Hullo friend, I am just stating some facts there. Meant to
discourage you actually, since you say you just passed means that
your car insurance definitely >$2000 just for one year. For your
info, I passed more than 10 years liao, but only started driving 2
years ago (having my own car), insurance also about $1.1K. You do
your maths ok?
Other costs: (for my case Picanto)
Downpayment $10k
Instalment: $400 per month
Insurance: $1.1K
Road Tax: $500 - $600+ per year
Season Parking: $60+ per month
Petrol: $300+
Servicing: Depends (1K, 5K, and 10K all definitely needs $$$), and
let's not 4get about accidents, etc...
Miscellaneous: Car wash ($6), Grooming accessories ($$$),
etc.....
Also for your info, with your current expectations, maybe you can
try a COE car (>10 years old car). BUT the servicing will kill
you. Plus, all the replacement parts is going to cost a bomb too!
(Sometimes as much as $300-$400 for faulty parts such as air con
compressor spoil, alternator spoil, etc) Speaking from experience,
as my first car is a COE car. Sometimes, you may be better off
buying a new car, really!
Currently, earning $4k +, so I can say that it is still well within
my ability to afford. But try not to be a slave to the car. All of
us here geniunely hope that you know what is the sensible solution.
What for you buy a car now, and end up no money for your own
insurance(very very important!), no money to save for your wedding
(who wants to marry a poor man?
), and no money to live in a HDB (unless your parents
going to support you even after your marriage). You see my
point?
