Dec 5 2025, 03:26 PM
QUOTE(MalcomShorten @ Dec 5 2025, 01:20 AM)
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.
You're confusing asset vs expenditure. Using your example, say you're planning to use the car for 7 years, and perhaps expect the car to be worth RM100K then. The difference 240k to 100k is depreciation, which is 20K on average each year of ownership. If you're earning 240k a year, then 20k of ownership cost is not unreasonable. Of course you'll need to factor in maintenance and running costs.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.
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