QUOTE(statikinetic @ Dec 5 2025, 09:17 AM)
Different markets different formula.
Cannot use in the Malaysia & Singapore market due to inflated car prices.
Agreed. While in USA, it would be 6 months, here 12 to 18 months. 24 months would be too much money on a car, beyond your means.Cannot use in the Malaysia & Singapore market due to inflated car prices.
Also down payment about 15-25%. Having just about 10% shows that it is too early and should save more; showing that there's too little savings to afford that particular car at the moment.
To be financially prudence, loan should not be more than 5 years. 6 years is pushing it, yet still okay for a first car. Beyond the 1st car, should be financially sound to handle higher installments, keeping it less than 4 years.
Dec 5 2025, 09:42 AM

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