It's better if you tried from the lowest tier car.

I have driven shit car like old Toyota van, old kancil, old sunny

When you drive the new axia(the first gen, not the latest), you will feel it such a huuuge upgrade.

Sounds quite insane to me.

Let's say you earn RM240k a year and you buy a RM240k car, you literally have spent your entire year's worth of hard work just to buy something that brings you from point A to point B.

Imagine that, 1 whole year of suffering all goes into 1 thing.

If you consider this from a disposable income perspective, that's even worse! After reducing tax and all other living expenses for the year, you could be only left with RM5k a month and that's considering you aren't the spendthrift type. You would have spent at least 3 years of your life, working hard just to purchase that car. I discounted 1 year for bonus, increment, and investment income, which is more than generous.

What do you guys think? 3 years worth of blood sweat and tears for a car, worth it?

In reality, most Malaysian would actually be spending more than 5 years worth of blood, sweat, and tears on a car cause most either buy a car worth more than their 1 year salary, took long loans with high interest, or have a super low disposable income because of commitments.

dont buy new, buy used. If want to compare installment only, used car is worth it with few years left of warranty.

There's a saying, if you can't buy it twice, you can't afford it..

But buying a 240k car when you make 240k per annum is just silly.

I have bought a car equivalent to my annual salary before.
It's actually ok.

Why? The economics looks OK for the Malaysian market.
OK, let's change the metrics.

240k annual is about 20k a month.
A 240k is like a Toyota Camry.

If you earn 20k a month and buy a Camry, nobody bats an eye.

6 months??

6k gaji x 6 = 36k

Can buy what

Do include the hire purchase interest paid for 20 years, assuming not pay cash.

No rules that say must buy new car. 36k used  car, a lot of choices

If retired how?

What car to buy?