Only salary >RM8k can buy Myvi
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 Apr 6 2021, 12:29 PM
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#1
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Junior Member
86 posts Joined: Mar 2013  
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It's right. You should spend no more than 10-15% of your salary in car.
8K salary means you only have 800 to 1.2K for car. MyVi loan is about RM700 a month, so plus insurance, service, roadtax, petrol and general maintenance, that would comes to 1.2K a month. Anything more, you are heading to trouble. |
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Apr 6 2021, 01:09 PM
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#2
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Junior Member
86 posts Joined: Mar 2013
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QUOTE(acbc @ Apr 6 2021, 12:34 PM) Agreed. U must factor in maintenance, insurance and roadtax too. Some people also factor in emergencies. Simple calculationOnce u do this, zero worries because the funds already allocated.  Monthly bank loan Monthly petrol (estimate) Yearly roadtax (divide 12 months) Yearly insurance (divide 12 months) Maintenance (get estimate and divide by monthly) Tyre cost plus alignment and balancing (typical last 3 years, so get the estimated cost divide by 36 months) Battery cost (typical last 2 years, so get estimated cost divide by 24 months) Emergency fund (roughly = 3 to 5 months bank loan amount divide by 60 months) So add those monthly cost up, it should come up to 10 to 15% of your salary. And you are set for anything. acbc liked this post
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Apr 6 2021, 01:34 PM
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#3
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Junior Member
86 posts Joined: Mar 2013
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QUOTE(ktek @ Apr 6 2021, 01:31 PM) installment where got sohigh. u tau kira x 5 years loan is about there. 7 should be the max. |
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Apr 6 2021, 01:48 PM
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#4
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Junior Member
86 posts Joined: Mar 2013
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QUOTE(ktek @ Apr 6 2021, 01:36 PM) 5yr not approve la. many burden broo If you need 9 yrs loan then you really cannot afford it.use 7 & 9 is plenty diff |
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