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)

---

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.

---

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

HA HA HA HA... 10 years?

my god


the only reason why i didn't get a car loan less than 5 years is the interest rate gets higher

i asked for a car loan a few months back

9 yr - 3.5%

7 yr - 3.2%

5 yr - 2.9%

3 yr - 3.5% <--- WTF?

bank says not making enough money....

true story.

i'd have paid in cash, but that would raise LHDN alarm bells.

man.. don't u even know how to screen-cap? printscreen?

u have to actually take a photo of your computer screen?

and with 9 yr loan, everyone can pay the installment

the golden question is: can you AFFORD to have a 100k car.

not can you pay for 100k car monthly payment...


being able to service the loan and being able to afford a 100k car is two totally different thing...

oh, btw, most banks have their online Hire Purchase calculator that you can use easily...

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%...

next time when you pay income tax at 26% then u sakit hati liao

i'm at the 24% bracket

even after soo much deduct here, deduct there

i think it's time for me to get a wife and some kids already. can help to increase deductibles...

the wife >36k, do a separate assessnments, but the kids put all under your assessment

you are bloody right - malaysia income tax structure needs revamp

the bracket should be higher - those who earn 100k+ are not even rich. they are just mid-class and they have to pay 20 - 26% taxes

we couldn't even afford a nice ferrari...

should be alrite if you don't have any plan to marry / settle down in 5 - 10 yrs time...

but stick to the 5-yr max hire purchase tenure

at least you can build a good credit rating (if you pay promptly) and will help you secure higher loan if you plan to buy house later...