The car that’s under my name (for my mother, mainly) is paid for with cash. I just put aside a little bit every month for five or six years and combine that with the resale of the prior car (which is usually decent). Not a fancy car so not a huge financial strain, nor will LHDN seek to call me for coffee.
My daily driver is slightly more upscale but it’s leased (Kinto subscription) under my company. Less headache since one monthly payment covers everything from insurance to servicing to tyres. Also improves the company’s “creditworthiness” a bit I suppose.
This post has been edited by dev/numb: Jan 29 2024, 02:05 PM
cars higher than annual salary formula
Jan 29 2024, 11:04 AM
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