Leeke1 2nd Gear August 27, 2014 Share August 27, 2014 wat is the % of monthly income for car? ↡ Advertisement Link to post Share on other sites More sharing options...
Pocus Turbocharged August 27, 2014 Share August 27, 2014 No hard a fast rule. The percentage decreases as you have other commitments like housing, kids, loans, etc Instead the question is "what is the cost to own and maintain a car" then work your way up 2 Link to post Share on other sites More sharing options...
Mockngbrd Supersonic August 27, 2014 Share August 27, 2014 50%!!! No scare no scare! 2 Link to post Share on other sites More sharing options...
Wt_know Supersonic August 27, 2014 Share August 27, 2014 (edited) how much monthly income? $5000 .... 20% only $1000 leh ... can service loan also no money to pump petrol liao ... lol Edited August 27, 2014 by Wt_know 1 Link to post Share on other sites More sharing options...
Leeke1 2nd Gear August 27, 2014 Author Share August 27, 2014 I think chao chao sgd2000 is needed to own and maintain a car. I wonder y we have so many car on the road despite the insane coe price now. I wonder if most people monthly income have gone up to 10k a month? hm.. Link to post Share on other sites More sharing options...
Toothiewabbit Supersonic August 27, 2014 Share August 27, 2014 I think chao chao sgd2000 is needed to own and maintain a car. I wonder y we have so many car on the road despite the insane coe price now. I wonder if most people monthly income have gone up to 10k a month? hm.. Many car owners (non-MCF members of course ) pay through their nose one. 4 Link to post Share on other sites More sharing options...
Vid Hypersonic August 27, 2014 Share August 27, 2014 Many car owners (non-MCF members of course ) pay through their nose one. Down here pay full cash. I peasant... need to service loan. [bigcry] 1 Link to post Share on other sites More sharing options...
Damienic 5th Gear August 27, 2014 Share August 27, 2014 I think about 25% of the take home income (after cpf deduction). Link to post Share on other sites More sharing options...
Throttle2 Supersonic August 27, 2014 Share August 27, 2014 This topic has been discussed many times before. It is dependant on the situation one is in. That means life stage, commitments, income, etc etc... But you guys know my take on it lah.... 1 Link to post Share on other sites More sharing options...
Icedbs Turbocharged August 27, 2014 Share August 27, 2014 (edited) Mine used to be 6% of my monthly take home income. But that's quite a long time ago. I don't believe in paying more than 9% of my monthly for a depreciating item. Edited August 27, 2014 by Icedbs Link to post Share on other sites More sharing options...
Nzy Twincharged August 27, 2014 Share August 27, 2014 (edited) how much monthly income? $5000 .... 20% only $1000 leh ... can service loan also no money to pump petrol liao ... lol If car fully paid then more than enough. When I was single I saved about $2000 a month. After 1 year, bought a 2 year old cheap car. Now with kids, my priorities changed already. This $2000 I used to save up/spend on luxury stuff is used for buying insurance, saving up for their education and my retirement. Edited August 27, 2014 by Nzy Link to post Share on other sites More sharing options...
RadX Moderator August 27, 2014 Share August 27, 2014 discussed before. pls search closed http://www.mycarforum.com/topic/2674971-car-price-is-what-of-your-annual-household-income/?hl=income ↡ Advertisement Link to post Share on other sites More sharing options...
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