I think it's relative isn't it? Having a car here really depends
on whether you can afford it. If you're earning $250k p.a, I don't
see why you need to worry about the cost. There are definitely pros
and cons when it comes to this. Cons of Car = COE, road tax,
petrol, parking, maintainance, fines etc. Pros of Car = asset (but
depreciating asset), convenience, comfort, freedom, look good? But
if you can't really afford the high cost of buying a car in the
first place but still want one, then do what my friend did. He got
a finance loan from one of the banks...DBS or OCBC
I think. And he went ahead and got himself a car..now I think he
eats bread and drink water everyday.