[Poll] Drive car for 20 years retire @ age 65 or take bus & retire @ 50 in sg?

[iPod Jack]

Assuming u median income, which represents most sinkies

Do u:

1)Spend an avg of $400k to buy and drive car in sg for 20 years($200k for new car+ 10 years of running cost) x 2)

2) save the expected cost of $400k and retire slightly early at age 50++?

note: the $400k is on top of any savings, investments and assets u may have, e.g if u oredi have liquid net worth of $500k, the saved $400k will add to that

 

[jiakliaobee charsiew]

Leetire and die early bah

 

[cplbao]

I too poor to own a car, but for someone that drive and eat wind for 20 odd years, is it so easy for them to quit driving?

 

[iPod Jack]

I know, some elite will say,why not both?

but the poll is more for everyday salaryman ... whose choice is either this or that given limited resources

 

[Hyruga]

Stupid question. It's not even close. Who wants to work an additional 15 years just to drive.

Must give chance like working a few more years etc

 

[iPod Jack]

I too poor to own a car, but for someone that drive and eat wind for 20 odd years, is it so easy for them to quit driving?

Nothing wrong with continue driving

but must know the consequence loh

 

[RinoaX]

If your question is about what ‘most’ sinkies do, then they are going to squander all their stuff away on 120k Reno, 1.4mio HDB and 300k conti and end up work slave.

 

[iPod Jack]

Stupid question. It's not even close. Who wants to work an additional 15 years just to drive.

Must give chance like working a few more years etc

Dun think u understand my que

Go thru it again...

 

[ecAnonymous]

i need a car for my mental well-being

 

[Mephist0pheLes]

take bus (with occasional grab) and retire early.

i can stand riding public transport, but i cant stand working for 15 more years.

 

[iPod Jack]

If your question is about what ‘most’ sinkies do, then they are going to squander all their stuff away on 120k Reno, 1.4mio HDB and 300k conti and end up work slave.

Could be.

but hope that it is not 'most' but 'some'...

knew of some who is money smart and prudent

 

[kensk76]

if the 400k can make 10years of your life better...why not?

 

[W1n7f1r3]

Take pmd solve cost n time constraints since authorities r nt coming down hard on them

 

[dushensiao]

buy cheaper car la, vios good enough

 

[iPod Jack]

if the 400k can make 10years of your life better...why not?

20 years, actually

yeah, why not?

 

[iPod Jack]

buy cheaper car la, vios good enough

My calculation oredi based on entry level new car, driving for 20 years including running cost

i.e 2 new cars 10 years apart, and 2 COEs - $400k

 

[davidtkl76]

Why cant you go around the system and do PHV part time and solve both problems?

 

[iPod Jack]

Why cant you go around the system and do PHV part time and solve both problems?

if u r willing to go that very extra miles to do that, why not?

not saying u r wrong

 

[BigMonkey]

when retire at 50, can drive car for 15 years?

 

[Kum Jit Pow]

Even if you dont buy car, you will not see the 400k.

Its the same as those who smoke away a lambo in 10years. You dont smoke also dont have lambo in 15yrs.