post ur salary and ur expenses.. net salary. lol. as I said some people spend most of the income into cars.. some prefer cash.. some prefer house.. let us know the number first.. then we recommend hat size.

You ask like that, we never know how big is your head, of course give u very general answer.

If you are young, no gf, no kids, at 8k range, no plans for babies soon, willing to spend more in cars, maybe 140k cars are safer deal.

https://siakapkeli.my/2019/05/19/tular-vide...eri-penjelasan/

Manyak syiok meh pakai 260k car? As far as i know there's always gonna be that next upper level car that people will aim to own.

20k gross single no dependents can laa buy 260k car. Priorities change when the number of mouths you are responsible to feed multiplies.

However ive seen pipu with 4-figure celery did a 9-yr HP on a 330e. Smh, but well that probably makes him happier so be it lah

all posts made my other members here do really sound like people who have done it, tried it, and looked back and very definitely will question them self after 5 years/time to change new car: "was it worth it? was that past 5 years of "enjoyment" worth the amount of money spent? ie.for sure you will lose a higher grand total for these cars"

i won't add anymore calculations as i really feel it's pointless and only yourself can decide, but i can tell you - i am still in touch with my childhood friend who conveniently is a luxury car sales advisor, and a very successful 1 at it (from guesstimate, confirm above 15k net monthly excluding quarterly sales bonus)

pretty sure he wouldn't like this being shared publicly as this really is against the company's privacy agreements:
he works at a very famous AD which, and he shared before, in the past 1 year a shockingly huge amount of his centre's clientele are people who earns LESSER than 10k nett aims at cars in 200-300k range, while those who buys 350-450k car are people who earns 20k~ nett.

While it's true that almost all customers who buys 500k~ range cars(s-class,740, actual peformance cars etc) are businessman either for tax purposes/fleet cars/management cars OR are people who is obviously rich and can afford such car like how a fresh grad can afford an ex5 motor.

take it as how you like, but the general perception he shared is, people who buys sub 300k car (c-class/3series) are people who can barely afford it, but still die die want to sacrifice their lifestyle just to get that car.

my personal advice? Don't buy the entree level of luxury brands, if you really want to enjoy what luxury cars have to offer - wait until you truly can afford it, aim for the middle-ground (commonly in 350-380k range is a good start), and when you are starting to look at cars in 350k price range, you should already be in a matured enough mindset to make your own call of "can i afford it?"


**ps- yes people who earns lesser then 10k nett DID get their loans from what he told me, it's not impossible, but at least be very close to the 10k mark la of course, not 5k nett.

This post has been edited by Spitzer: May 25 2019, 02:20 AM

Dave ramsey is American, referring to american households where car prices are cheap there..a honda civic in America is like USD20k i think?
So for them, monthly salary of 2500 can already afford a civic.

Not applicable to Malaysian since car prices in malaysia is 5th highest in the world..tks to taxes

But if you want to live by Dave Ramsay's way, then good for you. That means youre living extreme frugally..

This post has been edited by Financier: May 25 2019, 10:42 AM

thanks. that’s a very good view to measure my head based on actual scenario.

Rather than how much salary

Saved up enough cash such that you can afford the monthly payment of a car by interest paid on investment (ASB, FD, dividend yielding stocks)

It's not salary, imho... It is how much remains after you deduct everything (taxes, epf, foods & groceries, housing, zakat, parental support, etc.)

Me salary ~rm45K per month and use rm160K car also feel heartache paying thousands monthly to car, let alone rm260k car.

Affordable to own a 260k car , at least 6k disposable income monthly. Thats estimation is based on stretching the loan to maximum tenure with 10% dp and caculate in maintenance plus yearly insurance and roadtax.
I only consider car within my allocated disposable income every month.
No point looking at gross or nett because each people have different expense and commitment so just deduct everything out and how much your disposable determine your affordability to own that 260k car.
So i would say 6k is the minimum you will need in order to enjoy the car without worrying about the maintenance and some other unexpected repair.

If u ask this question means you cannot afford.

Coming from a car seller, selling RM 260k over cars are quite common.

And probably half of the buyers of those RM 260k cars dont earn 20k a month as other forumers said. Most of them earn 8-10k but there are some of those that earn up to 20k.

What im saying is, almost all of my customers, and people, dont follow the 12x salary rule.
Im not saying its not a good rule of thumb, but thats just how society is.

I think we can all agree that the rule of thumb is:
Net Annual Income (own business) or 12 x net monthly salary (if you are employee)

Last i know... Car loan is the biggest culprit of bankrupcy among ppl in msia.

Buy is easy... Maintain is hard.

If u ask me... 20k min to buy a 260k car.

Those that earn 8-10k do u laugh at them inside? They have trouble maintain after buy the car? As I heard most insurance agent force to buy luxury car and after few months kena tarik

Most ppl in /k can afford it , 20k income

need more daddykasi sure no problem

u looking at the new C200 ke TS? it's around that price i think

anyway i think this calculation is correct to know if you can BUY the car
since car installment should not exceed 1/3 of your income, so if your income is RM8,250 i think bank will grant you loan
whether you can afford to maintain it, that's another story

i somehow think TS is actually considering the premium trim Toyota Harrier.

for me, price of car should be not more than 1/3 of annual salary.