tcb123123 2nd Gear August 21, 2017 Share August 21, 2017 Had been driving B&B cars for past 15 over years, now just feel like buying a new better car price around $220k. Financially ok, of course much better than 15 year ago when i started first my job. Now married with 2 kids, no house loan, miscellaneous loan, no expensive holiday, no expensive dinning. Annually combined income 230k(PA), very stable job both wife and myself foresee our income should reach 300k(PA) at 5 years time easily. Feeling unsure now, will it considers "over stretching" for someone like me to buy a car at such price. Can't decide, maybe you guys can help and share some of your view. What do you think? ↡ Advertisement 1 Link to post Share on other sites More sharing options...
RadX Moderator August 21, 2017 Share August 21, 2017 Going by logic here Corolla 11 Link to post Share on other sites More sharing options...
Jamesc Hypersonic August 21, 2017 Share August 21, 2017 You earned it. Go for it. 4 Link to post Share on other sites More sharing options...
Lala81 Hypersonic August 21, 2017 Share August 21, 2017 Had been driving B&B cars for past 15 over years, now just feel like buying a new better car price around $220k. Financially ok, of course much better than 15 year ago when i started first my job. Now married with 2 kids, no house loan, miscellaneous loan, no expensive holiday, no expensive dinning. Annually combined income 230k(PA), very stable job both wife and myself foresee our income should reach 300k(PA) at 5 years time easily. Feeling unsure now, will it considers "over stretching" for someone like me to buy a car at such price. Can't decide, maybe you guys can help and share some of your view. What do you think? go ahead bah. U are probably 40 thereabouts. How many more nice cars can u get? Probably would start winding down your spending in your 50s anyway. Provided u don't change cars every 3 years. Going by logic here Corolla we need to encourage the newcomers to the forum! 1 Link to post Share on other sites More sharing options...
tcb123123 2nd Gear August 21, 2017 Author Share August 21, 2017 You earned it. Go for it. Thank you for your support..:) Link to post Share on other sites More sharing options...
RadX Moderator August 21, 2017 Share August 21, 2017 go ahead bah. U are probably 40 thereabouts. How many more nice cars can u get? Probably would start winding down your spending in your 50s anyway. Provided u don't change cars every 3 years. we need to encourage the newcomers to the forum! Lol! True that Spidey senses tingling tho... haha 2 Link to post Share on other sites More sharing options...
Lala81 Hypersonic August 21, 2017 Share August 21, 2017 You can always consider 2nd hand, if u are really concerned about overstretching. Over 6-7 years with a lower quantum, u can't really overstretch yourself given your current earning power. Link to post Share on other sites More sharing options...
tcb123123 2nd Gear August 21, 2017 Author Share August 21, 2017 (edited) go ahead bah. U are probably 40 thereabouts. How many more nice cars can u get? Probably would start winding down your spending in your 50s anyway. Provided u don't change cars every 3 years. we need to encourage the newcomers to the forum! Never drive a nice car before. I don't change every 3 years, 6-7 years average. Edited August 21, 2017 by tcb123123 Link to post Share on other sites More sharing options...
Lala81 Hypersonic August 21, 2017 Share August 21, 2017 Never drive a nice car before. Haha neither have I. Ok lah, drove my friend's porsche boxster for wedding. So once in my life haha Link to post Share on other sites More sharing options...
Aloe111 5th Gear August 21, 2017 Share August 21, 2017 Had been driving B&B cars for past 15 over years, now just feel like buying a new better car price around $220k. Financially ok, of course much better than 15 year ago when i started first my job. Now married with 2 kids, no house loan, miscellaneous loan, no expensive holiday, no expensive dinning. Annually combined income 230k(PA), very stable job both wife and myself foresee our income should reach 300k(PA) at 5 years time easily. Feeling unsure now, will it considers "over stretching" for someone like me to buy a car at such price. Can't decide, maybe you guys can help and share some of your view. What do you think? Think you forgot to mention how much cash in the bank 5 Link to post Share on other sites More sharing options...
tcb123123 2nd Gear August 21, 2017 Author Share August 21, 2017 Think you forgot to mention how much cash in the bank Link to post Share on other sites More sharing options...
Cook123 Supercharged August 21, 2017 Share August 21, 2017 ai yoh, dont think so much then lar. get a nice car u really like lar...say around 250k shdnt be any issue. haha...make sure ur other half agree also...otherwise might kenna trouble 2 Link to post Share on other sites More sharing options...
Jman888 Moderator August 21, 2017 Share August 21, 2017 YOLO! this type of question need T2 to come entertain. 1 Link to post Share on other sites More sharing options...
Carhorn 5th Gear August 21, 2017 Share August 21, 2017 Pay full cash. Taking bank loans is so orbit 1 Link to post Share on other sites More sharing options...
tcb123123 2nd Gear August 21, 2017 Author Share August 21, 2017 ai yoh, dont think so much then lar. get a nice car u really like lar...say around 250k shdnt be any issue. haha...make sure ur other half agree also...otherwise might kenna trouble other half silent added on "up to you".... It is inside most man's system, appreciate better car.... Link to post Share on other sites More sharing options...
zipping Supersonic August 21, 2017 Share August 21, 2017 Just follow ur heart.... But make sure do ur sums properly.... Also other half n kids must like it too, if not later veri stress to drive...lol 6 Link to post Share on other sites More sharing options...
tcb123123 2nd Gear August 21, 2017 Author Share August 21, 2017 Pay full cash. Taking bank loans is so orbit Full cash..$220k cash..will consider, maybe 80%. Link to post Share on other sites More sharing options...
Aloe111 5th Gear August 21, 2017 Share August 21, 2017 (edited) wife how much i don't know... myself at least half a mil.I say go for it, if you have done your sums. Life is unpredictable. And on a side note, congrats on having the job stability that me (and maybe others) are envious of. Edited August 21, 2017 by Aloe111 ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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