QUOTE(Leoheart79 @ Jan 24 2014, 05:04 PM)
if your company giving you rm300 car allowance then your monthly repayment should be less than twice that amount.so you're basically top-up rm300 from your own pocket.
don't put fuel, parking and toll claims into that equation because that is just reimbursement from what you have already spent.
yes, you do "earn" abit from mileage but that depends on driving habits.
think of it this way, whatever you get extra from mileage every month you need to keep for car maintenance which is about 100-250 depending on car model.
you need to spend that extra you earn from mileage every 1 and a half month because you're doing 2500km per month, most cars need service every 3000-5000km.
of course u can over stretch yourself.
get a nice car, repayment about 1000.
but thats alot more than 300 the company paying you.
you need to topup 2x the amount.
then need to fork out more for maintenance.
Jan 25 2014, 11:35 PM

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