How much do u or will u earn a mth when u need to support ur own car

[hencpu]

car owners, how much do u earn now?

or how much do u think is comfortable for u to get a car? :D

[HellHunter]

Wah so non car owner cannot say har :sad4: :sad2:
Though i'll still say! HA! XD :laugh3: IMO depending on other expenses such as house, bills etc. Should be at least 2600-3000..a decent car takes up about 800-1000 a month..leaving you with about 1600 for other stuff..i wun put in a vote though since kids without cars cant vote :sad6: :(

[cccp]

i believe 2600-3000 shd be sufficient for a small sedan car not > 52K and most important of all, u must not have any liability on u like houses, kids, wife etc. If u have the liabilities then i suggest > 3.5K

[tckrto]

aiya i tot its gross pay. anyway cars like kia picanto 30over k downpayment give 5k each month installment give 300++ plus petrol 400++, quite all right if earn between 2k-2.5k. But hey still got part time job can earn money oso :D

[ericoo]

petrol 400++

This is high...it like your car running abt 160km per day

[tckrto]

This is high...it like your car running abt 160km per day

i did all my calculation base on the highest consumption :D and will always set aside the calculated amount including monthly saving for car insurance and carpark+ERP+road tax. Like dat when insurance and road tax come wont feel the pinch hehe. Its always good to have a safe financial planning rather den panic at the last minute when insurance+road tax all come in the same time.

[ericoo]

i did all my calculation base on the highest consumption :D and will always set aside the calculated amount including monthly saving for car insurance and carpark+ERP+road tax. Like dat when insurance and road tax come wont feel the pinch hehe. Its always good to have a safe financial planning rather den panic at the last minute when insurance+road tax all come in the same time.
got what u mean. Hokkien said - Count more better then count less

[tckrto]

got what u mean. Hokkien said - Count more better then count less

Tio liao lah :D

[weixiang]

got what u mean. Hokkien said - Count more better then count less
hahahaha..was abt to say this to0....

[SanMao]

.....two kids spend me about 1k per month excluding diaper, milk etc....think i cannot afford a car...:rolleyes:

[ericoo]

Tio liao lah :D
How much do u spend on your petrol per month?

[tckrto]

How much do u spend on your petrol per month?

I only planning only leh haha dats why i est 400 like dat. After march den can tell u actual cost of petrol :D

[hencpu]

i'm only comfortable to buy car if me & spouse combine income more than $10K liao...:hat1:...which means i'm gonna wait forever...:hat1:

[Gollum]

will buy when theres a mini gollum coming :D


before that nope

[ericoo]

I only planning only leh haha dats why i est 400 like dat. After march den can tell u actual cost of petrol :D
I doubt yr petrol bill ill cross S$250 per month

[derekliu]

i tink my bro earns <$2000 per month, and he is driving an Hyundai Getz, and hes not married yet

i also dunno whether he is struggling anot

[coconutty]

I think most cars would require around $1000 per mth, so just subtract from there. As other posters have said, it depends on what are your other expenditures, like housing loan, family(children, wife, parents), savings, etc...

But please do consider your finances properly before you decide to buy a car, cause it is a big ticket item that may prove a big drag(since the car would only lose $$ for you, unlike say housing which may appreciate) to your finances if you miscalculate and do not give enough room for your finances. (like unforseen shocks to your job/medical care for loved ones).

[Dihudaxia]

As a general rule of thumb, my car costs (installments, petrol, tax, insurance and others) must NOT exceed 28% of my nett income per month.

In fact, 28-ish% is already generous given that i am not married or have elderly parents to look after.

So that figure will decrease as time goes by...

But to me, that is a comfortable ballpark sum to set aside for a car...