My Monthly Expense on my car as a % of my Montly Income

[Ahyoo2002]

Wah, the monthly expense all very high leh

 

Mine:

Installment 600

Petrol min. 300

Road tax 70

Insurance 60

Cash Card Usage 30

Parking 100

 

Total $1160 excl. maintenance

[Ahyoo2002]

installment 900

petrol 500

cashcard 100

taxes insurance 300

 

total 1800..

 

Your Civic will consume even more petrol

[Zniper]

walao for me like 30-40%... sianz leh...

[Friendstar]

wah WRX really "chor"

[Friendstar]

I spend about 5% on my car.

 

5% is very very good!

[Beei]

Installment ~~ S$450

Parking at home and workplace ~~ S$120

Petrol(after raise to RM2.70) - RM200

Insurance ~~ S$120

Road Tax(before July 2008) ~~ S$70

Servicing(based on 30K and 40K divided by 12 months) ~~S$40

 

Lesson learnt: Take as little loan as possible, pump JB petrol, service car outside.. Installment, road tax, parking is dead. Can only save on petrol and servicing.. Insurance is heng suay.. I go through ERP maybe once per month - no issue..

Edited June 27, 2008 by Beei

[Ahyoo2002]

RM 200 for petrol?

[Chrispie]

I think 60-100% is almost not relevant, cos almost nobody will be in this state, or if in this state they fainted alrdy. So the distribution should be in 5% for the 1st few options then 20% from 60-80% & 80-100%. Also net income or gross income? Monthly car expenses u excluded the highest item which is monthly instalments?

 

 

I said everything in leh.. of coz instalment is part of the deal lah.. well, you will be surprised that I know people paying 60% of their income to the upkeeping of their rides. But well, these people may not have much family commitment. If I am making 10k/mth, and i spend 6k on my car.. the remaining 4k is still pretty comfortable, if i am the type that doesnt bother to save at all. Anything is possible.

 

For me is roughly 12%.. now regretting not putting in more downpayment at the start.. :(

Edited June 27, 2008 by Chrispie

[Beei]

+/- RM50 per week.. so one month around RM200

[Keithpapa]

installment 760 (3 years loan, 55% down)

petrol 380

cashcard 50

taxes insurance service 250

car park 105

 

total ~1545.. [/reply]

[Ngnguan]

installment $2144 (1 year loan)

petrol 300

cashcard [- SELDOM USE

taxes insurance service 200

car park 180

[Marquee]

wow! i'm impressed with the income level of fellow forumers. assuming that most drivers spend easily $1.2K per month on their vehicle, we have a lot of 5-figure income earners in this forum.

 

my $1.2K assumption is made up of $500 instalment, $300 petrol, $100 cashcard, $100 season parking $200 for taxes, insurance, servicing etc.

 

Ha ha.... pls do a search on other polls about income, bonus and money matter, you shall see the distribution curve.

[Nighthawkcity]

installment 900

petrol 500

cashcard 100

taxes insurance 300

 

total 1800..

 

Your Civic will consume even more petrol

 

i used this calculation for civic alr.. haha..

kia see..

 

my current petrol cost is abt 300+ installment is raising from 600 to 900

[Curahee]

Go JB to pump 1/4 oil? Unless i illegally go and tampered my fuel needle, if not its basically not worth it for the 1/4 of oil for my case unless i live next to the causeway.

Edited June 27, 2008 by Curahee

[Carfan]

serious.. so you are making 10k at least to 15k.. since a car most prob need abt 1.5k to 2k of expenses monthly..

When the car is fully paid, the monthly expense can likely be less than 1k a month.

Of course, what you said is also a possibility.

[Carfan]

I spend about 5% on my car.

 

Thumbs up for you!

Live well below your means!

[Beei]

If you live too far from causeway >20km, then I guess not really worth it.. But for me, there are other things to do in JB..

[Ldawn88]

From the poll results, seems like most of the MCF forumers are rich people leh... no wonder our gov can safely plant so many erp gantries!

 

Somehow, I believe that the results are not really true reflections? monthly car expense on avg can be ard $1200 (from those who posted in this thread and on a previous long standing thread)... so many forumers are actually earning $10K?! assuming 10% as suggested in the results.