How to afford a car in sg?

last SG · 2005-05-13T19:24:49+00:00

can rent a car for few months if you really like cars so that you wont not be in debt for 3 to 10 years. Yes, car rental will be more expensive per month as...

wbucket SG

I guess it is like what was posted above, “how much do you want that car?”. For me, now my parents are still able and working. Not girlfriend, not family. It is now or never for me to own a car. Wait til I am older, and lady love smile on me, then it is either family or the car for me.

nick28 SG

hi, may i know what car are u driving? the friend i know is driving a vios and he is paying $900 even though its an OPC.. $900 is like 27% of his take home pay.

rumie SG

my take-home is about 2.4k... car is coming in june/july and will take up around $800-$850 per month.

which is abt a third of my take-home, and i find it very shiong already.

no commitment yet of any sort (family, gf), just started out working for nearly 1.5 years.

no savings, but that's bcos that's my lifestyle for now.

and i find that, it's easy to own a car, but upkeeping it is the major challenge. it's abt how secure your job is for the next 3-5 years and whether you can continue to feed the car or not till then.

if you think you can, i say, go ahead.

i consider myself still immature in thinking cos i want a car when i'm still young (26 this year), and not when i'm old (e.g., 55yrs old).

B_ored SG

$850 includes road tax, pertrol , and car park? wah, u are daring.. thats like 36% of your nett pay..

zichuan SG

Get a 2nd hand OPC car monthly $300-500 still ok by me. Laughing If im single now, cool Cool I can own a car anytime, but family plays important part.

Hard to manage my financial if i do a review on it : 2k per mth minus cpf

1k - Savings/Per yr = 10k(Target 2yr to save 20k for my simple marriage) If can still manage to save after 2yrs, continue this routine.

1k - Question This part plays a important part to spilt my financial spendings Crying or Very sad Imagine to own a car, cut down to half Confused

My finacee part, i dont think she enough for her usage too, simple job monthly 1k = her monthly expensive, somemore not enough use, imagine my side 1k need to combine with her life.

wbucket SG

I drive a kelisa. Cheap cheap still about 800 per month. Taking home 2.3k.

S$900? meaning including everything? The number of years of loan also play a part. For me it is 5 years. Some of my other counterparts who drove OPC kelisa only need to come up with 500 odd.

I admire your courage. I worked for 2 years before I get a car. Saved up enough to down more than half of my car. But decided to keep ten odd thousand for "just in case" situations.

Now still bleeding my savings away because of some car mods and sport.

Pixity83 SG

Hey u call that young??? i'm 22 this yr and i take home around 2k plus a
mth i work... just started work like 1 yr ago plus . Now seriously wana buy
a car which i think i should.. cos when u get older like when ur 25 or 26 ...
u start thinking of marraige and save up on it... how to enjoy cars... ok ok...
maybe my thinkin alittle childish.. but its just the love for the car u know wad i mean??? I mean like if u dun enjoy now... wtf.. when are u gona enjoy ?? Its like even if just owning a car for a few years den sell off.. i mean its the feeling tat u have.. the love for cars.. u know?? Its tat kind of once in a lifetime feelin esp at my age.... its now or never.. if u ask me....26 years old is a hell of a old age for me... i'll probably be counting every little penny for marriage..

wbucket SG

I am 28 and I still think I am young. Very Happy Anyway, I guess you already have a girlfriend? For me, single for 28 year already. Instead of saving for marriage, might as well use it for some fun.

Anyway, salary 2k plus. Advice is to down enough to still breath normally. Young chap like you to be tie down by a car isn't really good. There are still a lot of other thing you can do. Tour, diving, skiing......

22 year old, I am still running about my campus!!! Broke Mr. Green

LH83 SG

I'm 22 this year and I have no income... which is worse? Mr. Green

tomhunk SG

to all the brothers out there..

originally i wanted to get a car also to travel to & fro work.As i travel a lot and have to rush from place to place , getting a humble model car seems feasible. However got to abolish thought cos getting married.after calculation my fiancee and I practically find it hard to maintain a car ,i take back 3600 monthly after cpf, however i guess will stay a few more yrears before getting one.

in dubai ..25200 will get u a toyota, in US US 6000 will get u a 2nd hand MPV, in sinkapore......arhhhhhhhhhhhhh !

ANG-MOH-LOCO SG

Same around the wold mate ( exept USA & OZ) , Having a motor is getting rather costly. I dunno what the price of gasoline is here in SG . In the UK it's now over $3/litre (sg)
and then there's the taxes and mainainance costs !
I would rether get a good mountain bike or perhaps a fast scooter (Ital-jet/pugeot) for wizzing around this little island . Confused

PatrickLTH SG

Not encouraged to get a scooter to wiz around in Sing just by looking at the statistic of fatality on the road. Better to take public transport or worst case, a taxi if you cannot afford a car.

zichuan SG

26 old Question Mr. Green Still young lah. man at 30 is just a start. Once u at 22 you get a car, later part of your life you will feel "Eh if i can save that part im paying every month for my car, that would be great" Laughing

For me i would choose marriage first then enjoying having car..

jod SG

Hi,
I'm new here. Just to share my views on having cars in sg. I've been owning cars for more than 10 years now and have changed cars 5 times. Not because of luxury or status but I have to use it for work. I travel a lot everyday to do my work as a serviceman.
What everybody said is true. If your paypacket doesn't hit 4k per month try not to buy car. Public Transport is much better.
Im earning just above 2.4k and it's totally not enough even for my monthly expenditures. Thanks to my wife for supporting me all these years.
Think about this:

monthly inst : > $700
petrol : $350 ($65 / 400km) incl. weekend.
parking : $90 (multistorey)
parking coupons : # about $30 plus cash card parking.
( a must every month).

servicing every 10,000km ( synthetic), or 5,000km (normal oil): $95 : $65++
and per year Road tax about $1k
Insurance ( as in my case 50% NCD ) about 1k.

What about breakdown?

my 2nd hand 1 1/2 yrs old car brokedown just after guaranteed period of 3 yrs. I have to fork out about 1k for repair. (engine wobble, radiator leak)
what about consummables?
change tyres
change brake pad
auto transmission oil
change belting
service air-con ( not hot enough)
etc.

Other than that fines like parking and speeding also have to take into consideration since I 'm always on the road even though it does not always happen.

I have 3 kids, 1st in poly, 2nd in sec 4, 3rd in pri 4.
so, How do I survive?

I dont smoke
I dont drink
I dont buy 4-D
I dont eat lunch, but bring some sandwich homemade just to stop my worms from grumbling. no bfast.plain water brought from hm.
weekend, less travelling. ( at least save petrol)

Its a nightmare to own a car in sg. I am trying to get rid of the car end of the year when the price permits and carry on with my job like old days riding an old bike just to keep budget low since I really dont need it anymore when my kids are all grown up and independant.

I spent alot of money on the cars and cant even save a dollar.
Its a burden to me now for having a car .
So, think twice b4 buying a car.
Is it necessary????????? unless you have lots of savings in the bank after selling your house. Smile Smile Smile

(Hyundai 1.6, Auto).

seancannot SG

I know of pple driving getz , vios , lancer but making less than 2 K per month the loan is structure such a way its so easy to own a car … my fren who take hoem less than 2 K pe rmonth is comtemplating getting a lancer 10 yrs loan 500 ++ per month.. you can figure that it quite tempting rite

LH83 SG

That's only the loan... still have to factor in the extra costs... maybe another $500... your fren taking home less than 2k... that leaves him with under $1k for daily use... if he's single and has no other commitments, it should be ok, but if he's married, or has to pay for other things, I'd suggest he reconsider... after everything, he'll have very little for savings...

boi86 SG

at age 30
buy wrx sti / integra type R.
ques : how much to earn ?those pple driving this car how much u need to earn ? need to moonlighting to support this type of car ?

at age 38
buy cefiro/ camry
ques: how much to earn ? possibility of owning this car ?

at early 40s, like 43 or 44
buy volvo s60 t5.
ques; how much i need to earn n possibility ?

late 40s, abt 48-49
buy lexus es300/ bmw 5 series 523i
ques: how much i need to earn , n possibility.

mid 50s, abt 55/56
buy affordable camry or cefiro, cos retiring soon. need to plan 4 retirement.
ques : possibility n affordability ??

my goals : marry at mid 30s, say 34/35
have kids at mid 30s, say 36-38
may stay at hdb 5 room 1st, then upgrade to freehold condo in late 30s or early 40s.

Pls take my goals into consideration b4 offering some advice...

thnks in advance...

boi86 SG

condo not necessary in my goals.

unless n if i got spare cash. or not, i do fine wif a normal 5 room flat will do.

Troy437 SG

have read thru I feel that I have wasted a lot of money owning a car.

Take home $2.2K and exactly 50% goes to all the car expenses.
($719 instalment + $300 petrol + $90 hdb parking= $1109)

If take public transport, I think I will have about $750 to spent song song liao...

But I think of the moment I can go out anytime of the night, the glamour of my SUV and the convenience...the heart controls the mind. Somemore I often work in hours where no MRT and buses are available. I hate cabbies. so...liddat lor...

wbucket SG

I second to this piece!

If die, die get a car, why not consider cheaper atlernatives. Vios is reliable compared to Lancer and the Petrol you save would be about S$20-S$50 per month. Road tax about S$5-S$7 more. Or cheaper cars like Aveo, Accent, Rio will give you a lighter load, of about S$120 per month. Or best, Picanto for only S$400 per month.

I am always glad I got Kelisa. Cause now that I have a car, my activities increases and need that little bit more to spend. Key point here is you will spend more than just those spend on cars. And how long did you spend in your car per day in the end? Think about it!

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