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How much I need to earn so that ..., TQ
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turbocharged
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 Oct 23 2011, 04:51 PM
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Getting Started
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QUOTE(Faint @ Oct 23 2011, 04:49 PM) Interest rate 3%, loan 100k and 9 years. Interest for 9 years = 3k x 9 years = 27k 127k( 27 + 100) / 9 years / 12 months = 1.2k installment each month. 1.2k + petrol one month might b 1.5-1.6k. Depend on where u're working and married status. Use ur current monthly salary deduct 1.6k then you will know whether you can afford to buy 100k onot. boss, need to pay 10% downpayment first. your formula is for 110k car? ---------------------------- TS, typically you need 4k-5k to be affordable for 100k car. This post has been edited by turbocharged: Oct 23 2011, 04:52 PM |
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turbocharged
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Oct 23 2011, 08:44 PM
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Getting Started
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QUOTE(jy1905 @ Oct 23 2011, 07:23 PM) for a 100k car and assuming 10-20% dp, you'll still need to spend around 2k a month for everything such as petrol, maintenance and ins.. to afford it? try multiplying with 3 and you'll need to earn at least 6k a month.. even then, sometimes it is not sufficient to live COMFORTABLY coz you'll tend to spend more when you are earning 6k.. i would say 8k monthly if you are single to afford 100k car with comfort.. but if you are having support from YIB, perhaps another story then.. just wondering, why you need a 100k car in the first place? 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 |
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turbocharged
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Oct 23 2011, 08:49 PM
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Getting Started
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QUOTE(K3nnYkl82 @ Oct 23 2011, 08:45 PM) 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? |
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turbocharged
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Oct 24 2011, 07:46 PM
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Getting Started
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QUOTE(rest @ Oct 24 2011, 07:33 PM) OK,come back to the topic. Besides,if I buy a car with full cash is that ok?I heard that someone will check on you is that true? as long as you can declare the source, its ok. not those drug moeny, or bookie, or bapa ayam kind. |
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turbocharged
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Oct 24 2011, 07:57 PM
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Getting Started
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QUOTE(rest @ Oct 24 2011, 07:52 PM) If cant declare how?the shop wont sell to you even you have that much money?  u can buy, and ppl will get alerted, and the next thing you know, u're in jail! there is a anti money laundry act, and so on. but i'm sure those with dirty money knows how to get around with it. |
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turbocharged
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Oct 24 2011, 08:22 PM
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Getting Started
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,er, lets talk back about buying cars.
saw in mazda 3 forum, a chap wanna buy mazda 3 mps, rm175k, kena rejected.
bank said can only buy rm125k mazda 3.
why? cos he only makes rm3k++, got credit card loan and housing loan and personal loan.
and the chap is so happy. i was like....wtf?
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turbocharged
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Oct 25 2011, 05:15 PM
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Getting Started
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QUOTE(cute_boboi @ Oct 25 2011, 05:02 PM) 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  no la, only 25k ++ will kena max income tax percentage. |
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turbocharged
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Oct 25 2011, 07:44 PM
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Getting Started
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QUOTE(cute_boboi @ Oct 25 2011, 06:49 PM) Adoi, my mistake  overlooked it  yea, i check properly before i start working, just in case, lol. |
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turbocharged
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Oct 25 2011, 09:13 PM
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Getting Started
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QUOTE(dantck @ Oct 25 2011, 08:37 PM) not woth to think ,nobody knows too when suddenly income stops.... you dont worry about that, there is insurance  |
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turbocharged
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Oct 25 2011, 09:17 PM
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Getting Started
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QUOTE(ar188 @ Oct 25 2011, 09:15 PM) not every one buy wan.. if you go k/ inside, some even say it's a mlm scam..  come on, when you make 25k a month, you need to have some insurance, not going to rely on socso right? |
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turbocharged
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Oct 25 2011, 09:25 PM
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Getting Started
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QUOTE(ar188 @ Oct 25 2011, 09:23 PM) no, socso follows once member always member concept. even if earn 25k still need to pay if already registered member rejoice, kaki patah on motorbike on the way to work can claim several thousand |
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turbocharged
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Oct 28 2011, 09:35 PM
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Getting Started
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QUOTE(da drummer @ Oct 28 2011, 09:23 PM) greeting all... i also in current situation as TS.. my salary is 3.5k... minus rm700 for parent+groceries+other expenses... so i still have about 2.8k..no need to pay loan+house rent or anything...bill also doesnt have...single... can afford a car that range price about rm80k? thnx for respond  better get a myvi kind of car. those below 50k. ( 7 years, 1 month about rm700) but u can try vios J spec. ( 9 years, about rm700) |
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turbocharged
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Oct 28 2011, 10:43 PM
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Getting Started
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fiesta lo, if you dont mind the size.
or inspira if you dont mind the badge( its lancer, go try, u'll know)
or forte, just for the sake of not driving a proton.
swift? no way, new swift is coming.
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turbocharged
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Oct 28 2011, 11:25 PM
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Getting Started
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QUOTE(da drummer @ Oct 28 2011, 10:49 PM) yeap...fiesta nice also..my housemte used it..looks like dont have any major prob...yet...  inspira n forte also in my mind.but i heard some of it have prob..(where got car without prob rite)..will try to test drive it soon..in the mean time...save money for higher dwnpyment.. very big thnx sir you're welcome, enjoy your weekend! |
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turbocharged
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Nov 25 2011, 02:30 PM
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Getting Started
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seriously, its ok as long as your house loan+ car loan is less than 50% of your income, then bank is ok,. |
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