Can you afford a car?

[ungtiong]

Same like food... If u enjoy driving, then get a car... If not Grab or taxi. If u buy car, then worry about expensive petrol, expensive maintenance, expensive tyres...and cheap out on all these necessities.. Then just do Grab.

 

[yi_ah41]

Owning a car is a mid term commitment. It’s always better not to over stretch finances. Grab and public transport is always a better option as we WFH most of the time these days.
True cost of owning a car

 

[myviowner]

Owning a car is a mid term commitment. It’s always better not to over stretch finances. Grab and public transport is always a better option as we WFH most of the time these days.
True cost of owning a car

For keen pax wanting to own their first car at this pandemic situation, your statement said it all.

 

[Spirax]

Actually everyone born nothing, go back also nothing, it is the driving experience that count.
Can try rental or carsharing to get the driving freedom occasionally.

Or family trip once a while

 

[kusuisland]

Was looking at buying a brand new car , preferably a SUV for ferrying my parents and kid , SUV easier for elderly to get in , so i heard . Cannot stomach the DP Sia .. most car need at least 40K to 50K down payment . Sinkies so Rich sia.

My first car is a second hand Civic.. My Annual income is about 110K , but i think i cannot afford that DP without wiping my savings out. So most ppl who buy new car that rich? Does AD allow lower DP?

 

[PsyClick]

Was looking at buying a brand new car , preferably a SUV for ferrying my parents and kid , SUV easier for elderly to get in , so i heard . Cannot stomach the DP Sia .. most car need at least 40K to 50K down payment . Sinkies so Rich sia.

My first car is a second hand Civic.. My Annual income is about 110K , but i think i cannot afford that DP without wiping my savings out. So most ppl who buy new car that rich? Does AD allow lower DP?

Your income is good. But you have kid wife mortgage and living expense to think of too. Maybe even parent's allowance.

The loan package that requires 40% DP are regulated. Some dealers offer alternative loans with no or lesser DP, but the interest will kill you in the longer run. Hell, even the current packages the effective loan interest is already 3-4%.

If you need to touch your emergency savings for the DP, I dont think you should consider a brand new SUV. or psycho your wife to chip in haha

 

[kusuisland]

Your income is good. But you have kid wife mortgage and living expense to think of too. Maybe even parent's allowance.

The loan package that requires 40% DP are regulated. Some dealers offer alternative loans with no or lesser DP, but the interest will kill you in the longer run. Hell, even the current packages the effective loan interest is already 3-4%.

If you need to touch your emergency savings for the DP, I dont think you should consider a brand new SUV. or psycho your wife to chip in haha

Haha thanks ,, my wife wont chip in as she is not earning a lot. I guess you are right,. I prob can’t afford it ………..

 

[myviowner]

Was looking at buying a brand new car , preferably a SUV for ferrying my parents and kid , SUV easier for elderly to get in , so i heard . Cannot stomach the DP Sia .. most car need at least 40K to 50K down payment . Sinkies so Rich sia.

My first car is a second hand Civic.. My Annual income is about 110K , but i think i cannot afford that DP without wiping my savings out. So most ppl who buy new car that rich? Does AD allow lower DP?

If you taking loans, means not ready to own a car. Save it up both and pay full cash on next new/pre-own ride.
Lower DP is possible with some AD only even zero dp. The interest is super high!

 

[Rainforestkk]

i just want to get rid of my car. that's all

 

[kusuisland]

If you taking loans, means not ready to own a car. Save it up both and pay full cash on next new/pre-own ride.
Lower DP is possible with some AD only even zero dp. The interest is super high!

Pay cash , 100K one shot damn fierce ,, i know i am never willing to do that even if i can , maybe buy preowned or wait strike Toto …

 

[myviowner]

Pay cash , 100K one shot damn fierce ,, i know i am never willing to do that even if i can , maybe buy preowned or wait strike Toto …

Yeah, start with something easy to your budget.

 

[rashcrash]

actually now cars running promo , saw Opel grandland selling at 105K..Kia cerato at 87k etc etc

 

[warr]

it's a transportation tool only. If u need it, then consider it. Otherwise it doesn't serve any purpose. Won't sit in any car as driver or passenger, no matter how luxury, if not for going from one place to another. My shabby living room is always a better place.

Most people in Australia don't spend 50k on a luxury one, but here a high percentage either spend or take on debt to spend 200-250k on one. haha.
Thanks for contribution to nation building.

 

[PsyClick]

i just want to get rid of my car. that's all

whats stopping you to sell? as long as good condition and low price sure got takers

 

[mccmmm]

Your unconscious mind unable to sustain our mother earth footprints.

 

[eversomighty]

Haha thanks ,, my wife wont chip in as she is not earning a lot. I guess you are right,. I prob can’t afford it ………..

bro, your earnings are alright, I'm a car dealer myself, I have seen people with monthly income of 1.5k(before cpf) asking me can buy or not? buy motorbike also difficult lor. remember pre-owned cars doesn't always mean cheaper and more affordable.

 

[myviowner]

i just want to get rid of my car. that's all

There is one self acknowledge car dealer here in this thread. Contact him.

 

[EJB]

There is one self acknowledge car dealer here in this thread. Contact him.

If really want to sell no need come online say, would have just done it.

 

[dilphinus]

bro, your earnings are alright, I'm a car dealer myself, I have seen people with monthly income of 1.5k(before cpf) asking me can buy or not? buy motorbike also difficult lor. remember pre-owned cars doesn't always mean cheaper and more affordable.

Have you seen people with no income but able to pay for a brand new car in full?

Does dealer prefer those who take a loan or those who can pay in full?

 

[eversomighty]

There is one self acknowledge car dealer here in this thread. Contact him.

if u talking about me, dont contact me.. I don't deal with anyone here, ok? I'm here to bitch and share, not sell or buy cars.