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Topic Review (Newest First)
18-02-2021 10:49 PM
surfius
Quote:
Originally Posted by gerasimus View Post
There are different opinions when it comes to that. I don't know if you want to get a new car or a used one, but cars can range from 1000 dollars to 100000 dollars or more. It's up to you to decide which is a priority for you. I had the opportunity to buy a new car and I have decided to do it. A friend of mine has told me about https://www.stanmcnabbchevy.com/new-vehicles/ and I have started to look for cars there. After all, a car it's not an investment, but it's something that you need, especially if you are travelling from one city to another. Always lookout for the perfect option
I wish someone else could send me his opinion
12-02-2021 12:01 AM
gerasimus There are different opinions when it comes to that. I don't know if you want to get a new car or a used one, but cars can range from 1000 dollars to 100000 dollars or more. It's up to you to decide which is a priority for you. I had the opportunity to buy a new car and I have decided to do it. A friend of mine has told me about https://www.stanmcnabbchevy.com/new-vehicles/ and I have started to look for cars there. After all, a car it's not an investment, but it's something that you need, especially if you are travelling from one city to another. Always lookout for the perfect option
04-12-2020 03:37 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I have heard of VW being terrible. Is that personal experience?
No, I went as far as to test drive a VW group product only (Skoda, cos I have low budget). But I spent many hours researching both local and overseas sources for reasons and frequency of their parts failures. In the end really didn't dare to buy it as chances are, there would be failures and it would not be financially prudent. Bought a similar priced jap car instead and still enjoying a peace of mind today.
04-12-2020 03:13 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Depends on how much money you have in your account. For you, your high mileage will devalue the car to zero even before 10 years COE is up. It will also wear out your car's engine and transmission.

Best go for a low end Toyota or Honda which tend to be more durable. These 2 brands are not the cheapest though. Never buy something like a VW or anything in their group (e.g. Skoda, Seat, or Audi) even if certain models are the same price as the Toyota because they breakdown super easily. High mileage + low income better not burn yourself with a VW group car.
I have heard of VW being terrible. Is that personal experience?
04-12-2020 03:11 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
We were lucky... Profit about $160k. Not having a banquet helped too. I know it's above average...splurged on a "cheap" but first hand car. Now I wonder if I can ever afford another after the COE expires 7 or 8 years later.

Life is tough when you earn $4k a month.
The cheapest now is around 70k~

Does your partner not working? Many websites suggest an annual household income of at-least 80k and above before considering to buy a car.

If you are servicing high mortgage or have more than 1 kid, you will have to earn more than that.
04-12-2020 11:15 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Just curious, how much does it take to maintain a 500k+ luxury sedan? Usually the person have to earn how much sia

Also should i get a car if i stay in the west and have to travel to the east with a mere monthly take home income of 4k
Depends on how much money you have in your account. For you, your high mileage will devalue the car to zero even before 10 years COE is up. It will also wear out your car's engine and transmission.

Best go for a low end Toyota or Honda which tend to be more durable. These 2 brands are not the cheapest though. Never buy something like a VW or anything in their group (e.g. Skoda, Seat, or Audi) even if certain models are the same price as the Toyota because they breakdown super easily. High mileage + low income better not burn yourself with a VW group car.
04-12-2020 11:10 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Wah seh, your wedding profit got so much? I thought normally if have profit also can only earn 10k~.

Maintaining the monthly servicing can easily cost $1000~ a month, I think with 4K pay very hard. Unless your partner also chip in for it.
We were lucky... Profit about $160k. Not having a banquet helped too. I know it's above average...splurged on a "cheap" but first hand car. Now I wonder if I can ever afford another after the COE expires 7 or 8 years later.

Life is tough when you earn $4k a month.
04-12-2020 11:06 AM
Unregistered Just curious, how much does it take to maintain a 500k+ luxury sedan? Usually the person have to earn how much sia

Also should i get a car if i stay in the west and have to travel to the east with a mere monthly take home income of 4k
04-12-2020 10:49 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I used a wedding windfall to buy in cash and I pay for running expenses only. Even then still quite shiong.
Wah seh, your wedding profit got so much? I thought normally if have profit also can only earn 10k~.

Maintaining the monthly servicing can easily cost $1000~ a month, I think with 4K pay very hard. Unless your partner also chip in for it.
04-12-2020 10:32 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
You buy car with 4k pay (take home 3.2k?) then how you pay for mortgage, expenses & saving?
I used a wedding windfall to buy in cash and I pay for running expenses only. Even then still quite shiong.
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