If u think standard is to use only 10-15% of pay, then a lot of
ppl in Sg should not own car liao.
A car like Fit cost abt 70K, mth should be around 600-700 per mth.
If that is the case, then they should earn 6-7 k right. But if u
earn 6-7k, will u like to drive a small car??
I think it should be based on the income level. If you earn 20k
plus a mth, u sho be comfortable paying up to 4k mth for your car.
But if u are earing only 2k a mth, even if the mth is only $400, if
will be also quite tough.
just me 2 cents worth!!!!
Cheers!!!
