Jul 27 2012, 12:08 AM
QUOTE(danabu @ Feb 17 2012, 02:25 PM)
Financial guru advice / guideline:
Max 15% of monthly income and not more then 5 years for the car loan. Even you plan to use the car more then 5 years.
We should invest the money not spending all the money on car loan. Car works for us not we work for the car. Let the investment generate some extra money for us.
Max15% of income?Max 15% of monthly income and not more then 5 years for the car loan. Even you plan to use the car more then 5 years.
We should invest the money not spending all the money on car loan. Car works for us not we work for the car. Let the investment generate some extra money for us.
If 10%, want buy vios pay 7years, 1000monthly+-
that mean every month average must get salary rm10k?
I saw many fresh grad with 2k to 3k also paying 800-1.2k monthly installment for car. Guru should help them lol
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