zerobim08 4th Gear August 27, 2016 Share August 27, 2016 Interesting... I always read in reviews that the latest Focus and 308 are refined cars. So why're they on top 10 noisiest? Odd. Check out this site giving a huge list of noise level at various speeds. www.auto-decibel-db.com ↡ Advertisement Link to post Share on other sites More sharing options...
Enye Hypersonic August 27, 2016 Share August 27, 2016 What leverage (price over annual income) would meet your prudence standard? Assuming 180k annual and 220k car, transport cost (including maintenance, fuel, car park, etc) is probably around 20% of monthly income, most people would think it is prudent, especially those without much commitment, ie kids, parental support, housing loans, etc. So it really depends. As we grow older, that ratio will start to come down as income rises, priority changes (spend more on family) and retirement planning kicks in. you missed the whole point when people talk about buying cars in Singapore at a fraction of their annual income.... it's not about their prudence....it's about their annual income 4 Link to post Share on other sites More sharing options...
fungyee77 5th Gear August 28, 2016 Share August 28, 2016 (edited) What leverage (price over annual income) would meet your prudence standard? Assuming 180k annual and 220k car, transport cost (including maintenance, fuel, car park, etc) is probably around 20% of monthly income, most people would think it is prudent, especially those without much commitment, ie kids, parental support, housing loans, etc. So it really depends. As we grow older, that ratio will start to come down as income rises, priority changes (spend more on family) and retirement planning kicks in. Most financial advisors globally would recommend not more than 20% - 50% of your annual income on a car. But obviously Singapore is a unique case, with our crazy prices here. Also our taxes are generally lower than global cities (London, NYC, Paris, Sydney, Tokyo etc) and our running costs (mainly parking) tend to be lower as well. I typically try to adhere to 50 - 60% total depreciation (ie new price minus scrap value less than 50 - 60% of annual income), if possible. I know a lot of folks who are at 100%+ who are doing just fine. Just a capital allocation decision everyone needs to make for themselves. Edited August 28, 2016 by Fungyee77 Link to post Share on other sites More sharing options...
Xanavi 4th Gear August 28, 2016 Share August 28, 2016 As above, which make and model you would buy with the 220k and why? Can be any reasons..V Class.Cause it impress me a lot. Link to post Share on other sites More sharing options...
Spring Moderator August 28, 2016 Share August 28, 2016 (edited) I would go for GLC or 5series though new 5er may come out soon, cheers! Edited August 28, 2016 by Spring 5 Link to post Share on other sites More sharing options...
FourZero Hypersonic August 28, 2016 Share August 28, 2016 I would get a new Audi S3 Link to post Share on other sites More sharing options...
Voodooman Supersonic August 28, 2016 Share August 28, 2016 Most financial advisors globally would recommend not more than 20% - 50% of your annual income on a car. But obviously Singapore is a unique case, with our crazy prices here. Also our taxes are generally lower than global cities (London, NYC, Paris, Sydney, Tokyo etc) and our running costs (mainly parking) tend to be lower as well. I typically try to adhere to 50 - 60% total depreciation (ie new price minus scrap value less than 50 - 60% of annual income), if possible. I know a lot of folks who are at 100%+ who are doing just fine. Just a capital allocation decision everyone needs to make for themselves. COE is a tax. Car prices are distorted here and global standard Is probably not as relevant here. But to spend more than 20% of monthly income on transport is also crazy. 10% would be ideal but it is difficult in Singapore. So actually our tax is closer to 30% than 20% but you can choose not to drive. Lol Link to post Share on other sites More sharing options...
Mazdaseller 2nd Gear August 28, 2016 Author Share August 28, 2016 Very unconventional choice.. any experience with it before? How's the drive like? In SG, will be G plate or private car plate? much space to piak piak... Jack Neo would be proud.. V Class.Cause it impress me a lot. Link to post Share on other sites More sharing options...
Wt_know Supersonic August 28, 2016 Share August 28, 2016 (edited) assuming HDB household ... $12k x 13 months = $156k 20% = $31.2k ... can become uber driver liao 50% = $78k ... a like new used kimchi or sushi would be nice 100% = $156k ... this one can by BMW 2 GT family MPV liao hdb carpark is full with bmw/merc/audi/vw and a growing trend with used porky already Most financial advisors globally would recommend not more than 20% - 50% of your annual income on a car. Edited August 28, 2016 by Wt_know Link to post Share on other sites More sharing options...
Angcheek Hypersonic August 28, 2016 Share August 28, 2016 assuming HDB household ... $12k x 13 months = $156k 20% = $31.2k ... can become uber driver liao 50% = $78k ... a like new used kimchi or sushi would be nice 100% = $156k ... this one can by BMW 2 GT family MPV liao hdb carpark is full with bmw/merc/audi/vw and a growing trend with used porky already Our COE bloated the car price so much , hard to benchmark against ann income . Maybe against yearly dep is a better measurement. 3 Link to post Share on other sites More sharing options...
Wt_know Supersonic August 28, 2016 Share August 28, 2016 (edited) so, what's the benchmark for yearly depreciation against annual income? Our COE bloated the car price so much , hard to benchmark against ann income . Maybe against yearly dep is a better measurement. Edited August 28, 2016 by Wt_know Link to post Share on other sites More sharing options...
Hamburger Hypersonic August 28, 2016 Share August 28, 2016 TS asked for choices with $220k to spend. People recommend cars with half the price and keep the change. That's not answering the question. 1 Link to post Share on other sites More sharing options...
Audi2016 5th Gear August 28, 2016 Share August 28, 2016 TS asked for choices with $220k to spend. People recommend cars with half the price and keep the change. That's not answering the question. While we are at that, let's discuss annual income vs car depreciation / car price. Followed by COE. Next thing to be roped in confirm is Politics. 2 Link to post Share on other sites More sharing options...
Xanavi 4th Gear August 28, 2016 Share August 28, 2016 Very unconventional choice.. any experience with it before? How's the drive like? In SG, will be G plate or private car plate? much space to piak piak... Jack Neo would be proud.. Size wise, no need say. Interior, the seats machiam VIP. Cockpit, maciam sedan. Auto door. Can open only rear window without opening the rear door to retrieve smaller item. Can option to have a table inside. Diesel engine. Not only piak piak, you want 2,3,4,5p also can 1 Link to post Share on other sites More sharing options...
Isc10096 1st Gear August 28, 2016 Share August 28, 2016 am waiting for the new mazda cx-9 signature trim haha think it may be around that price Link to post Share on other sites More sharing options...
Angcheek Hypersonic August 28, 2016 Share August 28, 2016 so, what's the benchmark for yearly depreciation against annual income?Tao kay... i donk know lel haha here evetything is FC one . 3 Link to post Share on other sites More sharing options...
Wt_know Supersonic August 28, 2016 Share August 28, 2016 assuming he use 50% ... i guess $500k per annum Anyway TS have 220k to spare , guess what is his income Link to post Share on other sites More sharing options...
Heman75 Supercharged August 28, 2016 Share August 28, 2016 Talking about income and the type of cars? Let's get back to topic. 220k in Singapore for a car is pretty much an expensive assets to own. But assuming that 220k is the amount a person is willing to spend, then who are we to judge? Correct . As long as they happy can liao . Is their money not yours ↡ Advertisement 2 Link to post Share on other sites More sharing options...
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