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Hi everyone. I started this thread to get a second opinion from more expert car owners on the costs of owning a car. In my case, I would like to own a car and finance it with Grab driving, and also earn some side income. Currently doing self-sustaining investments, so don’t mind driving to burn all my spare time and also to ferry my family around. It is my hope that this thread can also guide new aspiring PHV drivers. Key Assumptions Buying Honda Jazz 1.3 from AD, no loan ($74,999 at Kah) Driving 6 hours for Grab a day, 8 hours on the road, $5/hour fuel Gross takings for 1 hour of Grab is average $32 (Before commission+expenses) Medisave is still your own money so don’t need to count contributions as expenses Daily Cost of driving PHV (Worst Case Scenario) Car Cost ($74999/10 years, $7499.9 PARF) = $18.49 Insurance Price ($2000/year) = $5.48 Maintenance Fees ($1000/year) = $2.74 Road Tax ($578/year) = $1.58 Additional Costs (Accidents, Wear and Tear) ($4000/year) = $10.96 Carpark Fees ($110 HDB season, $6/day Misc) = $9.62 Fuel Costs (8 hours/day @ $5/hr) = $40 Total Daily Costs: $88.78 Estimated Daily Earnings Gross Takings (6 hours, $32/hr) = $192 After 20% commission = $153.6 Taxable income = $56064 Income tax paid = $400 Nett Daily Income (After all deductibles) = $63.72 Worst Case Scenario Monthly Income (6 hr/day for 30 days) = $1911.72 Key Questions to be answered Is the $32/hr average gross takings by PHV drivers realistic? Assuming the most newbie technique - to aim for incentives. Would renting a car be a better option?

colleague just came back reservist today. he said very relac as all training programs were cancelled. reason??? 1 unlicensed guy drove a military vehicle, the vehicle overturned and killed one NS man on the spot. heard that the lower part of the NS body was "cut" into two by the overturned vehicle!!!! The unlicensed driver is a regular Sergent. so 2 injured 1 instant death. Y the no license Sergent was allowed to drive a military vehicle is a myth till now. wasnt reported in the newspaper or did I missed it?