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Car price is what % of your annual household income?


Steptronic
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What % your car is?  

132 members have voted

  1. 1. Pre "SK" series

    • Less than 25% cars
      51
    • 25%
      23
    • 50%
      27
    • 75%
      12
    • 100%
      7
    • 125%
      4
    • More than 125%
      8
  2. 2. SK Series cars

    • Less than 25%
      33
    • 25%
      18
    • 50%
      16
    • 75%
      20
    • 100%
      18
    • 125%
      10
    • More than 125%
      17


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to me, when i buy the car, i know i can afford when i can total the car and buy another same exact model with full cash.

 

pls note: both also use full cash.

 

i am not tps.

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Car nearly always cost more than house in Singapore.

 

It does? I dont think my cars cost anywhere near my house leh. Wouldnt that be er.. not prudent?

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It does? I dont think my cars cost anywhere near my house leh. Wouldnt that be er.. not prudent?

 

How much you bought your house for? How much is it worth now?

 

How much does your house cost you per year compared to your car?

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Twincharged

 

How much you bought your house for? How much is it worth now?

 

How much does your house cost you per year compared to your car?

 

My car cheaper than house leh and mine is only HDB. Even if I count the depreciation per year, my car is still cheaper than my house by more than 3x.

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How much you bought your house for? How much is it worth now?

 

How much does your house cost you per year compared to your car?

 

Igloos are cheap la...

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Twincharged

but without car, how she do sales? she's in quite a LPPL position.

 

Why no car cannot do sales? I also use public transport to do sales. No problem travelling around without a car in Sg.

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to me, when i buy the car, i know i can afford when i can total the car and buy another same exact model with full cash.

 

pls note: both also use full cash.

 

i am not tps.

Good for you.

Well done.

 

I sibei kiasi, i need to be able to full cash settle at least 5x (without any impact to lifestyle) or i wont buy.

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How about those whose cars cost more than their houses?

 

wa lao...u jialat sia...

 

then ppl will come in say those ppl are the smartest! they stay hdb but they got 12049712049172934 properties outside to rent for passive income....

 

frankly speaking....BS

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Good for you.

Well done.

 

I sibei kiasi, i need to be able to full cash settle at least 5x (without any impact to lifestyle) or i wont buy.

What is the rationale for 5x? Wouldn't 8x be better?

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Neutral Newbie

No I drive more than that. Not that I earn alot but mine is second hand and its pre SK Jap make. So cheaper then are lower than at present. And there are many such options out there in the 2nd hand market.

 

If I buy a house, it doesnt depreciates much even if it does depreciates, so its worth the 50% household income because its an investment.

 

I think Singapore average household income is about 10K per month. Even at a car price now of about SGD150k per car, monthly instalment over 10 years assuming zero downpayment should be only about SGD1300 per month, thats only 13% of income.

 

No offence but those who pay 50% of income for their rides in the singapore COE system either has money dropping down or no committment - kids.

 

Even at 13% income on car, thats a lost of 140K over 10 years when COE expires. You know can buy what with 140K? definitely not a car.

Wow. Since you put it that way. I'm with you man!

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What is the rationale for 5x? Wouldn't 8x be better?

Kiasi rationale lor, hhhmmmmm, 8x also can but no need so kua chang mah....

Edited by Throttle2
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wa lao...u jialat sia...

 

then ppl will come in say those ppl are the smartest! they stay hdb but they got 12049712049172934 properties outside to rent for passive income....

 

frankly speaking....BS

 

lol. i dunno bulls**t or not lah. but i have ever seen a HDB owner drive lambo.

 

probbaly a 2nd hand one though... but still...

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wa lao...u jialat sia...

 

then ppl will come in say those ppl are the smartest! they stay hdb but they got 12049712049172934 properties outside to rent for passive income....

 

frankly speaking....BS

 

i do know of 1 person which has almost 10 properties , all fully paid up but still stay in hdb

 

so not really bs but i believe these people are few and far between

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