Nissan833 5th Gear April 16, 2015 Share April 16, 2015 in my imagination, those who earn 20k monthly, should be very busy, never got time to surf MCF They have a lot of time one.. have stable income liao and many subordinates to do the menial tasks for them therefore more time to be keyboard warrior on MCF. ↡ Advertisement Link to post Share on other sites More sharing options...
Damienic 5th Gear April 16, 2015 Share April 16, 2015 The problem is TS is earning such a low salary of 4k. If TS is earning 4k and asking "how to own" a C class, does it mean he is asking for suggestions how to increase his salary to a level sufficient to own a C class? I will think 4K is difficult to even own a B&B car which also requires min of 1.5K per month to be set aside, let alone a C class. That is almost half of his take home pay. Link to post Share on other sites More sharing options...
Luckcent 4th Gear April 16, 2015 Share April 16, 2015 Shit, why I so waste so much $$$ buying a merc when boleh land car is the same ....haiz hahahah....see what Proton says....forgive me if too big or too small, because I dont know how to add pics. Link to post Share on other sites More sharing options...
Blueodyssey 2nd Gear April 16, 2015 Share April 16, 2015 Why must it be NEW? Anyway... Assuming NEW C Class... Basic trim = $198,000 50% downpayment = $99,000 (I guess you should have this lump sum before dreaming about it?) Balance = $99,000 + (5 years interest of 2.8%) = $112,860 Monthly Installment =$1,881 Monthly Operating Expenses: Petrol =$250 Cashcard/Coupons =$100 Season Parking =$90 Road Tax =$82 (Based on $974 per year) Insurance =$200 (Based on $2,400 per year) Maintenance =$200 (Including servicing/6 months & tyre change/1.5 years) Total Monthly Car Expenses =$2,803 If only 40% of your monthly take home is for car, (which is already over stretching it) Your take home after CPF deduction =$7007.50. Monthly before CPF deduction =$8207.50 (From Y2006, CPF deduction is capped at $6k) If you take home currently is $4,000, you need another $3k to get a new C class. You either have to change job, get a promotion, a few times.... Link to post Share on other sites More sharing options...
MQX87511 5th Gear April 16, 2015 Share April 16, 2015 (edited) Why must it be NEW? Anyway... Assuming NEW C Class... Basic trim = $198,000 50% downpayment = $99,000 (I guess you should have this lump sum before dreaming about it?) Balance = $99,000 + (5 years interest of 2.8%) = $112,860 Monthly Installment =$1,881 Monthly Operating Expenses: Petrol =$250 Cashcard/Coupons =$100 Season Parking =$90 Road Tax =$82 (Based on $974 per year) Insurance =$200 (Based on $2,400 per year) Maintenance =$200 (Including servicing/6 months & tyre change/1.5 years) Total Monthly Car Expenses =$2,803 If only 40% of your monthly take home is for car, (which is already over stretching it) Your take home after CPF deduction =$7007.50. Monthly before CPF deduction =$8207.50 (From Y2006, CPF deduction is capped at $6k) If you take home currently is $4,000, you need another $3k to get a new C class. You either have to change job, get a promotion, a few times.... wah lao, 8.2k is a senior manager's salary laio in my company Edited April 16, 2015 by MQX87511 Link to post Share on other sites More sharing options...
Damienic 5th Gear April 16, 2015 Share April 16, 2015 Why must it be NEW? Anyway... Assuming NEW C Class... Basic trim = $198,000 50% downpayment = $99,000 (I guess you should have this lump sum before dreaming about it?) Balance = $99,000 + (5 years interest of 2.8%) = $112,860 Monthly Installment =$1,881 Monthly Operating Expenses: Petrol =$250 Cashcard/Coupons =$100 Season Parking =$90 Road Tax =$82 (Based on $974 per year) Insurance =$200 (Based on $2,400 per year) Maintenance =$200 (Including servicing/6 months & tyre change/1.5 years) Total Monthly Car Expenses =$2,803 If only 40% of your monthly take home is for car, (which is already over stretching it) Your take home after CPF deduction =$7007.50. Monthly before CPF deduction =$8207.50 (From Y2006, CPF deduction is capped at $6k) If you take home currently is $4,000, you need another $3k to get a new C class. You either have to change job, get a promotion, a few times.... If not, maybe doing a 2nd moonlighting job in the evening that pays well on top of the day time job? That might help to bring the income level sufficient to own the C class. Haha Link to post Share on other sites More sharing options...
Icebrush79 4th Gear April 16, 2015 Share April 16, 2015 merc has done well for aesthetic ... shaking off the ah pek look ... Ya totally agree, especially the CLA and GLA. Not sure about the rest but I like the way these 2 looks Link to post Share on other sites More sharing options...
Magfocus 5th Gear April 16, 2015 Share April 16, 2015 It seems the season parking is only for MSCP; what about office season parking? Probably another $200-$600 per month there Link to post Share on other sites More sharing options...
Wt_know Supersonic April 16, 2015 Share April 16, 2015 (edited) $250 petrol is too little unless restrict driving ... and must also avoid all erp ... haha It seems the season parking is only for MSCP; what about office season parking? Probably another $200-$600 per month there Edited April 16, 2015 by Wt_know Link to post Share on other sites More sharing options...
Icebrush79 4th Gear April 16, 2015 Share April 16, 2015 in my imagination, those who earn 20k monthly, should be very busy, never got time to surf MCF I do agree with you. High salary earners would not have time for forums because the amount of meetings and networking they have to attend already stretches their time beyond luxury. Perception and reality are 2 different things but in a forum, it is quite effortless to paint a picture of earning certain amounts. Take everything with a pinch of salt mate, its a forum afterall. Link to post Share on other sites More sharing options...
Magfocus 5th Gear April 16, 2015 Share April 16, 2015 $250 petrol is too little unless restrict driving ... and must also avoid all erp ... haha ERP is under cashcard/coupon category lah then again I wonder if $100 is sufficient, as I assume misc parking is under this category Link to post Share on other sites More sharing options...
Blueodyssey 2nd Gear April 16, 2015 Share April 16, 2015 wah lao, 8.2k is a senior manager's salary laio in my company Of course lah... you think an entry executive can drive such a car? I base on 40% of salary on car expenses. This is already quite absurb. ERP is under cashcard/coupon category lah then again I wonder if $100 is sufficient, as I assume misc parking is under this category Based on my current own usage, $100 for cashcard parking and coupon is sufficient. I head to city during weekends, I park around for lunch during weekdays. It seems the season parking is only for MSCP; what about office season parking? Probably another $200-$600 per month there I have base on the assumption that the company provides free parking. If you are working in the city, you have to factor in the office parking cost as well. But it's never wise to drive and park in the city, unless the company subsidize your parking. $250 petrol is too little unless restrict driving ... and must also avoid all erp ... haha Not too sure with C Class FC. I base on my current usage. Link to post Share on other sites More sharing options...
Enye Hypersonic April 16, 2015 Share April 16, 2015 Why must it be NEW? Anyway... Assuming NEW C Class... Basic trim = $198,000 50% downpayment = $99,000 (I guess you should have this lump sum before dreaming about it?) Balance = $99,000 + (5 years interest of 2.8%) = $112,860 Monthly Installment =$1,881 Monthly Operating Expenses: Petrol =$250 Cashcard/Coupons =$100 Season Parking =$90 Road Tax =$82 (Based on $974 per year) Insurance =$200 (Based on $2,400 per year) Maintenance =$200 (Including servicing/6 months & tyre change/1.5 years) Total Monthly Car Expenses =$2,803 If only 40% of your monthly take home is for car, (which is already over stretching it) Your take home after CPF deduction =$7007.50. Monthly before CPF deduction =$8207.50 (From Y2006, CPF deduction is capped at $6k) If you take home currently is $4,000, you need another $3k to get a new C class. You either have to change job, get a promotion, a few times.... wrong...mcf standard is below 10% monthly salary for car expenses so the min required salary for new base C class is 30k per month no wonder i have never stepped into the merc showroom in my life Link to post Share on other sites More sharing options...
Blueodyssey 2nd Gear April 16, 2015 Share April 16, 2015 wrong...mcf standard is below 10% monthly salary for car expenses so the min required salary for new base C class is 30k per month no wonder i have never stepped into the merc showroom in my life I just dun want to break ppl's bubble so badly... So the question is... why must it be a NEW merc. Link to post Share on other sites More sharing options...
Solar Turbocharged April 17, 2015 Share April 17, 2015 I have base on the assumption that the company provides free parking. If you are working in the city, you have to factor in the office parking cost as well. But it's never wise to drive and park in the city, unless the company subsidize your parking. Whatever car one drives, it is always an extra expense if the company isn't covering the cost.. I'll also not drive if I'm not getting allowance, free parking at office and reimburse parking at client places. ;) 1 Link to post Share on other sites More sharing options...
Yeshe Turbocharged April 17, 2015 Share April 17, 2015 Can advise which job able to earn $400k per year? CFO,COO? ministar, get 1mil a year. go serve the country, u get driven in a merc S CLASS [laugh] Link to post Share on other sites More sharing options...
Yeshe Turbocharged April 17, 2015 Share April 17, 2015 I just dun want to break ppl's bubble so badly... So the question is... why must it be a NEW merc. because got new car smell [laugh] Link to post Share on other sites More sharing options...
Yeshe Turbocharged April 17, 2015 Share April 17, 2015 Why must it be NEW? Anyway... Assuming NEW C Class... Basic trim = $198,000 50% downpayment = $99,000 (I guess you should have this lump sum before dreaming about it?) Balance = $99,000 + (5 years interest of 2.8%) = $112,860 Monthly Installment =$1,881 Monthly Operating Expenses: Petrol =$250 Cashcard/Coupons =$100 Season Parking =$90 Road Tax =$82 (Based on $974 per year) Insurance =$200 (Based on $2,400 per year) Maintenance =$200 (Including servicing/6 months & tyre change/1.5 years) Total Monthly Car Expenses =$2,803 If only 40% of your monthly take home is for car, (which is already over stretching it) Your take home after CPF deduction =$7007.50. Monthly before CPF deduction =$8207.50 (From Y2006, CPF deduction is capped at $6k) If you take home currently is $4,000, you need another $3k to get a new C class. You either have to change job, get a promotion, a few times.... quite accurate breakdown, but petrol more likely close to $400, parking/ERP more like $250 ↡ Advertisement Link to post Share on other sites More sharing options...
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