3k salary buy 100k car then live like a rat.. worth it?

try get a 10years old camry
my fren earning 2k per month , he get himself a 2nd hand camry cost him 30k
the car still nice n stable at high speed

Salary 3K wanna get 100K car??? Lets see:

Salary: RM3000 (lets assume this is nett after CPF and income tax)...
Room rental: Less RM300, balance RM2700
Food (rent room means not staying at home): RM30 (conservative) per day = RM900, balance RM1800
Car installment: RM1100, balance RM700
Fuel: RM400 (minimal driving), balance RM300

Consumables:
Insurance and Road Tax = RM1500 (assuming he have 55% NCD)
Tyre: RM400 a piece = RM1200
RM1500+1200 = RM2700 divided by 12months = RM225 per month, balance RM75

Enuff for TS (or anyone to live by)??

And the main reason he wanna get a 100K is to prolly show off to his friends and/or GF that he have arrived (and in style)... so he definitely will be using more money on movies, entertainment, shopping.... he will be in credit card debt in no time...

But its ok... biar ada gaya, bankrupt takpe coz papa/mama ada....

This post has been edited by Poadster: Oct 23 2011, 08:27 PM

there is study recommending ppl not to buy car more than double of their annual salary... better stick to the car value to your annual or 1.5x annual salary...

I would says not all applicable..

Imagine i earn 2k = 24k per year..
Can biy 48k car..
Even 9 years shd be around 600+/-

2k minus this n that 1.8k
600 car
300 fuel
Rental ?
Phone bill ?
Parents?
Saving?

end up Lkpk..:-p

Referering to 2x :-)

This post has been edited by K3nnYkl82: Oct 23 2011, 08:43 PM

need to show their frens they made it.

they drive city/vios/altis/civic, use iphone, buy ipad. and then every month pay minimum payment for credit card.

this is what happens when u're a fresh grad and drive a brand new city/vios

U wont understand.. generation gap..

Duit tak ada tak apa.. yang penting gaya ada ..
Tua only enjoy meh

i'm still 2x years old la

but then, when i was a fresh grad, an experienced engineer driving city/vios is already successful.

but now, a fresh grad needs to drive 100k car to impress ppl, vios/city already cannot.

it makes me wonder, who the hell drives a myvi or saga? makcik cleaner?

jalan sombong, poket kosong?

that's y is a recommendation mah... at least is to remind us and others the max range of car price u should look at... the final decision on what to get, u got to look on individual expenses la... some petrol and phone bill is by company so can i say you calculation again is not applicable?

if you didn't notice, let me remind you.. nowadays, it is difficult to see proton or perodua on the road.. the common scene is vios or city with P.. so what to do to stand out?

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Added on October 23, 2011, 9:06 pmi would say this kinda calculation is indivual.. it depends on priority.. some ppl put car as top priority, some put savings and investment or some put property.. i have seen a company boss driving proton saga costing less than 30k and he nvr bother to fix the broken signal light.. but his monthy income is at least 20k..

This post has been edited by jy1905: Oct 23 2011, 09:06 PM

if u go look around those private university or college.... go look at their car park, u will be shocked to see what are the students driving...

maybe eyeing the new avante?

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Added on October 23, 2011, 9:14 pmaiseh, vios /city cannot make it already liao? kind of like the new city, getting bored of driving those D segment cars liao..

This post has been edited by ar188: Oct 23 2011, 09:14 PM

why on earth do you need a car that cost > 100k?

you 2" ?

jokes aside, a car is a liability, not an asset

it costs money - not just monthly repayment, but repairs, parts, insurances and taxes

get a car that's within your capacity to pay. a good and tried formula is 1/4 of your monthly pay goes to the car repayment - with FIVE year loan




anything above that, means you can't afford it

and who use the same car >5 years?

again, i re-iterate, car is a LIABILITY. it depereciates the second it leaves the showroom


edit: just for the lulz, go and sit at a tyre shop and see how those young ppl drive nice civic, or vios or city can only afford to replace TWO tyres ONLY at one time? man... that's soo wrong. (doesn't matter the fact the car is 2wd and usually the front goes first)

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Added on October 23, 2011, 9:17 pmthey are driving their parents' (or their parent's company registered) cars...

nothing hardly to be shocked at... living with FAMA allowances. not impressed.

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Added on October 23, 2011, 9:18 pm u got that one right. plus, lots of credit card debts, and 2 - 3 month did not pay car installment

This post has been edited by lucifah: Oct 23 2011, 09:22 PM

+1

i driving myvi, a bit regret to spend another RM10k on it and i should rather go for saga instead to save some bucks... anyway, i glad that i can owned a DSL house) with my bloody money as tat time cost me RM300k 3 years ago (about 25 years old that time) but selling price is about RM600k now... if i wish to sell my house now, i can buy a super luxury car now...

as advise dont spend ur hard earned money when u r young, save it and do investment or buy house instead... wait for 5 years and u can get a car for FREE... hence, dont forget in future u may have more commitment and u need more money to survive...

This post has been edited by gkl83: Oct 23 2011, 09:28 PM

my fren just buy new vios with 10 years installment 2tier (pay 700 for several years.. 7years++ 1k+) but seldom see he going outside.. no money to put petrol kot..

2 tires not bad wei..
Last time i see someone tire cant repair d.. driving accord.. ask for 2nd hand tire.. The shop owner say 50. He ask for 30 summore. lolz

vios where got makan minyak? maybe should buy insight instead?

yeap vios jimat minyak but if ur saving permonth balance below 500 can go wayang, lepak, etc..?

i guess sometimes the apek riding a bicycle/ motorbike might be richer than those driving a benz on the road

42 Malaysias go bankrupt everyday thanks to car debt and credit card debt. You'd think everyone would learn something from these statistics.