COE car,
S$236.25per month, 10 year loan.
2nd hand car in its first 10 years more ex.
Fuel
depending on your home location, but since you said transport is
ex, so must be far. Plus have to send your friend home first before
you go home. Fun and games during weekends. I say 500km at least,
to maybe 650km per week. Old car FC a little bad, since it is
Honda, I give it 14km/L. S$54-S$70 per week. So it is S$234 -
S$300per month.
Maintence, old car must be heavy. Maybe S$150per month.
Parking, S$65 + S$20(Mis) = S$85 per month or S$110 for
multi-storey.
Insurance, young man, easily S$2.5k or more yearly. S$210per
month.
Plus plus a little, and must not have any fines what so ever, I
guess you will be looking at S$333 per person per month.
Looking at at my old days, I usually spend S$150-S$200 on public
transport per month. I stay Tampines and study NUS. So I think you
guys have to cut S$133 out from your monthly expenses on fun and
games to feed the car. All 3 of you. Go out more, fuel go up,
parking go up.
Little boy, learn how to make money first before wasting them. Got
time, put your minds in the books so that you can get a decent job
in the future. Then even BMW is easy buy.
Anyway, COE car, honda - swift about the same price. But honda more
reliable. FC better.
