-expenditure-month.html)

lawlee 07-07-2020 02:48 PM

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?

Unregistered 07-07-2020 04:02 PM

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.

Unregistered 08-07-2020 09:58 AM

Quote:

Originally Posted by Unregistered (Post 141216)
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.

no one puts it better that you do, sir

Unregistered 06-03-2021 08:04 AM

Quote:

Originally Posted by Unregistered (Post 141216)
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.

LOL 300k buy conti already still buy what Honda

sinkingfeeling 06-03-2021 12:47 PM

Luckily I don't even have licence, no such problem :(

Unregistered 06-03-2021 01:15 PM

any recommendation for 1ltr cars turbo?

Unregistered 06-03-2021 03:32 PM

I am currently owning a car and I can still save $8k to $10k a year.

Unregistered 06-03-2021 05:22 PM

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.

Unregistered 06-03-2021 05:47 PM

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?

Unregistered 07-03-2021 05:04 PM

Quote:

Originally Posted by Unregistered (Post 157933)
I am currently owning a car and I can still save $8k to $10k a year.

thats very low savings


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