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69 replies to this topic | 343 praises

Poll: Will you do it if you are in my situation? (31 member(s) have cast votes)

Will you do it if you are in my situation?

  1. Yes (9 votes [29.03%])

    Percentage of vote: 29.03%

  2. No (18 votes [58.06%])

    Percentage of vote: 58.06%

  3. Need more details about my situation. (4 votes [12.90%])

    Percentage of vote: 12.90%

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#61

Posted 26 June 2018 - 01:22 PM

RogerNg_185295
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Seems he has gone missing while we are still discussing

He's just a troll, doubt he even knows about car ownership. His Parf he just took 10% of car selling price lol. How is fuel cost measured by hourly basis

 



#62

Posted 26 June 2018 - 01:37 PM

kennyyy
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Seems he has gone missing while we are still discussing

 

Seems he went missing right after someone here posted this abt him:-

-----------------------------------------------------------------------------------------------------------------------------------------------------------

*Quote*

 

I think this is the same guy who posted this. 

 

Quote

I know this is a controversial topic. 

I drive lane 1 at speed limit, is it right or wrong? 

Why do so many friggin cars expect me to drive 10-20 above speed limit???

I am just being law abiding. 

Some more lane 2 so slow, 60-70 usually.

It is not road hogging when you are at speed limit FYI.

And singaporean Drivers need to have more patience.

 

*Unquote* 

------------------------------------------------------------------------------------------------------------------------------------------------------


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#63

Posted 26 June 2018 - 02:50 PM

LPPL
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if one has to work 20hrs a day, 7 days a week non-stop
to fund and support his used Ferrari
then all can say Ferrari is easily attainable ... âcan affordâ

It is a sad state if a person's quality of life is just based on these tangibles. I have seen hdb dwellers driving R8s and lambos when such cars should supposedly be parked in the front porch of a landed or some posh condo.

#64

Posted 26 June 2018 - 04:03 PM

Alfc
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All I can say is that your friend got a damn good job. Can afford condo with a strict 830am to 530pm job. Civil service ah?

 

I am surprise there is no clause in the full-time job employment contract that states one is not supposed to moonlight. And there must be a declaration done each year. Driving grab part-time is a breach of contract.


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#65

Posted 26 June 2018 - 06:37 PM

DACH
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It is a sad state if a person's quality of life is just based on these tangibles. I have seen hdb dwellers driving R8s and lambos when such cars should supposedly be parked in the front porch of a landed or some posh condo.

There's no right or wrong of which cars should be driven based on their dwellings. They just set their priorities and finances based on their interests. Nothing wrong with that.
I think we also shouldn't dispute those living in landed or posh condos driving Toyota Corollas or Honda Civics.
Dream car: Lamborghini Murcielago 6.2

#66

Posted 27 June 2018 - 01:37 AM

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There's no right or wrong of which cars should be driven based on their dwellings. They just set their priorities and finances based on their interests. Nothing wrong with that.
I think we also shouldn't dispute those living in landed or posh condos driving Toyota Corollas or Honda Civics.

 

There is wrong when priorities are not right. 



#67

Posted 27 June 2018 - 05:30 AM

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There is wrong when priorities are not right.

Different people have different priorities. Nothing right or wrong.
Dream car: Lamborghini Murcielago 6.2

#68

Posted 27 June 2018 - 07:57 AM

Vratenza
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Oh... You mean like the selected head of state that insisted on staying in her HDB... Wasting public resources to set up tentage and designated parking for her to show her priorities? When her annual salary is enough to buy up her entire floor of neighbours.  :D

 

There's no right or wrong of which cars should be driven based on their dwellings. They just set their priorities and finances based on their interests. Nothing wrong with that.
I think we also shouldn't dispute those living in landed or posh condos driving Toyota Corollas or Honda Civics.

 


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#69

Posted 29 March 2019 - 01:29 PM

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Have you bought a car and start driving to earn money already?

 

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?

 

 



#70

Posted 27 June 2019 - 01:24 PM

Raychay
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When you see a PHV, it's usually a new Mazda 3, Vezel, Shuttle, Corolla, Vios or maybe COE renewed Japanese/Korea car,

Noticed that there are some more premium makes and models with PHV decals.

It doesn't make economic sense to me why they are doing that. Anyone can enlighten me?

 

 




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