please don’t troll or will be reported to mod

That is what statistics over the history has shown us but Bobby has his own line of thoughts.

I believed he somewhat counters the argument with utility against depreciation - his assumption is that a car when bought generally enables you to earn income whereas a house just sits there and does nothing UNTIL you sell it and provided that it could be sold for the market price.

You spent most of the time using the car that enables you to generate income and you only use a small fraction of your time in a day utilizing the house which doesn't do anything for you therefore what you have is book value but you do not actually enjoy that "gain" in tangible forms.

At least that's what he proposes.

msia's rental income is pathetic. there are properties at 1m renting at 1.5k a month. thats 1.8% annual return. im not saying buy premium cars and rent property. strike a balance. why would one need a 300k income for a 260k car? 300k income is top top tier considering msia's labour market.

I am a multiple Mercedes owner and I like to share my view.

The most important consideration before you put money into a RM 260k car is to put your priorities right.

Before you put that kind of money into a car, make sure you have accumulated enough hard assets in life aside from a stable paying job. What I mean by hard asset include a thriving business, fully paid properties/lands or properties/lands which have appreciated far beyond the cost that you paid for.

When you have either of these hard assets, owning a RM 260k car is a non issue because you know you have all these appreciating assets to back you up.

As for the income level to own a RM 260k car, I would say it is RM 10k and above in Malaysia. Why 10k? The average Malaysian here only make RM 6-8k max in their working life. Thats why you see plenty myvis and japanese cars on the road which they could only afford.

Once you hit rm10k take home pay before bonuses, I think you have demonstrated the ability to earn more and your income will not stuck at RM 10k forever. When I made my first 10k, I went on to make multiples on occasional months which makes owning the car easier.

My dear sir, I'm asking major local banks which one is offering something significantly higher than your 3.6% for pure FD.
NAmely public maybank cimb. I found none not due to lack of effort thus would love to have u share with us.
Wont berate u if u cant find as well . Im here sincerely to ask, not to fight with u. Im no longer a 30 yo boy looking for a fight

if you have no other commitments. 10k is more than enough.

i dont get this. do i need to make 2.6 million a year to buy a 260k car? lol