QUOTE(somewhataut @ Jan 28 2023, 11:18 PM)
That sarcasm was unnecessary
i will state them in sgd and rm
900sgd rent
400sgd food
50sgd transport
RM1300 parents
That leaves me RM4000, is it safe to buy a RM135000 car
Loan tends to approve whenever monthly instalment is 1/3 of the your income
Does it make sense to apply the same rule to full SGD income, RM9000/3=RM3000? I can afford a RM3000 instalment car with an ordinary 3000SGD?
If i use what i have left RM4000/3=RM1333, it is about the same as the instalment for Peugeot 2008, but is it safe? can i really afford such expensive car with an ordinary 3000SGD
In case i lose my job, what is the worst situation i could be in
I would say no bro. Getting a car is not just about paying installments. You still have yearly road tax, car insurance, service and maintenance to pay for.
Given that you are living in SG, there are more to the budget that you still need to pay for (phone, entertainment etc), which you did not include in the budget. Your expense in SG will be much more than what you have included in your budget.
I'm not going to go into calculations as I don't really do financial planning, but my advice is to get a local car that has cheaper insurance and cheaper service fees.