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30-04-2016, 08:49 PM
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Banned
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Join Date: Jun 2012
Posts: 270
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How much salary is needed for a single guy to comfotably own a car in Spore?
Take home salary of $3000 possible?
Assuming that the guy is single and still stay with parents and no other loans to pay off.
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30-04-2016, 09:17 PM
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$3000 may be enough to finance a car but with parking fees, ERP, insurance, maintenance and etc, there is not going to be any 'comfort.
I bought a car when I was in the exact circumstances you described. I sold the car after 1 year and embraced public transport. Now I earn more and still I don't think I can comfortably own a car. Not if i want to be able to dine out or travel once in a while.
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01-05-2016, 12:42 AM
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Then you will be left with no savings.
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01-05-2016, 07:42 AM
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i guess it also depends on how much you can spare out of the $3000 you earn monthly.
And also what you could be giving up, i.e. the opportunity costs. It's different for each person.
Say $1000 is required each month to own and operate a car. What could you had done with the same $1000? Would that be more shiok vs the car? It's your choice
Personally, I bought my first car (2nd hand Korean car , costs me $48k) when I was your age. I was earning about $4k pm that time. The car total cost of ownership was around $900pm.
Without the car I would had simply saved the $600 (since I spent $300 on public transport/taxis) each month as I don't spend on other things normally. But I love cars since I was young.
So I decided to take the plunge and see what value I get from car ownership. no regrets ever since its my money and I felt I had done my math and made a decision that I know I will be responsible for. (I.e. I am not going to borrow money or need parent or someone to bail me out if things go terribly wrong financially). I was still able to save up for marriage as my income grew each year (I was fortunate). But I told myself I must give up the car the moment things are not going well as the car is the single most expensive item and it's a want, not a need for me living in SG.
Bottom line is don't be a slave to the car. If you are giving up basic things like food, medicine , family commitments just to have car, then it's likely no longer affordable to you and it's better to hold off and focus on growing your income first
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01-05-2016, 08:31 AM
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none, because the word "comfotably" does not exist in the english dictionary LOL.
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01-05-2016, 10:05 AM
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in before TS fk posters' mother.
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01-05-2016, 10:54 AM
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Quote:
Originally Posted by Unregistered
in before TS fk posters' mother.
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What is TS ?
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01-05-2016, 11:42 AM
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TS = thread / topic starter
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