tell this to Bobby Ang and he's willing to take you to Europe and back just to argue that a car has the same utility as a house

who is bobby ang?

Remember 260k car maintenance not for this range of salary lel...

everyone is telling such conservative advices. i wonder how many actually do it. based on your standards, a honda city owner should have a monthly salary of 7.5k.

a reputable editor in chief for a car magazine here in Malaysia - also a youtuber car reviewer.



not if you use 30% of your nett salary as the gauge to determine car affordability.

if a person earns RM7,500.00 monthly (gross) - that would be around RM6,100.00 nett monthly - 30% of that would be RM1,830.00 and depending on how much that person wants to save or use elsewhere, that would be the ideal reference point.

an individual only needs to earns a gross monthly salary of RM3,200.00 to be able to afford a Honda City.

Yes, and so is the insurance, tyres, petrol consumptiom

But lets not complicate things further

With just rm3k salary, u too can buy rm260k car

please don’t troll or will be reported to mod

This post has been edited by MasterConfucion: May 28 2019, 07:26 PM

good luck reporting staff to mod

Honda City is already the max for someone with just 7.5k salary, any pricier car is really just stretching it.
If one is mindful with money that is.

Unfortunately, a lot of Msians just hentam, and simply buy stuffs above their means

This post has been edited by James1983: May 29 2019, 01:48 AM

Based on ppl I know and the cars I see on the road, only a small minority of people follow this. Many live life by their monthly paychecks.

But ppl who follow, chances are they will be quite financially isecure. That feeling of financial security is a great feeling, better than any new car.

ya i know the feeling. maybe that’s why tooo comfortable with my financial security it become boring and make me want to spend something

ya will let the mod know their staff not behaving properly.

What's it being a utility got to do with a depreciating asset?

there was a video he made sometime ago ranting about people complaining that cars are depreciating assets therefore should not be favored over real estates - he disagrees with these people and citing his own logic to back up his stand.

couldn't remember exactly which one but i think it's the one he made subsequent to the XC90 review.

pls use the report button to do so.

i bet most get much fancier cars then honda city if they have 7.5k salary. i know a fren of mine got a civic with just 4k salary. bank still approves.....

That’s 🤦🏻‍♂️ 🤦🏻‍♀️

I see. Cars are generally depreciating assets unless they become antiques or collectibles.

your calculation is much much more reasonable than those who thinks the value of the car should be within one's annual salary.

if i buy car i don’t consider it asset but as a toy so the money i put in is only measure in terms of entertainment.