I think hydrogen has it's own problem....otherwise, why do you think it's not mass market until today? Last time i read the main problem is, you need lots of energy to convert the water to H2 AND O.....you simply cannot get H2 like that...so in the end, H2 not really stable, needs a lot of energy to convert (battery power? not sure) and effects on engine also dunno...(like NGV can cause engine block to crack due to high temperature etc)......you cannot simply create something out of nothing....(Budhha taught this...haha...become religion thread liao...)....

1st step you wanna own a 100k car price.

Must be do a small calculate on your living expenses and commitment.

Follow by own saving for down payment and follow by monthly installment on 5, 7 or 9 years and this is worth to buy???

Just telling yourself buy the car is for what purpose?
Fully use or weekend car?

After just decide want to get the expansive car or not?

If ok just go ahead if cannot just drop your budget to lower a bit such as <80k car value I think right now have alot choices.

my 2 cents advice...

only buy that car if u can afford the loan tenure for MAX 5 years... pre calculation..

if you can afford a 5 years loan .. u can go for 7 years or 9 years so u can utilize the additional spare money maybe for ur house .. or what ever ... or savings...

Do not ever buy a car that u can only afford 9 years loan .. this will kill u ...

no matter it is Toyota, Honda, BMW, Ferrari ... once it step into 5 years above ages.. there are many tear and wears waiting for u ..

very 'like'

Really ? Let's see, if I earn 10k/mth, it means I can buy 175 x 3 = 525k car (375k loan)

man .. u are good in accounting

No, I'm an idiot cause I just bought a much lower value car, as compared to all car enthusiasts here
I can't believe 3k-5k/mth can buy 100k car, and pay the installments, fuel, toll, parking, repair, maintenance, incidental costs like scratch, police/JPJ summons, etc.

I just want to make clear something here.
I receive alot of advice and comments from you guys.i am not saying that i will buy car once i start working.i just want roughly know the range,not saying that will buy after i start work.
I am
Just planning my future,seeking as much info as possible.
Thanks ya

can.. maybe got parents to help 30-50% deposit leh?
just like going overseas to study, no income, finish pre U, can go Australia or UK for 2-3years study meh?

we are not trying to lecture u too

just trying to give our dua puluh cent worth of experience...

to let u judge by urself if u want to be the 42 person whom declare bankrupsy everyday due to debts ..
or want to live a better life

its all about ur own choices..

thank you all senior.
I am still learning, experiences,expose more.I think when the right time come, automatically I will know whether I can afford to buy or not.

u're smart for sure, People here are jaded by materialism. Car loan is so easily attainable it became an illusion of success to many young working adults. 5k per month, yes u're eligible for a 100k loan but who
are u kidding, rite? FYI, i run my own business, makes roughly 5 figure a month but i still drive a Myvi. Although i own a Navara pickup as well but that's really for the business.

This post has been edited by babyrabies: Oct 25 2011, 02:46 PM

My salary is near 5 figure, but yet im driving an old vios 06. I also have another myvi 06. Finished the installment for both now. 2 years back my salary was around 3k+, and I only have the myvi that time. Paying 550 per month for a 7 year installment plan, there's not saving much left after deducting your petrol, expenses, epf, tax, food, drinks etc etc.

So for those that say 3k is the minimum to afford a 100k car, think again. Unless your car runs on water, and you eat sunlight for breakfast, moonlight for dinner, then yeah 3k salary can afford you a 100k car. You'll also be begging your friends to pay for your meal during yam char sessions

But then there are such ppl out there. I knew a guy who owns a 318i. He'll call friends out for yam char sessions and stuff. Then half-way, he'll pickup his phone and act like there's emergency and run-off by saying "sorry gtg emergency leh". The rest gotta pay for his meal

Last year when i started working, I committed myself to a 9 year loan by taking a new Savvy. Thank goodness I didnt buy a more expensive car else i'll be half dead by now lol

Assume if you earning 10k/month, legal money, declare income tax (PCB) and deduct EPF, socso, your balance every month should be 6.5k+ only.
max 26% tax
11% employee EPF
balance 63% only

The balance still have Rm4095/3 = 1365 still can afford Rm130k car he he

no la, only 25k ++ will kena max income tax percentage.

10k/mth
Annual = 120k
Less relief, etc. let's say 18k?
Taxable income = 102k

>100k taxable income = 26%

Edit: Added tax rate source


This post has been edited by cute_boboi: Oct 25 2011, 05:53 PM

man, it's tiered tax rate

the first bla bla bla thousand is bla bal bla % and so on

it's not direct x 26%...

Savvy?? 9year loan? why no buy BLM saga?

---

Added on October 25, 2011, 6:33 pmas per your link
Lebih 100,000 = 100,000 pertama RM14,325
Setiap ringgit berikutnya 26 %
so 102K = RM14325+RM520 = RM14845 not 102k x 26%



This post has been edited by ar188: Oct 25 2011, 06:35 PM