Manager $6000/mth, reasonable?

[Tleslie]

earning 7k can owe 1 of these cars??

[Pokyman]

earning 7k can owe 1 of these cars??

 

Forum lah .. lots of BS ... .... as long as you can save 20% of your disposable income and can tahan ur expenses for the next 6-12mths .... u buy a blardy boat/ship also can la

[Wt_know]

owe definitely ... can owe lambo / ferrari too

own ... very hard

 

earning 7k can owe 1 of these cars??

 

[Throttle2]

Very common, just finished my meetings at hq, damn shack but in the room many five series, 3 series, m3, cayman, z4, merc and I estimate they earn between 7k to 12k

 

Oh your cmpany made up of ah sia kias?

[Greatbirdlegend]

Very common, just finished my meetings at hq, damn shack but in the room many five series, 3 series, m3, cayman, z4, merc and I estimate they earn between 7k to 12k

 

maybe you very bad at estimating how much they earn?

[Porker]

You whole day long talk about salary, cars people drive and girls to a lesser extent not sian meh?

 

Singapore median salary is less than 5k so you're one up compared to the masses already. Probably 80 percentile. Be happy lah

[Sabbie]

You whole day long talk about salary, cars people drive and girls to a lesser extent not sian meh?

 

Singapore median salary is less than 5k so you're one up compared to the masses already. Probably 80 percentile. Be happy lah

Aiya I am happy with my pathetic pay la, this thread not started by me, since they discussing about it then I just share with them real life examples but not up to me to judge, actually I prefer to talk about philosophy and love more but sun seem to be popular topics lol

[Sabbie]

maybe you very bad at estimating how much they earn?

Haha maybe, means I am severly underpaid

[Sabbie]

Oh your cmpany made up of ah sia kias?

No we work hard and reward ourselves for it

[Sayang]

 

 

This is truely no biggie.. I have known several frens relatives and their earnings to cars are ...

 

Sport coach salary not over 3k., drive a C class Merc, (recently bought at all time COE high)

Low logistic exec not over 3.2k drive a honda civic, but "cheng" over 100k

Marketing Exec salary not over 5++k drive B class Merc, also recent bought.

 

just some examples.. so really his examples are very realistic..

 

if these pple are young and have earning potential at a company that pays well, give good allowances, they may also have capital to invest and gain passive income.. then really buying a nice car despite a avg salary is very real..

 

[Sayang]

maybe you very bad at estimating how much they earn?

 

I work in a company where there are many directors and managers earning from 6 to even 20k..

but not many continental cars here.

 

maybe at most some lexus.., esle the rest are JAP MPV, saloons sedans..

 

The pple here not very showy, dun see the need to drive flashy cars..

 

But its common for a manager to earn over 7k at where I am.. (Manufact line)

 

just many low key pple here.

 

My cousin works in Orchard, and though not many high earners there in her co., many drive conti cars cos maybe they are pressured to drive nice cars..

My cousin is only earning 5k, but upgraded to a conti, despite the high expenses she already has..

kids / hubby earning little / high mortgage / maid.. etc

[Tom_kkh]

This is truely no biggie.. I have known several frens relatives and their earnings to cars are ...

 

Sport coach salary not over 3k., drive a C class Merc, (recently bought at all time COE high)

Low logistic exec not over 3.2k drive a honda civic, but "cheng" over 100k

Marketing Exec salary not over 5++k drive B class Merc, also recent bought.

 

 

are u sure with those salary, bank will loan them? family help to pay large amount of down is it?

[Sabbie]

are u sure with those salary, bank will loan them? family help to pay large amount of down is it?

 

As long as make money, banks will loan them, this is how the subprime started....lol

[Sayang]

are u sure with those salary, bank will loan them? family help to pay large amount of down is it?

 

well, apparently the banks did loan them.. car loan , thats not too much an issue, the car is the collateral..

House loan..

 

well, the couple combi income is less than 8k take home. maybe even 6k. but they got a loan and now stay in a condo worth 1.2M. (bought when it was 800k though)

 

so, banks do loan, if you have a good credit history, never mind income bracket low.

 

On the other hand.. a funny story is.. I have difficulty getting a credit card a many years back, even though I earn well above the requirem. Annual 60k once upon a time, cos I never applied a CC and never had any credit history, so most banks did not want to approve my CC application.

 

[Plim72]

maybe they buy without taking any loan? not uncommon in my work place because we know how volatile it can be. Annual pay are still ok if you include bonuses. possible to get >150k for <35yrs in good times for diploma or la sup general degree holders but then they are certainly not guaranteed and layoff common.

[Maroon5]

ya i m slowly accepting that car is becoming a worthy collateral to the banks in today's mkt

[Maroon5]

maybe they buy without taking any loan? not uncommon in my work place because we know how volatile it can be. Annual pay are still ok if you include bonuses. possible to get >150k for <35yrs in good times for diploma or la sup general degree holders but then they are certainly not guaranteed and layoff common.

 

traders?

[Ronleech]

He himself is a FT.. Singapore PR

 

He suay lah...if he not take up the PR...he will be a real talent...now only 50% only